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  • Trend Meter

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    Noxa Outdoor
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    The document defines indicators and conditions for a trading strategy that uses moving averages. It calculates three moving averages (EMA, WMA, SMA) to determine buy/sell signals and plot colors. It also defines alerts and shapes to identify crossover signals and potential buy/sell opportunities based on moving average comparisons and percentage changes.

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    trend meter

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    The document defines indicators and conditions for a trading strategy that uses moving averages. It calculates three moving averages (EMA, WMA, SMA) to determine buy/sell signals and plot colors. It also defines alerts and shapes to identify crossover signals and potential buy/sell opportunities based on moving average comparisons and percentage changes.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    50 views2 pages

    Trend Meter

    Uploaded by

    Noxa Outdoor
    The document defines indicators and conditions for a trading strategy that uses moving averages. It calculates three moving averages (EMA, WMA, SMA) to determine buy/sell signals and plot colors. It also defines alerts and shapes to identify crossover signals and potential buy/sell opportunities based on moving average comparisons and percentage changes.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    of 2

    study(title="A1 Trend Indicator", shorttitle="A1 trend", overlay=true)

    MAlength = input(35, title="Length of Moving Averages")

    petd = ema(close, MAlength)


    petx = wma(close, MAlength)
    pety = sma(close, MAlength)

    iGreen=(close > petd) and (close > petx) and (close > pety)
    iBlue = ((close > petd) or (close > petx) or (close > pety)) and not ((close >
    petd) and (close > petx) and (close > pety)) and not ((close < petd) and (close <
    petx) and (close < pety))
    iRed = (close < petd) and (close < petx) and (close < pety)

    up = (close > petd) and (close > petx) and (close > pety) ? green : (close > petd)
    or (close > petx) or (close > pety) ? blue : red
    test = (petd + petx + pety) /3
    //plot(out2 and smaplot ? out2 :na , title="SMA", color=mycolor2, linewidth=1)
    plot(test, title="Buy Sell", color= white )

    barcolor(up)

    alertcondition(iRed,"Going Red","Going Red")


    alertcondition(iGreen,"Going Green ","Going Green" )
    alertcondition(iBlue,"Going Blue","Going Blue")

    conditioncrossover=crossover(test, close)
    conditioncrossunder=crossunder(test, close)
    alertcondition(conditioncrossover,"Crossing Up","Crossing Up")
    alertcondition(conditioncrossunder,"Crossing Down","Crossing Down")

    plot(petd, color= blue , title="Blue Plot")


    plot(petx, color= yellow , title="Yellow Plot")
    plot(pety, color= red , title="Red Plot")

    petyMulti = pety + test- ((pety + test /100) * 12)


    petyMulti2 = (open + close) / 2 // pety + test
    //Decrease = Original Number - New Number
    //% Decrease = Decrease ÷ Original Number × 100

    //Increase = New Number - Original Number


    //% increase = Increase ÷ Original Number × 100.

    buy = (petx > petd) and (petd> pety)


    sell = (pety > petd) and (petd> petx)
    //v(petd> pety)

    tbuy=test - pety
    t2buy= (tbuy / test)*100

    CurrentMA= sma(close, 50)


    LastMA = CurrentMA[1]

    Last5Avg= (CurrentMA[3]+CurrentMA[4]+CurrentMA[5]+CurrentMA[6]+CurrentMA[7]) /5
    samIncrese=CurrentMA-LastMA
    samPercIncrese=(samIncrese/CurrentMA )* 100

    samDecrease=LastMA - CurrentMA
    samPercDecrease=(samDecrease/LastMA )* 100

    LastAvgDec= Last5Avg-CurrentMA
    LastAvgPercDecrease=(LastAvgDec/Last5Avg )* 100

    LastAvgInc= CurrentMA-Last5Avg
    LastAvgPercIncrease=(CurrentMA/Last5Avg )* 100

    //Simple Buysell
    //plotshape(buy, title= "Buy", location=location.belowbar, color=lime,
    style=shape.arrowup, text="")
    //plotshape(sell, title= "Sell", location=location.abovebar, color=red,
    style=shape.arrowdown, text="")

    //SMA Buy Sell


    ///plotshape(samPercIncrese>.005 and true, title= "Buy",
    location=location.belowbar, color=lime, style=shape.arrowup, text="")
    //plotshape(samPercDecrease>.005 and true , title= "Sell",
    location=location.abovebar, color=red, style=shape.arrowdown, text="")
    //Ttest

    plotshape(samPercIncrese>.006 and buy, title= "Buy Arrow",


    location=location.belowbar, color=lime, style=shape.arrowup, text="")
    plotshape(samPercDecrease>.006 and sell , title= "Sell Arrow",
    location=location.abovebar, color=red, style=shape.arrowdown, text="")

    //plotshape(t2 < .3, title= "Sell", location=location.abovebar, color=red,


    style=shape.arrowdown, text="")

    //plotshape(ReversalShort, title= "ReversalShort", location=location.abovebar,


    color=red, style=shape.arrowdown, text="SELL")

    //plot(petyMulti2, color= green , title="Gary Trader Strategy petyMulti")

    timeinrange(res, sess) => time(res, sess) != 0

    showTimes = input(false, title="Show Closing")

    c= iff(showTimes, gray, black)


    bgcolor(timeinrange(period, "1530-1900") ? c : na, transp=70)

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