Pull Back BF Indicator
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roshjames60Pull Back BF Indicator
Uploaded by
roshjames60Thursday, May 29, 2025 6:24 PM
//@version=4
study("Blackflag FTS", overlay = true, resolution = "")
//{
// # Author: Jose Azcarate
//}
// inputs //
//{
trailType = input("modified", "Trailtype", options = ["modified", "unmodified"])
ATRPeriod = input(28, "ATR Period")
ATRFactor = input(5, "ATR Factor")
show_fib_entries = input(true, "Show Fib Entries?")
norm_o = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, open)
norm_h = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, high)
norm_l = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, low)
norm_c = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, close)
//}
//////// FUNCTIONS //////////////
//{
// Wilders ma //
Wild_ma(_src, _malength) =>
_wild = 0.0
_wild := nz(_wild[1]) + (_src - nz(_wild[1])) / _malength
/////////// TRUE RANGE CALCULATIONS /////////////////
HiLo = min(norm_h - norm_l, 1.5 * nz(sma((norm_h - norm_l), ATRPeriod)))
HRef = norm_l<= norm_h[1] ?
norm_h - norm_c[1] :
(norm_h - norm_c[1]) - 0.5 * (norm_l- norm_h[1])
LRef = norm_h >= norm_l[1] ?
norm_c[1] - norm_l:
(norm_c[1] - norm_l) - 0.5 * (norm_l[1] - norm_h)
trueRange =
trailType == "modified" ? max(HiLo, HRef, LRef) :
max(norm_h - norm_l, abs(norm_h - norm_c[1]), abs(norm_l - norm_c[1]))
//}
/////////// TRADE LOGIC ////////////////////////
//{
loss = ATRFactor * Wild_ma(trueRange, ATRPeriod)
Up = norm_c - loss
Dn = norm_c + loss
TrendUp = Up
TrendDown = Dn
Trend = 1
TrendUp := norm_c[1] > TrendUp[1] ? max(Up, TrendUp[1]) : Up
TrendDown := norm_c[1] < TrendDown[1] ? min(Dn, TrendDown[1]) : Dn
Trend := norm_c > TrendDown[1] ? 1 : norm_c < TrendUp[1]? -1 : nz(Trend[1],1)
trail = Trend == 1? TrendUp : TrendDown
ex = 0.0
ex :=
crossover(Trend, 0) ? norm_h :
crossunder(Trend, 0) ? norm_l :
Trend == 1 ? max(ex[1], norm_h) :
Trend == -1 ? min(ex[1], norm_l) : ex[1]
//}
// //////// PLOT TP and SL /////////////
//{
plot(trail, "Trailingstop", style = plot.style_line, color = Trend == 1 ? color.green : Trend == -1 ? color.red :
na)
plot(ex, "Extremum", style = plot.style_circles, color = Trend == 1? color.lime : Trend == -1? color.fuchsia :
na)
New Section 1 Page 1
na)
//}
////// FIBONACCI LEVELS ///////////
//{
state = Trend == 1 ? "long" : "short"
fib1Level = 61.8
fib2Level = 78.6
fib3Level = 88.6
f1 = ex + (trail - ex) * fib1Level / 100
f2 = ex + (trail - ex) * fib2Level / 100
f3 = ex + (trail - ex) * fib3Level / 100
l100 = trail + 0
Fib1 = plot(f1, "Fib 1", style = plot.style_line, color = color.black)
Fib2 = plot(f2, "Fib 2", style = plot.style_line, color = color.black)
Fib3 = plot(f3, "Fib 3", style = plot.style_line, color = color.black)
L100 = plot(l100, "l100", style = plot.style_line, color = color.black)
fill(Fib1, Fib2, color = state == "long"? color.green : state == "short"? color.red : na)
fill(Fib2, Fib3, color = state == "long"? color.new(color.green, 70) : state == "short"? color.new(color.red,
70) : na)
fill(Fib3, L100, color = state == "long"? color.new(color.green, 60) : state == "short"? color.new(color.red,
60) : na)
l1 = state[1] == "long" and crossunder(norm_c, f1[1])
l2 = state[1] == "long" and crossunder(norm_c, f2[1])
l3 = state[1] == "long" and crossunder(norm_c, f3[1])
s1 = state[1] == "short" and crossover(norm_c, f1[1])
s2 = state[1] == "short" and crossover(norm_c, f2[1])
s3 = state[1] == "short" and crossover(norm_c, f3[1])
atr = sma(trueRange, 14)
/////////// FIB PLOTS /////////////////.
plotshape(show_fib_entries and l1 ? low - atr : na, "LS1", style = shape.triangleup, location =
location.belowbar, color = color.yellow, size = size.tiny)
plotshape(show_fib_entries and l2 ? low - 1.5 * atr : na, "LS2", style = shape.triangleup, location =
location.belowbar, color = color.yellow, size = size.tiny)
plotshape(show_fib_entries and l3 ? low - 2 * atr : na, "LS3", style = shape.triangleup, location =
location.belowbar, color = color.yellow, size = size.tiny)
plotshape(show_fib_entries and s1 ? high + atr : na, "SS1", style = shape.triangledown, location =
location.abovebar, color = color.purple, size = size.tiny)
plotshape(show_fib_entries and s2 ? high + 1.5 * atr : na, "SS2", style = shape.triangledown, location =
location.abovebar, color = color.purple, size = size.tiny)
plotshape(show_fib_entries and s3 ? high + 2 * atr : na, "SS3", style = shape.triangledown, location =
location.abovebar, color = color.purple, size = size.tiny)
//}
//////////// FIB ALERTS /////////////////////
//{
alertcondition(l1, title = "cross over Fib1", message = "Price crossed below Fib1 level in long trend")
alertcondition(l2, title = "cross over Fib2", message = "Price crossed below Fib2 level in long trend")
alertcondition(l3, title = "cross over Fib3", message = "Price crossed below Fib3 level in long trend")
alertcondition(s1, title = "cross under Fib1", message = "Price crossed above Fib1 level in short trend")
alertcondition(s2, title = "cross under Fib2", message = "Price crossed above Fib2 level in short trend")
alertcondition(s3, title = "cross under Fib3", message = "Price crossed above Fib3 level in short trend")
alertcondition(fixnan(f1)!=fixnan(f1[1]), title = "Stop Line Change", message = "Stop Line Change")
//}