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Spyfrat Momentum Study

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Spyfrat Momentum Study
--> using the following
1) RSI
2) Boellinger Band
3) PSAR Measurement Algorithm
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//@version=2
study("Spyfrat Momentum Study",overlay=true)

// BB Init
source = close
length = input(50, minval=1)
mult = input(0.2, title="Mult Factor", minval=0.001, maxval=50)
alertLevel=input(0.1)
impulseLevel=input(0.75)
showRange = input(false, type=bool)

//RSI CODE
src = close, 
up = rma(max(change(src), 0), 30)
down = rma(-min(change(src), 0), 30)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

//BB CODE
basis = sma(source, length)
dev = mult * stdev(source, length)
upper = basis + dev
lower = basis - dev
bbr = source>upper?(((source-upper)/(upper-lower))/10): source<lower?(((source-lower)/(upper-lower))/10) : 0.05
bbi = bbr - nz(bbr[1]) 

//psar code 
start = input(0.02)
increment = input(0.02)
maximum = input(0.2)
psar = sar(start, increment, maximum)
diff = (close - psar)*10000
diff1 = (close [200] - psar)*10000
guage = diff - diff1




//Rule
//long = rsi>50.5 and rsi<55 and  bbi>0.15  and osc>0.00100 and conso>0
//short = rsi<49.5 and rsi>45 and  bbi<-0.15 and osc<-0.00100 and conso>0

long = rsi>50 and rsi<60 and  close>upper and guage>10  and bbi>0.10
short = rsi<50 and rsi>40 and close<lower and guage<-10 and bbi <-0.10
//
//long = long1[1] == 0 and long1 == 1
//short = short1[1] == 0 and short1 == 1
//longclose = long[5] == 1
//shortclose = short[5] == 1

//Alert

//plot(long,"long",color=green,linewidth=1)
//plot(short,"short",color=red,linewidth=1)
plotshape(long, color=green, style=shape.arrowup, text="Spyfrat Buy",location=location.belowbar,size=size.normal,textcolor=green) 
alertcondition(long, title='Spyfrat Buy', message='Spyfrat Momentum Buy!')
plotshape(short, color=red, style=shape.arrowdown, text="Spyfrat Sell",location=location.abovebar,size=size.normal,textcolor=red) 
alertcondition(short, title='Spyfrat Sell', message='Spyfrat Momentum Sell!')

//strategy.exit(id="Stop", profit = 20, loss = 100)
plot(close)
mgiuliani
4 months ago
Interesting view, thank you.
This is mine:

EURUSD
Reply
ShastryAnanth
4 months ago
I am not able to generate the bottom indicator. Great work...but need ur help.
Reply
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