// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // Credits to the original Script - Range Filter DonovanWall https://www.tradingview.com/script/lut7sBgG-Range-Filter-DW/ // This version is the old version of the Range Filter with less settings to tinker with //@version=4 study(title="Range Filter - B&S Signals", shorttitle="RF - B&S Signals", overlay=true) //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Functions //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Range Size Function rng_size(x, qty, n)=> // AC = Cond_EMA(abs(x - x[1]), 1, n) wper = (n*2) - 1 avrng = ema(abs(x - x[1]), n) AC = ema(avrng, wper)*qty rng_size = AC //Range Filter Function rng_filt(x, rng_, n)=> r = rng_ var rfilt = array.new_float(2, x) array.set(rfilt, 1, array.get(rfilt, 0)) if x - r > array.get(rfilt, 1) array.set(rfilt, 0, x - r) if x + r < array.get(rfilt, 1) array.set(rfilt, 0, x + r) rng_filt1 = array.get(rfilt, 0) hi_band = rng_filt1 + r lo_band = rng_filt1 - r rng_filt = rng_filt1 [hi_band, lo_band, rng_filt] //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Inputs //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Range Source rng_src = input(defval=close, type=input.source, title="Swing Source") //Range Period rng_per = input(defval=20, minval=1, title="Swing Period") //Range Size Inputs rng_qty = input(defval=3.5, minval=0.0000001, title="Swing Multiplier") //Bar Colors use_barcolor = input(defval=false, type=input.bool, title="Bar Colors On/Off") //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Definitions //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Range Filter Values [h_band, l_band, filt] = rng_filt(rng_src, rng_size(rng_src, rng_qty, rng_per), rng_per) //Direction Conditions var fdir = 0.0 fdir := filt > filt[1] ? 1 : filt < filt[1] ? -1 : fdir upward = fdir==1 ? 1 : 0 downward = fdir==-1 ? 1 : 0 //Trading Condition longCond = rng_src > filt and rng_src > rng_src[1] and upward > 0 or rng_src > filt and rng_src < rng_src[1] and upward > 0 shortCond = rng_src < filt and rng_src < rng_src[1] and downward > 0 or rng_src < filt and rng_src > rng_src[1] and downward > 0 CondIni = 0 CondIni := longCond ? 1 : shortCond ? -1 : CondIni[1] longCondition = longCond and CondIni[1] == -1 shortCondition = shortCond and CondIni[1] == 1 //Colors filt_color = upward ? #05ff9b : downward ? #ff0583 : #cccccc bar_color = upward and (rng_src > filt) ? (rng_src > rng_src[1] ? #05ff9b : #00b36b) : downward and (rng_src < filt) ? (rng_src < rng_src[1] ? #ff0583 : #b8005d) : #cccccc //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Outputs //----------------------------------------------------------------------------------------------------------------------------------------------------------------- //Filter Plot filt_plot = plot(filt, color=filt_color, transp=67, linewidth=3, title="Filter") //Band Plots h_band_plot = plot(h_band, color=color.new(#05ff9b, 100), title="High Band") l_band_plot = plot(l_band, color=color.new(#ff0583, 100), title="Low Band") //Band Fills fill(h_band_plot, filt_plot, color=color.new(#00b36b, 92), title="High Band Fill") fill(l_band_plot, filt_plot, color=color.new(#b8005d, 92), title="Low Band Fill") //Bar Color barcolor(use_barcolor ? bar_color : na) //Plot Buy and Sell Labels plotshape(longCondition, title = "Buy Signal", text ="BUY", textcolor = color.white, style=shape.labelup, size = size.normal, location=location.belowbar, color = color.new(color.green, 0)) plotshape(shortCondition, title = "Sell Signal", text ="SELL", textcolor = color.white, style=shape.labeldown, size = size.normal, location=location.abovebar, color = color.new(color.red, 0)) //Alerts alertcondition(longCondition, title="Buy Alert", message = "BUY") alertcondition(shortCondition, title="Sell Alert", message = "SELL")