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