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Magicindicator

This document is a TradingView Pine Script that implements a Combined Range Filter and Impulse Safezone indicator. It includes functionalities for calculating smoothed ranges, generating buy and sell signals, and visualizing target bands and safe zones on price charts. The script utilizes various technical analysis techniques, including exponential moving averages and alert conditions for trading signals.

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bhosalevaishali575
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
49 views3 pages

Magicindicator

This document is a TradingView Pine Script that implements a Combined Range Filter and Impulse Safezone indicator. It includes functionalities for calculating smoothed ranges, generating buy and sell signals, and visualizing target bands and safe zones on price charts. The script utilizes various technical analysis techniques, including exponential moving averages and alert conditions for trading signals.

Uploaded by

bhosalevaishali575
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(title="Combined Range Filter + Impulse Safezone", shorttitle="Range +


Impulse", overlay=true)

// Color variables for Range Filter


upColor = color.white
midColor = #90bff9
downColor = color.blue

// Source
src = input(defval=close, title="Source")

// Sampling Period for Range Filter


per = input.int(defval=100, minval=1, title="Sampling Period")

// Range Multiplier for Range Filter


mult = input.float(defval=3.0, minval=0.1, title="Range Multiplier")

// Smooth Average Range function


smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ta.ema(math.abs(x - x[1]), t)
smoothrng = ta.ema(avrng, wper) * m
smoothrng

// Calculating smoothed range for Range Filter


smrng = smoothrng(src, per, mult)

// Range Filter logic


rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt[1]) ? x - r < nz(rngfilt[1]) ? nz(rngfilt[1]) : x - r
:
x + r > nz(rngfilt[1]) ? nz(rngfilt[1]) : x + r
rngfilt

filt = rngfilt(src, smrng)

// Filter Direction
upward = 0.0
upward := filt > filt[1] ? nz(upward[1]) + 1 : filt < filt[1] ? 0 : nz(upward[1])
downward = 0.0
downward := filt < filt[1] ? nz(downward[1]) + 1 : filt > filt[1] ? 0 :
nz(downward[1])

// Target Bands
hband = filt + smrng
lband = filt - smrng

// Colors for Range Filter


filtcolor = upward > 0 ? upColor : downward > 0 ? downColor : midColor
barcolor1 = src > filt and src > src[1] and upward > 0 ? upColor :
src > filt and src < src[1] and upward > 0 ? upColor :
src < filt and src < src[1] and downward > 0 ? downColor :
src < filt and src > src[1] and downward > 0 ? downColor : midColor

// Plot Range Filter


filtplot = plot(filt, color=filtcolor, linewidth=2, title="Range Filter")
// Plot Target Bands
hbandplot = plot(hband, color=color.new(upColor, 70), title="High Target")
lbandplot = plot(lband, color=color.new(downColor, 70), title="Low Target")

// Fill Target Bands


fill(hbandplot, filtplot, color=color.new(upColor, 90), title="High Target Range")
fill(lbandplot, filtplot, color=color.new(downColor, 90), title="Low Target Range")

// Bar Color for Range Filter


barcolor(barcolor1)

// Break Outs
longCond = bool(na)
shortCond = bool(na)
longCond := src > filt and src > src[1] and upward > 0 or
src > filt and src < src[1] and upward > 0
shortCond := src < filt and src < src[1] and downward > 0 or
src < filt and src > src[1] and downward > 0

CondIni = 0
CondIni := longCond ? 1 : shortCond ? -1 : CondIni[1]
longCondition = longCond and CondIni[1] == -1
shortCondition = shortCond and CondIni[1] == 1

// Alerts for Range Filter


plotshape(longCondition, title="Buy Signal", text="Buy", textcolor=color.white,
style=shape.labelup, size=size.small, location=location.belowbar,
color=color.new(#aaaaaa, 20))
plotshape(shortCondition, title="Sell Signal", text="Sell", textcolor=color.white,
style=shape.labeldown, size=size.small, location=location.abovebar,
color=color.new(downColor, 20))

alertcondition(longCondition, title="Buy alert on Range Filter", message="Buy alert


on Range Filter")
alertcondition(shortCondition, title="Sell alert on Range Filter", message="Sell
alert on Range Filter")
alertcondition(longCondition or shortCondition, title="Buy and Sell alert on Range
Filter", message="Buy and Sell alert on Range Filter")

// Impulse + Safezone
source = close
out22 = ta.ema(source, 13)
out3 = ta.ema(source, 26)
plot(out22, color=out22 > out22[1] ? color.green : color.red, linewidth=1,
title='Ema fast', transp=0)
plot(out3, color=color.new(#cc9900, 0), linewidth=1, title='Ema slow')

// Calculating for Impulse + Safezone


fast_ma = ta.ema(source, 12)
slow_ma = ta.ema(source, 26)
macd = fast_ma - slow_ma
signal = ta.ema(macd, 9)
hist = macd - signal
ema = ta.ema(source, 12)
elder_bulls = ema[0] > ema[1] and hist[0] > hist[1]
elder_bears = ema[0] < ema[1] and hist[0] < hist[1]
elder_color = elder_bulls ? color.green : elder_bears ? color.red : color.blue

// Bar Color for Impulse + Safezone


barcolor(elder_color)

// Safezone Calculations
lookbackLength = input(99, 'LookBackLength')
coeff = input.float(2, 'CoEff short stop', step=0.25)
countShort = high > high[1] ? 1 : 0
diffShort = high > high[1] ? high - high[1] : 0
totalCountShort = math.sum(countShort, lookbackLength)
totalSumShort = math.sum(diffShort, lookbackLength)
penAvgShort = totalSumShort / totalCountShort
safetyShort = high[1] + penAvgShort[1] * coeff
short_stop = math.min(math.min(safetyShort, safetyShort[1]), safetyShort[2])
count = low < low[1] ? 1 : 0
diff = low < low[1] ? low[1] - low : 0
totalCount = math.sum(count, lookbackLength)
totalSum = math.sum(diff, lookbackLength)
penAvg = totalSum / totalCount
safety = low[1] - penAvg[1] * coeff
long_stop = math.max(math.max(safety, safety[1]), safety[2])
shortvs = 0.0
shortvs := na(shortvs[1]) ? short_stop : close > shortvs[1] ? short_stop :
math.min(short_stop, shortvs[1])
longvs = 0.0
longvs := na(longvs[1]) ? long_stop : close < longvs[1] ? long_stop :
math.max(long_stop, longvs[1])

// Plot Safezone Stops


plot(longvs[1], color=color.new(color.red, 0), style=plot.style_circles,
linewidth=1, title='Stop for Longs-Sell Signal')
plot(shortvs[1], color=color.new(color.blue, 0), style=plot.style_circles,
linewidth=1, title='Stop for Shorts-Buy Signal')

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