BannonMan85
New member
- Platform
-
- TradingView
Can we get this converted to TOS, please?
Code:
//
// @author LazyBear
// modified by KıvanÇ @fr3762 on twitter
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study(shorttitle = "SQZMOMv2", title="Squeeze Momentum Indicator [LazyBear] Version2 by KıvanÇ fr3762", overlay=false)
length = input(20, title="BB Length")
mult = input(2.0,title="BB MultFactor")
lengthKC=input(20, title="KC Length")
multKC = input(1.5, title="KC MultFactor")
SignalPeriod=input(5, title="Signal Length")
useTrueRange = input(true, title="Use TrueRange (KC)", type=bool)
// Calculate BB
source = close
basis = sma(source, length)
dev = multKC * stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev
// Calculate KC
ma = sma(source, lengthKC)
range = useTrueRange ? tr : (high - low)
rangema = sma(range, lengthKC)
upperKC = ma + rangema * multKC
lowerKC = ma - rangema * multKC
sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC)
sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC)
noSqz = (sqzOn == false) and (sqzOff == false)
val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)),
lengthKC,0)
bcolor = iff( val > 0,
iff( val > nz(val[1]), lime, green),
iff( val < nz(val[1]), red, maroon))
scolor = noSqz ? blue : sqzOn ? black : gray
plot(val, color=blue, linewidth=2)
plot(0, color=scolor, style=cross, linewidth=2)
plot(sma(val,SignalPeriod), color=red, linewidth=2)