patrickestarian

Patrick's Buy/Sell Histogram

Simply look for a 12 point long bar and that's a perfect time to buy the security
Remove from Favorite Scripts Add to Favorite Scripts
study(title="My Index", shorttitle="Patrick's Buy/Sell Histogram", overlay=false)
len1 = input(title="EMA Len 1", type=integer, defval=16, minval=1)
len2 = input(title="EMA Len 2", type=integer, defval=4, minval=1)
len3 = input(title="Lowest Trailer Len", type=integer, defval=3, minval=1)

typical = (low + high + open + close + close) / 5
hline(0, color=gray, linewidth=1, linestyle=line, title="Zero Line")
ema1 = ema(typical, len1)
ema2 = ema(typical, len2)
diff = 100*(ema2-ema1)/ema2
plot(diff, color=blue, title="Diff Curve")
lwst = lowest(diff[1], len3)
lwstma = sma(lwst, 3)
plot(lwstma, color=red, title="Lowest Trailer")

trnd1 = iff(ema1>ema1[1]*1.001, 2, 0)
trnd2 = iff(ema2>ema2[1]*1.001, 1, 0)
trnd3 = iff(diff>=lwstma, 2, 0)
trnd4 = iff(lowest(diff[1], len2)<highest(lwstma[1], len2), 2, 0)
trnd5 = iff(diff>diff[1], 2, 0)
trnd6 = iff(low[1]>ema1[1] and low<ema1, 0, 1)
trnd7 = iff(diff<0, 1, 0)
uplo=trnd1+trnd2+trnd3+trnd4+trnd5+trnd6+trnd7
col0=iff(uplo<12, #009900, #007A00)
col1=iff(uplo<10, #4DB84D, col0)
col2=iff(uplo<8, #ADD633, col1)
col3=iff(uplo<7, #99B280, col2)
col4=iff(uplo<5, #E0A366, col3)
col5=iff(uplo<3, #FF3333, col4)
plot(uplo, color=col5, style=histogram, linewidth=4, title="Histogram")
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out