ucsgears

UCS_TTM - Reversion Bands

Ok, Here we go - Version 1 of TTM Reversion Band goes live.

Link to TTM Reversion Band - http://www.tradethemarkets.com/products/...

Link to TTM Reversion Band Guide - http://kb.simplertrading.com/reversion-b...

John Carters Mastering the trade - http://www.amazon.com/Mastering-Trade-Se...
For the amount of information this has, the price tag is not hefty.

John's RTM Chapter Synopsis - http://www.tradethemarkets.com/public/ma...

What did I modify?

1. Automated the Daily + and Intraday settings. So Switching to intraday will change the setting automatically.

2. Added text callouts for RTM condition
a. John Carter's Indicator
b. Slope Based (my addition).


Future Improvement Planned.

1. Will Convert this into a system based on John's Indicator from TS .

2. Custom Options for Slope and MA setting for Trade filter.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Quer usar esse script no gráfico?
// Created by UCSgears
// Adopted from TTM Reversion Bands
// Added a little touch


study(title="UCS_TTM - Reversion Bands", shorttitle="UCS_TTM-RTM", overlay=true)

// Defining Timeframe and Parameters
a = isdwm ? 1 : 0
b = isintraday ? 1 : 0

// TTM - Revertion to the Mean Band - INPUTS
z = input(0, title = "Offset")
usesl = input(true, title = "RTM against Slope (UCSgears Addition)", type=bool)
length = a == 1 ? 13 : 25
atrlen = a == 1 ? 13 : 25
mult = a == 1 ? 1.5 : 2.5
range =  tr

// Calculations
ma = ema(close, length)
rangema = ema(range, atrlen)
upper = ma + rangema * mult
lower = ma - rangema * mult

// All Plots
plot(upper, color=purple, title="Upper Channel", offset = z)
plot(ma, color=red, title="Middle Line", offset = z)
plot(lower, color=purple, title="Lower Channel", offset = z)

//Slope Definition
slope = (ma - ma[5])/5

sh = highest(slope, 250)
sl = lowest(slope, 250)
sm = 0 /////////////////////////////////////////////////////////////////////////////////////////////////(sh+sl)/2

pup = slope > sm ? 1 : 0
ndn = slope < sm ? 1 : 0

plotshape(usesl ? pup : na, style = shape.triangleup, color = green, location = location.bottom, title = "Positive Slope", transp = 0)
plotshape(usesl ? ndn : na, style = shape.triangledown, color = red, location = location.top, title = "Negative Slope", transp = 0)

// Condition for Dots
dota = (high > upper) and (high < upper)[1] ? upper : na
dotb = (low  < lower) and (low  > lower)[1] ? lower : na
dotbsp = pup == 1 ? dotb : na
dotasn = ndn == 1 ? dota : na

plotshape(usesl ? dotasn : dota, style = shape.circle, location = location.abovebar, color = fuchsia, title = "RTM UP", text = "RTM - UP \n SHORT", textcolor = fuchsia, transp = 0)
plotshape(usesl ? dotbsp : dotb, style = shape.circle, location = location.belowbar, color = blue, title = "RTM Down", text = "RTM - DOWN \n LONG", textcolor = blue, transp = 0)

Ideias Relacionadas

Comentários

can i apply this for intraday?
Resposta
awesome!
Resposta
Is this script usable for Think or Swim?
Resposta
ucsgears eleutron298
yes,,,, with some modifications.
Resposta
I asked a question on another post ... the one with the one with the top and bottom candle identifier script. Do you mind having a look?
Resposta
ucsgears pcmourao
I did reply today. Please check back.
Resposta
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