More selective version from previous. I suggest using it on the 2d. If the signal is triggered after crossing a day before then trade the open of the candle.
Code:input LookbackPeriod = 2; input TimeFrame2 = "week"; input TimeFrame3 = "month"; input HideSwings = no; input HideCurrentTF = no; input HideTimeFrame2 = no; input HideTimeFrame3 = no; input length = 5; input length21 = 40; input length1 = 8; def price = (open + close)/2; input BuyEntry3 = 10; input SellEntry3 = 10; def displace2 = 0; input buyentry4 = 6; input sellentry4 = 6; input lengthw = 4; def wClosew = (high + low + 2 * close) * 0.25; def wCRatiow = (wClosew - wClosew[1]) / Min(wClosew, wClosew[1]); def closeRatiow = 3 * wClosew / Average(Highest(High, 2) - Lowest(Low, 2), lengthw) * AbsValue(wCRatiow); def volumeRatiow = Volume / Average(Volume, lengthw); def volumePerClosew = volumeRatiow / exp(Min(88, closeRatiow)); def buyPw; def sellPw; if (wCRatiow > 0) { buyPw = volumeRatiow; sellPw = volumePerClosew; } else { buyPw = volumePerClosew; sellPw = volumeRatiow; } def buyPresw = if IsNaN(buyPresw[1]) then 0 else ((buyPresw[1] * (lengthw - 1)) + buyPw) / lengthw; def sellPresw = if IsNaN(sellPresw[1]) then 0 else ((sellPresw[1] * (lengthw - 1)) + sellPw) / lengthw; def tempDIw; if ((((sellPresw[1] * (lengthw - 1)) + sellPw) / lengthw - ((buyPresw[1] * (lengthw - 1)) + buyPw) / lengthw) > 0) { tempDIw = - if (sellPresw != 0) then buyPresw / sellPresw else 1; } else { tempDIw = if (buyPresw != 0) then sellPresw / buyPresw else 1; } plot DMIndxw = if IsNaN(close) then Double.NaN else if tempDIw < 0 then -1 - tempDIw else 1 - tempDIw; def wClose = (high + low + 2 * close) * 0.25; def wCRatio = (wClose - wClose[1]) / Min(wClose, wClose[1]); def closeRatio = 3 * wClose / Average(Highest(High, 2) - Lowest(Low, 2), length) * AbsValue(wCRatio); def volumeRatio = Volume / Average(Volume, length); def volumePerClose = volumeRatio / exp(Min(88, closeRatio)); def buyP; def sellP; if (wCRatio > 0) { buyP = volumeRatio; sellP = volumePerClose; } else { buyP = volumePerClose; sellP = volumeRatio; } def buyPres = if IsNaN(buyPres[1]) then 0 else ((buyPres[1] * (length - 1)) + buyP) / length; def sellPres = if IsNaN(sellPres[1]) then 0 else ((sellPres[1] * (length - 1)) + sellP) / length; def tempDI; if ((((sellPres[1] * (length - 1)) + sellP) / length - ((buyPres[1] * (length - 1)) + buyP) / length) > 0) { tempDI = - if (sellPres != 0) then buyPres / sellPres else 1; } else { tempDI = if (buyPres != 0) then sellPres / buyPres else 1; } plot DMIndx = if IsNaN(close) then Double.NaN else if tempDI < 0 then -1 - tempDI else 1 - tempDI; plot ZeroLine = 0; plot lowe = .4; plot highe = -.4; def QB4 = Highest(dmindx, BuyEntry4); def QS4 = Lowest(dmindx, SellEntry4); def trueqb4 = QB4[1]; def trueqs4 = QS4[1]; DMIndx.setDefaultColor(GetColor(1)); ZeroLine.SetDefaultColor(GetColor(5)); assert(length1 > 0, "'length' must be positive: " + length1); def ROC = if price[length1] != 0 then (price / price[length1] - 1) * 100 else 0; assert(length21 > 0, "'length' must be positive: " + length21); def QB3 = Highest(roc, BuyEntry3); def QS3 = Lowest(roc, SellEntry3); def trueqb3 = QB3[1]; def trueqs3 = QS3[1]; plot buy4 = (dmindx > trueqb4) and (roc > trueqs3) and (roc > 1) and (roc > trueqb3); def optiondos = (dmindxw > .47069); plot sell4 = (dmindx < trueqs4) and (roc < trueqb3) and (roc < -1); def SwingsLagBar = 1; def BuyEntry = 3; def SellEntry = 3; def QB = Highest(high, BuyEntry); def QS = Lowest(low, SellEntry); def trueqb = QB[1]; def trueqs = QS[1]; plot midline = (trueqb + trueqs)/2; def length78 = 1; def displace = 0; def price2 = close; def SMA = Average(price[-displace], length78); def SMA2 = Average(price2[-displace], length78); #-------------------------------------------------------------- def _highInPeriod1 = Highest(high, LookbackPeriod); def _lowInPeriod1 = Lowest(low, LookbackPeriod); #-------------------------------------------------------------- def marketLow1 = if _lowInPeriod1 < _lowInPeriod1[-LookbackPeriod] then _lowInPeriod1 else _lowInPeriod1[-LookbackPeriod]; def _markedLow1 = low == marketLow1; rec _lastMarkedLow1 = CompoundValue(1, if IsNaN(_markedLow1) then _lastMarkedLow1[1] else if _markedLow1 then low else _lastMarkedLow1[1], low); #-------------------------------------------------------------- def marketHigh1 = if _highInPeriod1 > _highInPeriod1[-LookbackPeriod] then _highInPeriod1 else _highInPeriod1[-LookbackPeriod]; def _markedHigh1 = high == marketHigh1; rec _lastMarkedHigh1 = CompoundValue(1, if IsNaN(_markedHigh1) then _lastMarkedHigh1[1] else if _markedHigh1 then high else _lastMarkedHigh1[1], high); #-------------------------------------------------------------- plot Resistance1 = _lastMarkedHigh1; plot Support1 = _lastMarkedLow1; #-------------------------------------------------------------- Resistance1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Resistance1.SetDefaultColor(Color.MAGENTA); Resistance1.SetHiding(HideCurrentTF); #-------------------------------------------------------------- Support1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Support1.SetDefaultColor(Color.YELLOW); Support1.SetHiding(HideCurrentTF); #-------------------------------------------------------------- def LowSwingForw = Lowest(low, SwingsLagBar)[-SwingsLagBar]; def LowSwingBack = Lowest(low, LookbackPeriod)[1]; def SwingLow = if low < LowSwingForw and low <= LowSwingBack then 1 else 0; plot LowSwing = if SwingLow then low else Double.NaN; LowSwing.Hide(); #-------------------------------------------------------------- def HighSwingForw = Highest(high, SwingsLagBar)[-SwingsLagBar]; def HighSwingBack = Highest(high, LookbackPeriod)[1]; def SwingHigh = if high > HighSwingForw and high >= HighSwingBack then 1 else 0; plot HighSwing = if SwingHigh then high else Double.NaN; HighSwing.Hide(); #-------------------------------------------------------------- HighSwing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN); HighSwing.SetLineWeight(5); HighSwing.SetDefaultColor(Color.MAGENTA); HighSwing.SetHiding(HideSwings); LowSwing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); LowSwing.SetLineWeight(5); LowSwing.SetDefaultColor(Color.YELLOW); LowSwing.SetHiding(HideSwings); #-------------------------------------------------------------- Alert(HighSwing, "SupRes : Swing High", Alert.BAR, Sound.Bell); Alert(LowSwing, "SupRes : Swing Low", Alert.BAR, Sound.Bell); #-------------------------------------------------------------- AddLabel(HighSwing, "SupRes : Swing High", Color.MAGENTA); AddLabel(LowSwing, "SupRes : Swing Low", Color.YELLOW); #-------------------------------------------------------------- def _highInPeriod2 = Highest(high(period = TimeFrame2), LookbackPeriod); def _lowInPeriod2 = Lowest(low(period = TimeFrame2), LookbackPeriod); #-------------------------------------------------------------- def marketLow2 = if _lowInPeriod2 < _lowInPeriod2[-LookbackPeriod] then _lowInPeriod2 else _lowInPeriod2[-LookbackPeriod]; def _markedLow2 = low(period = TimeFrame2) == marketLow2; rec _lastMarkedLow2 = CompoundValue(1, if IsNaN(_markedLow2) then _lastMarkedLow2[1] else if _markedLow2 then low(period = TimeFrame2) else _lastMarkedLow2[1], low(period = TimeFrame2)); #-------------------------------------------------------------- def marketHigh2 = if _highInPeriod2 > _highInPeriod2[-LookbackPeriod] then _highInPeriod2 else _highInPeriod2[-LookbackPeriod]; def _markedHigh2 = high(period = TimeFrame2) == marketHigh2; rec _lastMarkedHigh2 = CompoundValue(1, if IsNaN(_markedHigh2) then _lastMarkedHigh2[1] else if _markedHigh2 then high(period = TimeFrame2) else _lastMarkedHigh2[1], high(period = TimeFrame2)); #-------------------------------------------------------------- plot Resistance2 = _lastMarkedHigh2; Resistance2.Hide(); plot Support2 = _lastMarkedLow2; Support2.Hide(); #-------------------------------------------------------------- Resistance2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Resistance2.SetDefaultColor(Color.MAGENTA); Resistance2.SetHiding(HideTimeFrame2); #-------------------------------------------------------------- Support2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Support2.SetDefaultColor(Color.YELLOW); Support2.SetHiding(HideTimeFrame2); #-------------------------------------------------------------- def _highInPeriod3 = Highest(high(period = TimeFrame3), LookbackPeriod); def _lowInPeriod3 = Lowest(low(period = TimeFrame3), LookbackPeriod); #-------------------------------------------------------------- def marketLow3 = if _lowInPeriod3 < _lowInPeriod3[-LookbackPeriod] then _lowInPeriod3 else _lowInPeriod3[-LookbackPeriod]; def _markedLow3 = low(period = TimeFrame3) == marketLow3; rec _lastMarkedLow3 = CompoundValue(1, if IsNaN(_markedLow3) then _lastMarkedLow3[1] else if _markedLow3 then low(period = TimeFrame3) else _lastMarkedLow3[1], low(period = TimeFrame3)); #-------------------------------------------------------------- def marketHigh3 = if _highInPeriod3 > _highInPeriod3[-LookbackPeriod] then _highInPeriod3 else _highInPeriod3[-LookbackPeriod]; def _markedHigh3 = high(period = TimeFrame3) == marketHigh3; rec _lastMarkedHigh3 = CompoundValue(1, if IsNaN(_markedHigh3) then _lastMarkedHigh3[1] else if _markedHigh3 then high(period = TimeFrame3) else _lastMarkedHigh3[1], high(period = TimeFrame3)); #-------------------------------------------------------------- plot Resistance3 = _lastMarkedHigh3; Resistance3.Hide(); plot Support3 = _lastMarkedLow3; Support3.Hide(); #-------------------------------------------------------------- Resistance3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Resistance3.SetDefaultColor(Color.MAGENTA); Resistance3.SetHiding(HideTimeFrame3); #-------------------------------------------------------------- Support3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Support3.SetDefaultColor(Color.YELLOW); Support3.SetHiding(HideTimeFrame3); def lower_close1 = (SMA crosses below Support1[1]); def higher_close1 = (SMA crosses above Resistance1[1]); def lower_close2 = (SMA crosses below Support2[1]); def higher_close2 = (SMA crosses above Resistance2[1]); def lower_close3 = (SMA crosses below Support2[1]); def higher_close3 = (SMA crosses above Resistance2[1]); def lower_close12 = (SMA2 crosses below Support1[1]); def higher_close12 = (SMA2 crosses above Resistance1[1]); def lower_close22 = (SMA2 crosses below Support2[1]); def higher_close22 = (SMA2 crosses above Resistance2[1]); def lower_close32 = (SMA2 crosses below Support2[1]); def higher_close32 = (SMA2 crosses above Resistance2[1]); def x = (close > trueqb); def c = (close[1] < trueqb[1]); def v = (close[2] < trueqb[2]); def b = x and (c or v); def y = (close > trueqs); def w = (close[1] < trueqs[1]); def e = (close[2] < trueqs[2]); def r = y and (w or e); def allbreakdown = lower_close1 or lower_close2 or lower_close3; def allbreakup = (higher_close1 or higher_close2 or higher_close3); def allbreakup2 = (higher_close12 or higher_close22 or higher_close32); def anyres = resistance1 or resistance2 or resistance3; def ansup = support1 or support2 or support3; input BuyEntry2 = 1; input SellEntry2 = 1; def QB2 = Highest(high, BuyEntry2); def QS2 = Lowest(low, SellEntry2); plot trueqb2 = QB2[1]; trueqb2.SetDefaultColor(GetColor(27)); plot trueqs2 = QS2[1]; trueqs2.SetDefaultColor(GetColor(27)); plot midline2 = (trueqb2 + trueqs2)/2; def goodcandle = (high - close) < (hl2 - low); def goodsellcandle = (close - low) < (high - hl2); def goodcandle2 = ((close - open)/(high - low)) > .82; def allbreaku = (allbreakup2 and goodcandle2); def goldenbuy = (allbreakup or allbreaku or allbreakup[1]); def goldenshort = (allbreakdown) and (((low) < trueqs2) or (close crosses below midline2)); plot goldenbuytesting = goldenbuy and (buy4 or optiondos) and (goodcandle); goldenbuytesting.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); goldenbuytesting.SetDefaultColor(GetColor(34)); plot goldenshorttesting = goldenshort and (sell4) and (goodsellcandle); goldenshorttesting.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN); goldenshorttesting.SetDefaultColor(GetColor(39)); def resistancebounce = (high[1] >= resistance1[1]) and (close < low[1]); plot supportbounce = (low[1] <= support1[1]) and (close > midline2) and (low[1] < midline2);
there was wishes to have it trade more quickly off of the bottoms, the shorter lookback on this one should help get in earlier.
Not a great question but, does "trade the open of the candle" mean the first candle of the next trading day? Or the next immediate open candle?
any signals for you this morning
