TraderZen
Member
Shark_Fins indicator is built on the foundation of B4 indicator (which relies on primary indicators for it's calculations), the visual aspects are Volume Wave like.
This indicator is not intended to replace the Smooth_Sail Indicator I have posted earlier.
Link to Smooth_Sail Indicator
It is different in many aspects. I will post a newer version of Smooth_Sail as well.
Shark_Fins uses B4 calculations which rely on primary indicators like MACD and Bollinger Bands. Smooth_Sail uses ArcTan for trend direction.
Shark Fins can be used at any time interval but it does not support multi-timeframe aggregations, and it only allows pre-determined parameters. Smooth_Sail is limited to a few time intervals, it supports multi-timeframe aggregations and its calculations can be tweaked.
V2 replaces V1 code.
V2 Changes:
Added option to set directional sensitivity of the Jitterzone high/low. (early exit vs stay in the trade longer).
Added option to turn alerts on/off.
This indicator is not intended to replace the Smooth_Sail Indicator I have posted earlier.
Link to Smooth_Sail Indicator
It is different in many aspects. I will post a newer version of Smooth_Sail as well.
Shark_Fins uses B4 calculations which rely on primary indicators like MACD and Bollinger Bands. Smooth_Sail uses ArcTan for trend direction.
Shark Fins can be used at any time interval but it does not support multi-timeframe aggregations, and it only allows pre-determined parameters. Smooth_Sail is limited to a few time intervals, it supports multi-timeframe aggregations and its calculations can be tweaked.
V2 replaces V1 code.
V2 Changes:
Added option to set directional sensitivity of the Jitterzone high/low. (early exit vs stay in the trade longer).
Added option to turn alerts on/off.
Code:
# SharkFins -
# Alternative way of using B4 Indicator to Calculate Jitterzone
#
# V2:
# Added input to control directional sensitivity of then jitterzone
# Addec option to turn alerts on/off
# B4 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.
# Copyright (c) 2021 B4 Signals
#
# Get support at: https://b4signals.com
# Join us at: https://discord.gg/kD3pKE2CQd
#
#
# v3.0 - barbros / chuck - official release
declare lower;
input Directional_Sensitivity = {Default "high", "low"}; #hint Directional_Sensitivity: Yellow JitterZone directional sensitivity
input ShowMarketForecastLabel = yes; #hint ShowMarketForecastLabel: Show the intermediate Market Forecast label
input ShowMACDBBLabel = yes; #hint ShowMACDBBLabel: Show the MACDBB based Trend label
input ShowMACDBBCloud = no; #hint ShowMACDBBCloud: Show the MACDBB cloud shaded between BB
input ShowRSMCloud = no; #hint ShowRSMCloud: Show the vertical cloud based on RSM
input ShowHMALabel = yes; #hint ShowHMALabel: Show HUll Moving Average based Divergence label
input ShowSTOCHSCALPERSqueezeLabel = yes; #hint ShowSTOCHSCALPERSqueezeLabel: Show Stochastic Scalper based squeeze label
input ShowSTOCHSCALPERSqueezeCloud = yes; #hint ShowSTOCHSCALPERSqueezeCloud: Show Stochastic Scalper based squeeze cloud between BB
input ShowBullBearVerticalLines = yes; #hint ShowBullBearVerticalLines: Show vertical lines for bullish or bearish direction
Input AlertMe = no; # hint Turn Alerts on or off
### Market Forecast
def pIntermediate = MarketForecast().Intermediate;
AddLabel(ShowMarketForecastLabel,
"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 "Neutral",
if pIntermediate >= 80 then Color.Cyan else
if pIntermediate <= 20 then Color.Magenta else
if pIntermediate > pIntermediate[1] then Color.Uptick else
if pIntermediate < pIntermediate[1] then Color.DownTick else Color.Yellow #RB
);
### MACDBB
input MACDBB_FastLength = 12;
input MACDBB_SlowLength = 26;
input MACDBB_BandLength = 15;
input MACDBB_NumDev = 1.0;
def MACDBB_Data = MACD(fastLength = MACDBB_FastLength, slowLength = MACDBB_SlowLength, MACDLength = 5);
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.DownTick);
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.Uptick);
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_Orange);
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.Cyan
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line >= MACDBB_Upper then Color.Magenta
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.Downtick else
if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line <= MACDBB_Lower then Color.Magenta
else Color.Yellow #RB
);
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.UpTick
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.Cyan
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.DownTick
else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.Magenta
else Color.Yellow #RB
);
MACDBB_Dots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
MACDBB_Dots.SetLineWeight(1);
MACDBB_Dots.HideTitle();
MACDBB_Dots.HideBubble();
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;
def MACDBB_Buy = MACDBB_Data > MACDBB_Upper;
def MACDBB_Sell = MACDBB_Data <= MACDBB_Lower;
AddLabel(ShowMACDBBLabel,
"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 "Bullish (reversing)"
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 "Bearish (reversing)"
else "Neutral",
if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.upTick
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then Color.Cyan
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.downTick
else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then Color.Magenta
else Color.Yellow #RB
);
## RB Commented this block.
#AddCloud(if ShowMACDBBCloud then MACDBB_Upper else MACDBB_Lower, MACDBB_Lower, Color.LIGHT_Orange);
### RSI/STOCASTIC/MACD CONFLUENCE COMBO
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.upTick);
RSM_MACD_Diff.DefineColor("Positive and Down", Color.Cyan);
RSM_MACD_Diff.DefineColor("Negative and Down", Color.DownTick);
RSM_MACD_Diff.DefineColor("Negative and Up", Color.Magenta);
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.DARK_GRAY);
RSM_MACD_ZeroLine.HideTitle();
RSM_MACD_ZeroLine.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;
def RSM_Buy = RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen;
def RSM_Sell = RSM_rsiRed and RSM_stochRed and RSM_macdRed;
# Shade areas based on criteria; adjust as needed
# -- RB Commented this block
#AddCloud(
# if ShowRSMCloud and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.POSITIVE_INFINITY else Double.NaN,
# if ShowRSMCloud and RSM_rsiGreen and RSM_stochGreen and RSM_macdGreen then Double.NEGATIVE_INFINITY else Double.NaN, Color.Light_green
#);
#AddCloud(
# if ShowRSMCloud and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.POSITIVE_INFINITY else Double.NaN,
# if ShowRSMCloud and RSM_rsiRed and RSM_stochRed and RSM_macdRed then Double.NEGATIVE_INFINITY else Double.NaN, Color.LIGHT_RED
#);
### Divergance
input HMA_Length = 55;
input HMA_Lookback = 2;
def HMA = HullMovingAvg(price = HL2, length = HMA_Length);
def HMA_delta = HMA[1] - HMA[HMA_Lookback + 1];
def HMA_delta_per_bar = HMA_delta / HMA_Lookback;
def HMA_next_bar = HMA[1] + HMA_delta_per_bar;
def HMA_concavity = if HMA > HMA_next_bar then 1 else -1;
def HMA_MA_Max = if HMA[-1] < HMA and HMA > HMA[1] then HMA else Double.NaN;
def HMA_MA_Min = if HMA[-1] > HMA and HMA < HMA[1] then HMA else Double.NaN;
def HMA_divergence = HMA - HMA_next_bar;
AddLabel(ShowHMALabel,
"Divergence " +
if HMA_concavity < 0 then
if HMA_divergence[1] > HMA_divergence then "Bearish"
else "Bearish (reversing)"
else
if HMA_divergence[1] < HMA_divergence then "Bullish"
else "Bullish (reversing)",
if HMA_concavity < 0 then
if HMA_divergence[1] > HMA_divergence then Color.DownTick
else Color.Magenta
else
if HMA_divergence[1] < HMA_divergence then Color.UpTick
else Color.Cyan
);
### Stocastic Scalper
def STOCHSCALPER_oSS = (open[1] + close[1]) / 2;
def STOCHSCALPER_hSS = Max(high, close[1]);
def STOCHSCALPER_lSS = Min(low, close[1]);
def STOCHSCALPER_cSS = (STOCHSCALPER_oSS + STOCHSCALPER_hSS + STOCHSCALPER_lSS + close) / 4;
def STOCHSCALPER_mean = Average(STOCHSCALPER_cSS, 20);
def STOCHSCALPER_sd = StDev(STOCHSCALPER_cSS, 20);
def STOCHSCALPER_atr = Average(TrueRange(STOCHSCALPER_cSS, STOCHSCALPER_hSS, STOCHSCALPER_lSS), 20);
def STOCHSCALPER_squeeze = if (STOCHSCALPER_mean + (2 * STOCHSCALPER_sd)) < (STOCHSCALPER_mean + (1.5 * STOCHSCALPER_atr)) then yes else no;
def STOCHSCALPER_squeeze_signal = !STOCHSCALPER_squeeze[1] and STOCHSCALPER_squeeze;
## RB Commented this block
#AddCloud(if ShowSTOCHSCALPERSqueezeCloud and STOCHSCALPER_squeeze then MACDBB_Upper else Double.NaN,
# if ShowSTOCHSCALPERSqueezeCloud and STOCHSCALPER_squeeze then MACDBB_Lower else Double.NaN, Color.YELLOW);
AddLabel(ShowSTOCHSCALPERSqueezeLabel, "Scalper Squeeze", if STOCHSCALPER_squeeze then Color.WHITE else Color.Yellow); #RB
### 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_Direction = if BarNumber() == 0 then 0
else if (RSI_IFT_InverseRSI[1] > 0) and (RSI_IFT_InverseRSI < 0) then -1
else if (RSI_IFT_InverseRSI > 0) and (RSI_IFT_InverseRSI[1] < 0) then 1
else RSI_IFT_Direction[1];
### Fibonacci SuperTrend
input FST_Length = 11;
input FST_Retrace = 23.6;
input FST_UseHighLow = yes;
def FST_h = if FST_UseHighLow then high else close;
def FST_l = if FST_UseHighLow then low else close;
def FST_minL = Lowest(FST_l, FST_Length);
def FST_maxH = Highest(FST_h, FST_Length);
def FST_hh = if FST_h > FST_maxH[1] then FST_h else FST_hh[1];
def FST_ll = if FST_l < FST_minL[1] then FST_l else FST_ll[1];
def FST_trend = if FST_h > FST_maxH[1] then 1 else if FST_l < FST_minL[1] then -1 else FST_trend[1];
def FST_Direction = if BarNumber() == 0 then 0
else if FST_trend != 1 then -1
else if FST_trend == 1 then 1
else FST_Direction[1];
### Bar Color
input BarColor = { default "x", "None", "RSM", "FibonacciSuperTrend" }; #hint BarColor: Paint bars with RSM (Default -RB) or Fibonacci SuperTrend direction
AssignPriceColor(
if BarColor == BarColor.FibonacciSuperTrend then
if FST_trend == 1 then Color.UpTick else Color.DownTick
else if BarColor == BarColor.RSM then
if RSM_Buy then Color.UpTick
else if RSM_Sell then Color.DownTick
else Color.Yellow #RB
else if barColor == Barcolor.x then Color.Current
else Color.Current# RB
);
### Strategy
input BullBear_Include_FST = yes; #hint BullBear_Include_FST: Include Fibonacci SuperTrend in the vertical line strategy
input BullBear_Include_RSI_IFT = yes; #hint BullBear_Include_RSI_IFT: Include RSI IFT in the vertical line strategy
def BullBear_Buy = (!BullBear_Include_FST or FST_Direction == 1) and
(!BullBear_Include_RSI_IFT or RSI_IFT_Direction == 1);
def BullBear_Sell = (!BullBear_Include_FST or FST_Direction == -1) and
(!BullBear_Include_RSI_IFT or RSI_IFT_Direction == -1);
## - RB commented this block.
AddVerticalLine(ShowBullBearVerticalLines and BullBear_Buy and !BullBear_Buy[1],
AsDollars(close),
Color.UpTick, Curve.SHORT_DASH);
AddVerticalLine(ShowBullBearVerticalLines and BullBear_Sell and !BullBear_Sell[1],
AsDollars(close),
Color.DownTick, Curve.SHORT_DASH);
def Strategy_Buy = BullBear_Buy and MACDBB_Buy and RSM_Buy;
def Strategy_Sell = BullBear_Sell and MACDBB_Sell and RSM_Sell;
def Strategy_BuySignal = Strategy_Buy and !Strategy_Buy[1];
def Strategy_SellSignal = Strategy_Sell and !Strategy_Sell[1];
plot BuyArrow = if Strategy_BuySignal then 0 else Double.NaN;
BuyArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
BuyArrow.SetDefaultColor(Color.WHITE);
BuyArrow.HideTitle();
BuyArrow.HideBubble();
plot SellArrow = if Strategy_SellSignal then 0 else Double.NaN;
SellArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
SellArrow.SetDefaultColor(Color.WHITE);
SellArrow.HideTitle();
SellArrow.HideBubble();
### Alerts
Alert(Alertme and Strategy_BuySignal, "Long Entry", Alert.BAR, Sound.DING);
Alert(Alertme and Strategy_SellSignal, "Short Entry", Alert.BAR, Sound.DING);
Alert(Alertme and (MACDBB_Line crosses above MACDBB_CrossFromAboveVal), "MACDBB Crossed Up", Alert.BAR, Sound.DING);
Alert(alertme and (MACDBB_Line crosses below MACDBB_CrossFromBelowVal), "MACDBB Crossed Down", Alert.BAR, Sound.DING);
Alert(alertme and (STOCHSCALPER_squeeze_signal), "Scalper Squeeze", Alert.BAR, Sound.DING);
### Hide all plots
MACDBB_Upper.hide();
MACDBB_Lower.hide();
MACDBB_Midline.hide();
MACDBB_Line.hide();
MACDBB_Dots.Hide();
RSM_MACD_Diff.Hide();
RSM_MACD_ZeroLine.Hide();
BuyArrow.Hide();
SellArrow.Hide();
### --- Draw ShartkFin --
Input UseMTF = {default "Yes", "no"};
Input MTF = { "1M", "5M", Default "15M", "30M"};
def p_selected = if UseMTF == UseMTF."Yes" and MTF == MTF."1M" then AggregationPeriod.Min
else if UseMTF == UseMTF."Yes" and MTF == MTF."5M" then AggregationPeriod.Five_Min
else if UseMTF == UseMTF."Yes" and MTF == MTF."15M" then AggregationPeriod.Fifteen_Min
else if UseMTF == UseMTF."Yes" and MTF == MTF."30M" then AggregationPeriod.Thirty_Min
else getAggregationPeriod() ;
def p = if p_selected < getAggregationPeriod() then getAggregationPeriod()
else p_selected;
def Hz =0;
Plot p_Hz = hz;
def v_1 = volume(period=p);
def v_2 = volume;
Def Decision = if MACDBB_Line >= MACDBB_Upper then if MACDBB_Line >= MACDBB_Line[1] then 2 else 1 #Cyan
else if MACDBB_Line >= MACDBB_Upper then if MACDBB_Line < MACDBB_Line[1] then 1 else 1 #Green
else if MACDBB_Line <= MACDBB_Lower then if MACDBB_Line <= MACDBB_Line[1] then -2 else -1 #Magenta
else if MACDBB_Line <= MACDBB_Lower then if MACDBB_Line > MACDBB_Line[1] then -1 else -1 #red
else if macdBB_Line >= MACDBB_Line[1] then 3 #Yellow
else if macdBB_Line < macdBB_Line[1] then -3 #Yellow
else decision[1];#Yellow
def w_1 = if Decision > 0 and !(decision[1] > 0)
then v_1
else if Decision < 0 and !(Decision[1] < 0 )
then v_1
else w_1[1] + v_1;
plot TDX;
Def Dir = if Strategy_Buy then 1 else if Strategy_Sell then -1 else 1 ; # -- Older style RB
def Dir2 = if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then 1
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line > MACDBB_Upper then 1
else if MACDBB_Line < MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then -1
else if MACDBB_Line > MACDBB_Line[1] and MACDBB_Line < MACDBB_Lower then -1
else if MACDBB_Line > MACDBB_Line[1] then 1
else -1;
TDX = w_1 * (if Directional_Sensitivity == Directional_Sensitivity."high" then dir2 else dir);
TDX.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.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.red
else Color.Yellow
);
TDX.setLineWeight(1);
TDX.SetPaintingStrategy(PaintingStrategy.histogram);
Last edited:
