372 0 35
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.
Remove from Favorite Scripts Add to Favorite Scripts
// 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)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out