# Top Ultimate Breakout Indicator
# tomsk
# 1.22.2020
# V1.0 - 12.08.2019 - hoojsn - Initial release of Top Ultimate Breakout Indicator (syntax errors)
# V1.1 - 12.08.2019 - tomsk - Cleared all syntax errors from initial hoojsn release
# V1.2 - 12.31.2019 - tomsk - Removed all extraneous logic and variables not used by the study
# V1.3 - 01.02.2020 - tomsk - Added ShowTodayOnly input selector to display current intraday levels
# V1.4 - 01.16.2020 - tomsk - Added ShowEntryExitBands input selector, can be set to "no"
# v1.5 - 01.22.2020 - tomsk - Added ShowBubbles input selector, to toggle display of bubbles
## Added supertrend - RCONNER7 03.30.2020 ##
# http://www.coinerpals.com/download-top-trade-tools-top-ultimate-breakout/
# https://bestforexfeatured.com/product/toptradetools-ultimate-breakout/
input BuyorSell = {default Buy, Sell};
input ShowTodayOnly = yes;
input ShowEntryExitBands = yes;
input ShowBubbles = yes;
input BuyEntry = 3;
input SellEntry = 3;
input BuyExit = 20;
input SellExit = 20;
input ATRLength = 50;
input TargetATRMult = 1;
input DisplayLines = yes;
input PriceDigit = 2;
#input OpenTime = 0940;
#input CloseTime = 1550;
#input notrades = 1550;
#def OpenGood = SecondsFromTime(OpenTime) >= 0 and SecondstillTime(notrades) >= 0;
#def CloseAllCondition = SecondstillTime(CloseTime) == 0;
def today = !showTodayOnly or getDay() == getLastDay() and SecondsFromTime(0930) >= 0;
# SuperTrend - YAHOO Finance ver.
input AtrMult = 1.2;
input nATR = 4;
input AvgType = AverageType.HULL;
input PaintBars = yes;
def ATR = ATR("length" = nATR, "average type" = AvgType);
def UP_Band_Basic = HL2 + (AtrMult * ATR);
def LW_Band_Basic = HL2 + (-AtrMult * ATR);
def UP_Band = if ((UP_Band_Basic < UP_Band[1]) or (close[1] > UP_Band[1])) then UP_Band_Basic else UP_Band[1];
def LW_Band = if ((LW_Band_Basic > LW_Band[1]) or (close[1] < LW_Band[1])) then LW_Band_Basic else LW_Band[1];
def ST = if ((ST[1] == UP_Band[1]) and (close < UP_Band)) then UP_Band else if ((ST[1] == UP_Band[1]) and (close > Up_Band)) then LW_Band else if ((ST[1] == LW_Band[1]) and (close > LW_Band)) then LW_Band else if ((ST[1] == LW_Band) and (close < LW_Band)) then UP_Band else LW_Band;
def ST_UP = ST < close;
def ST_DN = ST > close;
# High
def H1 = Highest(high, SellExit);
def H2 = fold i = 1 to SellExit
with ip = 0.0
do if GetValue(high, i) == H1 or GetValue(high, i) < ip
then ip
else GetValue(high, i);
def H3 = fold i1 = 1 to SellExit
with ip1 = 0.0
do if GetValue(high, i1) == H1 or GetValue(high, i1) == H2 or GetValue(high, i1) < ip1
then ip1
else GetValue(high, i1);
def HH = (H2 + H3) / 2.0;
# Low
def L1 = Lowest(low, BuyExit);
def L2 = fold i2 = 1 to BuyExit
with ip2 = 10000000.0
do if GetValue(low, i2) == L1 or GetValue(low, i2) > ip2
then ip2
else GetValue(low, i2);
def L3 = Lowest(if low == L1 or low == L2 then 1000000 else low, BuyExit);
def LL = (L2 + L2) / 2.0;
def QB = Highest(high, BuyEntry);
def QS = Lowest(low, SellEntry);
def ATRVal = ATR(length = ATRLength, averageType= AverageType.SIMPLE);
def mATR = Highest(ATRVal, ATRLength);
plot entry;
plot exit;
def EntryPr;
def pos;
def co = BarNumber() > Max(SellExit, BuyExit);
switch (BuyorSell) {
case Buy:
entry = QB[1];
exit = LL[1];
pos = if ST_UP and co and high > QB[1] then 1 else if low < LL[1] then 0 else pos[1];
EntryPr = if high > QB[1] and pos == 1 and pos[1] < 1
then QB[1]
else if pos == 0
then Double.NaN
else EntryPr[1];
case Sell:
entry = QS[1];
exit = HH[1];
pos = if ST_DN and co and low < QS[1] then -1 else if high[1] > HH[2] then 0 else pos[1];
EntryPr = if low < QS[1] and pos == -1 and pos[1] > -1
then QS[1]
else if pos == 0
then Double.NaN
else EntryPr[1];
}
entry.AssignValueColor(if BuyorSell == BuyorSell.Buy then Color.GREEN
else if BuyorSell == BuyorSell.Sell then Color.RED
else Color.CURRENT);
entry.SetHiding(!ShowEntryExitBands);
exit.SetDefaultColor(Color.CYAN);
exit.SetHiding(!ShowEntryExitBands);
def BTarget;
def BTarget2;
def EntryLine;
def TradeRisk;
switch (BuyorSell) {
case Buy:
BTarget = if pos == 1 and pos[1] < 1
then (EntryPr + (TargetATRMult * 2 * mATR))
else if pos == 1
then BTarget[1]
else Double.NaN;
BTarget2 = if pos == 1 and pos[1] < 1
then (EntryPr + 2 * (TargetATRMult * 2 * mATR))
else if pos == 1
then BTarget2[1]
else Double.NaN;
EntryLine = if LL < EntryPr then EntryPr else Double.NaN;
TradeRisk = (EntryPr - LL) / mATR;
case Sell:
BTarget = if pos == -1 and pos[1] > -1
then (EntryPr - (TargetATRMult * 2 * mATR))
else if pos == -1
then BTarget[1]
else Double.NaN;
BTarget2 = if pos == -1 and pos[1] > -1
then (EntryPr - 2 * (TargetATRMult * 2 * mATR))
else if pos == -1
then BTarget2[1]
else Double.NaN;
EntryLine = if HH > EntryPr then EntryPr else Double.NaN;
TradeRisk = (HH - EntryPr ) / mATR;
}
plot pBTarget = if today and DisplayLines and co then BTarget else Double.NaN;
pBTarget.SetDefaultColor(Color.YELLOW);
plot pBTarget2 = if today and DisplayLines and co then BTarget2 else Double.NaN;
pBTarget2.SetDefaultColor(Color.MAGENTA);
plot pEntryLine = if today and DisplayLines and co then EntryLine else Double.NaN;
pEntryLine.SetDefaultColor(Color.WHITE);
def valco = DisplayLines and co and (pos == 1 or pos == -1) and pos[1] == 0;
def rBTarget = Round(BTarget, PriceDigit);
def rBTarget2 = Round(BTarget2, PriceDigit);
def rEntryPr = Round(EntryPr, PriceDigit);
AddChartBubble(ShowBubbles and today and valco, BTarget, rBTarget, Color.YELLOW);
AddChartBubble(ShowBubbles and today and valco, BTarget2, rBTarget2, Color.MAGENTA);
AddChartBubble(ShowBubbles and today and valco, EntryPr, rEntryPr, Color.WHITE);
def exv=if BuyorSell == BuyorSell.Buy then LL else HH;
def rexv = Round(exv, PriceDigit);
def rTradeRisk = Round(TradeRisk, PriceDigit);
AddChartBubble(ShowBubbles and today and valco, exv, rexv + "(" + rTradeRisk + "ATR)", Color.CYAN);
# End Top Ultimate Breakout Indicator
