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TraderXO Macro Trend Scanner

This document contains the source code for a Pine Script trading indicator. It defines variables and inputs for EMAs, calculates the EMA values, plots the EMAs on the chart colored based on crossovers. It also defines variables to track buy/sell signals and colors the bars based on the signals. Alerts are set for EMA crossovers. Additional code defines Stochastic RSI values and calculates crossover alerts for the Stoch RSI values.

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matteoit
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643 views3 pages

TraderXO Macro Trend Scanner

This document contains the source code for a Pine Script trading indicator. It defines variables and inputs for EMAs, calculates the EMA values, plots the EMAs on the chart colored based on crossovers. It also defines variables to track buy/sell signals and colors the bars based on the signals. Alerts are set for EMA crossovers. Additional code defines Stochastic RSI values and calculates crossover alerts for the Stoch RSI values.

Uploaded by

matteoit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// © btc_charlie / @TheParagonGrp

//@version=5
indicator('[@btc_charlie] Trader XO Macro Trend Scanner', overlay=true)

// Variables
var ok = 0
var countBuy = 0
var countSell = 0
src = input(close, title='OHLC Type')
i_fastEMA = input(12, title='Fast EMA')
i_slowEMA = input(25, title='Slow EMA')
i_defEMA = input(25, title='Consolidated EMA')

// Allow the option to show single or double EMA


i_bothEMAs = input(title='Show Both EMAs', defval=true)

// Define EMAs
v_fastEMA = ta.ema(src, i_fastEMA)
v_slowEMA = ta.ema(src, i_slowEMA)
v_biasEMA = ta.ema(src, i_defEMA)

// Color the EMAs


emaColor = v_fastEMA > v_slowEMA ? color.green : v_fastEMA < v_slowEMA ?
color.red : #FF530D

// Plot EMAs
plot(i_bothEMAs ? na : v_biasEMA, color=emaColor, linewidth=3, title='Consolidated
EMA')
plot(i_bothEMAs ? v_fastEMA : na, title='Fast EMA', color=emaColor)
plot(i_bothEMAs ? v_slowEMA : na, title='Slow EMA', color=emaColor)

// Colour the bars


buy = v_fastEMA > v_slowEMA
sell = v_fastEMA < v_slowEMA

if buy
countBuy += 1
countBuy

if buy
countSell := 0
countSell

if sell
countSell += 1
countSell

if sell
countBuy := 0
countBuy

buysignal = countBuy < 2 and countBuy > 0 and countSell < 1 and buy and not buy[1]
sellsignal = countSell > 0 and countSell < 2 and countBuy < 1 and sell and not
sell[1]

barcolor(buysignal ? color.green : na)


barcolor(sellsignal ? color.red : na)

// Plot Bull/Bear

plotshape(buysignal, title='Bull', text='Bull', style=shape.triangleup,


location=location.belowbar, color=color.new(color.green, 0),
textcolor=color.new(color.black, 0), size=size.tiny)
plotshape(sellsignal, title='Bear', text='Bear', style=shape.triangledown,
location=location.abovebar, color=color.new(color.red, 0),
textcolor=color.new(color.black, 0), size=size.tiny)

bull = countBuy > 1


bear = countSell > 1

barcolor(bull ? color.green : na)


barcolor(bear ? color.red : na)

// Set Alerts

alertcondition(ta.crossover(v_fastEMA, v_slowEMA), title='Bullish EMA Cross',


message='Bullish EMA crossover')
alertcondition(ta.crossunder(v_fastEMA, v_slowEMA), title='Bearish EMA Cross',
message='Bearish EMA Crossover')

// Stoch RSI code

smoothK = input.int(3, 'K', minval=1)


smoothD = input.int(3, 'D', minval=1)
lengthRSI = input.int(14, 'RSI Length', minval=1)
lengthStoch = input.int(14, 'Stochastic Length', minval=1)

rsi1 = ta.rsi(src, lengthRSI)


k = ta.sma(ta.stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK)
d = ta.sma(k, smoothD)

bandno0 = input.int(80, minval=1, title='Upper Band', group='Bands (change this


instead of length in Style for Stoch RSI colour to work properly)')
bandno2 = input.int(50, minval=1, title='Middle Band', group='Bands (change this
instead of length in Style for Stoch RSI colour to work properly)')
bandno1 = input.int(20, minval=1, title='Lower Band', group='Bands (change this
instead of length in Style for Stoch RSI colour to work properly)')

// Alerts

crossoverAlertBgColourMidOnOff = input.bool(title='Crossover Alert Background


Colour (Middle Level) [ON/OFF]', group='Crossover Alerts', defval=false)
crossoverAlertBgColourOBOSOnOff = input.bool(title='Crossover Alert Background
Colour (OB/OS Level) [ON/OFF]', group='Crossover Alerts', defval=false)

crossoverAlertBgColourGreaterThanOnOff = input.bool(title='Crossover Alert >input


[ON/OFF]', group='Crossover Alerts', defval=false)
crossoverAlertBgColourLessThanOnOff = input.bool(title='Crossover Alert <input
[ON/OFF]', group='Crossover Alerts', defval=false)

maTypeChoice = input.string('EMA', title='MA Type', group='Moving Average',


options=['EMA', 'WMA', 'SMA', 'None'])
maSrc = input.source(close, title='MA Source', group='Moving Average')
maLen = input.int(200, minval=1, title='MA Length', group='Moving Average')
maValue = if maTypeChoice == 'EMA'
ta.ema(maSrc, maLen)
else if maTypeChoice == 'WMA'
ta.wma(maSrc, maLen)
else if maTypeChoice == 'SMA'
ta.sma(maSrc, maLen)
else
0

crossupCHECK = maTypeChoice == 'None' or open > maValue and maTypeChoice != 'None'


crossdownCHECK = maTypeChoice == 'None' or open < maValue and maTypeChoice !=
'None'

crossupalert = crossupCHECK and ta.crossover(k, d) and (k < bandno2 or d < bandno2)


crossdownalert = crossdownCHECK and ta.crossunder(k, d) and (k > bandno2 or d >
bandno2)
crossupOSalert = crossupCHECK and ta.crossover(k, d) and (k < bandno1 or d <
bandno1)
crossdownOBalert = crossdownCHECK and ta.crossunder(k, d) and (k > bandno0 or d >
bandno0)

aboveBandalert = ta.crossunder(k, bandno0)


belowBandalert = ta.crossover(k, bandno1)

bgcolor(color=crossupalert and crossoverAlertBgColourMidOnOff ? #4CAF50 :


crossdownalert and crossoverAlertBgColourMidOnOff ? #FF0000 : na, title='Crossover
Alert Background Colour (Middle Level)', transp=70)
bgcolor(color=crossupOSalert and crossoverAlertBgColourOBOSOnOff ? #fbc02d :
crossdownOBalert and crossoverAlertBgColourOBOSOnOff ? #000000 : na,
title='Crossover Alert Background Colour (OB/OS Level)', transp=70)

bgcolor(color=aboveBandalert and crossoverAlertBgColourGreaterThanOnOff ? #ff0014 :


crossdownalert and crossoverAlertBgColourMidOnOff ? #FF0000 : na, title='Crossover
Alert - K > Upper level', transp=70)
bgcolor(color=belowBandalert and crossoverAlertBgColourLessThanOnOff ? #4CAF50 :
crossdownalert and crossoverAlertBgColourMidOnOff ? #FF0000 : na, title='Crossover
Alert - K < Lower level', transp=70)

alertcondition(crossupalert or crossdownalert, title='Stoch RSI Crossover',


message='STOCH RSI CROSSOVER')

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