// This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/
// © LuxAlgo
//@version=5
indicator( ‘Swing Breakouts Tests & Retests [LuxAlgo]’, shorttitle=’LuxAlgo – Swing Breakouts Tests & Retests’, max_labels_count=500, max_boxes_count=500, overlay=true)
//———————————————————————————————————————}
// Settings
//———————————————————————————————————————{
display = input.string(‘Bullish AND Bearish’, ‘Display’ , options=[‘Bullish OR Bearish’, ‘Bullish AND Bearish’, ‘Bearish’, ‘Bullish’])
mult = input.float (1 , ‘Width’ , step =0.1 )
maxBars = input.int (500 , ‘Maximum Bars’ , tooltip= ‘Maximum bars without signal’ )
showReTest = input.string(‘All’, ‘Display Test/Retest Labels’ , options= [‘All’, ‘Last’] )
minBars = input.int (0 , ‘Minimum Bars’ , minval =0, tooltip= ‘Minimum required amount of bars between each labels’)
setBack = input.bool (true, ‘Set Back To Last Retest’ , tooltip=’When the right side of the area is too far, stop updating and set back to position of last test/retest’)
left = input.int (10 , ‘Left’ , minval =1, group=’Swings’), right = input.int (1, ‘Right’ , minval =1 , group =’Swings’ )
//Style
bull1_color = input.color (#08998145, ‘Bullish ‘ , inline = ‘bull’ , group= ‘Style’ )
bull2_color = input.color (#f2364545, ” , inline = ‘bull’ , group= ‘Style’ )
bear1_color = input.color (#f2364545, ‘Bearish’ , inline = ‘bear’ , group= ‘Style’ )
bear2_color = input.color (#08998145, ” , inline = ‘bear’ , group= ‘Style’ )
labSize = input.string(size.small , ‘Label Size’ , options=[size.tiny, size.small, size.normal, size.large] )
//———————————————————————————————————————}
//UDT
//———————————————————————————————————————{
// @type bin object
// @field bx box, breakout and retest
// @field state holds the current state
// @field price holds highest/lowest price
// @field lab1 array of labels (re-test)
// @field lab2 array of labels (re-test)
type bin
box bx
int state
float price
array<label>lab1
array<label>lab2
//———————————————————————————————————————}
//Methods
//———————————————————————————————————————{
n = bar_index
// @function Fetches the red, green and blue value from the input
// @param col color
// @returns color.rgb() without transparancy
method colorRGB(color col) =>
color.rgb(
color.r(col)
, color.g(col)
, color.b(col)
)
// @function controls whether a label may be added to array
// @param aLab array (receiver)
// @returns bool – true/false
method mayAdd(array<label>aLab) => aLab.size() == 0 or showReTest == ‘Last’ ? true : showReTest == ‘All’ and n – aLab.first().get_x() > minBars
// @function Provides a label
// @param dir bullish ‘bull’ or bearish ‘bear’
// @param state concerning state (1 or 2)
// @returns label
method label(string dir, int state, float y) =>
lab = label.new(n, y, color= color(na), size=labSize)
switch dir
‘bull’ =>
switch state
1 => lab.set_style(label.style_label_up ), lab.set_text(‘▲’), lab.set_textcolor(bull1_color.colorRGB())
2 => lab.set_style(label.style_label_down), lab.set_text(‘▽’), lab.set_textcolor(bull2_color.colorRGB())
‘bear’ =>
switch state
1 => lab.set_style(label.style_label_down), lab.set_text(‘▼’), lab.set_textcolor(bear1_color.colorRGB())
2 => lab.set_style(label.style_label_up ), lab.set_text(‘△’), lab.set_textcolor(bear2_color.colorRGB())
lab
// @function Adds label to array, pops 1 out if ‘onlyLast’
// @param aLab array (receiver)
// @param lab lab to add
// @returns void or label
method addLabel(array<label>aLab, label lab) =>
aLab.unshift(lab)
if showReTest == ‘Last’
and aLab.size() > 1
aLab.pop()
//———————————————————————————————————————}
//Variables
//———————————————————————————————————————{
var bull = bin.new(box(na), 0, na, array.new<label>(), array.new<label>())
var bear = bin.new(box(na), 0, na, array.new<label>(), array.new<label>())
//———————————————————————————————————————}
//Execution
//———————————————————————————————————————{
atr = nz(ta.atr(200), ta.cum(high – low) / (n + 1)) * mult
ph = ta.pivothigh(left, right)
pl = ta.pivotlow (left, right)
box_bull_left = bull.bx.get_left ()
box_bull_right = bull.bx.get_right ()
box_bull_top = bull.bx.get_top ()
box_bull_bottom = bull.bx.get_bottom()
box_bear_left = bear.bx.get_left ()
box_bear_right = bear.bx.get_right ()
box_bear_top = bear.bx.get_top ()
box_bear_bottom = bear.bx.get_bottom()
//Bullish
if display == ‘Bullish’
or display == ‘Bullish AND Bearish’
or (display == ‘Bullish OR Bearish’
and bear.state == 0
)
switch
bull.state == 0 =>
if not na(pl)
bull.bx := box.new(n – right, pl + atr, n, pl, bgcolor=bull1_color, border_color=color(na))
bull.state := 1 //Swing found; if condition is ok – state 0 -> 1
bull.lab1.clear() //chuck labels out of array without deleting
bull.lab2.clear()
bull.price := pl
bull.state == 1 =>
if box_bull_right – box_bull_left >= maxBars //Right side is too far from start
if bull.lab1.size() == 0
bull.bx.delete()
else
if setBack
bull.bx.set_right(bull.lab1.first().get_x())
bull.state := 0 //Reset
else
bull.bx.set_right(n)
//Breakout; first box remains, switch to second box – state 1 -> 2
if close < box_bull_bottom
bull.bx := box.new(n, box_bull_top, n, box_bull_bottom, bgcolor=bull2_color, border_color=color(na))
bull.state := 2
bull.price := box_bull_top
if close > box_bull_top and open < box_bull_top and bull.lab1.mayAdd()
bull.lab1.addLabel(‘bull’.label(1, bull.price)).delete()
bull.state == 2 =>
if box_bull_right – box_bull_left >= maxBars
if bull.lab2.size() == 0
bull.bx.delete()
else
if setBack
bull.bx.set_right(bull.lab2.first().get_x())
bull.state := 0
else
bull.bx.set_right(n)
if close > box_bull_top
bull.state := 0 //Reset
if close < box_bull_bottom and open > box_bull_bottom and bull.lab2.mayAdd()
bull.lab2.addLabel(‘bull’.label(2, bull.price)).delete()
//Bearish
if display == ‘Bearish’
or display == ‘Bullish AND Bearish’
or (display == ‘Bullish OR Bearish’
and bull.state == 0
)
switch
bear.state == 0 =>
if not na(ph)
bear.bx := box.new(n – right, ph, n, ph – atr, bgcolor=bear1_color, border_color=color(na))
bear.state := 1
bear.lab1.clear() //chuck labels out of array without deleting
bear.lab2.clear()
bear.price := ph
bear.state == 1 =>
if box_bear_right – box_bear_left >= maxBars
if bear.lab1.size() == 0
bear.bx.delete()
else
if setBack
bear.bx.set_right(bear.lab1.first().get_x())
bear.state := 0
else
bear.bx.set_right(n)
if close > box_bear_top
bear.bx := box.new(n, box_bear_top, n, box_bear_bottom, bgcolor=bear2_color, border_color=color(na))
bear.state := 2
bear.price := box_bear_bottom
if close < box_bear_bottom and open > box_bear_bottom and bear.lab1.mayAdd()
bear.lab1.addLabel(‘bear’.label(1, bear.price)).delete()
bear.state == 2 =>
if box_bear_right – box_bear_left >= maxBars
if bear.lab2.size() == 0
bear.bx.delete()
else
if setBack
bear.bx.set_right(bear.lab2.first().get_x())
bear.state := 0
else
bear.bx.set_right(n)
if close < box_bear_bottom
bear.state := 0
if close > box_bear_top and open < box_bear_top and bear.lab2.mayAdd()
bear.lab2.addLabel(‘bear’.label(2, bear.price)).delete()
//———————————————————————————————————————}
