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Xtrategia Bigvalue

This document defines a technical analysis indicator that plots normalized candlesticks relative to moving average bands and includes horizontal signal lines. It first defines input parameters for period lengths and signal levels. It then calculates volatility ranges and normalizes price data by the moving average and volatility range before plotting the normalized candlesticks with color coded based on open/close and including horizontal signal lines.

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Bruno Taborda
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126 views2 pages

Xtrategia Bigvalue

This document defines a technical analysis indicator that plots normalized candlesticks relative to moving average bands and includes horizontal signal lines. It first defines input parameters for period lengths and signal levels. It then calculates volatility ranges and normalizes price data by the moving average and volatility range before plotting the normalized candlesticks with color coded based on open/close and including horizontal signal lines.

Uploaded by

Bruno Taborda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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instrument {

name = 'XTRATEGIA BIGVALUE',


icon = 'indicators:BelkhayateTiming',
overlay = false
}

function prev(s,i)
y=abs(round(i))
return s[y]
end

length = input(5, "Numero de Velas")


extTop = input(10, "Extreme Level Top")
extBot = input(-10, "Extreme Level Bottom")
sigTop = input(9, "Significant Level Top")
sigBot = input(-9, "Significant Level Bottom")
fairTop = input(9, "Fair Value Top")
fairBot = input(-9, "Fair Value Bottom")

varp = round(length/5)
h_f = length > 7

vara= h_f and highest(high,varp)-lowest(low,varp) or 0


varr1 = h_f and iff(vara==0 and varp==1,abs(close-prev(close,-varp)),vara) or 0
varb=h_f and prev(highest(high,varp),-varp+1)-prev(lowest(low,varp),-varp) or 0
varr2 = h_f and iff(varb==0 and varp==1,abs( prev(close,-varp)-prev(close,-
varp*2) ),varb) or 0
varc=h_f and prev(highest(high,varp),-varp*2)-prev(lowest(low,varp),-varp*2) or 0
varr3 = h_f and iff(varc == 0 and varp==1,abs(prev(close,-varp*2)-prev(close,-
varp*3)),varc) or 0
vard = h_f and prev(highest(high,varp),-varp*3)-prev(lowest(low,varp),-varp*3) or 0
varr4 = h_f and iff(vard == 0 and varp==1,abs(prev(close,-varp*3)-prev(close,-
varp*4)),vard) or 0
vare = h_f and prev(highest(high,varp),-varp*4)-prev(lowest(low,varp),-varp*4) or 0
varr5 = h_f and iff(vare == 0 and varp==1,abs(prev(close,-varp*4)-prev(close,-
varp*5)),vare) or 0
cdelta = abs(close - prev(close,-1))
var0 = (not h_f) and iff((cdelta > (high-low)) or (high==low),cdelta,(high-low)) or
0
lrange=h_f and ((varr1+varr2+varr3+varr4+varr5)/5)*.2 or sma(var0,5)*.2

mba = sma( (high+low)/2,length)


vopen = (open- mba)/lrange
vhigh = (high-mba)/lrange
vlow = (low-mba)/lrange
vclose = (close-mba)/lrange

colorr = open > close and "red" or "green"

plot_candle {
open = vopen,
high = vhigh,
low = vlow,
close = vclose,
candle_color = colorr
}

hline(extTop,"","red")
hline(extBot,"","green")
hline(sigTop,"","red")
hline(sigBot,"","green")
hline(fairTop,"","red")
hline(fairBot,"","green")

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