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Barcolor Superb

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originspica
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13 views2 pages

Barcolor Superb

Uploaded by

originspica
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=5

indicator("QQE SMART2 Enhanced with Invisible Baseline", overlay=true)

// Initialize trade variables


var float entryPrice = na
var float exitPrice = na
var float profitLoss = na
var bool inTrade = false
var string tradeSignal = ""

// Input parameters
RSI_Period = input.int(14, title='RSI Length')
SF = input.int(14, title='RSI Smoothing')
QQE = input.float(4.618, title='Fast QQE Factor')
ThreshHold = input.float(3, title="Thresh-hold")

// Invisible value line parameters


lookBackPeriod = input.int(20, title="Lookback Period for Invisible Line") // User-
defined lookback period
invisibleValueLine = close - ta.sma(close, lookBackPeriod)

// Plot color options


showColoring = input.bool(true, title="Enable Coloring")

// Define MA function
ma(type, src, len) =>
switch type
"SMA" => ta.sma(src, len)
"EMA" => ta.ema(src, len)
"DEMA" =>
e = ta.ema(src, len)
2 * e - ta.ema(e, len)
"TEMA" =>
e = ta.ema(src, len)
3 * (e - ta.ema(e, len)) + ta.ema(ta.ema(e, len), len)
"WMA" => ta.wma(src, len)
"VWMA" => ta.vwma(src, len)

// Calculate QQE
src = close
Wilders_Period = RSI_Period * 2 - 1
Rsi = ta.rsi(src, RSI_Period)
RsiMa = ma("EMA", Rsi, SF)
AtrRsi = math.abs(RsiMa[1] - RsiMa)
MaAtrRsi = ma("EMA", AtrRsi, Wilders_Period)
dar = ma("EMA", MaAtrRsi, Wilders_Period) * QQE

// Initialize longband and shortband


var float longband = na
var float shortband = na
var int trend = na

DeltaFastAtrRsi = dar
RSIndex = RsiMa
newshortband = RSIndex + DeltaFastAtrRsi
newlongband = RSIndex - DeltaFastAtrRsi

longband := (RSIndex[1] > longband[1] and RSIndex > longband[1]) ?


math.max(longband[1], newlongband) : newlongband
shortband := (RSIndex[1] < shortband[1] and RSIndex < shortband[1]) ?
math.min(shortband[1], newshortband) : newshortband

// Calculate cross values


cross_1 = ta.cross(longband[1], RSIndex)
cross_to_shortband = ta.cross(RSIndex, shortband[1])

// Assign values to trend


trend := na(trend[1]) ? na : (cross_to_shortband ? 1 : (cross_1 ? -1 : trend[1]))

FastAtrRsiTL = trend == 1 ? longband : shortband

// Define buy/sell conditions using invisible value line


buyCondition = ta.cross(RsiMa, longband) and trend == -1 and invisibleValueLine > 0
sellCondition = ta.cross(shortband, RSIndex) and trend == 1 and invisibleValueLine
< 0

// Track trades and calculate profit/loss


if (buyCondition and not inTrade)
entryPrice := close
inTrade := true
tradeSignal := "BUY"
exitPrice := na
profitLoss := na

if (sellCondition and inTrade)


exitPrice := close
profitLoss := exitPrice - entryPrice
inTrade := false
tradeSignal := "SELL"

// Plot buy/sell signals


plotshape(series=buyCondition ? close : na, location=location.belowbar,
color=color.fuchsia, style=shape.triangleup, size=size.small, title="Buy Signal")
plotshape(series=sellCondition ? close : na, location=location.abovebar,
color=color.red, style=shape.triangledown, size=size.small, title="Sell Signal")

// Create a small chart for trade results


var table tradeTable = table.new(position.bottom_right, 1, 3, border_width=1)

// Update table with trade details


if (not na(entryPrice) and not inTrade)
table.cell(tradeTable, 0, 0, text="Buy Price: " + str.tostring(entryPrice),
bgcolor=color.green, text_color=color.white)
table.cell(tradeTable, 0, 1, text="Sell Price: " + str.tostring(exitPrice),
bgcolor=color.red, text_color=color.white)
table.cell(tradeTable, 0, 2, text="Profit/Loss: " + str.tostring(profitLoss),
bgcolor=profitLoss >= 0 ? color.green : color.red, text_color=color.white)

// Bar Color Logic


bgc = RsiMa - 50 > ThreshHold ? color.green : RsiMa - 50 < 0 - ThreshHold ?
color.red : color.orange
barcolor(bgc)

// Plot Invisible Value Line for Debugging


plot(invisibleValueLine, color=color.new(color.blue, 100), title="Invisible Value
Line") // Adjust transparency to make it invisible

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