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- //@version=5
- //[SHK] STC colored indicator
- //https://www.tradingview.com/u/shayankm/
- indicator(title='[SHK] Schaff Trend Cycle (STC)', shorttitle='STC', overlay=false)
- EEEEEE = input(12, 'Length')
- BBBB = input(26, 'FastLength')
- BBBBB = input(50, 'SlowLength')
- AAAA(BBB, BBBB, BBBBB) =>
- fastMA = ta.ema(BBB, BBBB)
- slowMA = ta.ema(BBB, BBBBB)
- AAAA = fastMA - slowMA
- AAAA
- AAAAA(EEEEEE, BBBB, BBBBB) =>
- AAA = input(0.5)
- var CCCCC = 0.0
- var DDD = 0.0
- var DDDDDD = 0.0
- var EEEEE = 0.0
- BBBBBB = AAAA(close, BBBB, BBBBB)
- CCC = ta.lowest(BBBBBB, EEEEEE)
- CCCC = ta.highest(BBBBBB, EEEEEE) - CCC
- CCCCC := CCCC > 0 ? (BBBBBB - CCC) / CCCC * 100 : nz(CCCCC[1])
- DDD := na(DDD[1]) ? CCCCC : DDD[1] + AAA * (CCCCC - DDD[1])
- DDDD = ta.lowest(DDD, EEEEEE)
- DDDDD = ta.highest(DDD, EEEEEE) - DDDD
- DDDDDD := DDDDD > 0 ? (DDD - DDDD) / DDDDD * 100 : nz(DDDDDD[1])
- EEEEE := na(EEEEE[1]) ? DDDDDD : EEEEE[1] + AAA * (DDDDDD - EEEEE[1])
- EEEEE
- mAAAAA = AAAAA(EEEEEE, BBBB, BBBBB)
- mColor = mAAAAA > mAAAAA[1] ? color.new(color.green, 20) : color.new(color.red, 20)
- _mColor = mAAAAA > mAAAAA[1]
- alertcondition((not _mColor[1] and _mColor), "Red to Green", "Red to Green")
- alertcondition((_mColor[1] and not _mColor), "Green to Red", "Green to Red")
- if mAAAAA[3] <= mAAAAA[2] and mAAAAA[2] > mAAAAA[1] and mAAAAA > 75
- alert("Red", alert.freq_once_per_bar)
- if mAAAAA[3] >= mAAAAA[2] and mAAAAA[2] < mAAAAA[1] and mAAAAA < 25
- alert("Green", alert.freq_once_per_bar)
- plot(mAAAAA, color=mColor, title='STC', linewidth=2)
- ul = plot(25, color=color.new(color.gray, 70))
- ll = plot(75, color=color.new(color.gray, 70))
- fill(ul, ll, color=color.new(color.gray, 96))
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