#Trend_Reversal_Indicator_with_Signals

#2020-07-02

input usealerts = no;

def price = close;

def superfast_length = 9;

def fast_length = 14;

def slow_length = 21;

def displace = 0;

def mov_avg9 = ExpAverage(price[-displace], superfast_length);

def mov_avg14 = ExpAverage(price[-displace], fast_length);

def mov_avg21 = ExpAverage(price[-displace], slow_length);

#moving averages

def Superfast = mov_avg9;

def Fast = mov_avg14;

def Slow = mov_avg21;

def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;

def stopbuy = mov_avg9 <= mov_avg14;

def buynow = !buy[1] and buy;

def buysignal = CompoundValue(1, if buynow and !stopbuy then 1 else if buysignal[1] == 1 and stopbuy then 0 else buysignal[1], 0);

def Buy_Signal = buysignal[1] == 0 and buysignal == 1;

Alert(condition = buysignal[1] == 0 and buysignal == 1 and usealerts, text = "Buy Signal", sound = Sound.Bell, "alert type" = Alert.BAR);

def Momentum_Down = buysignal[1] == 1 and buysignal == 0;

#Alert(condition = buysignal[1] == 1 and buysignal == 0 and usealerts, text = "Momentum_Down", sound = Sound.Bell, "alert type" = Alert.BAR);

def sell = mov_avg9 < mov_avg14 and mov_avg14 < mov_avg21 and high < mov_avg9;

def stopsell = mov_avg9 >= mov_avg14;

def sellnow = !sell[1] and sell;

def sellsignal = CompoundValue(1, if sellnow and !stopsell then 1 else if sellsignal[1] == 1 and stopsell then 0 else sellsignal[1], 0);

def Sell_Signal = sellsignal[1] == 0 and sellsignal;

Alert(condition = sellsignal[1] == 0 and sellsignal == 1 and usealerts, text = "Sell Signal", sound = Sound.Bell, "alert type" = Alert.BAR);

def Momentum_Up = sellsignal[1] == 1 and sellsignal == 0;

#Alert(condition = sellsignal[1] == 1 and sellSignal == 0 and usealerts, text = "Momentum_Up", sound = Sound.Bell, "alert type" = Alert.BAR);

plot Colorbars = if buysignal == 1 then 1 else if sellsignal == 1 then 2 else if buysignal == 0 or sellsignal == 0 then 3 else 0;

Colorbars.Hide();

Colorbars.DefineColor("Buy_Signal_Bars", CreateColor(0,128,0));

Colorbars.DefineColor("Sell_Signal_Bars", CreateColor(128,0,0));

Colorbars.DefineColor("Neutral", CreateColor(0,0,128));

#___________________________________________________________________________

input method = {default average, high_low};

def bubbleoffset = .0005;

def percentamount = .01;

def revAmount = .05;

def atrreversal = 2.0;

def atrlength = 5;

def pricehigh = high;

def pricelow = low;

def averagelength = 5;

def averagetype = AverageType.EXPONENTIAL;

def mah = MovingAverage(averagetype, pricehigh, averagelength);

def mal = MovingAverage(averagetype, pricelow, averagelength);

def priceh = if method == method.high_low then pricehigh else mah;

def pricel = if method == method.high_low then pricelow else mal;

def EI = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = percentamount, "absolute reversal" = revAmount, "atr length" = atrlength, "atr reversal" = atrreversal);

def reversalAmount = if (close * percentamount / 100) > Max(revAmount < atrreversal * reference ATR(atrlength), revAmount) then (close * percentamount / 100) else if revAmount < atrreversal * reference ATR(atrlength) then atrreversal * reference ATR(atrlength) else revAmount;

rec EISave = if !IsNaN(EI) then EI else GetValue(EISave, 1);

def chg = (if EISave == priceh then priceh else pricel) - GetValue(EISave, 1);

def isUp = chg >= 0;

rec isConf = AbsValue(chg) >= reversalAmount or (IsNaN(GetValue(EI, 1)) and GetValue(isConf, 1));

def EId = if isUp then 1 else 0;

#plot EnhancedLines = if EId <= 1 then EI else Double.NaN;

#EnhancedLines.AssignValueColor(if EId == 1 then Color.GREEN else if EId == 0 then Color.RED else Color.DARK_ORANGE);

#EnhancedLines.SetStyle(Curve.FIRM);

#EnhancedLines.EnableApproximation();

#EnhancedLines.HideBubble();

#Price Change between Enhanceds

def xxhigh = if EISave == priceh then priceh else xxhigh[1];

def chghigh = priceh - xxhigh[1];

def xxlow = if EISave == pricel then pricel else xxlow[1];

def chglow = pricel - xxlow[1];

def showBubbleschange = no;

AddChartBubble(showBubbleschange and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , "$" + chg , if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, isUp);

#Price at High/Low

def showBubblesprice = no;

AddChartBubble(showBubblesprice and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if isUp then "$" + priceh else "$" + pricel , if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, isUp);

#Label for Confirmed/Unconfirmed Status of Current Enhanced

#Bar Count between Enhanceds

rec EIcount = if EISave[1] != EISave then 1 else if EISave[1] == EISave then EIcount[1] + 1 else 0;

def EIcounthilo = if EIcounthilo[1] == 0 and (EISave == priceh or EISave == pricel) then 1 else if EISave == priceh or EISave == pricel then EIcounthilo[1] + 1 else EIcounthilo[1];

def EIhilo = if EISave == priceh or EISave == pricel then EIcounthilo else EIcounthilo + 1;

def EIcounthigh = if EISave == priceh then EIcount[1] else Double.NaN;

def EIcountlow = if EISave == pricel then EIcount[1] else Double.NaN;

def showBubblesbarcount = no;

AddChartBubble(showBubblesbarcount and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if EISave == priceh then EIcounthigh else EIcountlow, if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no );

#Arrows

def EIL = if !IsNaN(EI) and !isUp then pricel else GetValue(EIL, 1);

def EIH = if !IsNaN(EI) and isUp then priceh else GetValue(EIH, 1);

def dir = CompoundValue(1, if EIL != EIL[1] or pricel == EIL[1] and pricel == EISave then 1 else if EIH != EIH[1] or priceh == EIH[1] and priceh == EISave then -1 else dir[1], 0);

def signal = CompoundValue(1, if dir > 0 and pricel > EIL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and priceh < EIH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);

def showarrows = yes;

def U1 = showarrows and signal > 0 and signal[1] <= 0;

#U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);

#U1.SetDefaultColor(Color.GREEN);

#U1.SetLineWeight(4);

def D1 = showarrows and signal < 0 and signal[1] >= 0;

#D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

#D1.SetDefaultColor(Color.RED);

#D1.SetLineWeight(4);

def barnumber = BarNumber()[10];

**AddChartBubble((barnumber and U1), if isUp then low else high, if showarrows and signal > 0 and signal[1] <= 0 then "" + low else "" , if Colorbars == 3 then Color.LIGHT_GREEN else Color.UPTICK, no);**

AddChartBubble((barnumber and D1), if isUp then low else high, if showarrows and signal < 0 and signal[1] >= 0 then "" + high else "" , if Colorbars == 3 then Color.LIGHT_RED else Color.DOWNTICK, yes);

def revLineTop;

def revLineBot;

if barnumber and D1 {

revLineBot = Double.NaN;

revLineTop = high[1];

} else if barnumber and U1 {

revLineTop = Double.NaN;

revLineBot = low[1];

} else if !IsNaN(revLineBot[1]) and (Colorbars[2] == 2 or Colorbars[1] == 2) {

revLineBot = revLineBot[1];

revLineTop = Double.NaN;

} else if !IsNaN(revLineTop[1]) and (Colorbars[2] == 1 or Colorbars[1] == 1) {

revLineTop = revLineTop[1];

revLineBot = Double.NaN;

} else {

revLineTop = Double.NaN;

revLineBot = Double.NaN;

}

#plot botLine = revLineBot[-1];

#botLine.SetDefaultColor(Color.LIGHT_GREEN);

#plot topLine = revLineTop[-1];

#topLine.SetDefaultColor(Color.LIGHT_RED);

#Alerts

#def usealerts = no;

Alert(usealerts and U1, "EI-UP", Alert.BAR, Sound.Bell);

Alert(usealerts and D1, "EI-DOWN", Alert.BAR, Sound.Chimes);

#Supply Demand Areas

rec data1 = CompoundValue(1, if (EISave == priceh or EISave == pricel) then data1[1] + 1 else data1[1], 0);

def datacount1 = (HighestAll(data1) - data1[1]);

def numbersuppdemandtoshow = 0;

input showSupplyDemand = {default Pivot, Arrow, None};

def idx = if showSupplyDemand == showSupplyDemand.Pivot then 1 else 0;

def rLow;

def rHigh;

if signal crosses 0 {

rLow = pricel[idx];

rHigh = priceh[idx];

} else {

rLow = rLow[1];

rHigh = rHigh[1];

}

def HighLine = if datacount1 <= numbersuppdemandtoshow and showSupplyDemand != showSupplyDemand.None and !IsNaN(close) and rHigh != 0 then rHigh else Double.NaN;

def LowLine = if datacount1 <= numbersuppdemandtoshow and showSupplyDemand != showSupplyDemand.None and !IsNaN(close) and rLow != 0 then rLow else Double.NaN;

def hlUp = if signal > 0 then HighLine else Double.NaN;

def hlDn = if signal < 0 then HighLine else Double.NaN;

def showsupplydemandcloud = no;

AddCloud(if showsupplydemandcloud then hlUp else Double.NaN, LowLine, Color.LIGHT_GREEN, Color.LIGHT_GREEN);

AddCloud(if showsupplydemandcloud then hlDn else Double.NaN, LowLine, Color.LIGHT_RED, Color.LIGHT_RED);

#Store Previous Data

def EIsave1 = if !IsNaN(EISave) then EISave else EIsave1[1];

def EIsave2 = EIsave1;

rec priorEI1 = if EIsave2 != EIsave2[1] then EIsave2[1] else priorEI1[1];

rec priorEI2 = if priorEI1 != priorEI1[1] then priorEI1[1] else priorEI2[1];

rec priorEI3 = if priorEI2 != priorEI2[1] then priorEI2[1] else priorEI3[1];

#Fibonacci Extensions

rec data = CompoundValue(1, if (EISave == priceh or EISave == pricel) then data[1] + 1 else data[1], 0);

def datacount = (HighestAll(data) - data[1]);

def numberextfibstoshow = 2;

rec cpo = if dir[1] != dir then 0 else 1;

def showFibExtLines = no;

def showtodayonly = no;

def today = if showtodayonly == yes then GetDay() == GetLastDay() else GetDay();

def extfib1 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) * 1

else extfib1[1];

def extfib100 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1) and dir < 0 and cpo != 0 then extfib1[1] else Double.NaN;

def extfib1a = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) * 0.382

else extfib1a[1];

def extfib382 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1a) and dir < 0 and cpo != 0 then extfib1a[1] else Double.NaN;

def extfib2 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *

0.618 else extfib2[1];

def extfib618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib2) and dir < 0 and cpo != 0 then extfib2[1] else Double.NaN;

def extfib3 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *

1.618 else extfib3[1];

def extfib1618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3) and dir < 0 and cpo != 0 then extfib3[1] else Double.NaN;

def extfib3a = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *

2.000 else extfib3a[1];

def extfib2000 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3a) and dir < 0 and cpo != 0 then extfib3a[1] else Double.NaN;

def extfib4 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *

2.618 else extfib4[1];

def extfib2618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib4) and dir < 0 and cpo != 0 then extfib4[1] else Double.NaN;

def extfib5 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *

3.618 else extfib5[1];

def extfib3618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib5) and dir < 0 and cpo != 0 then extfib5[1] else Double.NaN;

def extfib1_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) * 1

else extfib1_[1];

def extfib100_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1_) and dir > 0 and cpo != 0 then extfib1_[1] else Double.NaN;

def extfib1a_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) * 0.382

else extfib1a_[1];

def extfib382_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1a_) and dir > 0 and cpo != 0 then extfib1a_[1] else Double.NaN;

def extfib2_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *

0.618 else extfib2_[1];

def extfib618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib2_) and dir > 0 and cpo != 0 then extfib2_[1] else Double.NaN;

def extfib3_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *

1.618 else extfib3_[1];

def extfib1618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3_) and dir > 0 and cpo != 0 then extfib3_[1] else Double.NaN;

def extfib3a_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *

2.000 else extfib3a_[1];

def extfib2000_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3a_) and dir > 0 and cpo != 0 then extfib3a_[1] else Double.NaN;

def extfib4_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *

2.618 else extfib4_[1];

def extfib2618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib4_) and dir > 0 and cpo != 0 then extfib4_[1] else Double.NaN;

def extfib5_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *

3.618 else extfib5_[1];

def extfib3618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib5_) and dir > 0 and cpo != 0 then extfib5_[1] else Double.NaN;

def fibextbubblespacesinexpansion = 8;

def b = fibextbubblespacesinexpansion;

def direction = if !isUp then 1 else 0;

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1[b + 2], "100%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1a[b + 2], "38.2%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib2[b + 2], "61.8%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3[b + 2], "161.8%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3a[b + 2], "200%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib4[b + 2], "261.8%", Color.RED, no);

AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib5[b + 2], "361.8%", Color.RED, no);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1_[b + 2], "100%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1a_[b + 2], "38.2%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib2_[b + 2], "61.8%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3_[b + 2], "161.8%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3a_[b + 2], "200%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib4_[b + 2], "261.8%", Color.GREEN, yes);

AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib5_[b + 2], "361.8%", Color.GREEN, yes);

#Volume at Reversals

def vol = if BarNumber() == 0 then 0 else volume + vol[1];

def vol1 = if BarNumber() == 1 then volume else vol1[1];

def xxvol = if EISave == priceh or EISave == pricel then TotalSum(volume) else xxvol[1];

def chgvol = if xxvol - xxvol[1] + vol1 == vol then vol else xxvol - xxvol[1];

def showBubblesVolume = no;

AddChartBubble(showBubblesVolume and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset), chgvol, if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no );

input usemanualfibskip = no;#Hint usemanualfibskip: Select no to use preprogrammed fibskip amounts. Select no, to use the amount entered at input fibskip.

input fibskip = .50;#Hint fibskip: Set input usemanualfibskip == yes to use this amount versus preprogrammed amounts. Standard is 1.0. This is percentage difference between fib high and low before a new fib grid created.

def showBubblesfibratio = no;

def showFibLabel = no;#Hint showfibLabel: Select yes to show label of current fib level as of last price

def showfiblines = no;

def fib1level = .236;

def fib2level = .382;

def fibMlevel = .500;

def fib3level = .618;

def fib4level = .786;

#Fibs

def datacount2 = (HighestAll(data1) - data1[1]);

def numberfibretracementstoshow = 2;

def fibskipit = if usemanualfibskip == no then if close > 800 then .25 else .5 else fibskip;

def EIfibh = if EISave == priceh and AbsValue(EISave - EISave[1]) > priceh * fibskipit * .01 then priceh else EIfibh[1];

def EIfibl = if EISave == pricel and AbsValue(EISave - EISave[1]) > priceh * fibskipit * .01 then pricel else EIfibl[1];

def range = EIfibh - EIfibl;

def fibH = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibh else Double.NaN;

def fibL = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl else Double.NaN;

def fibM = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fibMlevel else Double.NaN;

def fib1 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib1level else Double.NaN;

def fib2 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib2level else Double.NaN;

def fib3 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib3level else Double.NaN;

def fib4 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib4level else Double.NaN;

AddLabel(showFibLabel, Concat( "Current Fib Level ", AsPercent((close - EIfibl) / (range))), if close > EIfibl then Color.GREEN else if EIfibh == close then Color.WHITE else Color.RED);

AddChartBubble(showBubblesfibratio and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if isUp then AsPercent((priceh - EIfibl) / (range)) else AsPercent((pricel - EIfibl) / range), if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.GREEN else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.RED, isUp);