Rain On Me is a technical indicator that started with a simple idea of bringing together a maximum of indicators that can perform together in a single indicator. Perfect for beginners who wish to improve their knowledge of the tools available to them in this indicator through their curiosity in addition to the explanations already provided and started trading on a demo account for example.
Rain On Me Indicator in action on Dow Jones Index.
Here is the complete list of indicators present in this indicator :
- ATR
- Parabolic SAR
- RSI Divergences
- Ichimoku Cloud
- Bollinger
- MA Cross
- Trendline
- Fibonacci
All indicators have their original default settings. You need to be able to readjust them depending on the market instrument you want to analyze. You have the possibility to put alerts which will notify you when an indicator gives a new signal. When placing an alert, be sure to choose the “once per bar” option each time you place an alert.
Or copy / paste the source code into your pine editor :
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © RickSimpson
//@version=4
study(title="Rain On Me Indicator", shorttitle='ROM', overlay=true, max_bars_back=300)
//Inputs
showbs = input(defval=true, title="Show Buy/Sell Labels?")
showpsar = input(defval=false, title="Show PSAR Labels?")
showdivs2 = input(defval=true, title="Show RSI Divergences?")
showichi = input(defval=true, title="Show Ichimoku?")
showbb = input(defval=false, title="Show Bollinger?")
showtrline = input(defval=true, title="Show Trendline?")
showfib = input(defval=true, title="Show Fibonacci?")
//Divergances
//Settings
rsilenght = 14
smoothing = 3
rsi = rsi(close, rsilenght)
smoothedrsi = ema(rsi, smoothing)
sltype = ("SMA LinReg")
sllength = 21
x = bar_index
y = rsi
x_ = sma(x, sllength)
y_ = sma(y, sllength)
px = stdev(x, sllength)
py = stdev(y, sllength)
c = correlation(x, y, sllength)
slope = c * (py / px)
inter = y_ - slope * x_
sl = x * slope + inter
sl1 = sl
divinput0 = close
divinput1 = smoothedrsi
divinput2 = sl
//Calculation
f_top_fractal(_close) =>
_close[4] < _close[2] and _close[3] < _close[2] and _close[2] > _close[1] and
_close[2] > _close[0]
f_bot_fractal(_close) =>
_close[4] > _close[2] and _close[3] > _close[2] and _close[2] < _close[1] and
_close[2] < _close[0]
f_fractalize(_close) =>
f_bot_fractal__1 = f_bot_fractal(_close)
f_top_fractal(_close) ? 1 : f_bot_fractal__1 ? -1 : 0
fractal_top2 = f_fractalize(divinput2) > 0 ? divinput2[2] : na
fractal_bot2 = f_fractalize(divinput2) < 0 ? divinput2[2] : na
high_prev2 = valuewhen(fractal_top2, divinput2[2], 0)[2]
high_price2 = valuewhen(fractal_top2, high[2], 0)[2]
low_prev2 = valuewhen(fractal_bot2, divinput2[2], 0)[2]
low_price2 = valuewhen(fractal_bot2, low[2], 0)[2]
bearish_div2 = fractal_top2 and high[2] > high_price2 and divinput2[2] < high_prev2
bullish_div2 = fractal_bot2 and low[2] < low_price2 and divinput2[2] > low_prev2
col3 = showdivs2 and bearish_div2 ? #FA0000FA : na
col4 = showdivs2 and bullish_div2 ? #00FF00FA : na
//Plotting
plot(title="Bearish Divergence", series=(showdivs2 and fractal_top2) ? high[2] : na, color=col3, linewidth=2, offset=0)
plot(title="Bullish Divergence", series=(showdivs2 and fractal_bot2) ? low[2] : na, color=col4, linewidth=2, offset=0)
//Alerts
alertcondition(bearish_div2, title="Bearish Divergence", message='Bearish Divergence')
alertcondition(bullish_div2, title="Bullish Divergence", message='Bullish Divergence')
//ATR
//Inputs
atrper = input(defval=14, title="ATR Period")
atrmult = input(defval=2, title="ATR Multiplier", type=input.float, minval=0.5, maxval=100, step=0.1)
//Settings
emasrc = hlc3
emalen = 200
useemacond = false
emaline = ema(emasrc, emalen)
ratr = atr(atrper)
nl = atrmult * ratr
//Calculation
ratrts = float(na)
ratrts := iff(close > nz(ratrts[1], 0) and close[1] > nz(ratrts[1], 0), max(nz(ratrts[1]), close - nl), iff(close < nz(ratrts[1], 0) and close[1] < nz(ratrts[1], 0), min(nz(ratrts[1]), close + nl), iff(close > nz(ratrts[1], 0), close - nl, close + nl)))
indir = int(na)
indir := iff(close[1] < nz(ratrts[1], 0) and close > nz(ratrts[1], 0), 1, iff(close[1] > nz(ratrts[1], 0) and close < nz(ratrts[1], 0) and (useemacond ? close < emaline : true), -1, nz(indir[1], 0)))
posbear = false
posbear := nz(posbear[1], false)
posbull = false
posbull := nz(posbull[1], false)
sell = not posbear and indir == -1
buy = not posbull and indir == 1
if sell
posbull := false
posbear := true
posbear
if buy
posbull := true
posbear := false
posbear
//Plotting
plotshape(showbs ? sell : na, title="Sell", style=shape.labeldown, location=location.abovebar, size=size.tiny, text="SELL", textcolor=color.white, color=color.red, transp=0)
plotshape(showbs ? buy : na, title="Buy", style=shape.labelup, location=location.belowbar, size=size.tiny, text="BUY", textcolor=color.white, color=color.green, transp=0)
//Alerts
alertcondition(sell, title="Sell", message='Sell')
alertcondition(buy, title="Buy", message='Buy')
//Parabolic SAR
//Inputs
start = input(defval=0.02, title="PSAR Start", step=0.001)
increment = input(defval=0.02, title="PSAR Increment", step=0.001)
maximum = input(defval=0.2, title="PSAR Maximum", step=0.01)
//Settings
useema = false
slowemalength = 1
fastemalength = 1
psartrend = sar(start, increment, maximum)
ema = ema(close, slowemalength)
fastema = ema(close, fastemalength)
rsi2 = rsi(close, 14)
//Calculation
psarup = high[1] < psartrend[2] and high >= psartrend[1] and close > ema and fastema > ema and
useema or not useema and high[1] < psartrend[2] and high >= psartrend[1] or
useema and crossover(fastema[2], ema[2]) and fastema > ema and close > psartrend
psardown = low[1] > psartrend[2] and low <= psartrend[1] and close < ema and fastema < ema and useema or
not useema and low[1] > psartrend[2] and low <= psartrend[1] or
useema and crossunder(fastema[2], ema[2]) and rsi2 > 30 and fastema < ema and
close < psartrend
//Plotting
plot(cross(fastema, ema) ? fastema : na, style=plot.style_cross, linewidth=4, color=ema > fastema ? color.red : color.green, transp=useema ? 10 : 100, editable=true)
plotshape(showpsar ? psardown : na, title="PSAR Down", text="PSAR", style=shape.labeldown, location=location.abovebar, color=color.red, size=size.tiny, textcolor=color.white, transp=0)
plotshape(showpsar ? psarup : na, title="PSAR Up", text="PSAR", style=shape.labelup, location=location.belowbar, color=color.green, size=size.tiny, textcolor=color.white, transp=0)
//Alerts
alertcondition(psardown, title="PSAR Down", message='PSAR Down')
alertcondition(psarup, title="PSAR Up", message='PSAR Up')
//Moving Average
//Inputs
maperiods1 = input(defval=7, title="WMA 1")
maperiods2 = input(defval=21, title="WMA 2")
maperiods3 = input(defval=50, title="SMA")
hidema1 = input(defval=false, title="Hide WMA 1")
hidema2 = input(defval=false, title="Hide WMA 2")
hidema3 = input(defval=true, title="Hide SMA")
//Settings
color_1 = color.new(color.black, 100)
ma1color = hidema1 ? color_1 : color.new(color.blue, 0)
color_2 = color.new(color.black, 100)
ma2color = hidema2 ? color_2 : color.new(color.orange, 0)
color_3 = color.new(color.black, 100)
ma3color = hidema3 ? color_3 : color.new(color.purple, 0)
//Calculation
ma1 = wma(close, maperiods1)
ma2 = wma(close, maperiods2)
ma3 = sma(close, maperiods3)
//Plotting
plot(ma1, title="WMA 1", color=ma1color, linewidth=2)
plot(ma2, title="WMA 2", color=ma2color, linewidth=2)
plot(ma3, title="SMA", color=ma3color, linewidth=2)
//Alerts
alertcondition(crossover(ma1, ma2) or crossunder(ma1, ma2), title="WMA1 and WMA2 Cross", message='WMA1 and WMA2 Cross')
//Fibonacci (Original Code Author @ QuantNomad - Ultimate Pivot Points Alerts at https://www.tradingview.com/script/l53FXt9D-QuantNomad-Ultimate-Pivot-Points-Alerts/)
//Settings
is_newbar(res) =>
ch = 0
if(res == 'Y')
t = year(time('D'))
ch := change(t) != 0 ? 1 : 0
else
t = time(res)
ch := change(t) != 0 ? 1 : 0
ch
nround(x) =>
n = round(x / syminfo.mintick) * syminfo.mintick
RoundToTick(_price) => round(_price / syminfo.mintick) * syminfo.mintick
//Inputs
pp_period = input(defval="Day", title="Fibonacci Period", type=input.string, options=['Day','Week','Month','Year'])
//Constants
pp_type = "Fibonacci"
show_historical_levels = false
show_level_value = true
//Calculation
pp_res = pp_period == 'Day' ? 'D' : pp_period == 'Week' ? 'W' : pp_period == 'Month' ? 'M' : 'Y'
open_cur = 0.0
open_cur := is_newbar(pp_res) ? open : open_cur[1]
popen = 0.0
popen := is_newbar(pp_res) ? open_cur[1] : popen[1]
high_cur = 0.0
high_cur := is_newbar(pp_res) ? high : max(high_cur[1], high)
phigh = 0.0
phigh := is_newbar(pp_res) ? high_cur[1] : phigh[1]
low_cur = 0.0
low_cur := is_newbar(pp_res) ? low : min(low_cur[1], low)
plow = 0.0
plow := is_newbar(pp_res) ? low_cur[1] : plow[1]
pclose = 0.0
pclose := is_newbar(pp_res) ? close[1] : pclose[1]
//Pivots
PP = 0.0
R1 = 0.0, R2 = 0.0, R3 = 0.0, R4 = 0.0, R5 = 0.0, R6 = 0.0, R7 = 0.0, R8 = 0.0, R9 = 0.0, R10 = 0.0
S1 = 0.0, S2 = 0.0, S3 = 0.0, S4 = 0.0, S5 = 0.0, S6 = 0.0, S7 = 0.0, S8 = 0.0, S9 = 0.0, S10 = 0.0
if (pp_type == "Fibonacci")
PP := (phigh + plow + pclose) / 3
R1 := PP + (phigh - plow) * 0.235
S1 := PP - (phigh - plow) * 0.235
R2 := PP + (phigh - plow) * 0.382
S2 := PP - (phigh - plow) * 0.382
R3 := PP + (phigh - plow) * 0.5
S3 := PP - (phigh - plow) * 0.5
R4 := PP + (phigh - plow) * 0.618
S4 := PP - (phigh - plow) * 0.618
R5 := PP + (phigh - plow) * 0.728
S5 := PP - (phigh - plow) * 0.728
R6 := PP + (phigh - plow) * 1.000
S6 := PP - (phigh - plow) * 1.000
R7 := PP + (phigh - plow) * 1.235
S7 := PP - (phigh - plow) * 1.235
R8 := PP + (phigh - plow) * 1.328
S8 := PP - (phigh - plow) * 1.328
R9 := PP + (phigh - plow) * 1.5
S9 := PP - (phigh - plow) * 1.5
R10 := PP + (phigh - plow) * 1.618
S10 := PP - (phigh - plow) * 1.618
bars_sinse = 0
bars_sinse := is_newbar(pp_res) ? 0 : bars_sinse[1] + 1
//Plotting Pivots Levels
vpp_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], PP, bar_index, PP, color=color.gray, style = line.style_dashed, extend = extend.right) : na
vs1_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S1, bar_index, S1, color=color.red, style = line.style_solid, extend = extend.right) : na
vs2_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S2, bar_index, S2, color=color.red, style = line.style_solid, extend = extend.right) : na
vs3_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S3, bar_index, S3, color=color.red, style = line.style_solid, extend = extend.right) : na
vs4_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S4, bar_index, S4, color=color.red, style = line.style_solid, extend = extend.right) : na
vs5_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S5, bar_index, S5, color=color.red, style = line.style_solid, extend = extend.right) : na
vs6_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S6, bar_index, S6, color=color.red, style = line.style_solid, extend = extend.right) : na
vs7_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S7, bar_index, S7, color=color.red, style = line.style_solid, extend = extend.right) : na
vs8_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S8, bar_index, S8, color=color.red, style = line.style_solid, extend = extend.right) : na
vs9_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S9, bar_index, S9, color=color.red, style = line.style_solid, extend = extend.right) : na
vs10_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], S10, bar_index, S10, color=color.red, style = line.style_solid, extend = extend.right) : na
vr1_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R1, bar_index, R1, color=color.green, style = line.style_solid, extend = extend.right) : na
vr2_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R2, bar_index, R2, color=color.green, style = line.style_solid, extend = extend.right) : na
vr3_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R3, bar_index, R3, color=color.green, style = line.style_solid, extend = extend.right) : na
vr4_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R4, bar_index, R4, color=color.green, style = line.style_solid, extend = extend.right) : na
vr5_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R5, bar_index, R5, color=color.green, style = line.style_solid, extend = extend.right) : na
vr6_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R6, bar_index, R6, color=color.green, style = line.style_solid, extend = extend.right) : na
vr7_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R7, bar_index, R7, color=color.green, style = line.style_solid, extend = extend.right) : na
vr8_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R8, bar_index, R8, color=color.green, style = line.style_solid, extend = extend.right) : na
vr9_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R9, bar_index, R9, color=color.green, style = line.style_solid, extend = extend.right) : na
vr10_p = showfib ? line.new(bar_index[min(bars_sinse, 300)], R10, bar_index, R10, color=color.green, style = line.style_solid, extend = extend.right) : na
//Delete Previous Lines
if (not is_newbar(pp_res) or not show_historical_levels)
line.delete(vpp_p[1])
line.delete(vs1_p[1])
line.delete(vs2_p[1])
line.delete(vs3_p[1])
line.delete(vs4_p[1])
line.delete(vs5_p[1])
line.delete(vs6_p[1])
line.delete(vs7_p[1])
line.delete(vs8_p[1])
line.delete(vs9_p[1])
line.delete(vs10_p[1])
line.delete(vr1_p[1])
line.delete(vr2_p[1])
line.delete(vr3_p[1])
line.delete(vr4_p[1])
line.delete(vr5_p[1])
line.delete(vr6_p[1])
line.delete(vr7_p[1])
line.delete(vr8_p[1])
line.delete(vr9_p[1])
line.delete(vr10_p[1])
//Plotting Labels
label_vpp = showfib ? label.new(bar_index, PP, text=show_level_value ? (" 0 " + " " + tostring(nround(PP))) : "P", style= label.style_none, textcolor = color.gray) : na
label_vs1 = showfib ? label.new(bar_index, S1, text=show_level_value ? (" 0.235 " + " " + tostring(nround(S1))) : "S1", style= label.style_none, textcolor = color.red) : na
label_vs2 = showfib ? label.new(bar_index, S2, text=show_level_value ? (" 0.382 " + " " + tostring(nround(S2))) : "S2", style= label.style_none, textcolor = color.red) : na
label_vs3 = showfib ? label.new(bar_index, S3, text=show_level_value ? (" 0.5 " + " " + tostring(nround(S3))) : "S3", style= label.style_none, textcolor = color.red) : na
label_vs4 = showfib ? label.new(bar_index, S4, text=show_level_value ? (" 0.618 " + " " + tostring(nround(S4))) : "S4", style= label.style_none, textcolor = color.red) : na
label_vs5 = showfib ? label.new(bar_index, S5, text=show_level_value ? (" 0.728 " + " " + tostring(nround(S5))) : "S5", style= label.style_none, textcolor = color.red) : na
label_vs6 = showfib ? label.new(bar_index, S6, text=show_level_value ? (" 1.000 " + " " + tostring(nround(S6))) : "S6", style= label.style_none, textcolor = color.red) : na
label_vs7 = showfib ? label.new(bar_index, S7, text=show_level_value ? (" 1.235 " + " " + tostring(nround(S7))) : "S7", style= label.style_none, textcolor = color.red) : na
label_vs8 = showfib ? label.new(bar_index, S8, text=show_level_value ? (" 1.328 " + " " + tostring(nround(S8))) : "S8", style= label.style_none, textcolor = color.red) : na
label_vs9 = showfib ? label.new(bar_index, S9, text=show_level_value ? (" 1.5 " + " " + tostring(nround(S9))) : "S9", style= label.style_none, textcolor = color.red) : na
label_vs10 = showfib ? label.new(bar_index, S10, text=show_level_value ? (" 1.618 " + " " + tostring(nround(S10))) : "S10", style= label.style_none, textcolor = color.red) : na
label_vr1 = showfib ? label.new(bar_index, R1, text=show_level_value ? (" 0.235 " + " " + tostring(nround(R1))) : "R1", style= label.style_none, textcolor = color.green) : na
label_vr2 = showfib ? label.new(bar_index, R2, text=show_level_value ? (" 0.382 " + " " + tostring(nround(R2))) : "R2", style= label.style_none, textcolor = color.green) : na
label_vr3 = showfib ? label.new(bar_index, R3, text=show_level_value ? (" 0.5 " + " " + tostring(nround(R3))) : "R3", style= label.style_none, textcolor = color.green) : na
label_vr4 = showfib ? label.new(bar_index, R4, text=show_level_value ? (" 0.618 " + " " + tostring(nround(R4))) : "R4", style= label.style_none, textcolor = color.green) : na
label_vr5 = showfib ? label.new(bar_index, R5, text=show_level_value ? (" 0.728 " + " " + tostring(nround(R5))) : "R5", style= label.style_none, textcolor = color.green) : na
label_vr6 = showfib ? label.new(bar_index, R6, text=show_level_value ? (" 1.000 " + " " + tostring(nround(R6))) : "R6", style= label.style_none, textcolor = color.green) : na
label_vr7 = showfib ? label.new(bar_index, R7, text=show_level_value ? (" 1.235 " + " " + tostring(nround(R7))) : "R7", style= label.style_none, textcolor = color.green) : na
label_vr8 = showfib ? label.new(bar_index, R8, text=show_level_value ? (" 1.328 " + " " + tostring(nround(R8))) : "R8", style= label.style_none, textcolor = color.green) : na
label_vr9 = showfib ? label.new(bar_index, R9, text=show_level_value ? (" 1.5 " + " " + tostring(nround(R9))) : "R9", style= label.style_none, textcolor = color.green) : na
label_vr10 = showfib ? label.new(bar_index, R10, text=show_level_value ? (" 1.618 " + " " + tostring(nround(R10))) : "R10", style= label.style_none, textcolor = color.green) : na
//Delete Previous Labels
label.delete(label_vpp[1])
label.delete(label_vs1[1])
label.delete(label_vs2[1])
label.delete(label_vs3[1])
label.delete(label_vs4[1])
label.delete(label_vs5[1])
label.delete(label_vs6[1])
label.delete(label_vs7[1])
label.delete(label_vs8[1])
label.delete(label_vs9[1])
label.delete(label_vs10[1])
label.delete(label_vr1[1])
label.delete(label_vr2[1])
label.delete(label_vr3[1])
label.delete(label_vr4[1])
label.delete(label_vr5[1])
label.delete(label_vr6[1])
label.delete(label_vr7[1])
label.delete(label_vr8[1])
label.delete(label_vr9[1])
label.delete(label_vr10[1])
//Alerts
alertcondition(not is_newbar(pp_res) and crossover(close, S2), "Fib Bear Trend Crossover 0.382", 'Fib Bear Trend Crossover 0.382')
alertcondition(not is_newbar(pp_res) and crossover(close, S3), "Fib Bear Trend Crossover 0.5", 'Fib Bear Trend Crossover 0.5')
alertcondition(not is_newbar(pp_res) and crossover(close, S4), "Fib Bear Trend Crossover 0.618", 'Fib Bear Trend Crossover 0.618')
alertcondition(not is_newbar(pp_res) and crossover(close, R2), "Fib Bull Trend Crossover 0.382", 'Fib Bull Trend Crossover 0.382')
alertcondition(not is_newbar(pp_res) and crossover(close, R3), "Fib Bull Trend Crossover 0.5", 'Fib Bull Trend Crossover 0.5')
alertcondition(not is_newbar(pp_res) and crossover(close, R4), "Fib Bull Trend Crossover 0.618", 'Fib Bull Trend Crossover 0.618')
alertcondition(not is_newbar(pp_res) and crossunder(close, S2), "Fib Bear Trend Crossunder 0.382", 'Fib Bear Trend Crossunder 0.382')
alertcondition(not is_newbar(pp_res) and crossunder(close, S3), "Fib Bear Trend Crossunder 0.5", 'Fib Bear Trend Crossunder 0.5')
alertcondition(not is_newbar(pp_res) and crossunder(close, S4), "Fib Bear Trend Crossunder 0.618", 'Fib Bear Trend Crossunder 0.618')
alertcondition(not is_newbar(pp_res) and crossunder(close, R2), "Fib Bull Trend Crossunder 0.382", 'Fib Bull Trend Crossunder 0.382')
alertcondition(not is_newbar(pp_res) and crossunder(close, R3), "Fib Bull Trend Crossunder 0.5", 'Fib Bull Trend Crossunder 0.5')
alertcondition(not is_newbar(pp_res) and crossunder(close, R4), "Fib Bull Trend Crossunder 0.618", 'Fib Bull Trend Crossunder 0.618')
//Ichimoku
//Inputs
conversionPeriods = input(defval=9, title="Ichimoku Conversion Line Periods", minval=1)
basePeriods = input(defval=103, title="Ichimoku Base Line Periods", minval=1)
laggingSpan2Periods = input(defval=52, title="Ichimoku Lagging Span 2 Periods", minval=1)
displacement = input(defval=26, title="Ichimoku Displacement", minval=1)
//Settings
donchian(len) => avg(lowest(len), highest(len))
conversionLine = donchian(conversionPeriods)
baseline = donchian(basePeriods)
leadline1 = avg(conversionLine, baseline)
leadline2 = donchian(laggingSpan2Periods)
//Plotting
plot(baseline, title="BaseLine", color=color.new(#991515, 0))
plot(showichi ? close : na, title="Lagging Span/Barney", color=color.new(#9C27B0, 100), linewidth=0, offset=-displacement)
p1ichi=plot(showichi ? leadline1 : na, title="Lead 1", color=color.new(color.green, 100), offset=displacement)
p2ichi=plot(showichi ? leadline2 : na, title="Lead 2", color=color.new(color.red, 100), offset=displacement)
fill(p1ichi, p2ichi, title="Ichimoku Cloud", color=leadline1 > leadline2 ? color.new(color.aqua, 65) : color.new(color.purple, 65))
//Bollinger
//Inputs
srcbb = input(defval=close, title="Bollinger Source")
lenbb = input(defval=20, title="Bollinger SMA", minval=1)
mult = input(defval=2, title="Bollinger SD", minval=0.001, maxval=50)
tol2 = input(defval=0, title="BB Color Tolerance", minval=0, type=input.float)
//Settings
basis = sma(srcbb, lenbb)
dev = mult * stdev(srcbb, lenbb)
//Calculation
upper = basis + dev
lower = basis - dev
//Plotting
pl1 = plot(showbb and upper ? upper : na, title="Bands UP", color=color.new(color.black, 0), linewidth=3)
pl2 = plot(showbb and lower ? lower : na, title="Bands LOW", color=color.new(color.black, 0), linewidth=3)
fill(pl1, pl2)
//Trendline
//Inputs
highertf = input(defval="", title="Trendline Resolution", type=input.resolution)
//Settings
tlsrc = close
tf = 1440
len = timeframe.isintraday and timeframe.multiplier >= 1 ?
tf / timeframe.multiplier * 7 :
timeframe.isintraday and timeframe.multiplier < 60 ?
60 / timeframe.multiplier * 24 * 7 : 7
//calculation
ma = ema(tlsrc * volume, len) / ema(volume, len)
p = security(syminfo.tickerid, highertf, ma[1], lookahead=true)
lineColor = close > p[1] ? color.new(color.lime, 0) : color.new(color.red, 0)
//Plotting
plot(showtrline ? p : na, color=lineColor, linewidth=2)
//Upgrade
upgrade = input(defval=true, title="UPGRADE TO V2 ? : https://tradingview.com/script/Ix450pxu")The content covered on this website is NOT investment advice and I am not a financial advisor.