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Script PH

This document defines an indicator that normalizes price data (open, high, low, close) by a moving average and volatility range to plot a candlestick chart. It sets extreme, significant and fair value levels as horizontal lines, and colors candles red or green depending on if the close is above or below the open. The indicator takes in parameters for number of bars, extreme levels, significant levels, and fair value levels.

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Mateus Proinelli SC
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144 views2 pages

Script PH

This document defines an indicator that normalizes price data (open, high, low, close) by a moving average and volatility range to plot a candlestick chart. It sets extreme, significant and fair value levels as horizontal lines, and colors candles red or green depending on if the close is above or below the open. The indicator takes in parameters for number of bars, extreme levels, significant levels, and fair value levels.

Uploaded by

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

name = 'SUPORTE RESISTENCIA DIFERENCIADO',

icon = 'indicators:BelkhayateTiming',

overlay = false

function prev(s,i)

y=abs(round(i))

return s[y]

end

length = input(5, "Numero de Velas")

extTop = input(10, "Extreme Level Top")

extBot = input(-10, "Extreme Level Bottom")

sigTop = input(9, "Significant Level Top")

sigBot = input(-9, "Significant Level Bottom")

fairTop = input(9, "Fair Value Top")

fairBot = input(-9, "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,""," yellow ")

hline(sigBot,"","blue")

hline(fairTop,"","yellow")

hline(fairBot,""," yellow ")

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