Converting indicator Trend Trader Strategy

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Posts

07/16/2022 at 12:15 PM #197355 quote

mariamfi

Participant

New

the following is a code of Trend Trader Strategy from trading view

I would like to convert it to use it in prorealtime

//@version=4
////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 21/01/2021
// This is plots the indicator developed by Andrew Abraham
// in the Trading the Trend article of TASC September 1998
//
// WARNING:
// – For purpose educate only
// – This script to change bars colors.
////////////////////////////////////////////////////////////
study(title=”Trend Trader Strategy”, overlay = true)
Length = input(21, minval=1),
Multiplier = input(3, minval=0.000001)
avgTR = wma(atr(1), Length)
highestC = highest(Length)
lowestC = lowest(Length)
hiLimit = highestC[1]-(avgTR[1] * Multiplier)
loLimit = lowestC[1]+(avgTR[1] * Multiplier)
ret = 0.0
pos = 0.0
ret:= iff(close > hiLimit and close > loLimit, hiLimit,
iff(close < loLimit and close < hiLimit, loLimit, nz(ret[1], close)))
pos:= iff(close > ret, 1,
iff(close < ret, -1, nz(pos[1], 0)))
barcolor(pos == -1 ? color.red: pos == 1 ? color.green : color.blue )
plot(ret, color= color.blue , title=”Trend Trader Strategy”)

08/29/2022 at 3:52 PM #199821 quote

robertogozzi

Moderator

Legend

There you go:

// Trend Trader Strategy (TTS)
//
// https://www.prorealcode.com/topic/converting-indicator-trend-trader-strategy/
//
// https://www.tradingview.com/script/j1etwXMQ-Trend-Trader-Strategy/
//
// @version=4
////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 21/01/2021
// This is plots the indicator developed by Andrew Abraham
// in the Trading the Trend article of TASC September 1998
//
// WARNING:
// - For purpose educate only
// - This script to change bars colors.
////////////////////////////////////////////////////////////
//ONCE Length     = 21
//ONCE Multiplier = 3
length     = max(1,min(999,length))
multiplier = max(0,min(999,multiplier))
MyATR      = AverageTrueRange[1](close)
avgTR      = average[Length,2](MyATR)
highestC   = highest[Length](close)
lowestC    = lowest[Length](close)
hilimit    = highestC[1] - (avgTR[1] * Multiplier)
lolimit    = lowestC[1]  + (avgTR[1] * Multiplier)
//
ret        = 0
pos        = 0
//
IF (close > hilimit) AND (close > lolimit) THEN
ret = hilimit
ELSE
IF (close < lolimit) AND (close < hilimit) THEN
ret = lolimit
ELSE
//IF ret[1] = 0 THEN
ret = close
//ENDIF
ENDIF
ENDIF
//
IF close > ret THEN
pos = 1
ELSE
IF close < ret THEN
pos = -1
ELSE
pos = pos[1]
ENDIF
ENDIF
r = 0
g = 128
b = 0
t = 155
IF pos = -1 THEN
r = 255
g = 0
t = 255
ENDIF
DrawCandle(Open,High,Low,Close) coloured(r,g,b,t)
RETURN ret coloured(0,0,255,255) AS "Trend Trader Strategy"

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Trend-Trader-Strategy-TTS.itf