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saherelm
2024-01-25 04:07:49 +03:30
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xSamples/indicators/vm.buy.sell.pine
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//Author - Vaibhav Mohale
study("vbm_Buy or Sell Signal", overlay = true)
Factor=input(3, minval=1,maxval = 100)
Pd=input(7, minval=1,maxval = 100)
Up=hl2-(Factor*atr(Pd))
Dn=hl2+(Factor*atr(Pd))
TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up
TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn
Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1)
MACD = Trend==1? TrendUp: TrendDown
linecolor = Trend == 1 ? blue : red
plot(MACD, color = linecolor , style = line , linewidth = 2,title = "B/S")
plotshape(cross(close,MACD) and close>MACD , "Up Arrow", shape.triangleup,location.belowbar,blue,0,0)
plotshape(cross(MACD,close) and close<MACD , "Down Arrow", shape.triangledown , location.abovebar, red,0,0)
//plot(Trend==1 and Trend[1]==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")
plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=blue, maxheight=40, minheight=30, transp=0)
plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=40, minheight=30, transp=0)