rickyzcarroll

Strat Assistant

rickyzcarroll Pro+ Updated   
Strat Assistant
This script will help you follow the strat.  While other collections of scripts exist to do similar functionality, the idea of this (work in progress) is to be a one stop shop for all things strat that will evolve over time. Fairly new to the strat and pine script.  The script is for informational purposes only.  Please do you due diligence.

Features:
=Candle numbering: will number candles underneath based on the prior candle.  1 for an inside bar 2 for a directional bar (up or down) and 3 for an outside bar. 
=Candle coloring: will highlight candles.  Yellow for an inside candle, magenta for an outside candle, red for a 2 down candle, green for a 2 up candle.  It will not modify the outside border of the candle so you can still see green if the open was lower than the close or red if the close was below open.  
=Candle shape: will place an arrow up if the 2 candle is a directional UP and arrows down if the 2 candle is a directional DOWN.  It will display red if it's bearish and green if it's bullish .  
=Strat combos: will provide a text description of all currently applicable strat combinations if they are active at the top right of the chart. It will display red if it's bearish and green if it's bullish .  
=Actionable signals: will provide text description of actionable signals if they are active on the bottom right of the chart. Inside bar if the bar is inside the prior bar, the color of this signal will be blue (shows better on white background). Hammer will be 75% of the candle is at the bottom and the open and close are above the 75% of the wick. Hammers will display green for bullish . Shooters are just the opposite of hammers, 75% of the wick is at the top and the open and close are below 75% of the wick. Shooters will display at red for bearish .
=Time Frame Continuity: will provide time frame continuity across 15m, 30m, Hour, Day, Week, Quarter, Year with green arrows up if the close is above the open for the given time frame, or red arrows down if the close is below the open for the given time frame. This will also look to determine if the time frame is applicable based on what time frame the user selects as well as ensures history exists for the given time frame.

Backlog / Work in progress:
=Opacity for time frame continuity
=Line indicators (or maybe just a label) for highs and lows of previous periods (hour, day, week, quarter)
=Alert conditions
=User input for various indicators
Release Notes:
v2 Updates

-Made the actional wick percentage an input. Users can change the hammer/shooter percentage to whatever they like (default is 75% of the candle is a wick or 3/4ths)
-Added in previous day high and low lines that can be turned on and off with user input (defaults to ON) and the colors can be changed as well. Defaults high is LIME (close to green), low is MARRON (close to red). This will only display if in intraday or daily (doesn't show if you are looking at anything above a day)
-Added in previous week high and low lines that can be turned on and off with user input (defaults to OFF) and the colors can be changed as well. Default high is ORANGE, low is PURPLE. This will only display if in intraday or daily or weekly (doesn't show if you are looking at anything above weekly)
-Cleaned up full time frame continuity issues - trading view has issues with the period you are selecting vs the period in which to get details. Attempt at a cleanup.
-Added an optional debug flag that can be turned on and off with user input (defaults to off) that will display the values for current high/low of day and week.
Release Notes:
-Put candle coloring back (it looks cleaner with the colors red and green for 2U green and 2D red, can see open and close with border)
-Clean up FTC again, isintraday is a tricky one, 15M time frame works now
-Clean up the chart picture
Release Notes:
-Ran into some limitations of PINE SCRIPT, can only map/plot 64 items. Various cleanup below. May end up splitting this script eventually for performance and added functionality.

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-Got rid of all YEAR indicators. Sorry but something had to go and I don't feel this one provides a ton of value

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-Cleaned up some FTC stuff, was a little buggy before should be better now
-Changed the inside "stuff" (bars, flags, text) to a darker yellow so it shows better on white

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-Added Inside / Outside indicators to Full Time Frame. You'll see an O in fuchsia (matches bar) above the corresponding time frame, or IN in darker yellow (matches bar) above the corresponding time frame.
-Added Four Hour time frame as per the request of others

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-5 minute candle (not sure I can do these... already peaked the limitations of pine script
-Alerts - this will have to be in another script
Release Notes:
Update - getting rid of all "history" checks for full time frame continuity as it is causing issues. If full time frame continuity is the current period... there will always be a current year, quarter, month, week, day, etc. This should resolve all the disappearing issues.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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