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Re: MT4 Indicator requests and ideas

19185 by sal
mr.tools
i believe this indicator is a good one , when i see in TV platform
RSI TREND LINE with BREAKOUT indicator
script is shown but not sure its fully or not.. does it helps you to develop this.. !


// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © HoanGhetti

//@version=5
indicator("RSI Trendlines with Breakouts [HG]", precision = 2, max_labels_count = 500, max_lines_count = 500)
import HoanGhetti/SimpleTrendlines/3 as tl

g_trendlines = 'Trendline Settings', g_conditions = 'Conditions', g_styling = 'Styling', g_timeframe = 'Timeframe'
input_timeframe = input.timeframe(defval = '', title = 'Timeframe', group = g_timeframe)
input_pLen = input.int(defval = 4, title = 'Lookback Range', minval = 1, group = g_trendlines, tooltip = 'How many bars to determine when a swing high/low is detected.')
input_rLen = input.int(defval = 14, title = 'RSI Length' , minval = 1, group = g_trendlines)
input_rSrc = input.source(defval = close, title = 'RSI Source', group = g_trendlines)
input_repaint = input.string(defval = 'On', title = 'Repainting', group = g_conditions, options = ['On', 'Off: Bar Confirmation'], tooltip = 'Bar Confirmation: Generates alerts when candle closes. (1 Candle Later)')
input_rsiDiff = input.int(defval = 3, title = 'RSI Difference', group = g_conditions, tooltip = 'The difference between the current RSI value and the breakout value.\n\nHow much higher in value should the current RSI be compared to the breakout value in order to detect a breakout?')
input_rsiCol = input.color(defval = color.blue, title = 'RSI Color', group = g_styling)
input_width = input.int(defval = 2, title = 'Line Width', minval = 1, group = g_styling)
input_lblType = input.string(defval = 'Simple', title = 'Label Type', group = g_styling, options = ['Full', 'Simple'])
input_lblSize = input.string(defval = size.small, title = 'Label Size', group = g_styling, options = [size.huge, size.large, size.normal, size.small, size.tiny])
input_pLowCol = input.color(defval = color.red, title = 'Pivot Low', inline = 'col', group = g_styling)
input_pHighCol = input.color(defval = #089981, title = 'Pivot High', inline = 'col', group = g_styling)
input_override = input.bool(defval = false, title = 'Override Text Color', group = g_styling, inline = 'override')
input_overCol = input.color(defval = color.white, title = ' ', group = g_styling, inline = 'override')

lblText = switch input_lblType
'Simple' => 'Br'
'Full' => 'Break'
repaint = switch input_repaint
'On' => true
'Off: Bar Confirmation' => false

rsi_v = ta.rsi(input_rSrc, input_rLen)
rsi = input_timeframe == '' ? rsi_v : request.security(syminfo.tickerid, input_timeframe, rsi_v, lookahead = barmerge.lookahead_on)

pl = fixnan(ta.pivotlow(rsi, 1, input_pLen))
ph = fixnan(ta.pivothigh(rsi, 1, input_pLen))

pivot(float pType) =>
pivot = pType == pl ? pl : ph
xAxis = ta.valuewhen(ta.change(pivot), bar_index, 0) - ta.valuewhen(ta.change(pivot), bar_index, 1)
prevPivot = ta.valuewhen(ta.change(pivot), pivot, 1)
pivotCond = ta.change(pivot) and (pType == pl ? pivot > prevPivot : pivot < prevPivot)
pData = tl.new(x_axis = xAxis, offset = input_pLen, strictMode = true, strictType = pType == pl ? 0 : 1)
pData.drawLine(pivotCond, prevPivot, pivot, rsi)
pData

breakout(tl.Trendline this, float pType) =>
var bool hasCrossed = false
if ta.change(this.lines.startline.get_y1())
hasCrossed := false
this.drawTrendline(not hasCrossed)
condType = (pType == pl ? rsi < this.lines.trendline.get_y2() - input_rsiDiff : rsi > this.lines.trendline.get_y2() + input_rsiDiff) and not hasCrossed
condition = repaint ? condType : condType and barstate.isconfirmed
if condition
hasCrossed := true
this.lines.startline.set_xy2(this.lines.trendline.get_x2(), this.lines.trendline.get_y2())
this.lines.trendline.set_xy2(na, na)
this.lines.startline.copy()
label.new(
bar_index,
this.lines.startline.get_y2(),
text = lblText, color = pType == pl ? color.new(input_pLowCol, 50) : color.new(input_pHighCol, 50),
size = input_lblSize, style = pType == pl ? label.style_label_lower_left : label.style_label_upper_left,
textcolor = pType == pl ? (input_override ? input_overCol : input_pLowCol) : input_override ? input_overCol : input_pHighCol)
hasCrossed

method style(tl.Trendline this, color col) =>
this.lines.startline.set_color(col)
this.lines.startline.set_width(input_width)
this.lines.trendline.set_color(col)
this.lines.trendline.set_width(input_width)
this.lines.trendline.set_style(line.style_dashed)

plData = pivot(pl)
phData = pivot(ph)
plData.style(input_pLowCol)
phData.style(input_pHighCol)
cu = breakout(plData, pl)
co = breakout(phData, ph)

hline(70, title = 'Overbought', color = input_pHighCol, linestyle = hline.style_dotted)
hline(30, title = 'Oversold', color = input_pLowCol, linestyle = hline.style_dotted)
plot(rsi, title = 'Relative Strength Index', linewidth = 2, color = input_rsiCol)
alertcondition(ta.change(plData.lines.startline.get_y1()), 'New Pivot Low Trendline')
alertcondition(ta.change(cu) and cu, 'Pivot Low Breakout')
alertcondition(ta.change(phData.lines.startline.get_y1()), 'New Pivot High Trendline')
alertcondition(ta.change(co) and co, 'Pivot High Breakout')





****************************
another idea my way which i manually drawn S/R line in RSI line
above 50 up trend and below down trend
see.. this is also stronger...

it is possible please let me inform, i can share rules.
"There is NO GOD higher than TRUTH" - Mahatma Gandhi

Re: MT4 Indicator requests and ideas

19187 by A_5
A_5 wrote: Sat Aug 05, 2023 10:13 pm Thanks for your help again
Please I have a few requests
1. Can you please add the "DrawEndTime" in the above open price line indicator to the below open price horizontal line v1.2
2. Can you please add unique ID number to itthe indicator below so that I can have multiple instances of the indicator below on the same chart.
3. If it won't be too much lastly add on/off button
Thanks Thanks thanks again
Open Price Horizontal Line v1.2.mq4
Please help me with multiple instances of the open price horizontal line V1.2. I want to create a template where I have this indicator attached multiple times.
Thank you

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