This is a really good indicator. Is it possible to implement in MT4?
Code: Select all
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © ChartPrime
//@version=5
indicator("Trendline Breakouts With Targets [ Chartprime ]",shorttitle = "TBT [ Chartprime ]",overlay = true,max_bars_back = 500,max_lines_count = 500)
bool ChartTime = time > chart.left_visible_bar_time and time < chart.right_visible_bar_time
string CORE = "➞ Core Settings 🔸"
var bool TradeisON = false
var bool LongTrade = false
var bool ShortTrade = false
var float TP = 0.0
var float SL = 0.0
int BarTIME = time - time[1]
var line tpLine = na
var label LAB = na
var int UpdatedX = 0
var float UpdatedY = 0.0
var float UpdatedSLP = 0.0
var int UpdatedXLow = 0
var float UpdatedYLow = 0.0
var float UpdatedSLPLow = 0.0
int Period = input.int(10, title=' Period ➞',
group = CORE,
inline = "001")
bool Trendtype = input.string(title = " Type ➞",
defval='Wicks',
options=['Wicks', 'Body'],
group = CORE,
inline = "001")
== 'Wicks'
string Extensions = input.string(title=' Extend ➞',
defval=' 25',
options=[' 25', ' 50', ' 75'],
group = CORE,
inline = "001")
color LineCol1 = input.color(color.rgb(109, 111, 111, 19),"",group = CORE,inline = "001")
bool ShowTargets = input.bool(true,"Show Targets",group = CORE,inline = "002")
ExtenSwitcher(ex) =>
switch ex
' 25' => 1 ,
' 50' => 2 ,
=> 3
WidthSwitcher(ex) =>
switch ex
'1' => 1 ,
'2' => 2 ,
=> 3
StyleSwitcher(style) =>
switch style
'Dashed' => line.style_dashed ,
'Dotted' => line.style_dotted ,
=> line.style_solid
method volAdj(int len)=>
math.min(ta.atr(len) * 0.3, close * (0.3/100)) [20] /2
Zband = volAdj(30)
method Trendlines(float src, int timeIndex,bool dir) =>
var int Start = 1 , var int End = 0 , var int TIME = 1
var float YEnd = 0, var float YStart = 0 , var float Slope = 0
var line Line1 = line.new(na,na,na,na)
var line Line2 = line.new(na,na,na,na)
var line Line3 = line.new(na,na,na,na)
SCR = fixnan(src)
if ta.change(SCR) != 0
TIME := time[timeIndex]
YStart := SCR[1]
Start := TIME[1]
Slope := (SCR - YStart) / (TIME - Start)
Slope
EXTime = ExtenSwitcher(Extensions) * BarTIME * 25
End := TIME + EXTime
YEnd := SCR + EXTime * Slope
if ta.change(SCR) != 0 and not TradeisON[1]
LineCond = Slope * time < 0 ? dir ? na : color.rgb(11, 139, 7, 53) : dir ? color.rgb(212, 46, 0, 54) : na
if not na(LineCond) //and ChartTime
Line1 := line.new(Start,
YStart,
End,
YEnd,
xloc.bar_time,
extend.none,
color=color.new(color.white,100)
)
Line2:=line.new(Start,
YStart - (Zband * 2),
End,
YEnd - (Zband * 2),
xloc.bar_time,
extend.none,
color=color.new(color.black,100)
)
Line3:=line.new(Start,
YStart - (Zband * 1),
End,
YEnd - (Zband * 1),
xloc.bar_time,
extend.none,
color=color.new(color.black,100)
)
linefill.new(Line3,Line2,color= LineCol1)
linefill.new(Line3,Line1,color= LineCond)
// linefill.new(Line,Line2,color= color.rgb(28, 15, 2, 76))
[Start, YStart, Slope]
PH = ta.pivothigh(Trendtype ? high : close > open ? close : open, Period, Period / 2)
PL = ta.pivotlow(Trendtype ? low : close > open ? open : close, Period, Period / 2)
method GetlinePrice(int TIME, float Price, float SLOP, int LookB) =>
var float Current = 0.0
EsTime = time - TIME
Current := Price + (EsTime - LookB * BarTIME) * SLOP
Current
method CheckCross(float Price, int StartTime, float StartPrice, float SLP) =>
var float Current = 0.0
var float Previous = 0.0
if StartPrice[Period] != StartPrice
Current := GetlinePrice(StartTime, StartPrice, SLP, 0)
Previous := GetlinePrice(StartTime, StartPrice, SLP, 1)
Crossover = Price[1] < Previous and Price > Current ? 1 : Price[1] > Previous - (Zband*0.1) and Price < Current - (Zband*0.1) ? -1 : 0
Crossover
[Xx, XZ, SLPXZ] = Trendlines(PH, Period / 2,false)
[XxL, XZL, SLPXZL] = Trendlines(PL, Period / 2, true)
if ta.change(fixnan(PH)) != 0
UpdatedX := Xx
UpdatedY := XZ
UpdatedSLP := SLPXZ
UpdatedSLP
if ta.change(fixnan(PL)) != 0
UpdatedXLow := XxL
UpdatedYLow := XZL
UpdatedSLPLow := SLPXZL
UpdatedSLPLow
Long = not (UpdatedSLP * time > 0)
and CheckCross(close, UpdatedX, UpdatedY, UpdatedSLP)== 1
and not TradeisON
Short = not (UpdatedSLPLow * time < 0)
and CheckCross(close, UpdatedXLow, UpdatedYLow, UpdatedSLPLow)==-1
and not TradeisON
TradeFire = Long or Short
if Long and not TradeisON
LongTrade:= true
ShortTrade:= false
if Short and not TradeisON
LongTrade:= false
ShortTrade:= true
if true
if TradeFire and not TradeisON
TP := switch
Long => high + (Zband *20)
Short => low - (Zband *20)
SL := switch
Long => low - (Zband *20)
Short => high + (Zband *20)
TradeisON:= true
if ShowTargets
line.new(bar_index,
Long ? high : low,
bar_index,
TP,
width=2,
color = color.rgb(154, 103, 20),
style= line.style_dashed)
tpLine:= line.new(bar_index,
TP,
bar_index+2,
TP,
style= line.style_dashed,
color = color.rgb(154, 103, 20)
)
LAB:=label.new(bar_index,
TP,
"Target",
color = color.rgb(154, 103, 20),
style= label.style_label_left,
size=size.small,
textcolor = color.white
)
if TradeisON
line.set_x2(tpLine,bar_index)
label.set_x(LAB,bar_index+1)
if LongTrade and TradeisON
if high >= TP
label.set_color(LAB,color.rgb(6, 128, 10, 37))
TradeisON:=false
if close <= SL
label.set_color(LAB,color.new(color.rgb(246, 7, 7),70))
TradeisON:=false
else if ShortTrade and TradeisON
if low <= TP
label.set_color(LAB,color.rgb(6, 128, 10, 37))
TradeisON:=false
if close >= SL
label.set_color(LAB,color.new(color.rgb(246, 7, 7),70))
TradeisON:=false
plotshape(Long and not TradeisON[1],
size = size.small,
color = color.rgb(46, 192, 6, 11),
location = location.belowbar,
style = shape.labelup ,
text = "",
textcolor = color.white)
plotshape(Short and not TradeisON[1],
size = size.small,
color = color.rgb(241, 2, 2, 11),
location = location.abovebar,
style = shape.labeldown ,
text = "",
textcolor = color.white)
alertcondition(Long and not TradeisON, "BUY!", "BUY!")
alertcondition(Short and not TradeisON, "SELL!", "SELL!")
// -- END -- .
