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Range Identifier PineScript Code (version 6)

This document contains a Pine Script™ code for a trading indicator called 'Range Identifier'. It allows users to customize moving averages, ATR periods, and thresholds for identifying market ranges and generating buy/sell signals. The script includes options for background coloring and various moving average types to enhance visual analysis on trading charts.

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emotional.ghost.tas
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244 views3 pages

Range Identifier PineScript Code (version 6)

This document contains a Pine Script™ code for a trading indicator called 'Range Identifier'. It allows users to customize moving averages, ATR periods, and thresholds for identifying market ranges and generating buy/sell signals. The script includes options for background coloring and various moving average types to enhance visual analysis on trading charts.

Uploaded by

emotional.ghost.tas
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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// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.

0
at https://mozilla.org/MPL/2.0/
// © AlgoTrade_Pro

//@version=6
indicator('Range Identifier [ATP🤖]')

// Inputs
i_maSource = input(close, 'Source')
i_maType = input.string('WMA', 'MA Type', options = ['EMA', 'DEMA', 'TEMA', 'WMA',
'VWMA', 'SMA', 'SMMA', 'HMA', 'LSMA', 'Kijun', 'McGinley'])
i_maLen1 = input(8, 'MA Fast Length')
i_maLen2 = input(32, 'MA Slow Length')
i_atrLen1 = input(3, 'ATR Period 1')
i_atrLen2 = input(24, 'ATR Period 2')
i_treshold = input(false, 'Custom Treshold ? Default is Auto.')
i_custom = input.float(0.1, 'Custom Treshold', minval = 0.001)
i_showBG = input(true, 'Show Background Color?')

// Moving Averages
ma(type, src, len) =>
float result = 0
if type == 'SMA' // Simple
result := ta.sma(src, len)
result
if type == 'EMA' // Exponential
result := ta.ema(src, len)
result
if type == 'DEMA' // Double Exponential
e = ta.ema(src, len)
result := 2 * e - ta.ema(e, len)
result
if type == 'TEMA' // Triple Exponential
e = ta.ema(src, len)
result := 3 * (e - ta.ema(e, len)) + ta.ema(ta.ema(e, len), len)
result
if type == 'WMA' // Weighted
result := ta.wma(src, len)
result
if type == 'VWMA' // Volume Weighted
result := ta.vwma(src, len)
result
if type == 'SMMA' // Smoothed
w = ta.wma(src, len)
result := na(w[1]) ? ta.sma(src, len) : (w[1] * (len - 1) + src) / len
result
if type == 'RMA'
result := ta.rma(src, len)
result
if type == 'HMA' // Hull
result := ta.wma(2 * ta.wma(src, len / 2) - ta.wma(src, len),
math.round(math.sqrt(len)))
result
if type == 'LSMA' // Least Squares
result := ta.linreg(src, len, 0)
result
if type == 'Kijun' //Kijun-sen
kijun = math.avg(ta.lowest(len), ta.highest(len))
result := kijun
result
if type == 'McGinley'
mg = 0.0
mg := na(mg[1]) ? ta.ema(src, len) : mg[1] + (src - mg[1]) / (len *
math.pow(src / mg[1], 4))
result := mg
result
result

// Auto Set Treshold


float treshold = na
if timeframe.period == 'M' or timeframe.period == 'W'
treshold := 0.5
treshold
else
if timeframe.period == 'D'
treshold := 0.4
treshold
else
if timeframe.period == '240'
treshold := 0.14
treshold
else
if timeframe.period == '60'
treshold := 0.08
treshold
else
if timeframe.period == '30'
treshold := 0.05
treshold
else
if timeframe.period == '15'
treshold := 0.04
treshold
else
if timeframe.period == '5'
treshold := 0.02
treshold
else
if timeframe.period == '1'
treshold := 0.01
treshold

ma1 = 100 * (ma(i_maType, i_maSource, i_maLen1) - ma(i_maType, i_maSource,


i_maLen2)) * ta.atr(i_atrLen1) + 0.00001
ma2 = ma1 / ma(i_maType, i_maSource, i_maLen2) / ta.atr(i_atrLen2)
range_1 = (math.exp(2.0 * ma2) - 1.0) / (math.exp(2.0 * ma2) + 1.0)

// Plots
c_range = range_1 >= (i_treshold ? i_custom : treshold) ? color.lime : range_1 <= -
(i_treshold ? i_custom : treshold) ? color.red : color.gray
c_background = range_1 >= (i_treshold ? i_custom : treshold) ? color.lime : range_1
<= -(i_treshold ? i_custom : treshold) ? color.red : color.gray

plot(range_1, 'Range', c_range, 4, plot.style_line)


plot(i_treshold ? i_custom : treshold, 'Upper Treshold', color.new(color.gray, 0),
1, plot.style_circles)
plot(-(i_treshold ? i_custom : treshold), 'Lower Treshold', color.new(color.gray,
0), 1, plot.style_circles)
bgcolor(i_showBG ? c_background : na)

// Detect crossovers for signal generation


up = ta.crossover(range_1, i_treshold ? i_custom : treshold)
dn = ta.crossunder(range_1, -(i_treshold ? i_custom : treshold))

// Color definitions
color_up = color.green
color_dn = color.red

// Plot signals on the chart


plotshape(up, 'BUY Label', shape.triangleup, location.bottom, color_up, 0, 'BUY',
chart.fg_color, true, size.tiny, force_overlay = true)
plotshape(dn, 'SELL Label', shape.triangledown, location.top, color_dn, 0, 'SELL',
chart.fg_color, true, size.tiny, force_overlay = true)

// Color the background on signal occurrences


bgcolor(up ? color.new(color_up, 90) : na, force_overlay = true, editable = true)
bgcolor(dn ? color.new(color_dn, 90) : na, force_overlay = true, editable = true)

//End

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