Initial Commit ...

xIndicators/x-saherelm.trend.magic.pine

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+///////////////////////////////////////////////////////
+// 
+// SaherElm IT Center Trend Magic Indicator
+// ---------------------------------------------
+// saherelm implementation of above indicator ...
+//
+// Maintainer:
+// ------------
+// Hadi Khazaee Asl (hadi_khazaee_asl@yahoo.com)
+// 
+//////////////////////////////////////////////////////
+
+// 
+//@version=5
+indicator(title="SaherElm Trend Magic Indicator", shorttitle = "XS_TM_IND", overlay = true)
+
+//
+// START Inputs ....
+// 
+TMPeriod = input.int(defval = 20, title = "CCI period")
+TMCoeff = input.int(defval = 1, title = "ATR Multiplier")
+TMAP = input.int(defval = 5, title = "ATR Period")
+TMATR = ta.sma(ta.tr,TMAP)
+TMSrc = input.source(defval = close, title = "Source")
+//
+// END Inputs ....
+// 
+
+//
+// START Functions ....
+// 
+//
+// END Functions ....
+// 
+
+//
+// START Calculations ....
+//
+// 
+TMUpT = low - TMATR * TMCoeff
+TMDownT = high + TMATR * TMCoeff
+
+//
+MagicTrend = 0.0
+MagicTrend := ta.cci(TMSrc, TMPeriod) >= 0 ? (TMUpT < nz(MagicTrend[1]) ? nz(MagicTrend[1]) : TMUpT) : (TMDownT > nz(MagicTrend[1]) ? nz(MagicTrend[1]) : TMDownT)
+TMColor = ta.cci(TMSrc, TMPeriod) >= 0 ? color.blue : color.red
+//
+// END Calculations ....
+// 
+
+//
+// START Plots ....
+//
+plot(series = MagicTrend, color = TMColor, linewidth = 3, title = "Trend Magic")
+//
+// END Plots ....
+// 
+
+//
+// START Alerts ...
+//
+// END Alerts ...
+//
+
+//////////////////////////////////////////////////////
+// TODOS:
+// -------
+// - []  
+//////////////////////////////////////////////////////