QZ Trend (Crypto Edition) v1.1a: Donchian, EMA, ATR, Liquidity/FThe "QZ Trend (Crypto Edition)" is a rules-based trend-following breakout strategy for crypto spot or perpetual contracts, focusing on following trends, prioritizing risk control, seeking small losses and big wins, and trading only when advantageous.
Key mechanisms include:
- Market filters: Screen favorable conditions via ADX (trend strength), dollar volume (liquidity), funding fee windows, session/weekend restrictions, and spot-long-only settings.
- Signals & entries: Based on price position relative to EMA and EMA trends, combined with breaking Donchian channel extremes (with ATR ratio confirmation), plus single-position rules and post-exit cooldowns.
- Position sizing: Calculate positions by fixed risk percentage; initial stop-loss is ATR-based, complying with exchange min/max lot requirements.
- Exits & risk management: Include initial stop-loss, trailing stop (tightens only), break-even rule (stop moves to entry when target floating profit is hit), time-based exit, and post-exit cooldowns.
- Pyramiding: Add positions only when profitable with favorable momentum, requiring ATR-based spacing; add size is a fraction of the base position, with layers sharing stop logic but having unique order IDs.
Charts display EMA, Donchian channels, current stop lines, and highlight low ADX, avoidable funding windows, and low-liquidity periods.
Recommend starting with 4H or 1D timeframes, with typical parameters varying by cycle. Liquidity settings differ by token; perpetuals should enable funding window filters, while spot requires "long-only" and matching fees. The strategy performs well in trends with quick stop-losses but faces whipsaws in ranges (filters mitigate but don’t eliminate noise). Share your symbol and timeframe for tailored parameters.
Bandas e Canais
Triple-EMA Cloud (3× configurable EMAs + timeframe + fill)About This Script
Name: Triple-EMA Cloud (3× configurable EMAs + timeframe + fill)
What it does:
The script plots three Exponential Moving Averages (EMAs) on your chart.
You can set each EMA’s length (how many bars or days it averages over), source (for example, closing price, opening price, or the midpoint of high + low), and timeframe (you can have one EMA use daily data, another hourly data, etc.).
The indicator draws a “cloud” or channel by shading the area between the outermost two EMAs of the three. This lets you see a band or zone that the price is moving in, defined by those EMAs.
You also get full control over how each of the three EMA‐lines looks: color, thickness, transparency, and plot style (solid line, steps, circles, etc.).
How to Use It (for Beginners)
Here’s how a trader who’s new to charts can use this tool, especially when looking for pullbacks or undercut price action.
Key Concepts
Trend: Imagine the market price is generally going up or down. EMAs are a way to smooth out price movements so you can see the trend more clearly.
Pullback: When a price has been going up (an uptrend), sometimes it dips down a little before going up again. That dip is the pullback. It’s a chance to enter or add to a position at a “better price.”
Undercut: This is when price drops below an important level (for example an EMA) and then comes back up. It looks like it broke below, but then it recovers. That may show reverse pressure or strength building.
How the Script Helps With Pullbacks & Undercuts
Marking Trend Zones with the Cloud
The cloud between the outer EMA lines gives you a zone of expected support/resistance. If the price is above the cloud, that zone can act like a “floor” in uptrends; if it is below, the cloud might act like a “ceiling” in downtrends.
Watching Price vs the EMAs
If the price pulls back toward the cloud (or toward one of the EMAs) and then bounces back up, that’s a signal that the uptrend might continue.
If the price undercuts (goes a bit below) one of the EMAs or the cloud and then returns above it, that can also be a signal. It suggests that even though there was a temporary drop, buyers stepped in.
Using the Three EMAs for Confirmation
Because the script uses three EMAs, you can see how tightly or loosely they are spaced.
If all three EMAs are broadly aligned (for example, in an uptrend: shorter length above longer length, each pulling from reliable price source), that gives more confidence in trend strength.
If the middle EMA (or different source/timeframe) is holding up as support while others are above, it strengthens signal.
Entry & Exit Points
Entry: For example, after a pullback toward the cloud or “mid‐EMA”, wait for price to show a bounce up. That could be a better entry than buying at the top.
Stop Loss / Risk: You might place a stop loss just below the cloud or the lowest of your selected EMAs so that if price breaks through, the idea is invalidated.
Profit Target: Could be a recent high, resistance level, or a fixed reward-risk multiple (for example aiming to make twice what you risked).
Practical Steps for New Traders
Set up the EMAs
Choose simple lengths like 10, 21, 50.
For example, EMA #1 = length 10, source Close, timeframe “current chart”; EMA #2 = length 21, source (H+L)/2; EMA #3 = length 50, maybe timeframe daily.
Observe the Price Action
When price moves up, then dips, see if it comes back near the shaded cloud or one of the EMAs.
See if the dip touches the EMAs lightly (not a big drop) and then price starts climbing again.
Look for undercuts
If price briefly goes below a line (or below cloud) and then closes back above, that’s undercut + recovery. That bounce back is often meaningful.
Manage risk
Only put in money you can afford to lose.
Use small position size until you get comfortable.
Use stop-loss (as mentioned) in case the price doesn’t bounce as expected.
Practice
Put this indicator on charts (stocks you follow) in past time periods. See how price behaved with pullbacks / undercuts relative to the EMAs & cloud. This helps you learn to see signals.
What It Doesn’t Do (and What to Be Careful Of)
It doesn’t predict the future — it simply shows zones and trends. Price can still break down through the cloud.
In a “choppy” market (i.e. when price is going up and down without a clear trend), signals from EMAs / clouds are less reliable. You’ll get more “false bounces.”
Under / overshoots & big news events can break through clean levels, so always watch for confirmation (volume, price behavior) before putting big money in.
MGY Smart Fibonacci ProMGY Smart Fibonacci Pro Indicator
Overview:
MGY Smart Fibonacci Pro is an advanced multi-timeframe Fibonacci indicator that automatically adapts to your current chart timeframe. It intelligently displays the most relevant Fibonacci retracement levels based on the higher timeframes, providing traders with dynamic support and resistance levels.
Multi-Level EnvelopeMulti-Level Envelope
Features of this indicator:
5 different levels of Envelope bands
Separate input field for each level to set the percentage deviation value
Different colors for each level to easily distinguish between them
Thick baseline in the middle for the moving average
RSI Breakout/Breakdown vs Highest/Lowest(N)RSI Breakout/Breakdown vs Highest/Lowest(N)
موشر rsi
RSI Breakout/Breakdown vs Highest/Lowest (N) Bars
This TradingView indicator compares the current RSI value with the highest and lowest RSI values over the past N bars (excluding the current bar).
Breakout (RSI↑):
A green upward triangle is plotted below the bar when the RSI closes above the highest RSI value of the previous N bars.
→ This signals momentum strength and a potential bullish breakout.
Breakdown (RSI↓):
A red downward triangle is plotted above the bar when the RSI closes below the lowest RSI value of the previous N bars.
→ This signals momentum weakness and a potential bearish breakdown.
Alerts:
The script includes two separate alerts:
RSI Breakout Alert → triggers when RSI closes above the highest N-bar value.
RSI Breakdown Alert → triggers when RSI closes below the lowest N-bar value.
Inputs:
RSI Length → Default is 14.
Lookback Bars (N) → Default is 100 (can be adjusted).
Source → Default is Close price.
This indicator works on any timeframe (hourly, daily, etc.). The logic triggers only once per bar close to avoid false signals during live bar formation.
Risk controlRisk control.
The indicator displays lines at a distance of % from the current price specified in the parameters. This risk is taken as 100% of the volume. Additionally, the max/min of the visible part of the chart is determined. The distance from the current price to the min/max is calculated in % and the ratio of the risk specified in the parameters to the risk to the min/max is displayed in 10% increments. The indicator is calculated based on the visible part of the chart on the screen. The direction of visualization depends on the visible part of the chart: if the opening price of the first candle is > the current price, visualization is from the minimum, otherwise from the maximum.
Required parameters: risk in %.
Visualization: line offset to the left/right, line color and thickness. Additional: table of 3 cells (background, font size and color).
Volatility Monitor [HTF/LTF Maki]The way to set a buying and selling rule base on EMA in Multi Time Frame
Simple Enhanced MMAThe Enhanced MMA (Multi-Moving Average) Ribbon System
This is a comprehensive trend-following indicator that displays 28 moving averages simultaneously, creating a "ribbon" effect that reveals market structure at a glance. Think of it as a heat map of price momentum across multiple timeframes.
Key Components:
1. The Ribbon Structure:
Fast MAs (2-18): React quickly to price changes - for scalping and short-term momentum
Medium MAs (20-50): Core trend indicators - the "backbone" of the trend
Slow MAs (55-100): Long-term trend and major support/resistance levels
2. Visual Intelligence:
Green lines: MA is rising (bullish momentum)
Red lines: MA is falling (bearish momentum)
Yellow lines: Key levels at MA20 and MA50 (institutional favorites)
Cloud shading: Shows the relationship between MA20/50 - green cloud = bull market, red = bear market
How to Read It:
Ribbon Expansion/Compression:
When MAs spread apart → Strong trending market
When MAs compress together → Consolidation, potential breakout coming
When all MAs align in order → Powerful trend in progress
Trading Signals:
BUY signal: MA20 crosses above MA50 (Golden Cross)
SELL signal: MA20 crosses below MA50 (Death Cross)
Trend label: Shows overall market bias
Best Use Cases:
Trend confirmation - When all MAs are green and spreading = strong uptrend
Support/Resistance - MAs act as dynamic support in uptrends, resistance in downtrends
Entry timing - Wait for price to pull back to the ribbon in a trend
Trend exhaustion - When fast MAs start changing color while slow ones haven't = potential reversal
The Power of This Indicator:
It's like having 28 trend advisors all voting on market direction. When they all agree (all green or all red), you have high conviction. When they're mixed, the market is in transition. The ribbon literally shows you the "flow" of the market - you can see momentum ripple through the timeframes like a wave.
Pro tip: The most powerful moves happen when the ribbon goes from completely compressed (all MAs bunched together) to rapidly expanding in one direction - that's when big trends are born!
HUll Dynamic BandEducational Hull Moving Average Wave Analysis Tool
**MARS** is an innovative educational indicator that combines multiple Hull Moving Average timeframes to create a comprehensive wave analysis system, similar in concept to Ichimoku Cloud but with enhanced smoothness and responsiveness.
---
🎯 Key Features
**Triple Wave System**
- **Peak Wave (34-period)**: Fast momentum signals, similar to Ichimoku's Conversion Line
- **Primary Wave (89-period)**: Main trend identification with retest detection
- **Swell Wave (178-period)**: Long-term trend context and major wave analysis
**Visual Wave Analysis**
- **Wave Power Fill**: Dynamic area between primary and swell waves showing trend strength
- **Peak Power Fill**: Short-term momentum visualization
- **Smooth Curves**: Hull MA-based calculations provide cleaner signals than traditional moving averages
**Intelligent Signal System**
- **Trend Shift Signals**: Clear visual markers when trend changes occur
- **Retest Detection**: Identifies potential retest opportunities with specific conditions
- **Correction Alerts**: Early warning signals for market corrections
---
📊 How It Works
The indicator uses **Hull Moving Averages** with **Fibonacci-based periods** (34, 89, 178) and a **Golden Ratio multiplier (1.64)** to create natural market rhythm analysis.
**Key Signal Types:**
- 🔵 **Circles**: Major trend shifts (primary wave crossovers)
- 💎 **Diamonds**: Retest opportunities with multi-wave confirmation
- ❌ **X-marks**: Correction signals and structural breaks
- 🌊 **Wave Fills**: Visual trend strength and direction
---
🎓 Educational Purpose
This indicator demonstrates:
- Advanced moving average techniques using Hull MA
- Multi-timeframe analysis in a single view
- Wave theory application in technical analysis
- Dynamic support/resistance concept visualization
**Similar to Ichimoku but Different:**
- Ichimoku uses price-based calculations → Angular cloud shapes
- MARS uses weighted averages → Smooth, flowing wave patterns
- Both identify trend direction, but MARS offers faster signals with cleaner visualization
---
⚙️ Customizable Settings
- **Wave Periods**: Adjust primary wave length (default: 89)
- **Multipliers**: Fine-tune wave sensitivity (default: 1.64 Golden Ratio)
- **Visual Style**: Customize line widths and signal displays
- **Peak Analysis**: Independent fast signal system (default: 34)
---
🔍 Usage Tips
1. **Trend Identification**: Watch wave fill colors and line positions
2. **Entry Timing**: Look for retest diamonds after trend shift circles
3. **Risk Management**: Use wave boundaries as dynamic support/resistance
4. **Confirmation**: Combine with price action and market structure analysis
---
⚠️ Important Notes
- **Educational Tool**: Designed for learning wave analysis concepts
- **Not Financial Advice**: Always use proper risk management
- **Backtesting Recommended**: Test on historical data before live trading
- **Combine with Analysis**: Works best with additional confirmation methods
---
🚀 Innovation
MARS represents a unique approach to wave analysis by:
- Combining Hull MA smoothness with Ichimoku-style visualization
- Providing multi-timeframe analysis without chart clutter
- Offering retest detection with specific wave conditions
- Creating an educational bridge between different analytical methods
---
*This indicator is shared for educational purposes to help traders understand advanced moving average techniques and wave analysis concepts. Always practice proper risk management and combine with your own analysis.*
MA//@version=5
indicator("MA20 và EMA9", overlay=true)
// === Input tham số ===
lengthMA = input.int(20, "Độ dài MA", minval=1)
lengthEMA = input.int(9, "Độ dài EMA", minval=1)
// === Tính toán đường trung bình ===
ma20 = ta.sma(close, lengthMA) // Simple Moving Average 20
ema9 = ta.ema(close, lengthEMA) // Exponential Moving Average 9
// === Vẽ ra biểu đồ ===
plot(ma20, color=color.red, linewidth=2, title="MA20")
plot(ema9, color=color.blue, linewidth=2, title="EMA9")
Thần Tiên / Hạ Phàm (MTF)🔔 Thần Tiên / Hạ Phàm (MTF) Indicator – modified & optimized for real trading practice.
✅ For educational and reference purposes only – not financial advice.
📩 To get the optimized settings & detailed trading strategy, contact me on Telegram: @NDucnhan79
CTS-StochasticThis Pine Script code defines a custom technical indicator for the TradingView platform called "CTS-Stochastic Complete". It calculates and displays a standard stochastic oscillator and generates trading signals based on unconventional crossover logic.
Here is a breakdown of its functionality:
Core Functionality
The script calculates the Stochastic Oscillator, a momentum indicator that compares a particular closing price of an asset to a range of its prices over a certain period of time. It consists of two lines:
%K Line: The main stochastic line, calculated and then smoothed.
%D Line: A moving average of the %K line, acting as a signal line.
These two lines oscillate between 0 and 100.
Key Sections of the Code:
Indicator Declaration:
indicator("CTS-Stochastic Complete", ... overlay=false): This line declares the script as an indicator that will be displayed in a separate panel below the main price chart.
User Inputs:
You can customize the indicator's parameters from the settings menu:
Stochastic Length: The lookback period for the stochastic calculation (default is 14).
%K Smoothing: The period for smoothing the raw stochastic to create the %K line (default is 3).
%D Smoothing: The period for the moving average of the %K line to create the %D line (default is 3).
Upper Band: The threshold for the overbought level (default is 65).
Lower Band: The threshold for the oversold level (default is 35).
Plotting:
It plots the %K line in blue and the %D line in orange.
It draws two horizontal lines: a red "Upper Band" for the overbought level and a green "Lower Band" for the oversold level.
Signal Logic and Visualization:
Buy Signal: A green triangle pointing up appears at the top of the indicator window when the blue %K line crosses above the red overBought line.
Sell Signal: A red triangle pointing down appears at the bottom of the indicator window when the blue %K line crosses below the green underSold line.
Note: The signal logic is unconventional. Typically, a buy signal is generated when the stochastic crosses up from the oversold area, and a sell signal occurs when it crosses down from the overbought area. This script's logic is reversed from the traditional interpretation.
Alerts:
The script includes alertcondition functions that allow you to create server-side alerts in TradingView. You can set up notifications for when a "Buy Signal" or "Sell Signal" occurs based on the logic described above.
Premarket Hi/Lo + Prior Day O/C LevelsPremarket Hi/Lo + Prior Day O/C (today only) shows four clear reference levels for the current regular trading session: the Premarket High and Premarket Low (taken from a user-defined premarket window, 04:00–09:30 by default) and Yesterday’s 09:30 Open and 15:59 Close (sourced from the 1-minute feed for accuracy). The premarket levels “lock” at the opening bell so they don’t move for the rest of the day. All four lines are displayed only during today’s regular hours to keep the chart focused. Small right-edge labels and an optional top-right mini-table show the exact values at a glance.
This indicator is designed to give immediate context without technical jargon. The premarket high/low summarize where price traveled before the bell; the prior-day open/close summarize where the last session began and ended. Checking whether price is above or below these markers helps you quickly judge strength or weakness and anticipate where price may pause, bounce, or break. Typical uses include watching for a clean break and hold above Premarket High (often bullish), a break and hold below Premarket Low (often bearish), drift back toward Prior Day Close after a gap (a common “magnet”), and flips around Prior Day Open that can lead to continuation.
Setup: Turn on Extended Hours in TradingView so premarket bars are visible (Chart Settings → Symbol → Extended Hours). Apply the indicator to any intraday timeframe. In Inputs, you can change the premarket window to match your market, adjust colors and line widths, and toggle the floating labels and the mini-table. Times use the chart’s exchange time (for US stocks, Eastern Time).
Notes and limits: Lines show only for today’s session (default 09:30–16:00). The script looks at the previous calendar day for “prior day,” so values may be empty after weekends or holidays when markets were closed. If your instrument uses different regular hours or you trade futures/crypto, adjust the premarket session in Inputs and—if needed—edit the regular-hours window in code to match. If your data source does not include premarket, the premarket lines will be blank.
Best practice: The first 15–30 minutes after the open are where these levels have the most impact. Reactions are more meaningful when a line aligns with another tool you use (e.g., VWAP or your opening range). If price does not react clearly at a line, avoid forcing a trade.
kaka 谈趋势The Exponential Moving Average (EMA) strategy is a popular technical analysis tool used in trading to smooth price data over a specific time period. The EMA gives more weight to recent prices, making it more responsive to recent price changes compared to the Simple Moving Average (SMA).
3 Velas alejadas de EMA4 (1m) — Reversiónes una script de ema de 4 que sube o baja asdasdasdadadasdasdadasd
Trend Analyzer v0.6Trend Analyzer EMA Only v0.6
Simple yet powerful EMA trend analysis with multi-timeframe support!
Overview:
This comprehensive indicator focuses on EMA-based trend analysis with clean visual presentation. It provides clear BUY/SELL signals, trend tracking with unique IDs, peak detection, and multi-timeframe analysis across M15, M30, and H1 timeframes.
Key Features:
✅ EMA Trend Analysis - Fast and Slow EMA crossover signals
✅ Trend Tracking - Unique trend IDs with start/end markers
✅ Peak Detection - Automatic peak identification during trends
✅ Multi-Timeframe - Analysis across M15, M30, and H1 timeframes
✅ Visual Clarity - Dotted lines connecting labels to candles
✅ Statistics - BUY/SELL count and average trend length
How It Works:
The indicator calculates signal strength using weighted analysis:
• MACD (50%) - Primary trend momentum
• RSI (30%) - Overbought/oversold conditions
• Volume (20%) - Volume confirmation
Signal Logic:
• BUY - Fast EMA crosses above Slow EMA + both slopes positive
• SELL - Fast EMA crosses below Slow EMA + both slopes negative
• NEUTRAL - EMAs too close (below threshold)
Visual Elements:
• 🟢 BUY - Green label with trend ID
• 🔴 SELL - Red label with trend ID
• ⚪ NEUTRAL - Gray label with trend ID
• 🟡 PEAK - Yellow label marking trend extremes
• ⚫ END - Gray label marking trend end
Information Table:
Real-time display showing:
• Current Timeframe trend state
• Multi-Timeframe analysis (M15, M30, H1)
• PEAK Labels status
• Offset Type configuration
• Trend Strength percentage
• Statistics (BUY/SELL count, average trend length)
Settings:
• Fast EMA Length - 9 (default)
• Slow EMA Length - 21 (default)
• Min Trend Bars - 3 (filters short trends)
• Label Offset Type - ATR, % of price, or Dynamic
• Show PEAK Labels - On/Off toggle
Best Practices:
🎯 Works best in trending markets
📊 Use as overlay on main chart
⚡ Combine with price action analysis
🛡️ Always use proper risk management
Pro Tips:
• Green background = Strong uptrend, Red background = Strong downtrend
• Watch for trend change arrows for early reversal signals
• Use the information table for quick market assessment
• Monitor trend statistics for market behavior insights
Alerts:
• BUY Alert - "BUY signal detected"
• SELL Alert - "SELL signal detected"
Version 0.6 Improvements:
• Optimized performance
• Enhanced visual clarity
• Improved multi-timeframe analysis
• Refined trend detection algorithms
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Trend Analyzer MACD EnhancedTrend Analyzer MACD Enhanced
Advanced trend analysis with MACD, RSI, Volume and Divergence detection!
Overview
This comprehensive indicator combines multiple technical analysis tools into one powerful visualization. It features dynamic background coloring, real-time signal strength calculation, and automatic divergence detection for complete market analysis.
Key Features
✅ Multi-Indicator Analysis- MACD, RSI, and Volume in one indicator
✅ Divergence Detection - Automatic bullish and bearish divergence identification
✅ Dynamic Background - Color-coded trend zones with smooth transitions
✅ Signal Strength - Weighted calculation showing overall market sentiment (0-100%)
✅ Trend Change Detection - Visual markers for trend reversals
✅ Information Table - Real-time status of all indicators
How It Works
The indicator calculates signal strength using weighted analysis:
- MACD (50%) - Primary trend momentum
- RSI (30%) - Overbought/oversold conditions
- Volume (20%) - Volume confirmation
Signal Strength Range: -100% to +100%
Visual Elements
Background Colors:
- 🟢 **Green** - Uptrend (intensity based on signal strength)
- 🔴 **Red** - Downtrend (intensity based on signal strength)
- ⚪ **Gray** - Neutral/sideways market
Trend Markers:
- 🔺 **Green Triangle Up** - Start of new uptrend
- 🔻 **Red Triangle Down** - Start of new downtrend
- 📏 **Vertical Lines** - Trend change confirmation
Information Table
Real-time display showing:
- Trend - Current trend state with color coding
- MACD - Direction and crossover status
- RSI - Level and overbought/oversold status
- Volume - Level and trend direction
- Divergence - Current divergence status
- Signal Strength - Overall percentage
Alerts
Built-in alerts for:
- Strong Buy/Sell Signals - High probability setups
- Divergence Signals - Early reversal warnings
Settings
MACD:Fast (12), Slow (26), Signal (9)
RSI:Length (14), Overbought (70), Oversold (30)
Volume:MA Length (20), Threshold (1.5x)
Display:Toggle RSI, Volume, and Table visibility
Best Practices
🎯 Works best in trending markets
📊 Use in separate window below main chart
⚡ Combine with price action analysis
🛡️ Always use proper risk management
Pro Tips
- Green background = Strong uptrend, Red background = Strong downtrend
- Signal strength > 50% = Very bullish, < -50% = Very bearish
- Watch for divergence signals for early reversal warnings
- Use the information table for quick market assessment
---
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Ohm Horizontal line//@version=5
indicator("Ohm Horizontal line", overlay=true)
// Input parameters
atrPeriod = input.int(14, "ATR Period", minval=1)
atrMultiplier = input.float(1.0, "ATR Multiplier", step=0.1)
numLevels = input.int(10, "Number of Levels (each side)", minval=1)
lineWidth = input.int(1, "Line Width", minval=1, maxval=4)
labelOffset = input.int(20, "Label Offset", minval=0)
// Calculate daily ATR
dailyAtr = request.security(syminfo.tickerid, "D", ta.atr(atrPeriod))
// Function to get rounded price based on ATR
getRoundedPrice(price, atrValue) =>
math.round(price / (atrValue * atrMultiplier)) * (atrValue * atrMultiplier)
// Calculate center price (current close rounded to nearest ATR multiple)
centerPrice = getRoundedPrice(close, dailyAtr)
// Create arrays for price levels
var float levels = array.new_float(2 * numLevels + 1)
var float midLevels = array.new_float(2 * numLevels)
// Update price levels
updateLevels() =>
array.set(levels, numLevels, centerPrice)
for i = 1 to numLevels
upperLevel = centerPrice + i * dailyAtr * atrMultiplier
lowerLevel = centerPrice - i * dailyAtr * atrMultiplier
array.set(levels, numLevels + i, upperLevel)
array.set(levels, numLevels - i, lowerLevel)
// Calculate mid levels
if i > 1
upperMid = (array.get(levels, numLevels + i) + array.get(levels, numLevels + i - 1)) / 2
lowerMid = (array.get(levels, numLevels - i) + array.get(levels, numLevels - i + 1)) / 2
array.set(midLevels, numLevels + i - 2, upperMid)
array.set(midLevels, numLevels - i + 1, lowerMid)
// Update levels on every bar
updateLevels()
// Plot horizontal lines and price labels
var line horizontalLines = array.new_line(2 * numLevels + 1)
var line midLines = array.new_line(2 * numLevels)
var label priceLabels = array.new_label(2 * numLevels + 1)
// Function to draw or update a line
drawLine(lineArray, index, y, color, width, style) =>
if na(array.get(lineArray, index))
array.set(lineArray, index, line.new(bar_index, y, bar_index + 1, y, color=color, width=width, style=style, extend=extend.both))
else
line.set_xy1(array.get(lineArray, index), bar_index, y)
line.set_xy2(array.get(lineArray, index), bar_index + 1, y)
line.set_color(array.get(lineArray, index), color)
line.set_width(array.get(lineArray, index), width)
line.set_style(array.get(lineArray, index), style)
// Draw main levels
for i = 0 to 2 * numLevels
level = array.get(levels, i)
lineColor = i == numLevels ? color.yellow : (i > numLevels ? color.green : color.red)
drawLine(horizontalLines, i, level, lineColor, lineWidth, line.style_solid)
if na(array.get(priceLabels, i))
array.set(priceLabels, i, label.new(bar_index + labelOffset, level, str.tostring(level, format.mintick), color=color.new(color.black, 100), textcolor=lineColor, style=label.style_none, size=size.small))
else
label.set_xy(array.get(priceLabels, i), bar_index + labelOffset, level)
label.set_text(array.get(priceLabels, i), str.tostring(level, format.mintick))
label.set_textcolor(array.get(priceLabels, i), lineColor)
// Draw mid levels (without labels)
for i = 0 to 2 * numLevels - 1
midLevel = array.get(midLevels, i)
lineColor = i >= numLevels ? color.new(color.green, 50) : color.new(color.red, 50)
drawLine(midLines, i, midLevel, lineColor, 1, line.style_dashed)
// Display current ATR value
var label atrLabel = na
label.delete(atrLabel)
atrLabel := label.new(bar_index , high, text="ATR: " + str.tostring(dailyAtr, "#.##"), color=color.new(color.blue, 0), textcolor=color.white, size=size.small)