// This source code is subject to the terms of the Mozilla Public License 2.0 at
https://mozilla.org/MPL/2.0/
// © Dynamictradingstrategies
//@version=5
indicator(‘SUSHANT ATR BREAKOUT INTRADAY SCRIPT’, overlay = true)
tradetime = input.session(title=’tradetime’, defval=’0915-1530′)
timeframe = input.timeframe(title=’tradetime’, defval=’1′)
sqoff = input.session(title=’sqoff’, defval=’1518-1519′)
EOD = input.session(title=’EOD’, defval=’1529-1530′)
////////////// Timing function declaration///////////////////////
barsinsession(tradetime) =>
time(timeframe, tradetime) != 0
insession = barsinsession(tradetime) ? 1 : 0
sqoffsession = barsinsession(sqoff) ? 1 : 0
squareoffpos = sqoffsession == 1 and sqoffsession[1] == 0
endofday = barsinsession(EOD) ? 1 : 0
RSI_25 = input(title=’RSI_25′, defval=25)
length_100 = input(title=’RSI_100′, defval=100)
RSI = ta.rsi(close,RSI_25)
RSI2 = ta.rsi(close,length_100)
[diplus, diminus, adx] = ta.dmi(14, 14)
length = input(title=’ATR Period’, defval=22)
mult = input.float(title=’ATR Multiplier’, step=0.1, defval=3.0)
showLabels = input(title=’Show Buy/Sell Labels ?’, defval=true)
useClose = input(title=’Use Close Price for Extremums ?’, defval=true)
highlightState = input(title=’Highlight State ?’, defval=true)
atr = mult * ta.atr(length)
longStop = (useClose ? ta.highest(close, length) : ta.highest(length)) – atr
longStopPrev = nz(longStop[1], longStop)
longStop := close[1] > longStopPrev ? math.max(longStop, longStopPrev) : longStop
shortStop = (useClose ? ta.lowest(close, length) : ta.lowest(length)) + atr
shortStopPrev = nz(shortStop[1], shortStop)
shortStop := close[1] < shortStopPrev ? math.min(shortStop, shortStopPrev) : shortStop
var int dir = 1
dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir
buySignal = dir == 1
sellSignal = dir == -1
buy = (buySignal and RSI > RSI2 and adx > 25) and insession
short = (sellSignal and RSI < RSI2 and adx > 14) and insession
sell = sellSignal or squareoffpos
cover = buySignal or squareoffpos
var islong = false
var issell = false
var isshort = false
var iscover = false
buy := not islong and buy
sell := not issell and sell
short := not isshort and short
cover := not iscover and cover
if buy
islong := true
issell := false
if sell
islong := false
issell := true
if short
isshort := true
iscover := false
if cover
isshort := false
iscover := true
if endofday
islong := false
isshort := false
var color longColor = color.green
var color shortColor = color.red
longStopPlot = plot(dir == 1 ? longStop : na, title=’Long Stop’, style=plot.style_linebr, linewidth=2, color=color.new(longColor, 0))
shortStopPlot = plot(dir == 1 ? na : shortStop, title=’Short Stop’, style=plot.style_linebr, linewidth=2, color=color.new(shortColor, 0))
midPricePlot = plot(ohlc4, title=”, style=plot.style_circles, linewidth=0, display=display.none, editable=false)
longFillColor = highlightState ? dir == 1 ? longColor : na : na
shortFillColor = highlightState ? dir == -1 ? shortColor : na : na
fill(midPricePlot, longStopPlot, title=’Long State Filling’, color=longFillColor, transp=90)
fill(midPricePlot, shortStopPlot, title=’Short State Filling’, color=shortFillColor, transp=90)
alertcondition(buy, title=’Alert: CE Buy’, message=’ Buy!’)
alertcondition(short, title=’Alert: CE Short’, message=’ Short!’)
alertcondition(sell, title=’Alert: CE Sell’, message=’ Sell!’)
alertcondition(cover, title=’Alert: CE Cover’, message=’ Cover!’)
// ********************************************************************
plotshape(buy , title = “BUY”, style = shape.triangleup, text = “BUY”, color = color.green, textcolor = color.black, location = location.belowbar, size = size.small)
plotshape(sell, title = “SELL”, style = shape.triangledown, text = “SELL”, color = color.red, textcolor = color.black, location = location.abovebar,size = size.small)
plotshape(short , title = “SHORT”, style = shape.triangledown, text = “SHORT”, color = color.red, textcolor = color.black, location = location.abovebar, size = size.small)
plotshape(cover, title = “COVER”, style = shape.triangleup, text = “COVER”, color = color.green, textcolor = color.black, location = location.belowbar,size = size.small)
