indicator with exrem function (Pine script)

• 01/05/2024 at 12:34 PM #225979
  srheufke

  I've found this code to remove excessive signals through exrem (Buy,Sell) function. How to translate the exrem section and further?

  1	I've found this code to remove excessive signals through exrem (Buy,Sell) function. How to translate the exrem section and further?

  //@version=5 indicator(title='SuperTrend + MACD + EMA', overlay=true) //EMA fast_ema = ta.ema(close, 9) slow_ema = ta.ema(close, 18) plot(series=fast_ema, title='Fast EMA', color=#00FFFF, linewidth=1) plot(series=slow_ema, title='Slow EMA', color=#FF00FF, linewidth=1) //MACD fastInput = 12 slowInput = 26 [macdLine, signalLine, histLine] = ta.macd(close, fastInput, slowInput, 9) //Supertrend atrPeriod = 10 factor = 3 [supertrend, direction] = ta.supertrend(factor, atrPeriod) linecolor = direction < 0 ? #00ff00 : #ff0000 plot(series=supertrend, title='Supertrend', color=linecolor, linewidth=1) // Conditions long_condition = barstate.isconfirmed and fast_ema > slow_ema and macdLine > signalLine and close > supertrend short_condition = barstate.isconfirmed and fast_ema < slow_ema and macdLine < signalLine and close < supertrend // Function to Remove Excessive Signals exrem(condition_1, condition_2) => var entry_signal = 0 entry_signal := condition_1 ? 1 : condition_2 ? -1 : entry_signal[1] entry = entry_signal != entry_signal[1] buy = entry and entry_signal == 1 sell = entry and entry_signal == -1 [buy, sell] // Signals [long_signal, short_signal] = exrem(long_condition, short_condition) // Plot plotshape(long_signal, style=shape.triangleup, color=#00FF00, text='BUY', textcolor=#FFFFFF, editable=false, location=location.belowbar, size=size.small) plotshape(short_signal, style=shape.triangledown, color=#FF0000, text='SELL', textcolor=#FFFFFF, editable=false, location=location.abovebar, size=size.small)

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  //@version=5 indicator(title='SuperTrend + MACD + EMA', overlay=true)   //EMA fast_ema = ta.ema(close, 9) slow_ema = ta.ema(close, 18) plot(series=fast_ema, title='Fast EMA', color=#00FFFF, linewidth=1) plot(series=slow_ema, title='Slow EMA', color=#FF00FF, linewidth=1)   //MACD fastInput = 12 slowInput = 26 [macdLine, signalLine, histLine] = ta.macd(close, fastInput, slowInput, 9)   //Supertrend atrPeriod = 10 factor = 3 [supertrend, direction] = ta.supertrend(factor, atrPeriod) linecolor = direction < 0 ? #00ff00 : #ff0000 plot(series=supertrend, title='Supertrend', color=linecolor, linewidth=1)   // Conditions long_condition = barstate.isconfirmed and                  fast_ema > slow_ema and                  macdLine > signalLine and                  close > supertrend   short_condition = barstate.isconfirmed and                  fast_ema < slow_ema and                  macdLine < signalLine and                  close < supertrend   // Function to Remove Excessive Signals exrem(condition_1, condition_2) =>     var entry_signal = 0     entry_signal := condition_1 ? 1 : condition_2 ? -1 : entry_signal[1]     entry = entry_signal != entry_signal[1]     buy = entry and entry_signal == 1     sell = entry and entry_signal == -1     [buy, sell]   // Signals [long_signal, short_signal] = exrem(long_condition, short_condition)   // Plot plotshape(long_signal, style=shape.triangleup, color=#00FF00, text='BUY', textcolor=#FFFFFF, editable=false, location=location.belowbar, size=size.small) plotshape(short_signal, style=shape.triangledown, color=#FF0000, text='SELL', textcolor=#FFFFFF, editable=false, location=location.abovebar, size=size.small)

  

  srheufke

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  01/05/2024 at 5:26 PM #226001
  jacquesgermain

  //below my conversion of your indicator :

  once signal=0
  //EMA
  fastema = ExponentialAverage[9](close)
  slowema = ExponentialAverage[18](close)

  //MACD
  macdl=MACDline[12,26,9](close)
  //Supertrend
  ST=Supertrend[3,10]
  // Conditions
  conditionA =st>=ST[1] and fastema > slowema and macdL > MACDSignal[12,26,9](close) and close > supertrend
  conditionb=st<ST[1]and fastema < slowema and macdL < MACDSignal[12,26,9](close) and close < supertrend
  if conditionA and not conditionA[1] then
  signal=1
  endif
  if conditionB and not conditionB[1] then
  signal=2
  endif
  if signal=1 and signal[1]=2 then
  DRAWARROWUP(barindex,ST)coloured(0,0,255)
  endif
  if signal=2 and signal[1]=1 then
  DRAWARROWDOWN(barindex,ST)coloured(255,0,0)
  endif
  return ST as “supertrend”

  3 users thanked author for this post.

  KumoNoJuzza, Msport71, srheufke

  

  jacquesgermain

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