CapnOscar

CapnsBandsV2

Here is the 2nd version of CapnsBandsV2 for Mateys... Remind you this a trend indicator NOT a BUY and SELL. Its up to you how you read it. Defaults for Smaller TF like 15Mnts. Enjoy it. :)
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//Coded by CapnOscar on 16.04.2015 - Say Thanks?
study(shorttitle="CapnsBBV2", title="CapnsBandsV2", overlay=true)

//Define Variables
max = 80
hi = 70
mup = 50.5
mdo = 49.5
lo = 30
min = 20

//MiniTrend
src1 = close, len1 = input(21, minval=1, title="MiniTrend RSI")
up1 = rma(max(change(src1), 0), len1)
down1 = rma(-min(change(src1), 0), len1)
rsi1 = down1 == 0 ? 100 : up1 == 0 ? 0 : 100 - (100 / (1 + up1 / down1))

//MajorTrend
src2 = close, len2 = input(84, minval=1, title="MajorTrend")
up2 = rma(max(change(src2), 0), len2)
down2 = rma(-min(change(src2), 0), len2)
rsi2 = down2 == 0 ? 100 : up2 == 0 ? 0 : 100 - (100 / (1 + up2 / down2))
rsi2c = rsi2 > mup ? lime : rsi2 < mdo ? red : rsi2 == 50 ? aqua : aqua

// paint candles according rsicrossings
pb = input(title="Paint Bars", type=bool, defval=true)
barcolor(pb and rsi2 > mup ? close > open ? lime : green : pb and rsi2 < mdo ? close > open ? red : maroon : close > open ? aqua : navy)

//TakeProfit Its not ready yet will Check later
//signb = iff(rsi2 < mdo and rsi1[1] < lo and rising(rsi1, 1), low, na)
//plb = plotshape(signb, style=shape.triangleup, location=location.belowbar, color = green, textcolor = green, text="$" )

// Paint CapnsBands
BBlength = input(80, minval=1)
src = input(close, title="Source")
mult = input(2.0, minval=0.001, maxval=50)
basis = sma(src, BBlength)
dev = mult * stdev(src, BBlength)
upper = basis + dev
lower = basis - dev
p0 = plot(basis, linewidth=3, color=rsi2c)
p1 = plot(upper, color=green)
p2 = plot(lower, color=red)
fill(p1, p0, color=green, transp=95)
fill(p0, p2, color=red, transp=95)

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