117 lines
3.9 KiB
Plaintext
117 lines
3.9 KiB
Plaintext
///////////////////////////////////////////////////////
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//
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// SaherElm IT Center Chandelier Exit
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// ---------------------------------------------
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// saherelm implementation of above indicator ...
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//
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// Maintainer:
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// ------------
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// Hadi Khazaee Asl (hadi_khazaee_asl@yahoo.com)
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//
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//////////////////////////////////////////////////////
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//
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//@version=5
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indicator(title="SaherElm Chandelier Exit Indicator", shorttitle = "XS_CE_IND", overlay = true)
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//
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// START Inputs ....
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//
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//
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var string XCECalcGroup = 'Calculation'
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XCELength = input.int(title='ATR Period', defval=22, group=XCECalcGroup)
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XCEMult = input.float(title='ATR Multiplier', step=0.1, defval=3.0, group=XCECalcGroup)
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XCEUseClose = input.bool(title='Use Close Price for Extremums', defval=true, group=XCECalcGroup)
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//
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var string XCEVisualGroup = 'Visuals'
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XCEShowLabels = input.bool(title='Show Buy/Sell Labels', defval=true, group=XCEVisualGroup)
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XCEHighlightState = input.bool(title='Highlight State', defval=true, group=XCEVisualGroup)
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//
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// END Inputs ....
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//
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//
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// START Functions ....
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//
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//
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//
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// END Functions ....
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//
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//
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// START Calculations ....
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//
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//
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// Calculate ATR Value ...
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XCEAtr = XCEMult * ta.atr(XCELength)
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//
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// Long Calculations ...
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XCELongStop = (XCEUseClose ? ta.highest(close, XCELength) : ta.highest(XCELength)) - XCEAtr
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XCELongStopPrev = nz(XCELongStop[1], XCELongStop)
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XCELongStop := close[1] > XCELongStopPrev ? math.max(XCELongStop, XCELongStopPrev) : XCELongStop
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//
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// Short Calculations ...
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XCEShortStop = (XCEUseClose ? ta.lowest(close, XCELength) : ta.lowest(XCELength)) + XCEAtr
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XCEShortStopPrev = nz(XCEShortStop[1], XCEShortStop)
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XCEShortStop := close[1] < XCEShortStopPrev ? math.min(XCEShortStop, XCEShortStopPrev) : XCEShortStop
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//
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// Calculate Current Direction ...
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var int XCEDir = 1
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XCEDir := close > XCEShortStopPrev ? 1 : close < XCELongStopPrev ? -1 : XCEDir
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//
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// Calculate Signals ...
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XCEBuySignal = XCEDir == 1 and XCEDir[1] == -1
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XCESellSignal = XCEDir == -1 and XCEDir[1] == 1
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//
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// Calculate Colors ...
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var color XCELongColor = color.green
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var color XCEShortColor = color.red
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var color XCELongFillColor = color.new(color.green, 90)
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var color XCEShortFillColor = color.new(color.red, 90)
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var color XCETextColor = color.new(color.white, 0)
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XCELongStateFillColor = XCEHighlightState ? XCEDir == 1 ? XCELongFillColor : na : na
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XCEShortStateFillColor = XCEHighlightState ? XCEDir == -1 ? XCEShortFillColor : na : na
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//
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// END Calculations ....
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//
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//
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// START Plots ....
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//
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//
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// Long Plots ...
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XCELongStopPlot = plot(XCEDir == 1 ? XCELongStop : na, title='Long Stop', style=plot.style_linebr, linewidth=2, color=color.new(XCELongColor, 0))
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plotshape(XCEBuySignal ? XCELongStop : na, title='Long Stop Start', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(XCELongColor, 0))
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plotshape(XCEBuySignal and XCEShowLabels ? XCELongStop : na, title='Buy Label', text='Buy', location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(XCELongColor, 0), textcolor=XCETextColor)
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//
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// Short Plots ...
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XCEShortStopPlot = plot(XCEDir == 1 ? na : XCEShortStop, title='Short Stop', style=plot.style_linebr, linewidth=2, color=color.new(XCEShortColor, 0))
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plotshape(XCESellSignal ? XCEShortStop : na, title='Short Stop Start', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(XCEShortColor, 0))
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plotshape(XCESellSignal and XCEShowLabels ? XCEShortStop : na, title='Sell Label', text='Sell', location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(XCEShortColor, 0), textcolor=XCETextColor)
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//
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// Filling Long and Short ...
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XCEMidPricePlot = plot(ohlc4, title='', style=plot.style_circles, linewidth=0, display=display.none, editable=false)
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fill(XCEMidPricePlot, XCELongStopPlot, title='Long State Filling', color=XCELongStateFillColor)
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fill(XCEMidPricePlot, XCEShortStopPlot, title='Short State Filling', color=XCEShortStateFillColor)
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//
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// END Plots ....
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//
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//
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// START Alerts ...
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//
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// END Alerts ...
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//
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