ProRealtime Code
//PRC_RMI Trend Sniper
//version = 0
//26.03.24
//Iv?n Gonz?lez @ www.prorealcode.com
//Sharing ProRealTime knowledge
//-----Inputs----------------------------------------------//
Length=14//RMI Length
pmom=66//Positive above
nmom=30//Negative below
filleshow=1//Show Range MA
colorbar=1//Color candles
drawsignals=1//Show arrows
//-----RSI and MFI calculation-----------------------------//
alpha = 1/length
//-----Up
src1 = max(close-close[1],0)
if barindex = length then
up = average[length](src1)
else
up = alpha*src1 + (1-alpha)*up[1]
endif
//-----Down
src2 = - min(close-close[1],0)
if barindex = length then
down = average[length](src2)
else
down = alpha*src2 + (1-alpha)*down[1]
endif
//-----Rsi
if down = 0 then
myrsi = 100
elsif up = 0 then
myrsi = 0
else
myrsi = 100 - (100/(1+up/down))
endif
//-----MFI
mfi = MoneyFlowIndex[length]
//-----RsiMfi
rsimfi = (myrsi+mfi)/2
//----------------------------------------------------------//
//-----Long Short Conditions--------------------------------//
ema = average[5,1](close)

bpmom = rsimfi[1]<pmom and rsimfi>pmom and rsimfi>nmom and (ema-ema[1])>0
bnmom = rsimfi<nmom and (ema-ema[1])<0

if bpmom then
positive = 1
negative = 0
elsif bnmom then
positive = 0
negative = 1
endif
//----------------------------------------------------------//
//------Calculate RWMA--------------------------------------//
band = min(averagetruerange[30]*0.3,close*(0.3/100))[20]/2*8
barRange = high-low

weight = BarRange/summation[20](BarRange)
sum = summation[20](close*weight)
tw = summation[20](weight)
rwma = sum/tw

if positive then
rwma = rwma-band
r=0
g=188
b=212
elsif negative then
rwma = rwma+band
r=255
g=82
b=82
else
rwma = undefined
endif
//------------------------------------------------------------//
//-----Calculate MA bands-------------------------------------//
if filleshow then
mitop = rwma+band
mibot = rwma-band
colorbetween(mitop,rwma,r,g,b,50)
colorbetween(mibot,rwma,r,g,b,50)
else
mitop = rwma
mibot = rwma
endif
//-----------------------------------------------------------//
//-----Draw signals------------------------------------------//
if drawsignals then
if negative and not negative[1] then
drawarrowdown(barindex,mitop+(band/2))coloured("red")
elsif positive and not positive[1] then
drawarrowup(barindex,mibot-(band/2))coloured("green")
endif
endif
//-----------------------------------------------------------//
//-----Color Candles-----------------------------------------//
if colorbar then
drawcandle(open,high,low,close)coloured(r,g,b)
endif
//-----------------------------------------------------------//
return rwma as "Rwma"coloured(r,g,b)style(line,3), mitop as "Max"coloured(r,g,b,70)style(line,1),mibot as "Min" coloured(r,g,b,70)style(line,1)


// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © TZack88

//@version=5
indicator('RMI Trend Sniper', overlay=true,max_labels_count = 500)

// ** ---> Inputs ------------- {
var bool positive = false
var bool negative = false
string RSI_group = "RMI Settings"
string mom_group = "Range Vales"
string visual = "Visuals"
int Length = input(14,"RMI Length ",inline = "RMI",group = RSI_group)
int pmom = input(66," Positive above",inline = "rsi1",group =RSI_group )
int nmom = input(30,"Negative below",inline = "rsi1",group =RSI_group )
bool filleshow = input(true,"Show Range MA ",inline = "002",group =visual )
color bull = input(#00bcd4,"",inline = "002",group =visual )
color bear = input(#ff5252,"",inline = "002",group =visual )
float BarRange = high - low

up = ta.rma(math.max(ta.change(close), 0), Length)
down = ta.rma(-math.min(ta.change(close), 0), Length)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
mf = ta.mfi(hlc3, Length)
rsi_mfi = math.avg(rsi,mf)



//------------------- }

bool p_mom = rsi_mfi[1] < pmom and
rsi_mfi > pmom and
rsi_mfi > nmom and
ta.change(ta.ema(close,5)) > 0

bool n_mom = rsi_mfi < nmom and
ta.change(ta.ema(close,5)) < 0
// // ---> Momentums ------------- {

if p_mom
positive:= true
negative:= false

if n_mom
positive:= false
negative:= true



//
method _Band(int len)=>
math.min (ta.atr (len) * 0.3, close * (0.3/100)) [20] /2 * 8


Band = _Band(30)


method rangeMA(float Range,Prd)=>
weight = Range / math.sum(Range, Prd)
sum = math.sum(close * weight, Prd)
tw= math.sum(weight, Prd)
sum / tw


// Calculate the RWMA
rwma = rangeMA(BarRange,20)

// Plotting the RWMA.
colour = positive ? bull : bear
RWMA = positive ? rwma - Band : negative ? rwma + Band : na
alpha = color.new(color.black, 100)

center = plot(filleshow ? RWMA : na, "RRTH", colour, editable = true)
plot(filleshow ? RWMA : na, "RRTH", color.new(colour, 70), 2, editable = true)
plot(filleshow ? RWMA : na, "RRTH", color.new(colour, 80), 3, editable = true)
plot(filleshow ? RWMA : na, "RRTH", color.new(colour, 90), 4, editable = true)

max = RWMA + Band
min = RWMA - Band

top = plot(filleshow ? max: na, "RRTH", alpha)
bottom = plot(filleshow ? min: na, "RRTH", alpha)
fill(top, center, top_value = max, bottom_value = RWMA, bottom_color = color.new(colour, 75), top_color = alpha, editable = true)
fill(center, bottom, top_value = RWMA, bottom_value = min, bottom_color = alpha, top_color = color.new(colour, 75), editable = true)
Barcol = positive ? color.green:color.red

if negative and not negative[1]
label.new(bar_index,max+(Band/2),"",color = color.red,size=size.small)
if positive and not positive[1]
label.new(bar_index,min-(Band/2),"",color = color.green,size=size.small,style= label.style_label_up)

plotcandle(open, high, low, close,color = Barcol,wickcolor = Barcol,bordercolor = Barcol)
barcolor(color = Barcol)


// SPOT Trading Alerts
alertcondition(positive and not positive[1],"BUY")
alertcondition(negative and not negative[1],"SELL")