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Toeron/cto_line.pine

Forked from basnijholt/cto_line.pine
Last active October 5, 2023 14:41
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Revisions

  1. Toeron revised this gist Dec 6, 2022. 1 changed file with 23 additions and 3 deletions.
    26 changes: 23 additions & 3 deletions cto_line.pine
    View file
    Original file line number Diff line number Diff line change
    @@ -1,5 +1,5 @@
    //@version=4
    study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="")
    study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="1440")
    smma(src, length) =>
    smma = 0.0
    smma := na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length
    @@ -11,7 +11,27 @@ v2 = smma(hl2, 29)
    p2 = v1<m1 != v1<v2 or m2<v2 != v1<v2
    p3 = not p2 and v1<v2
    p1 = not p2 and not p3
    c = p1 ? color.orange : p2 ? color.silver : color.navy
    c = p1 ? color.yellow : p2 ? color.silver : color.blue
    line1 = plot(v1, "Line 1", color=c)
    line2 = plot(v2, "Line 2", color=c)
    fill(line1, line2, color=c)
    fill(line1, line2, color=c)

    //add buy signal when color.silver turns to yellow
    cond1 = p2[1] and p1
    cond2 = p2 and p1
    g = cond1 ? color.yellow : cond2 ? color.yellow : na
    //plot(close, "Close", color=g, style=plot.style_circles, linewidth=2, transp=80)
    plotshape(cond1 or cond2, title="", style=shape.circle, size=size.small, location=location.abovebar, color=g, text="BUY")

    //add sell signal when color.silver turns to blue
    cond3 = p2[1] and p3
    cond4 = p2 and p3
    r = cond3 ? color.blue : cond4 ? color.blue : na
    //plot(close, "Close", color=r, style=plot.style_circles, linewidth=2, transp=80)
    plotshape(cond3 or cond4, title="", style=shape.circle, size=size.small, location=location.belowbar, color=r, text="SELL")

    //add bullish alert when color.silver turns to yellow
    alertcondition(cond1 or cond2, title='Golden Line Buy Alert', message='Golden Line Buy Alert')

    //add bearish alert when color.silver turns to blue
    alertcondition(cond3 or cond4, title='Golden Line Sell Alert', message='Golden Line Sell Alert')
  2. @tobia tobia revised this gist May 20, 2021. 1 changed file with 1 addition and 1 deletion.
    2 changes: 1 addition & 1 deletion cto_line.pine
    View file
    Original file line number Diff line number Diff line change
    @@ -1,5 +1,5 @@
    //@version=4
    study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="240")
    study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="")
    smma(src, length) =>
    smma = 0.0
    smma := na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length
  3. @tobia tobia created this gist May 19, 2021.
    17 changes: 17 additions & 0 deletions cto_line.pine
    View file
    Original file line number Diff line number Diff line change
    @@ -0,0 +1,17 @@
    //@version=4
    study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="240")
    smma(src, length) =>
    smma = 0.0
    smma := na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length
    smma
    v1 = smma(hl2, 15)
    m1 = smma(hl2, 19)
    m2 = smma(hl2, 25)
    v2 = smma(hl2, 29)
    p2 = v1<m1 != v1<v2 or m2<v2 != v1<v2
    p3 = not p2 and v1<v2
    p1 = not p2 and not p3
    c = p1 ? color.orange : p2 ? color.silver : color.navy
    line1 = plot(v1, "Line 1", color=c)
    line2 = plot(v2, "Line 2", color=c)
    fill(line1, line2, color=c)