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Ajju-Up and Down Trading Signal

This document defines a study for analyzing financial data using technical indicators like PSAR, EMA, HMA and ATR zones. It inputs parameters for the indicators and plots the results on a chart along with bar coloring based on the indicator values.

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Ajay Twitter
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109 views

Ajju-Up and Down Trading Signal

This document defines a study for analyzing financial data using technical indicators like PSAR, EMA, HMA and ATR zones. It inputs parameters for the indicators and plots the results on a chart along with bar coloring based on the indicator values.

Uploaded by

Ajay Twitter
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

study(title="Ajju", shorttitle="Ajju", overlay=true)

pSARbeginningValue = input(2, minval=0, maxval=10, title="PSAR Beginning Value")


pSARendValue = input(2, minval=1, maxval=10, title="PSAR End Value")
pSARmultiplierValue = input(2, minval=0, maxval=10, title=" PSAR Multiplier Value"
)

pSARbeginningMethod = pSARbeginningValue * .01


pSARendMethod = pSARendValue * .10
pSARmultiplierMethod = pSARmultiplierValue * .01

pSAR_UpValue = sar(pSARbeginningMethod, pSARmultiplierMethod,


pSARendMethod)
pSAR_DownValue = sar(pSARbeginningMethod, pSARmultiplierMethod,
pSARendMethod)

pSAR_UpColor = close >= pSAR_DownValue ? color.green : na


pSAR_DownColor = close <= pSAR_UpValue ? color.red : na

plot(pSAR_UpValue ? pSAR_UpValue : na, style=plot.style_circles,


color=pSAR_UpColor, linewidth=1, title="Upside PSAR")
plot(pSAR_DownValue ? pSAR_DownValue : na, style=plot.style_circles,
color=pSAR_DownColor, linewidth=1, title="Downside PSAR")

zoneSource = input(hl2, title="Source")


zoneLength = input(type=input.integer, defval=10, title="ATR Zone Length")
zoneMultiplier = input(type=input.float, defval=3.0, step=0.1, title="ATR Zone
Multiplier")
zoneATR = atr(zoneLength)

downZone =zoneSource+(zoneMultiplier*zoneATR)
downZoneNew = nz(downZone[1], downZone)
downZone := close[1] < downZoneNew ? min(downZone, downZoneNew) : downZone
upZone =zoneSource-(zoneMultiplier*zoneATR)
upZoneNew = nz(upZone[1],upZone)
upZone := close[1] > upZoneNew ? max(upZone,upZoneNew) : upZone

zoneDecider = 1
zoneDecider := nz(zoneDecider[1], zoneDecider)
zoneDecider := zoneDecider == -1 and close > downZoneNew ? 1 : zoneDecider == 1
and close < upZoneNew ? -1 : zoneDecider

redZone = zoneDecider == -1 and zoneDecider[1] == 1


greenZone = zoneDecider == 1 and zoneDecider[1] == -1
downZoneColor = (zoneDecider == -1 ? color.red : color.gray)
upZoneColor = (zoneDecider == 1 ? color.green : color.gray)

downZonePlot = plot(zoneDecider == 1 ? na : downZone, style=plot.style_linebr,


linewidth=2, color=color.red, title="Down Zone")

plotshape(redZone ? downZone : na, location=location.absolute, style=shape.diamond,


size=size.tiny, color=color.red, transp=0, title="Down Zone Start")
plotshape(redZone? downZone : na, location=location.absolute,
style=shape.labeldown, size=size.tiny, color=color.red, textcolor=color.white,
transp=0, title="Down", text="Down")

upZonePlot = plot(zoneDecider == 1 ? upZone : na, style=plot.style_linebr,


linewidth=2, color=color.green, title="Up Zone")

plotshape(greenZone ? upZone : na, location=location.absolute, style=shape.diamond,


size=size.tiny, color=color.green, transp=0, title="Up Zone Start")
plotshape(greenZone ? upZone : na, location=location.absolute, style=shape.labelup,
size=size.tiny, color=color.green, textcolor=color.white, transp=0, title="Up",
text="Up")

neutralZonePlot = plot(ohlc4, style=plot.style_circles, linewidth=0, title="Zone


Style")
fill(neutralZonePlot, downZonePlot, color=downZoneColor, title="Down Zone Color")
fill(neutralZonePlot, upZonePlot, color=upZoneColor, title="Up Zone Color")

emaLowerPeriod = input(9, minval=1, title="EMA Lower Period")

emaLower = ema(input(close), emaLowerPeriod)

plot(emaLower, color=color.fuchsia, linewidth=2, title="EMA Lower Period")

showEMA2 = input(false, title="EMA - Medium Term")

emaMediumPeriod = input(27, minval=1, title="EMA Medium Period")

emaMedium = ema(input(close), emaMediumPeriod)

plot(showEMA2 and emaMedium ? emaMedium : na, color=color.aqua, linewidth=2,


title="EMA Medium Period")

hmaLongPeriod = input(200, minval=1, title="HMA Long Period")

hmaLong = hma(input(close), hmaLongPeriod)

plot(hmaLong, color=color.gray, linewidth=2, title="HMA Long Period")

//Bcolor
isCloseAbove = (close > emaLower and close > hmaLong)
isCloseBelow = (close < emaLower and close < hmaLong)
isCloseBetween = (close > emaLower and close < hmaLong) or (close < emaLower and
close > hmaLong)
//isBullish = (close > upZone)
//isBearish = (close < downZone)

isNeutral = (close > pSAR_DownValue and isCloseBelow) or (close < pSAR_DownValue


and isCloseAbove)

//barcolor((isNeutral or isCloseBetween) ? color.yellow: (isCloseBelow and


isBearish) ? color.red: (isCloseBelow and isBullish) ? color.orange: (isCloseAbove
and isBearish) ? color.lime: (isCloseAbove and isBullish) ? color.green :
color.black )

barcolor((isNeutral or isCloseBetween) ? color.yellow: isCloseBelow ? color.red:


isCloseAbove ? color.green: color.black)

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