Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
152 views1 page

Script 2

This document contains a Pine Script code for a trading indicator named 'EL MEHDI' that utilizes the Average True Range (ATR) to determine market trends and generate buy/sell signals. It allows users to customize parameters such as ATR period, multiplier, and signal visibility. The script plots up and down trend lines, highlights trends, and includes alert conditions for trend changes and buy/sell signals.

Uploaded by

imadbrih
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
152 views1 page

Script 2

This document contains a Pine Script code for a trading indicator named 'EL MEHDI' that utilizes the Average True Range (ATR) to determine market trends and generate buy/sell signals. It allows users to customize parameters such as ATR period, multiplier, and signal visibility. The script plots up and down trend lines, highlights trends, and includes alert conditions for trend changes and buy/sell signals.

Uploaded by

imadbrih
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
You are on page 1/ 1

//@version=4

study("EL MEHDI", overlay = true, format=format.price, precision=2, resolution="")

Periods = input(title="ATR Period", type=input.integer, defval=10)


src = input(hl2, title="Source")
Multiplier = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0)
changeATR= input(title="Change ATR Calculation Method ?", type=input.bool,
defval=true)
showsignals = input(title="Show Buy/Sell Signals ?", type=input.bool, defval=true)
highlighting = input(title="Highlighter On/Off ?", type=input.bool, defval=true)
atr2 = sma(tr, Periods)
atr= changeATR ? atr(Periods) : atr2
up=src-(Multiplier*atr)
up1 = nz(up[1],up)
up := close[1] > up1 ? max(up,up1) : up
dn=src+(Multiplier*atr)
dn1 = nz(dn[1], dn)
dn := close[1] < dn1 ? min(dn, dn1) : dn
trend = 1
trend := nz(trend[1], trend)
trend := trend == -1 and close > dn1 ? 1 : trend == 1 and close < up1 ? -1 : trend
upPlot = plot(trend == 1 ? up : na, title="Up Trend", style=plot.style_linebr,
linewidth=2, color=color.green)
buySignal = trend == 1 and trend[1] == -1
plotshape(buySignal ? up : na, title="UpTrend Begins", location=location.absolute,
style=shape.circle, size=size.tiny, color=color.green, transp=0)
plotshape(buySignal and showsignals ? up : na, title="Buy", text="Buy",
location=location.absolute, style=shape.labelup, size=size.tiny, color=color.green,
textcolor=color.white, transp=0)
dnPlot = plot(trend == 1 ? na : dn, title="Down Trend", style=plot.style_linebr,
linewidth=2, color=color.red)
sellSignal = trend == -1 and trend[1] == 1
plotshape(sellSignal ? dn : na, title="DownTrend Begins",
location=location.absolute, style=shape.circle, size=size.tiny, color=color.red,
transp=0)
plotshape(sellSignal and showsignals ? dn : na, title="Sell", text="Sell",
location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.red,
textcolor=color.white, transp=0)
mPlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0)
longFillColor = highlighting ? (trend == 1 ? color.green : color.white) :
color.white
shortFillColor = highlighting ? (trend == -1 ? color.red : color.white) :
color.white
fill(mPlot, upPlot, title="UpTrend Highligter", color=longFillColor)
fill(mPlot, dnPlot, title="DownTrend Highligter", color=shortFillColor)
alertcondition(buySignal, title="SuperTrend Buy", message="SuperTrend Buy!")
alertcondition(sellSignal, title="SuperTrend Sell", message="SuperTrend Sell!")
changeCond = trend != trend[1]
alertcondition(changeCond, title="SuperTrend Direction Change", message="SuperTrend
has changed direction!")

You might also like