//@version=3
study(title = “Open Close Cross Alert R6.2 by JustUncleL”, shorttitle = “OCC Alert R6.2”, overlay = false)
// Revision: 6
// Original Author: @JayRogers
// Revisions By: R3, R4, R5, R6 by JustIncleL
//
//
// *** USE AT YOUR OWN RISK ***
// – There are drawing/painting issues in pinescript when working across resolutions/timeframes that I simply
// cannot fix here.. I will not be putting any further effort into developing this until such a time when
// workarounds become available.
//
// R6.2 By JustUncleL:
// – Minor updates for Pinescript Version 3 Compliance.
// – Modified Divergence to display only when in correct High/Low zone.
// 9-Aug-2017
// – Correction SuperSmooth MA calculation.
//
// R6 By JustUncleL:
// – Added optional Divergence detection.
// – Corrected Alternate resolution calculation to allow for Daily, Weekly and Monthly charts.
// – Changed Graphic presentation.
// R5 By JustUncleL:
// – Change the way the Alternate resolution in selected, use a Multiplier of the base Time Frame instead,
// this makes it easy to switch between base time frames.
// – Added TMA and SSMA moving average options. But DEMA is still giving the best results.
// – Updated Default settings.
//
// R4 Changes (by JustUncleL):
// – Change Alert indication to coloured circle at bottom.
// – Added Histogram of difference between close and open MAs as a factor of average asset MA value.
//
// R3 Changes (by JustUncleL):
// — Study indicator alert created for TradingView sub-system (the alertcondition() function does not work in a
// “Strategy” script — Bug).
// R2 Changes:
// – Simplified and cleaned up plotting, now just shows a Moving Average derived from the average of open/close.
// – Tried very hard to alleviate painting issues caused by referencing alternate resolution..
//
// Description:
// – Strategy based around Open-Close Crossovers.
// Setup:
// – I have generally found that setting the strategy resolution to 3-4x that of the chart you are viewing
// tends to yield the best results, regardless of which MA option you may choose (if any) BUT can cause
// a lot of false positives – be aware of this
// – Don’t aim for perfection. Just aim to get a reasonably snug fit with the O-C band, with good runs of
// green and red.
// – Option to either use basic open and close series data, or pick your poison with a wide array of MA types.
// – Optional trailing stop for damage mitigation if desired (can be toggled on/off)
// – Positions get taken automagically following a crossover – which is why it’s better to set the resolution
// of the script greater than that of your chart, so that the trades get taken sooner rather than later.
// – If you make use of the stops/trailing stops, be sure to take your time tweaking the values. Cutting it too fine
// will cost you profits but keep you safer, while letting them loose could lead to more drawdown than you
// can handle.
// === INPUTS ===
useRes = input(defval = true, title = “Use Alternate Resolution?”)
intRes = input(defval = 3, title = “Multiplier for Alernate Resolution”)
stratRes = ismonthly? tostring(interval*intRes,”###M”) : isweekly? tostring(interval*intRes,”###W”) : isdaily? tostring(interval*intRes,”###D”) : isintraday ? tostring(interval*intRes,”####”) : ’60’
//
basisType = input(defval = “SMMA”, title = “MA Type: “, options=[“SMA”, “EMA”, “DEMA”, “TEMA”, “WMA”, “VWMA”, “SMMA”, “HullMA”, “LSMA”, “ALMA”, “SSMA”, “TMA”])
basisLen = input(defval = 8, title = “MA Period”, minval = 1)
offsetSigma = input(defval = 6, title = “Offset for LSMA / Sigma for ALMA”, minval = 0)
offsetALMA = input(defval = 0.85, title = “Offset for ALMA”, minval = 0, step = 0.01)
delayOffset = input(defval = 0, title = “Delay Open/Close MA (Forces Non-Repainting)”, minval = 0, step = 1)
//
uDiv = input(false,”Show Divergence Channel”)
multi = input(0.5,minval=0.0,maxval=3.0,title=”Divergence Channel Width Factor (Stddev)”)
uHid = input(false, title=”Show Hidden Divergence”)
uReg = input(false, title=”Show Regular Divergence”)
uDiv := uReg or uHid ? uDiv : false
// === /INPUTS ===
// – variant(type, src, len)
// Returns MA input selection variant, default to SMA if blank or typo.
// Returns MA input selection variant, default to SMA if blank or typo.
variant(type, src, len, offSig, offALMA) =>
v1 = sma(src, len) // Simple
v2 = ema(src, len) // Exponential
v3 = 2 * v2 – ema(v2, len) // Double Exponential
v4 = 3 * (v2 – ema(v2, len)) + ema(ema(v2, len), len) // Triple Exponential
v5 = wma(src, len) // Weighted
v6 = vwma(src, len) // Volume Weighted
v7 = 0.0
v7 := na(v7[1]) ? sma(src, len) : (v7[1] * (len – 1) + src) / len // Smoothed
v8 = wma(2 * wma(src, len / 2) – wma(src, len), round(sqrt(len))) // Hull
v9 = linreg(src, len, offSig) // Least Squares
v10 = alma(src, len, offALMA, offSig) // Arnaud Legoux
v11 = sma(v1,len) // Triangular (extreme smooth)
// SuperSmoother filter
// © 2013 John F. Ehlers
a1 = exp(-1.414*3.14159 / len)
b1 = 2*a1*cos(1.414*3.14159 / len)
c2 = b1
c3 = (-a1)*a1
c1 = 1 – c2 – c3
v12 = 0.0
v12 := c1*(src + nz(src[1])) / 2 + c2*nz(v12[1]) + c3*nz(v12[2])
type==”EMA”?v2 : type==”DEMA”?v3 : type==”TEMA”?v4 : type==”WMA”?v5 : type==”VWMA”?v6 : type==”SMMA”?v7 : type==”HullMA”?v8 : type==”LSMA”?v9 : type==”ALMA”?v10 : type==”TMA”?v11: type==”SSMA”?v12: v1
// security wrapper for repeat calls
reso(exp, use, res) => use ? security(tickerid, res, exp, gaps=barmerge.gaps_off, lookahead=barmerge.lookahead_on) : exp
// === SERIES SETUP ===
closeSeries = variant(basisType, close[delayOffset], basisLen, offsetSigma, offsetALMA)
openSeries = variant(basisType, open[delayOffset], basisLen, offsetSigma, offsetALMA)
closeOpenAvg = (closeSeries + openSeries) / 2
// === /SERIES ===
// Get Alternate Open/Close Series MAs, if selected.
closeSeriesAlt = reso(closeSeries, useRes, stratRes)
openSeriesAlt = reso(openSeries, useRes, stratRes)
//
xlong = crossover(closeSeriesAlt, openSeriesAlt)
xshort = crossunder(closeSeriesAlt, openSeriesAlt)
longCond = xlong // alternative: longCond[1]? false : (xlong or xlong[1]) and close>closeSeriesAlt and close>=open
shortCond = xshort // alternative: shortCond[1]? false : (xshort or xshort[1]) and close<closeSeriesAlt and close<=open
// === /ALERT conditions
// === PLOTTING ===
diff = closeSeriesAlt – openSeriesAlt
pcd = 50000.0*diff/closeOpenAvg
alert = longCond or shortCond
trendColour = closeSeriesAlt > openSeriesAlt ? green : red
hline(0,color=gray,linestyle=dashed)
plot(pcd,title=”OCC Difference Factor”, color = trendColour, linewidth=1,style=area,transp=80)
plot(pcd,title=”OCC Difference Factor”, color = trendColour, linewidth=2,style=line,transp=20)
plotshape(alert,title=”OCC Alert Plot”, color = trendColour,style=shape.circle,location=location.bottom,transp=0,size=size.auto)
// || Functions:
f_top_fractal(_src)=>_src[4] < _src[2] and _src[3] < _src[2] and _src[2] > _src[1] and _src[2] > _src[0]
f_bot_fractal(_src)=>_src[4] > _src[2] and _src[3] > _src[2] and _src[2] < _src[1] and _src[2] < _src[0]
f_fractalize(_src)=>f_top_fractal(_src) ? 1 : f_bot_fractal(_src) ? -1 : 0
// === /BASE FUNCTIONS ===
rsi_high = pcd
rsi_low = pcd
offset_ = multi*stdev(pcd,20)
fractal_top_rsi = f_fractalize(rsi_high) > 0 ? rsi_high[2] : na
fractal_bot_rsi = f_fractalize(rsi_low) < 0 ? rsi_low[2] : na
rsi_high_prev=valuewhen(fractal_top_rsi,rsi_high[2],1)
rsi_high_price = valuewhen(fractal_top_rsi, high[2], 1)
rsi_low_prev=valuewhen(fractal_bot_rsi,rsi_low[2],1)
rsi_low_price = valuewhen(fractal_bot_rsi, low[2], 1)
regular_bearish_div = fractal_top_rsi and high[2] > rsi_high_price and rsi_high[2] < rsi_high_prev and rsi_high>0
hidden_bearish_div = fractal_top_rsi and high[2] < rsi_high_price and rsi_high[2] > rsi_high_prev and rsi_high>0
regular_bullish_div = fractal_bot_rsi and low[2] < rsi_low_price and rsi_low[2] > rsi_low_prev and rsi_low<0
hidden_bullish_div = fractal_bot_rsi and low[2] > rsi_low_price and rsi_low[2] < rsi_low_prev and rsi_low<0
plot(title=’RSI High’, series=uDiv?rsi_high:na, color=gray)
plot(title=’RSI Low’, series=uDiv?rsi_low:na, color=gray)
plot(title=’RSI H F’, series=uDiv?fractal_top_rsi+offset_:na, color=red, offset=-2)
plot(title=’RSI L F’, series=uDiv?fractal_bot_rsi-offset_:na, color=green, offset=-2)
plot(title=’RSI H D’, series=uDiv?fractal_top_rsi+offset_:na, style=circles, color=(regular_bearish_div and uReg) or (hidden_bearish_div and uHid)? maroon : gray, linewidth=3, offset=-2)
plot(title=’RSI L D’, series=uDiv?fractal_bot_rsi-offset_:na, style=circles, color=(regular_bullish_div and uReg) or (hidden_bullish_div and uHid)? green : gray, linewidth=3, offset=-2)
plotshape(title=’+RBD’, series=regular_bearish_div and uReg? rsi_high[2]+offset_ : na, text=’Regular’, style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2)
plotshape(title=’+HBD’, series=hidden_bearish_div and uHid? rsi_high[2]+offset_ : na, text=’hidden’, style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2)
plotshape(title=’-RBD’, series=regular_bullish_div and uReg? rsi_low[2]-offset_ : na, text=’Regular’, style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2)
plotshape(title=’-HBD’, series=hidden_bullish_div and uHid? rsi_low[2]-offset_ : na, text=’hidden’, style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2)
// === ALARM ALERTS for TradingView ALARM sub-system (server based) ===
alertcondition(alert,message=”OCC BothCond”,title=”OCC BothCond”)
alertcondition(longCond,message=”OCC LongCond”,title=”OCC LongCond”)
alertcondition(shortCond,message=”OCC ShortCond”,title=”OCC ShortCond”)
// === /ALARM ALERTS
//eof
