Mega 8 Trend Directional Study

[Manbirsr]

Hi,
I am trying to see if anyone can help me with this script. It shows 8 different stocks of your choice and if they they are up and down for the day/week. I was wondering if it would be possible to have this script convert this into 5 min, 2 min, 1 min and shows the trend based on 9, 20 and 50 EMA. I am not the owner of this script hence got it from someone.

declare upper;

input Stock = "AAPL";
input Stock2 = "MSFT";
input Stock3 = "AMZN";
input Stock4 = "GOOGL";
input Stock5 = "TSLA";
input Stock6 = "NVDA";
input Stock7 = "META";
input Stock8 = "USO";
input Period = {default Day, Week, Month, Quarter, Year};

def aggregations;
switch (Period) {
case Day:
   
    aggregations = AggregationPeriod.FOUR_HOURS;
case Week:
    aggregations = AggregationPeriod.WEEK;
case Month:
    aggregations = AggregationPeriod.MONTH;
case Quarter:
    aggregations = AggregationPeriod.QUARTER;
case Year:
    aggregations = AggregationPeriod.YEAR;
}

#def aggregationPeriod = AggregationPeriod.DAY;
def aggregationPeriod = Period;

def Stockopen = open(Stock, aggregationPeriod);
def Stockclose = close(Stock);
def Stockdiff = close (Stock) - open(Stock, period = aggregationPeriod);
def Stock_d_pct = 100 * Stockdiff / Stockopen;
AddLabel(yes, Stock + " " + Stock_d_pct + "%" + " " + AsDollars(Stockclose), if Stockdiff > 0 then Color.GREEN else if Stockdiff < 0 then Color.RED else Color.GRAY);


def Stock2open = open(Stock2, aggregationPeriod);
def Stock2close = close(Stock2);
def Stock2diff = close (Stock2) - open(Stock2, period = aggregationPeriod);
def Stock2_d_pct = 100 * Stock2diff / Stock2open;
AddLabel(yes, Stock2 + " " + Stock2_d_pct + "%" + " " + AsDollars(Stock2close), if Stock2diff > 0 then Color.GREEN else if Stock2diff < 0 then Color.RED else Color.GRAY);


def Stock3open = open(Stock3, aggregationPeriod);
def Stock3close = close(Stock3);
def Stock3diff = close (Stock3) - open(Stock3, period = aggregationPeriod);
def Stock3_d_pct = 100 * Stock3diff / Stock3open;
AddLabel(yes, Stock3 + " " + Stock3_d_pct + "%" + " " + AsDollars(Stock3close), if Stock3diff > 0 then Color.GREEN else if Stock3diff < 0 then Color.RED else Color.GRAY);

def Stock4open = open(Stock4, aggregationPeriod);
def Stock4close = close(Stock4);
def Stock4diff = close (Stock4) - open(Stock4, period = aggregationPeriod);
def Stock4_d_pct = 100 * Stock4diff / Stock4open;
AddLabel(yes, Stock4 + " " + Stock4_d_pct + "%" + " " + AsDollars(Stock4close), if Stock4diff > 0 then Color.GREEN else if Stock4diff < 0 then Color.RED else Color.GRAY);

def Stock5open = open(Stock5, aggregationPeriod);
def Stock5close = close(Stock5);
def Stock5diff = close (Stock5) - open(Stock5, period = aggregationPeriod);
def Stock5_d_pct = 100 * Stock5diff / Stock5open;
AddLabel(yes, Stock5 + " " + Stock5_d_pct + "%" + " " + AsDollars(Stock5close), if Stock5diff > 0 then Color.GREEN else if Stock5diff < 0 then Color.RED else Color.GRAY);

def Stock6open = open(Stock6, aggregationPeriod);

 

[BenTen]

convert this into 5 min, 2 min, 1 min and shows the trend based on 9, 20 and 50 EMA.

Can you explain further? How do you want to show trend based on the 9, 20, and 50 EMA?

 

[Manbirsr]

Let’s say it’s above the 9,20 and 50 EMA I would consider that trending to the upside and vice versa.

 

[BenTen]

Let’s say it’s above the 9,20 and 50 EMA I would consider that trending to the upside and vice versa.

How do you want to show the data? Do you have any example of what you're trying to build?

 

[Manbirsr]

Yes if you look at spy on this chart it is above the EMA's I would consider that uptrend regardless how much it is up for the day and if its under those that would be down trend.

 

[halcyonguy]

Yes if you look at spy on this chart it is above the EMA's I would consider that uptrend regardless how much it is up for the day and if its under those that would be down trend.

yes , we get that.
he was asking, what do you want to see on the chart?
arrows? , labels? bubbles? colored lines?
if you plot 8 different stocks on 1 chart, this difference in prices will spread them apart, so as they will appear as near horizontal lines and have no distinguishing features.

so, you want to replace the day,week,month,year,
with 5min,2min,1min ?

 

[Manbirsr]

Sorry I was confused about it.
Yes a label or even a arrow would suffice.

and yes those are the time frames I am looking for since I scalp options so looking to get in and out quickly based on the momentum.

 

[BenTen]

Sorry I was confused about it.
Yes a label or even a arrow would suffice.

and yes those are the time frames I am looking for since I scalp options so looking to get in and out quickly based on the momentum.

You have a lot of timeframes for which you want to check for uptrends and downtrends. Does the stock have to be above all the timeframes you listed to be considered "uptrend"? If you're only considering each timeframe by itself, then you're going to be A LOT of labels on your chart, which can be confusing.

 

[Manbirsr]

Would it be possible to just have it on 5 minute timeframe then?

 

[BenTen]

Would it be possible to just have it on 5 minute timeframe then?

Sure, that's a good starting point.

So you want a label for each ticker, correct? For example, if AAPL is above a specific moving average, then the label will be green and say "Uptrend"?

 

[Manbirsr]

Sure, that's a good starting point.

So you want a label for each ticker, correct? For example, if AAPL is above a specific moving average, then the label will be green and say "Uptrend"?

Yes that is correct

 

[BenTen]

Yes that is correct

Here you go:

def Stock1 = close("AAPL");
def Stock2 = close("MSFT");
def Stock3 = close("AMZN");
def Stock4 = close("GOOGL");
def Stock5 = close("TSLA");
def Stock6 = close("NVDA");
def Stock7 = close("META");
def Stock8 = close("USO");
input length = 20;
input Period = {default Day, Week, Month, Quarter, Year};

def aggregations;
switch (Period) {
case Day:

    aggregations = AggregationPeriod.FOUR_HOURS;
case Week:
    aggregations = AggregationPeriod.WEEK;
case Month:
    aggregations = AggregationPeriod.MONTH;
case Quarter:
    aggregations = AggregationPeriod.QUARTER;
case Year:
    aggregations = AggregationPeriod.YEAR;
}

#def aggregationPeriod = AggregationPeriod.DAY;
def aggregationPeriod = Period;

AddLabel(yes, if Stock1 > MovingAverage(aggregationPeriod, stock1, Length) then ("$AAPL Bullish") else ("$AAPL Bearish"), if Stock1 > MovingAverage(aggregationPeriod, stock1, Length) then color.green else color.red);

AddLabel(yes, if Stock2 > MovingAverage(aggregationPeriod, stock2, Length) then ("$MSFT Bullish") else ("$MSFT Bearish"), if Stock2 > MovingAverage(aggregationPeriod, stock2, Length) then color.green else color.red);

AddLabel(yes, if Stock3 > MovingAverage(aggregationPeriod, stock3, Length) then ("$AMZN Bullish") else ("$AMZN Bearish"), if Stock3 > MovingAverage(aggregationPeriod, stock3, Length) then color.green else color.red);

AddLabel(yes, if Stock4 > MovingAverage(aggregationPeriod, stock4, Length) then ("$GOOGL Bullish") else ("$GOOGL Bearish"), if Stock4 > MovingAverage(aggregationPeriod, stock4, Length) then color.green else color.red);

AddLabel(yes, if Stock5 > MovingAverage(aggregationPeriod, stock5, Length) then ("$TSLA Bullish") else ("$TSLA Bearish"), if Stock5 > MovingAverage(aggregationPeriod, stock5, Length) then color.green else color.red);

AddLabel(yes, if Stock6 > MovingAverage(aggregationPeriod, stock6, Length) then ("$NVDA Bullish") else ("$NVDA Bearish"), if Stock6 > MovingAverage(aggregationPeriod, stock6, Length) then color.green else color.red);

AddLabel(yes, if Stock7 > MovingAverage(aggregationPeriod, stock7, Length) then ("$META Bullish") else ("$META Bearish"), if Stock7 > MovingAverage(aggregationPeriod, stock7, Length) then color.green else color.red);

AddLabel(yes, if Stock8 > MovingAverage(aggregationPeriod, stock8, Length) then ("$USO Bullish") else ("$USO Bearish"), if Stock8 > MovingAverage(aggregationPeriod, stock8, Length) then color.green else color.red);

The default timeframe is Daily, and the default length of the moving average is 20. You can freely change these values in the indicator's settings.

The tickers and labels are hard coded. You will need to open the script editor to change them.

 

[Manbirsr]

Here you go:

def Stock1 = close("AAPL");
def Stock2 = close("MSFT");
def Stock3 = close("AMZN");
def Stock4 = close("GOOGL");
def Stock5 = close("TSLA");
def Stock6 = close("NVDA");
def Stock7 = close("META");
def Stock8 = close("USO");
input length = 20;
input Period = {default Day, Week, Month, Quarter, Year};

def aggregations;
switch (Period) {
case Day:

    aggregations = AggregationPeriod.FOUR_HOURS;
case Week:
    aggregations = AggregationPeriod.WEEK;
case Month:
    aggregations = AggregationPeriod.MONTH;
case Quarter:
    aggregations = AggregationPeriod.QUARTER;
case Year:
    aggregations = AggregationPeriod.YEAR;
}

#def aggregationPeriod = AggregationPeriod.DAY;
def aggregationPeriod = Period;

AddLabel(yes, if Stock1 > MovingAverage(aggregationPeriod, stock1, Length) then ("$AAPL Bullish") else ("$AAPL Bearish"), if Stock1 > MovingAverage(aggregationPeriod, stock1, Length) then color.green else color.red);

AddLabel(yes, if Stock2 > MovingAverage(aggregationPeriod, stock2, Length) then ("$MSFT Bullish") else ("$MSFT Bearish"), if Stock2 > MovingAverage(aggregationPeriod, stock2, Length) then color.green else color.red);

AddLabel(yes, if Stock3 > MovingAverage(aggregationPeriod, stock3, Length) then ("$AMZN Bullish") else ("$AMZN Bearish"), if Stock3 > MovingAverage(aggregationPeriod, stock3, Length) then color.green else color.red);

AddLabel(yes, if Stock4 > MovingAverage(aggregationPeriod, stock4, Length) then ("$GOOGL Bullish") else ("$GOOGL Bearish"), if Stock4 > MovingAverage(aggregationPeriod, stock4, Length) then color.green else color.red);

AddLabel(yes, if Stock5 > MovingAverage(aggregationPeriod, stock5, Length) then ("$TSLA Bullish") else ("$TSLA Bearish"), if Stock5 > MovingAverage(aggregationPeriod, stock5, Length) then color.green else color.red);

AddLabel(yes, if Stock6 > MovingAverage(aggregationPeriod, stock6, Length) then ("$NVDA Bullish") else ("$NVDA Bearish"), if Stock6 > MovingAverage(aggregationPeriod, stock6, Length) then color.green else color.red);

AddLabel(yes, if Stock7 > MovingAverage(aggregationPeriod, stock7, Length) then ("$META Bullish") else ("$META Bearish"), if Stock7 > MovingAverage(aggregationPeriod, stock7, Length) then color.green else color.red);

AddLabel(yes, if Stock8 > MovingAverage(aggregationPeriod, stock8, Length) then ("$USO Bullish") else ("$USO Bearish"), if Stock8 > MovingAverage(aggregationPeriod, stock8, Length) then color.green else color.red);

The default timeframe is Daily, and the default length of the moving average is 20. You can freely change these values in the indicator's settings.

The tickers and labels are hard coded. You will need to open the script editor to change them.

Thank you so much