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Alpha Trend

AlphaTrend

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martiniemar1976
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123 views

Alpha Trend

AlphaTrend

Uploaded by

martiniemar1976
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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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// author © KivancOzbilgic
// developer © KivancOzbilgic
//@version=5
indicator('AlphaTrend', shorttitle='AT', overlay=true, format=format.price,
precision=2, timeframe='')
coeff = input.float(1, 'Multiplier', step=0.1)
AP = input(14, 'Common Period')
ATR = ta.sma(ta.tr, AP)
src = input(close)
showsignalsk = input(title='Show Signals?', defval=true)
novolumedata = input(title='Change calculation (no volume data)?', defval=false)
upT = low - ATR * coeff
downT = high + ATR * coeff
AlphaTrend = 0.0
AlphaTrend := (novolumedata ? ta.rsi(src, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ?
upT < nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : upT : downT > nz(AlphaTrend[1]) ?
nz(AlphaTrend[1]) : downT

color1 = AlphaTrend > AlphaTrend[2] ? #00E60F : AlphaTrend < AlphaTrend[2] ?


#80000B : AlphaTrend[1] > AlphaTrend[3] ? #00E60F : #80000B
k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3)
k2 = plot(AlphaTrend[2], color=color.new(#FC0400, 0), linewidth=3)

fill(k1, k2, color=color1)

buySignalk = ta.crossover(AlphaTrend, AlphaTrend[2])


sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend[2])

K1 = ta.barssince(buySignalk)
K2 = ta.barssince(sellSignalk)
O1 = ta.barssince(buySignalk[1])
O2 = ta.barssince(sellSignalk[1])

plotshape(buySignalk and showsignalsk and O1 > K2 ? AlphaTrend[2] * 0.9999 : na,


title='BUY', text='BUY', location=location.absolute, style=shape.labelup,
size=size.tiny, color=color.new(#0022FC, 0), textcolor=color.new(color.white, 0))

plotshape(sellSignalk and showsignalsk and O2 > K1 ? AlphaTrend[2] * 1.0001 : na,


title='SELL', text='SELL', location=location.absolute, style=shape.labeldown,
size=size.tiny, color=color.new(color.maroon, 0), textcolor=color.new(color.white,
0))

alertcondition(buySignalk and O1 > K2, title='Potential BUY Alarm', message='BUY


SIGNAL!')
alertcondition(sellSignalk and O2 > K1, title='Potential SELL Alarm',
message='SELL SIGNAL!')
alertcondition(buySignalk[1] and O1[1] > K2, title='Confirmed BUY Alarm',
message='BUY SIGNAL APPROVED!')
alertcondition(sellSignalk[1] and O2[1] > K1, title='Confirmed SELL Alarm',
message='SELL SIGNAL APPROVED!')

alertcondition(ta.cross(close, AlphaTrend), title='Price Cross Alert',


message='Price - AlphaTrend Crossing!')
alertcondition(ta.crossover(low, AlphaTrend), title='Candle CrossOver Alarm',
message='LAST BAR is ABOVE ALPHATREND')
alertcondition(ta.crossunder(high, AlphaTrend), title='Candle CrossUnder Alarm',
message='LAST BAR is BELOW ALPHATREND!')

alertcondition(ta.cross(close[1], AlphaTrend[1]), title='Price Cross Alert After


Bar Close', message='Price - AlphaTrend Crossing!')
alertcondition(ta.crossover(low[1], AlphaTrend[1]), title='Candle CrossOver Alarm
After Bar Close', message='LAST BAR is ABOVE ALPHATREND!')
alertcondition(ta.crossunder(high[1], AlphaTrend[1]), title='Candle CrossUnder
Alarm After Bar Close', message='LAST BAR is BELOW ALPHATREND!')

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