Another coding mashup experiment
It's as simple as London Underground, when price exits the 'RED' main line board the train & get off at the next platform :)
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study("London_Underground_V0", shorttitle="London_Underground_V0", overlay=true)
len = input(21, minval=1, title="Length")
src = input(close, title="Source")
out = ema(src, len)
plot(out, title="EMA", color=blue)
last8h = highest(close,13)
lastl8 = lowest(close, 13)

plot(last8h, color=black,style=line, linewidth=3, title="Upper channel")
plot(lastl8, color=black,style=line, linewidth=3, title="Lower channel")

bearish = cross(close,out) == 1 and close[1] > close 
bullish = cross(close,out) == 1 and close[1] < close 
tf = input('240')
M = input('ATR')
P = input(14.00, type=float)
W = input(1)
pf = pointfigure(tickerid, 'close', M, P, W)
spfc = security(pf, tf, close)
p2 = plot(spfc, color=red, linewidth=4, title="Central Line")
show_cloud = input(true, title="Display Ichimoku Cloud:")
conversionPeriods = input(34, minval=1)
basePeriods = input(26, minval=1)
laggingSpan2Periods = input(52, minval=1)
displacement = input(26, minval=1)
donchian(len) => avg(lowest(len), highest(len))
conversionLine = donchian(conversionPeriods)
baseLine = donchian(basePeriods)
leadLine1 = avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Periods)
plot(not show_cloud ? na : conversionLine, color=green,linewidth=3, style=line, title="Mid line resistance levels")
plot(baseLine, color=maroon, linewidth=4, title="Base Line")

p1 = plot(not show_cloud ? na : leadLine1, offset = displacement, color=white, linewidth=1, title="Lead 1")
p3 = plot(not show_cloud ? na : leadLine2, offset = displacement, color=blue, linewidth=4, title="Lead 2")
fill(p1, p3, color=blue, transp=100)
This is quite interesting, but my hunch is that the center line is repainting after the fact. Am I off? Can you take a sec and explain what the red center line is? Thanks!
vdubus Andyle
Still testing but doesn't get any easier :)
Andyle vdubus
Ow, i've not tried yet. Just look. Haha
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