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Value Com Seta

This document defines an indicator for a value chart that plots normalized candlesticks and signals. It takes in parameters for time period, extreme levels, significant levels and fair value levels. It calculates normalized values, plots the candlesticks and draws horizontal reference lines and shapes for signals.

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Maycon maycon
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52 views2 pages

Value Com Seta

This document defines an indicator for a value chart that plots normalized candlesticks and signals. It takes in parameters for time period, extreme levels, significant levels and fair value levels. It calculates normalized values, plots the candlesticks and draws horizontal reference lines and shapes for signals.

Uploaded by

Maycon maycon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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instrument {

name = ' Value Chart',


icon = 'indicators:@INDICADORESGRATIS',
overlay = false
}

function prev(s,i)
y=abs(round(i))
return s[y]
end
input_group { "CALL", call_color = input{ default="yellow", type = input.color} }
input_group { "PUT", put_color = input{ default="yellow", type = input.color} }
length = input(5, "Numero de Velas")
extTop = input(12, "Extreme Level Top")
extBot = input(-12, "Extreme Level Bottom")
sigTop = input(8, "Significant Level Top")
sigBot = input(-8, "Significant Level Bottom")
fairTop = input(4, "Fair Value Top")
fairBot = input(-4, "Fair Value Bottom")

varp = round(length/5)
h_f = length > 7

vara= h_f and highest(high,varp)-lowest(low,varp) or 0


varr1 = h_f and iff(vara==0 and varp==1,abs(close-prev(close,-varp)),vara) or 0
varb=h_f and prev(highest(high,varp),-varp+1)-prev(lowest(low,varp),-varp) or 0
varr2 = h_f and iff(varb==0 and varp==1,abs( prev(close,-varp)-prev(close,-
varp*2) ),varb) or 0
varc=h_f and prev(highest(high,varp),-varp*2)-prev(lowest(low,varp),-varp*2) or 0
varr3 = h_f and iff(varc == 0 and varp==1,abs(prev(close,-varp*2)-prev(close,-
varp*3)),varc) or 0
vard = h_f and prev(highest(high,varp),-varp*3)-prev(lowest(low,varp),-varp*3) or 0
varr4 = h_f and iff(vard == 0 and varp==1,abs(prev(close,-varp*3)-prev(close,-
varp*4)),vard) or 0
vare = h_f and prev(highest(high,varp),-varp*4)-prev(lowest(low,varp),-varp*4) or 0
varr5 = h_f and iff(vare == 0 and varp==1,abs(prev(close,-varp*4)-prev(close,-
varp*5)),vare) or 0
cdelta = abs(close - prev(close,-1))
var0 = (not h_f) and iff((cdelta > (high-low)) or (high==low),cdelta,(high-low)) or
0
lrange=h_f and ((varr1+varr2+varr3+varr4+varr5)/5)*.2 or sma(var0,5)*.2

mba = sma( (high+low)/2,length)


vopen = (open- mba)/lrange
vhigh = (high-mba)/lrange
vlow = (low-mba)/lrange
vclose = (close-mba)/lrange

colorr = open > close and "red" or "green"

plot_candle {
open = vopen,
high = vhigh,
low = vlow,
close = vclose,
candle_color = colorr
}

hline(extTop,"","red")
hline(extBot,"","green")
hline(sigTop,"","red")
hline(sigBot,"","green")
hline(fairTop,"","red")
hline(fairBot,"","green")

plot_shape((vhigh >= extTop), "PUT", shape_style.triangledown,


shape_size.auto, put_color, shape_location.abovebar, 0, "PUT",
put_color)

plot_shape((vlow <= extBot), "CALL", shape_style.triangleup, shape_size.auto,


call_color, shape_location.belowbar, 0, "CALL", call_color)

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