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January 27, 2021 11:53
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VuManChu B Divergences
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| //@version=4 | |
| ''' | |
| Quick explanation from "Market Cipher - what is just a closed source of this script with alerts. (DO NOT PAY 1.500$ JUST FOR ALERT FUNCTION!)" | |
| Market Cipher B is an all-in-one oscillator allowing for more quality indications than ever before. | |
| It combines five algorithms (some well-known, some custom) that have all been fine-tuned and smoothed for optimal analysis and trading results. | |
| When all of the algorithms converge, Market Cipher B will project a “Green Dot” which will aid you in longing the dips in bull markets as well as temporarily exiting shorts in bear markets. | |
| The Green Dot is often accompanied by extreme sellers’ momentum and will warn you of potential market bottoms, giving you strong hands even when the night is at its darkest. | |
| Market Cipher B certainly excels on the small time frames, but is a particularly deadly tool for isolating large swings in the market. | |
| Key Features: | |
| 6 Oscillators optimized and consolidated into one | |
| Green dot market bottoms | |
| Ultimate market barometer and trade initiator | |
| Recommended candles: heiken ashi or standard candlesticks | |
| Primary Triggers: | |
| Green Dots – Leading buy signals that excel in sideways and upwards trends. | |
| Blue Waves – You are looking for overbought and oversold readings for the most part here, but to get the most out of these waves, learn how to spot divergent price action which often foreshadows a future price move. | |
| Yellow VWAP – We have incorporated the VWAP into an oscillator. It is the easiest algorithm on B to read. When it crosses up, you are long until the next cross down. When it crosses down, you are short until the next cross up. | |
| Secondary Triggers: | |
| MFI – The custom Money Flow oscillator gives a great visual of market conditions. When it is green, we say the grass is growing, the Bulls are grazing, and the strategy is to buy dips. | |
| When the MFI is red, buyers are dead, and the prevailing strategy is to short the peaks. You can filter many bad trades by paying attention to the MFI. | |
| RSI – The RSI misses many opportunities on its own, but when used in tandem the other oscillators in B, can provide an extra layer of confidence via overbought and oversold readings. | |
| Stochastic RSI – The Stochastic RSI is an indicator of an indicator. When it crosses the regular RSI, it paints green or red, signaling a bullish or bearish cross. | |
| No more manual scanning for RSI crosses! These events have greater importance on higher timeframes where the Stochastic RSI often paints red or green for weeks or months at a time. | |
| When the change in color finally occurs, that can be a strong indication to long or short. | |
| ''' | |
| // Thanks to dynausmaux for the code.. | |
| // Thanks to falconCoin for https://www.tradingview.com/script/KVfgBvDd-Market-Cipher-B-Free-version-with-Buy-and-sell/ inspired me to start this. | |
| // Thanks to LazyBear for WaveTrend Oscillator https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/ | |
| // Thanks to RicardoSantos for https://www.tradingview.com/script/3oeDh0Yq-RS-Price-Divergence-Detector-V2/ | |
| // Thanks to LucemAnb for Plain Stochastic Divergence https://www.tradingview.com/script/FCUgF8ag-Plain-Stochastic-Divergence/ | |
| // Thanks to andreholanda73 for MFI+RSI Area https://www.tradingview.com/script/UlGZzUAr/ | |
| // I especially thanks to TradingView for its platform that facilitates development and learning. | |
| // | |
| // CIRCLES & TRIANGLES: | |
| // - LITTLE CIRCLE: They appear at all WaveTrend wave crossings. | |
| // - GREEN CIRCLE: The wavetrend waves are at the oversold level and have crossed up (bullish). | |
| // - RED CIRCLE: The wavetrend waves are at the overbought level and have crossed down (bearish). | |
| // - GOLD/ORANGE CIRCLE: When RSI is below 20, WaveTrend waves are below or equal to -80 and have crossed up after good bullish divergence (DONT BUY WHEN GOLD CIRCLE APPEAR). | |
| // - None of these circles are certain signs to trade. It is only information that can help you. | |
| // - PURPLE TRIANGLE: Appear when a bullish or bearish divergence is formed and WaveTrend waves crosses at overbought and oversold points. | |
| // | |
| // NOTES: | |
| // - I am not an expert trader or know how to program pine script as such, in fact it is my first indicator only to study and all the code is copied and modified from other codes that are published in TradingView. | |
| // - I am very grateful to the entire TV community that publishes codes so that other newbies like me can learn and present their results. This is an attempt to imitate Market Cipher B. | |
| // - Settings by default are for 4h timeframe, divergences are more stronger and accurate. Haven't tested in all timeframes, only 2h and 4h. | |
| // - If you get an interesting result in other timeframes I would be very grateful if you would comment your configuration to implement it or at least check it. | |
| // | |
| // CONTRIBUTIONS: | |
| // - Tip/Idea: Add higher timeframe analysis for bearish/bullish patterns at the current timeframe. | |
| // + Bearish/Bullish FLAG: | |
| // - MFI+RSI Area are RED (Below 0). | |
| // - Wavetrend waves are above 0 and crosses down. | |
| // - VWAP Area are below 0 on higher timeframe. | |
| // - This pattern reversed becomes bullish. | |
| // - Tip/Idea: Check the last heikinashi candle from 2 higher timeframe | |
| // + Bearish/Bullish DIAMOND: | |
| // - HT Candle is red | |
| // - WT > 0 and crossed down | |
| study(title = 'VuManChu B Divergences', shorttitle = 'VMC Cipher_B_Divergences') | |
| // PARAMETERS { | |
| // WaveTrend | |
| wtShow = input(true, title = 'Show WaveTrend', type = input.bool) | |
| wtBuyShow = input(true, title = 'Show Buy dots', type = input.bool) | |
| wtGoldShow = input(true, title = 'Show Gold dots', type = input.bool) | |
| wtSellShow = input(true, title = 'Show Sell dots', type = input.bool) | |
| wtDivShow = input(true, title = 'Show Div. dots', type = input.bool) | |
| vwapShow = input(true, title = 'Show Fast WT', type = input.bool) | |
| wtChannelLen = input(9, title = 'WT Channel Length', type = input.integer) | |
| wtAverageLen = input(12, title = 'WT Average Length', type = input.integer) | |
| wtMASource = input(hlc3, title = 'WT MA Source', type = input.source) | |
| wtMALen = input(3, title = 'WT MA Length', type = input.integer) | |
| // WaveTrend Overbought & Oversold lines | |
| obLevel = input(53, title = 'WT Overbought Level 1', type = input.integer) | |
| obLevel2 = input(60, title = 'WT Overbought Level 2', type = input.integer) | |
| obLevel3 = input(100, title = 'WT Overbought Level 3', type = input.integer) | |
| osLevel = input(-53, title = 'WT Oversold Level 1', type = input.integer) | |
| osLevel2 = input(-60, title = 'WT Oversold Level 2', type = input.integer) | |
| osLevel3 = input(-100, title = 'WT Oversold Level 3', type = input.integer) | |
| // Divergence WT | |
| wtShowDiv = input(true, title = 'Show WT Regular Divergences', type = input.bool) | |
| wtShowHiddenDiv = input(false, title = 'Show WT Hidden Divergences', type = input.bool) | |
| showHiddenDiv_nl = input(true, title = 'Not apply OB/OS Limits on Hidden Divergences', type = input.bool) | |
| wtDivOBLevel = input(45, title = 'WT Bearish Divergence min', type = input.integer) | |
| wtDivOSLevel = input(-65, title = 'WT Bullish Divergence min', type = input.integer) | |
| // Divergence extra range | |
| wtDivOBLevel_addshow = input(true, title = 'Show 2nd WT Regular Divergences', type = input.bool) | |
| wtDivOBLevel_add = input(15, title = 'WT 2nd Bearish Divergence', type = input.integer) | |
| wtDivOSLevel_add = input(-40, title = 'WT 2nd Bullish Divergence 15 min', type = input.integer) | |
| // RSI+MFI | |
| rsiMFIShow = input(true, title = 'Show MFI', type = input.bool) | |
| rsiMFIperiod = input(60,title = 'MFI Period', type = input.integer) | |
| rsiMFIMultiplier = input(175, title = 'MFI Area multiplier', type = input.float) | |
| rsiMFIPosY = input(2.5, title = 'MFI Area Y Pos', type = input.float) | |
| // RSI | |
| rsiShow = input(false, title = 'Show RSI', type = input.bool) | |
| rsiSRC = input(close, title = 'RSI Source', type = input.source) | |
| rsiLen = input(14, title = 'RSI Length', type = input.integer) | |
| rsiOversold = input(30, title = 'RSI Oversold', minval = 50, maxval = 100, type = input.integer) | |
| rsiOverbought = input(60, title = 'RSI Overbought', minval = 0, maxval = 50, type = input.integer) | |
| // Divergence RSI | |
| rsiShowDiv = input(false, title = 'Show RSI Regular Divergences', type = input.bool) | |
| rsiShowHiddenDiv = input(false, title = 'Show RSI Hidden Divergences', type = input.bool) | |
| rsiDivOBLevel = input(60, title = 'RSI Bearish Divergence min', type = input.integer) | |
| rsiDivOSLevel = input(30, title = 'RSI Bullish Divergence min', type = input.integer) | |
| // RSI Stochastic | |
| stochShow = input(true, title = 'Show Stochastic RSI', type = input.bool) | |
| stochUseLog = input(true, title=' Use Log?', type = input.bool) | |
| stochAvg = input(false, title='Use Average of both K & D', type = input.bool) | |
| stochSRC = input(close, title = 'Stochastic RSI Source', type = input.source) | |
| stochLen = input(14, title = 'Stochastic RSI Length', type = input.integer) | |
| stochRsiLen = input(14, title = 'RSI Length ', type = input.integer) | |
| stochKSmooth = input(3, title = 'Stochastic RSI K Smooth', type = input.integer) | |
| stochDSmooth = input(3, title = 'Stochastic RSI D Smooth', type = input.integer) | |
| // Divergence stoch | |
| stochShowDiv = input(false, title = 'Show Stoch Regular Divergences', type = input.bool) | |
| stochShowHiddenDiv = input(false, title = 'Show Stoch Hidden Divergences', type = input.bool) | |
| // Schaff Trend Cycle | |
| tcLine = input(false, title="Show Schaff TC line", type=input.bool) | |
| tcSRC = input(close, title = 'Schaff TC Source', type = input.source) | |
| tclength = input(10, title="Schaff TC", type=input.integer) | |
| tcfastLength = input(23, title="Schaff TC Fast Lenght", type=input.integer) | |
| tcslowLength = input(50, title="Schaff TC Slow Length", type=input.integer) | |
| tcfactor = input(0.5, title="Schaff TC Factor", type=input.float) | |
| // Sommi Flag | |
| sommiFlagShow = input(false, title = 'Show Sommi flag', type = input.bool) | |
| sommiShowVwap = input(false, title = 'Show Sommi F. Wave', type = input.bool) | |
| sommiVwapTF = input('720', title = 'Sommi F. Wave timeframe', type = input.string) | |
| sommiVwapBearLevel = input(0, title = 'F. Wave Bear Level (less than)', type = input.integer) | |
| sommiVwapBullLevel = input(0, title = 'F. Wave Bull Level (more than)', type = input.integer) | |
| soomiFlagWTBearLevel = input(0, title = 'WT Bear Level (more than)', type = input.integer) | |
| soomiFlagWTBullLevel = input(0, title = 'WT Bull Level (less than)', type = input.integer) | |
| soomiRSIMFIBearLevel = input(0, title = 'Money flow Bear Level (less than)', type = input.integer) | |
| soomiRSIMFIBullLevel = input(0, title = 'Money flow Bull Level (more than)', type = input.integer) | |
| // Sommi Diamond | |
| sommiDiamondShow = input(false, title = 'Show Sommi diamond', type = input.bool) | |
| sommiHTCRes = input('60', title = 'HTF Candle Res. 1', type = input.string) | |
| sommiHTCRes2 = input('240', title = 'HTF Candle Res. 2', type = input.string) | |
| soomiDiamondWTBearLevel = input(0, title = 'WT Bear Level (More than)', type = input.integer) | |
| soomiDiamondWTBullLevel = input(0, title = 'WT Bull Level (Less than)', type = input.integer) | |
| // macd Colors | |
| macdWTColorsShow = input(false, title = 'Show MACD Colors', type = input.bool) | |
| macdWTColorsTF = input('240', title = 'MACD Colors MACD TF', type = input.string) | |
| darkMode = input(false, title = 'Dark mode', type = input.bool) | |
| // Colors | |
| colorRed = #ff0000 | |
| colorPurple = #e600e6 | |
| colorGreen = #3fff00 | |
| colorOrange = #e2a400 | |
| colorYellow = #ffe500 | |
| colorWhite = #ffffff | |
| colorPink = #ff00f0 | |
| colorBluelight = #31c0ff | |
| colorWT1 = #90caf9 | |
| colorWT2 = #0d47a1 | |
| colorWT2_ = #131722 | |
| colormacdWT1a = #4caf58 | |
| colormacdWT1b = #af4c4c | |
| colormacdWT1c = #7ee57e | |
| colormacdWT1d = #ff3535 | |
| colormacdWT2a = #305630 | |
| colormacdWT2b = #310101 | |
| colormacdWT2c = #132213 | |
| colormacdWT2d = #770000 | |
| // } PARAMETERS | |
| // FUNCTIONS { | |
| // Divergences | |
| f_top_fractal(src) => src[4] < src[2] and src[3] < src[2] and src[2] > src[1] and src[2] > src[0] | |
| f_bot_fractal(src) => src[4] > src[2] and src[3] > src[2] and src[2] < src[1] and src[2] < src[0] | |
| f_fractalize(src) => f_top_fractal(src) ? 1 : f_bot_fractal(src) ? -1 : 0 | |
| f_findDivs(src, topLimit, botLimit, useLimits) => | |
| fractalTop = f_fractalize(src) > 0 and (useLimits ? src[2] >= topLimit : true) ? src[2] : na | |
| fractalBot = f_fractalize(src) < 0 and (useLimits ? src[2] <= botLimit : true) ? src[2] : na | |
| highPrev = valuewhen(fractalTop, src[2], 0)[2] | |
| highPrice = valuewhen(fractalTop, high[2], 0)[2] | |
| lowPrev = valuewhen(fractalBot, src[2], 0)[2] | |
| lowPrice = valuewhen(fractalBot, low[2], 0)[2] | |
| bearSignal = fractalTop and high[2] > highPrice and src[2] < highPrev | |
| bullSignal = fractalBot and low[2] < lowPrice and src[2] > lowPrev | |
| bearDivHidden = fractalTop and high[2] < highPrice and src[2] > highPrev | |
| bullDivHidden = fractalBot and low[2] > lowPrice and src[2] < lowPrev | |
| [fractalTop, fractalBot, lowPrev, bearSignal, bullSignal, bearDivHidden, bullDivHidden] | |
| // RSI+MFI | |
| f_rsimfi(_period, _multiplier, _tf) => security(syminfo.tickerid, _tf, sma(((close - open) / (high - low)) * _multiplier, _period) - rsiMFIPosY) | |
| // WaveTrend | |
| f_wavetrend(src, chlen, avg, malen, tf) => | |
| tfsrc = security(syminfo.tickerid, tf, src) | |
| esa = ema(tfsrc, chlen) | |
| de = ema(abs(tfsrc - esa), chlen) | |
| ci = (tfsrc - esa) / (0.015 * de) | |
| wt1 = security(syminfo.tickerid, tf, ema(ci, avg)) | |
| wt2 = security(syminfo.tickerid, tf, sma(wt1, malen)) | |
| wtVwap = wt1 - wt2 | |
| wtOversold = wt2 <= osLevel | |
| wtOverbought = wt2 >= obLevel | |
| wtCross = cross(wt1, wt2) | |
| wtCrossUp = wt2 - wt1 <= 0 | |
| wtCrossDown = wt2 - wt1 >= 0 | |
| wtCrosslast = cross(wt1[2], wt2[2]) | |
| wtCrossUplast = wt2[2] - wt1[2] <= 0 | |
| wtCrossDownlast = wt2[2] - wt1[2] >= 0 | |
| [wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCrosslast, wtCrossUplast, wtCrossDownlast, wtVwap] | |
| // Schaff Trend Cycle | |
| f_tc(src, length, fastLength, slowLength) => | |
| ema1 = ema(src, fastLength) | |
| ema2 = ema(src, slowLength) | |
| macdVal = ema1 - ema2 | |
| alpha = lowest(macdVal, length) | |
| beta = highest(macdVal, length) - alpha | |
| gamma = (macdVal - alpha) / beta * 100 | |
| gamma := beta > 0 ? gamma : nz(gamma[1]) | |
| delta = gamma | |
| delta := na(delta[1]) ? delta : delta[1] + tcfactor * (gamma - delta[1]) | |
| epsilon = lowest(delta, length) | |
| zeta = highest(delta, length) - epsilon | |
| eta = (delta - epsilon) / zeta * 100 | |
| eta := zeta > 0 ? eta : nz(eta[1]) | |
| stcReturn = eta | |
| stcReturn := na(stcReturn[1]) ? stcReturn : stcReturn[1] + tcfactor * (eta - stcReturn[1]) | |
| stcReturn | |
| // Stochastic RSI | |
| f_stochrsi(_src, _stochlen, _rsilen, _smoothk, _smoothd, _log, _avg) => | |
| src = _log ? log(_src) : _src | |
| rsi = rsi(src, _rsilen) | |
| kk = sma(stoch(rsi, rsi, rsi, _stochlen), _smoothk) | |
| d1 = sma(kk, _smoothd) | |
| avg_1 = avg(kk, d1) | |
| k = _avg ? avg_1 : kk | |
| [k, d1] | |
| // MACD | |
| f_macd(src, fastlen, slowlen, sigsmooth, tf) => | |
| fast_ma = security(syminfo.tickerid, tf, ema(src, fastlen)) | |
| slow_ma = security(syminfo.tickerid, tf, ema(src, slowlen)) | |
| macd = fast_ma - slow_ma, | |
| signal = security(syminfo.tickerid, tf, sma(macd, sigsmooth)) | |
| hist = macd - signal | |
| [macd, signal, hist] | |
| // MACD Colors on WT | |
| f_macdWTColors(tf) => | |
| hrsimfi = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, tf) | |
| [macd, signal, hist] = f_macd(close, 28, 42, 9, macdWTColorsTF) | |
| macdup = macd >= signal | |
| macddown = macd <= signal | |
| macdWT1Color = macdup ? hrsimfi > 0 ? colormacdWT1c : colormacdWT1a : macddown ? hrsimfi < 0 ? colormacdWT1d : colormacdWT1b : na | |
| macdWT2Color = macdup ? hrsimfi < 0 ? colormacdWT2c : colormacdWT2a : macddown ? hrsimfi < 0 ? colormacdWT2d : colormacdWT2b : na | |
| [macdWT1Color, macdWT2Color] | |
| // Get higher timeframe candle | |
| f_getTFCandle(_tf) => | |
| _open = security(heikinashi(syminfo.tickerid), _tf, open, barmerge.gaps_off, barmerge.lookahead_on) | |
| _close = security(heikinashi(syminfo.tickerid), _tf, close, barmerge.gaps_off, barmerge.lookahead_on) | |
| _high = security(heikinashi(syminfo.tickerid), _tf, high, barmerge.gaps_off, barmerge.lookahead_on) | |
| _low = security(heikinashi(syminfo.tickerid), _tf, low, barmerge.gaps_off, barmerge.lookahead_on) | |
| hl2 = (_high + _low) / 2.0 | |
| newBar = change(_open) | |
| candleBodyDir = _close > _open | |
| [candleBodyDir, newBar] | |
| // Sommi flag | |
| f_findSommiFlag(tf, wt1, wt2, rsimfi, wtCross, wtCrossUp, wtCrossDown) => | |
| [hwt1, hwt2, hwtOversold, hwtOverbought, hwtCross, hwtCrossUp, hwtCrossDown, hwtCrosslast, hwtCrossUplast, hwtCrossDownlast, hwtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, tf) | |
| bearPattern = rsimfi < soomiRSIMFIBearLevel and | |
| wt2 > soomiFlagWTBearLevel and | |
| wtCross and | |
| wtCrossDown and | |
| hwtVwap < sommiVwapBearLevel | |
| bullPattern = rsimfi > soomiRSIMFIBullLevel and | |
| wt2 < soomiFlagWTBullLevel and | |
| wtCross and | |
| wtCrossUp and | |
| hwtVwap > sommiVwapBullLevel | |
| [bearPattern, bullPattern, hwtVwap] | |
| f_findSommiDiamond(tf, tf2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown) => | |
| [candleBodyDir, newBar] = f_getTFCandle(tf) | |
| [candleBodyDir2, newBar2] = f_getTFCandle(tf2) | |
| bearPattern = wt2 >= soomiDiamondWTBearLevel and | |
| wtCross and | |
| wtCrossDown and | |
| not candleBodyDir and | |
| not candleBodyDir2 | |
| bullPattern = wt2 <= soomiDiamondWTBullLevel and | |
| wtCross and | |
| wtCrossUp and | |
| candleBodyDir and | |
| candleBodyDir2 | |
| [bearPattern, bullPattern] | |
| // } FUNCTIONS | |
| // CALCULATE INDICATORS { | |
| // RSI | |
| rsi = rsi(rsiSRC, rsiLen) | |
| rsiColor = rsi <= rsiOversold ? colorGreen : rsi >= rsiOverbought ? colorRed : colorPurple | |
| // RSI + MFI Area | |
| rsiMFI = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, timeframe.period) | |
| rsiMFIColor = rsiMFI > 0 ? #3ee145 : #ff3d2e | |
| // Calculates WaveTrend | |
| [wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCross_last, wtCrossUp_last, wtCrossDown_last, wtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, timeframe.period) | |
| // Stochastic RSI | |
| [stochK, stochD] = f_stochrsi(stochSRC, stochLen, stochRsiLen, stochKSmooth, stochDSmooth, stochUseLog, stochAvg) | |
| // Schaff Trend Cycle | |
| tcVal = f_tc(tcSRC, tclength, tcfastLength, tcslowLength) | |
| // Sommi flag | |
| [sommiBearish, sommiBullish, hvwap] = f_findSommiFlag(sommiVwapTF, wt1, wt2, rsiMFI, wtCross, wtCrossUp, wtCrossDown) | |
| //Sommi diamond | |
| [sommiBearishDiamond, sommiBullishDiamond] = f_findSommiDiamond(sommiHTCRes, sommiHTCRes2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown) | |
| // macd colors | |
| [macdWT1Color, macdWT2Color] = f_macdWTColors(macdWTColorsTF) | |
| // WT Divergences | |
| [wtFractalTop, wtFractalBot, wtLow_prev, wtBearDiv, wtBullDiv, wtBearDivHidden, wtBullDivHidden] = f_findDivs(wt2, wtDivOBLevel, wtDivOSLevel, true) | |
| [wtFractalTop_add, wtFractalBot_add, wtLow_prev_add, wtBearDiv_add, wtBullDiv_add, wtBearDivHidden_add, wtBullDivHidden_add] = f_findDivs(wt2, wtDivOBLevel_add, wtDivOSLevel_add, true) | |
| [wtFractalTop_nl, wtFractalBot_nl, wtLow_prev_nl, wtBearDiv_nl, wtBullDiv_nl, wtBearDivHidden_nl, wtBullDivHidden_nl] = f_findDivs(wt2, 0, 0, false) | |
| wtBearDivHidden_ = showHiddenDiv_nl ? wtBearDivHidden_nl : wtBearDivHidden | |
| wtBullDivHidden_ = showHiddenDiv_nl ? wtBullDivHidden_nl : wtBullDivHidden | |
| wtBearDivColor = (wtShowDiv and wtBearDiv) or (wtShowHiddenDiv and wtBearDivHidden_) ? colorRed : na | |
| wtBullDivColor = (wtShowDiv and wtBullDiv) or (wtShowHiddenDiv and wtBullDivHidden_) ? colorGreen : na | |
| wtBearDivColor_add = (wtShowDiv and (wtDivOBLevel_addshow and wtBearDiv_add)) or (wtShowHiddenDiv and (wtDivOBLevel_addshow and wtBearDivHidden_add)) ? #9a0202 : na | |
| wtBullDivColor_add = (wtShowDiv and (wtDivOBLevel_addshow and wtBullDiv_add)) or (wtShowHiddenDiv and (wtDivOBLevel_addshow and wtBullDivHidden_add)) ? #1b5e20 : na | |
| // RSI Divergences | |
| [rsiFractalTop, rsiFractalBot, rsiLow_prev, rsiBearDiv, rsiBullDiv, rsiBearDivHidden, rsiBullDivHidden] = f_findDivs(rsi, rsiDivOBLevel, rsiDivOSLevel, true) | |
| [rsiFractalTop_nl, rsiFractalBot_nl, rsiLow_prev_nl, rsiBearDiv_nl, rsiBullDiv_nl, rsiBearDivHidden_nl, rsiBullDivHidden_nl] = f_findDivs(rsi, 0, 0, false) | |
| rsiBearDivHidden_ = showHiddenDiv_nl ? rsiBearDivHidden_nl : rsiBearDivHidden | |
| rsiBullDivHidden_ = showHiddenDiv_nl ? rsiBullDivHidden_nl : rsiBullDivHidden | |
| rsiBearDivColor = (rsiShowDiv and rsiBearDiv) or (rsiShowHiddenDiv and rsiBearDivHidden_) ? colorRed : na | |
| rsiBullDivColor = (rsiShowDiv and rsiBullDiv) or (rsiShowHiddenDiv and rsiBullDivHidden_) ? colorGreen : na | |
| // Stoch Divergences | |
| [stochFractalTop, stochFractalBot, stochLow_prev, stochBearDiv, stochBullDiv, stochBearDivHidden, stochBullDivHidden] = f_findDivs(stochK, 0, 0, false) | |
| stochBearDivColor = (stochShowDiv and stochBearDiv) or (stochShowHiddenDiv and stochBearDivHidden) ? colorRed : na | |
| stochBullDivColor = (stochShowDiv and stochBullDiv) or (stochShowHiddenDiv and stochBullDivHidden) ? colorGreen : na | |
| // Small Circles WT Cross | |
| signalColor = wt2 - wt1 > 0 ? color.red : color.lime | |
| // Buy signal. | |
| buySignal = wtCross and wtCrossUp and wtOversold | |
| buySignalDiv = (wtShowDiv and wtBullDiv) or | |
| (wtShowDiv and wtBullDiv_add) or | |
| (stochShowDiv and stochBullDiv) or | |
| (rsiShowDiv and rsiBullDiv) | |
| buySignalDiv_color = wtBullDiv ? colorGreen : | |
| wtBullDiv_add ? color.new(colorGreen, 60) : | |
| rsiShowDiv ? colorGreen : na | |
| // Sell signal | |
| sellSignal = wtCross and wtCrossDown and wtOverbought | |
| sellSignalDiv = (wtShowDiv and wtBearDiv) or | |
| (wtShowDiv and wtBearDiv_add) or | |
| (stochShowDiv and stochBearDiv) or | |
| (rsiShowDiv and rsiBearDiv) | |
| sellSignalDiv_color = wtBearDiv ? colorRed : | |
| wtBearDiv_add ? color.new(colorRed, 60) : | |
| rsiBearDiv ? colorRed : na | |
| // Gold Buy | |
| lastRsi = valuewhen(wtFractalBot, rsi[2], 0)[2] | |
| wtGoldBuy = ((wtShowDiv and wtBullDiv) or (rsiShowDiv and rsiBullDiv)) and | |
| wtLow_prev <= osLevel3 and | |
| wt2 > osLevel3 and | |
| wtLow_prev - wt2 <= -5 and | |
| lastRsi < 30 | |
| // } CALCULATE INDICATORS | |
| // DRAW { | |
| bgcolor(darkMode ? color.new(#000000, 80) : na) | |
| zLine = plot(0, color = color.new(colorWhite, 50)) | |
| // MFI BAR | |
| rsiMfiBarTopLine = plot(rsiMFIShow ? -95 : na, title = 'MFI Bar TOP Line', transp = 100) | |
| rsiMfiBarBottomLine = plot(rsiMFIShow ? -99 : na, title = 'MFI Bar BOTTOM Line', transp = 100) | |
| fill(rsiMfiBarTopLine, rsiMfiBarBottomLine, title = 'MFI Bar Colors', color = rsiMFIColor, transp = 75) | |
| // WT Areas | |
| plot(wtShow ? wt1 : na, style = plot.style_area, title = 'WT Wave 1', color = macdWTColorsShow ? macdWT1Color : colorWT1, transp = 0) | |
| plot(wtShow ? wt2 : na, style = plot.style_area, title = 'WT Wave 2', color = macdWTColorsShow ? macdWT2Color : darkMode ? colorWT2_ : colorWT2 , transp = 20) | |
| // VWAP | |
| plot(vwapShow ? wtVwap : na, title = 'VWAP', color = colorYellow, style = plot.style_area, linewidth = 2, transp = 45) | |
| // MFI AREA | |
| rsiMFIplot = plot(rsiMFIShow ? rsiMFI: na, title = 'RSI+MFI Area', color = rsiMFIColor, transp = 20) | |
| fill(rsiMFIplot, zLine, rsiMFIColor, transp = 40) | |
| // WT Div | |
| plot(series = wtFractalTop ? wt2[2] : na, title = 'WT Bearish Divergence', color = wtBearDivColor, linewidth = 2, offset = -2) | |
| plot(series = wtFractalBot ? wt2[2] : na, title = 'WT Bullish Divergence', color = wtBullDivColor, linewidth = 2, offset = -2) | |
| // WT 2nd Div | |
| plot(series = wtFractalTop_add ? wt2[2] : na, title = 'WT 2nd Bearish Divergence', color = wtBearDivColor_add, linewidth = 2, offset = -2) | |
| plot(series = wtFractalBot_add ? wt2[2] : na, title = 'WT 2nd Bullish Divergence', color = wtBullDivColor_add, linewidth = 2, offset = -2) | |
| // RSI | |
| plot(rsiShow ? rsi : na, title = 'RSI', color = rsiColor, linewidth = 2, transp = 25) | |
| // RSI Div | |
| plot(series = rsiFractalTop ? rsi[2] : na, title='RSI Bearish Divergence', color = rsiBearDivColor, linewidth = 1, offset = -2) | |
| plot(series = rsiFractalBot ? rsi[2] : na, title='RSI Bullish Divergence', color = rsiBullDivColor, linewidth = 1, offset = -2) | |
| // Stochastic RSI | |
| stochKplot = plot(stochShow ? stochK : na, title = 'Stoch K', color = color.new(#21baf3, 0), linewidth = 2) | |
| stochDplot = plot(stochShow ? stochD : na, title = 'Stoch D', color = color.new(#673ab7, 60), linewidth = 1) | |
| stochFillColor = stochK >= stochD ? color.new(#21baf3, 75) : color.new(#673ab7, 60) | |
| fill(stochKplot, stochDplot, title='KD Fill', color=stochFillColor) | |
| // Stoch Div | |
| plot(series = stochFractalTop ? stochK[2] : na, title='Stoch Bearish Divergence', color = stochBearDivColor, linewidth = 1, offset = -2) | |
| plot(series = stochFractalBot ? stochK[2] : na, title='Stoch Bullish Divergence', color = stochBullDivColor, linewidth = 1, offset = -2) | |
| // Schaff Trend Cycle | |
| plot(tcLine ? tcVal : na, color = color.new(#673ab7, 25), linewidth = 2, title = "Schaff Trend Cycle 1") | |
| plot(tcLine ? tcVal : na, color = color.new(colorWhite, 50), linewidth = 1, title = "Schaff Trend Cycle 2") | |
| // Draw Overbought & Oversold lines | |
| plot(obLevel, title = 'Over Bought Level 1', color = colorWhite, linewidth = 1, style = plot.style_cross, transp = 35) | |
| plot(obLevel2, title = 'Over Bought Level 2', color = colorWhite, linewidth = 1, style = plot.style_stepline, transp = 35) | |
| plot(obLevel3, title = 'Over Bought Level 3', color = colorWhite, linewidth = 2, style = plot.style_circles, transp = 35) | |
| plot(osLevel, title = 'Over Sold Level 1', color = colorWhite, linewidth = 1, style = plot.style_cross, transp = 35) | |
| plot(osLevel2, title = 'Over Sold Level 2', color = colorWhite, linewidth = 1, style = plot.style_stepline, transp = 35) | |
| // Sommi flag | |
| plotchar(sommiFlagShow and sommiBearish ? 108 : na, title = 'Sommi bearish flag', char='⚑', color = colorPink, location = location.absolute, size = size.tiny, transp = 0) | |
| plotchar(sommiFlagShow and sommiBullish ? -108 : na, title = 'Sommi bullish flag', char='⚑', color = colorBluelight, location = location.absolute, size = size.tiny, transp = 0) | |
| plot(sommiShowVwap ? ema(hvwap, 3) : na, title = 'Sommi higher VWAP', color = colorYellow, linewidth = 2, style = plot.style_line, transp = 15) | |
| // Sommi diamond | |
| plotchar(sommiDiamondShow and sommiBearishDiamond ? 108 : na, title = 'Sommi bearish diamond', char='◆', color = colorPink, location = location.absolute, size = size.tiny, transp = 0) | |
| plotchar(sommiDiamondShow and sommiBullishDiamond ? -108 : na, title = 'Sommi bullish diamond', char='◆', color = colorBluelight, location = location.absolute, size = size.tiny, transp = 0) | |
| // Circles | |
| plot(wtCross ? wt2 : na, title = 'Buy and sell circle', color = signalColor, style = plot.style_circles, linewidth = 3, transp = 15) | |
| plotchar(wtBuyShow and buySignal ? -107 : na, title = 'Buy circle', char='·', color = colorGreen, location = location.absolute, size = size.small, transp = 50) | |
| plotchar(wtSellShow and sellSignal ? 105 : na , title = 'Sell circle', char='·', color = colorRed, location = location.absolute, size = size.small, transp = 50) | |
| plotchar(wtDivShow and buySignalDiv ? -106 : na, title = 'Divergence buy circle', char='•', color = buySignalDiv_color, location = location.absolute, size = size.small, offset = -2, transp = 15) | |
| plotchar(wtDivShow and sellSignalDiv ? 106 : na, title = 'Divergence sell circle', char='•', color = sellSignalDiv_color, location = location.absolute, size = size.small, offset = -2, transp = 15) | |
| plotchar(wtGoldBuy and wtGoldShow ? -106 : na, title = 'Gold buy gold circle', char='•', color = colorOrange, location = location.absolute, size = size.small, offset = -2, transp = 15) | |
| // } DRAW | |
| // ALERTS { | |
| // BUY | |
| alertcondition(buySignal, 'Buy (Big green circle)', 'Green circle WaveTrend Oversold') | |
| alertcondition(buySignalDiv, 'Buy (Big green circle + Div)', 'Buy & WT Bullish Divergence & WT Overbought') | |
| alertcondition(wtGoldBuy, 'GOLD Buy (Big GOLDEN circle)', 'Green & GOLD circle WaveTrend Overbought') | |
| alertcondition(sommiBullish or sommiBullishDiamond, 'Sommi bullish flag/diamond', 'Blue flag/diamond') | |
| alertcondition(wtCross and wtCrossUp, 'Buy (Small green dot)', 'Buy small circle') | |
| // SELL | |
| alertcondition(sommiBearish or sommiBearishDiamond, 'Sommi bearish flag/diamond', 'Purple flag/diamond') | |
| alertcondition(sellSignal, 'Sell (Big red circle)', 'Red Circle WaveTrend Overbought') | |
| alertcondition(sellSignalDiv, 'Sell (Big red circle + Div)', 'Buy & WT Bearish Divergence & WT Overbought') | |
| alertcondition(wtCross and wtCrossDown, 'Sell (Small red dot)', 'Sell small circle') | |
| // } ALERTS |
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| Settings: | |
| Input-> | |
| { | |
| "symbol": "BINANCE:ETHUSDTPERP", | |
| "interval": "240", | |
| "divs": { | |
| "input": { | |
| "Show WaveTrend": true, | |
| "Show Buy dots": true, | |
| "Show Gold dots": true, | |
| "Show Sell dots": true, | |
| "Show Div. dots": false, | |
| "Show Fast WT": false, | |
| "WT Channel Length": "9", | |
| "WT Average Length": "12", | |
| "WT MA Source": "hlc3", | |
| "WT MA Length": "3", | |
| "WT Overbought Level 1": "53", | |
| "WT Overbought Level 2": "60", | |
| "WT Overbought Level 3": "100", | |
| "WT Oversold Level 1": "-53", | |
| "WT Oversold Level 2": "-60", | |
| "WT Oversold Level 3": "-100", | |
| "Show WT Regular Divergences": true, | |
| "Show WT Hidden Divergences": true, | |
| "Not apply OB/OS Limits on Hidden Divergences": true, | |
| "WT Bearish Divergence Min": "45", | |
| "WT Bullish Divergence Min": "-65", | |
| "Show 2nd WT Regular Divergences": true, | |
| "WT 2nd Bearish Divergence": "15", | |
| "WT 2nd Bullish Divergence 15 Min": "-40", | |
| "Show MFI": true, | |
| "MFI Period": "60", | |
| "MFI Area Multiplier": "175", | |
| "MFI Area Y Pos": "2.5", | |
| "Show RSI": false, | |
| "RSI Source": "close", | |
| "RSI Length": "14", | |
| "RSI Oversold": "30", | |
| "RSI Overbought": "60", | |
| "Show RSI Regular Divergences": false, | |
| "Show RSI Hidden Divergences": true, | |
| "RSI Bearish Divergence Min": "60", | |
| "RSI Bullish Divergence Min": "30", | |
| "Show Stochastic RSI": true, | |
| "Use Log?": false, | |
| "Use Average of both K & D": false, | |
| "Stochastic RSI Source": "close", | |
| "Stochastic RSI Length": "14", | |
| "Stochastic RSI K Smooth": "3", | |
| "Stochastic RSI D Smooth": "3", | |
| "Show Stoch Regular Divergences": false, | |
| "Show Stoch Hidden Divergences": true, | |
| "Show Schaff TC line": false, | |
| "Schaff TC Source": "close", | |
| "Schaff TC": "10", | |
| "Schaff TC Fast Lenght": "23", | |
| "Schaff TC Slow Length": "50", | |
| "Schaff TC Factor": "0.5", | |
| "Show Sommi flag": true, | |
| "Show Sommi F. Wave": true, | |
| "F. Wave Bear Level (Less Than)": "0", | |
| "F. Wave Bull Level (More Than)": "0", | |
| "WT Bear Level (More Than)": "0", | |
| "WT Bull Level (Less Than)": "0", | |
| "Money Flow Bear Level (Less Than)": "0", | |
| "Money Flow Bull Level (More Than)": "0", | |
| "Show Sommi diamond": false, | |
| "Show MACD Colors": false, | |
| "Dark mode": false | |
| } | |
| } | |
| } | |
| ------------------------------------------------- | |
| Style: | |
| { | |
| "symbol": "BINANCE:ETHUSDTPERP", | |
| "interval": "240", | |
| "divs": { | |
| "input": { | |
| "Background Color": true, | |
| "Plot": "", | |
| "MFI Bar TOP Line": "", | |
| "MFI Bar BOTTOM Line": "", | |
| "WT Wave 1": true, | |
| "Color 0": "", | |
| "WT Wave 2": true, | |
| "VWAP": "", | |
| "RSI+MFI Area": true, | |
| "WT Bearish Divergence": true, | |
| "WT Bullish Divergence": true, | |
| "WT 2nd Bearish Divergence": true, | |
| "WT 2nd Bullish Divergence": true, | |
| "RSI": true, | |
| "RSI Bearish Divergence": true, | |
| "RSI Bullish Divergence": true, | |
| "Stoch K": "", | |
| "Stoch D": "", | |
| "Stoch Bearish Divergence": true, | |
| "Stoch Bullish Divergence": true, | |
| "Schaff Trend Cycle 1": "", | |
| "Schaff Trend Cycle 2": "", | |
| "Over Bought Level 1": "", | |
| "Over Bought Level 2": "", | |
| "Over Bought Level 3": "", | |
| "Over Sold Level 1": "", | |
| "Over Sold Level 2": "", | |
| "Sommi Bearish Flag": "Absolute", | |
| "Sommi Bullish Flag": "Absolute", | |
| "Sommi Higher VWAP": "", | |
| "Sommi Bearish Diamond": "Absolute", | |
| "Sommi Bullish Diamond": "Absolute", | |
| "Buy and sell circle": true, | |
| "Buy Circle": "Absolute", | |
| "Sell Circle": "Absolute", | |
| "Divergence Buy Circle": "Absolute", | |
| "Divergence Sell Circle": "Absolute", | |
| "Gold Buy Gold Circle": "Absolute", | |
| "MFI Bar Colors": false, | |
| "Plots Background": true, | |
| "KD Fill": true, | |
| "Precision": "Default" | |
| } | |
| } | |
| } |
Processing script...
line 172: The function '#f7' should be called on each calculation for consistency. It is recommended to extract the call from the ternary operator or from the scope.
line 172: The function 'f_bot_fractal' should be called on each calculation for consistency. It is recommended to extract the call from the ternary operator or from the scope.
line 263: Shadowing built-in variable 'hl2'
line 406: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 407: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 408: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 411: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 412: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 415: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 418: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 419: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 431: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 453: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 454: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 455: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 457: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 458: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 461: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 462: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 463: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 466: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 467: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 470: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 472: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 473: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 475: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 476: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
line 478: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead.
When is "src" declared? at the "f_fractalize"? What about identifiers like "tf" and "avg"? avg looks like math.avg built-in from version 5. I can't find an identifier called avg before using it below // WaveTrend.
Same Problem here! If you've solved it can I get a glance of it ;).
I want to extract the core functionalities from it and analyze my trades using python
When is "src" declared? at the "f_fractalize"? What about identifiers like "tf" and "avg"? avg looks like math.avg built-in from version 5. I can't find an identifier called avg before using it below // WaveTrend.
This script heavily repaints as it uses Security() calls with barlookahead. Beware of your results
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Thankyou very much. Please make a video tutorial for this script.