OPEN-SOURCE SCRIPT
Kewme

//version=5
indicator("EMA 9/15 + ATR TP/SL Separate Boxes (No Engulfing)", overlay=true, max_lines_count=500, max_boxes_count=500)
// ===== INPUTS =====
atrLen = input.int(14, "ATR Length")
slMult = input.float(1.0, "SL ATR Multiplier")
rr = input.float(2.0, "Risk Reward")
// ===== EMA =====
ema9 = ta.ema(close, 9)
ema15 = ta.ema(close, 15)
plot(ema9, color=color.green, title="EMA 9")
plot(ema15, color=color.red, title="EMA 15")
// ===== TREND STATE =====
var int trendState = 0
// ===== ATR =====
atr = ta.atr(atrLen)
// ===== Indecision =====
bodySize = math.abs(close - open)
candleRange = high - low
indecision = bodySize <= candleRange * 0.35
// ===== SIGNAL CONDITIONS (NO Engulfing) =====
buySignal =
ema9 > ema15 and
trendState != 1 and
indecision[1] and
close > ema9
sellSignal =
ema9 < ema15 and
trendState != -1 and
indecision[1] and
close < ema9
// ===== UPDATE TREND STATE =====
if buySignal
trendState := 1
if sellSignal
trendState := -1
// ===== SL & TP =====
buySL = close - atr * slMult
buyTP = close + atr * slMult * rr
sellSL = close + atr * slMult
sellTP = close - atr * slMult * rr
// ===== PLOTS =====
plotshape(buySignal, text="BUY", style=shape.labelup, location=location.belowbar, color=color.green, size=size.tiny)
plotshape(sellSignal, text="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, size=size.tiny)
// ===== VARIABLES =====
var line buySLLine = na
var line buyTPLine = na
var line sellSLLine = na
var line sellTPLine = na
var box buySLBox = na
var box buyTPBox = na
var box sellSLBox = na
var box sellTPBox = na
// ===== BUY SIGNAL =====
if buySignal
// Delete previous
if not na(buySLLine)
line.delete(buySLLine)
line.delete(buyTPLine)
box.delete(buySLBox)
box.delete(buyTPBox)
// Draw lines
buySLLine := line.new(bar_index, buySL, bar_index + 15, buySL, color=color.red, width=2)
buyTPLine := line.new(bar_index, buyTP, bar_index + 15, buyTP, color=color.green, width=2)
// Draw separate boxes
buySLBox := box.new(bar_index, buySL - atr*0.1, bar_index + 15, buySL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70))
buyTPBox := box.new(bar_index, buyTP - atr*0.1, bar_index + 15, buyTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70))
// ===== SELL SIGNAL =====
if sellSignal
// Delete previous
if not na(sellSLLine)
line.delete(sellSLLine)
line.delete(sellTPLine)
box.delete(sellSLBox)
box.delete(sellTPBox)
// Draw lines
sellSLLine := line.new(bar_index, sellSL, bar_index + 15, sellSL, color=color.red, width=2)
sellTPLine := line.new(bar_index, sellTP, bar_index + 15, sellTP, color=color.green, width=2)
// Draw separate boxes
sellSLBox := box.new(bar_index, sellSL - atr*0.1, bar_index + 15, sellSL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70))
sellTPBox := box.new(bar_index, sellTP - atr*0.1, bar_index + 15, sellTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70))
indicator("EMA 9/15 + ATR TP/SL Separate Boxes (No Engulfing)", overlay=true, max_lines_count=500, max_boxes_count=500)
// ===== INPUTS =====
atrLen = input.int(14, "ATR Length")
slMult = input.float(1.0, "SL ATR Multiplier")
rr = input.float(2.0, "Risk Reward")
// ===== EMA =====
ema9 = ta.ema(close, 9)
ema15 = ta.ema(close, 15)
plot(ema9, color=color.green, title="EMA 9")
plot(ema15, color=color.red, title="EMA 15")
// ===== TREND STATE =====
var int trendState = 0
// ===== ATR =====
atr = ta.atr(atrLen)
// ===== Indecision =====
bodySize = math.abs(close - open)
candleRange = high - low
indecision = bodySize <= candleRange * 0.35
// ===== SIGNAL CONDITIONS (NO Engulfing) =====
buySignal =
ema9 > ema15 and
trendState != 1 and
indecision[1] and
close > ema9
sellSignal =
ema9 < ema15 and
trendState != -1 and
indecision[1] and
close < ema9
// ===== UPDATE TREND STATE =====
if buySignal
trendState := 1
if sellSignal
trendState := -1
// ===== SL & TP =====
buySL = close - atr * slMult
buyTP = close + atr * slMult * rr
sellSL = close + atr * slMult
sellTP = close - atr * slMult * rr
// ===== PLOTS =====
plotshape(buySignal, text="BUY", style=shape.labelup, location=location.belowbar, color=color.green, size=size.tiny)
plotshape(sellSignal, text="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, size=size.tiny)
// ===== VARIABLES =====
var line buySLLine = na
var line buyTPLine = na
var line sellSLLine = na
var line sellTPLine = na
var box buySLBox = na
var box buyTPBox = na
var box sellSLBox = na
var box sellTPBox = na
// ===== BUY SIGNAL =====
if buySignal
// Delete previous
if not na(buySLLine)
line.delete(buySLLine)
line.delete(buyTPLine)
box.delete(buySLBox)
box.delete(buyTPBox)
// Draw lines
buySLLine := line.new(bar_index, buySL, bar_index + 15, buySL, color=color.red, width=2)
buyTPLine := line.new(bar_index, buyTP, bar_index + 15, buyTP, color=color.green, width=2)
// Draw separate boxes
buySLBox := box.new(bar_index, buySL - atr*0.1, bar_index + 15, buySL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70))
buyTPBox := box.new(bar_index, buyTP - atr*0.1, bar_index + 15, buyTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70))
// ===== SELL SIGNAL =====
if sellSignal
// Delete previous
if not na(sellSLLine)
line.delete(sellSLLine)
line.delete(sellTPLine)
box.delete(sellSLBox)
box.delete(sellTPBox)
// Draw lines
sellSLLine := line.new(bar_index, sellSL, bar_index + 15, sellSL, color=color.red, width=2)
sellTPLine := line.new(bar_index, sellTP, bar_index + 15, sellTP, color=color.green, width=2)
// Draw separate boxes
sellSLBox := box.new(bar_index, sellSL - atr*0.1, bar_index + 15, sellSL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70))
sellTPBox := box.new(bar_index, sellTP - atr*0.1, bar_index + 15, sellTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70))
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.