//@version=5 indicator(title = "Smoothed Moving Average + Trendlines", shorttitle="SMMA", overlay=true) len = input.int(7, minval=1, title="Length") src1 = input(close, title="Source") smma = 0.0 smma := na(smma[1]) ? ta.sma(src1, len) : (smma[1] * (len - 1) + src1) / len plot(smma, color=#673AB7) //------------------------------------------------------------------------------ //Settings //-----------------------------------------------------------------------------{ length = input.int(14, 'Swing Detection Lookback') mult = input.float(1., 'Slope', minval = 0, step = .1) calcMethod = input.string('Atr', 'Slope Calculation Method', options = ['Atr','Stdev','Linreg']) backpaint = input(true, tooltip = 'Backpainting offset displayed elements in the past. Disable backpainting to see real time information returned by the indicator.') //Style upCss = input.color(color.teal, 'Up Trendline Color', group = 'Style') dnCss = input.color(color.red, 'Down Trendline Color', group = 'Style') showExt = input(true, 'Show Extended Lines') //-----------------------------------------------------------------------------} //Calculations //-----------------------------------------------------------------------------{ var upper = 0. var lower = 0. var slope_ph = 0. var slope_pl = 0. var offset = backpaint ? length : 0 n = bar_index src = close ph = ta.pivothigh(length, length) pl = ta.pivotlow(length, length) //Slope Calculation Method slope = switch calcMethod 'Atr' => ta.atr(length) / length * mult 'Stdev' => ta.stdev(src,length) / length * mult 'Linreg' => math.abs(ta.sma(src * n, length) - ta.sma(src, length) * ta.sma(n, length)) / ta.variance(n, length) / 2 * mult //Get slopes and calculate trendlines slope_ph := ph ? slope : slope_ph slope_pl := pl ? slope : slope_pl upper := ph ? ph : upper - slope_ph lower := pl ? pl : lower + slope_pl var upos = 0 var dnos = 0 upos := ph ? 0 : close > upper - slope_ph * length ? 1 : upos dnos := pl ? 0 : close < lower + slope_pl * length ? 1 : dnos //-----------------------------------------------------------------------------} //Extended Lines //-----------------------------------------------------------------------------{ var uptl = line.new(na,na,na,na, color = upCss, style = line.style_dashed, extend = extend.right) var dntl = line.new(na,na,na,na, color = dnCss, style = line.style_dashed, extend = extend.right) if ph and showExt uptl.set_xy1(n-offset, backpaint ? ph : upper - slope_ph * length) uptl.set_xy2(n-offset+1, backpaint ? ph - slope : upper - slope_ph * (length+1)) if pl and showExt dntl.set_xy1(n-offset, backpaint ? pl : lower + slope_pl * length) dntl.set_xy2(n-offset+1, backpaint ? pl + slope : lower + slope_pl * (length+1)) //-----------------------------------------------------------------------------} //Plots //-----------------------------------------------------------------------------{ plot(backpaint ? upper : upper - slope_ph * length, 'Upper', color = ph ? na : upCss, offset = -offset) plot(backpaint ? lower : lower + slope_pl * length, 'Lower', color = pl ? na : dnCss, offset = -offset) //Breakouts plotshape(upos > upos[1] ? low : na, "Upper Break" , shape.labelup , location.absolute , upCss , text = "B" , textcolor = color.white , size = size.tiny) plotshape(dnos > dnos[1] ? high : na, "Lower Break" , shape.labeldown , location.absolute , dnCss , text = "B" , textcolor = color.white , size = size.tiny) //-----------------------------------------------------------------------------} //Alerts //-----------------------------------------------------------------------------{ alertcondition(upos > upos[1], 'Upward Breakout', 'Price broke the down-trendline upward') alertcondition(dnos > dnos[1], 'Downward Breakout', 'Price broke the up-trendline downward') //-----------------------------------------------------------------------------}