vdubus

VDUB_Rejection_Spike_V3

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VDUB_Rejection_Spike_V3
Re added support / resistance levels from _v1
Additional Donchain channel modified RS             outer support / resistance level
Added trend colour change EMA
Removed Channel walls

* Still need to work on Buy & sell entries signals
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study("VDUB_Rejection_Spike_V3", overlay=true, shorttitle="VDUB_Rejection_Spike_V3")
//====================Candle Body channel=========================
len = input(13, minval=1, title="EMA 1")
src = input(close, title="Source")
out = ema(src, len)
plot(out, title="EMA 1", color=white, style=line, linewidth=1)
last8h = highest(close, 13)
lastl8 = lowest(close, 13)
bearish = cross(close,out) == 1 and close[1] > close 
bullish = cross(close,out) == 1 and close[1] < close 
channel2=input(false, title="Bar Channel On/Off")
ul2=plot(channel2?last8h:last8h==nz(last8h[1])?last8h:na, color=black, linewidth=1, style=linebr, title="Candle body resistance level top", offset=0)
ll2=plot(channel2?lastl8:lastl8==nz(lastl8[1])?lastl8:na, color=black, linewidth=1, style=linebr, title="Candle body resistance level bottom", offset=0)
//===============================================================//
//-------------LB---------------------------
channel=input(false, title="Resistance Channel 2 On/Off")
up = close<nz(up[1]) and close>down[1] ? nz(up[1]) : high
down = close<nz(up[1]) and close>down[1] ? nz(down[1]) : low
ul=plot(channel?up:up==nz(up[1])?up:na, color=red, linewidth=1, style=linebr, title="Resistance Level top", offset=0)
ll=plot(channel?down:down==nz(down[1])?down:na, color=green, linewidth=1, style=linebr, title="Resistance level bottom", offset=0)
// Moddified [RS]Support and Resistance V0
RST = input(title='Support / Resistance length:', type=integer, defval=21)
RSTT = valuewhen(high >= highest(high, RST), high, 0)
RSTB = valuewhen(low <= lowest(low, RST), low, 0)
RT2 = plot(RSTT, color=RSTT != RSTT[1] ? na : red, linewidth=1, offset=0)
RB2 = plot(RSTB, color=RSTB != RSTB[1] ? na : green, linewidth=1, offset=0)
//===============================================================//
//-----Moddified [RS]Fractals V2
length = 55  
filterFractals = input(true, title=" Signal filter On/Off")
ftop = high[2] > high[3] and high[2] > high[4] and high[2] > high[1] and high[2] > high[0]
fbot = low[2] < low[3] and low[2] < low[4] and low[2] < low[1] and low[1] < low[0]
topf = ftop ? high[2] >= highest(high, length) ? true : false : false
botf = fbot ? low[2] <= lowest(low, length) ? true : false : false
filteredtopf = filterFractals ? topf : ftop
filteredbotf = filterFractals ? botf : fbot
plotshape(filteredtopf, style=shape.triangledown, location=location.abovebar, color=maroon, text="***SELL***", offset=-1)
plotshape(filteredbotf, style=shape.triangleup, location=location.belowbar, color=green,text="***BUY***", offset=-1)
//--------------------Two colour ema-------------------------------------------------////
src0 = close, len0 = input(13, minval=1, title="EMA 2")
ema0 = ema(src0, len0)
plot_color = ema0 >= ema0[2]  ? lime: ema0 < ema0[2] ? red : na
plot(ema0, title="EMA 2", style=line, linewidth=1, color = plot_color)
//=======================================================================================//
Alphaoptions
a year ago

Nice job, Thanks for letting us see this develop over several generations.
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vdubus PRO Alphaoptions
a year ago
Thank, ye it a very powerful ,strategy I use it often.
I see you working your way through all my indicators but tgis has to be the ultimate. There was way to much configuration so RS coded this up for me. Its the same as the Trend master wall but as he posted the script he gets the browny points
[RS]VDUB-TRENDMASTER IV V0.01
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