MarcoValente

true trend

877 1 82
Easy way to look at the Trend , but still accurate. Top bar is DI +, DI - , bars change in yellow when a swing happen, histogram show the increase/decrease of Min and Max and Open-Close; 2 lines moving between +1 and - 1 folloiwng 3 Ema crossing ; a Dot (diamond shape) appear on the botton when volatility increase and finally a " + " show when volume are much bigger the usually. Yellow line on top is Willams % and help us to find top and bottom of the market.
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// by Marco
study("true trend")
len=input(10,title="period ema 1")
lena=input(20,title="period ema 2")
lenb=input(50,title="period ema 3")
mom=input(3,title="period momentum")
vol=volume
cl=close
c=(close+2*close[1]+close[2])/4
h=(high+2*high[1]+2*high[2]+high[3])/6
l=(low+2*low[1]+2*low[2]+low[3])/6
shl=(hl2+2*hl2[1]+hl2[2])/4
// volume change 
ov=sma(vol,mom)-sma(vol,len)
ovm=abs(ov-ov[1])
qq=ovm>5*ovm[1]  ? -2:na
vv=qq
vcc=qq==-2? teal :na
//change of  min and max 
up=low>low[3] ? .6 : high<high[3] ? -.6:0.3
//close and median price
cu=c>shl ? 0.5 :c<shl ? -0.5:0.3
//Moment of MA min and Max 
uma=sma(low,mom)>sma(low,mom*2)[1]?  1:sma(high,mom)<sma(high,mom*2)[1]? -1:0
//Gann Swing
hld = iff(close > sma(high,mom)[1], 1, iff(close<sma(low,mom)[1],-1, 0))
hlv = valuewhen(hld != 0, hld, 1)
//code for Plot Statements
hi = hlv == -1 ? sma(high, mom) : na
lo = hlv == 1 ? sma(low,mom) : na
closeAbove() =>  close > hi and close[1] < hi
BHcloseAbove =  close > hi and close[1] < hi
closeBelow() => close < lo and close[1] > lo
BHcloseBelow = close < lo and close[1] > lo

barcolor(closeAbove() ? yellow : na)
barcolor(closeBelow() ? yellow : na)
//Background Highlight Rules
plotshape(BHcloseAbove,style=shape.arrowup,size=size.small,location=location.bottom,color=lime ,title="Swing Up", transp=20)
plotshape(BHcloseBelow,style=shape.arrowdown,size=size.small,location=location.bottom,color=red , title="Swing Down",transp=20)
//DI+ and DI-
upz = change(high)
down = -change(low)
trur = rma(tr, len)
plus = fixnan(100 * rma(upz > down and upz > 0 ? upz : 0, len) / trur)
minus = fixnan(100 * rma(down > upz and down > 0 ? down : 0, len) / trur)
sum = plus + minus 
adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), len)
di=plus-minus
df=di>=0? lime :red
oo=1.6
zs=2
o=plot(oo,color=df,title="Diretion Index color",transp=100)
wq=plot(zs,color=df,title="Diretion Index color",transp=100)
fill(o,wq,color=df,transp=40)
// volatility ( ATR )
vo=atr(mom)>=atr(len) ? 1:0
// 3 Ema crossing
ma=ema(cl,len)>ema(cl,lena)? 1.2: -1.2
mma= ma==1.2 and ema(cl,lena)>ema(cl,lenb) ? 1: ma==-1.2 and ema(cl,lena)<ema(cl,lenb)?-1 :0
//colors
co=ma>=0?teal:red
colb=uma>=0?lime:red
col=up==.6? green :up==-.6? red:blue
cola=cu==0.5? green :cu==-0.5? orange :blue
mms=asin(mma)/0.7
cm=mms>=0?white:fuchsia
//willams %R sharpen by Fish trans.
length = input(50, minval=1)
upper = highest(length)
lower = lowest(length)
out =iff (2*(.5+(close - upper) / (upper - lower))>.999,2*(.5+(close - upper) / (upper - lower))+.5*(.999),0)
iff (2*(.5+(close - upper) / (upper - lower))<-.999,2*(.5+(close - upper) / (upper - lower))+.5*(-.999),0)
tt=out==0?2*(.5+(close - upper) / (upper - lower))+.5*(out[1]):out
ou=0.25*log((1+tt)/(1-tt))+.5*(tt[1])
//plot
plot(ou,color=yellow,transp=0,title="Willams%R")
plot(up,style=columns,linewidth=1,color=col,transp=50,title="Change Min, Max")
plot(cu,style=histogram,linewidth=6,color=cola,transp=50,title="Close/HL2")
plot(uma,style=columns,linewidth=2, color=colb,transp=70,title="Sma min max Direction")
plotshape(vo,style=shape.diamond,location=location.bottom,title="Volatility Increase",color=aqua)
plot(ma,style=line,color=co,linewidth=2,title="EMA 1,2 Cross(TREND)" )
plot(mms,style=line, color=cm,linewidth=2,title="EMA 3 cross 1,2")
plotchar(vv,color=vcc,char="+",size=size.tiny,location=location.bottom,title="Volume Inc/Dec",transp=20)
hline(0)
hline(-3)
Perfect, thank you, a great job. thank you so much.
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