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Script 2

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230 views2 pages

Script 2

Uploaded by

CMR C
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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//@version=5

indicator("Current Week High/Low, Previous Day High/Low, Daily Open with Bollinger Bands",
shorttitle="Current Week High/Low & Prev HL & Daily Open", overlay=true)

// Current Week High and Low


currentWeekHigh = request.security(syminfo.tickerid, "W", high, lookahead=barmerge.lookahead_on)
currentWeekLow = request.security(syminfo.tickerid, "W", low, lookahead=barmerge.lookahead_on)

// Previous Day High and Low


prevDayHigh = request.security(syminfo.tickerid, "D", high[1], lookahead=barmerge.lookahead_on)
prevDayLow = request.security(syminfo.tickerid, "D", low[1], lookahead=barmerge.lookahead_on)

// Daily Open
dailyOpen = request.security(syminfo.tickerid, "D", open, lookahead=barmerge.lookahead_on)

// EMA
emaLength = input.int(20, minval=1, title="EMA Length")
ema = ta.ema(close, emaLength)

// Bollinger Bands
length = input.int(20, minval=1, title="Bollinger Bands Length")
src = close
mult = input.float(2.0, minval=0.001, maxval=50, title="Bollinger Bands StdDev")
basis = ta.sma(src, length)
dev = mult * ta.stdev(src, length)
upper = basis + dev
lower = basis - dev

// Determine bullish or bearish tilt


bullishTilt = basis > basis[1]
bearishTilt = basis < basis[1]

// Determine breakout conditions for previous day's high and low


breakoutConditionHigh = close > prevDayHigh
breakoutConditionLow = close < prevDayLow

// Change color based on breakout conditions


prevHighColor = breakoutConditionHigh ? color.green : color.blue
prevLowColor = breakoutConditionLow ? color.red : color.orange

// Determine color based on daily open's relationship with Bollinger Bands


openColor = dailyOpen > upper ? color.green : dailyOpen < lower ? color.red : color.black

// Determine color for EMA price coiling


coilingColor = ta.crossover(close, ema) ? color.purple : ta.crossunder(close, ema) ? color.yellow : color.black

// Plotting
plot(currentWeekHigh, color=color.green, style=plot.style_stepline, linewidth=2, title="Current Week High")
plot(currentWeekLow, color=color.red, style=plot.style_stepline, linewidth=2, title="Current Week Low")
plot(prevDayHigh, color=prevHighColor, style=plot.style_stepline, linewidth=2, title="Previous Day High")
plot(prevDayLow, color=prevLowColor, style=plot.style_stepline, linewidth=2, title="Previous Day Low")
plot(dailyOpen, color=openColor, style=plot.style_stepline, linewidth=2, title="Daily Open")
plot(upper, color=bullishTilt ? color.green : color.red, linewidth=2, title="Upper Bollinger Band")
plot(lower, color=bearishTilt ? color.red : color.green, linewidth=2, title="Lower Bollinger Band")
plot(basis, color=color.blue, linewidth=2, title="Bollinger Band Basis")
plot(ema, color=coilingColor, style=plot.style_line, linewidth=2, title="EMA Price Coiling")

t = time("1440", session.extended) // 1440=60*24 is the number of minutes in a whole day. You may use "0930-
1600" as second session parameter
//plot(t, style=linebr) // debug
is_first = na(t[1]) and not na(t) or t[1] < t
plotshape(is_first, color=color.red, style=shape.arrowdown)

var float day_high = na


var float day_low = na

if (is_first and barstate.isnew)


day_high := high
day_low := low
else
day_high := day_high[1]
day_low := day_low[1]

if (high > day_high)


day_high := high

if (low < day_low)


day_low := low

plot(day_high, color=color.lime)
plot(day_low, color=color.red)

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