soru

soru dynamics®

114
Hi
this is reworked version dynamics indicator I published earlier. Now it's automatic - no input required.
It shows current TF bias and also longer term bias. Just choose TF and see how it draws channels.

My favourite TFs I use with that indicator are: 1m, 5m, 15m, 2h, 1D

Have fun and let me know what do you think about it.

Cheers
soru
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

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Want to use this script on a chart?
study(title="soru dynamics®", shorttitle="soru dynamics®", overlay=true)
//input
periods=200
k = ismonthly? "M" : isweekly? "W" : isdaily ? "D" : ""
TW1 = tostring(interval)+k 
TW2 = tostring(interval*8)+k
s_TW1 = input(defval=true, title='Render TW1 Dynamics')
s_TW2 = input(defval=true, title='Render TW2 Dynamics')

// script
lvl(x) =>
    sma_l = security(tickerid, x, sma(low, periods))
    sma_h = security(tickerid, x, sma(high, periods))
    sma_m = sma_l+(sma_h-sma_l)/2
    k = close >= sma_m ? 1 : -1
    cond = sma_h-sma_l
    a = k > 0 ? ((abs(close - sma_h)/cond)/2.5) : ((abs(close - sma_l)/cond)/2.5)     
    m_1 = round(a)*2.5
    m_2 = round(a)*2.5+2.5
    m_3 = round(a)*2.5-2.5
    l = round(a)*2.5 < 5 ? sma_l : na
    h = round(a)*2.5 < 5 ? sma_h : na
    j= k==1 ? sma_h : sma_l
    lvl1 = j + k*m_1*cond
    lvl2 = j + k*m_2*cond
    lvl3 = j +k*m_3*cond
    [l, h, lvl1,lvl2,lvl3]

lc = security(tickerid, TW2, sma(low, periods))
hc = security(tickerid, TW2, sma(high, periods))
TW1_col = close > hc ? #579951 : close < lc ? #ca3925 : #747258    
TW2_col = black
[l1,h1, u1,u2,u3] = lvl(TW1)
plot_l1=plot(s_TW1 ? l1 : na, style=circles, color = TW1_col)
plot_h1=plot(s_TW1 ? h1 : na, style=circles, color = TW1_col)
plot(s_TW1 ? u1 : na, style=circles, color = TW1_col)
plot(s_TW1 ? u2 : na, style=circles, color = TW1_col)
plot(s_TW1 ? u3 : na, style=circles, color = TW1_col)
fill(plot_l1,plot_h1,transp=70,color=gray)
[l2, h2, d1, d2, d3] = lvl(TW2)
plot_l2=plot(s_TW2 ? l2 : na, style=circles, color= TW2_col)
plot_h2=plot(s_TW2 ? h2 : na, style=circles, color= TW2_col)
plot(s_TW2 ? d1 : na, style=circles, color= TW2_col)
plot(s_TW2 ? d2 : na, style=circles, color= TW2_col)
plot(s_TW2 ? d3 : na, style=circles, color= TW2_col)
fill(plot_l2,plot_h2,transp=70,color=gray)