UT Bot Alerts - convert to ToS

L

lovetotrade

Member
Platform
  1. Thinkorswim
  2. TradingView
hello amazing group, i found a great system base on two indicators, here are the scripts:

1-linear regression candles:

Code: 
//@version=4
study(title="UT Bot Alerts", overlay = true)
// Inputs
a = input(1,     title = "Key Vaule. 'This changes the sensitivity'")
c = input(10,    title = "ATR Period")
h = input(false, title = "Signals from Heikin Ashi Candles")
xATR  = atr(c)
nLoss = a * xATR
src = h ? security(heikinashi(syminfo.tickerid), timeframe.period, close, lookahead = false) : close
xATRTrailingStop = 0.0
xATRTrailingStop := iff(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
   iff(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
   iff(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss)))
 
pos = 0  
pos :=   iff(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
   iff(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0)))
  
xcolor = pos == -1 ? color.red: pos == 1 ? color.green : color.blue
ema   = ema(src,1)
above = crossover(ema, xATRTrailingStop)
below = crossover(xATRTrailingStop, ema)
buy  = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
barbuy  = src > xATRTrailingStop
barsell = src < xATRTrailingStop
plotshape(buy,  title = "Buy",  text = 'Buy',  style = shape.labelup,   location = location.belowbar, color= color.green, textcolor = color.white, transp = 0, size = size.tiny)
plotshape(sell, title = "Sell", text = 'Sell', style = shape.labeldown, location = location.abovebar, color= color.red,   textcolor = color.white, transp = 0, size = size.tiny)
barcolor(barbuy  ? color.green : na)
barcolor(barsell ? color.red   : na)
alertcondition(buy,  "UT Long",  "UT Long")
alertcondition(sell, "UT Short", "UT Short")

the second indicator is UT Bot Alerts:

Code: 
//@version=4
study(title="UT Bot Alerts", overlay = true)
// Inputs
a = input(1,     title = "Key Vaule. 'This changes the sensitivity'")
c = input(10,    title = "ATR Period")
h = input(false, title = "Signals from Heikin Ashi Candles")
xATR  = atr(c)
nLoss = a * xATR
src = h ? security(heikinashi(syminfo.tickerid), timeframe.period, close, lookahead = false) : close
xATRTrailingStop = 0.0
xATRTrailingStop := iff(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
   iff(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
   iff(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss)))
 
pos = 0  
pos :=   iff(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
   iff(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0)))
  
xcolor = pos == -1 ? color.red: pos == 1 ? color.green : color.blue
ema   = ema(src,1)
above = crossover(ema, xATRTrailingStop)
below = crossover(xATRTrailingStop, ema)
buy  = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
barbuy  = src > xATRTrailingStop
barsell = src < xATRTrailingStop
plotshape(buy,  title = "Buy",  text = 'Buy',  style = shape.labelup,   location = location.belowbar, color= color.green, textcolor = color.white, transp = 0, size = size.tiny)
plotshape(sell, title = "Sell", text = 'Sell', style = shape.labeldown, location = location.abovebar, color= color.red,   textcolor = color.white, transp = 0, size = size.tiny)
barcolor(barbuy  ? color.green : na)
barcolor(barsell ? color.red   : na)
alertcondition(buy,  "UT Long",  "UT Long")
alertcondition(sell, "UT Short", "UT Short")

i hope @barbaros can help me, thanks in advance
 
Last edited by a moderator:
L

lovetotrade

Member
lovetotrade said:
hello amazing group, i found a great system base on two indicators, here are the scripts:

1-linear regression candles:

//@version=4
study(title="UT Bot Alerts", overlay = true)
// Inputs
a = input(1, title = "Key Vaule. 'This changes the sensitivity'")
c = input(10, title = "ATR Period")
h = input(false, title = "Signals from Heikin Ashi Candles")
xATR = atr(c)
nLoss = a * xATR
src = h ? security(heikinashi(syminfo.tickerid), timeframe.period, close, lookahead = false) : close
xATRTrailingStop = 0.0
xATRTrailingStop := iff(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
iff(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
iff(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss)))

pos = 0
pos := iff(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
iff(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0)))

xcolor = pos == -1 ? color.red: pos == 1 ? color.green : color.blue
ema = ema(src,1)
above = crossover(ema, xATRTrailingStop)
below = crossover(xATRTrailingStop, ema)
buy = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
barbuy = src > xATRTrailingStop
barsell = src < xATRTrailingStop
plotshape(buy, title = "Buy", text = 'Buy', style = shape.labelup, location = location.belowbar, color= color.green, textcolor = color.white, transp = 0, size = size.tiny)
plotshape(sell, title = "Sell", text = 'Sell', style = shape.labeldown, location = location.abovebar, color= color.red, textcolor = color.white, transp = 0, size = size.tiny)
barcolor(barbuy ? color.green : na)
barcolor(barsell ? color.red : na)
alertcondition(buy, "UT Long", "UT Long")
alertcondition(sell, "UT Short", "UT Short")

the second indicator is UT Bot Alerts:

//@version=4
study(title="UT Bot Alerts", overlay = true)
// Inputs
a = input(1, title = "Key Vaule. 'This changes the sensitivity'")
c = input(10, title = "ATR Period")
h = input(false, title = "Signals from Heikin Ashi Candles")
xATR = atr(c)
nLoss = a * xATR
src = h ? security(heikinashi(syminfo.tickerid), timeframe.period, close, lookahead = false) : close
xATRTrailingStop = 0.0
xATRTrailingStop := iff(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
iff(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
iff(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss)))

pos = 0
pos := iff(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
iff(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0)))

xcolor = pos == -1 ? color.red: pos == 1 ? color.green : color.blue
ema = ema(src,1)
above = crossover(ema, xATRTrailingStop)
below = crossover(xATRTrailingStop, ema)
buy = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
barbuy = src > xATRTrailingStop
barsell = src < xATRTrailingStop
plotshape(buy, title = "Buy", text = 'Buy', style = shape.labelup, location = location.belowbar, color= color.green, textcolor = color.white, transp = 0, size = size.tiny)
plotshape(sell, title = "Sell", text = 'Sell', style = shape.labeldown, location = location.abovebar, color= color.red, textcolor = color.white, transp = 0, size = size.tiny)
barcolor(barbuy ? color.green : na)
barcolor(barsell ? color.red : na)
alertcondition(buy, "UT Long", "UT Long")
alertcondition(sell, "UT Short", "UT Short")

i hope @barbaros can help me, thanks in advance
Click to expand...
here is the video where i found the system, i hope can help the group:

 
barbaros

barbaros

Administrator
Staff member
463g909.png
 
L

lovetotrade

Member
here is the code for the linear regression candles:

Code: 
//@version=4
study(title="Humble LinReg Candles", shorttitle="LinReg Candles", format=format.price, precision=4, overlay=true)
signal_length = input(title="Signal Smoothing", type=input.integer, minval = 1, maxval = 200, defval = 11)
sma_signal = input(title="Simple MA (Signal Line)", type=input.bool, defval=true)
lin_reg = input(title="Lin Reg", type=input.bool, defval=true)
linreg_length = input(title="Linear Regression Length", type=input.integer, minval = 1, maxval = 200, defval = 11)
bopen = lin_reg ? linreg(open, linreg_length, 0) : open
bhigh = lin_reg ? linreg(high, linreg_length, 0) : high
blow = lin_reg ? linreg(low, linreg_length, 0) : low
bclose = lin_reg ? linreg(close, linreg_length, 0) : close
r = bopen < bclose
signal = sma_signal ? sma(bclose, signal_length) : ema(bclose, signal_length)
plotcandle(r ? bopen : na, r ? bhigh : na, r ? blow: na, r ? bclose : na, title="LinReg Candles", color= color.green, wickcolor=color.green, bordercolor=color.green, editable= true)
plotcandle(r ? na : bopen, r ? na : bhigh, r ? na : blow, r ? na : bclose, title="LinReg Candles", color=color.red, wickcolor=color.red, bordercolor=color.red, editable= true)
plot(signal, color=color.white)
 
Last edited by a moderator:
barbaros

barbaros

Administrator
Staff member
This is a pretty bad representation in that video. Did you notice he is trying to show that he would take a trade on the linear regression candles? Those are fake candles. You wouldn't be able to get filled at the price levels he is showing. You would need to wait until the regular candle closes before take a trade. In some cases, the real candles might be higher than the linreg candles. Also, why do you even need the linreg candles. If you adjust the UT Bot and you are waiting for confluence, you would rely mostly on UT Bot.
 
L

lovetotrade

Member
barbaros said:
This is a pretty bad representation in that video. Did you notice he is trying to show that he would take a trade on the linear regression candles? Those are fake candles. You wouldn't be able to get filled at the price levels he is showing. You would need to wait until the regular candle closes before take a trade. In some cases, the real candles might be higher than the linreg candles. Also, why do you even need the linreg candles. If you adjust the UT Bot and you are waiting for confluence, you would rely mostly on UT Bot.
Click to expand...
you are so right @barbaros .. thank you very much
 
You must log in or register to reply here.
Top