glaz

TD Sequential

6488
TD Sequential with candle counting
S/R lines by johan.gradin https://www.tradingview.com/u/johan.grad...
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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
study("TD Sequential",overlay=true)
transp=input(0)
Numbers=input(true)
SR=input(true)
Barcolor=input(true)
TD = close > close[4] ?nz(TD[1])+1:0
TS = close < close[4] ?nz(TS[1])+1:0

TDUp = TD - valuewhen(TD < TD[1], TD , 1 )
TDDn = TS - valuewhen(TS < TS[1], TS , 1 )
plotshape(Numbers?(TDUp==1?true:na):na,style=shape.triangledown,text="1",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==2?true:na):na,style=shape.triangledown,text="2",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==3?true:na):na,style=shape.triangledown,text="3",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==4?true:na):na,style=shape.triangledown,text="4",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==5?true:na):na,style=shape.triangledown,text="5",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==6?true:na):na,style=shape.triangledown,text="6",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==7?true:na):na,style=shape.triangledown,text="7",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==8?true:na):na,style=shape.triangledown,text="8",color=green,location=location.abovebar,transp=transp)
plotshape(Numbers?(TDUp==9?true:na):na,style=shape.triangledown,text="9",color=green,location=location.abovebar,transp=transp)

plotshape(TDDn==1?true:na,style=shape.triangleup,text="1",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==2?true:na,style=shape.triangleup,text="2",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==3?true:na,style=shape.triangleup,text="3",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==4?true:na,style=shape.triangleup,text="4",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==5?true:na,style=shape.triangleup,text="5",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==6?true:na,style=shape.triangleup,text="6",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==7?true:na,style=shape.triangleup,text="7",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==8?true:na,style=shape.triangleup,text="8",color=red,location=location.belowbar,transp=transp)
plotshape(TDDn==9?true:na,style=shape.triangleup,text="9",color=red,location=location.belowbar,transp=transp)

//------------//
// Sell Setup //
//------------//
priceflip = barssince(close<close[4])
sellsetup = close>close[4] and priceflip
sell = sellsetup and barssince(priceflip!=9)
sellovershoot = sellsetup and barssince(priceflip!=13)
sellovershoot1 = sellsetup and barssince(priceflip!=14)
sellovershoot2 = sellsetup and barssince(priceflip!=15)
sellovershoot3 = sellsetup and barssince(priceflip!=16)

//----------//
// Buy setup//
//----------//
priceflip1 = barssince(close>close[4])
buysetup = close<close[4] and priceflip1
buy = buysetup and barssince(priceflip1!=9)
buyovershoot = barssince(priceflip1!=13) and buysetup
buyovershoot1 = barssince(priceflip1!=14) and buysetup
buyovershoot2 = barssince(priceflip1!=15) and buysetup
buyovershoot3 = barssince(priceflip1!=16) and buysetup

//----------//
// TD lines //
//----------//
TDbuyh = valuewhen(buy,high,0)
TDbuyl = valuewhen(buy,low,0)
TDsellh = valuewhen(sell,high,0)
TDselll = valuewhen(sell,low,0)

//----------//
//   Plots  //
//----------//

plot(SR?(TDbuyh ? TDbuyl: na):na,style=circles, linewidth=1, color=red)
plot(SR?(TDselll ? TDsellh : na):na,style=circles, linewidth=1, color=lime)
barcolor(Barcolor?(sell? #FF0000 : buy? #00FF00 : sellovershoot? #FF66A3 : sellovershoot1? #FF3385 : sellovershoot2? #FF0066 : sellovershoot3? #CC0052 : buyovershoot? #D6FF5C : buyovershoot1? #D1FF47 : buyovershoot2? #B8E62E : buyovershoot3? #8FB224 : na):na)