192 1 10
Update to Trend v2.2
fixed a bug in rsi functionality hopes this kills the repainting issue noted. also added a swing wave time count. Paints blocks white when the desired swing threshold has been met. Could be useful for trend exhaustion warning. Anyhoo, thanks for taking a peek at this. Hope it is useful.
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//@version=2
study("Trend v2.3", overlay=true)
tf = period=="1"?"3":period=="3"?"5":period=="5"?"15":period=="15"?"30":period=="30"?"45":
      period=="45"?"90":period=="60"?"120":period=="120"?"180":period=="180"?"240":period=="240"?"D":
      period=="D"?"W":period=="W"?"M":period=="M"?"3M":period
overlay = input(false, title="Show Trend Color?")
mode    = input(false, title="RSI mode?")
Period  = input(5, title="Length")
Period2 = input(3, title="Signal")
src     = input(close, title="Source", type=source)
up      = security(tickerid,tf ,rma(max(change(src), 0), Period),false)
down    = security(tickerid,tf ,rma(-min(change(src), 0), Period),false)
rsi     = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
OB      = input(70)
OS      = input(30)
trend   = rsi>=OB?teal:rsi<=OS?maroon:na
trendid = rsi>=OB?1:rsi<=OS?-1:0
p1      = input(defval=3,minval=2,title="Up length")
p2      = input(defval=3,minval=2, title="Down length")
p3      = input(8, title="Swing threshold", minval=0)
cross_s = cross(sma(hlc3,p1) , sma(hlc3,p2)[1])
tick = barssince(cross_s)
barcolor(overlay?trend:na, color=trend)
rsio    = rsi>=OB?rsi:rsi<=OS?rsi:na
col     = rsi>=OB and rsi>=rsi[1]?teal:rsi<=OS and rsi<=rsi[1]?maroon:blue
plotshape(tick>=p3?tick:na, style=shape.square, color=white, transp=0, location=location.bottom)
plotshape(trendid==1?trendid:na, style=shape.square, color=tick>=p3?white:teal, location=location.bottom, transp=0)
plotshape(trendid==-1?trendid:na,style=shape.square, color=tick>=p3?white:maroon,location=location.bottom, transp=0)
plot(mode?rsi:na, color=white,linewidth=2, transp=0)
plot(mode?wma(rsi,Period2):na, color=maroon,linewidth=2, transp=0)
plot(mode?OB:na, color=#2F4F4F, transp=0)
plot(mode?OS:na, color=#2F4F4F, transp=0)
barcolor(overlay?col:na)
Ede
10 months ago
Hello .. thank you for this system but the dots still repaint when we change the time frame and come back to the previous time frame. Please try to improve this system
Reply
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