[GnAsHeR] MavilimW - MavilimW Trend Indicator

Name: [GnAsHeR] MavilimW - MavilimW Trend Indicator
Author: GnAsHeR

stable

By GnAsHeR in Trend Published July 2021 👁 2,542 views 💬 1 comments

Description

-- Easy Mavilim Trend indicator -- This Indicator plots smoothed weighted moving average combinations of various Fibonacci numbers -- a great support and resistance for long term trading and confirmation -- -- Notes -- 1- MavilimW has 2 colors now. Blue signals for uptrend, Red for downtrend. -- 2- You can cghange the sensitivity of the indicator by changing the first two parameters -- 3- In the settings you can also add the original version by checking the "Show previous version" button -- 4- The indicator calculates Fibonacci series automatically when you change the two parameters -- -- HINT: first parameter must be equal or less then second -- Some examples: 0,1 or 1,1 or 1,2 or 2,3 or even 5,5 and so on... -- by increasing the parameters the indicator becomes less sensitive for buy and sell signals but will have -- high potential of becoming support or resistance line -- by decreasing the parameters you can have more sensitive buy an sell signals which changes the color of the indicator. -- -- Author/Yazar: KıvanÇ @fr3762 twitter - ported by GnAsHeR twitter : @Eris Kucukoglu

-- Define command
    DefineCommand('MavilimW', 'MavilimW Trend Indicator')
    
    -- Define command parameters.
    local chartIndex = DefineParameter(NumberType, 'chartIndex', 'The index on which to chart', true, 0, 'Number')
    local name = DefineParameter(StringType, 'name', 'Unique name of the indicator.', false, '', 'Text')
    local interval = DefineParameter(NumberType, 'interval', 'Used interval for price data. Default is 0 and the main interval will be used.', false, 0, 'Number,InputInterval')

    -- This will improve our backtest speed when using the command.
    DefineIntervalOptimization(interval)

    --Data
    local c = HeikenClosePrices(interval, true)

    -- Input fields for the indicator.
    InputGroupHeader('MavilimW '..name..' Settings')
    local mavilimold = Input('Show Previous Version of MavilimW ?', false)
    local fmal = Input('First Moving Average length', 3)
    local smal = Input('Second Moving Average length', 5)
    
        -- Stuff
    local upperId = Load('uid', NewGuid())
    local lowerId = Load('lid', NewGuid())
    local result

    -- Calculate the indicator
        local tmal = fmal + smal
        local Fmal = smal + tmal
        local Ftmal = tmal + Fmal
        local Smal = Fmal + Ftmal

        local M1 = WMA(c, fmal)
        local M2 = WMA(M1, smal)
        local M3 = WMA(M2, tmal)
        local M4 = WMA(M3, Fmal)
        local M5 = WMA(M4, Ftmal)
        local MAVW = WMA(M5, Smal)
        local col1 = MAVW > MAVW[1]
        local col3 = MAVW &lt; MAVW[1]
        local M12= WMA(c, 3)
        local M22= WMA(M12, 5)
        local M32= WMA(M22, 8)
        local M42= WMA(M32, 13)
        local M52= WMA(M42, 21)
        local MAVW2= WMA(M52, 34)

    -- Signal logic 
 --   local result = IfElse(CrossOver(MAVW, c), SignalSell, SignalBuy)
    -- Calculate the indicator
    local result = SignalNone
    if c > MAVW and IsFalling(MAVW, 1) and IsRising(c, 1) then
        result = SignalLong
    elseif MAVW > c and IsRising(MAVW, 1) and IsFalling(c, 1) then
        result = SignalShort
    end

    --Ploting Chart
        if mavilimold == true then
            Plot(chartIndex, ' MavWOLD', MAVW2, LineOptions({color=Blue, width=2}))
        elseif mavilimold == false and MAVW > c then
            upperId = NewGuid() -- reset lower id
            Plot(chartIndex, name..' Sell', MAVW, {c=Red, width=2, id=lowerId})
        elseif mavilimold == false and MAVW &lt; c then
            lowerId  = NewGuid() -- reset upper id
            Plot(chartIndex, name..' Buy', MAVW, {c=Blue, width=2, id=upperId})
        end
 
    Save('uid', upperId)
    Save('lid', lowerId)

    -- Output Signal
    DefineOutput(EnumType, result, 'MavilimW Signal Output')

1 Comment

Kobalt almost 5 years ago

Cool!