//@version=4 ''' Quick explanation from "Market Cipher - what is just a closed source of this script with alerts. (DO NOT PAY 1.500$ JUST FOR ALERT FUNCTION!)" Market Cipher B is an all-in-one oscillator allowing for more quality indications than ever before. It combines five algorithms (some well-known, some custom) that have all been fine-tuned and smoothed for optimal analysis and trading results. When all of the algorithms converge, Market Cipher B will project a “Green Dot” which will aid you in longing the dips in bull markets as well as temporarily exiting shorts in bear markets. The Green Dot is often accompanied by extreme sellers’ momentum and will warn you of potential market bottoms, giving you strong hands even when the night is at its darkest. Market Cipher B certainly excels on the small time frames, but is a particularly deadly tool for isolating large swings in the market. Key Features: 6 Oscillators optimized and consolidated into one Green dot market bottoms Ultimate market barometer and trade initiator Recommended candles: heiken ashi or standard candlesticks Primary Triggers: Green Dots – Leading buy signals that excel in sideways and upwards trends. Blue Waves – You are looking for overbought and oversold readings for the most part here, but to get the most out of these waves, learn how to spot divergent price action which often foreshadows a future price move. Yellow VWAP – We have incorporated the VWAP into an oscillator. It is the easiest algorithm on B to read. When it crosses up, you are long until the next cross down. When it crosses down, you are short until the next cross up. Secondary Triggers: MFI – The custom Money Flow oscillator gives a great visual of market conditions. When it is green, we say the grass is growing, the Bulls are grazing, and the strategy is to buy dips. When the MFI is red, buyers are dead, and the prevailing strategy is to short the peaks. You can filter many bad trades by paying attention to the MFI. RSI – The RSI misses many opportunities on its own, but when used in tandem the other oscillators in B, can provide an extra layer of confidence via overbought and oversold readings. Stochastic RSI – The Stochastic RSI is an indicator of an indicator. When it crosses the regular RSI, it paints green or red, signaling a bullish or bearish cross. No more manual scanning for RSI crosses! These events have greater importance on higher timeframes where the Stochastic RSI often paints red or green for weeks or months at a time. When the change in color finally occurs, that can be a strong indication to long or short. ''' // Thanks to dynausmaux for the code.. // Thanks to falconCoin for https://www.tradingview.com/script/KVfgBvDd-Market-Cipher-B-Free-version-with-Buy-and-sell/ inspired me to start this. // Thanks to LazyBear for WaveTrend Oscillator https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/ // Thanks to RicardoSantos for https://www.tradingview.com/script/3oeDh0Yq-RS-Price-Divergence-Detector-V2/ // Thanks to LucemAnb for Plain Stochastic Divergence https://www.tradingview.com/script/FCUgF8ag-Plain-Stochastic-Divergence/ // Thanks to andreholanda73 for MFI+RSI Area https://www.tradingview.com/script/UlGZzUAr/ // I especially thanks to TradingView for its platform that facilitates development and learning. // // CIRCLES & TRIANGLES: // - LITTLE CIRCLE: They appear at all WaveTrend wave crossings. // - GREEN CIRCLE: The wavetrend waves are at the oversold level and have crossed up (bullish). // - RED CIRCLE: The wavetrend waves are at the overbought level and have crossed down (bearish). // - GOLD/ORANGE CIRCLE: When RSI is below 20, WaveTrend waves are below or equal to -80 and have crossed up after good bullish divergence (DONT BUY WHEN GOLD CIRCLE APPEAR). // - None of these circles are certain signs to trade. It is only information that can help you. // - PURPLE TRIANGLE: Appear when a bullish or bearish divergence is formed and WaveTrend waves crosses at overbought and oversold points. // // NOTES: // - I am not an expert trader or know how to program pine script as such, in fact it is my first indicator only to study and all the code is copied and modified from other codes that are published in TradingView. // - I am very grateful to the entire TV community that publishes codes so that other newbies like me can learn and present their results. This is an attempt to imitate Market Cipher B. // - Settings by default are for 4h timeframe, divergences are more stronger and accurate. Haven't tested in all timeframes, only 2h and 4h. // - If you get an interesting result in other timeframes I would be very grateful if you would comment your configuration to implement it or at least check it. // // CONTRIBUTIONS: // - Tip/Idea: Add higher timeframe analysis for bearish/bullish patterns at the current timeframe. // + Bearish/Bullish FLAG: // - MFI+RSI Area are RED (Below 0). // - Wavetrend waves are above 0 and crosses down. // - VWAP Area are below 0 on higher timeframe. // - This pattern reversed becomes bullish. // - Tip/Idea: Check the last heikinashi candle from 2 higher timeframe // + Bearish/Bullish DIAMOND: // - HT Candle is red // - WT > 0 and crossed down study(title = 'VuManChu B Divergences', shorttitle = 'VMC Cipher_B_Divergences') // PARAMETERS { // WaveTrend wtShow = input(true, title = 'Show WaveTrend', type = input.bool) wtBuyShow = input(true, title = 'Show Buy dots', type = input.bool) wtGoldShow = input(true, title = 'Show Gold dots', type = input.bool) wtSellShow = input(true, title = 'Show Sell dots', type = input.bool) wtDivShow = input(true, title = 'Show Div. dots', type = input.bool) vwapShow = input(true, title = 'Show Fast WT', type = input.bool) wtChannelLen = input(9, title = 'WT Channel Length', type = input.integer) wtAverageLen = input(12, title = 'WT Average Length', type = input.integer) wtMASource = input(hlc3, title = 'WT MA Source', type = input.source) wtMALen = input(3, title = 'WT MA Length', type = input.integer) // WaveTrend Overbought & Oversold lines obLevel = input(53, title = 'WT Overbought Level 1', type = input.integer) obLevel2 = input(60, title = 'WT Overbought Level 2', type = input.integer) obLevel3 = input(100, title = 'WT Overbought Level 3', type = input.integer) osLevel = input(-53, title = 'WT Oversold Level 1', type = input.integer) osLevel2 = input(-60, title = 'WT Oversold Level 2', type = input.integer) osLevel3 = input(-100, title = 'WT Oversold Level 3', type = input.integer) // Divergence WT wtShowDiv = input(true, title = 'Show WT Regular Divergences', type = input.bool) wtShowHiddenDiv = input(false, title = 'Show WT Hidden Divergences', type = input.bool) showHiddenDiv_nl = input(true, title = 'Not apply OB/OS Limits on Hidden Divergences', type = input.bool) wtDivOBLevel = input(45, title = 'WT Bearish Divergence min', type = input.integer) wtDivOSLevel = input(-65, title = 'WT Bullish Divergence min', type = input.integer) // Divergence extra range wtDivOBLevel_addshow = input(true, title = 'Show 2nd WT Regular Divergences', type = input.bool) wtDivOBLevel_add = input(15, title = 'WT 2nd Bearish Divergence', type = input.integer) wtDivOSLevel_add = input(-40, title = 'WT 2nd Bullish Divergence 15 min', type = input.integer) // RSI+MFI rsiMFIShow = input(true, title = 'Show MFI', type = input.bool) rsiMFIperiod = input(60,title = 'MFI Period', type = input.integer) rsiMFIMultiplier = input(175, title = 'MFI Area multiplier', type = input.float) rsiMFIPosY = input(2.5, title = 'MFI Area Y Pos', type = input.float) // RSI rsiShow = input(false, title = 'Show RSI', type = input.bool) rsiSRC = input(close, title = 'RSI Source', type = input.source) rsiLen = input(14, title = 'RSI Length', type = input.integer) rsiOversold = input(30, title = 'RSI Oversold', minval = 50, maxval = 100, type = input.integer) rsiOverbought = input(60, title = 'RSI Overbought', minval = 0, maxval = 50, type = input.integer) // Divergence RSI rsiShowDiv = input(false, title = 'Show RSI Regular Divergences', type = input.bool) rsiShowHiddenDiv = input(false, title = 'Show RSI Hidden Divergences', type = input.bool) rsiDivOBLevel = input(60, title = 'RSI Bearish Divergence min', type = input.integer) rsiDivOSLevel = input(30, title = 'RSI Bullish Divergence min', type = input.integer) // RSI Stochastic stochShow = input(true, title = 'Show Stochastic RSI', type = input.bool) stochUseLog = input(true, title=' Use Log?', type = input.bool) stochAvg = input(false, title='Use Average of both K & D', type = input.bool) stochSRC = input(close, title = 'Stochastic RSI Source', type = input.source) stochLen = input(14, title = 'Stochastic RSI Length', type = input.integer) stochRsiLen = input(14, title = 'RSI Length ', type = input.integer) stochKSmooth = input(3, title = 'Stochastic RSI K Smooth', type = input.integer) stochDSmooth = input(3, title = 'Stochastic RSI D Smooth', type = input.integer) // Divergence stoch stochShowDiv = input(false, title = 'Show Stoch Regular Divergences', type = input.bool) stochShowHiddenDiv = input(false, title = 'Show Stoch Hidden Divergences', type = input.bool) // Schaff Trend Cycle tcLine = input(false, title="Show Schaff TC line", type=input.bool) tcSRC = input(close, title = 'Schaff TC Source', type = input.source) tclength = input(10, title="Schaff TC", type=input.integer) tcfastLength = input(23, title="Schaff TC Fast Lenght", type=input.integer) tcslowLength = input(50, title="Schaff TC Slow Length", type=input.integer) tcfactor = input(0.5, title="Schaff TC Factor", type=input.float) // Sommi Flag sommiFlagShow = input(false, title = 'Show Sommi flag', type = input.bool) sommiShowVwap = input(false, title = 'Show Sommi F. Wave', type = input.bool) sommiVwapTF = input('720', title = 'Sommi F. Wave timeframe', type = input.string) sommiVwapBearLevel = input(0, title = 'F. Wave Bear Level (less than)', type = input.integer) sommiVwapBullLevel = input(0, title = 'F. Wave Bull Level (more than)', type = input.integer) soomiFlagWTBearLevel = input(0, title = 'WT Bear Level (more than)', type = input.integer) soomiFlagWTBullLevel = input(0, title = 'WT Bull Level (less than)', type = input.integer) soomiRSIMFIBearLevel = input(0, title = 'Money flow Bear Level (less than)', type = input.integer) soomiRSIMFIBullLevel = input(0, title = 'Money flow Bull Level (more than)', type = input.integer) // Sommi Diamond sommiDiamondShow = input(false, title = 'Show Sommi diamond', type = input.bool) sommiHTCRes = input('60', title = 'HTF Candle Res. 1', type = input.string) sommiHTCRes2 = input('240', title = 'HTF Candle Res. 2', type = input.string) soomiDiamondWTBearLevel = input(0, title = 'WT Bear Level (More than)', type = input.integer) soomiDiamondWTBullLevel = input(0, title = 'WT Bull Level (Less than)', type = input.integer) // macd Colors macdWTColorsShow = input(false, title = 'Show MACD Colors', type = input.bool) macdWTColorsTF = input('240', title = 'MACD Colors MACD TF', type = input.string) darkMode = input(false, title = 'Dark mode', type = input.bool) // Colors colorRed = #ff0000 colorPurple = #e600e6 colorGreen = #3fff00 colorOrange = #e2a400 colorYellow = #ffe500 colorWhite = #ffffff colorPink = #ff00f0 colorBluelight = #31c0ff colorWT1 = #90caf9 colorWT2 = #0d47a1 colorWT2_ = #131722 colormacdWT1a = #4caf58 colormacdWT1b = #af4c4c colormacdWT1c = #7ee57e colormacdWT1d = #ff3535 colormacdWT2a = #305630 colormacdWT2b = #310101 colormacdWT2c = #132213 colormacdWT2d = #770000 // } PARAMETERS // FUNCTIONS { // Divergences f_top_fractal(src) => src[4] < src[2] and src[3] < src[2] and src[2] > src[1] and src[2] > src[0] f_bot_fractal(src) => src[4] > src[2] and src[3] > src[2] and src[2] < src[1] and src[2] < src[0] f_fractalize(src) => f_top_fractal(src) ? 1 : f_bot_fractal(src) ? -1 : 0 f_findDivs(src, topLimit, botLimit, useLimits) => fractalTop = f_fractalize(src) > 0 and (useLimits ? src[2] >= topLimit : true) ? src[2] : na fractalBot = f_fractalize(src) < 0 and (useLimits ? src[2] <= botLimit : true) ? src[2] : na highPrev = valuewhen(fractalTop, src[2], 0)[2] highPrice = valuewhen(fractalTop, high[2], 0)[2] lowPrev = valuewhen(fractalBot, src[2], 0)[2] lowPrice = valuewhen(fractalBot, low[2], 0)[2] bearSignal = fractalTop and high[2] > highPrice and src[2] < highPrev bullSignal = fractalBot and low[2] < lowPrice and src[2] > lowPrev bearDivHidden = fractalTop and high[2] < highPrice and src[2] > highPrev bullDivHidden = fractalBot and low[2] > lowPrice and src[2] < lowPrev [fractalTop, fractalBot, lowPrev, bearSignal, bullSignal, bearDivHidden, bullDivHidden] // RSI+MFI f_rsimfi(_period, _multiplier, _tf) => security(syminfo.tickerid, _tf, sma(((close - open) / (high - low)) * _multiplier, _period) - rsiMFIPosY) // WaveTrend f_wavetrend(src, chlen, avg, malen, tf) => tfsrc = security(syminfo.tickerid, tf, src) esa = ema(tfsrc, chlen) de = ema(abs(tfsrc - esa), chlen) ci = (tfsrc - esa) / (0.015 * de) wt1 = security(syminfo.tickerid, tf, ema(ci, avg)) wt2 = security(syminfo.tickerid, tf, sma(wt1, malen)) wtVwap = wt1 - wt2 wtOversold = wt2 <= osLevel wtOverbought = wt2 >= obLevel wtCross = cross(wt1, wt2) wtCrossUp = wt2 - wt1 <= 0 wtCrossDown = wt2 - wt1 >= 0 wtCrosslast = cross(wt1[2], wt2[2]) wtCrossUplast = wt2[2] - wt1[2] <= 0 wtCrossDownlast = wt2[2] - wt1[2] >= 0 [wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCrosslast, wtCrossUplast, wtCrossDownlast, wtVwap] // Schaff Trend Cycle f_tc(src, length, fastLength, slowLength) => ema1 = ema(src, fastLength) ema2 = ema(src, slowLength) macdVal = ema1 - ema2 alpha = lowest(macdVal, length) beta = highest(macdVal, length) - alpha gamma = (macdVal - alpha) / beta * 100 gamma := beta > 0 ? gamma : nz(gamma[1]) delta = gamma delta := na(delta[1]) ? delta : delta[1] + tcfactor * (gamma - delta[1]) epsilon = lowest(delta, length) zeta = highest(delta, length) - epsilon eta = (delta - epsilon) / zeta * 100 eta := zeta > 0 ? eta : nz(eta[1]) stcReturn = eta stcReturn := na(stcReturn[1]) ? stcReturn : stcReturn[1] + tcfactor * (eta - stcReturn[1]) stcReturn // Stochastic RSI f_stochrsi(_src, _stochlen, _rsilen, _smoothk, _smoothd, _log, _avg) => src = _log ? log(_src) : _src rsi = rsi(src, _rsilen) kk = sma(stoch(rsi, rsi, rsi, _stochlen), _smoothk) d1 = sma(kk, _smoothd) avg_1 = avg(kk, d1) k = _avg ? avg_1 : kk [k, d1] // MACD f_macd(src, fastlen, slowlen, sigsmooth, tf) => fast_ma = security(syminfo.tickerid, tf, ema(src, fastlen)) slow_ma = security(syminfo.tickerid, tf, ema(src, slowlen)) macd = fast_ma - slow_ma, signal = security(syminfo.tickerid, tf, sma(macd, sigsmooth)) hist = macd - signal [macd, signal, hist] // MACD Colors on WT f_macdWTColors(tf) => hrsimfi = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, tf) [macd, signal, hist] = f_macd(close, 28, 42, 9, macdWTColorsTF) macdup = macd >= signal macddown = macd <= signal macdWT1Color = macdup ? hrsimfi > 0 ? colormacdWT1c : colormacdWT1a : macddown ? hrsimfi < 0 ? colormacdWT1d : colormacdWT1b : na macdWT2Color = macdup ? hrsimfi < 0 ? colormacdWT2c : colormacdWT2a : macddown ? hrsimfi < 0 ? colormacdWT2d : colormacdWT2b : na [macdWT1Color, macdWT2Color] // Get higher timeframe candle f_getTFCandle(_tf) => _open = security(heikinashi(syminfo.tickerid), _tf, open, barmerge.gaps_off, barmerge.lookahead_on) _close = security(heikinashi(syminfo.tickerid), _tf, close, barmerge.gaps_off, barmerge.lookahead_on) _high = security(heikinashi(syminfo.tickerid), _tf, high, barmerge.gaps_off, barmerge.lookahead_on) _low = security(heikinashi(syminfo.tickerid), _tf, low, barmerge.gaps_off, barmerge.lookahead_on) hl2 = (_high + _low) / 2.0 newBar = change(_open) candleBodyDir = _close > _open [candleBodyDir, newBar] // Sommi flag f_findSommiFlag(tf, wt1, wt2, rsimfi, wtCross, wtCrossUp, wtCrossDown) => [hwt1, hwt2, hwtOversold, hwtOverbought, hwtCross, hwtCrossUp, hwtCrossDown, hwtCrosslast, hwtCrossUplast, hwtCrossDownlast, hwtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, tf) bearPattern = rsimfi < soomiRSIMFIBearLevel and wt2 > soomiFlagWTBearLevel and wtCross and wtCrossDown and hwtVwap < sommiVwapBearLevel bullPattern = rsimfi > soomiRSIMFIBullLevel and wt2 < soomiFlagWTBullLevel and wtCross and wtCrossUp and hwtVwap > sommiVwapBullLevel [bearPattern, bullPattern, hwtVwap] f_findSommiDiamond(tf, tf2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown) => [candleBodyDir, newBar] = f_getTFCandle(tf) [candleBodyDir2, newBar2] = f_getTFCandle(tf2) bearPattern = wt2 >= soomiDiamondWTBearLevel and wtCross and wtCrossDown and not candleBodyDir and not candleBodyDir2 bullPattern = wt2 <= soomiDiamondWTBullLevel and wtCross and wtCrossUp and candleBodyDir and candleBodyDir2 [bearPattern, bullPattern] // } FUNCTIONS // CALCULATE INDICATORS { // RSI rsi = rsi(rsiSRC, rsiLen) rsiColor = rsi <= rsiOversold ? colorGreen : rsi >= rsiOverbought ? colorRed : colorPurple // RSI + MFI Area rsiMFI = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, timeframe.period) rsiMFIColor = rsiMFI > 0 ? #3ee145 : #ff3d2e // Calculates WaveTrend [wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCross_last, wtCrossUp_last, wtCrossDown_last, wtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, timeframe.period) // Stochastic RSI [stochK, stochD] = f_stochrsi(stochSRC, stochLen, stochRsiLen, stochKSmooth, stochDSmooth, stochUseLog, stochAvg) // Schaff Trend Cycle tcVal = f_tc(tcSRC, tclength, tcfastLength, tcslowLength) // Sommi flag [sommiBearish, sommiBullish, hvwap] = f_findSommiFlag(sommiVwapTF, wt1, wt2, rsiMFI, wtCross, wtCrossUp, wtCrossDown) //Sommi diamond [sommiBearishDiamond, sommiBullishDiamond] = f_findSommiDiamond(sommiHTCRes, sommiHTCRes2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown) // macd colors [macdWT1Color, macdWT2Color] = f_macdWTColors(macdWTColorsTF) // WT Divergences [wtFractalTop, wtFractalBot, wtLow_prev, wtBearDiv, wtBullDiv, wtBearDivHidden, wtBullDivHidden] = f_findDivs(wt2, wtDivOBLevel, wtDivOSLevel, true) [wtFractalTop_add, wtFractalBot_add, wtLow_prev_add, wtBearDiv_add, wtBullDiv_add, wtBearDivHidden_add, wtBullDivHidden_add] = f_findDivs(wt2, wtDivOBLevel_add, wtDivOSLevel_add, true) [wtFractalTop_nl, wtFractalBot_nl, wtLow_prev_nl, wtBearDiv_nl, wtBullDiv_nl, wtBearDivHidden_nl, wtBullDivHidden_nl] = f_findDivs(wt2, 0, 0, false) wtBearDivHidden_ = showHiddenDiv_nl ? wtBearDivHidden_nl : wtBearDivHidden wtBullDivHidden_ = showHiddenDiv_nl ? wtBullDivHidden_nl : wtBullDivHidden wtBearDivColor = (wtShowDiv and wtBearDiv) or (wtShowHiddenDiv and wtBearDivHidden_) ? colorRed : na wtBullDivColor = (wtShowDiv and wtBullDiv) or (wtShowHiddenDiv and wtBullDivHidden_) ? colorGreen : na wtBearDivColor_add = (wtShowDiv and (wtDivOBLevel_addshow and wtBearDiv_add)) or (wtShowHiddenDiv and (wtDivOBLevel_addshow and wtBearDivHidden_add)) ? #9a0202 : na wtBullDivColor_add = (wtShowDiv and (wtDivOBLevel_addshow and wtBullDiv_add)) or (wtShowHiddenDiv and (wtDivOBLevel_addshow and wtBullDivHidden_add)) ? #1b5e20 : na // RSI Divergences [rsiFractalTop, rsiFractalBot, rsiLow_prev, rsiBearDiv, rsiBullDiv, rsiBearDivHidden, rsiBullDivHidden] = f_findDivs(rsi, rsiDivOBLevel, rsiDivOSLevel, true) [rsiFractalTop_nl, rsiFractalBot_nl, rsiLow_prev_nl, rsiBearDiv_nl, rsiBullDiv_nl, rsiBearDivHidden_nl, rsiBullDivHidden_nl] = f_findDivs(rsi, 0, 0, false) rsiBearDivHidden_ = showHiddenDiv_nl ? rsiBearDivHidden_nl : rsiBearDivHidden rsiBullDivHidden_ = showHiddenDiv_nl ? rsiBullDivHidden_nl : rsiBullDivHidden rsiBearDivColor = (rsiShowDiv and rsiBearDiv) or (rsiShowHiddenDiv and rsiBearDivHidden_) ? colorRed : na rsiBullDivColor = (rsiShowDiv and rsiBullDiv) or (rsiShowHiddenDiv and rsiBullDivHidden_) ? colorGreen : na // Stoch Divergences [stochFractalTop, stochFractalBot, stochLow_prev, stochBearDiv, stochBullDiv, stochBearDivHidden, stochBullDivHidden] = f_findDivs(stochK, 0, 0, false) stochBearDivColor = (stochShowDiv and stochBearDiv) or (stochShowHiddenDiv and stochBearDivHidden) ? colorRed : na stochBullDivColor = (stochShowDiv and stochBullDiv) or (stochShowHiddenDiv and stochBullDivHidden) ? colorGreen : na // Small Circles WT Cross signalColor = wt2 - wt1 > 0 ? color.red : color.lime // Buy signal. buySignal = wtCross and wtCrossUp and wtOversold buySignalDiv = (wtShowDiv and wtBullDiv) or (wtShowDiv and wtBullDiv_add) or (stochShowDiv and stochBullDiv) or (rsiShowDiv and rsiBullDiv) buySignalDiv_color = wtBullDiv ? colorGreen : wtBullDiv_add ? color.new(colorGreen, 60) : rsiShowDiv ? colorGreen : na // Sell signal sellSignal = wtCross and wtCrossDown and wtOverbought sellSignalDiv = (wtShowDiv and wtBearDiv) or (wtShowDiv and wtBearDiv_add) or (stochShowDiv and stochBearDiv) or (rsiShowDiv and rsiBearDiv) sellSignalDiv_color = wtBearDiv ? colorRed : wtBearDiv_add ? color.new(colorRed, 60) : rsiBearDiv ? colorRed : na // Gold Buy lastRsi = valuewhen(wtFractalBot, rsi[2], 0)[2] wtGoldBuy = ((wtShowDiv and wtBullDiv) or (rsiShowDiv and rsiBullDiv)) and wtLow_prev <= osLevel3 and wt2 > osLevel3 and wtLow_prev - wt2 <= -5 and lastRsi < 30 // } CALCULATE INDICATORS // DRAW { bgcolor(darkMode ? color.new(#000000, 80) : na) zLine = plot(0, color = color.new(colorWhite, 50)) // MFI BAR rsiMfiBarTopLine = plot(rsiMFIShow ? -95 : na, title = 'MFI Bar TOP Line', transp = 100) rsiMfiBarBottomLine = plot(rsiMFIShow ? -99 : na, title = 'MFI Bar BOTTOM Line', transp = 100) fill(rsiMfiBarTopLine, rsiMfiBarBottomLine, title = 'MFI Bar Colors', color = rsiMFIColor, transp = 75) // WT Areas plot(wtShow ? wt1 : na, style = plot.style_area, title = 'WT Wave 1', color = macdWTColorsShow ? macdWT1Color : colorWT1, transp = 0) plot(wtShow ? wt2 : na, style = plot.style_area, title = 'WT Wave 2', color = macdWTColorsShow ? macdWT2Color : darkMode ? colorWT2_ : colorWT2 , transp = 20) // VWAP plot(vwapShow ? wtVwap : na, title = 'VWAP', color = colorYellow, style = plot.style_area, linewidth = 2, transp = 45) // MFI AREA rsiMFIplot = plot(rsiMFIShow ? rsiMFI: na, title = 'RSI+MFI Area', color = rsiMFIColor, transp = 20) fill(rsiMFIplot, zLine, rsiMFIColor, transp = 40) // WT Div plot(series = wtFractalTop ? wt2[2] : na, title = 'WT Bearish Divergence', color = wtBearDivColor, linewidth = 2, offset = -2) plot(series = wtFractalBot ? wt2[2] : na, title = 'WT Bullish Divergence', color = wtBullDivColor, linewidth = 2, offset = -2) // WT 2nd Div plot(series = wtFractalTop_add ? wt2[2] : na, title = 'WT 2nd Bearish Divergence', color = wtBearDivColor_add, linewidth = 2, offset = -2) plot(series = wtFractalBot_add ? wt2[2] : na, title = 'WT 2nd Bullish Divergence', color = wtBullDivColor_add, linewidth = 2, offset = -2) // RSI plot(rsiShow ? rsi : na, title = 'RSI', color = rsiColor, linewidth = 2, transp = 25) // RSI Div plot(series = rsiFractalTop ? rsi[2] : na, title='RSI Bearish Divergence', color = rsiBearDivColor, linewidth = 1, offset = -2) plot(series = rsiFractalBot ? rsi[2] : na, title='RSI Bullish Divergence', color = rsiBullDivColor, linewidth = 1, offset = -2) // Stochastic RSI stochKplot = plot(stochShow ? stochK : na, title = 'Stoch K', color = color.new(#21baf3, 0), linewidth = 2) stochDplot = plot(stochShow ? stochD : na, title = 'Stoch D', color = color.new(#673ab7, 60), linewidth = 1) stochFillColor = stochK >= stochD ? color.new(#21baf3, 75) : color.new(#673ab7, 60) fill(stochKplot, stochDplot, title='KD Fill', color=stochFillColor) // Stoch Div plot(series = stochFractalTop ? stochK[2] : na, title='Stoch Bearish Divergence', color = stochBearDivColor, linewidth = 1, offset = -2) plot(series = stochFractalBot ? stochK[2] : na, title='Stoch Bullish Divergence', color = stochBullDivColor, linewidth = 1, offset = -2) // Schaff Trend Cycle plot(tcLine ? tcVal : na, color = color.new(#673ab7, 25), linewidth = 2, title = "Schaff Trend Cycle 1") plot(tcLine ? tcVal : na, color = color.new(colorWhite, 50), linewidth = 1, title = "Schaff Trend Cycle 2") // Draw Overbought & Oversold lines plot(obLevel, title = 'Over Bought Level 1', color = colorWhite, linewidth = 1, style = plot.style_cross, transp = 35) plot(obLevel2, title = 'Over Bought Level 2', color = colorWhite, linewidth = 1, style = plot.style_stepline, transp = 35) plot(obLevel3, title = 'Over Bought Level 3', color = colorWhite, linewidth = 2, style = plot.style_circles, transp = 35) plot(osLevel, title = 'Over Sold Level 1', color = colorWhite, linewidth = 1, style = plot.style_cross, transp = 35) plot(osLevel2, title = 'Over Sold Level 2', color = colorWhite, linewidth = 1, style = plot.style_stepline, transp = 35) // Sommi flag plotchar(sommiFlagShow and sommiBearish ? 108 : na, title = 'Sommi bearish flag', char='⚑', color = colorPink, location = location.absolute, size = size.tiny, transp = 0) plotchar(sommiFlagShow and sommiBullish ? -108 : na, title = 'Sommi bullish flag', char='⚑', color = colorBluelight, location = location.absolute, size = size.tiny, transp = 0) plot(sommiShowVwap ? ema(hvwap, 3) : na, title = 'Sommi higher VWAP', color = colorYellow, linewidth = 2, style = plot.style_line, transp = 15) // Sommi diamond plotchar(sommiDiamondShow and sommiBearishDiamond ? 108 : na, title = 'Sommi bearish diamond', char='◆', color = colorPink, location = location.absolute, size = size.tiny, transp = 0) plotchar(sommiDiamondShow and sommiBullishDiamond ? -108 : na, title = 'Sommi bullish diamond', char='◆', color = colorBluelight, location = location.absolute, size = size.tiny, transp = 0) // Circles plot(wtCross ? wt2 : na, title = 'Buy and sell circle', color = signalColor, style = plot.style_circles, linewidth = 3, transp = 15) plotchar(wtBuyShow and buySignal ? -107 : na, title = 'Buy circle', char='·', color = colorGreen, location = location.absolute, size = size.small, transp = 50) plotchar(wtSellShow and sellSignal ? 105 : na , title = 'Sell circle', char='·', color = colorRed, location = location.absolute, size = size.small, transp = 50) plotchar(wtDivShow and buySignalDiv ? -106 : na, title = 'Divergence buy circle', char='•', color = buySignalDiv_color, location = location.absolute, size = size.small, offset = -2, transp = 15) plotchar(wtDivShow and sellSignalDiv ? 106 : na, title = 'Divergence sell circle', char='•', color = sellSignalDiv_color, location = location.absolute, size = size.small, offset = -2, transp = 15) plotchar(wtGoldBuy and wtGoldShow ? -106 : na, title = 'Gold buy gold circle', char='•', color = colorOrange, location = location.absolute, size = size.small, offset = -2, transp = 15) // } DRAW // ALERTS { // BUY alertcondition(buySignal, 'Buy (Big green circle)', 'Green circle WaveTrend Oversold') alertcondition(buySignalDiv, 'Buy (Big green circle + Div)', 'Buy & WT Bullish Divergence & WT Overbought') alertcondition(wtGoldBuy, 'GOLD Buy (Big GOLDEN circle)', 'Green & GOLD circle WaveTrend Overbought') alertcondition(sommiBullish or sommiBullishDiamond, 'Sommi bullish flag/diamond', 'Blue flag/diamond') alertcondition(wtCross and wtCrossUp, 'Buy (Small green dot)', 'Buy small circle') // SELL alertcondition(sommiBearish or sommiBearishDiamond, 'Sommi bearish flag/diamond', 'Purple flag/diamond') alertcondition(sellSignal, 'Sell (Big red circle)', 'Red Circle WaveTrend Overbought') alertcondition(sellSignalDiv, 'Sell (Big red circle + Div)', 'Buy & WT Bearish Divergence & WT Overbought') alertcondition(wtCross and wtCrossDown, 'Sell (Small red dot)', 'Sell small circle') // } ALERTS