20 lines
939 B
Plaintext
20 lines
939 B
Plaintext
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
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// © KivancOzbilgic
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//@version=4
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study("Trend Magic", shorttitle="TM", overlay=true, format=format.price, precision=2, resolution="")
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period=input(20,"CCI period")
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coeff=input(1,"ATR Multiplier")
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AP=input(5,"ATR Period")
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ATR=sma(tr,AP)
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src=input(close)
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upT=low-ATR*coeff
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downT=high+ATR*coeff
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MagicTrend=0.0
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MagicTrend := cci(src,period)>=0 ? (upT<nz(MagicTrend[1]) ? nz(MagicTrend[1]) : upT) : (downT>nz(MagicTrend[1]) ? nz(MagicTrend[1]) : downT)
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color1= cci(src,period)>=0 ? #0022FC : #FC0400
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plot(MagicTrend, color=color1, linewidth=3)
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alertcondition(cross(close, MagicTrend), title="Cross Alert", message="Price - MagicTrend Crossing!")
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alertcondition(crossover(low, MagicTrend), title="CrossOver Alarm", message="BUY SIGNAL!")
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alertcondition(crossunder(high, MagicTrend), title="CrossUnder Alarm", message="SELL SIGNAL!")
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