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VMC A

The document is a Pine Script code for a trading indicator/strategy called "VMC A" (Very Market Cipher A). It includes functions and parameters to calculate and draw: - A WaveTrend oscillator and overbought/oversold levels - An 8 period EMA ribbon - RSI - An RSI+MFI indicator - Shape signals for long/short EMA crosses, red/blue crosses, red diamonds, bull candles, blood diamonds, and yellow crosses - Alerts are triggered for the different shape signals.

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Jeffrey Liwanag
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255 views3 pages

VMC A

The document is a Pine Script code for a trading indicator/strategy called "VMC A" (Very Market Cipher A). It includes functions and parameters to calculate and draw: - A WaveTrend oscillator and overbought/oversold levels - An 8 period EMA ribbon - RSI - An RSI+MFI indicator - Shape signals for long/short EMA crosses, red/blue crosses, red diamonds, bull candles, blood diamonds, and yellow crosses - Alerts are triggered for the different shape signals.

Uploaded by

Jeffrey Liwanag
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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//@version=4

// Thanks Dynausmaux for the code


// Based on Cipher_A from falconCoin https://www.tradingview.com/script/cAw5GEAB-
Market-Cipher-A-free-version-1-1/
// Thanks to LazyBear foor WaveTrend Oscillator
https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/
// I just added the red diamond, blood diamond and yellowX pattern, i dont know if
is exact but seems to be.
// Still need a lot of visual adjustments to look like market cipher A but it's an
attempt
study(title="VMC A", shorttitle="Cipher A", overlay=true)

// FUNCTIONS {

// WaveTrend
f_wavetrend(_src, _chlen, _avg, _malen) =>
_esa = ema(_src, _chlen)
_de = ema(abs(_src - _esa), _chlen)
_ci = (_src - _esa) / (0.015 * _de)
_tci = ema(_ci, _avg)
_wt1 = _tci
_wt2 = sma(_wt1, _malen)
[_wt1, _wt2]

// 8 EMA Ribbon
f_emaRibbon(_src, _e1, _e2, _e3, _e4, _e5, _e6, _e7, _e8) =>
_ema1 = ema(_src, _e1)
_ema2 = ema(_src, _e2)
_ema3 = ema(_src, _e3)
_ema4 = ema(_src, _e4)
_ema5 = ema(_src, _e5)
_ema6 = ema(_src, _e6)
_ema7 = ema(_src, _e7)
_ema8 = ema(_src, _e8)
[_ema1, _ema2, _ema3, _ema4, _ema5, _ema6, _ema7, _ema8]

f_rsimfi(_period, _multiplier, _tf) => security(syminfo.tickerid, _tf, sma(((close


- open) / (high - low)) * _multiplier, _period))

// } FUNCTIONS

// PARAMETERS {

// WaveTrend
wtChannelLen = input(9, title = 'WT Channel Length')
wtAverageLen = input(13, title = 'WT Average Length')
wtMASource = input(hlc3, title = 'WT MA Source')
wtMALen = input(3, title = 'WT MA Length')

// WaveTrend Overbought & Oversold lines


obLevel = input(53, title = 'WT Overbought Level 1')
obLevel2 = input(60, title = 'WT Overbought Level 2')
obLevel3 = input(100, title = 'WT Overbought Level 3')
osLevel = input(-53, title = 'WT Oversold Level 1')
osLevel2 = input(-60, title = 'WT Oversold Level 2')
osLevel3 = input(-80, title = 'WT Oversold Level 3')
// EMA Ribbon
showRibbon = input(true, "Show Ribbon")
ema1Len = input(5, title = "EMA 1 Length")
ema2Len = input(11, title = "EMA 2 Length")
ema3Len = input(15, title = "EMA 3 Length")
ema4Len = input(18, title = "EMA 4 Length")
ema5Len = input(21, title = "EMA 5 Length")
ema6Len = input(24, title = "EMA 6 Length")
ema7Len = input(28, title = "EMA 7 Length")
ema8Len = input(34, title = "EMA 8 Length")

// RSI
rsiSRC = input(close, title = "RSI Source")
rsiLen = input(14, title = "RSI Length")
rsiOversold = input(30, title = 'RSI Oversold', minval = 50, maxval = 100)
rsiOverbought = input(60, title = 'RSI Overbought', minval = 0, maxval = 50)

// RSI+MFI
rsiMFIShow = input(true, title = "Show RSI+MFI")
rsiMFIperiod = input(60, title = 'RSI+MFI Period')
rsiMFIMultiplier = input(150, title = 'RSI+MFI Area multiplier')

// }

// CALCULATE INDICATORS {

// EMA Ribbon
[ema1, ema2, ema3, ema4, ema5, ema6, ema7, ema8] = f_emaRibbon(close, ema1Len,
ema2Len, ema3Len, ema4Len, ema5Len, ema6Len, ema7Len, ema8Len)

// RSI
rsi = rsi(rsiSRC, rsiLen)

// Calculates WaveTrend
[wt1, wt2] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen)

// WaveTrend Conditions
wtOverSold = wt2 <= osLevel
wtOverBought = wt2 >= obLevel
wtCross = cross(wt1, wt2)
wtCrossUp = wt2 - wt1 <= 0
wtCrossDown = wt2 - wt1 >= 0

// RSI + MFI
rsiMFI = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, timeframe.period)

// Signals
longEma = crossover(ema2, ema8)
redCross = crossunder(ema1, ema2)
blueTriangle = crossover(ema2, ema3)
redDiamond = wtCross and wtCrossDown
yellowCross = redDiamond and wt2 < 45 and wt2 > osLevel3 and rsi < 30 and rsi > 15
and rsiMFI < -5
bloodDiamond = redDiamond and redCross
bullCandle = open > ema2 and open > ema8 and (close[1] > open[1]) and (close >
open) and not redDiamond and not redCross
shortEma = crossover(ema8, ema2)
// } CALCULATE INDICATORS

// DRAW {

// EMA Ribbon
ribbonDir = ema8 < ema2
colorEma = ribbonDir ? color.green : color.red
p1 = plot(ema1, color=showRibbon ? ribbonDir ? #1573d4 : color.gray : na,
linewidth=2, transp=15, title="EMA 1")
p2 = plot(ema2, color=showRibbon ? ribbonDir ? #3096ff : color.gray : na,
linewidth=2, transp=15, title="EMA 2")
plot(ema3, color=showRibbon ? ribbonDir ? #57abff : color.gray : na, linewidth=2,
transp=15, title="EMA 3")
plot(ema4, color=showRibbon ? ribbonDir ? #85c2ff : color.gray : na, linewidth=2,
transp=15, title="EMA 4")
plot(ema5, color=showRibbon ? ribbonDir ? #9bcdff : color.gray : na, linewidth=2,
transp=15, title="EMA 5")
plot(ema6, color=showRibbon ? ribbonDir ? #b3d9ff : color.gray : na, linewidth=2,
transp=15, title="EMA 6")
plot(ema7, color=showRibbon ? ribbonDir ? #c9e5ff : color.gray : na, linewidth=2,
transp=15, title="EMA 7")
plot(ema8, color=showRibbon ? ribbonDir ? #dfecfb : color.gray : na, linewidth=2,
transp=15, title="EMA 8")
p8 = plot(ema8, color=showRibbon ? na : colorEma, linewidth=2, transp=0, title="EMA
8")
fill(p1, p2, color = #1573d4, transp = 85)
fill(p2, p8, color = #363a45, transp = 85)

// SHAPES

plotshape(longEma, style=shape.circle, color=#00ff00, location=location.abovebar,


size=size.tiny, title="Long EMA Signal", transp=50)
plotshape(shortEma, style=shape.circle, color=#ff0000, location=location.abovebar,
size=size.tiny, title="Short EMA Signal", transp=50)
plotshape(redCross, style=shape.xcross, color=#ff0000, location=location.abovebar,
size=size.tiny, title="Red cross", transp=50)
plotshape(blueTriangle, style=shape.triangleup, color=#0064ff,
location=location.abovebar, size=size.small, title="Blue Triangle", transp=50)
plotshape(redDiamond, style=shape.diamond, color=#ff0000,
location=location.abovebar, size=size.tiny, title="Red Diamond", transp=25)
plotshape(bullCandle, style=shape.diamond, color=color.yellow,
location=location.abovebar, size=size.tiny, title="Bull candle", transp=75)
plotshape(bloodDiamond, style=shape.diamond, color=#ff0000,
location=location.abovebar, size=size.small, title="Blood Diamond", transp=15)
plotshape(yellowCross, style=shape.xcross, color=color.yellow,
location=location.abovebar, size=size.small, title="Yellow Cross", transp=25)
// } DRAW

// ALERTS {
alertcondition(redDiamond != 0, "Red Diamond", "Red Diamond")
alertcondition(bloodDiamond != 0, "Blood Diamond", "Blood Diamond")
alertcondition(yellowCross != 0, "YellowX", "YellowX")
alertcondition(redCross != 0, "RedX", "RedX")
alertcondition(longEma != 0, "Longema", "Longema")
alertcondition(blueTriangle != 0, "Bluetriangle", "Bluetriangle")
// } ALERTS

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