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TPS Buy Sell Signal Indicator

This document contains the code for a PineScript trading strategy that uses the Average True Range (ATR) and a multiplier to generate buy and sell signals. It takes the ATR over a specified period and uses it to create an upper and lower band around the source. Trend is tracked to determine long or short positions. Signals are plotted and alerts can be triggered on buy, sell, and trend change conditions. A second section adds a Hull Moving Average indicator to generate additional long and short signals.

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Tushar Ahuja
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2K views2 pages

TPS Buy Sell Signal Indicator

This document contains the code for a PineScript trading strategy that uses the Average True Range (ATR) and a multiplier to generate buy and sell signals. It takes the ATR over a specified period and uses it to create an upper and lower band around the source. Trend is tracked to determine long or short positions. Signals are plotted and alerts can be triggered on buy, sell, and trend change conditions. A second section adds a Hull Moving Average indicator to generate additional long and short signals.

Uploaded by

Tushar Ahuja
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

//@version=4

study("TPS BUY SELL", overlay = true)

Periods = input(title="ATR Period", type=[Link], defval=10)


src = input(hl2, title="Source")
Multiplier = input(title="ATR Multiplier", type=[Link], step=0.1, defval=3.0)
changeATR= input(title="Change ATR Calculation Method ?", type=[Link],
defval=true)
showsignals = input(title="Show Buy/Sell Signals ?", type=[Link], defval=true)
highlighting = input(title="Highlighter On/Off ?", type=[Link], defval=true)
atr2 = sma(tr, Periods)
atr= changeATR ? atr(Periods) : atr2
up=src-(Multiplier*atr)
up1 = nz(up[1],up)
up := close[1] > up1 ? max(up,up1) : up
dn=src+(Multiplier*atr)
dn1 = nz(dn[1], dn)
dn := close[1] < dn1 ? min(dn, dn1) : dn
trend = 1
trend := nz(trend[1], trend)
trend := trend == -1 and close > dn1 ? 1 : trend == 1 and close < up1 ? -1 : trend
upPlot = plot(trend == 1 ? up : na, title="Up Trend", style=plot.style_linebr,
linewidth=2, color=[Link])
buySignal = trend == 1 and trend[1] == -1
plotshape(buySignal ? up : na, title="UpTrend Begins", location=[Link],
style=[Link], size=[Link], color=[Link], transp=0)
plotshape(buySignal and showsignals ? up : na, title="Buy", text="Buy",
location=[Link], style=[Link], size=[Link], color=[Link],
textcolor=[Link], transp=0)
dnPlot = plot(trend == 1 ? na : dn, title="Down Trend", style=plot.style_linebr,
linewidth=2, color=[Link])
sellSignal = trend == -1 and trend[1] == 1
plotshape(sellSignal ? dn : na, title="DownTrend Begins",
location=[Link], style=[Link], size=[Link], color=[Link],
transp=0)
plotshape(sellSignal and showsignals ? dn : na, title="Sell", text="Sell",
location=[Link], style=[Link], size=[Link], color=[Link],
textcolor=[Link], transp=0)
mPlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0)
longFillColor = highlighting ? (trend == 1 ? [Link] : [Link]) :
[Link]
shortFillColor = highlighting ? (trend == -1 ? [Link] : [Link]) :
[Link]
fill(mPlot, upPlot, title="UpTrend Highligter", color=longFillColor)
fill(mPlot, dnPlot, title="DownTrend Highligter", color=shortFillColor)
alertcondition(buySignal, title="SuperTrend Buy", message="SuperTrend Buy!")
alertcondition(sellSignal, title="SuperTrend Sell", message="SuperTrend Sell!")
changeCond = trend != trend[1]
alertcondition(changeCond, title="SuperTrend Direction Change", message="SuperTrend
has changed direction!")

///////////////////////////////////////////////////////////////////////////////////
//////////////////////////

len = input(50, "Hull MA Lenght")

hullMA_close = ema(2 * ema(hl2, len / 2) - ema(hl2, len), round(sqrt(len)))


hullMA_open = ema(2 * ema(open, len / 2) - ema(open, len), round(sqrt(len)))

longCond = crossover(hullMA_close , hullMA_open)


shortCond = crossunder(hullMA_close, hullMA_open)

// Plotting

coLor = hullMA_close > hullMA_open ? [Link] : [Link]


hclose = plot(hullMA_close, title="Close Series", color = coLor, linewidth = 1)
hopen = plot(hullMA_open, title="Open Series", color = coLor, linewidth = 1)
fill(hclose, hopen, color = coLor, transp = 70)

///////////////////////////////////////////////////////////////////////////////////
//////////////////////////

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