Divergence on squeeze momentum

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Divergence on squeeze momentum

Postby isamegrelo » Thu Feb 08, 2018 12:38 pm

This is code from tradingview:
https://www.tradingview.com/script/OrlG ... -lb-alert/

Code: Select all
//
// @author opafce
//
study(shorttitle = "div_sq_lb_alert", title="Squeeze Momentum Indicator [LazyBear]", overlay=false)

length = input(20, title="BB Length")
mult = input(2.0,title="BB MultFactor")
lengthKC=input(20, title="KC Length")
multKC = input(1.5, title="KC MultFactor")

useTrueRange = input(true, title="Use TrueRange (KC)", type=bool)

// Calculate BB
source = close
basis = sma(source, length)
dev = multKC * stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev

// Calculate KC
ma = sma(source, lengthKC)
range = useTrueRange ? tr : (high - low)
rangema = sma(range, lengthKC)
upperKC = ma + rangema * multKC
lowerKC = ma - rangema * multKC

sqzOn  = (lowerBB > lowerKC) and (upperBB < upperKC)
sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC)
noSqz  = (sqzOn == false) and (sqzOff == false)

val = linreg(source  -  avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)),
            lengthKC,0)

bcolor = iff( val > 0,
            iff( val > nz(val[1]), lime, green),
            iff( val < nz(val[1]), red, maroon))
scolor = noSqz ? blue : sqzOn ? black : gray
//plot(val, color=bcolor, style=histogram, linewidth=4)
//plot(0, color=scolor, style=cross, linewidth=2)

local_ex_up=iff(val>0 and val<val[1] and val[1]>val[2],val,local_ex_up[1])
//plot (local_ex_up)
close_local_up=iff(val>0 and val<val[1] and val[1]>val[2],close,close_local_up[1])
//local_ex_up2=
//close_local_up2=
local_ex_dn=iff(val<0 and val>val[1] and val[1]<val[2],val,local_ex_dn[1])
//plot (local_ex_dn)
close_local_dn=iff(val<0 and val>val[1] and val[1]<val[2],close,close_local_dn[1])
dn_sg=(close_local_up>close_local_up[1] and local_ex_up[1]>local_ex_up)
dn_sg_custom= (close_local_dn>close_local_dn[1] and local_ex_dn[1]>local_ex_dn)
up_sg= (close_local_dn<close_local_dn[1] and local_ex_dn[1]<local_ex_dn)
up_sg_custom=(close_local_up<close_local_up[1] and local_ex_up[1]<local_ex_up)
//plotchar(dn_sg, char='d',color=red)
//plotchar(up_sg, char='d',color=green,location=location.belowbar)
//plotchar(dn_sg_custom, char='d',color=maroon)
//plotchar(up_sg_custom,char='d' ,color=olive,location=location.belowbar)
//bgcolor(up_sg ?  green: na, transp=75)
//bgcolor(dn_sg ? red : na, transp=75)
//bgcolor(up_sg_custom ?  olive: na, transp=75)
//bgcolor(dn_sg_custom ? maroon : na, transp=75)
//plot(close_local_up)
//plot(close_local_dn,color=red)
a = (dn_sg or dn_sg_custom or up_sg or up_sg_custom) ? (2) : (0)
plot(a, color=orange, linewidth = 4, title = "signal")
plot(1, linewidth = 4, title ="static")
isamegrelo
 
Posts: 95
Joined: Mon May 29, 2017 3:36 pm

Re: Divergence on squeeze momentum

Postby Apprentice » Fri Feb 09, 2018 6:25 am

Your request is added to the development list under Id Number 4044
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 19586
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia



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