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there with video first page just scroll down with heading --> RSM SCAN
Did you solve the issue with the strategy on daily charts?
Hey there! It sounds like you might be having some trouble and we want to help!
To calculate the RSI pivots, the code in this indicator uses:
Because the HighestAll() functions are resource-intensive. Schwab has decided to no longer allow them to update in real time.
#START OF RSI/Stochastic/MACD Confluence Strategy for ThinkOrSwim
#RSM_STANDARD_UPPER
#
#CHANGELOG
#
# 2022.07.29 V2.0 @bigboss
# - Major rewrite of ADR target and stop loss lines.
# - Updated defaults to match Heitkotter's defaults
# - Changed RSI to use WILDERS
# - Changed Stochastics to use SIMPLE and FullD (configurable)
# - Changed MACD to use Exponential
# - Fixed ADX not respecting the lengthADX input
# - Changed code to use reference indicators where available (ex. RSI, MACD)
# - Changed default entry to be one tick above or below signal bar
# - Stops and Targets are now based off this entry
# - User can opt to continue to use close via entryMode input.
# - Set default Stop Loss Multiplier to 1.5
# - Added logic to calculate ticks and decimal places for futures and forex support.
# - Removed Stochastic overbought/oversold inputs, they're not used
# - Removed a bunch of unnecessary code. This version has 10 less plots.
# - Fixed an issue where "Show Today Only" hid ADR plots on daily and greater charts
# - Added Global Colors to control bar, shade, zone and line colors
# - Added Stop Loss label when "Show ADR Labels" is selected
#
# 2021.05.11 V1.9 @cos251 - Added feature to plot only current ADR Targets and Stoploss
# - Feature credit goes to @SleepyZ (thx)
#
# 2021.05.04 V1.8 @cos251 - Fixed >= error to match original strategy as noted by community
# - Fixed UpTrend and DownTrend Arrows to display on weekly chart
# - Fixed StopLoss and UpTrend/DownTrend targets to display on weekly chart
#
# 2021.04.13 V1.7 @cos251 - Added additional price targets (7, 8, 9) as an input option (ShowExtraTargets789) -
# - can be turned on and off independent of targets 1-6 but dependent on trend
# - Added ADX triangle plot to stoploss in either direction. Indicates if ADX #
# - is greater than previous ADX[1] and denotes if ADR has crossed
# - above ADXR for trend confirmation/strength
# - ADX Uptrend - White = ADX > ADX[1], RED = ADX crossed above ADXR, CYAN = ADX > 35
# - ADX DownTrend - Purple = ADX > ADX[1], GREEN = ADX crossed above ADXR, YELLOW = ADX > 35
#
# 2021.01.15 V1.6 @SuryaKirnaC
# - Modifed ADR Zones shading colors
# - Adjusted Indicator and target labels for space
# - Made audible alerts user configurable via settings
#
# 2021.01.04 V1.5 @cos251 - Fixed long, short ADR Zone plots to match TradeType selection (Long, Short, BOTH)
# - will only plot as selected
#
# 2020.12.21 V1.4 @cos251 - Added input "plotADR"
# - plots dynamic ATR/ADR targets- default plots 3 targets - can be turned off by setting # "plotADR" to no
# - Added input "showExtraTargets"
# - - plots dynamic ATR/ADR targets- for targets 4, 5, and 6
# - Added input "showADRZones"
# - Dynamic shading of ATR/ADR targets - can be turned off in settings using "showADRZones"
# - Added dynamic calculation of both ATR and ADR. User can select between ATR and ADR in # settings
# - Added input "showADRLabels"
# - Added Dynamic Target labels for UpTrend or DownTrend; they will be green or red # depending on Up or Down trend
# - Added input "showTodayOnly"
# - Added option to display shaded ADR/ATR zones for today only "showTodayOnly"
# - if set to no - ADR/ATR plots will be plotted for all available data on chart
# - Added ability to plot ATR or ADR on DAY chart - MUST TURN OFF "showTodayOnly"
# - Added Labels that can be used for "debug" - MUST change "debug" setting to yes
# - Added Trend information labels that can be turned on/off
#
#
# 2020.11.30 V1.3 @cos251 - Stripped down TICK Version; No ADR since time based aggregation period do not work on TICK # Charts
#
# 2020.11.30 V1.2 @cos251 - Add ADR plots and shading per request; will tweak these settings to improve overall
# options
# 2020.11.12 V1.1 @cos251 - Changed from strategy to standard study. Added Green Arrow UP
# and Red Arrow down when trend starts. Added option to change to high
# timeframe but this WILL repaint; if used, should be used with other
# indicators to confirm an entry/exit.
#
# 2020.10.27 V1.0 @cos251 - Added RSI, StochasticSlow and MACD to same indicator
# - also calculates MACD;
# - Will shade the lower plot area of the following conditions are met
# Shade GREEN = RSI > 50 and SlowK > 50 and (macd)Value > (macd)Avg
# Shade RED = RSI < 50 and SlowK < 50 and (macd)Value < (macd)Avg
#
#
#REQUIREMENTS - RSI Set to 7, EXPONENTIAL
# Stoch Slow 14 and 3 WILDERS
# MACD 12,26,9 WEIGHTED
declare upper;
################################################################
########## Variables #########
################################################################
input paintBars = yes;
input entryMode = {default high_low, close};
input showRSMShade = no;
input tradetype = { "long", "short", default "both" };
input rangeType = { default "ADR", "ATR" };
input stopLossMultiplier = 1.5;
input plotADR = yes;
input showADRZones = yes;
input showCurrentTargetsOnly = yes;
input showTodayOnly = yes;
input showTrendLabels = no;
input showADRLabels = no;
input showExtraTargets = no;
input showExtraTargets789 = no;
input showADXTriangle = yes;
input lengthADX = 21;
input showIndicatorLabels = no;
input audibleAlerts = yes;
input debug = no; # change to "NO" after testing
################################################################
########## Global Colors #########
################################################################
DefineGlobalColor("TargetsBull", Color.LIGHT_GREEN);
DefineGlobalColor("TargetsBear", Color.LIGHT_RED);
DefineGlobalColor("CandlesBull",Color.GREEN);
DefineGlobalColor("CandlesBear",Color.RED);
DefineGlobalColor("CandlesNeutral",Color.DARK_GRAY);
DefineGlobalColor("ZoneTarget",CreateColor(213, 252, 213));
DefineGlobalColor("ZoneStopLoss",CreateColor(255, 174, 174));
DefineGlobalColor("ShadeBull",Color.LIGHT_GREEN);
DefineGlobalColor("ShadeBear",Color.LIGHT_RED);
# Rounding Factor
def rf = fold index = 1 to 10 with c = 1 while power(10,index)*ticksize()%1 != 0 do c+1;
################################################################
########## ATR/ADR Calc #########
################################################################
input atrLength = 14;
input atrAverageType = AverageType.WILDERS;
def Range;
if rangeType == rangeType.ATR {
Range = ATR(averagetype = ATRAverageType, length = ATRLength);
} else {
Range = Average(high - low, 7);
}
################################################################
########## Booleans Set for Plot Use #########
################################################################
def afterStart;
def beforeEnd;
def today;
def openPrice;
def intraday;
if GetAggregationPeriod() < AggregationPeriod.DAY {
afterStart = GetTime() > RegularTradingStart(GetYYYYMMDD());
beforeEnd = GetTime() < RegularTradingEnd(GetYYYYMMDD());
today = if GetLastDay() == GetDay() then 1 else Double.NaN;
openPrice = DailyOpen();
intraday = yes;
} else {
afterStart = Double.NaN;
beforeEnd = Double.NaN;
today = Double.NaN;
openPrice = Double.NaN;
intraday = no;
}
plot DailyO = if openPrice then openPrice else Double.NaN;
AddLabel(if debug then yes else no, "Day = :" + today);
AddLabel(if debug then yes else no, "Day = :" + GetDay());
################################################################
########## ADX Indicator Reference #########
################################################################
def ADX = ADX(length = lengthADX);
def ADXR = (ADX + ADX[lengthADX - 1]) / 2;
################################################################
########## RSI #########
################################################################
input lengthRSI = 7;
input price = close;
input averageTypeRSI = AverageType.WILDERS;
def RSI = RSI(price = price, AverageType = averageTypeRSI, length = lengthRSI);
################################################################
########## Stochastic Slow #########
################################################################
input KPeriod = 14;
input DPeriod = 3;
input averageTypeStoch = AverageType.SIMPLE;
input stochValue = {default FullD, FullK};
def stoch;
switch(stochValue){
case FullD:
stoch = StochasticFull(80,20, KPeriod, DPeriod, high, low, close, 3, averageTypeStoch).FullD;
case FullK:
stoch = StochasticFull(80,20, KPeriod, DPeriod, high, low, close, 3, averageTypeStoch).FullK;
}
################################################################
########## MACD #########
################################################################
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageTypeMACD = AverageType.EXPONENTIAL;
def Diff = MACD(fastlength,slowlength,MACDLength,AverageTypeMACD).Diff;
#################################################################
##### Up/Down Trend Check/SCAN Variables #########
#################################################################
def UpTrend = if RSI > 50 and stoch > 50 and Sign(Diff) > 0 then 1 else 0;
def DownTrend = if RSI < 50 and stoch < 50 and Sign(Diff) < 0 then 1 else 0;
plot upArrow = if UpTrend == 1 and UpTrend[1] == 0 and (tradetype == tradetype.long or tradetype == tradetype.both) then low else Double.NaN;
upArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
upArrow.SetDefaultColor(Color.GREEN);
upArrow.SetLineWeight(4);
plot downArrow = if DownTrend == 1 and DownTrend[1] == 0 and (tradetype == tradetype.short or tradetype == tradetype.both) then high else Double.NaN;
downArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
downArrow.SetDefaultColor(Color.RED);
downArrow.SetLineWeight(4);
def entry;
def barnum;
def r;
if UpTrend and UpArrow {
entry = if entryMode == entryMode.high_low then high + TickSize() else close;
barnum = BarNumber();
r = Range;
} else if DownTrend and DownArrow {
entry = if entryMode == entryMode.high_low then low - ticksize() else close;
barnum = BarNumber();
r = -Range;
} else if DownTrend or UpTrend {
entry = entry[1];
barnum = barnum[1];
r = r[1];
} else {
entry = Double.NaN;
barnum = Double.NaN;
r = Double.NaN;
}
AddLabel(if debug then yes else no, "Current Bar:" + BarNumber());
AddLabel(if debug then yes else no, "R:" + r);
AddLabel( if debug then yes else no, "PlotADR: " + plotADR);
AddLabel( if debug then yes else no, "TodayOnly: " + showTodayOnly);
#################################################################
############ ADR/ATR Targets Shading #########
#################################################################
def drawCurrentOnly = showCurrentTargetsOnly and (barnum < HighestAll(barnum));
def drawAllDays = plotADR and !showTodayOnly;
def drawTodayOnly = plotADR and if intraday then showTodayOnly and today and afterStart and beforeEnd else 1;
# - UpTrend Targets and StopLoss
plot StopLoss = if drawCurrentOnly then Double.NaN
else if drawAllDays then Round((entry - r * stopLossMultiplier)/ticksize(),0)*ticksize()
else if drawTodayOnly then Round((entry - r * stopLossMultiplier)/ticksize(),0)*ticksize()
else Double.NaN;
plot Target1 = if drawCurrentOnly then Double.NaN
else if drawAllDays then Round((entry + r) / ticksize(),0) * ticksize()
else if drawTodayOnly then Round((entry + r) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target2 = if drawCurrentOnly then Double.NaN
else if drawAllDays then Round((entry + r * 2) / ticksize(),0) * ticksize()
else if drawTodayOnly then Round((entry + r * 2) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target3 = if drawCurrentOnly then Double.NaN
else if drawAllDays then Round((entry + r * 3) / ticksize(),0) * ticksize()
else if drawTodayOnly then Round((entry + r * 3) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target4 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets then Round((entry + r * 4) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets then Round((entry + r * 4) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target5 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets then Round((entry + r * 5) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets then Round((entry + r * 5) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target6 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets then Round((entry + r * 6) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets then Round((entry + r * 6) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target7 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets and showExtraTargets789 then Round((entry + r * 7) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets and showExtraTargets789 then Round((entry + r * 7) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target8 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets and showExtraTargets789 then Round((entry + r * 8) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets and showExtraTargets789 then Round((entry + r * 8) / ticksize(),0) * ticksize()
else Double.NaN;
plot Target9 = if drawCurrentOnly then Double.NaN
else if drawAllDays and showExtraTargets and showExtraTargets789 then Round((entry + r * 9) / ticksize(),0) * ticksize()
else if drawTodayOnly and showExtraTargets and showExtraTargets789 then Round((entry + r * 9) / ticksize(),0) * ticksize()
else Double.NaN;
StopLoss.AssignValueColor(if UpTrend then GlobalColor("TargetsBear") else GlobalColor("TargetsBull"));
Target1.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target2.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target3.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target4.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target5.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target6.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target7.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target8.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
Target9.AssignValueColor(if UpTrend then GlobalColor("TargetsBull") else GlobalColor("TargetsBear"));
# Assign Price Color
AssignPriceColor(if paintBars and UpTrend then GlobalColor("CandlesBull") else if paintBars and DownTrend then GlobalColor("CandlesBear") else if paintBars then GlobalColor("CandlesNeutral") else Color.CURRENT);
########### ADX Triangle Plot ###################################
plot ADXTriangle = if ShowADXTriangle and ADX > ADX[1] then StopLoss else Double.NaN;
ADXTriangle.SetPaintingStrategy(PaintingStrategy.TRIANGLES);
ADXTriangle.AssignValueColor(if ADX > ADXR and ADX[1] < ADXR[1] and UpTrend then Color.RED
else if ADX > ADXR and ADX[1] < ADXR[1] and DownTrend then Color.GREEN
else if ADX > 35 and UpTrend then Color.CYAN
else if ADX > 35 and DownTrend then Color.Yellow
else if UpTrend then Color.White
else Color.Magenta);
ADXTriangle.SetLineWeight(1);
#################################################################
############ ADR/ATR Zone Shading #########
#################################################################
def e = entry;
AddCloud(if showADRZones and showExtraTargets and showExtraTargets789 then Target9 else if showADRZones and showExtraTargets then Target6 else if showADRZones then Target3 else Double.NaN, if showADRZones then e else Double.NaN , GlobalColor("ZoneTarget"), GlobalColor("ZoneTarget"));
AddCloud(if showADRZones then e else Double.NaN, if showADRZones then StopLoss else Double.NaN ,GlobalColor("ZoneStopLoss"), GlobalColor("ZoneStopLoss"));
#################################################################
#### RSM shade areas based on criteria; adjust as needed ####
#################################################################
AddCloud(if showRSMShade and UpTrend then Double.POSITIVE_INFINITY else Double.NaN, if UpTrend then Double.NEGATIVE_INFINITY else Double.NaN, GlobalColor("ShadeBull"));
AddCloud(if showRSMShade and DownTrend then Double.POSITIVE_INFINITY else Double.NaN, if DownTrend then Double.NEGATIVE_INFINITY else Double.NaN, GlobalColor("ShadeBear"));
#################################################################
############ Labels disable/blockout as needed #########
#################################################################
# - Trend Labels
AddLabel(showTrendLabels and (barnum != 0), "Trend BAR#: " + barnum, if UpTrend then Color.GREEN else Color.RED);
AddLabel(showTrendLabels and (barnum != 0), "Trend @ $:" + entry, if UpTrend then Color.GREEN else Color.RED);
AddLabel(showTrendLabels, "Tot Bars:" + (BarNumber() - barnum + 1), if UpTrend then Color.GREEN else Color.RED);
AddLabel(showTrendLabels, "RSM:" + (if UpTrend then "L" else if DownTrend then "S" else "I"), if UpTrend then Color.GREEN else if DownTrend then Color.RED else Color.GRAY);
# - ADR/ATR Labels Targets
AddLabel(openPrice and showADRLabels, "Open:" + DailyO, Color.ORANGE);
AddLabel(showADRLabels and (UpTrend or DownTrend), "Target #1: " + Round(Target1, rf) + " ", if UpTrend then Color.GREEN else if DownTrend then Color.RED else Color.GRAY);
AddLabel(showADRLabels and (UpTrend or DownTrend), "Target #2: " + Round(Target2, rf) + " ", if UpTrend then Color.GREEN else if DownTrend then Color.RED else Color.GRAY);
AddLabel(showADRLabels and (UpTrend or DownTrend), "Target #3: " + Round(Target3, rf) + " ", if UpTrend then Color.GREEN else if DownTrend then Color.RED else Color.GRAY);
AddLabel(showADRLabels and (UpTrend or DownTrend), "Stop Loss: " + Round(StopLoss, rf) + " ", if UpTrend then Color.RED else if DownTrend then Color.GREEN else Color.GRAY);
# - Indicator Label
AddLabel(showIndicatorLabels, "RSI:" + Round (RSI, rf) + " | sK:" + Round(stoch,rf) + " | Macd:" + Round(Diff, rf) + " ", Color.ORANGE);
#### ALERTS Sound
Alert(audibleAlerts and upArrow, "RSM UpTrend Started", Alert.BAR, Sound.Ding);
Alert(audibleAlerts and downArrow, "RSM DownTrend Started", Alert.BAR, Sound.Ding);Good afternoon everyone, hope everyone is well.
It's "FIVE_MIN", or "TEN_MIN", etc
. Thank you
Try this version:Can you help check my settings? My daily chart did not show the stop loss or take profit lines
View attachment 21723View attachment 21724
Can you help check my settings? My daily chart did not show the stop loss or take profit lines
View attachment 21723View attachment 21724
#START OF RSI/Stochastic/MACD Confluence Strategy for ThinkOrSwim
#RSM_STANDARD_UPPER
#
#CHANGELOG
#
# 2021.05.11 V1.9 @cos251 - Added feature to plot only current ADR Targets and Stoploss
# - Feature credit goes to @SleepyZ (thx)
#
# 2021.05.04 V1.8 @cos251 - Fixed >= error to match original strategy as noted by community
# - Fixed UpTrend and DownTrend Arrows to display on weekly chart
# - Fixed StopLoss and UpTrend/DownTrend targets to display on weekly chart
#
# 2021.04.13 V1.7 @cos251 - Added additional price targets (7, 8, 9) as an input option (ShowExtraTargets789) -
# - can be turned on and off independent of targets 1-6 but dependent on trend
# - Added ADX triangle plot to stoploss in either direction. Indicates if ADX # - is greater than previous ADX[1] and denotes if ADR has crossed
# - above ADXR for trend confirmation/strength
# - ADX Uptrend - White = ADX > ADX[1], RED = ADX crossed above ADXR, CYAN = ADX > 35
# - ADX DownTrend - Purple = ADX > ADX[1], GREEN = ADX crossed above ADXR, YELLOW = ADX > 35
#
# 2021.01.15 V1.6 @SuryaKirnaC
# - Modifed ADR Zones shading colors
# - Adjusted Indicator and target labels for space
# - Made audible alerts user configurable via settings
#
# 2021.01.04 V1.5 @cos251 - Fixed long, short ADR Zone plots to match TradeType selection (Long, Short, BOTH)
# - will only plot as selected
#
# 2020.12.21 V1.4 @cos251 - Added input "plotADR"
# - plots dynamic ATR/ADR targets- default plots 3 targets - can be turned off by setting # "plotADR" to no
# - Added input "showExtraTargets"
# - - plots dynamic ATR/ADR targets- for targets 4, 5, and 6
# - Added input "showADRZones"
# - Dynamic shading of ATR/ADR targets - can be turned off in settings using "showADRZones"
# - Added dynamic calculation of both ATR and ADR. User can select between ATR and ADR in # settings
# - Added input "showADRLabels"
# - Added Dynamic Target labels for UpTrend or DownTrend; they will be green or red # depending on Up or Down trend
# - Added input "showTodayOnly"
# - Added option to display shaded ADR/ATR zones for today only "showTodayOnly"
# - if set to no - ADR/ATR plots will be plotted for all available data on chart
# - Added ability to plot ATR or ADR on DAY chart - MUST TURN OFF "showTodayOnly"
# - Added Labels that can be used for "debug" - MUST change "debug" setting to yes
# - Added Trend information labels that can be turned on/off
#
#
# 2020.11.30 V1.3 @cos251 - Stripped down TICK Version; No ADR since time based aggregation period do not work on TICK # Charts
#
# 2020.11.30 V1.2 @cos251 - Add ADR plots and shading per request; will tweak these settings to improve overall
# options
# 2020.11.12 V1.1 @cos251 - Changed from strategy to standard study. Added Green Arrow UP
# and Red Arrow down when trend starts. Added option to change to high
# timeframe but this WILL repaint; if used, should be used with other
# indicators to confirm an entry/exit.
#
# 2020.10.27 V1.0 @cos251 - Added RSI, StochasticSlow and MACD to same indicator
# - also calculates MACD;
# - Will shade the lower plot area of the following conditions are met
# Shade GREEN = RSI > 50 and SlowK > 50 and (macd)Value > (macd)Avg
# Shade RED = RSI < 50 and SlowK < 50 and (macd)Value < (macd)Avg
#
#REQUIREMENTS - RSI Set to 7, EXPONENTIAL
# Stoch Slow 14 and 3 WILDERS
# MACD 12,26,9 WEIGHTED
declare upper;
################################################################
########## Variables #########
################################################################
input audibleAlerts = yes;
################################################################
########## RSI #########
################################################################
input lengthRSI = 7;
input price = close;
input averageTypeRSI = AverageType.EXPONENTIAL;
def NetChgAvg = MovingAverage(averageTypeRSI, close - close[1], lengthRSI);
def TotChgAvg = MovingAverage(averageTypeRSI, AbsValue(close - close[1]), lengthRSI);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
################################################################
########## Stochastic Slow #########
################################################################
input over_boughtSt = 80;
input over_soldSt = 20;
input KPeriod = 14;
input DPeriod = 3;
input averageTypeStoch = AverageType.WILDERS;
def SlowK = reference StochasticFull(over_boughtSt, over_soldSt, KPeriod, DPeriod, high, low, close, 3, averageTypeStoch).FullK;
def SlowD = reference StochasticFull(over_boughtSt, over_soldSt, KPeriod, DPeriod, high, low, close, 3, averageTypeStoch).FullD;
################################################################
########## MACD #########
################################################################
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageTypeMACD = AverageType.WEIGHTED;
def Value = MovingAverage(averageTypeMACD, close, fastLength) - MovingAverage(averageTypeMACD, close, slowLength);
def Avg = MovingAverage(averageTypeMACD, Value, MACDLength);
def Diff = Value - Avg;
#################################################################
##### Up/Down Trend Check/SCAN Variables #########
#################################################################
def UpTrend = if RSI > 50 and SlowK > 50 and Value > Avg then 1 else 0;
def DownTrend = if RSI < 50 and SlowK < 50 and Value < Avg then 1 else 0;
def NoTrend = if !UpTrend and !DownTrend then 1 else 0;
#
plot upArrow = if UpTrend == 1 and UpTrend[1] == 0 and NoTrend == 0 then 1 else 0;
#### ALERTS Sound
Alert(audibleAlerts and upArrow, "RSM UpTrend Started", Alert.BAR, Sound.Chimes);| Thread starter | Similar threads | Forum | Replies | Date |
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