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Momentum Waves
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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/ | |
| // © niquedegraaff | |
| // @version=5 | |
| // @description Calculates momentum waves | |
| indicator(title = "MOMENTUM_WAVES", | |
| shorttitle = "MOMENTUM WAVES", | |
| precision = 2, | |
| overlay = false) | |
| // MAIN: COLOR PALETTE | |
| color TEAL = color.new(#3ab7a6, 0) | |
| color DARKBLUE = color.new(#3a4bb7, 0) | |
| color LIGHTBLUE = color.new(#3a8ab7, 0) | |
| color RED = color.new(#b73a4b, 0) | |
| color YELLOW = color.new(#b7a63a, 0) | |
| color GREEN = color.new(#89b73a, 0) | |
| color PURPLE = color.new(#683ab7, 0) | |
| color PINK = color.new(#b73a89, 0) | |
| color ORANGE = color.new(#b7683a, 0) | |
| color SILVER = color.new(#cccccc, 0) | |
| color TRANSPARENT = color.new(#ffffff, 100) | |
| // ------------------------------------------------------------------------------------------------------ | |
| // MOMENTUM WAVES | |
| // ------------------------------------------------------------------------------------------------------ | |
| // MW: INPUT | |
| int i_mwAnchorLvl = input(60, "Anchor Level") | |
| int i_mwTriggerLvl = input(53, "Trigger Level") | |
| // MW: Basic | |
| // @function Calculates Momentum Waves and returns basic parameters | |
| // @param src Series to use (`hlc3` is used if no argument is supplied). | |
| // @param chLen Length used for chLen (`5` is used if no argument is supplied). | |
| // @param fastLen Length used for fast wave (`9` is used if no argument is supplied). | |
| // @param slowLen Length used for slow wave (`3` is used if no argument is supplied). | |
| // @returns mw1 Fast Wave | |
| // @returns mw2 Slow Wave | |
| // @returns mwGreenDot Green Dot? | |
| // @returns mwGreenDotAnch Green Dot at Anchor level? | |
| // @returns mwGreenDotTrig Green Dot at Trigger level? | |
| // @returns mwRedDot Red Dot | |
| // @returns mwGreenDotAnch Red Dot at Anchor level? | |
| // @returns mwRedDotTrig Red Dot at Trigger level? | |
| mw(float src = hlc3, simple int chLen = 5, simple int fastLen = 9, simple int slowLen = 3, simple int anchLvl = 60, simple int trigLvl = 53) => | |
| float esa = ta.ema(src, chLen) | |
| float de = ta.ema(math.abs(src - esa), chLen) | |
| float ci = (src - esa) / (0.015 * de) | |
| float mw1 = ta.ema(ci, fastLen) // Fast Wave | |
| float mw2 = ta.sma(mw1, slowLen) // Slow Wave | |
| float mwv = mw1 - mw2 // Wave VWAP | |
| bool mwRedDot = ta.crossover(mw2, mw1) // Green Dot | |
| bool mwRedDotAnch = mwRedDot and mw2 <= -anchLvl // Red Dot Anchor | |
| bool mwRedDotTrig = mwRedDot and mw2 <= -trigLvl // Red Dot Trigger | |
| bool mwGreenDot = ta.crossunder(mw2, mw1) // Green Dot | |
| bool mwGreenDotAnch = mwGreenDot and mw2 >= anchLvl // Green Dot Anchor | |
| bool mwGreenDotTrig = mwGreenDot and mw2 >= trigLvl // Green Dot Trigger | |
| [mw1, | |
| mw2, | |
| mwv, | |
| mwRedDot, | |
| mwRedDotAnch, | |
| mwRedDotTrig, | |
| mwGreenDot, | |
| mwGreenDotAnch, | |
| mwGreenDotTrig] | |
| // MW: Extended | |
| // @function Calculates Momentum Waves and returns extended parameters | |
| // @param src Series to use (`hlc3` is used if no argument is supplied). | |
| // @param chLen Length used for chLen (`9` is used if no argument is supplied). | |
| // @param fastLen Length used for fast wave (`12` is used if no argument is supplied). | |
| // @param slowLen Length used for slow wave (`3` is used if no argument is supplied). | |
| // @returns mw1 Fast Wave | |
| // @returns mw2 Slow Wave | |
| // @returns mwGreenDot Green Dot? (slow wave crosses above fast wave) | |
| // @returns mwGreenDotAnch Green Dot at Anchor level? | |
| // @returns mwGreenDotTrig Green Dot at Trigger level? | |
| // @returns mwRedDot Is Red Dot? (slow wave crosses below fast wave) | |
| // @returns mwGreenDotAnch Is Red Dot at Anchor level? | |
| // @returns mwRedDotTrig Is Red Dot at Trigger level? | |
| // @returns mwIsPositive Is slow wave above zero? | |
| // @returns mwIsNegative Is slow wave below zero? | |
| // @returns mwAboveMw1 Is slow wave above fast wave? | |
| // @returns mwBelowMw1 Is slow wave below fast wave? | |
| // @returns mwAtAnchLvlTop Is slow wave above top anchor level? | |
| // @returns mwAtAnchLvlBot Is slow wave below bottom anchor level? | |
| // @returns mwAtTrigLvlTop Is slow wave above top trigger level? | |
| // @returns mwAtTrigLvlBot Is slow wave below bottom trigger level? | |
| // @returns mwDot Is green or red dot? | |
| // @returns mwDotB Bars back to previous dot | |
| // @returns mwCrossOverZero Is slow wave crossing above zero? | |
| // @returns mwCrossUnderZero Is slow wave crossing below zero? | |
| // TODO: FINISH THE DESCRIPTION FOR THIS FUNCTION | |
| mwe(float src = hlc3, simple int chLen = 5, simple int fastLen = 9, simple int slowLen = 3, simple int anchLvl = 60, simple int trigLvl = 53) => | |
| [mw1, mw2, mwv, mwRedDot, mwRedDotAnch, mwRedDotTrig, mwGreenDot, mwGreenDotAnch, mwGreenDotTrig] = mw(src, chLen, fastLen, slowLen, anchLvl, trigLvl) | |
| int mwRedDotB = math.min(500, ta.barssince(mwRedDot)) | |
| int mwGreenDotB = math.min(500, ta.barssince(mwGreenDot)) | |
| bool mwIsPositive = mw2 > 0 | |
| bool mwIsNegative = mw2 < 0 | |
| bool mwAboveMw1 = mw2 - mw1 >= 0 | |
| bool mwBelowMw1 = mw2 - mw1 <= 0 | |
| bool mwAtAnchLvlTop = mw2 >= anchLvl | |
| bool mwAtAnchLvlBot = mw2 <= -anchLvl | |
| bool mwAtTrigLvlTop = mw2 >= trigLvl | |
| bool mwAtTrigLvlBot = mw2 <= -trigLvl | |
| bool mwAtAnchLvl = mwAtAnchLvlTop or mwAtAnchLvlBot | |
| bool mwAtTrigLvl = mwAtTrigLvlTop or mwAtTrigLvlBot | |
| bool mwDot = mwGreenDot or mwRedDot | |
| int mwDotB = math.min(mwGreenDotB, mwRedDotB) | |
| bool mwCrossOverZero = ta.crossover(mw2, 0) | |
| bool mwCrossUnderZero = ta.crossunder(mw2, 0) | |
| bool mwCrossZero = mwCrossOverZero or mwCrossUnderZero | |
| int mwCrossOverZeroB = int(math.min(500, ta.barssince(mwCrossOverZero))) | |
| int mwCrossUnderZeroB = int(math.min(500, ta.barssince(mwCrossUnderZero))) | |
| int mwCrossZeroB = int(math.min(500, ta.barssince(mwCrossZero))) | |
| bool mwCrossOverTrigLvl = ta.crossover(mw2, trigLvl) or ta.crossover(mw2, -trigLvl) | |
| bool mwCrossUnderTrigLvl = ta.crossunder(mw2, -trigLvl) or ta.crossunder(mw2, trigLvl) | |
| bool mwCrossOverTrigLvlTop = mwCrossOverTrigLvl and mwIsPositive | |
| bool mwCrossOverTrigLvlBot = mwCrossOverTrigLvl and mwIsNegative | |
| bool mwCrossUnderTrigLvlTop = mwCrossUnderTrigLvl and mwIsPositive | |
| bool mwCrossUnderTrigLvlBot = mwCrossUnderTrigLvl and mwIsNegative | |
| bool mwIsCrossingTrigLvl = mwCrossOverTrigLvl or mwCrossUnderTrigLvl | |
| int mwCrossOverTrigLvlB = mwAtTrigLvl ? int(math.min(500, ta.barssince(mwCrossOverTrigLvl))) : na | |
| int mwCrossUnderTrigLvlB = mwAtTrigLvl ? int(math.min(500, ta.barssince(mwCrossUnderTrigLvl))) : na | |
| int mwCrossOverTrigLvlTopB = mwAtTrigLvl and mwIsPositive ? int(math.min(500, ta.barssince(mwCrossOverTrigLvlTop))) : na | |
| int mwCrossOverTrigLvlBotB = mwAtTrigLvl and mwIsPositive ? int(math.min(500, ta.barssince(mwCrossUnderTrigLvlTop))) : na | |
| int mwCrossUnderTrigLvlBotB = mwAtTrigLvl and mwIsNegative ? int(math.min(500, ta.barssince(mwCrossUnderTrigLvlBot))) : na | |
| int mwCrossUnderTrigLvlTopB = mwAtTrigLvl and mwIsPositive ? int(math.min(500, ta.barssince(mwCrossUnderTrigLvlTop))) : na | |
| bool mwTrigger = mwAtTrigLvl and mwDot | |
| bool mwAnchor = mwAtAnchLvl and mwDot | |
| bool mwRegTop = mwIsPositive and mwRedDot | |
| bool mwRegBot = mwIsNegative and mwGreenDot | |
| bool mwTrigTop = mwIsPositive and mwRedDot and mwAtTrigLvlTop | |
| bool mwTrigBot = mwIsNegative and mwGreenDot and mwAtTrigLvlBot | |
| bool mwAnchTop = mwIsPositive and mwRedDot and mwAtAnchLvlTop | |
| bool mwAnchBot = mwIsNegative and mwGreenDot and mwAtAnchLvlBot | |
| int mwAnchTopB = int(math.min(500, ta.barssince(mwAnchTop))) | |
| int mwAnchBotB = int(math.min(500, ta.barssince(mwAnchBot))) | |
| [mw1, | |
| mw2, | |
| mwv, | |
| mwRedDot, | |
| mwRedDotAnch, | |
| mwRedDotTrig, | |
| mwGreenDot, | |
| mwGreenDotAnch, | |
| mwGreenDotTrig, | |
| mwIsPositive, | |
| mwIsNegative, | |
| mwAboveMw1, | |
| mwBelowMw1, | |
| mwAtTrigLvlTop, | |
| mwAtTrigLvlBot, | |
| mwAtAnchLvlTop, | |
| mwAtAnchLvlBot, | |
| mwRedDotB, | |
| mwGreenDotB, | |
| mwDot, | |
| mwDotB, | |
| mwCrossOverZero, | |
| mwCrossOverZeroB, | |
| mwCrossUnderZero, | |
| mwCrossUnderZeroB, | |
| mwCrossZero, | |
| mwCrossZeroB, | |
| mwCrossOverTrigLvl, | |
| mwCrossOverTrigLvlB, | |
| mwCrossUnderTrigLvl, | |
| mwCrossUnderTrigLvlB, | |
| mwCrossOverTrigLvlTop, | |
| mwCrossOverTrigLvlTopB, | |
| mwCrossOverTrigLvlBot, | |
| mwCrossOverTrigLvlBotB, | |
| mwCrossUnderTrigLvlTop, | |
| mwCrossUnderTrigLvlTopB, | |
| mwCrossUnderTrigLvlBot, | |
| mwCrossUnderTrigLvlBotB, | |
| mwAnchor, | |
| mwTrigger, | |
| mwRegTop, | |
| mwRegBot, | |
| mwTrigTop, | |
| mwTrigBot, | |
| mwAnchTop, | |
| mwAnchTopB, | |
| mwAnchBot, | |
| mwAnchBotB] | |
| [mw1, | |
| mw2, | |
| mwv, | |
| mwRedDot, | |
| mwRedDotAnch, | |
| mwRedDotTrig, | |
| mwGreenDot, | |
| mwGreenDotAnch, | |
| mwGreenDotTrig, | |
| mwIsPositive, | |
| mwIsNegative, | |
| mwAboveMw1, | |
| mwBelowMw1, | |
| mwAtTrigLvlTop, | |
| mwAtTrigLvlBot, | |
| mwAtAnchLvlTop, | |
| mwAtAnchLvlBot, | |
| mwRedDotB, | |
| mwGreenDotB, | |
| mwDot, | |
| mwDotB, | |
| mwCrossOverZero, | |
| mwCrossOverZeroB, | |
| mwCrossUnderZero, | |
| mwCrossUnderZeroB, | |
| mwCrossZero, | |
| mwCrossZeroB, | |
| mwCrossOverTrigLvl, | |
| mwCrossOverTrigLvlB, | |
| mwCrossUnderTrigLvl, | |
| mwCrossUnderTrigLvlB, | |
| mwCrossOverTrigLvlTop, | |
| mwCrossOverTrigLvlTopB, | |
| mwCrossOverTrigLvlBot, | |
| mwCrossOverTrigLvlBotB, | |
| mwCrossUnderTrigLvlTop, | |
| mwCrossUnderTrigLvlTopB, | |
| mwCrossUnderTrigLvlBot, | |
| mwCrossUnderTrigLvlBotB, | |
| mwAnchor, | |
| mwTrigger, | |
| mwRegTop, | |
| mwRegBot, | |
| mwTrigTop, | |
| mwTrigBot, | |
| mwAnchTop, | |
| mwAnchTopB, | |
| mwAnchBot, | |
| mwAnchBotB] = mwe(trigLvl = i_mwTriggerLvl, anchLvl = i_mwAnchorLvl) | |
| // MW: PLOT | |
| var mwPlotFast = plot( | |
| title = "MW Fast", | |
| series = mw1, | |
| color = color.new(LIGHTBLUE, 21), | |
| style = plot.style_area, | |
| linewidth = 0) | |
| var mwPlotSlow = plot( | |
| title = "MW Slow", | |
| series = mw2, | |
| color = color.new(DARKBLUE, 21), | |
| style = plot.style_area, | |
| linewidth = 0) | |
| var mwPlotCrossDot = plot( | |
| title = "MW Cross Dot", | |
| series = (mwRedDot or mwGreenDot) ? mw2 : na, | |
| color = mw2 - mw1 > 0 ? mwTrigTop ? PINK : color.new(#802860, 10) : mwTrigBot ? TEAL : color.new(#288074, 10), | |
| style = plot.style_circles, | |
| linewidth = 2) |
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