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Pivot Based Trailing Maxima & Minima (LuxAlgo)

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katrin.k1394
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© © All Rights Reserved
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13 views

Pivot Based Trailing Maxima & Minima (LuxAlgo)

Uploaded by

katrin.k1394
Copyright
© © All Rights Reserved
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This work is licensed under a Attribution-NonCommercial-ShareAlike 4.

0
International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/
// © LuxAlgo

//@version=5
indicator("Pivot Based Trailing Maxima & Minima [LuxAlgo]", "LuxAlgo - Pivot Based
Trailing Maxima & Minima", overlay = true, max_bars_back = 500, max_lines_count =
500)
//------------------------------------------------------------------------------
//Settings
//-----------------------------------------------------------------------------{
length = input.int(24, minval = 2, maxval = 500)
backpaint = input(false, tooltip = 'Backpainting offset displayed elements in the
past. Disable backpainting to see real time information returned by the
indicator.')

//Style
maxCss = input.color(color.teal, 'Trailing Maximum Color', group = 'Style')
minCss = input.color(color.red , 'Trailing Minimum Color', group = 'Style')
avgCss = input.color(#ff5d00 , 'Trailing Maximum Color', group = 'Style')

bullFill = input.color(color.new(color.teal,80), 'Uptrend Area' , group = 'Style')


bearFill = input.color(color.new(color.red,80) , 'Downtrend Area', group = 'Style')

//-----------------------------------------------------------------------------}
//Calculation
//-----------------------------------------------------------------------------{
var float max = na
var float min = na
var offset = backpaint ? length : 0

ph = ta.pivothigh(length, length)
pl = ta.pivotlow(length, length)

if ph or pl
max := high[length]
min := low[length]

max := math.max(high[offset], max)


min := math.min(low[offset], min)

avg = math.avg(max,min)

//-----------------------------------------------------------------------------}
//Non offset trailing max/min
//-----------------------------------------------------------------------------{
n = bar_index

max_prev = max
min_prev = min
avg_prev = avg
max2 = max
min2 = min

fill_css = fixnan(ph ? bearFill : pl ? bullFill : na)

if barstate.islast and backpaint


//Delete previously set lines
for line_object in line.all
line.delete(line_object)

//Loop trough calculation window


for i = 0 to length-1
max2 := math.max(high[length-1-i], max_prev)
min2 := math.min(low[length-1-i], min_prev)
avg2 = math.avg(max2, min2)

//Set lines
line1 = line.new(n-(length-i), max_prev, n-(length-1-i), max2, color=
maxCss)
line2 = line.new(n-(length-i), min_prev, n-(length-1-i), min2, color=
minCss)
linefill.new(line1,line2,color.new(fill_css, 80))

line.new(n-(length-i), avg_prev, n-(length-1-i), avg2, color= avgCss)

max_prev := max2
min_prev := min2
avg_prev := avg2

//-----------------------------------------------------------------------------}
//Plots
//-----------------------------------------------------------------------------{
plot1 = plot(max, 'Trailing Maximum'
, ph or pl ? na : maxCss
, 1
, plot.style_linebr
, offset = -offset)

plot2 = plot(min, 'Trailing Minimum'


, ph or pl ? na : minCss
, 1
, plot.style_linebr
, offset = -offset)

plot(avg, 'Average'
, ph or pl ? na : avgCss
, 1
, plot.style_linebr
, offset = -offset)

fill(plot1, plot2, ph or pl ? na : fill_css)

//Labels
plotshape(pl ? pl : na, "Pivot High"
, shape.labelup
, location.absolute
, maxCss
, -offset
, text = "▲"
, textcolor = color.white
, size = size.tiny)

plotshape(ph ? ph : na, "Pivot Low"


, shape.labeldown
, location.absolute
, minCss
, -offset
, text = "▼"
, textcolor = color.white
, size = size.tiny)

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

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