// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("Price"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); _SECTION_END(); _SECTION_BEGIN("Trade triangle-traderzone"); TimeFrameSet(in15Minute); HMAA = Param("H-MA1", 5, 2, 30, 1, 10 ); H2 = MA(C, HMAA ); Hc=C; TimeFrameRestore(); Hp=TimeFrameExpand(H2,in15Minute,expandFirst); hc=TimeFrameExpand(hc,in15Minute,expandFirst); Plot(C,"",IIf(Hc>Hp,colorWhite,colorBlack),64); TimeFrameSet(in15Minute); DMAA = Param("D-MA",20, 2, 30, 1, 10 ); DP = MA(C, DMAA ); Dc=C; TimeFrameRestore(); dp=TimeFrameExpand(DP,in15Minute,expandFirst); dc=TimeFrameExpand(Dc,in15Minute,expandFirst); Plot( Hp,"HMA",IIf(hp>dp,colorLime,colorRed),styleDashed); Plot(dp ,"DMA",colorYellow,styleLine); TimeFrameSet(in15Minute); no=Param( "Triangle D", 3, 1, 55 ,1); dres=HHV(H,no); dsup=LLV(L,no); davd=IIf(H>Ref(dres,-1),1,IIf(Ldtsl; dS=LRef(wres,-1),1,IIf(LWTSL; WS=LRef(mres,-1),1,IIf(LMTSL;//Cross(H,mtsl); MS=L Hp, 10, -10 );//IIf( Hc > Hp, 10, -10 ); xt1_status= WriteIf(HC > Hp, " H.Close Above H-MA 5 : ", " H.Close Below H-MA 5 : "); xt1_Col=IIf(SelectedValue(xt1)>0, colorGreen, IIf(SelectedValue(xt1)<0, colorRed, colorLightGrey)); xt1_C=IIf(HC > Hp, colorGreen, IIf(HC < Hp, colorRed, colorLightGrey)); xt2=IIf( BarsSince(db)< BarsSince(ds), 15, -15 );//1 xt2_status= WriteIf(DB > DS, " H.Close Above D-HHV : ", WriteIf(DB < DS, " H.Close Below D-LLV : ","")); xt2_Col=IIf(SelectedValue(xt2)>0, colorGreen, IIf(SelectedValue(xt2)<0, colorRed, colorLightGrey)); xt2_C=IIf(db>ds, colorGreen, IIf(DB < DS, colorRed, colorLightGrey)); xt3=IIf( dc>dp, 20, -20 ); xt3_status= WriteIf(DC > DP, " D. Close Above D-MA 20 : ", WriteIf(DC < DP, " D. Close Below D-MA 20 : ","")); xt3_Col=IIf(SelectedValue(xt3)>0, colorGreen, IIf(SelectedValue(xt3)<0, colorRed, colorLightGrey)); xt3_C=IIf(dc>dp, colorGreen, IIf(Dc < Dp, colorRed, colorLightGrey)); xt4=IIf( BarsSince(wb)< BarsSince(ws), 25, -25 ); //2 xt4_status= WriteIf(WB > WS, " H.Close Above W-HHV : ", WriteIf(WB < WS, " H.Close Below W-LLV : ","")); xt4_Col=IIf(SelectedValue(xt4)>0, colorGreen, IIf(SelectedValue(xt4)<0, colorRed, colorLightGrey)); xt4_C=IIf(WB > WS, colorGreen, IIf(WB < WS, colorRed, colorLightGrey)); xt5=IIf( BarsSince(mb)< BarsSince(ms),30, -30 );//3 xt5_status= WriteIf(MB > MS, " H.Close Above M-HHV : ", WriteIf(MB < MS, " H.Close Below M-LLV : ","")); xt5_Col=IIf(SelectedValue(xt5)>0, colorGreen, IIf(SelectedValue(xt5)<0, colorRed, colorLightGrey)); xt5_C=IIf(mB > mS, colorGreen, IIf(mB < mS, colorRed, colorLightGrey)); total=Sum((xt1+xt2+xt3+xt4+xt5),1); Filter = (xt1 OR xt2 OR xt3 OR xt4 OR xt5 ) AND total ; AddColumn(xt1, "5 MA", 1.0, colorWhite, xt1_C,-1); AddColumn(xt2, "Daily", 1.0, colorWhite, xt2_C,-1); AddColumn(xt3, "20 MA", 1.0, colorWhite, xt3_C,-1); AddColumn(xt4, "Weekly", 1.0, colorWhite, xt4_C,-1); AddColumn(xt5, "Monthly", 1.0, colorWhite, xt5_C,-1); AddColumn(total, "Score", 1); if( Status("action") == actionIndicator ) ( Title = EncodeColor(colorWhite)+ "2-Trade triangle-traderzone" + " - " + Name() + " | " + EncodeColor(colorLime)+ Interval(2) + EncodeColor(colorWhite) + " # "+ Date()+ "\n"+EncodeColor(colorYellow) +"Op -"+O+" : "+EncodeColor(colorLime)+"Hi-"+H+" : "+EncodeColor(colorOrange)+"Lo-"+L+" : "+EncodeColor(colorWhite)+ "Cl-"+C+" : "+EncodeColor(colorYellow)+ "Vol= "+ WriteVal(V)+ EncodeColor(xt1_Col)+WriteIf(xt1,"\nCond 1 : "+xt1+"","")+xt1_status + EncodeColor(xt2_Col)+WriteIf(xt2,"\nCond 2 : "+xt2+"","")+xt2_status + EncodeColor(xt3_Col)+WriteIf(xt3,"\nCond 3 : "+xt3+"","")+xt3_status + EncodeColor(xt4_Col)+WriteIf(xt4,"\nCond 4 : "+xt4+"","")+xt4_status + EncodeColor(xt5_Col)+WriteIf(xt5,"\nCond 5 : "+xt5+"","")+xt5_status + EncodeColor(2)+WriteIf(total,"\n\nTotal Score: "+total+"","")); /* if( Status("action") == actionCommentary ) ( printf ( "--------------------------\nTrade Trinagle" + "")); WriteIf(C,"\n---------------------------",""); WriteIf(total==100,"+100 : Strong uptrend is in place AND this market will likely remain in a long-term positive direction..","")+ WriteIf(total==90,"+90 : Positive in long-term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces AND insiders.","")+ WriteIf(total==85,"+85 : An uptrend is in place. Intraday, intermediate AND long-term trends are pointing in a positive direction, while the Short-term trend is in a downward direction..","")+ WriteIf(total==80,"+80 : An uptrend is in place. Although the intraday, daily, weekly AND monthly trends are all pointing in a positive direction, the current market action has fallen below the 20 Day moving average..","")+ WriteIf(total==75,"+75 : The market may be in some near-term weakness. This market is still a long-term upward trend with intermediate AND longer-term trends pointing to a bull market, but Short-term AND intraday term AND point to a bearish movement. Keep tight money management stops..","")+ WriteIf(total==70,"+70 : This market remains in the confines of a longer-term uptrend..","")+ WriteIf(total==65,"+65 : Although the long-term positive trends are strengthening, the intermediate-term could Signal the start of a major downtrend. You may want to keep your money management stops tighter than you normally would. You may also want to incorporate an alternative technical analysis Study on your Short-term chart to confirm the “Trade Triangle” signals..","")+ WriteIf(total==60,"+60 : This upward trend may have lost momentum AND may be reaching a crossroads. You may see choppy market conditions in the near-term. Trend for the intraday, Short-term, intermediate AND long-term are NOT aligning in a stable direction. This would be a time to move onto the sidelines until a steady trend returns.","")+ WriteIf(total==55,"+55 : The trend of this market may be moving into a trading range. Trend for the intraday, Short-term, intermediate-term AND long-term are NOT aligning in a stable direction. This may be the time to move onto the sidelines until a steady trend returns.","")+ WriteIf(total==50 ,"+50 : The trend is at a crossroads, AND the momentum is faint if even there at all. Look for near-term choppy trading conditions AND consider taking a sidelines position until a steady trend returns.","")+ WriteIf(total< 50 AND total>-50 ,"Between +50/-50 : No Comments","")+ WriteIf(total==-50 ,"-50 : The trend is at a crossroads, AND the momentum is faint if even there at all. Look for near-term choppy trading conditions AND consider taking a sidelines position until a steady trend returns.","")+ WriteIf(total==-55,"-55 : The trend of this market may be moving into a trading range. Trend for the intraday, Short-term intermediate-term an long-term are NOT aligning in a stable direction. This would be the time to move onto the sidelines until a steady trend returns.","")+ WriteIf(total==-60,"-60 : The downward trend has lost momentum AND is reaching a crossroads. You may see choppy market conditions in the near-term. Trend for the intraday, Short-term, intermediate-term AND long term are NOT aligning in a stable direction. This would be a time to move onto the sidelines until a steady trend returns.","")+ WriteIf(total==-65,"-65 : Although the long-term negative trend is strengthening, the intermediate-term could Signal the start of a major uptrend. You may want to keep your money management stops tighter than you normally would.","")+ WriteIf(total==-70,"-70 : This market may be experiencing some near-term strength. However, this market remains in the confines of a longer-term downtrend.","")+ WriteIf(total==-75,"-75 : This market may be looking at some near-term rallying power. This market is still in a long-term downward trend with intermediate AND longer-term trends pointing lower, but Short-term AND intraday-term pointing to a bull market. Keep tight money management stops.","")+ WriteIf(total==-80,"-80 : A downtrend may be in place. Although the intraday, daily, weekly AND monthly trends are all pointing in a negative direction, the market action has moved over the 20 Day moving average.","")+ WriteIf(total==-85,"-85 : A downtrend is in place. Intraday, intermediate AND long-term trends are pointing in a negative direction, while the Short-term trend is in an upward direction.","")+ WriteIf(total==-90,"-90 : This score suggests that a weak downtrend is in place. This market is likely to continue in a downward direction unless new weekly highs are made. Use proper money management stops as this market may change rapidly.","")+ WriteIf(total==-100,"-100 : A strong downtrend is in place AND this market will likely remain in a long-term negative direction.",""); */