Market Cipher A UPDATE

//@version=4
// Based on Cipher_A from falconCoin https://www.tradingview.com/script/cAw5GEAB-Market-Cipher-A-free-version-1-1/
// Implemented ideas based on the analysis of https://marketcipherreview.com
// Thanks to LazyBear foor WaveTrend Oscillator https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/
// I just added the red diamond, blood diamond and yellowX pattern, i dont know if is exact but seems to be.
// Still need a lot of visual adjustments to look like market cipher A but it's an attempt
study(title="Market Cipher A", shorttitle="WEACipher_A", overlay=true)

// FUNCTIONS {

// WaveTrend
f_wavetrend(_src, _chlen, _avg, _malen) =>
    _esa = ema(_src, _chlen)
    _de = ema(abs(_src - _esa), _chlen)
    _ci = (_src - _esa) / (0.015 * _de)
    _tci = ema(_ci, _avg)
    _wt1 = _tci
    _wt2 = sma(_wt1, _malen)
    [_wt1, _wt2]

// RSI
f_rsi(_src, _length) =>
    _up = rma(max(change(close), 0), 14)
    _down = rma(-min(change(close), 0), 14)
    _down == 0 ? 100 : _up == 0 ? 0 : 100 - 100 / (1 + _up / _down)

// 8 EMA Ribbon
f_emaRibbon(_src, _e1, _e2, _e3, _e4, _e5, _e6, _e7, _e8) =>
    _ema1 = ema(_src, _e1)
    _ema2 = ema(_src, _e2)
    _ema3 = ema(_src, _e3)
    _ema4 = ema(_src, _e4)
    _ema5 = ema(_src, _e5)
    _ema6 = ema(_src, _e6)
    _ema7 = ema(_src, _e7)
    _ema8 = ema(_src, _e8)
    [_ema1, _ema2, _ema3, _ema4, _ema5, _ema6, _ema7, _ema8]

// } FUNCTIONS


// PARAMETERS {

// WaveTrend
wtChannelLen = input(7, title = 'WT Channel Length')
wtAverageLen = input(13, title = 'WT Average Length')
wtMASource = input(ohlc4, title = 'WT MA Source')
wtMALen = input(3, title = 'WT MA Length')

// WaveTrend Overbought & Oversold lines
obLevel = input(53, title = 'WT Overbought Level 1')
obLevel2 = input(60, title = 'WT Overbought Level 2')
obLevel3 = input(100, title = 'WT Overbought Level 3')
osLevel = input(-53, title = 'WT Oversold Level 1')
osLevel2 = input(-60, title = 'WT Oversold Level 2')
osLevel3 = input(-80, title = 'WT Oversold Level 3')

// EMA Ribbon
showRibbon = input(true, "Show Ribbon")
ema1Len = input(5, title = "EMA 1 Length")
ema2Len = input(11, title = "EMA 2 Length")
ema3Len = input(15, title = "EMA 3 Length")
ema4Len = input(18, title = "EMA 4 Length")
ema5Len = input(21, title = "EMA 5 Length")
ema6Len = input(24, title = "EMA 6 Length")
ema7Len = input(28, title = "EMA 7 Length")
ema8Len = input(34, title = "EMA 8 Length")

// RSI
rsiSRC = input(close, title = "RSI Source")
rsiLen = input(14, title = "RSI Length")
rsiOversold = input(30, title = 'RSI Oversold', minval = 50, maxval = 100)
rsiOverbought = input(60, title = 'RSI Overbought', minval = 0, maxval = 50)

// }


// CALCULATE INDICATORS {

// EMA Ribbon
[ema1, ema2, ema3, ema4, ema5, ema6, ema7, ema8] = f_emaRibbon(close, ema1Len, ema2Len, ema3Len, ema4Len, ema5Len, ema6Len, ema7Len, ema8Len)

// RSI
rsi = f_rsi(rsiSRC, rsiLen)

// Calculates WaveTrend
[wt1, wt2] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen)

// WaveTrend Conditions
wtOverSold = wt2 <= osLevel
wtOverBought = wt2 >= obLevel
wtCross = cross(wt1, wt2)
wtCrossUp = wt2 - wt1 <= 0
wtCrossDown = wt2 - wt1 >= 0


// Signals
longEma = crossover(ema2, ema8)
redCross = crossunder(ema1, ema2)
blueTriangle = crossover(ema2, ema3)
redDiamond = wtCross and wtCrossDown
yellowCross = redDiamond and rsi <= 25 and wt2 < 0
bloodDiamond = redDiamond and redCross
shortEma = crossover(ema8, ema2)

// } CALCULATE INDICATORS


// DRAW {

// EMA Ribbon
colorEma = ema8 < ema2 ? color.green : color.red

plot(ema1, color=showRibbon ? #265aa6 : na, linewidth=2, transp=50, title="EMA 1")
plot(ema2, color=showRibbon ? #265aa6 : na, linewidth=2, transp=50, title="EMA 2")
plot(ema3, color=showRibbon ? #1976d2 : na, linewidth=2, transp=50, title="EMA 3")
plot(ema4, color=showRibbon ? #1976d2 : na, linewidth=2, transp=50, title="EMA 4")
plot(ema5, color=showRibbon ? #7fb3ff : na, linewidth=2, transp=50, title="EMA 5")
plot(ema6, color=showRibbon ? #7fb3ff : na, linewidth=2, transp=50, title="EMA 6")
plot(ema7, color=showRibbon ? #bbdefb : na, linewidth=2, transp=50, title="EMA 7")
plot(ema8, color=showRibbon ? #bbdefb : na, linewidth=2, transp=50, title="EMA 8")
plot(ema8, color=showRibbon ? na : colorEma, linewidth=2, transp=50, title="EMA 8")

// SHAPES
plotshape(longEma, style=shape.circle, color=#00ff00, transp=50, location=location.abovebar, size=size.tiny, title="Long EMA Signal")
plotshape(shortEma, style=shape.circle, color=#ff0000, transp=50, location=location.abovebar, size=size.tiny, title="Short EMA Signal")
plotshape(redCross, style=shape.xcross, color=#ff0000, transp=50, location=location.abovebar, size=size.tiny, title="Red cross")
plotshape(blueTriangle, style=shape.triangleup, color=#0064ff, transp=50, location=location.abovebar, size=size.small, title="Blue Triangle")
plotshape(redDiamond, style=shape.diamond, color=#ff0000, location=location.abovebar, size=size.tiny, title="Red Diamond", transp=25)
plotshape(bloodDiamond, style=shape.diamond, color=#ff0000, location=location.abovebar, size=size.small, title="Blood Diamond", transp=15)
plotshape(yellowCross, style=shape.xcross, color=color.yellow, location=location.abovebar, size=size.small, title="Yellow Cross", transp=25)
// } DRAW


// ALERTS {
alertcondition(redDiamond != 0, "Red Diamond", "Red Diamond")
alertcondition(bloodDiamond != 0, "Blood Diamond", "Blood Diamond")
alertcondition(yellowCross != 0, "YellowX", "YellowX")
alertcondition(redCross != 0, "RedX", "RedX")
alertcondition(longEma != 0, "Longema", "Longema")
alertcondition(blueTriangle != 0, "Bluetriangle", "Bluetriangle")
// } ALERTS