Its a good signal indicator that allows us to see range market for filtering.
https://www.tradingview.com/script/LVsN ... hartPrime/
Code: Select all
//@version=5
indicator("Sentiment Range MA [ChartPrime]", overlay = true, timeframe = "", timeframe_gaps = false)
simple_filter(float source, int length, bool duel_filter)=>
switch duel_filter
false => ta.wma(source, length)
true => ta.wma(ta.sma(source, length), length)
sr_ma(float source = close, int output_smoothing = 3, int trigger_smoothing = 1, int atr_length = 50, float multiplier = 1, string range_switch = "Body", bool duel_filter = false)=>
candle_top = range_switch != "Body" ? high : math.max(open, close)
candle_bottom = range_switch != "Body" ? low : math.min(open, close)
smooth_top = ta.sma(candle_top, trigger_smoothing)
smooth_bottom = ta.sma(candle_bottom, trigger_smoothing)
tr = candle_top - candle_bottom
atr = ta.sma(tr, atr_length)
var float sr_ma = na
var float current_range = na
var float top_range = na
var float bottom_range = na
flag = smooth_top > top_range or smooth_bottom < bottom_range or na(current_range)
if flag
sr_ma := source
current_range := atr * multiplier
top_range := sr_ma + current_range
bottom_range := sr_ma - current_range
out = simple_filter(sr_ma, output_smoothing, duel_filter)
smooth_top_range = simple_filter(top_range, output_smoothing, duel_filter)
smooth_bottom_range = simple_filter(bottom_range, output_smoothing, duel_filter)
[out, smooth_top_range, smooth_bottom_range]
source = input.source(close, "Source", group = "Settings")
output_smoothing = input.int(20, "Length", minval = 0, group = "Settings") + 1
use_double = input.bool(true, "Double Filter", group = "Settings")
smoothing = input.int(4, "Trigger Smoothing", minval = 0, group = "Settings") + 1
atr_length = input.int(200, "ATR Length", minval = 1, group = "Settings")
multiplier = input.float(6, "Range Multiplier", minval = 0, step = 0.125, group = "Settings")
range_switch = input.string("Body", "Range Style", ["Body", "Wick"], group = "Settings")
style = input.string("MA Direction", "Color Style", ["MA Direction", "MA Cross", "Solid"], group = "Color")
bullish_color = input.color(color.rgb(33, 255, 120), "Bullish Color", group = "Color")
bearish_color = input.color(color.rgb(255, 33, 33), "Bearish Color", group = "Color")
neutral_color = input.color(color.rgb(137, 137, 137), "Neutral Color", "This doubles as the solid color.", group = "Color")
[sr_ma, top_range, bottom_range] = sr_ma(source, output_smoothing, smoothing, atr_length, multiplier, range_switch, use_double)
var color ma_delta = na
var color ma_cross = na
plot_neutral = high > sr_ma and low < sr_ma
plot_bullish = low > sr_ma
plot_bearish = high < sr_ma
if plot_bullish
ma_cross := bullish_color
if plot_bearish
ma_cross := bearish_color
if plot_neutral
ma_cross := neutral_color
ma_delta_neutral = sr_ma - nz(sr_ma[1]) == 0
ma_delta_bullish = sr_ma - nz(sr_ma[1]) > 0
ma_delta_bearish = sr_ma - nz(sr_ma[1]) < 0
if ma_delta_bullish
ma_delta := bullish_color
if ma_delta_bearish
ma_delta := bearish_color
if ma_delta_neutral
ma_delta := neutral_color
ma_color = style == "MA Cross"? ma_cross : style == "MA Direction" ? ma_delta : neutral_color
alpha = color.new(color.red, 100)
ma = plot(sr_ma, "SR MA", ma_color, 3)
top = plot(top_range, "Top Range", alpha)
bottom = plot(bottom_range, "Bottom Range", alpha)
fill(ma, top, top_value = top_range, bottom_value = sr_ma, bottom_color = color.new(ma_color, 82), top_color = alpha)
fill(ma, bottom, top_value = sr_ma, bottom_value = bottom_range, top_color = color.new(ma_color, 82), bottom_color = alpha)
