Multi Timeframe Trend Tracking Strategy
Author: ChaoZhang, Date: 2024-01-18 12:01:23Tags:
Overview
This strategy utilizes a combination of technical indicators across multiple timeframes to identify the trend direction for trend tracking. It combines RSI, Stoch, Stoch RSI, CCI and other indicators across the 1-min, 5-min, 15-min, 1-hour, 4-hour, and 1-day timeframes to look for combined signals meeting the criteria, thereby judging the overall current trend direction.
Strategy Logic
The core logic of this strategy lies in judging the combination of indicators across different timeframes. For each timeframe, the strategy checks whether indicators like RSI, Stoch, Stoch RSI, CCI etc. are within a set range and in an uptrend. If all the indicators in a timeframe meet the criteria, then that timeframe provides a “pass” signal.
Within the 1-min, 5-min, 15-min, 1-hour, 4-hour, and 1-day periods, any timeframe that passes provides a positive signal for tracking the overall trend. Only when all timeframes including the 1-min, 5-min, 15-min, 1-hour, 4-hour, and 1-day pass the “examination” will an actual buy signal be triggered.
In other words, if the trend judgments across all timeframes in a period are correct, then the overall trend judgment becomes very reliable, and that’s when a position will be opened for long. By judging the combined trend signals from indicators across multiple timeframes, the overall trend can be determined more precisely, filtering out false signals and reducing trading frequency.
Advantage Analysis
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Using combined signals from indicators across multiple timeframes can significantly reduce false signals and lower trading frequency.
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By observing trend consistency across multiple short-term and long-term timeframes, the overall trend direction can be determined more precisely.
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Reasonable parameter settings can control drawdowns to some extent. Stop loss and take profit settings may lock in partial profits, lowering risks.
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Allowing customizable combinations of indicator parameters enables tuning for different markets to improve adaptability.
Risk Analysis
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Since this strategy tracks the overall trend, when trends reverse it may fail to exit positions in time, posing sizable drawdown risks.
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Inadequate parameter settings may miss trend opportunities or increase trading frequency. Extensive backtests are needed to optimize parameters.
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Judgments across multiple timeframes may miss short-term trend opportunities. Optimization can be helpful, by allowing signals even if criteria aren’t fully met on some timeframes.
Optimization Directions
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Optimize parameters for technical indicators on each timeframe to find the optimum combination.
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Test the effect of allowing signals based on judgments from only some timeframes. For instance, alignment of 1-min and 15-min may be sufficient for a buy.
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Incorporate new technical indicators to enrich the types of indicators used for multi-timeframe judgments. MACD, KD, Bollinger Bands etc. can be considered.
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Test stop loss and take profit levels to find optimum parameters. If stop loss range is too small, stop loss risks may increase; if too wide, profit opportunities may be missed.
Conclusion
The main innovation of this strategy lies in utilizing the combined signals from technical indicators across multiple timeframes to determine the overall trend direction. Ensuring short-term and long-term trend alignments before choosing entry timing can significantly reduce false signals and capture trend trading opportunities. Through parameter optimization, superb drawdown metrics can be obtained. Overall, this is a relatively stable, low-risk trend tracking strategy suitable for long-term holdings.
/*backtest
start: 2023-01-11 00:00:00
end: 2024-01-17 00:00:00
period: 1d
basePeriod: 1h
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
//@version=3
strategy("Intellitrader - Buy - BACKTESTER", overlay = true)
//study("APEX - Tester - Buy/Sell Strategies - Basic ", overlay = true)
source_main = close
/////////////////////////////////////////////////
// BUY STRATEGIES - SELECTION
/////////////////////////////////////////////////
puppy_sep = input(false, title=" INTELLITRADER BACKTESTER ")
buy1_sep = input(false, title="▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔" )
/// ******************* Percentage Change ***************************
pc_pc = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ PC ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
pc_Use = input(false, title="Use Percent Change (On / Off)")
pc_min_1m = input(-200, title="Perc.Change - 1m - Min")
pc_max_1m = input(200, title="Perc.Change - 1m - Max")
pc_min_5m = input(-200, title="Perc.Change - 5m - Min")
pc_max_5m = input(200, title="Perc.Change - 5m - Max")
pc_min_15m = input(-200, title="Perc.Change - 15m - Min")
pc_max_15m = input(200, title="Perc.Change - 15m - Max")
pc_min_1h = input(-200, title="Perc.Change - 1h - Min")
pc_max_1h = input(200, title="Perc.Change - 1h - Max")
pc_min_4h = input(-200, title="Perc.Change - 4h - Min")
pc_max_4h = input(200, title="Perc.Change - 4h - Max")
pc_min_1d = input(-200, title="Perc.Change - 1d - Min")
pc_max_1d = input(200, title="Perc.Change - 1d - Max")
pc_1m = request.security(syminfo.tickerid, "1", close-close[1]/close[1]*100 )
pc_5m = request.security(syminfo.tickerid, "5", close-close[1]/close[1]*100 )
pc_15m = request.security(syminfo.tickerid, "15", close-close[1]/close[1]*100 )
pc_1h = request.security(syminfo.tickerid, "60", close-close[1]/close[1]*100 )
pc_4h = request.security(syminfo.tickerid, "240", close-close[1]/close[1]*100 )
pc_1d = request.security(syminfo.tickerid, "1440", close-close[1]/close[1]*100 )
pc_1m_switch = pc_min_1m <= pc_1m and pc_max_1m >= pc_1m
pc_5m_switch = pc_min_5m <= pc_5m and pc_max_5m >= pc_5m
pc_15m_switch = pc_min_15m <= pc_15m and pc_max_15m >= pc_15m
pc_1h_switch = pc_min_1h <= pc_1h and pc_max_1h >= pc_1h
pc_4h_switch = pc_min_4h <= pc_4h and pc_max_4h >= pc_4h
pc_1d_switch = pc_min_1d <= pc_1d and pc_max_1d >= pc_1d
pc_logic = true
if pc_Use
pc_logic := false
if pc_1m_switch and pc_5m_switch and pc_15m_switch and pc_1h_switch and pc_4h_switch and pc_1d_switch
pc_logic := true
/// ******************* 1m ***************************
ma_sep_1m = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 1m ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_1m = input(20, title="RSI 7 - Min")
rsi7_max_1m = input(80, title="RSI 7 - Max")
rsi7_Use_1m = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_1m = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_1m = input(20, title="RSI 14 - Min")
rsi14_max_1m = input(80, title="RSI 14 - Max")
rsi14_Use_1m = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_1m = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_1m = input(20, title="STOCH 14 3 3 - Min")
stoch_max_1m = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_1m = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_1m = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_1m = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_1m = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_1m = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_1m = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_1m = input(20, title="CCI 20 - Min")
cci_max_1m = input(80, title="CCI 20 - Max")
cci_Use_1m = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_1m = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_1m = request.security(syminfo.tickerid, "1", rsi(close,14) )
rsi7_1m = request.security(syminfo.tickerid, "1", rsi(close,7) )
stoch_1m = request.security(syminfo.tickerid, "1", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_1m = request.security(syminfo.tickerid, "1", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_1m = request.security(syminfo.tickerid, "1", cci(close,20) )
rsi7_1m_logic = true
rsi7_1m_raisinglogic = true
if rsi7_Use_1m
rsi7_1m_logic = false
rsi7_1m_raisinglogic = rsi7_Raising_1m?rising(rsi7_1m,1):true
if rsi7_1m>rsi7_min_1m and rsi7_1m<rsi7_max_1m and rsi7_1m_raisinglogic
rsi7_1m_logic = true
rsi14_1m_logic = true
rsi14_1m_raisinglogic = true
if rsi14_Use_1m
rsi14_1m_logic = false
rsi14_1m_raisinglogic = rsi14_Raising_1m?rising(rsi14_1m,1):true
if rsi14_1m>rsi14_min_1m and rsi14_1m<rsi14_max_1m and rsi14_1m_raisinglogic
rsi14_1m_logic = true
stoch_1m_logic = true
stoch_1m_raisinglogic = true
if stoch_Use_1m
stoch_1m_logic = false
stoch_1m_raisinglogic = stoch_Raising_1m?rising(stoch_1m,1):true
if stoch_1m>stoch_min_1m and stoch_1m<stoch_max_1m and stoch_1m_raisinglogic
stoch_1m_logic = true
stochrsi_1m_logic = true
stochrsi_1m_raisinglogic = true
if stochrsi_Use_1m
stochrsi_1m_logic = false
stochrsi_1m_raisinglogic = stochrsi_Raising_1m?rising(stochrsi_1m,1):true
if stochrsi_1m>stochrsi_min_1m and stochrsi_1m<stochrsi_max_1m and stochrsi_1m_raisinglogic
stochrsi_1m_logic = true
cci_1m_logic = true
cci_1m_raisinglogic = true
if cci_Use_1m
cci_1m_logic = false
cci_1m_raisinglogic = cci_Raising_1m?rising(cci_1m,1):true
if cci_1m>cci_min_1m and cci_1m<cci_max_1m and cci_1m_raisinglogic
cci_1m_logic = true
bool_1m = false
bool_1m := rsi7_1m_logic and rsi7_1m_raisinglogic and
rsi14_1m_logic and rsi14_1m_raisinglogic and
stoch_1m_logic and stoch_1m_raisinglogic and
stochrsi_1m_logic and stochrsi_1m_raisinglogic and
cci_1m_logic and cci_1m_raisinglogic
if not rsi7_Use_1m and not rsi14_Use_1m and not stoch_Use_1m and not stochrsi_Use_1m and not cci_Use_1m
bool_1m = false
/// ******************* 5m ***************************
ma_sep_5m = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 5m ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_5m = input(20, title="RSI 7 - Min")
rsi7_max_5m = input(80, title="RSI 7 - Max")
rsi7_Use_5m = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_5m = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_5m = input(20, title="RSI 14 - Min")
rsi14_max_5m = input(80, title="RSI 14 - Max")
rsi14_Use_5m = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_5m = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_5m = input(20, title="STOCH 14 3 3 - Min")
stoch_max_5m = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_5m = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_5m = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_5m = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_5m = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_5m = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_5m = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_5m = input(20, title="CCI 20 - Min")
cci_max_5m = input(80, title="CCI 20 - Max")
cci_Use_5m = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_5m = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_5m = request.security(syminfo.tickerid, "5", rsi(close,14) )
rsi7_5m = request.security(syminfo.tickerid, "5", rsi(close,7) )
stoch_5m = request.security(syminfo.tickerid, "5", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_5m = request.security(syminfo.tickerid, "5", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_5m = request.security(syminfo.tickerid, "5", cci(close,20) )
rsi7_5m_logic = true
rsi7_5m_raisinglogic = true
if rsi7_Use_5m
rsi7_5m_logic = false
rsi7_5m_raisinglogic = rsi7_Raising_5m?rising(rsi7_5m,1):true
if rsi7_5m>rsi7_min_5m and rsi7_5m<rsi7_max_5m and rsi7_5m_raisinglogic
rsi7_5m_logic = true
rsi14_5m_logic = true
rsi14_5m_raisinglogic = true
if rsi14_Use_5m
rsi14_5m_logic = false
rsi14_5m_raisinglogic = rsi14_Raising_5m?rising(rsi14_5m,1):true
if rsi14_5m>rsi14_min_5m and rsi14_5m<rsi14_max_5m and rsi14_5m_raisinglogic
rsi14_5m_logic = true
stoch_5m_logic = true
stoch_5m_raisinglogic = true
if stoch_Use_5m
stoch_5m_logic = false
stoch_5m_raisinglogic = stoch_Raising_5m?rising(stoch_5m,1):true
if stoch_5m>stoch_min_5m and stoch_5m<stoch_max_5m and stoch_5m_raisinglogic
stoch_5m_logic = true
stochrsi_5m_logic = true
stochrsi_5m_raisinglogic = true
if stochrsi_Use_5m
stochrsi_5m_logic = false
stochrsi_5m_raisinglogic = stochrsi_Raising_5m?rising(stochrsi_5m,1):true
if stochrsi_5m>stochrsi_min_5m and stochrsi_5m<stochrsi_max_5m and stochrsi_5m_raisinglogic
stochrsi_5m_logic = true
cci_5m_logic = true
cci_5m_raisinglogic = true
if cci_Use_5m
cci_5m_logic = false
cci_5m_raisinglogic = cci_Raising_5m?rising(cci_5m,1):true
if cci_5m>cci_min_5m and cci_5m<cci_max_5m and cci_5m_raisinglogic
cci_5m_logic = true
bool_5m = false
bool_5m := rsi7_5m_logic and rsi7_5m_raisinglogic and
rsi14_5m_logic and rsi14_5m_raisinglogic and
stoch_5m_logic and stoch_5m_raisinglogic and
stochrsi_5m_logic and stochrsi_5m_raisinglogic and
cci_5m_logic and cci_5m_raisinglogic
if not rsi7_Use_5m and not rsi14_Use_5m and not stoch_Use_5m and not stochrsi_Use_5m and not cci_Use_5m
bool_5m = false
/// ******************* 15m ***************************
ma_sep_15m = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 15m ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_15m = input(20, title="RSI 7 - Min")
rsi7_max_15m = input(80, title="RSI 7 - Max")
rsi7_Use_15m = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_15m = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_15m = input(20, title="RSI 14 - Min")
rsi14_max_15m = input(80, title="RSI 14 - Max")
rsi14_Use_15m = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_15m = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_15m = input(20, title="STOCH 14 3 3 - Min")
stoch_max_15m = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_15m = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_15m = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_15m = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_15m = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_15m = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_15m = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_15m = input(20, title="CCI 20 - Min")
cci_max_15m = input(80, title="CCI 20 - Max")
cci_Use_15m = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_15m = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_15m = request.security(syminfo.tickerid, "15", rsi(close,14) )
rsi7_15m = request.security(syminfo.tickerid, "15", rsi(close,7) )
stoch_15m = request.security(syminfo.tickerid, "15", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_15m = request.security(syminfo.tickerid, "15", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_15m = request.security(syminfo.tickerid, "15", cci(close,20) )
rsi7_15m_logic = true
rsi7_15m_raisinglogic = true
if rsi7_Use_15m
rsi7_15m_logic = false
rsi7_15m_raisinglogic = rsi7_Raising_15m?rising(rsi7_15m,1):true
if rsi7_15m>rsi7_min_15m and rsi7_15m<rsi7_max_15m and rsi7_15m_raisinglogic
rsi7_15m_logic = true
rsi14_15m_logic = true
rsi14_15m_raisinglogic = true
if rsi14_Use_15m
rsi14_15m_logic = false
rsi14_15m_raisinglogic = rsi14_Raising_15m?rising(rsi14_15m,1):true
if rsi14_15m>rsi14_min_15m and rsi14_15m<rsi14_max_15m and rsi14_15m_raisinglogic
rsi14_15m_logic = true
stoch_15m_logic = true
stoch_15m_raisinglogic = true
if stoch_Use_15m
stoch_15m_logic = false
stoch_15m_raisinglogic = stoch_Raising_15m?rising(stoch_15m,1):true
if stoch_15m>stoch_min_15m and stoch_15m<stoch_max_15m and stoch_15m_raisinglogic
stoch_15m_logic = true
stochrsi_15m_logic = true
stochrsi_15m_raisinglogic = true
if stochrsi_Use_15m
stochrsi_15m_logic = false
stochrsi_15m_raisinglogic = stochrsi_Raising_15m?rising(stochrsi_15m,1):true
if stochrsi_15m>stochrsi_min_15m and stochrsi_15m<stochrsi_max_15m and stochrsi_15m_raisinglogic
stochrsi_15m_logic = true
cci_15m_logic = true
cci_15m_raisinglogic = true
if cci_Use_15m
cci_15m_logic = false
cci_15m_raisinglogic = cci_Raising_15m?rising(cci_15m,1):true
if cci_15m>cci_min_15m and cci_15m<cci_max_15m and cci_15m_raisinglogic
cci_15m_logic = true
bool_15m = false
bool_15m := rsi7_15m_logic and rsi7_15m_raisinglogic and
rsi14_15m_logic and rsi14_15m_raisinglogic and
stoch_15m_logic and stoch_15m_raisinglogic and
stochrsi_15m_logic and stochrsi_15m_raisinglogic and
cci_15m_logic and cci_15m_raisinglogic
if not rsi7_Use_15m and not rsi14_Use_15m and not stoch_Use_15m and not stochrsi_Use_15m and not cci_Use_15m
bool_15m = false
/// ******************* 1h ***************************
ma_sep_1h = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 1h ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_1h = input(20, title="RSI 7 - Min")
rsi7_max_1h = input(80, title="RSI 7 - Max")
rsi7_Use_1h = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_1h = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_1h = input(20, title="RSI 14 - Min")
rsi14_max_1h = input(80, title="RSI 14 - Max")
rsi14_Use_1h = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_1h = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_1h = input(20, title="STOCH 14 3 3 - Min")
stoch_max_1h = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_1h = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_1h = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_1h = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_1h = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_1h = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_1h = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_1h = input(20, title="CCI 20 - Min")
cci_max_1h = input(80, title="CCI 20 - Max")
cci_Use_1h = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_1h = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_1h = request.security(syminfo.tickerid, "60", rsi(close,14) )
rsi7_1h = request.security(syminfo.tickerid, "60", rsi(close,7) )
stoch_1h = request.security(syminfo.tickerid, "60", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_1h = request.security(syminfo.tickerid, "60", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_1h = request.security(syminfo.tickerid, "60", cci(close,20) )
rsi7_1h_logic = true
rsi7_1h_raisinglogic = true
if rsi7_Use_1h
rsi7_1h_logic = false
rsi7_1h_raisinglogic = rsi7_Raising_1h?rising(rsi7_1h,1):true
if rsi7_1h>rsi7_min_1h and rsi7_1h<rsi7_max_1h and rsi7_1h_raisinglogic
rsi7_1h_logic = true
rsi14_1h_logic = true
rsi14_1h_raisinglogic = true
if rsi14_Use_1h
rsi14_1h_logic = false
rsi14_1h_raisinglogic = rsi14_Raising_1h?rising(rsi14_1h,1):true
if rsi14_1h>rsi14_min_1h and rsi14_1h<rsi14_max_1h and rsi14_1h_raisinglogic
rsi14_1h_logic = true
stoch_1h_logic = true
stoch_1h_raisinglogic = true
if stoch_Use_1h
stoch_1h_logic = false
stoch_1h_raisinglogic = stoch_Raising_1h?rising(stoch_1h,1):true
if stoch_1h>stoch_min_1h and stoch_1h<stoch_max_1h and stoch_1h_raisinglogic
stoch_1h_logic = true
stochrsi_1h_logic = true
stochrsi_1h_raisinglogic = true
if stochrsi_Use_1h
stochrsi_1h_logic = false
stochrsi_1h_raisinglogic = stochrsi_Raising_1h?rising(stochrsi_1h,1):true
if stochrsi_1h>stochrsi_min_1h and stochrsi_1h<stochrsi_max_1h and stochrsi_1h_raisinglogic
stochrsi_1h_logic = true
cci_1h_logic = true
cci_1h_raisinglogic = true
if cci_Use_1h
cci_1h_logic = false
cci_1h_raisinglogic = cci_Raising_1h?rising(cci_1h,1):true
if cci_1h>cci_min_1h and cci_1h<cci_max_1h and cci_1h_raisinglogic
cci_1h_logic = true
bool_1h = false
bool_1h := rsi7_1h_logic and rsi7_1h_raisinglogic and
rsi14_1h_logic and rsi14_1h_raisinglogic and
stoch_1h_logic and stoch_1h_raisinglogic and
stochrsi_1h_logic and stochrsi_1h_raisinglogic and
cci_1h_logic and cci_1h_raisinglogic
if not rsi7_Use_1h and not rsi14_Use_1h and not stoch_Use_1h and not stochrsi_Use_1h and not cci_Use_1h
bool_1h = false
/// ******************* 4h ***************************
ma_sep_4h = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 4h ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_4h = input(20, title="RSI 7 - Min")
rsi7_max_4h = input(80, title="RSI 7 - Max")
rsi7_Use_4h = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_4h = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_4h = input(20, title="RSI 14 - Min")
rsi14_max_4h = input(80, title="RSI 14 - Max")
rsi14_Use_4h = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_4h = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_4h = input(20, title="STOCH 14 3 3 - Min")
stoch_max_4h = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_4h = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_4h = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_4h = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_4h = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_4h = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_4h = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_4h = input(20, title="CCI 20 - Min")
cci_max_4h = input(80, title="CCI 20 - Max")
cci_Use_4h = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_4h = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_4h = request.security(syminfo.tickerid, "240", rsi(close,14) )
rsi7_4h = request.security(syminfo.tickerid, "240", rsi(close,7) )
stoch_4h = request.security(syminfo.tickerid, "240", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_4h = request.security(syminfo.tickerid, "240", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_4h = request.security(syminfo.tickerid, "240", cci(close,20) )
rsi7_4h_logic = true
rsi7_4h_raisinglogic = true
if rsi7_Use_4h
rsi7_4h_logic = false
rsi7_4h_raisinglogic = rsi7_Raising_4h?rising(rsi7_4h,1):true
if rsi7_4h>rsi7_min_4h and rsi7_4h<rsi7_max_4h and rsi7_4h_raisinglogic
rsi7_4h_logic = true
rsi14_4h_logic = true
rsi14_4h_raisinglogic = true
if rsi14_Use_4h
rsi14_4h_logic = false
rsi14_4h_raisinglogic = rsi14_Raising_4h?rising(rsi14_4h,1):true
if rsi14_4h>rsi14_min_4h and rsi14_4h<rsi14_max_4h and rsi14_4h_raisinglogic
rsi14_4h_logic = true
stoch_4h_logic = true
stoch_4h_raisinglogic = true
if stoch_Use_4h
stoch_4h_logic = false
stoch_4h_raisinglogic = stoch_Raising_4h?rising(stoch_4h,1):true
if stoch_4h>stoch_min_4h and stoch_4h<stoch_max_4h and stoch_4h_raisinglogic
stoch_4h_logic = true
stochrsi_4h_logic = true
stochrsi_4h_raisinglogic = true
if stochrsi_Use_4h
stochrsi_4h_logic = false
stochrsi_4h_raisinglogic = stochrsi_Raising_4h?rising(stochrsi_4h,1):true
if stochrsi_4h>stochrsi_min_4h and stochrsi_4h<stochrsi_max_4h and stochrsi_4h_raisinglogic
stochrsi_4h_logic = true
cci_4h_logic = true
cci_4h_raisinglogic = true
if cci_Use_4h
cci_4h_logic = false
cci_4h_raisinglogic = cci_Raising_4h?rising(cci_4h,1):true
if cci_4h>cci_min_4h and cci_4h<cci_max_4h and cci_4h_raisinglogic
cci_4h_logic = true
bool_4h = false
bool_4h := rsi7_4h_logic and rsi7_4h_raisinglogic and
rsi14_4h_logic and rsi14_4h_raisinglogic and
stoch_4h_logic and stoch_4h_raisinglogic and
stochrsi_4h_logic and stochrsi_4h_raisinglogic and
cci_4h_logic and cci_4h_raisinglogic
if not rsi7_Use_4h and not rsi14_Use_4h and not stoch_Use_4h and not stochrsi_Use_4h and not cci_Use_4h
bool_4h = false
/// ******************* 1d ***************************
ma_sep_1d = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ 1d ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
rsi7_min_1d = input(20, title="RSI 7 - Min")
rsi7_max_1d = input(80, title="RSI 7 - Max")
rsi7_Use_1d = input(false, title="RSI 7 ? (On / Off)")
rsi7_Raising_1d = input(false, title="RSI 7 Raising? (On / Off)")
rsi14_min_1d = input(20, title="RSI 14 - Min")
rsi14_max_1d = input(80, title="RSI 14 - Max")
rsi14_Use_1d = input(false, title="RSI 14 ? (On / Off)")
rsi14_Raising_1d = input(false, title="RSI 14 Raising? (On / Off)")
stoch_min_1d = input(20, title="STOCH 14 3 3 - Min")
stoch_max_1d = input(80, title="STOCH 14 3 3 - Max")
stoch_Use_1d = input(false, title="STOCH 14 3 3 ? (On / Off)")
stoch_Raising_1d = input(false, title="STOCH 14 3 3 Raising? (On / Off)")
stochrsi_min_1d = input(20, title="STOCHRSI 14 14 3 3 - Min")
stochrsi_max_1d = input(80, title="STOCHRSI 14 14 3 3 - Max")
stochrsi_Use_1d = input(false, title="STOCHRSI 14 14 3 3 ? (On / Off)")
stochrsi_Raising_1d = input(false, title="STOCHRSI 14 14 3 3 Raising? (On / Off)")
cci_min_1d = input(20, title="CCI 20 - Min")
cci_max_1d = input(80, title="CCI 20 - Max")
cci_Use_1d = input(false, title="CCI 20 ? (On / Off)")
cci_Raising_1d = input(false, title="CCII 20 Raising? (On / Off)")
rsi14_1d = request.security(syminfo.tickerid, "1440", rsi(close,14) )
rsi7_1d = request.security(syminfo.tickerid, "1440", rsi(close,7) )
stoch_1d = request.security(syminfo.tickerid, "1440", sma(sma(stoch(close, high, low, 14), 3), 3))
stochrsi_1d = request.security(syminfo.tickerid, "1440", sma(sma(stoch(rsi(close,14), rsi(close,14), rsi(close,14), 14), 3), 3))
cci_1d = request.security(syminfo.tickerid, "1440", cci(close,20) )
rsi7_1d_logic = true
rsi7_1d_raisinglogic = true
if rsi7_Use_1d
rsi7_1d_logic = false
rsi7_1d_raisinglogic = rsi7_Raising_1d?rising(rsi7_1d,1):true
if rsi7_1d>rsi7_min_1d and rsi7_1d<rsi7_max_1d and rsi7_1d_raisinglogic
rsi7_1d_logic = true
rsi14_1d_logic = true
rsi14_1d_raisinglogic = true
if rsi14_Use_1d
rsi14_1d_logic = false
rsi14_1d_raisinglogic = rsi14_Raising_1d?rising(rsi14_1d,1):true
if rsi14_1d>rsi14_min_1d and rsi14_1d<rsi14_max_1d and rsi14_1d_raisinglogic
rsi14_1d_logic = true
stoch_1d_logic = true
stoch_1d_raisinglogic = true
if stoch_Use_1d
stoch_1d_logic = false
stoch_1d_raisinglogic = stoch_Raising_1d?rising(stoch_1d,1):true
if stoch_1d>stoch_min_1d and stoch_1d<stoch_max_1d and stoch_1d_raisinglogic
stoch_1d_logic = true
stochrsi_1d_logic = true
stochrsi_1d_raisinglogic = true
if stochrsi_Use_1d
stochrsi_1d_logic = false
stochrsi_1d_raisinglogic = stochrsi_Raising_1d?rising(stochrsi_1d,1):true
if stochrsi_1d>stochrsi_min_1d and stochrsi_1d<stochrsi_max_1d and stochrsi_1d_raisinglogic
stochrsi_1d_logic = true
cci_1d_logic = true
cci_1d_raisinglogic = true
if cci_Use_1d
cci_1d_logic = false
cci_1d_raisinglogic = cci_Raising_1d?rising(cci_1d,1):true
if cci_1d>cci_min_1d and cci_1d<cci_max_1d and cci_1d_raisinglogic
cci_1d_logic = true
bool_1d = false
bool_1d := rsi7_1d_logic and rsi7_1d_raisinglogic and
rsi14_1d_logic and rsi14_1d_raisinglogic and
stoch_1d_logic and stoch_1d_raisinglogic and
stochrsi_1d_logic and stochrsi_1d_raisinglogic and
cci_1d_logic and cci_1d_raisinglogic
if not rsi7_Use_1d and not rsi14_Use_1d and not stoch_Use_1d and not stochrsi_Use_1d and not cci_Use_1d
bool_1d = false
//// Big old logic
buy = bool_1m and bool_5m and bool_15m and bool_1h and bool_4h and bool_1d and pc_logic
sell = false
//////////////////////////////////////////////////////////////////////////////////////////
//*** This Trade Management Section of code is a modified version of that found in ***//
//*** "How to automate this strategy for free using a chrome extension" by CryptoRox ***//
//*** Modifications and tradeState engine by JustUncleL. ***//
//////////////////////////////////////////////////////////////////////////////////////////
//
///////////////////////////////////////////////
//* Backtesting Period Selector | Component *//
///////////////////////////////////////////////
//* https://www.tradingview.com/script/eCC1cvxQ-Backtesting-Period-Selector-Component *//
//* https://www.tradingview.com/u/pbergden/ *//
//* Modifications made by JustUncleL*//
testStartYear = input(2018, "Backtest Start Year",minval=1980)
testStartMonth = input(9, "Backtest Start Month",minval=1,maxval=12)
testStartDay = input(15, "Backtest Start Day",minval=1,maxval=31)
testPeriodStart = timestamp(testStartYear,testStartMonth,testStartDay,0,0)
testStopYear = input(9999, "Backtest Stop Year",minval=1980)
testStopMonth = input(12, "Backtest Stop Month",minval=1,maxval=12)
testStopDay = input(31, "Backtest Stop Day",minval=1,maxval=31)
testPeriodStop = timestamp(testStopYear,testStopMonth,testStopDay,0,0)
testPeriod() => true
//////////////////////////
//* Strategy Component *//
//////////////////////////
high_ = high
low_ = low
AQUA = #00FFFFFF
BLUE = #0000FFFF
RED = #FF0000FF
LIME = #00FF00FF
GRAY = #808080FF
DARKRED = #8B0000FF
DARKGREEN = #006400FF
//
//fastExit = input(false,title="Use Opposite Trade as a Close Signal")
//clrBars = input(true,title="Colour Candles to Trade Order state")
fastExit = true
clrBars = false
//orderType = input("LongsOnly",title="What type of Orders", options=["Longs+Shorts","LongsOnly","ShortsOnly","Flip"])
orderType = "LongsOnly"
//
isLong = (orderType != "ShortsOnly")
isShort = (orderType != "LongsOnly")
//////////////////////////////////////////////////
//* Put Entry and special Exit conditions here *//
//////////////////////////////////////////////////
//////////////////////////
//* tradeState Engine *//
INACTIVE = 0 // No trades open
ACTIVELONG = 1 // Long Trade Started
ACTIVESHORT = -1 // Short Trade Started
//
//////////////////////////
// Keep track of current trade state
longClose = false, longClose := nz(longClose[1],false)
shortClose = false, shortClose := nz(shortClose[1],false)
tradeState = INACTIVE, tradeState := nz(tradeState[1])
tradeState := tradeState==INACTIVE ? buy==1 and (barstate.isconfirmed or barstate.ishistory) and isLong and not longClose and not shortClose? ACTIVELONG :
sell==1 and (barstate.isconfirmed or barstate.ishistory) and isShort and not longClose and not shortClose? ACTIVESHORT :
tradeState : tradeState
//Entry Triggers, this happens when tradeState changes from neutral to active
longCondition = false
shortCondition = false
longCondition := change(tradeState) and tradeState==ACTIVELONG
shortCondition := change(tradeState) and tradeState==ACTIVESHORT
if orderType=="Flip"
temp = longCondition
longCondition := shortCondition
shortCondition := temp
//end if
//SPECIAL Exit Condition.
// Exit on Average Fast/Slow MA cross over, force no repaint
longExitC = sell ? 1 : 0
shortExitC = 0
// Exit Trigger without SL set and trade Actine
longExit = change(longExitC) and longExitC==1 and tradeState==1
shortExit = change(shortExitC) and shortExitC==1 and tradeState==-1
// -- debugs
//plotchar(tradeState,"tradeState at Event",location=location.bottom, color=na)
//plotchar(longCondition, title="longCondition",color=na)
//plotchar(shortCondition, title="shortCondition",color=na)
//plotchar(tradeState, title="tradeState",color=na)
// -- /debugs
/////////////////////////////////////
//======[ Deal Entry Prices ]======//
/////////////////////////////////////
last_open_longCondition = na
last_open_shortCondition = na
last_open_longCondition := longCondition ? close : nz(last_open_longCondition[1])
last_open_shortCondition := shortCondition ? close : nz(last_open_shortCondition[1])
//////////////////////////////////
//======[ Position State ]======//
//////////////////////////////////
in_longCondition = tradeState == ACTIVELONG
in_shortCondition = tradeState == ACTIVESHORT
/////////////////////////////////
//======[ Trailing Stop ]======//
/////////////////////////////////
// This Trailing Stop Starts as soon as trade is Started
isTS = input(false, "Trailing Stop")
ts = input(3.0, "Trailing Stop (%)", minval=0,step=0.1, type=float) /100
// Initialise and track highs and lows
short_ts = false, long_ts = false
last_high = 0.0, last_high := nz(last_high[1],na)
last_low = 0.0, last_low := nz(last_low[1],na)
last_high_short = 0.0, last_high_short := nz(last_high_short[1],na)
last_low_long = 0.0, last_low_long := nz(last_low_long[1],na)
// LONGS TSL
if in_longCondition == true
last_high := (na(last_high) or high_ > last_high) ? high_ : last_high
last_low_long := (na(last_low_long) or low_ < last_low_long) ? low_ : last_low_long
long_ts := isTS and (low_ <= last_high - last_high * ts)
//else
if in_longCondition == false
long_ts := false
last_high := na
last_low_long := na
//end if
//SHORTS TSL
if in_shortCondition == true
last_low := (na(last_low) or low_ < last_low) ? low_ : last_low
last_high_short := (na(last_high_short) or high_ > last_high_short) ? high_ : last_high_short
short_ts := isTS and (high_ >= last_low + last_low * ts)
if in_shortCondition == false
short_ts := false
last_low := na
last_high_short := na
//end if
///////////////////////////////
//======[ Take Profit ]======//
///////////////////////////////
isTP = input(true, "Take Profit")
tp = input(1.0, "Take Profit (%)",minval=0,step=0.1,type=float) / 100
ttp = input(0.0, "Trailing Profit (%)",minval=0,step=0.1,type=float) / 100
ttp := ttp>tp ? tp : ttp
long_tp = isTP and in_longCondition and (last_high >= last_open_longCondition + last_open_longCondition * tp) and (low_ <= last_high - last_high * ttp)
short_tp = isTP and in_shortCondition and (last_low <= last_open_shortCondition - last_open_shortCondition * tp) and (high_ >= last_low + last_low * ttp)
/////////////////////////////
//======[ Stop Loss ]======//
/////////////////////////////
isSL = input(true, "Stop Loss")
sl = input(3.0, "Stop Loss (%)", minval=0,step=0.1, type=float) / 100
long_sl = isSL and in_longCondition and (low_ <= last_open_longCondition - last_open_longCondition * sl)
short_sl = isSL and in_shortCondition and (high_ >= last_open_shortCondition + last_open_shortCondition * sl)
////////////////////////////////////
//======[ Stop on Opposite ]======//
////////////////////////////////////
//NOTE Short exit signal is non-repainting, no need to force it, if Pyramiding keep going
long_sos = (fastExit or (not isTS and not isSL)) and longExit and in_longCondition
short_sos = (fastExit or (not isTS and not isSL)) and shortExit and in_shortCondition
/////////////////////////////////
//======[ Close Signals ]======//
/////////////////////////////////
// Create a single close for all the different closing conditions, all conditions here are non-repainting
longClose := isLong and (long_tp or long_sl or long_ts or long_sos) and not longCondition
shortClose := isShort and (short_tp or short_sl or short_ts or short_sos) and not shortCondition
///////////////////////////////
//======[ Plot Colors ]======//
///////////////////////////////
longCloseCol = na
shortCloseCol = na
longCloseCol := long_tp ? green : long_sl ? maroon : long_ts ? purple : long_sos ? orange :longCloseCol[1]
shortCloseCol := short_tp ? green : short_sl ? maroon : short_ts ? purple : short_sos ? orange : shortCloseCol[1]
//
tpColor = isTP and in_longCondition ? lime : isTP and in_shortCondition ? lime : na
slColor = isSL and in_longCondition ? red : isSL and in_shortCondition ? red : na
//////////////////////////////////
//======[ Strategy Plots ]======//
//////////////////////////////////
//LONGS
plot(isTS and in_longCondition?
last_high - last_high * ts : na, "Buy Trailing", fuchsia, style=2, linewidth=1,offset=1)
plot(isTP and in_longCondition and last_high < last_open_longCondition + last_open_longCondition * tp ?
last_open_longCondition + last_open_longCondition * tp : na, "Long TP Active", tpColor, style=3,join=false, linewidth=1,offset=1)
plot(isTP and in_longCondition and last_high >= last_open_longCondition + last_open_longCondition * tp ?
last_high - last_high * ttp : na, "Buy Trailing", black, style=2, linewidth=1,offset=1)
plot(isSL and in_longCondition and last_low_long > last_open_longCondition - last_open_longCondition * sl ?
last_open_longCondition - last_open_longCondition * sl : na, "Long SL", slColor, style=3,join=false, linewidth=1,offset=1)
//SHORTS
plot(isTS and in_shortCondition?
last_low + last_low * ts : na, "Short Trailing", fuchsia, style=2, linewidth=1,offset=1)
plot(isTP and in_shortCondition and last_low > last_open_shortCondition - last_open_shortCondition * tp ?
last_open_shortCondition - last_open_shortCondition * tp : na, "Short TP Active", tpColor, style=3,join=false, linewidth=1,offset=1)
plot(isTP and in_shortCondition and last_low <= last_open_shortCondition - last_open_shortCondition * tp ?
last_low + last_low * ttp : na, "Short Trailing", black, style=2, linewidth=1,offset=1)
plot(isSL and in_shortCondition and last_high_short < last_open_shortCondition + last_open_shortCondition * sl ?
last_open_shortCondition + last_open_shortCondition * sl : na, "Short SL", slColor, style=3,join=false, linewidth=1,offset=1)
// Colour code the candles for Profit/Loss: Profit=LIGHT colour, Loss=DARK colour
bclr = not clrBars ? na : tradeState==INACTIVE ? GRAY :
in_longCondition ? close<last_open_longCondition? DARKGREEN : LIME :
in_shortCondition ? close>last_open_shortCondition? DARKRED : RED : GRAY
barcolor(bclr,title="Trade State Bar Colouring")
///////////////////////////////
//======[ Alert Plots ]======//
///////////////////////////////
//BUY SELL APEX
//plotshape(longCondition?close:na, title="Buy", color=green, textcolor=green, transp=0,
// style=shape.triangleup, location=location.belowbar, size=size.small,text="Buy",offset=0)
//plotshape(longClose?close:na, title="Sell", color=longCloseCol, textcolor=white, transp=0,
// style=shape.labeldown, location=location.abovebar, size=size.small,text="Sell",offset=0)
// //SHORTS
// plotshape(shortCondition?close:na, title="Short", color=red, textcolor=red, transp=0,
// style=shape.triangledown, location=location.abovebar, size=size.small,text="SHORT",offset=0)
// plotshape(shortClose?close:na, title="Short Close", color=shortCloseCol, textcolor=white, transp=0,
// style=shape.labelup, location=location.belowbar, size=size.small,text="Short",offset=0)
// Autoview alert syntax - This assumes you are trading coins BUY and SELL on Binance Exchange
// WARNING*** Only use Autoview to automate a strategy after you've sufficiently backtested and forward tested the strategy.
// You can learn more about the syntax here:
// http://autoview.with.pink/#syntax and you can watch this video here: https://www.youtube.com/watch?v=epN5Tjinuxw
// For the opens you will want to trigger BUY orders on LONGS (eg ETHBTC) with alert option "Once Per Bar Close"
// and SELL orders on SHORTS (eg BTCUSDT)
// b=buy q=0.001 e=binance s=ethbtc u=currency t=market ( LONG )
// or b=sell q=0.001 e=binance s=btcusdt t=market ( SHORT )
alerts = input(false, title="Turn ON Tradingview Alerts ? ")
alertcondition(alerts?longCondition:na, "Buy", "BUY")
//alertcondition(shortCondition, "Open Short", "SHORT")
// For the closes you will want to trigger these alerts on condition with alert option "Once Per Bar"
// (NOTE: with Renko you can only use "Once Per Bar Close" option)
// b=sell q=99% e=binance s=ethbtc t=market ( CLOSE LONGS )
// or b=buy q=99% e=binance s=btcusdt u=currency t=market ( CLOSE SHORTS )
// This gets it as it happens and typically results in a better exit live than in the backtest.
// It works really well for counteracting some market slippage
alertcondition(alerts?longClose:na, "Sell", "SELL")
//alertcondition(shortClose, "Close Shorts", "CLOSE SHORTS")
////////////////////////////////////////////
//======[ Strategy Entry and Exits ]======//
////////////////////////////////////////////
if testPeriod() and isLong
strategy.entry("Long", 1, when=longCondition)
strategy.close("Long", when=longClose )
//if testPeriod() and isShort
// strategy.entry("Short", 0, when=shortCondition)
// strategy.close("Short", when=shortClose )
// --- Debugs
//plotchar(longExit,title="longExit",location=location.bottom,color=na)
//plotchar(longCondition,title="longCondition",location=location.bottom,color=na)
//plotchar(in_longCondition,title="in_longCondition",location=location.bottom,color=na)
//plotchar(longClose,title="longClose",location=location.bottom,color=na,color=na)
//plotchar(buy,title="buy",location=location.bottom,color=na)
// --- /Debugs
///////////////////////////////////
//======[ Reset Variables ]======//
///////////////////////////////////
if longClose or shortClose
tradeState := INACTIVE
in_longCondition := false
in_shortCondition := false
last_low := na
last_low_long := na
last_high := na
last_high_short := na
// EOF
//-- SUPPORT/RESISTANCE LINES by:ByDipsOnly and Allcoast -----------------------------------------------------------------------------
sr_sep = input(false, title="⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻ S/R Lines ⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻⎻")
show_SPlines_input = input(false, "Show S/R Lines")
tf = timeframe.period
vamp = input(title="VolumeMA", defval=6)
vam = sma(volume, vamp)
upside = high[3]>high[4] and high[4]>high[5] and high[2]<high[3] and high[1]<high[2] and volume[3]>vam[3]
downside = low[3]<low[4] and low[4]<low[5] and low[2]>low[3] and low[1]>low[2] and volume[3]>vam[3]
calcup() =>
fractalup = na
fractalup := upside ? high[3] : fractalup[1]
calcdown() =>
fractaldown = na
fractaldown := downside ? low[3] : fractaldown[1]
fuptf = request.security(syminfo.tickerid,tf == "current" ? period : tf, calcup())
fdowntf = request.security(syminfo.tickerid,tf == "current" ? period : tf, calcdown())
plotup = show_SPlines_input==true?fuptf:na
plotdown = show_SPlines_input==true?fdowntf:na
plot(plotup, "FractalUp", color=yellow, linewidth=1, style=cross, transp=0, offset =-3, join=false)
plot(plotdown, "FractalDown", color=blue, linewidth=1, style=cross, transp=0, offset=-3, join=false)
fractalupalert = na
fractalup = na
fractalup := upside ? high[3] : fractalup[1]
fractalupalert := high[3] > open or fractalup[1] > open
alertcondition(show_SPlines_input?fractalupalert:na, title="R Line", message='R Line')
//-- END SUPPORT/RESISTANCE LINES -------------------------------------------------------------------------------------------
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