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Very Accurate Long Term Trend Detector
Very Accurate Long Term Trend Detector
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_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
SetBarsRequired(sbrAll,sbrAll);
SetBarFillColor(IIf(C>O,ParamColor("Candle Up Color",
colorBrightGreen),IIf(C<=O,ParamColor("Candle Down Color",
colorRed),colorLightGrey)));
Plot(C,"Price",IIf(C>O,ParamColor("Shadow Up Color",
colorBlack),IIf(C<=O,ParamColor("Shadow Down Color",
colorBlack),colorLightGrey)),64,0,0,0,0);
SetChartBkColor(ParamColor("Panel Color ",colorLightGrey));
SetChartBkGradientFill(ParamColor("Upper Chart",colorLightGrey),ParamColor("Lower
Chart",colorLightGrey));
GraphXSpace=Param("GraphXSpace",20,-10,25,1);
_SECTION_BEGIN("Supertrend");
procedure calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice)
{
global buffer_line_down;
global buffer_line_up;
buffer_line_down = Null;
buffer_line_up = Null;
PHASE_NONE = 0;
PHASE_BUY = 1;
PHASE_SELL = -1;
phase=PHASE_NONE;
band_upper = 0;band_lower = 0;
if(phase==PHASE_NONE)
{
buffer_line_up[i] = CalcPrice[i];
buffer_line_down[i] = CalcPrice[i];
}
if(phase!=PHASE_BUY && Close[i]>buffer_line_down[i-1] && !
IsEmpty(buffer_line_down[i-1]))
{
phase = PHASE_BUY;
buffer_line_up[i] = band_lower;
buffer_line_up[i-1] = buffer_line_down[i-1];
}
if(phase!=PHASE_SELL && Close[i]<buffer_line_up[i-1] && !IsEmpty(buffer_line_up[i-
1]))
{
phase = PHASE_SELL;
buffer_line_down[i] = band_upper;
buffer_line_down[i-1] = buffer_line_up[i-1];
}
if(phase==PHASE_BUY && ((TrendMode==0 && !IsEmpty(buffer_line_up[i-2])) ||
TrendMode==1) )
{
if(band_lower>buffer_line_up[i-1])
{
buffer_line_up[i] = band_lower;
}
else
{
buffer_line_up[i] = buffer_line_up[i-1];
}
}
if(phase==PHASE_SELL && ((TrendMode==0 && !IsEmpty(buffer_line_down[i-2])) ||
TrendMode==1) )
{
if(band_upper<buffer_line_down[i-1])
{
buffer_line_down[i] = band_upper;
}
else
{
buffer_line_down[i] = buffer_line_down[i-1];
}
}
}
}
TrendMode = ParamToggle("TrendMode","Off|On",1);
ATR_Multiplier = Param("ATR_Multiplier",2,0.1,10,0.1);
ATR_Period = Param( "ATR_Period",5,1,20,1);
tr = ATR(ATR_Period);
CalcPrice = (H+L)/2;
calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice);
Plot(buffer_line_up,"\ntu",ColorRGB(28,134,238),styleThick);
Plot(buffer_line_down,"\ntd",ColorRGB(205,51,51),styleThick);
Plot( 2,"",IIf(buffer_line_up,colorGreen,colorBlack),styleOwnScale|styleArea|
styleNoLabel, -0.5, 100 );
Plot( 4,"",IIf(buffer_line_down,colorRed,colorBlack),styleOwnScale|styleArea|
styleNoLabel, -0.5, 100 );
_SECTION_END();
TimeFrameSet(inDaily);
DayHigh = LastValue(H);
DayLow = LastValue(L);
TimeFrameRestore();
Title = Date() + ", Op=" + Open + ", Hi=" + High + ", Lo=" + Low + ", LTP=" + Close
+ ", Change= " + SelectedValue( ROC( C, 1 ) ) + "%" + "\n Today`s High=" + DayHigh
+ ", Today`s Low=" + DayLow + " " ;
prev=AMA2(C,1,0);
d=IIf(C>Ref(Max(Max(H,Ref(H,-20)),Max(Ref(H,-10),Ref(H,-15))),-1),Min(Min(L,Ref(L,-
20)),Min(Ref(L,-10),Ref(L,-15))),
IIf(C<Ref(Min(Min(L,Ref(L,-20)),Min(Ref(L,-10),Ref(L,-15))),-1),Max(Max(H,Ref(H,-
20)),Max(Ref(H,-10),Ref(H,-15))),PREV));
a=Cross(Close,d);
b=Cross(d,Close);
state=IIf(BarsSince(a)<BarsSince(b),1,0);
s=state>Ref(state,-1);
ss=state<Ref(state,-1);
sss=state==Ref(state,-1);
col=IIf(state == 1 ,51,IIf(state ==0,4,1));
Plot(C,"",Col,64);
Buy = s;
Sell = ss;
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes(shape, IIf(Buy,colorGreen,colorRed), 0, IIf(Buy,Low,High));
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-10);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-20);
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-15);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=20);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=30);
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-25);
//WriteIf(s,"EXIT all Short positions\nif trading long positions, enter long
Now-\nOR at the market price on tomorrow's Open with
stop="+EncodeColor(4)+WriteVal(L+.75*ATR(5),1.4)+" ,","");
//WriteIf(ss,"exit all long positions today with a Market On Close (MOC) order\nOR
at the market price on tomorrow's Open with
stop="+EncodeColor(4)+WriteVal(Ref(H+.75*ATR(5), -1),1.4)+",","");
//WriteIf( sss ,"No trading signals today.","") ;
dist = 2*ATR(10);
dist1 = 5*ATR(10);
for( i = 0; i < BarCount; i++ )
{
if( Buy[i] )
{
PlotText( "\nBuy:" + L[ i ] + "\nT= " + (L[i]*1.005) + "\nSL= " + (L[i]*0.9975), i,
L[ i ]-dist[i], colorGreen, colorWhite );
}
if( Sell[i] )
{
PlotText( "Sell:" + H[ i ] + "\nT= " + (H[i]*0.995) + "\nSL= " + (H[i]*1.0025), i,
H[ i ]+dist1[i], colorRed, colorWhite );
}
}
_SECTION_BEGIN("trend");
uptrend=PDI(20)>MDI(10)AND Signal(29)<MACD(13);
downtrend=MDI(10)>PDI(20)AND Signal(29)>MACD(13);
Plot( 2, /* defines the height of the ribbon in percent of pane width */"ribbon",
IIf( uptrend, colorGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
_SECTION_END();
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
Cover=ExRem(Cover,Short);
Short=ExRem(Short,Cover);
Filter=Buy OR Sell;
Filter= Cover OR Short;