TREND METER
I find it very effective for scalping.
https://www.tradingview.com/v/Ciurp4Qn/
Code: Select all
//@version=4
// Created By Lij_MC
//
// Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
//
// The indicator consists of 3 different Trend Meters and 2 Trend Bars which are used to confirm trend
//
// As a bonus Wave Trend Signals are marked as well, these are very powerful however please use with caution
//
// How to Use
//
// Look for Support or Resistance Levels for price to be attracted to
//
// Be CAUTIOUS of trading BREAKOUTs as 9 out of 10 Breakouts Fail
//
// Find confluence with other indicators
//
// Enter Long above the Setup Bar
//
// Enter Short Below the Setup Bar
study(title="Trend Meter")
// Inputs / Menus
PosNegPressure = input(true, "Pos / Neg Pressure", tooltip= "Positive Pressure = RSI14 and Wave Trend Over Sold with WT Delta Pointing Up Negative Pressure = RSI14 and Wave Trend Over Bought with WT Delta Pointing Down", group = "Signals")
TMSetups = input(true, "Trend Meter Signal", tooltip="All 3 Trend Meters Now Align", group = "Signals")
TMSetupsANDWT = input(true, "Wave Trend Cross Aligns with Trend Meter Signal", group = "Signals")
TrendBar1 = input(title="Trend Meter 1", defval="MACD Crossover - Fast - 8, 21, 5", options=["MACD Crossover - 12, 26, 9", "MACD Crossover - Fast - 8, 21, 5", "Mom Dad Cross (Top Dog Trading)", "RSI Signal Line Cross - RSI 13, Sig 21", "RSI 13: > or < 50", "RSI 5: > or < 50", "Trend Candles", "N/A"], group = "Trend Meters") // "MA Crossover", "DAD Direction (Top Dog Trading)",
TrendBar2 = input(title="Trend Meter 2", defval="RSI 13: > or < 50", options=["MACD Crossover - 12, 26, 9", "MACD Crossover - Fast - 8, 21, 5", "Mom Dad Cross (Top Dog Trading)", "RSI Signal Line Cross - RSI 13, Sig 21", "RSI 13: > or < 50", "RSI 5: > or < 50", "Trend Candles", "N/A"], group = "Trend Meters") // "MA Crossover", "DAD Direction (Top Dog Trading)",
TrendBar3 = input(title="Trend Meter 3", defval="RSI 5: > or < 50", options=["MACD Crossover - 12, 26, 9", "MACD Crossover - Fast - 8, 21, 5", "Mom Dad Cross (Top Dog Trading)", "RSI Signal Line Cross - RSI 13, Sig 21", "RSI 13: > or < 50", "RSI 5: > or < 50", "Trend Candles", "N/A"], group = "Trend Meters") // "MA Crossover", "DAD Direction (Top Dog Trading)",
////////////////Signals - Wave Trend/////////////////////////////////////////////////////////////////////////////////////////////////
// Wave Trend - RSI
RSIMC = rsi(close, 14)
// Wave Trend
ap = hlc3 // input(hlc3, "Wave Trend - Source")
n1 = 9 //input(9, "Wave Trend - WT Channel Length")
n2 = 12 // input(12, "Wave Trend - WT Average Length")
esa = ema(ap, n1)
de = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * de)
tci = ema(ci, n2)
wt1 = tci
wt2 = sma(wt1, 3)
YellowWave= wt1 -wt2
// Wave Trend - Overbought & Oversold lines
obLevel2 = 60 // input( 60, "Wave Trend - WT Very Overbought")
obLevel = 50 // input( 50, "Wave Trend - WT Overbought")
osLevel = -50 // input(-50, "Wave Trend - WT Oversold")
osLevel2 = -60 // input(-60, "Wave Trend - WT Very Oversold")
// Wave Trend - Conditions
WTCross = cross(wt1, wt2)
WTCrossUp = wt2 - wt1 <= 0
WTCrossDown = wt2 - wt1 >= 0
WTOverSold = wt2 <= osLevel2
WTOverBought = wt2 >= obLevel2
// MA Inputs
ShowTrendBar1 = input(true, "Trend Bar 1", group = "Trend Bar 1", inline = "Trend Bar 1")
ShowTrendBar2 = input(true, "Trend Bar 2", group = "Trend Bar 2", inline = "Trend Bar 2")
TrendBar4 = input(title="", defval="MA Crossover", options=["MA Crossover", "MA Direction - Fast MA - TB1", "MA Direction - Slow MA - TB1"], group = "Trend Bar 1", inline = "Trend Bar 1") // "MACD Crossover - 12, 26 9", "MACD Crossover - Fast - 8, 21, 5", "DAD Direction (Top Dog Trading)",
TrendBar5 = input(title="", defval="MA Crossover", options=["MA Crossover", "MA Direction - Fast MA - TB2", "MA Direction - Slow MA - TB2"], group = "Trend Bar 2", inline = "Trend Bar 2") // "MACD Crossover - 12, 26 9", "MACD Crossover - Fast - 8, 21, 5", "DAD Direction (Top Dog Trading)",
MA1_Length = input(5, title='Fast MA', minval=1, group = "Trend Bar 1", inline = "TB1 Fast")
MA1_Type = input( title='', defval="EMA", options=["EMA", "SMA"], group = "Trend Bar 1", inline = "TB1 Fast")
MA2_Length = input(11, title='Slow MA', minval=1, group = "Trend Bar 1", inline = "TB1 Slow")
MA2_Type = input( title='', defval="EMA", options=["EMA", "SMA"], group = "Trend Bar 1", inline = "TB1 Slow")
MA3_Length = input(13, title='Fast MA', minval=1, group = "Trend Bar 2", inline = "TB2 Fast")
MA3_Type = input( title='', defval="EMA", options=["EMA", "SMA"], group = "Trend Bar 2", inline = "TB2 Fast")
MA4_Length = input(36, title='Slow MA', minval=1, group = "Trend Bar 2", inline = "TB2 Slow")
MA4_Type = input( title='', defval="SMA", options=["EMA", "SMA"], group = "Trend Bar 2", inline = "TB2 Slow")
// MA Calculations
Close = close //security(syminfo.tickerid, timeframe.period, close, barmerge.lookahead_off)
MA1 = if MA1_Type == "SMA"
sma(Close, MA1_Length)
else
ema(Close, MA1_Length)
MA2 = if MA2_Type == "SMA"
sma(Close, MA2_Length)
else
ema(Close, MA2_Length)
MA3 = if MA3_Type == "SMA"
sma(Close, MA3_Length)
else
ema(Close, MA3_Length)
MA4 = if MA4_Type == "SMA"
sma(Close, MA4_Length)
else
ema(Close, MA4_Length)
// MA Crossover Condition
MACrossover1 = MA1 > MA2 ? 1 : 0
MACrossover2 = MA3 > MA4 ? 1 : 0
// MA Direction Condition
MA1Direction = MA1 > MA1[1] ? 1 : 0
MA2Direction = MA2 > MA2[1] ? 1 : 0
MA3Direction = MA3 > MA3[1] ? 1 : 0
MA4Direction = MA4 > MA4[1] ? 1 : 0
// MA Direction Change Condition
MA1PositiveDirectionChange = MA1Direction and not MA1Direction[1] ? 1 : 0
MA2PositiveDirectionChange = MA2Direction and not MA2Direction[1] ? 1 : 0
MA3PositiveDirectionChange = MA3Direction and not MA3Direction[1] ? 1 : 0
MA4PositiveDirectionChange = MA4Direction and not MA4Direction[1] ? 1 : 0
MA1NegativeDirectionChange = not MA1Direction and MA1Direction[1] ? 1 : 0
MA2NegativeDirectionChange = not MA2Direction and MA2Direction[1] ? 1 : 0
MA3NegativeDirectionChange = not MA3Direction and MA3Direction[1] ? 1 : 0
MA4NegativeDirectionChange = not MA4Direction and MA4Direction[1] ? 1 : 0
// MACD and MOM & DAD - Top Dog Trading
// Standard MACD Calculations
MACDfastMA = 12
MACDslowMA = 26
MACDsignalSmooth = 9
MACDLine = ema(close, MACDfastMA) - ema(close, MACDslowMA)
SignalLine = ema(MACDLine, MACDsignalSmooth)
MACDHistogram = MACDLine - SignalLine
// MACD- Background Color Change Condition
MACDHistogramCross = MACDHistogram > 0 ? 1 : 0
MACDLineOverZero = MACDLine > 0 ? 1 : 0
MACDLineOverZeroandHistogramCross = MACDHistogramCross and MACDLineOverZero ? 1 : 0
MACDLineUnderZeroandHistogramCross = not MACDHistogramCross and not MACDLineOverZero ? 1 : 0
// Fast MACD Calculations
FastMACDfastMA = 8
FastMACDslowMA = 21
FastMACDsignalSmooth = 5
FastMACDLine = ema(close, FastMACDfastMA) - ema(close, FastMACDslowMA)
FastSignalLine = ema(FastMACDLine, FastMACDsignalSmooth)
FastMACDHistogram = FastMACDLine - FastSignalLine
// Fast MACD- Background Color Change Condition
FastMACDHistogramCross = FastMACDHistogram > 0 ? 1 : 0
FastMACDLineOverZero = FastMACDLine > 0 ? 1 : 0
FastMACDLineOverZeroandHistogramCross = FastMACDHistogramCross and FastMACDLineOverZero ? 1 : 0
FastMACDLineUnderZeroandHistogramCross = not FastMACDHistogramCross and not FastMACDLineOverZero ? 1 : 0
// Top Dog Trading - Mom Dad Calculations
TopDog_Fast_MA = 5
TopDog_Slow_MA = 20
TopDog_Sig = 30
TopDogMom = ema(close, TopDog_Fast_MA) - ema(close, TopDog_Slow_MA)
TopDogDad = ema(TopDogMom, TopDog_Sig)
// Top Dog Dad - Background Color Change Condition
TopDogDadDirection = TopDogDad > TopDogDad[1] ? 1 : 0
TopDogMomOverDad = TopDogMom > TopDogDad ? 1 : 0
TopDogMomOverZero = TopDogMom > 0 ? 1 : 0
TopDogDadDirectandMomOverZero = TopDogDadDirection and TopDogMomOverZero ? 1 : 0
TopDogDadDirectandMomUnderZero = not TopDogDadDirection and not TopDogMomOverZero ? 1 : 0
////// Trend Barmeter Calculations //////
// UCS_Trend / Trend Candles Trend Barmeter Calculations
//UCS_Trend by ucsgears copy Trend Candles
//Interpretation of TTM Trend bars. It is really close to the actual.
haclose = ohlc4
haopen = 0.0
haopen := na(haopen[1]) ? (open + close) / 2 : (haopen[1] + haclose[1]) / 2
//hahigh = max(high, max(haopen, haclose))
//halow = min(low, min(haopen, haclose))
ccolor = haclose - haopen > 0 ? 1 : 0
inside6 = haopen <= max(haopen[6], haclose[6]) and haopen >= min(haopen[6], haclose[6]) and
haclose <= max(haopen[6], haclose[6]) and haclose >= min(haopen[6], haclose[6]) ?
1 : 0
inside5 = haopen <= max(haopen[5], haclose[5]) and haopen >= min(haopen[5], haclose[5]) and
haclose <= max(haopen[5], haclose[5]) and haclose >= min(haopen[5], haclose[5]) ?
1 : 0
inside4 = haopen <= max(haopen[4], haclose[4]) and haopen >= min(haopen[4], haclose[4]) and
haclose <= max(haopen[4], haclose[4]) and haclose >= min(haopen[4], haclose[4]) ?
1 : 0
inside3 = haopen <= max(haopen[3], haclose[3]) and haopen >= min(haopen[3], haclose[3]) and
haclose <= max(haopen[3], haclose[3]) and haclose >= min(haopen[3], haclose[3]) ?
1 : 0
inside2 = haopen <= max(haopen[2], haclose[2]) and haopen >= min(haopen[2], haclose[2]) and
haclose <= max(haopen[2], haclose[2]) and haclose >= min(haopen[2], haclose[2]) ?
1 : 0
inside1 = haopen <= max(haopen[1], haclose[1]) and haopen >= min(haopen[1], haclose[1]) and
haclose <= max(haopen[1], haclose[1]) and haclose >= min(haopen[1], haclose[1]) ?
1 : 0
colorvalue = inside6 ? ccolor[6] : inside5 ? ccolor[5] : inside4 ? ccolor[4] :
inside3 ? ccolor[3] : inside2 ? ccolor[2] : inside1 ? ccolor[1] : ccolor
TrendBarTrend_Candle_Color = colorvalue ? #288a75 : color.red
TrendBarTrend_Candle = colorvalue ? 1 : 0
// RSI 5 Trend Barmeter Calculations
RSI5 = rsi(close, 5)
RSI5Above50 = RSI5 > 50 ? 1 : 0
RSI5Color = RSI5Above50 ? #288a75 : color.red
TrendBarRSI5Color = RSI5Above50 ? #288a75 : color.red
// RSI 5 Trend Barmeter Calculations
RSI13 = rsi(close, 13)
// Linear Regression Calculation For RSI Signal Line
SignalLineLength1 = 21
x = bar_index
y = RSI13
x_ = sma(x, SignalLineLength1)
y_ = sma(y, SignalLineLength1)
mx = stdev(x, SignalLineLength1)
my = stdev(y, SignalLineLength1)
c = correlation(x, y, SignalLineLength1)
slope = c * (my / mx)
inter = y_ - slope * x_
LinReg1 = x * slope + inter
RSISigDirection = LinReg1 > LinReg1[1] ? 1 : 0
RSISigCross = RSI13 > LinReg1 ? 1 : 0
RSI13Above50 = RSI13 > 50 ? 1 : 0
// Trend Barmeter Color Calculation
RSI13Color = RSI13Above50 ? #288a75 : color.red
TrendBarRSI13Color = RSI13Above50 ? #288a75 : color.red
TrendBarRSISigCrossColor = RSISigCross ? #288a75 : color.red
TrendBarMACDColor = MACDHistogramCross ? #288a75 : color.red
TrendBarFastMACDColor = FastMACDHistogramCross ? #288a75 : color.red
TrendBarMACrossColor = MACrossover1 ? #288a75 : color.red
TrendBarMomOverDadColor = TopDogMomOverDad ? #288a75 : color.red
TrendBarDadDirectionColor = TopDogDadDirection ? #288a75 : color.red
TrendBar1Result = TrendBar1 == "MA Crossover" ? MACrossover1 :
TrendBar1 == "MACD Crossover - 12, 26, 9" ? MACDHistogramCross :
TrendBar1 == "MACD Crossover - Fast - 8, 21, 5" ? FastMACDHistogramCross :
TrendBar1 == "Mom Dad Cross (Top Dog Trading)" ? TopDogMomOverDad :
TrendBar1 == "DAD Direction (Top Dog Trading)" ? TopDogDadDirection :
TrendBar1 == "RSI Signal Line Cross - RSI 13, Sig 21" ? RSISigCross :
TrendBar1 == "RSI 5: > or < 50" ? RSI5Above50 :
TrendBar1 == "RSI 13: > or < 50" ? RSI13Above50 :
TrendBar1 == "Trend Candles" ? TrendBarTrend_Candle : na
TrendBar2Result = TrendBar2 == "MA Crossover" ? MACrossover1 :
TrendBar2 == "MACD Crossover - 12, 26, 9" ? MACDHistogramCross :
TrendBar2 == "MACD Crossover - Fast - 8, 21, 5" ? FastMACDHistogramCross :
TrendBar2 == "Mom Dad Cross (Top Dog Trading)" ? TopDogMomOverDad :
TrendBar2 == "DAD Direction (Top Dog Trading)" ? TopDogDadDirection :
TrendBar2 == "RSI Signal Line Cross - RSI 13, Sig 21" ? RSISigCross :
TrendBar2 == "RSI 5: > or < 50" ? RSI5Above50 :
TrendBar2 == "RSI 13: > or < 50" ? RSI13Above50 :
TrendBar2 == "Trend Candles" ? TrendBarTrend_Candle : na
TrendBar3Result = TrendBar3 == "MA Crossover" ? MACrossover1 :
TrendBar3 == "MACD Crossover - 12, 26, 9" ? MACDHistogramCross :
TrendBar3 == "MACD Crossover - Fast - 8, 21, 5" ? FastMACDHistogramCross :
TrendBar3 == "Mom Dad Cross (Top Dog Trading)" ? TopDogMomOverDad :
TrendBar3 == "DAD Direction (Top Dog Trading)" ? TopDogDadDirection :
TrendBar3 == "RSI Signal Line Cross - RSI 13, Sig 21" ? RSISigCross :
TrendBar3 == "RSI 5: > or < 50" ? RSI5Above50 :
TrendBar3 == "RSI 13: > or < 50" ? RSI13Above50 :
TrendBar3 == "Trend Candles" ? TrendBarTrend_Candle : na
TrendBars2Positive = TrendBar1Result and TrendBar2Result or TrendBar1Result and TrendBar3Result or
TrendBar2Result and TrendBar3Result ? 1 : 0
TrendBars2Negative = not TrendBar1Result and not TrendBar2Result or
not TrendBar1Result and not TrendBar3Result or
not TrendBar2Result and not TrendBar3Result ? 1 : 0
TrendBars3Positive = TrendBar1Result and TrendBar2Result and TrendBar3Result ? 1 : 0
TrendBars3Negative = not TrendBar1Result and not TrendBar2Result and not TrendBar3Result ? 1 : 0
PositiveWaveTrendCross = WTCross and WTCrossUp
NegativeWaveTrendCross = WTCross and WTCrossDown
///////////////////////////////////////////////////////////////////////////////////////////////////////////////
BackgroundColorChangePositive = TrendBars3Positive and not TrendBars3Positive[1]
BackgroundColorChangeNegative = TrendBars3Negative and not TrendBars3Negative[1]
// Signals Color Calculations
MSBar2Color = BackgroundColorChangePositive ? #288a75 :
BackgroundColorChangeNegative ? color.red : na
// Trend Barmeter Color Assignments
TrendBar1Color = TrendBar1 == "N/A" ? na :
TrendBar1 == "MACD Crossover - 12, 26, 9" ? TrendBarMACDColor :
TrendBar1 == "MACD Crossover - Fast - 8, 21, 5" ? TrendBarFastMACDColor :
TrendBar1 == "Mom Dad Cross (Top Dog Trading)" ? TrendBarMomOverDadColor :
TrendBar1 == "DAD Direction (Top Dog Trading)" ? TrendBarDadDirectionColor :
TrendBar1 == "RSI Signal Line Cross - RSI 13, Sig 21" ? TrendBarRSISigCrossColor :
TrendBar1 == "RSI 5: > or < 50" ? TrendBarRSI5Color :
TrendBar1 == "RSI 13: > or < 50" ? TrendBarRSI13Color :
TrendBar1 == "Trend Candles" ? TrendBarTrend_Candle_Color :
TrendBar1 == "MA Crossover" ? TrendBarMACrossColor : na
TrendBar2Color = TrendBar2 == "N/A" ? na :
TrendBar2 == "MACD Crossover - 12, 26, 9" ? TrendBarMACDColor :
TrendBar2 == "MACD Crossover - Fast - 8, 21, 5" ? TrendBarFastMACDColor :
TrendBar2 == "Mom Dad Cross (Top Dog Trading)" ? TrendBarMomOverDadColor :
TrendBar2 == "DAD Direction (Top Dog Trading)" ? TrendBarDadDirectionColor :
TrendBar2 == "RSI Signal Line Cross - RSI 13, Sig 21" ? TrendBarRSISigCrossColor :
TrendBar2 == "RSI 5: > or < 50" ? TrendBarRSI5Color :
TrendBar2 == "RSI 13: > or < 50" ? TrendBarRSI13Color :
TrendBar2 == "Trend Candles" ? TrendBarTrend_Candle_Color :
TrendBar2 == "MA Crossover" ? TrendBarMACrossColor : na
TrendBar3Color = TrendBar3 == "N/A" ? na :
TrendBar3 == "MACD Crossover - 12, 26, 9" ? TrendBarMACDColor :
TrendBar3 == "MACD Crossover - Fast - 8, 21, 5" ? TrendBarFastMACDColor :
TrendBar3 == "Mom Dad Cross (Top Dog Trading)" ? TrendBarMomOverDadColor :
TrendBar3 == "DAD Direction (Top Dog Trading)" ? TrendBarDadDirectionColor :
TrendBar3 == "RSI Signal Line Cross - RSI 13, Sig 21" ? TrendBarRSISigCrossColor :
TrendBar3 == "RSI 5: > or < 50" ? TrendBarRSI5Color :
TrendBar3 == "RSI 13: > or < 50" ? TrendBarRSI13Color :
TrendBar3 == "Trend Candles" ? TrendBarTrend_Candle_Color :
TrendBar3 == "MA Crossover" ? TrendBarMACrossColor : na
CrossoverType2 = TrendBar4 == "DAD Direction (Top Dog Trading)" ? TopDogDadDirection :
TrendBar4 == "MACD Crossover" ? MACDHistogramCross :
TrendBar4 == "MA Direction - Fast MA - TB1" ? MA1Direction :
TrendBar4 == "MA Direction - Slow MA - TB1" ? MA2Direction : MACrossover1
color_1 = color.new(color.green, 15)
color_2 = color.new(color.red, 20)
TrendBar4Color1 = TrendBar4 == "N/A" ? na : CrossoverType2 ? color_1 : color_2
CrossoverType3 = TrendBar5 == "DAD Direction (Top Dog Trading)" ? TopDogDadDirection :
TrendBar5 == "MACD Crossover" ? MACDHistogramCross :
TrendBar5 == "MA Direction - Fast MA - TB2" ? MA3Direction :
TrendBar5 == "MA Direction - Slow MA - TB2" ? MA4Direction : MACrossover2
color_3 = color.new(color.green, 15)
color_4 = color.new(color.red, 20)
TrendBar5Color1 = TrendBar5 == "N/A" ? na : CrossoverType3 ? color_3 : color_4
WTVOB = wt1 > 60
WTVOS = wt1 < -60
// Weekness / Pos/Neg Pressure
YellowWavePointingUp = YellowWave > YellowWave[1]
RSI14 = rsi(close, 14)
RSI14OB = RSI14 > 70 ? 1 : 0
RSI14OS = RSI14 < 30 ? 1 : 0
RSI14OBOS = RSI14OB or RSI14OS ? 1 : 0
OBIndicatorsYellowPointingDown = (RSI14OB or RSI14OB[1]) and WTVOB and not YellowWavePointingUp
OSIndicatorsYellowPointingUp = (RSI14OS or RSI14OS[1]) and WTVOS and YellowWavePointingUp
plot(PosNegPressure and OSIndicatorsYellowPointingUp ? 138.5 : na, "Wave Trend - Positive Pressure", color=color.new(#288a75, 25), style=plot.style_circles, linewidth=1)
plot(PosNegPressure and OBIndicatorsYellowPointingDown ? 138.5 : na, "Wave Trend - Negative Pressure", color=color.new(#DC143C, 32), style=plot.style_circles, linewidth=1)
alertcondition(OBIndicatorsYellowPointingDown or OSIndicatorsYellowPointingUp, title=' - Pos / Neg Pressure', message='Pos / Neg Pressure - Trend Meter')
plot(TMSetups ? 134.5 : na, title = "All 3 Trend Meters Now Align", style=plot.style_circles, color=MSBar2Color, linewidth=3, transp=20)
plot(TMSetupsANDWT and ((PositiveWaveTrendCross and TrendBars3Positive) or (NegativeWaveTrendCross and TrendBars3Negative)) ? 134.5 : na, title="Wave Trend X & All 3 Trend Meters Now Align", style=plot.style_cross, color=MSBar2Color, linewidth=4, transp=20)
// Trend Barmeter Plots
plot(128.5, title="Trend Meter 1", style=plot.style_circles, color=TrendBar1Color, linewidth=2, transp=18)
plot(122.5, title="Trend Meter 2", style=plot.style_circles, color=TrendBar2Color, linewidth=2, transp=18)
plot(116.5, title="Trend Meter 3", style=plot.style_circles, color=TrendBar3Color, linewidth=2, transp=18)
plot(ShowTrendBar1 and ShowTrendBar2 ? 110 : na, title="Trend Bar 1 - Thin Line", style=plot.style_line, color=TrendBar4Color1, linewidth=4, transp=20)
plot(ShowTrendBar1 and not ShowTrendBar2 ? 110 : na, title="Trend Bar 1 - Thick Line", style=plot.style_line, color=TrendBar4Color1, linewidth=9, transp=20)
plot(ShowTrendBar2 and ShowTrendBar1 ? 104.5 : na, title="Trend Bar 2 - Thin Line", style=plot.style_line, color=TrendBar5Color1, linewidth=6, transp=20)
plot(ShowTrendBar2 and not ShowTrendBar1 ? 110 : na, title="Trend Bar 2 - Thick Line", style=plot.style_line, color=TrendBar5Color1, linewidth=9, transp=20)
// Background Highlights
TrendBar3BarsSame = TrendBars3Positive ? color.green : TrendBars3Negative ? color.red : na
TMa = hline(113.7, color=color.new(color.white, 100))
TMb = hline(131.3, color=color.new(color.white, 100))
fill(TMa, TMb, color=TrendBar3BarsSame, transp=91, title="Trend Meter Background Highlight - 3 Trend Meter Conditions Met")
// Alerts & Conditions - MA Crossing & Background Color
alertcondition(BackgroundColorChangePositive, title=' -- 3 TMs Turn Green', message='All 3 Trend Meters Turn Green - Trend Meter')
alertcondition(BackgroundColorChangeNegative, title=' -- 3 TMs Turn Red', message='All 3 Trend Meters Turn Red - Trend Meter')
alertcondition(BackgroundColorChangePositive or BackgroundColorChangeNegative, title=' -- 3 TMs Change to Same Color', message='All 3 Trend Meters Change to Same Color - Trend Meter')
alertcondition(PositiveWaveTrendCross and TrendBars3Positive, title="--- 3 TMs Turn Green & WaveTrend X", message='Green - Wave Trend Signal - Aligns with 3 Trend Meters - Trend Meter')
alertcondition(NegativeWaveTrendCross and TrendBars3Negative, title="--- 3 TMs Turn Red & WaveTrend X", message='Red - Wave Trend Signal - Aligns with 3 Trend Meters - Trend Meter')
alertcondition((PositiveWaveTrendCross and TrendBars3Positive) or (NegativeWaveTrendCross and TrendBars3Negative), title="--- 3 TMs Change to Same Color & WT X", message='Red / Green - Wave Trend Signal - Aligns with 3 Trend Meters - Trend Meter')
TrendMetersNoLongerAlign = ((not TrendBars3Positive or not TrendBars3Negative) and TrendBars3Positive[1]) or ((not TrendBars3Positive or not TrendBars3Negative) and TrendBars3Negative[1])
alertcondition(TrendMetersNoLongerAlign, title='---- 3 Trend Meters No Longer Align', message='3 Trend Meters No Longer Align - Trend Meter')
RapidColorChangePositive = TrendBars3Positive and (TrendBars3Negative[1] or TrendBars3Negative[2])
RapidColorChangeNegative = TrendBars3Negative and (TrendBars3Positive[1] or TrendBars3Positive[2])
alertcondition(RapidColorChangePositive, title='All 3 TMs Rapid Change Red to Green', message='All 3 Trend Meters Rapid Change Red to Green - Trend Meter')
alertcondition(RapidColorChangeNegative, title='All 3 TMs Rapid Change Green to Red', message='All 3 Trend Meters Rapid Change Green to Red - Trend Meter')
alertcondition(RapidColorChangePositive or RapidColorChangeNegative, title='All 3 TMs Rapid Change to Same Color', message='All 3 Trend Meters Rapid Change to Same Color - Trend Meter')
MaxValueMACrossUp = crossover( ema(Close, 5), ema(Close, 11))
MaxValueMACrossDown = crossunder(ema(Close, 5), ema(Close, 11))
TB1MACrossUp = crossover( MA1, MA2)
TB1MACrossDown = crossunder(MA1, MA2)
alertcondition(TB1MACrossUp, title='TB 1 Turns Green', message='Trend Bar 1 - Turns Green - Trend Meter')
alertcondition(TB1MACrossDown, title='TB 1 Turns Red', message='Trend Bar 1 - Turns Red - Trend Meter')
alertcondition(TB1MACrossUp or TB1MACrossDown, title='TB 1 Color Change', message='Trend Bar 1 - Color Change - Trend Meter')
TB2MACrossUp = crossover(MA3, MA4)
TB2MACrossDown = crossunder(MA3, MA4)
alertcondition(TB2MACrossUp, title='TB 2 Turns Green', message='Trend Bar 2 - Turns Green - Trend Meter')
alertcondition(TB2MACrossDown, title='TB 2 Turns Red', message='Trend Bar 2 - Turns Red - Trend Meter')
alertcondition(TB2MACrossUp or TB2MACrossDown, title='TB 2 Color Change', message='Trend Bar 2 - Color Change - Trend Meter')
TB1Green = MA1 > MA2
TB1Red = MA1 < MA2
TB2Green = MA3 > MA4
TB2Red = MA3 < MA4
TB12Green = TB1Green and TB2Green and (TB1MACrossUp or TB2MACrossUp)
TB12Red = TB1Red and TB2Red and (TB1MACrossDown or TB2MACrossDown)
alertcondition(TB12Green, title='TBs 1+2 Turn Green', message='Trend Bars 1+2 - Turn Green - Trend Meter')
alertcondition(TB12Red, title='TBs 1+2 Turn Red', message='Trend Bars 1+2 - Turn Red - Trend Meter')
alertcondition(TB12Green or TB12Red, title='TBs 1+2 Change to Same Color', message='Trend Bars 1+2 - Change to Same Color - MAs Crossing - Trend Meter')
alertcondition(TB12Green and TrendBars3Positive, title='TBs 1+2 Turn Green with 3 TMs', message='Trend Bars 1+2 - Turn Green with 3 TMs - Trend Meter')
alertcondition(TB12Red and TrendBars3Negative, title='TBs 1+2 Turn Red with 3 TMs', message='Trend Bars 1+2 - Turn Red with 3 TMs- Trend Meter')
alertcondition((TB12Green and TrendBars3Positive) or (TB12Red and TrendBars3Negative) , title='TBs 1+2 Change to Same Color with 3 TMs', message='Trend Bars 1+2 - Change to Same Color with 3 TMs - Trend Meter')
alertcondition(TB1Green and TrendBars3Positive, title='TB 1 Turns Green with 3 TMs', message='Trend Bar 1 - Turn Green with 3 TMs - Trend Meter')
alertcondition(TB1Red and TrendBars3Negative, title='TB 1 Turns Red with 3 TMs', message='Trend Bar 1 - Turn Red with 3 TMs- Trend Meter')
alertcondition((TB1Green and TrendBars3Positive) or (TB1Red and TrendBars3Negative) , title='TB 1 Change to Same Color with 3 TMs', message='Trend Bar 1 - Change to Same Color with 3 TMs - Trend Meter')
alertcondition(TB2Green and TrendBars3Positive, title='TB 2 Turns Green with 3 TMs', message='Trend Bar 2 - Turn Green with 3 TMs - Trend Meter')
alertcondition(TB2Red and TrendBars3Negative, title='TB 2 Turns Red with 3 TMs', message='Trend Bar 2 - Turn Red with 3 TMs- Trend Meter')
alertcondition((TB2Green and TrendBars3Positive) or (TB2Red and TrendBars3Negative) , title='TB 2 Change to Same Color with 3 TMs', message='Trend Bar 2 - Change to Same Color with 3 TMs - Trend Meter')
alertcondition( BackgroundColorChangePositive and TB1Green, title='3 TMs Turn Green with TB 1', message='All 3 Trend Meters Turn Green with TB 1 - Trend Meter')
alertcondition( BackgroundColorChangeNegative and TB1Red, title='3 TMs Turn Red with TB 1', message='All 3 Trend Meters Turn Red with TB 1 - Trend Meter')
alertcondition((BackgroundColorChangePositive and TB1Green) or (BackgroundColorChangeNegative and TB1Red), title='3 TMs Change Color with TB 1', message='All 3 Trend Meters Change Color with TB 1 - Trend Meter')
alertcondition( BackgroundColorChangePositive and TB2Green, title='3 TMs Turn Green with TB 2', message='All 3 Trend Meters Turn Green with TB 2 - Trend Meter')
alertcondition( BackgroundColorChangeNegative and TB2Red, title='3 TMs Turn Red with TB 2', message='All 3 Trend Meters Turn Red with TB 2 - Trend Meter')
alertcondition((BackgroundColorChangePositive and TB2Green) or (BackgroundColorChangeNegative and TB2Red), title='3 TMs Change Color with TB 2', message='All 3 Trend Meters Change Color with TB 2 - Trend Meter')
alertcondition( BackgroundColorChangePositive and TB1Green and TB2Green, title='3 TMs Turn Green with TBs 1+2', message='All 3 Trend Meters Turn Green with Trend Bar 1+2 - Trend Meter')
alertcondition( BackgroundColorChangeNegative and TB1Red and TB2Red, title='3 TMs Turn Red with TBs 1+2', message='All 3 Trend Meters Turn Red with Trend Bar 1+2 - Trend Meter')
alertcondition((BackgroundColorChangePositive and TB1Green and TB2Green) or (BackgroundColorChangeNegative and TB1Red and TB2Red), title='3 TMs Change Color with TBs 1+2', message='All 3 Trend Meters Change Color with Trend Bar 1+2 - Trend Meter')
