[r4stl1n] Laser Trend Indicator
stableDescription
Laser Trend Indicator
Its a simple 1 MA and 2 EMA indicator.
Source: https://www.forexstrategiesresources.com/scalping-system-iv/576-laser-trend/
HaasScript
-- [r4stl1n] Laser Trend Indicator
--
-- This indicator is part of my bored and programming series where i pick different public forex strategies
-- and implement them into the haasscripts format to be used as examples.
--
-- This is a starting version of the strategy expand it to add the stop loss and take profit
-- Source: https://www.forexstrategiesresources.com/scalping-system-iv/576-laser-trend/
--------------------------------
-- You are on your own with this script
--------------------------------
-- ~Bored and programming series~
-- Define command
DefineCommand('LaserTrend', 'Laser 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)
-- Input fields for the indicator.
-- Calculate the indicator
local prices = ClosePrices(interval)
-- Moving Averages
local emaShort = EMA(prices, 5)
local emaLong = EMA(prices, 12)
local sma = SMA(prices, 40)
-- Determine the signal.
local signal = SignalNone
-- Plot the indicator Use the chartIndex parameter.
Plot(0, 'LTEMAS', emaShort, Red)
Plot(0, 'LTEMAL', emaLong, Green)
Plot(0, 'LTSMA', sma, SkyBlue)
if emaShort < emaLong and emaLong < sma then
signal = SignalLong
end
if emaShort > emaLong and emaLong > sma then
signal = SignalShort
end
--Return the custom signal.
DefineOutput(EnumType, signal, 'Signal result', 'TradeBotContainer, IndicatorContainer, Signal Helpers')
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