Plot indicator on the Chart
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Dear friends,
I having problem with plotting indicator (itf. file) on the chart , it was plotted below from the chart.
How do set this indicator on the chart.
defparam drawonlastbaronly = true
// Parameters for Moving Averages, Bollinger Bands, and Volume Threshold
emaShortPeriod = 9
emaLongPeriod = 21
bollingerPeriod = 20
bollingerDeviation = 2
volumeMultiplier = 1.5
arrowLength = 10 // Length of the arrow in price units// Calculate EMAs, Bollinger Bands, and Volume
emaShort = exponentialaverage[emaShortPeriod]
emaLong = exponentialaverage[emaLongPeriod]
bollingerMiddle = average[bollingerPeriod]
bollingerUpper = bollingerMiddle + std[bollingerPeriod] * bollingerDeviation
bollingerLower = bollingerMiddle – std[bollingerPeriod] * bollingerDeviation
averageVolume = average[50](volume)// Signal Conditions
isBuySignal = emaShort > emaLong and close < bollingerLower and volume > averageVolume * volumeMultiplier
isSellSignal = emaShort < emaLong and close > bollingerUpper and volume > averageVolume * volumeMultiplier// Draw Segments for Buy Signals
if isBuySignal then
DRAWSEGMENT(barindex, low – arrowLength, barindex, low, rgb(0,255,0)) // Green upward segment for Buy
endif// Draw Segments for Sell Signals
if isSellSignal then
DRAWSEGMENT(barindex, high + arrowLength, barindex, high, rgb(255,0,0)) // Red downward segment for Sell
endif// Display EMA lines for trend identification
return emaShort as “EMA Short”, emaLong as “EMA Long”
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 04/18/2020 |
| Status: | Active |
| Attachments: | 2 files |