Repaints B4 Balanced BB Breakout For ThinkOrSwim

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Takes me a long time, must find instructions etc
Had to reset the bb breakout script to old version and find trade etc.
 
Used the labels up top from the strat and market internals labels/Ichimoku/and some in conjunction with the Balanced BB Breakout to enter and exit
 
With his strat remix the signals are ActionableUp, MeasuredUp and ActionableDown and MeasuredDown.
 
Chuck said:
I ended trade before 1:30
Click to expand...
He has one where the screen turns all green when all the timeframes, monthly, weekly,daily, hourly all are moving up or down, that would be awesome for the cloud. But thats a whole other approach . Thanks for all your hard work. I don't have words to express my gratitude. Going to bed now after midnight here.
 
line 547 is error, can i know which part is missing? i just copy paste from #1

def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss elseprofitLossSum[1], 0);
 
Boonpeng2014 said:
line 547 is error, can i know which part is missing? i just copy paste from #1

def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss elseprofitLossSum[1], 0);
Click to expand...
Please read the history of the post. There has been many updates.
 
Everyone, I'm pretty happy with today's performance and changes to the study. Here is the latest update. Next is to re-work the strategy section to create a complete solution.

Code: 
# Balanced BB Breakout Indicator
# Free for use. Header credits must be included when any form of the code included in this package is used.
# User assumes all risk. Author not responsible for errors or use of tool.
# v1.2 - Assembled by Chuck Edwards
# v2.0 - Barbaros - cleanup
# v2.1 - Barbaros - added RSI IFT, NumberOfShares, BB crossing options
# v2.2 - Barbaros - fixed PnL issues and removed intraDay filter
# v2.3 - Barbaros - changed input and variable names, RSM is re-done

declare lower;

### Market Forecast

def pIntermediate = MarketForecast().Intermediate;

AddLabel(yes,
    "Market Forecast " +
    if pIntermediate >= 80 then "Bullish" else
    if pIntermediate <= 20 then "Bearish" else
    if pIntermediate > pIntermediate[1] then "Rising" else
    if pIntermediate < pIntermediate[1] then "Falling" else " ",
    if pIntermediate >= 80 then CreateColor(204, 255, 204) else # Pre_Cyan
    if pIntermediate <= 20 then Color.RED else
    if pIntermediate > pIntermediate[1] then CreateColor(0, 165, 0) else # LabelGreen
    if pIntermediate < pIntermediate[1] then Color.RED else Color.LIGHT_GRAY
);

### MACDBB

input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_Length = 25;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;

def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = MACDBB_Length);

plot MACDBB_Upper = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).UpperBand;
MACDBB_Upper.SetDefaultColor(Color.RED);
MACDBB_Upper.HideTitle();
MACDBB_Upper.HideBubble();

plot MACDBB_Lower = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).Lowerband;
MACDBB_Lower.SetDefaultColor(Color.GREEN);
MACDBB_Lower.HideTitle();
MACDBB_Lower.HideBubble();

plot MACDBB_Midline = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).MidLine;
MACDBB_Midline.SetDefaultColor(Color.LIGHT_RED);
MACDBB_Midline.SetStyle(Curve.FIRM);
MACDBB_MidLine.HideTitle();
MACDBB_MidLine.HideBubble();

plot MACDBB_Line = MACDBB_Data;
MACDBB_Line.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.RED else
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Line.SetLineWeight(1);

plot MACDBB_Dots = MACDBB_Data;
MACDBB_Dots.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);
MACDBB_Dots.HideTitle();
MACDBB_Dots.HideBubble();

AddLabel(yes,
    "Trend " +
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Bullish"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Falling"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Bearish"
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Rising"
    else "Neutral",
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);

### MACD BB Alert

input MACDBB_CrossFromAboveAlert = {default "Zero", "Lower", "Middle", "Upper"};
input MACDBB_CrossFromBelowAlert = {default "Zero", "Lower", "Middle", "Upper"};

def MACDBB_CrossFromAboveVal = if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Upper then MACDBB_Upper
                              else 0;
def MACDBB_CrossFromBelowVal = if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Upper then MACDBB_Upper
                               else 0;

Alert(MACDBB_Line crosses above MACDBB_CrossFromAboveVal, "Time to Buy", Alert.BAR, Sound.Chimes);
Alert(MACDBB_Line crosses below MACDBB_CrossFromBelowVal, "Time to Sell", Alert.BAR, Sound.Bell);

### Keltner Channels

input Keltner_Factor = 1.5;
input Keltner_length = 20;
input Keltner_AverageType = AverageType.EXPONENTIAL;
input Keltner_TrueRangeAverageType = AverageType.EXPONENTIAL;

def Keltner_Shift = Keltner_Factor * MovingAverage(Keltner_TrueRangeAverageType, TrueRange(high, close, low), Keltner_length);
def Keltner_Average = MovingAverage(Keltner_AverageType, close, Keltner_length);
def Keltner_Upper_Band = Keltner_Average + Keltner_Shift;
def Keltner_Lower_Band = Keltner_Average - Keltner_Shift;

### Bollinger Bands

input BB_Length = 20;
input BB_NumDevDn = -2.0;
input BB_NumDevUp = 2.0;
input BB_AverageType = AverageType.SIMPLE;

def BB_SDev = StDev(data = close, length = BB_Length);
def BB_MidLine = MovingAverage(BB_AverageType, data = close, length = BB_Length);
def BB_LowerBand = BB_MidLine + BB_NumDevDn * BB_SDev;
def BB_UpperBand = BB_MidLine + BB_NumDevUp * BB_SDev;

# BB Cloud

AddCloud(if BB_UpperBand <= Keltner_Upper_Band and BB_LowerBand >= Keltner_Lower_Band then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.YELLOW);
AddCloud(MACDBB_Upper, MACDBB_Lower, Color.LIGHT_RED);

### RSI/STOCASTIC/MACD CONFLUENCE COMBO

input RSM_MACD_ShowBreakoutSignals = no;

plot RSM_MACD_Diff = reference MACD("fast length" = 12, "slow length" = 26, "macd length" = 9).Diff;
RSM_MACD_Diff.SetDefaultColor(GetColor(5));
RSM_MACD_Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
RSM_MACD_Diff.SetLineWeight(4);
RSM_MACD_Diff.DefineColor("Positive and Up", Color.GREEN);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.RED);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.DARK_RED);
RSM_MACD_Diff.AssignValueColor(
    if RSM_MACD_Diff >= 0 then
        if RSM_MACD_Diff > RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Positive and Up") else RSM_MACD_Diff.Color("Positive and Down")
    else
        if RSM_MACD_Diff < RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Negative and Down") else RSM_MACD_Diff.Color("Negative and Up")
);

plot RSM_MACD_ZeroLine = 0;
RSM_MACD_ZeroLine.SetDefaultColor(Color.RED);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.HideBubble();

plot RSM_MACD_UpSignal = if RSM_MACD_Diff crosses above RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_UpSignal.SetDefaultColor(Color.UPTICK);
RSM_MACD_UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
RSM_MACD_UpSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_UpSignal.HideTitle();
RSM_MACD_UpSignal.HideBubble();

plot RSM_MACD_DownSignal = if RSM_MACD_Diff crosses below RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_DownSignal.SetDefaultColor(Color.DOWNTICK);
RSM_MACD_DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RSM_MACD_DownSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_DownSignal.HideTitle();
RSM_MACD_DownSignal.HideBubble();

def RSM_RSI = reference RSI(length = 7).RSI;

def RSM_Stoch_Val = 100 * (close - lowest(low, 14)) / (highest(high, 14) - lowest(low, 14));
def RSM_StochSlowK = SimpleMovingAvg(SimpleMovingAvg(RSM_Stoch_Val,3),3);

def RSM_rsiGreen = RSM_RSI >= 50;
def RSM_rsiRed = RSM_RSI < 50;
def RSM_stochGreen = RSM_StochSlowK >= 50;
def RSM_stochRed = RSM_StochSlowK < 50;
def RSM_macdGreen = RSM_MACD_Diff >= 0;
def RSM_macdRed = RSM_MACD_Diff < 0;

input RSM_PaintBars = yes;
AssignPriceColor(
    if RSM_PaintBars and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Color.GREEN
    else if RSM_PaintBars and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Color.RED
    else if RSM_PaintBars then Color.DARK_GRAY
    else Color.CURRENT
);

# Shade areas based on criteria; adjust as needed

AddCloud(
    if RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiGreen and RSM_stochGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_GREEN
);
AddCloud(
    if RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiRed and RSM_stochRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
);

### Balance of Power

input BOP_EMA_Length = 20;
input BOP_TEMA_Length = 20;

def BOP_THL = If(high != low, high - low, 0.01);
def BOP_BullOpen = (high - open) / BOP_THL;
def BOP_BearOpen = (open - low) / BOP_THL;
def BOP_BullClose = (close - low) / BOP_THL;
def BOP_BearClose = (high - close) / BOP_THL;
def BOP_BullOC = If(close > open, (close - open) / BOP_THL, 0);
def BOP_BearOC = If(open > close, (open - close) / BOP_THL, 0);
def BOP_BullReward = (BOP_BullOpen + BOP_BullClose + BOP_BullOC) / 1;
def BOP_BearReward = (BOP_BearOpen + BOP_BearClose + BOP_BearOC) / 1;

def BOP_BOP = BOP_BullReward - BOP_BearReward;
def BOP_SmoothBOP = ExpAverage(BOP_BOP, BOP_EMA_Length);
def BOP_xPrice = BOP_SmoothBOP;
def BOP_xEMA1 = ExpAverage(BOP_SmoothBOP, BOP_TEMA_Length);
def BOP_xEMA2 = ExpAverage(BOP_xEMA1, BOP_TEMA_Length);
def BOP_xEMA3 = ExpAverage(BOP_xEMA2, BOP_TEMA_Length);
def BOP_nRes = 3 * BOP_xEMA1 - 3 * BOP_xEMA2 + BOP_xEMA3;

def BOP_SmootherBOP = BOP_nRes;
def BOP_s1 = BOP_SmoothBOP;
def BOP_s2 = BOP_SmootherBOP;
def BOP_s3 = BOP_SmootherBOP[2];

def BOP_Sell = BOP_s2 < BOP_s3 and BOP_s2[1] > BOP_s3[1];
def BOP_Buy = BOP_s2 > BOP_s3 and BOP_s2[1] < BOP_s3[1];

### RSI IFT

def RSI_IFT_R = reference RSI(5, close) - 50;
def RSI_IFT_AvgRSI = MovingAverage(AverageType.Exponential,RSI_IFT_R,9);
def RSI_IFT_InverseRSI = (Power(Double.E, 2 * RSI_IFT_AvgRSI) - 1) / (Power(Double.E, 2 * RSI_IFT_AvgRSI) + 1);
def RSI_IFT_Buy =  (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0);
def RSI_IFT_Sell = (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0);

### Vertical Buy/Sell Signals

input BuySellStrategy = { "BalanceOfPower", "InSync", default "RSI_IFT" };

AddVerticalLine(

    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Sell
    else RSI_IFT_Sell,

    close, Color.RED, Curve.SHORT_DASH);

AddVerticalLine(
    
    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Buy
    else RSI_IFT_Buy,

    close, Color.GREEN, Curve.SHORT_DASH);

### P/L Statement

input PandL_Label = No;
input NumOfShares = 1;

Assert(NumOfShares >= 1, "Number of Shares needs to be equal or grater than 1");

def orderDir =  CompoundValue(1,
                        if BuySellStrategy == BuySellStrategy.BalanceOfPower then
                            if BOP_Buy then 1 else if BOP_Sell then -1 else orderDir[1]
                        else
                            if RSI_IFT_Buy then 1 else if RSI_IFT_Sell then -1 else orderDir[1]
                , 0);
def isOrder = orderDir crosses 0;
def orderCount = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then orderCount[1] + 1 else orderCount[1], 0);
def noBar = IsNaN(open[-1]);
def orderPrice = if isOrder then if noBar then close else open[-1] else orderPrice[1];
def profitLoss = if !isOrder or orderCount == 1 then 0
                else if orderDir > 0 then orderPrice[1] - orderPrice
                else if orderDir < 0 then orderPrice - orderPrice[1]
                else 0;
def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);
def orderWinners = CompoundValue(1, if IsNaN(isOrder) then orderWinners[1] else if orderCount > 1 and profitLoss > 0 then orderWinners[1] + 1 else orderWinners[1], 0);

AddLabel(PandL_Label,
    orderCount + " orders (" + AsPercent(orderWinners / orderCount) + ") | P/L " + AsDollars ((profitLossSum / TickSize()) * TickValue() * NumOfShares),
    if profitLossSum > 0 then Color.GREEN else if profitLossSum < 0 then Color.RED else Color.GRAY
);
 
barbaros said:
beta2 - removed InSync until we find a solution for indicies.

Code: 
# Balanced BB Breakout Indicator
# Free for use. Header credits must be included when any form of the code included in this package is used.
# User assumes all risk. Author not responsible for errors or use of tool.
# v1.2 - Assembled by Chuck Edwards
# v2.0 - Barbaros - cleanup
# v2.1 - Barbaros - added RSI IFT, NumberOfShares, BB crossing options
# v2.2 - Barbaros - fixed PnL issues and removed intraDay filter
# beta2 - Barbaros - changed input and variable names, RSM is re-done

declare lower;

### Market Forecast

def pIntermediate = MarketForecast().Intermediate;

AddLabel(yes,
    "Market Forecast " +
    if pIntermediate >= 80 then "Bullish" else
    if pIntermediate <= 20 then "Bearish" else
    if pIntermediate > pIntermediate[1] then "Rising" else
    if pIntermediate < pIntermediate[1] then "Falling" else " ",
    if pIntermediate >= 80 then CreateColor(204, 255, 204) else # Pre_Cyan
    if pIntermediate <= 20 then Color.RED else
    if pIntermediate > pIntermediate[1] then CreateColor(0, 165, 0) else # LabelGreen
    if pIntermediate < pIntermediate[1] then Color.RED else Color.LIGHT_GRAY
);

### MACDBB

input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_Length = 25;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;

def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = MACDBB_Length);
plot MACDBB_Dots = MACDBB_Data;
plot MACDBB_Line = MACDBB_Data;

plot MACDBB_Upper = reference BollingerBands(price = MACDBB_Line, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).UpperBand;
plot MACDBB_Lower = reference BollingerBands(price = MACDBB_Line, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).Lowerband;
plot MACDBB_Midline = reference BollingerBands(price = MACDBB_Line, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).MidLine;

MACDBB_Upper.SetDefaultColor(Color.RED);
MACDBB_Lower.SetDefaultColor(Color.GREEN);
MACDBB_Midline.SetDefaultColor(Color.LIGHT_RED);
MACDBB_Midline.SetStyle(Curve.FIRM);

MACDBB_Line.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.RED else
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Line.SetLineWeight(1);

MACDBB_Dots.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);

AddLabel(yes,
    "Trend " +
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Bullish"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Falling"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Bearish"
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Rising"
    else "Neutral",
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);

### MACD BB Alert

input MACDBB_CrossFromAboveAlert = {default "Zero", "Lower", "Middle", "Upper"};
input MACDBB_CrossFromBelowAlert = {default "Zero", "Lower", "Middle", "Upper"};

def MACDBB_CrossFromAboveVal = if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Upper then MACDBB_Upper
                              else 0;
def MACDBB_CrossFromBelowVal = if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Upper then MACDBB_Upper
                               else 0;

Alert(MACDBB_Line crosses above MACDBB_CrossFromAboveVal, "Time to Buy", Alert.BAR, Sound.Chimes);
Alert(MACDBB_Line crosses below MACDBB_CrossFromBelowVal, "Time to Sell", Alert.BAR, Sound.Bell);

### Keltner Channels

input Keltner_Factor = 1.5;
input Keltner_length = 20;
input Keltner_AverageType = AverageType.EXPONENTIAL;
input Keltner_TrueRangeAverageType = AverageType.EXPONENTIAL;

def Keltner_Shift = Keltner_Factor * MovingAverage(Keltner_TrueRangeAverageType, TrueRange(high, close, low), Keltner_length);
def Keltner_Average = MovingAverage(Keltner_AverageType, close, Keltner_length);
def Keltner_Upper_Band = Keltner_Average + Keltner_Shift;
def Keltner_Lower_Band = Keltner_Average - Keltner_Shift;

### Bollinger Bands

input BB_Length = 20;
input BB_NumDevDn = -2.0;
input BB_NumDevUp = 2.0;
input BB_AverageType = AverageType.SIMPLE;

def BB_SDev = StDev(data = close, length = BB_Length);
def BB_MidLine = MovingAverage(BB_AverageType, data = close, length = BB_Length);
def BB_LowerBand = BB_MidLine + BB_NumDevDn * BB_SDev;
def BB_UpperBand = BB_MidLine + BB_NumDevUp * BB_SDev;

# BB Cloud

AddCloud(if BB_UpperBand <= Keltner_Upper_Band and BB_LowerBand >= Keltner_Lower_Band then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.YELLOW);
AddCloud(MACDBB_Upper, MACDBB_Lower, Color.LIGHT_RED);

### RSI/STOCASTIC/MACD CONFLUENCE COMBO

input RSM_MACD_ShowBreakoutSignals = no;

plot RSM_MACD_Diff = reference MACD("fast length" = 12, "slow length" = 26, "macd length" = 9).Diff;
RSM_MACD_Diff.SetDefaultColor(GetColor(5));
RSM_MACD_Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
RSM_MACD_Diff.SetLineWeight(4);
RSM_MACD_Diff.DefineColor("Positive and Up", Color.GREEN);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.RED);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.DARK_RED);
RSM_MACD_Diff.AssignValueColor(
    if RSM_MACD_Diff >= 0 then
        if RSM_MACD_Diff > RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Positive and Up") else RSM_MACD_Diff.Color("Positive and Down")
    else
        if RSM_MACD_Diff < RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Negative and Down") else RSM_MACD_Diff.Color("Negative and Up")
);

plot RSM_MACD_ZeroLine = 0;
RSM_MACD_ZeroLine.SetDefaultColor(Color.RED);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.HideBubble();

plot RSM_MACD_UpSignal = if RSM_MACD_Diff crosses above RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_UpSignal.SetDefaultColor(Color.UPTICK);
RSM_MACD_UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
RSM_MACD_UpSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);

plot RSM_MACD_DownSignal = if RSM_MACD_Diff crosses below RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_DownSignal.SetDefaultColor(Color.DOWNTICK);
RSM_MACD_DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RSM_MACD_DownSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);

def RSM_RSI = reference RSI(length = 7).RSI;

def RSM_Stoch_Val = 100 * (close - lowest(low, 14)) / (highest(high, 14) - lowest(low, 14));
def RSM_StochSlowK = SimpleMovingAvg(SimpleMovingAvg(RSM_Stoch_Val,3),3);

def RSM_rsiGreen = RSM_RSI >= 50;
def RSM_rsiRed = RSM_RSI < 50;
def RSM_stochGreen = RSM_StochSlowK >= 50;
def RSM_stochRed = RSM_StochSlowK < 50;
def RSM_macdGreen = RSM_MACD_Diff >= 0;
def RSM_macdRed = RSM_MACD_Diff < 0;

input RSM_PaintBars = yes;
AssignPriceColor(
    if RSM_PaintBars and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Color.GREEN
    else if RSM_PaintBars and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Color.RED
    else if RSM_PaintBars then Color.DARK_GRAY
    else Color.CURRENT
);

# Shade areas based on criteria; adjust as needed

AddCloud(
    if RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiGreen and RSM_stochGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_GREEN
);
AddCloud(
    if RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiRed and RSM_stochRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
);

### Balance of Power

input BOP_EMA_Length = 20;
input BOP_TEMA_Length = 20;

def BOP_THL = If(high != low, high - low, 0.01);
def BOP_BullOpen = (high - open) / BOP_THL;
def BOP_BearOpen = (open - low) / BOP_THL;
def BOP_BullClose = (close - low) / BOP_THL;
def BOP_BearClose = (high - close) / BOP_THL;
def BOP_BullOC = If(close > open, (close - open) / BOP_THL, 0);
def BOP_BearOC = If(open > close, (open - close) / BOP_THL, 0);
def BOP_BullReward = (BOP_BullOpen + BOP_BullClose + BOP_BullOC) / 1;
def BOP_BearReward = (BOP_BearOpen + BOP_BearClose + BOP_BearOC) / 1;

def BOP_BOP = BOP_BullReward - BOP_BearReward;
def BOP_SmoothBOP = ExpAverage(BOP_BOP, BOP_EMA_Length);
def BOP_xPrice = BOP_SmoothBOP;
def BOP_xEMA1 = ExpAverage(BOP_SmoothBOP, BOP_TEMA_Length);
def BOP_xEMA2 = ExpAverage(BOP_xEMA1, BOP_TEMA_Length);
def BOP_xEMA3 = ExpAverage(BOP_xEMA2, BOP_TEMA_Length);
def BOP_nRes = 3 * BOP_xEMA1 - 3 * BOP_xEMA2 + BOP_xEMA3;

def BOP_SmootherBOP = BOP_nRes;
def BOP_s1 = BOP_SmoothBOP;
def BOP_s2 = BOP_SmootherBOP;
def BOP_s3 = BOP_SmootherBOP[2];

def BOP_Sell = BOP_s2 < BOP_s3 and BOP_s2[1] > BOP_s3[1];
def BOP_Buy = BOP_s2 > BOP_s3 and BOP_s2[1] < BOP_s3[1];

### RSI IFT

def RSI_IFT_R = reference RSI(5, close) - 50;
def RSI_IFT_AvgRSI = MovingAverage(AverageType.Exponential,RSI_IFT_R,9);
def RSI_IFT_InverseRSI = (Power(Double.E, 2 * RSI_IFT_AvgRSI) - 1) / (Power(Double.E, 2 * RSI_IFT_AvgRSI) + 1);
def RSI_IFT_Buy =  (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0);
def RSI_IFT_Sell = (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0);

### Vertical Buy/Sell Signals

input BuySellStrategy = { "BalanceOfPower", "InSync", default "RSI_IFT" };

AddVerticalLine(

    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Sell
    else RSI_IFT_Sell,

    close, Color.RED, Curve.SHORT_DASH);

AddVerticalLine(
  
    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Buy
    else RSI_IFT_Buy,

    close, Color.GREEN, Curve.SHORT_DASH);

### P/L Statement

input PandL_Label = No;
input NumOfShares = 1;

Assert(NumOfShares >= 1, "Number of Shares needs to be equal or grater than 1");

def orderDir =  CompoundValue(1,
                        if BuySellStrategy == BuySellStrategy.BalanceOfPower then
                            if BOP_Buy then 1 else if BOP_Sell then -1 else orderDir[1]
                        else
                            if RSI_IFT_Buy then 1 else if RSI_IFT_Sell then -1 else orderDir[1]
                , 0);
def isOrder = orderDir crosses 0;
def orderCount = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then orderCount[1] + 1 else orderCount[1], 0);
def noBar = IsNaN(open[-1]);
def orderPrice = if isOrder then if noBar then close else open[-1] else orderPrice[1];
def profitLoss = if !isOrder or orderCount == 1 then 0
                else if orderDir > 0 then orderPrice[1] - orderPrice
                else if orderDir < 0 then orderPrice - orderPrice[1]
                else 0;
def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);
def orderWinners = CompoundValue(1, if IsNaN(isOrder) then orderWinners[1] else if orderCount > 1 and profitLoss > 0 then orderWinners[1] + 1 else orderWinners[1], 0);

AddLabel(PandL_Label,
    orderCount + " orders (" + AsPercent(orderWinners / orderCount) + ") | P/L " + AsDollars ((profitLossSum / TickSize()) * TickValue() * NumOfShares),
    if profitLossSum > 0 then Color.GREEN else if profitLossSum < 0 then Color.RED else Color.GRAY
);
Click to expand...
Awesome. Thanks for figuring this out!
 
barbaros said:
Everyone, I'm pretty happy with today's performance and changes to the study. Here is the latest update. Next is to re-work the strategy section to create a complete solution.

Code: 
# Balanced BB Breakout Indicator
# Free for use. Header credits must be included when any form of the code included in this package is used.
# User assumes all risk. Author not responsible for errors or use of tool.
# v1.2 - Assembled by Chuck Edwards
# v2.0 - Barbaros - cleanup
# v2.1 - Barbaros - added RSI IFT, NumberOfShares, BB crossing options
# v2.2 - Barbaros - fixed PnL issues and removed intraDay filter
# v2.3 - Barbaros - changed input and variable names, RSM is re-done

declare lower;

### Market Forecast

def pIntermediate = MarketForecast().Intermediate;

AddLabel(yes,
    "Market Forecast " +
    if pIntermediate >= 80 then "Bullish" else
    if pIntermediate <= 20 then "Bearish" else
    if pIntermediate > pIntermediate[1] then "Rising" else
    if pIntermediate < pIntermediate[1] then "Falling" else " ",
    if pIntermediate >= 80 then CreateColor(204, 255, 204) else # Pre_Cyan
    if pIntermediate <= 20 then Color.RED else
    if pIntermediate > pIntermediate[1] then CreateColor(0, 165, 0) else # LabelGreen
    if pIntermediate < pIntermediate[1] then Color.RED else Color.LIGHT_GRAY
);

### MACDBB

input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_Length = 25;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;

def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = MACDBB_Length);

plot MACDBB_Upper = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).UpperBand;
MACDBB_Upper.SetDefaultColor(Color.RED);
MACDBB_Upper.HideTitle();
MACDBB_Upper.HideBubble();

plot MACDBB_Lower = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).Lowerband;
MACDBB_Lower.SetDefaultColor(Color.GREEN);
MACDBB_Lower.HideTitle();
MACDBB_Lower.HideBubble();

plot MACDBB_Midline = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).MidLine;
MACDBB_Midline.SetDefaultColor(Color.LIGHT_RED);
MACDBB_Midline.SetStyle(Curve.FIRM);
MACDBB_MidLine.HideTitle();
MACDBB_MidLine.HideBubble();

plot MACDBB_Line = MACDBB_Data;
MACDBB_Line.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.RED else
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Line.SetLineWeight(1);

plot MACDBB_Dots = MACDBB_Data;
MACDBB_Dots.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);
MACDBB_Dots.HideTitle();
MACDBB_Dots.HideBubble();

AddLabel(yes,
    "Trend " +
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Bullish"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Falling"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Bearish"
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Rising"
    else "Neutral",
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);

### MACD BB Alert

input MACDBB_CrossFromAboveAlert = {default "Zero", "Lower", "Middle", "Upper"};
input MACDBB_CrossFromBelowAlert = {default "Zero", "Lower", "Middle", "Upper"};

def MACDBB_CrossFromAboveVal = if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Upper then MACDBB_Upper
                              else 0;
def MACDBB_CrossFromBelowVal = if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Upper then MACDBB_Upper
                               else 0;

Alert(MACDBB_Line crosses above MACDBB_CrossFromAboveVal, "Time to Buy", Alert.BAR, Sound.Chimes);
Alert(MACDBB_Line crosses below MACDBB_CrossFromBelowVal, "Time to Sell", Alert.BAR, Sound.Bell);

### Keltner Channels

input Keltner_Factor = 1.5;
input Keltner_length = 20;
input Keltner_AverageType = AverageType.EXPONENTIAL;
input Keltner_TrueRangeAverageType = AverageType.EXPONENTIAL;

def Keltner_Shift = Keltner_Factor * MovingAverage(Keltner_TrueRangeAverageType, TrueRange(high, close, low), Keltner_length);
def Keltner_Average = MovingAverage(Keltner_AverageType, close, Keltner_length);
def Keltner_Upper_Band = Keltner_Average + Keltner_Shift;
def Keltner_Lower_Band = Keltner_Average - Keltner_Shift;

### Bollinger Bands

input BB_Length = 20;
input BB_NumDevDn = -2.0;
input BB_NumDevUp = 2.0;
input BB_AverageType = AverageType.SIMPLE;

def BB_SDev = StDev(data = close, length = BB_Length);
def BB_MidLine = MovingAverage(BB_AverageType, data = close, length = BB_Length);
def BB_LowerBand = BB_MidLine + BB_NumDevDn * BB_SDev;
def BB_UpperBand = BB_MidLine + BB_NumDevUp * BB_SDev;

# BB Cloud

AddCloud(if BB_UpperBand <= Keltner_Upper_Band and BB_LowerBand >= Keltner_Lower_Band then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.YELLOW);
AddCloud(MACDBB_Upper, MACDBB_Lower, Color.LIGHT_RED);

### RSI/STOCASTIC/MACD CONFLUENCE COMBO

input RSM_MACD_ShowBreakoutSignals = no;

plot RSM_MACD_Diff = reference MACD("fast length" = 12, "slow length" = 26, "macd length" = 9).Diff;
RSM_MACD_Diff.SetDefaultColor(GetColor(5));
RSM_MACD_Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
RSM_MACD_Diff.SetLineWeight(4);
RSM_MACD_Diff.DefineColor("Positive and Up", Color.GREEN);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.RED);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.DARK_RED);
RSM_MACD_Diff.AssignValueColor(
    if RSM_MACD_Diff >= 0 then
        if RSM_MACD_Diff > RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Positive and Up") else RSM_MACD_Diff.Color("Positive and Down")
    else
        if RSM_MACD_Diff < RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Negative and Down") else RSM_MACD_Diff.Color("Negative and Up")
);

plot RSM_MACD_ZeroLine = 0;
RSM_MACD_ZeroLine.SetDefaultColor(Color.RED);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.HideBubble();

plot RSM_MACD_UpSignal = if RSM_MACD_Diff crosses above RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_UpSignal.SetDefaultColor(Color.UPTICK);
RSM_MACD_UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
RSM_MACD_UpSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_UpSignal.HideTitle();
RSM_MACD_UpSignal.HideBubble();

plot RSM_MACD_DownSignal = if RSM_MACD_Diff crosses below RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_DownSignal.SetDefaultColor(Color.DOWNTICK);
RSM_MACD_DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RSM_MACD_DownSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_DownSignal.HideTitle();
RSM_MACD_DownSignal.HideBubble();

def RSM_RSI = reference RSI(length = 7).RSI;

def RSM_Stoch_Val = 100 * (close - lowest(low, 14)) / (highest(high, 14) - lowest(low, 14));
def RSM_StochSlowK = SimpleMovingAvg(SimpleMovingAvg(RSM_Stoch_Val,3),3);

def RSM_rsiGreen = RSM_RSI >= 50;
def RSM_rsiRed = RSM_RSI < 50;
def RSM_stochGreen = RSM_StochSlowK >= 50;
def RSM_stochRed = RSM_StochSlowK < 50;
def RSM_macdGreen = RSM_MACD_Diff >= 0;
def RSM_macdRed = RSM_MACD_Diff < 0;

input RSM_PaintBars = yes;
AssignPriceColor(
    if RSM_PaintBars and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Color.GREEN
    else if RSM_PaintBars and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Color.RED
    else if RSM_PaintBars then Color.DARK_GRAY
    else Color.CURRENT
);

# Shade areas based on criteria; adjust as needed

AddCloud(
    if RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiGreen and RSM_stochGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_GREEN
);
AddCloud(
    if RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiRed and RSM_stochRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
);

### Balance of Power

input BOP_EMA_Length = 20;
input BOP_TEMA_Length = 20;

def BOP_THL = If(high != low, high - low, 0.01);
def BOP_BullOpen = (high - open) / BOP_THL;
def BOP_BearOpen = (open - low) / BOP_THL;
def BOP_BullClose = (close - low) / BOP_THL;
def BOP_BearClose = (high - close) / BOP_THL;
def BOP_BullOC = If(close > open, (close - open) / BOP_THL, 0);
def BOP_BearOC = If(open > close, (open - close) / BOP_THL, 0);
def BOP_BullReward = (BOP_BullOpen + BOP_BullClose + BOP_BullOC) / 1;
def BOP_BearReward = (BOP_BearOpen + BOP_BearClose + BOP_BearOC) / 1;

def BOP_BOP = BOP_BullReward - BOP_BearReward;
def BOP_SmoothBOP = ExpAverage(BOP_BOP, BOP_EMA_Length);
def BOP_xPrice = BOP_SmoothBOP;
def BOP_xEMA1 = ExpAverage(BOP_SmoothBOP, BOP_TEMA_Length);
def BOP_xEMA2 = ExpAverage(BOP_xEMA1, BOP_TEMA_Length);
def BOP_xEMA3 = ExpAverage(BOP_xEMA2, BOP_TEMA_Length);
def BOP_nRes = 3 * BOP_xEMA1 - 3 * BOP_xEMA2 + BOP_xEMA3;

def BOP_SmootherBOP = BOP_nRes;
def BOP_s1 = BOP_SmoothBOP;
def BOP_s2 = BOP_SmootherBOP;
def BOP_s3 = BOP_SmootherBOP[2];

def BOP_Sell = BOP_s2 < BOP_s3 and BOP_s2[1] > BOP_s3[1];
def BOP_Buy = BOP_s2 > BOP_s3 and BOP_s2[1] < BOP_s3[1];

### RSI IFT

def RSI_IFT_R = reference RSI(5, close) - 50;
def RSI_IFT_AvgRSI = MovingAverage(AverageType.Exponential,RSI_IFT_R,9);
def RSI_IFT_InverseRSI = (Power(Double.E, 2 * RSI_IFT_AvgRSI) - 1) / (Power(Double.E, 2 * RSI_IFT_AvgRSI) + 1);
def RSI_IFT_Buy =  (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0);
def RSI_IFT_Sell = (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0);

### Vertical Buy/Sell Signals

input BuySellStrategy = { "BalanceOfPower", "InSync", default "RSI_IFT" };

AddVerticalLine(

    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Sell
    else RSI_IFT_Sell,

    close, Color.RED, Curve.SHORT_DASH);

AddVerticalLine(
  
    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Buy
    else RSI_IFT_Buy,

    close, Color.GREEN, Curve.SHORT_DASH);

### P/L Statement

input PandL_Label = No;
input NumOfShares = 1;

Assert(NumOfShares >= 1, "Number of Shares needs to be equal or grater than 1");

def orderDir =  CompoundValue(1,
                        if BuySellStrategy == BuySellStrategy.BalanceOfPower then
                            if BOP_Buy then 1 else if BOP_Sell then -1 else orderDir[1]
                        else
                            if RSI_IFT_Buy then 1 else if RSI_IFT_Sell then -1 else orderDir[1]
                , 0);
def isOrder = orderDir crosses 0;
def orderCount = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then orderCount[1] + 1 else orderCount[1], 0);
def noBar = IsNaN(open[-1]);
def orderPrice = if isOrder then if noBar then close else open[-1] else orderPrice[1];
def profitLoss = if !isOrder or orderCount == 1 then 0
                else if orderDir > 0 then orderPrice[1] - orderPrice
                else if orderDir < 0 then orderPrice - orderPrice[1]
                else 0;
def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);
def orderWinners = CompoundValue(1, if IsNaN(isOrder) then orderWinners[1] else if orderCount > 1 and profitLoss > 0 then orderWinners[1] + 1 else orderWinners[1], 0);

AddLabel(PandL_Label,
    orderCount + " orders (" + AsPercent(orderWinners / orderCount) + ") | P/L " + AsDollars ((profitLossSum / TickSize()) * TickValue() * NumOfShares),
    if profitLossSum > 0 then Color.GREEN else if profitLossSum < 0 then Color.RED else Color.GRAY
);
Click to expand...
For some reason, I cant get the study to show up clearly.......The BB lines don't show and the candle repaint and labels are missing. Reinstalled it several times and restarted my system.
 
Chuck said:
For some reason, I cant get the study to show up clearly.......The BB lines don't show and the candle repaint and labels are missing. Reinstalled it several times and restarted my system.
Click to expand...
May be data feed issues, I reinstalled the older Beta and still have the same issue. I have noticed sometimes TOS does that when they are down after regular hours updating software etc. I will check bel a little later to see if conditions change.
 
Chuck said:
May be data feed issues, I reinstalled the older Beta and still have the same issue. I have noticed sometimes TOS does that when they are down after regular hours updating software etc. I will check bel a little later to see if conditions change.
Click to expand...
It's fine on mine. What symbol are you using it on?
 
barbaros said:
Everyone, I'm pretty happy with today's performance and changes to the study. Here is the latest update. Next is to re-work the strategy section to create a complete solution.

Code: 
# Balanced BB Breakout Indicator
# Free for use. Header credits must be included when any form of the code included in this package is used.
# User assumes all risk. Author not responsible for errors or use of tool.
# v1.2 - Assembled by Chuck Edwards
# v2.0 - Barbaros - cleanup
# v2.1 - Barbaros - added RSI IFT, NumberOfShares, BB crossing options
# v2.2 - Barbaros - fixed PnL issues and removed intraDay filter
# v2.3 - Barbaros - changed input and variable names, RSM is re-done

declare lower;

### Market Forecast

def pIntermediate = MarketForecast().Intermediate;

AddLabel(yes,
    "Market Forecast " +
    if pIntermediate >= 80 then "Bullish" else
    if pIntermediate <= 20 then "Bearish" else
    if pIntermediate > pIntermediate[1] then "Rising" else
    if pIntermediate < pIntermediate[1] then "Falling" else " ",
    if pIntermediate >= 80 then CreateColor(204, 255, 204) else # Pre_Cyan
    if pIntermediate <= 20 then Color.RED else
    if pIntermediate > pIntermediate[1] then CreateColor(0, 165, 0) else # LabelGreen
    if pIntermediate < pIntermediate[1] then Color.RED else Color.LIGHT_GRAY
);

### MACDBB

input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_Length = 25;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;

def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = MACDBB_Length);

plot MACDBB_Upper = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).UpperBand;
MACDBB_Upper.SetDefaultColor(Color.RED);
MACDBB_Upper.HideTitle();
MACDBB_Upper.HideBubble();

plot MACDBB_Lower = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).Lowerband;
MACDBB_Lower.SetDefaultColor(Color.GREEN);
MACDBB_Lower.HideTitle();
MACDBB_Lower.HideBubble();

plot MACDBB_Midline = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).MidLine;
MACDBB_Midline.SetDefaultColor(Color.LIGHT_RED);
MACDBB_Midline.SetStyle(Curve.FIRM);
MACDBB_MidLine.HideTitle();
MACDBB_MidLine.HideBubble();

plot MACDBB_Line = MACDBB_Data;
MACDBB_Line.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.RED else
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Line.SetLineWeight(1);

plot MACDBB_Dots = MACDBB_Data;
MACDBB_Dots.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);
MACDBB_Dots.HideTitle();
MACDBB_Dots.HideBubble();

AddLabel(yes,
    "Trend " +
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Bullish"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Falling"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Bearish"
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Rising"
    else "Neutral",
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);

### MACD BB Alert

input MACDBB_CrossFromAboveAlert = {default "Zero", "Lower", "Middle", "Upper"};
input MACDBB_CrossFromBelowAlert = {default "Zero", "Lower", "Middle", "Upper"};

def MACDBB_CrossFromAboveVal = if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Upper then MACDBB_Upper
                              else 0;
def MACDBB_CrossFromBelowVal = if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Upper then MACDBB_Upper
                               else 0;

Alert(MACDBB_Line crosses above MACDBB_CrossFromAboveVal, "Time to Buy", Alert.BAR, Sound.Chimes);
Alert(MACDBB_Line crosses below MACDBB_CrossFromBelowVal, "Time to Sell", Alert.BAR, Sound.Bell);

### Keltner Channels

input Keltner_Factor = 1.5;
input Keltner_length = 20;
input Keltner_AverageType = AverageType.EXPONENTIAL;
input Keltner_TrueRangeAverageType = AverageType.EXPONENTIAL;

def Keltner_Shift = Keltner_Factor * MovingAverage(Keltner_TrueRangeAverageType, TrueRange(high, close, low), Keltner_length);
def Keltner_Average = MovingAverage(Keltner_AverageType, close, Keltner_length);
def Keltner_Upper_Band = Keltner_Average + Keltner_Shift;
def Keltner_Lower_Band = Keltner_Average - Keltner_Shift;

### Bollinger Bands

input BB_Length = 20;
input BB_NumDevDn = -2.0;
input BB_NumDevUp = 2.0;
input BB_AverageType = AverageType.SIMPLE;

def BB_SDev = StDev(data = close, length = BB_Length);
def BB_MidLine = MovingAverage(BB_AverageType, data = close, length = BB_Length);
def BB_LowerBand = BB_MidLine + BB_NumDevDn * BB_SDev;
def BB_UpperBand = BB_MidLine + BB_NumDevUp * BB_SDev;

# BB Cloud

AddCloud(if BB_UpperBand <= Keltner_Upper_Band and BB_LowerBand >= Keltner_Lower_Band then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.YELLOW);
AddCloud(MACDBB_Upper, MACDBB_Lower, Color.LIGHT_RED);

### RSI/STOCASTIC/MACD CONFLUENCE COMBO

input RSM_MACD_ShowBreakoutSignals = no;

plot RSM_MACD_Diff = reference MACD("fast length" = 12, "slow length" = 26, "macd length" = 9).Diff;
RSM_MACD_Diff.SetDefaultColor(GetColor(5));
RSM_MACD_Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
RSM_MACD_Diff.SetLineWeight(4);
RSM_MACD_Diff.DefineColor("Positive and Up", Color.GREEN);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.RED);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.DARK_RED);
RSM_MACD_Diff.AssignValueColor(
    if RSM_MACD_Diff >= 0 then
        if RSM_MACD_Diff > RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Positive and Up") else RSM_MACD_Diff.Color("Positive and Down")
    else
        if RSM_MACD_Diff < RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Negative and Down") else RSM_MACD_Diff.Color("Negative and Up")
);

plot RSM_MACD_ZeroLine = 0;
RSM_MACD_ZeroLine.SetDefaultColor(Color.RED);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.HideBubble();

plot RSM_MACD_UpSignal = if RSM_MACD_Diff crosses above RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_UpSignal.SetDefaultColor(Color.UPTICK);
RSM_MACD_UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
RSM_MACD_UpSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_UpSignal.HideTitle();
RSM_MACD_UpSignal.HideBubble();

plot RSM_MACD_DownSignal = if RSM_MACD_Diff crosses below RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_DownSignal.SetDefaultColor(Color.DOWNTICK);
RSM_MACD_DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RSM_MACD_DownSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_DownSignal.HideTitle();
RSM_MACD_DownSignal.HideBubble();

def RSM_RSI = reference RSI(length = 7).RSI;

def RSM_Stoch_Val = 100 * (close - lowest(low, 14)) / (highest(high, 14) - lowest(low, 14));
def RSM_StochSlowK = SimpleMovingAvg(SimpleMovingAvg(RSM_Stoch_Val,3),3);

def RSM_rsiGreen = RSM_RSI >= 50;
def RSM_rsiRed = RSM_RSI < 50;
def RSM_stochGreen = RSM_StochSlowK >= 50;
def RSM_stochRed = RSM_StochSlowK < 50;
def RSM_macdGreen = RSM_MACD_Diff >= 0;
def RSM_macdRed = RSM_MACD_Diff < 0;

input RSM_PaintBars = yes;
AssignPriceColor(
    if RSM_PaintBars and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Color.GREEN
    else if RSM_PaintBars and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Color.RED
    else if RSM_PaintBars then Color.DARK_GRAY
    else Color.CURRENT
);

# Shade areas based on criteria; adjust as needed

AddCloud(
    if RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiGreen and RSM_stochGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_GREEN
);
AddCloud(
    if RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiRed and RSM_stochRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
);

### Balance of Power

input BOP_EMA_Length = 20;
input BOP_TEMA_Length = 20;

def BOP_THL = If(high != low, high - low, 0.01);
def BOP_BullOpen = (high - open) / BOP_THL;
def BOP_BearOpen = (open - low) / BOP_THL;
def BOP_BullClose = (close - low) / BOP_THL;
def BOP_BearClose = (high - close) / BOP_THL;
def BOP_BullOC = If(close > open, (close - open) / BOP_THL, 0);
def BOP_BearOC = If(open > close, (open - close) / BOP_THL, 0);
def BOP_BullReward = (BOP_BullOpen + BOP_BullClose + BOP_BullOC) / 1;
def BOP_BearReward = (BOP_BearOpen + BOP_BearClose + BOP_BearOC) / 1;

def BOP_BOP = BOP_BullReward - BOP_BearReward;
def BOP_SmoothBOP = ExpAverage(BOP_BOP, BOP_EMA_Length);
def BOP_xPrice = BOP_SmoothBOP;
def BOP_xEMA1 = ExpAverage(BOP_SmoothBOP, BOP_TEMA_Length);
def BOP_xEMA2 = ExpAverage(BOP_xEMA1, BOP_TEMA_Length);
def BOP_xEMA3 = ExpAverage(BOP_xEMA2, BOP_TEMA_Length);
def BOP_nRes = 3 * BOP_xEMA1 - 3 * BOP_xEMA2 + BOP_xEMA3;

def BOP_SmootherBOP = BOP_nRes;
def BOP_s1 = BOP_SmoothBOP;
def BOP_s2 = BOP_SmootherBOP;
def BOP_s3 = BOP_SmootherBOP[2];

def BOP_Sell = BOP_s2 < BOP_s3 and BOP_s2[1] > BOP_s3[1];
def BOP_Buy = BOP_s2 > BOP_s3 and BOP_s2[1] < BOP_s3[1];

### RSI IFT

def RSI_IFT_R = reference RSI(5, close) - 50;
def RSI_IFT_AvgRSI = MovingAverage(AverageType.Exponential,RSI_IFT_R,9);
def RSI_IFT_InverseRSI = (Power(Double.E, 2 * RSI_IFT_AvgRSI) - 1) / (Power(Double.E, 2 * RSI_IFT_AvgRSI) + 1);
def RSI_IFT_Buy =  (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0);
def RSI_IFT_Sell = (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0);

### Vertical Buy/Sell Signals

input BuySellStrategy = { "BalanceOfPower", "InSync", default "RSI_IFT" };

AddVerticalLine(

    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Sell
    else RSI_IFT_Sell,

    close, Color.RED, Curve.SHORT_DASH);

AddVerticalLine(
  
    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Buy
    else RSI_IFT_Buy,

    close, Color.GREEN, Curve.SHORT_DASH);

### P/L Statement

input PandL_Label = No;
input NumOfShares = 1;

Assert(NumOfShares >= 1, "Number of Shares needs to be equal or grater than 1");

def orderDir =  CompoundValue(1,
                        if BuySellStrategy == BuySellStrategy.BalanceOfPower then
                            if BOP_Buy then 1 else if BOP_Sell then -1 else orderDir[1]
                        else
                            if RSI_IFT_Buy then 1 else if RSI_IFT_Sell then -1 else orderDir[1]
                , 0);
def isOrder = orderDir crosses 0;
def orderCount = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then orderCount[1] + 1 else orderCount[1], 0);
def noBar = IsNaN(open[-1]);
def orderPrice = if isOrder then if noBar then close else open[-1] else orderPrice[1];
def profitLoss = if !isOrder or orderCount == 1 then 0
                else if orderDir > 0 then orderPrice[1] - orderPrice
                else if orderDir < 0 then orderPrice - orderPrice[1]
                else 0;
def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);
def orderWinners = CompoundValue(1, if IsNaN(isOrder) then orderWinners[1] else if orderCount > 1 and profitLoss > 0 then orderWinners[1] + 1 else orderWinners[1], 0);

AddLabel(PandL_Label,
    orderCount + " orders (" + AsPercent(orderWinners / orderCount) + ") | P/L " + AsDollars ((profitLossSum / TickSize()) * TickValue() * NumOfShares),
    if profitLossSum > 0 then Color.GREEN else if profitLossSum < 0 then Color.RED else Color.GRAY
);
Click to expand...
I was changing the EMA value in line #238 and so far there is a nice sweet spot around 21 instead of 9. Got some interesting results, most notably on the 2-min timeframe. Cuts a lot of the crap trades, but a bit later on entries and exits. Gives more "realistic" entry/exit signals on my Renko charts as well. Also, has there been any thought to implementing an ATR stop-loss instead of just waiting for an entry in the opposite direction to occur?
 
barbaros said:
Everyone, I'm pretty happy with today's performance and changes to the study. Here is the latest update. Next is to re-work the strategy section to create a complete solution.

Code: 
# Balanced BB Breakout Indicator
# Free for use. Header credits must be included when any form of the code included in this package is used.
# User assumes all risk. Author not responsible for errors or use of tool.
# v1.2 - Assembled by Chuck Edwards
# v2.0 - Barbaros - cleanup
# v2.1 - Barbaros - added RSI IFT, NumberOfShares, BB crossing options
# v2.2 - Barbaros - fixed PnL issues and removed intraDay filter
# v2.3 - Barbaros - changed input and variable names, RSM is re-done

declare lower;

### Market Forecast

def pIntermediate = MarketForecast().Intermediate;

AddLabel(yes,
    "Market Forecast " +
    if pIntermediate >= 80 then "Bullish" else
    if pIntermediate <= 20 then "Bearish" else
    if pIntermediate > pIntermediate[1] then "Rising" else
    if pIntermediate < pIntermediate[1] then "Falling" else " ",
    if pIntermediate >= 80 then CreateColor(204, 255, 204) else # Pre_Cyan
    if pIntermediate <= 20 then Color.RED else
    if pIntermediate > pIntermediate[1] then CreateColor(0, 165, 0) else # LabelGreen
    if pIntermediate < pIntermediate[1] then Color.RED else Color.LIGHT_GRAY
);

### MACDBB

input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_Length = 25;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;

def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = MACDBB_Length);

plot MACDBB_Upper = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).UpperBand;
MACDBB_Upper.SetDefaultColor(Color.RED);
MACDBB_Upper.HideTitle();
MACDBB_Upper.HideBubble();

plot MACDBB_Lower = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).Lowerband;
MACDBB_Lower.SetDefaultColor(Color.GREEN);
MACDBB_Lower.HideTitle();
MACDBB_Lower.HideBubble();

plot MACDBB_Midline = reference BollingerBands(price = MACDBB_Data, length = MACDBB_BandLength, Num_Dev_Dn = -MACDBB_NumDev, Num_Dev_Up = MACDBB_NumDev).MidLine;
MACDBB_Midline.SetDefaultColor(Color.LIGHT_RED);
MACDBB_Midline.SetStyle(Curve.FIRM);
MACDBB_MidLine.HideTitle();
MACDBB_MidLine.HideBubble();

plot MACDBB_Line = MACDBB_Data;
MACDBB_Line.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.RED else
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Line.SetLineWeight(1);

plot MACDBB_Dots = MACDBB_Data;
MACDBB_Dots.AssignValueColor(
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);
MACDBB_Dots.HideTitle();
MACDBB_Dots.HideBubble();

AddLabel(yes,
    "Trend " +
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Bullish"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then "Falling"
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Bearish"
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then "Rising"
    else "Neutral",
    if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.DARK_GREEN
    else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.RED
    else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DARK_RED
    else Color.GRAY
);

### MACD BB Alert

input MACDBB_CrossFromAboveAlert = {default "Zero", "Lower", "Middle", "Upper"};
input MACDBB_CrossFromBelowAlert = {default "Zero", "Lower", "Middle", "Upper"};

def MACDBB_CrossFromAboveVal = if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromAboveAlert == MACDBB_CrossFromAboveAlert.Upper then MACDBB_Upper
                              else 0;
def MACDBB_CrossFromBelowVal = if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Lower then MACDBB_Lower
                               else if MACDBB_CrossFromBelowAlert == MACDBB_CrossFromBelowAlert.Upper then MACDBB_Upper
                               else 0;

Alert(MACDBB_Line crosses above MACDBB_CrossFromAboveVal, "Time to Buy", Alert.BAR, Sound.Chimes);
Alert(MACDBB_Line crosses below MACDBB_CrossFromBelowVal, "Time to Sell", Alert.BAR, Sound.Bell);

### Keltner Channels

input Keltner_Factor = 1.5;
input Keltner_length = 20;
input Keltner_AverageType = AverageType.EXPONENTIAL;
input Keltner_TrueRangeAverageType = AverageType.EXPONENTIAL;

def Keltner_Shift = Keltner_Factor * MovingAverage(Keltner_TrueRangeAverageType, TrueRange(high, close, low), Keltner_length);
def Keltner_Average = MovingAverage(Keltner_AverageType, close, Keltner_length);
def Keltner_Upper_Band = Keltner_Average + Keltner_Shift;
def Keltner_Lower_Band = Keltner_Average - Keltner_Shift;

### Bollinger Bands

input BB_Length = 20;
input BB_NumDevDn = -2.0;
input BB_NumDevUp = 2.0;
input BB_AverageType = AverageType.SIMPLE;

def BB_SDev = StDev(data = close, length = BB_Length);
def BB_MidLine = MovingAverage(BB_AverageType, data = close, length = BB_Length);
def BB_LowerBand = BB_MidLine + BB_NumDevDn * BB_SDev;
def BB_UpperBand = BB_MidLine + BB_NumDevUp * BB_SDev;

# BB Cloud

AddCloud(if BB_UpperBand <= Keltner_Upper_Band and BB_LowerBand >= Keltner_Lower_Band then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.YELLOW);
AddCloud(MACDBB_Upper, MACDBB_Lower, Color.LIGHT_RED);

### RSI/STOCASTIC/MACD CONFLUENCE COMBO

input RSM_MACD_ShowBreakoutSignals = no;

plot RSM_MACD_Diff = reference MACD("fast length" = 12, "slow length" = 26, "macd length" = 9).Diff;
RSM_MACD_Diff.SetDefaultColor(GetColor(5));
RSM_MACD_Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
RSM_MACD_Diff.SetLineWeight(4);
RSM_MACD_Diff.DefineColor("Positive and Up", Color.GREEN);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.DARK_GREEN);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.RED);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.DARK_RED);
RSM_MACD_Diff.AssignValueColor(
    if RSM_MACD_Diff >= 0 then
        if RSM_MACD_Diff > RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Positive and Up") else RSM_MACD_Diff.Color("Positive and Down")
    else
        if RSM_MACD_Diff < RSM_MACD_Diff[1] then RSM_MACD_Diff.Color("Negative and Down") else RSM_MACD_Diff.Color("Negative and Up")
);

plot RSM_MACD_ZeroLine = 0;
RSM_MACD_ZeroLine.SetDefaultColor(Color.RED);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.HideBubble();

plot RSM_MACD_UpSignal = if RSM_MACD_Diff crosses above RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_UpSignal.SetDefaultColor(Color.UPTICK);
RSM_MACD_UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
RSM_MACD_UpSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_UpSignal.HideTitle();
RSM_MACD_UpSignal.HideBubble();

plot RSM_MACD_DownSignal = if RSM_MACD_Diff crosses below RSM_MACD_ZeroLine then RSM_MACD_ZeroLine else Double.NaN;
RSM_MACD_DownSignal.SetDefaultColor(Color.DOWNTICK);
RSM_MACD_DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RSM_MACD_DownSignal.SetHiding(!RSM_MACD_ShowBreakoutSignals);
RSM_MACD_DownSignal.HideTitle();
RSM_MACD_DownSignal.HideBubble();

def RSM_RSI = reference RSI(length = 7).RSI;

def RSM_Stoch_Val = 100 * (close - lowest(low, 14)) / (highest(high, 14) - lowest(low, 14));
def RSM_StochSlowK = SimpleMovingAvg(SimpleMovingAvg(RSM_Stoch_Val,3),3);

def RSM_rsiGreen = RSM_RSI >= 50;
def RSM_rsiRed = RSM_RSI < 50;
def RSM_stochGreen = RSM_StochSlowK >= 50;
def RSM_stochRed = RSM_StochSlowK < 50;
def RSM_macdGreen = RSM_MACD_Diff >= 0;
def RSM_macdRed = RSM_MACD_Diff < 0;

input RSM_PaintBars = yes;
AssignPriceColor(
    if RSM_PaintBars and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Color.GREEN
    else if RSM_PaintBars and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Color.RED
    else if RSM_PaintBars then Color.DARK_GRAY
    else Color.CURRENT
);

# Shade areas based on criteria; adjust as needed

AddCloud(
    if RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiGreen and RSM_stochGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_GREEN
);
AddCloud(
    if RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
    if RSM_rsiRed and RSM_stochRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
);

### Balance of Power

input BOP_EMA_Length = 20;
input BOP_TEMA_Length = 20;

def BOP_THL = If(high != low, high - low, 0.01);
def BOP_BullOpen = (high - open) / BOP_THL;
def BOP_BearOpen = (open - low) / BOP_THL;
def BOP_BullClose = (close - low) / BOP_THL;
def BOP_BearClose = (high - close) / BOP_THL;
def BOP_BullOC = If(close > open, (close - open) / BOP_THL, 0);
def BOP_BearOC = If(open > close, (open - close) / BOP_THL, 0);
def BOP_BullReward = (BOP_BullOpen + BOP_BullClose + BOP_BullOC) / 1;
def BOP_BearReward = (BOP_BearOpen + BOP_BearClose + BOP_BearOC) / 1;

def BOP_BOP = BOP_BullReward - BOP_BearReward;
def BOP_SmoothBOP = ExpAverage(BOP_BOP, BOP_EMA_Length);
def BOP_xPrice = BOP_SmoothBOP;
def BOP_xEMA1 = ExpAverage(BOP_SmoothBOP, BOP_TEMA_Length);
def BOP_xEMA2 = ExpAverage(BOP_xEMA1, BOP_TEMA_Length);
def BOP_xEMA3 = ExpAverage(BOP_xEMA2, BOP_TEMA_Length);
def BOP_nRes = 3 * BOP_xEMA1 - 3 * BOP_xEMA2 + BOP_xEMA3;

def BOP_SmootherBOP = BOP_nRes;
def BOP_s1 = BOP_SmoothBOP;
def BOP_s2 = BOP_SmootherBOP;
def BOP_s3 = BOP_SmootherBOP[2];

def BOP_Sell = BOP_s2 < BOP_s3 and BOP_s2[1] > BOP_s3[1];
def BOP_Buy = BOP_s2 > BOP_s3 and BOP_s2[1] < BOP_s3[1];

### RSI IFT

def RSI_IFT_R = reference RSI(5, close) - 50;
def RSI_IFT_AvgRSI = MovingAverage(AverageType.Exponential,RSI_IFT_R,9);
def RSI_IFT_InverseRSI = (Power(Double.E, 2 * RSI_IFT_AvgRSI) - 1) / (Power(Double.E, 2 * RSI_IFT_AvgRSI) + 1);
def RSI_IFT_Buy =  (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0);
def RSI_IFT_Sell = (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0);

### Vertical Buy/Sell Signals

input BuySellStrategy = { "BalanceOfPower", "InSync", default "RSI_IFT" };

AddVerticalLine(

    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Sell
    else RSI_IFT_Sell,

    close, Color.RED, Curve.SHORT_DASH);

AddVerticalLine(
  
    if BuySellStrategy == BuySellStrategy.BalanceOfPower then BOP_Buy
    else RSI_IFT_Buy,

    close, Color.GREEN, Curve.SHORT_DASH);

### P/L Statement

input PandL_Label = No;
input NumOfShares = 1;

Assert(NumOfShares >= 1, "Number of Shares needs to be equal or grater than 1");

def orderDir =  CompoundValue(1,
                        if BuySellStrategy == BuySellStrategy.BalanceOfPower then
                            if BOP_Buy then 1 else if BOP_Sell then -1 else orderDir[1]
                        else
                            if RSI_IFT_Buy then 1 else if RSI_IFT_Sell then -1 else orderDir[1]
                , 0);
def isOrder = orderDir crosses 0;
def orderCount = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then orderCount[1] + 1 else orderCount[1], 0);
def noBar = IsNaN(open[-1]);
def orderPrice = if isOrder then if noBar then close else open[-1] else orderPrice[1];
def profitLoss = if !isOrder or orderCount == 1 then 0
                else if orderDir > 0 then orderPrice[1] - orderPrice
                else if orderDir < 0 then orderPrice - orderPrice[1]
                else 0;
def profitLossSum = CompoundValue(1, if IsNaN(isOrder) then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);
def orderWinners = CompoundValue(1, if IsNaN(isOrder) then orderWinners[1] else if orderCount > 1 and profitLoss > 0 then orderWinners[1] + 1 else orderWinners[1], 0);

AddLabel(PandL_Label,
    orderCount + " orders (" + AsPercent(orderWinners / orderCount) + ") | P/L " + AsDollars ((profitLossSum / TickSize()) * TickValue() * NumOfShares),
    if profitLossSum > 0 then Color.GREEN else if profitLossSum < 0 then Color.RED else Color.GRAY
);
Click to expand...
Chuck said:
May be data feed issues, I reinstalled the older Beta and still have the same issue. I have noticed sometimes TOS does that when they are down after regular hours updating software etc. I will check bel a little later to see if conditions change.
Click to expand...
Might just be TOS...

https://imgur.com/5PrgQzE
 
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