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#Confirmation Candles V.10


#Created 04/15/2021 by Christopher84
#Select the level of agreement among the 15 indicators included.
#Changed 04/19/2021 to V.3 - Removed ChaikinOsc and replaced with STARCBands. Added
squeeze alert.
#Changed 04/20/2021 to V.4 - Added Keltner Channel, Labels, and Buy and Sell Zones. Mean
Reversion and Breakout Labels added. Reversal_Alert points added.
#Changed 4/22/2021 to V.5 - Removed Buy/Sell clouds. Created new reversal alert buy(gray
points) and take profit (red points). Increase factorK.
#Changed 4/23/2021 to V.6 - Refined reversal signals. Fully integrated Super_OB_OS indicator.
Fixed candles going yellow if colored_candles is off.
#Changed 4/26/2021 to V.7 - Refined reversal signals and included Keltner Bandwidth. Adjusted
Keltner Channel levels.
#Changed 4/27/2021 to V.8 - Improved reversal signals and included support and resistance
zones.
#Changed 05/12/2021 to V.9 - dialed in studies to give stronger signals. Removed reversal buy
and sell signals with OB/OS signals. Included OB/OS clouds to indicate favorable zones to buy
or take profit. Clouds can also indicate nearterm reversals. Cleaned up code.
#Changed 05/20/2021 to V.10 - Removed Pivot Study and replaced with CIP. Reworked Labels
to reflect mean reversion Look to Buy/Look to Sell conditions. Removed Mean Reversion Label.
Added new label to show the Confirmation_Level and color coded it to show OB/OS conditions.

#Keltner Channel
declare upper;
def displace = 0;
def factorK = 2.0;
def lengthK = 20;
def price = close;
input averageType = AverageType.SIMPLE;
def trueRangeAverageType = AverageType.SIMPLE;
def BulgeLengthK = 150;
def SqueezeLengthK = 150;
def BulgeLengthK2 = 40;
def SqueezeLengthK2 = 40;
def BulgeLengthPrice = 75;
def SqueezeLengthPrice = 75;
def BulgeLengthPrice2 = 20;
def SqueezeLengthPrice2 = 20;

def shift = factorK * MovingAverage(trueRangeAverageType, TrueRange(high, close, low),


lengthK);
def averageK = MovingAverage(averageType, price, lengthK);
def AvgK = averageK[-displace];
def Upper_BandK = averageK[-displace] + shift[-displace];
def Lower_BandK = averageK[-displace] - shift[-displace];

def conditionK1 = price >= Upper_BandK;


def conditionK2 = (Upper_BandK[1] < Upper_BandK) and (Lower_BandK[1] < Lower_BandK);
def conditionK2L = (Upper_BandK[2] < Upper_BandK[1]) and (Lower_BandK[2] <
Lower_BandK[1]);
def conditionK3L = (Upper_BandK[3] < Upper_BandK[2]) and (Lower_BandK[3] <
Lower_BandK[2]);
def conditionK3 = (Upper_BandK[1] > Upper_BandK) and (Lower_BandK[1] > Lower_BandK);
def BandwidthK = (Upper_BandK - Lower_BandK) / AvgK * 100;
def condition_BWKUP = BandwidthK[1] < BandwidthK;
def condition_BWKDOWN = BandwidthK[1] > BandwidthK;
def BulgeK = Highest(BandwidthK, BulgeLengthK);
def SqueezeK = Lowest(BandwidthK, SqueezeLengthK);
def BulgeK2 = Highest(BandwidthK, BulgeLengthK2);
def SqueezeK2 = Lowest(BandwidthK, SqueezeLengthK2);

plot IntermResistance = Highest(price, BulgeLengthPrice);


IntermResistance.AssignValueColor(if (conditionK2) then Color.GREEN else if (conditionK3)
then Color.RED else Color.GRAY);
plot IntermSupport = Lowest(price, SqueezeLengthPrice);
IntermSupport.AssignValueColor(if (conditionK2) then Color.GREEN else if (conditionK3) then
Color.RED else Color.GRAY);

plot NearTResistance = Highest(price, BulgeLengthPrice2);


NearTResistance.AssignValueColor(if (conditionK2) then Color.GREEN else if (conditionK3)
then Color.RED else Color.GRAY);
NearTResistance.SetStyle(Curve.SHORT_DASH);
plot NearTSupport = Lowest(price, SqueezeLengthPrice2);
NearTSupport.AssignValueColor(if (conditionK2) then Color.GREEN else if (conditionK3) then
Color.RED else Color.GRAY);
NearTSupport.SetStyle(Curve.SHORT_DASH);

#MACD with Price


def fastLength = 12;
def slowLength = 26;
def MACDLength = 9;
input MACD_AverageType = {SMA, default EMA};
def MACDLevel = 0.0;

def fastEMA = ExpAverage(price, fastLength);


def slowEMA = ExpAverage(price, slowLength);
def Value;
def Avg;
switch (MACD_AverageType) {
case SMA:
Value = Average(price, fastLength) - Average(price, slowLength);
Avg = Average(Value, MACDLength);
case EMA:
Value = fastEMA - slowEMA;
Avg = ExpAverage(Value, MACDLength);
}
def Diff = Value - Avg;
def Level = MACDLevel;

def condition1 = Value[1] <= Value;

#RSI
def RSI_length = 14;
def RSI_AverageType = AverageType.WILDERS;
def RSI_OB = 70;
def RSI_OS = 30;

def NetChgAvg = MovingAverage(RSI_AverageType, price - price[1], RSI_length);


def TotChgAvg = MovingAverage(RSI_AverageType, AbsValue(price - price[1]), RSI_length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);

def condition2 = (RSI[3] < RSI) is true or (RSI >= 80) is true;
def conditionOB1 = RSI > RSI_OB;
def conditionOS1 = RSI < RSI_OS;

#MFI
def MFI_Length = 14;
def MFIover_Sold = 20;
def MFIover_Bought = 80;
def movingAvgLength = 1;
def MoneyFlowIndex = Average(MoneyFlow(high, close, low, volume, MFI_Length),
movingAvgLength);
def MFIOverBought = MFIover_Bought;
def MFIOverSold = MFIover_Sold;

def condition3 = (MoneyFlowIndex[2] < MoneyFlowIndex) is true or (MoneyFlowIndex > 85) is


true;
def conditionOB2 = MoneyFlowIndex > MFIover_Bought;
def conditionOS2 = MoneyFlowIndex < MFIover_Sold;

#Forecast
def na = Double.NaN;
def MidLine = 50;
def Momentum = MarketForecast().Momentum;
def NearT = MarketForecast().NearTerm;
def Intermed = MarketForecast().Intermediate;
def FOB = 80;
def FOS = 20;
def upperLine = 110;

def condition4 = (Intermed[1] <= Intermed) or (NearT >= MidLine);


def conditionOB3 = Intermed > FOB;
def conditionOS3 = Intermed < FOS;
def conditionOB4 = NearT > FOB;
def conditionOS4 = NearT < FOS;

#Change in Price
def lengthCIP = 5;
def CIP = (price - price[1]);
def AvgCIP = ExpAverage(CIP[-displace], lengthCIP);
def CIP_UP = AvgCIP > AvgCIP[1];

def condition5 = CIP_UP;


#EMA_1
def EMA_length = 12;
def AvgExp = ExpAverage(price[-displace], EMA_length);

def condition6 = (price >= AvgExp) and (AvgExp[2] <= AvgExp);

#EMA_2
def EMA_2length = 20;
def displace2 = 0;
def AvgExp2 = ExpAverage(price[-displace2], EMA_2length);

def condition7 = (price >= AvgExp2) and (AvgExp2[2] <= AvgExp2);

#DMI Oscillator
def DMI_length = 5;#Typically set to 10
input DMI_averageType = AverageType.WILDERS;
def diPlus = DMI(DMI_length, DMI_averageType)."DI+";
def diMinus = DMI(DMI_length, DMI_averageType)."DI-";
def Osc = diPlus - diMinus;
def Hist = Osc;
def ZeroLine = 0;

def condition8 = Osc >= ZeroLine;

#Trend_Periods
def TP_fastLength = 3;#Typically 7
def TP_slowLength = 4;#Typically 15
def Periods = Sign(ExpAverage(close, TP_fastLength) - ExpAverage(close, TP_slowLength));

def condition9 = Periods > 0;

#Polarized Fractal Efficiency


def PFE_length = 5;#Typically 10
def smoothingLength = 2.5;#Typically 5
def PFE_diff = close - close[PFE_length - 1];
def val = 100 * Sqrt(Sqr(PFE_diff) + Sqr(PFE_length)) / Sum(Sqrt(1 + Sqr(close - close[1])),
PFE_length - 1);
def PFE = ExpAverage(if PFE_diff > 0 then val else -val, smoothingLength);
def UpperLevel = 50;
def LowerLevel = -50;

def condition10 = PFE > 0;


def conditionOB5 = PFE > UpperLevel;
def conditionOS5 = PFE < LowerLevel;

#Bollinger Bands PercentB


input BBPB_averageType = AverageType.SIMPLE;
def BBPB_length = 20;#Typically 20
def Num_Dev_Dn = -2.0;
def Num_Dev_up = 2.0;
def BBPB_OB = 100;
def BBPB_OS = 0;
def upperBand = BollingerBands(price, displace, BBPB_length, Num_Dev_Dn, Num_Dev_up,
BBPB_averageType).UpperBand;
def lowerBand = BollingerBands(price, displace, BBPB_length, Num_Dev_Dn, Num_Dev_up,
BBPB_averageType).LowerBand;
def PercentB = (price - lowerBand) / (upperBand - lowerBand) * 100;
def HalfLine = 50;
def UnitLine = 100;

def condition11 = PercentB > HalfLine;


def conditionOB6 = PercentB > BBPB_OB;
def conditionOS6 = PercentB < BBPB_OS;

#STARC Bands
def ATR_length = 15;
def SMA_lengthS = 6;
def multiplier_factor = 1.25;
def valS = Average(price, SMA_lengthS);
def average_true_range = Average(TrueRange(high, close, low), length = ATR_length);
def Upper_BandS = valS[-displace] + multiplier_factor * average_true_range[-displace];
def Middle_BandS = valS[-displace];
def Lower_BandS = valS[-displace] - multiplier_factor * average_true_range[-displace];

def condition12 = (Upper_BandS[1] <= Upper_BandS) and (Lower_BandS[1] <=


Lower_BandS);

#Klinger Histogram
def Klinger_Length = 13;
def KVOsc = KlingerOscillator(Klinger_Length).KVOsc;
def KVOH = KVOsc - Average(KVOsc, Klinger_Length);
def condition13 = (KVOH > 0);

#Projection Oscillator
def ProjectionOsc_length = 30;#Typically 10
def MaxBound = HighestWeighted(high, ProjectionOsc_length, LinearRegressionSlope(price =
high, length = ProjectionOsc_length));
def MinBound = LowestWeighted(low, ProjectionOsc_length, LinearRegressionSlope(price =
low, length = ProjectionOsc_length));
def ProjectionOsc_diff = MaxBound - MinBound;
def PROSC = if ProjectionOsc_diff != 0 then 100 * (close - MinBound) / ProjectionOsc_diff else
0;
def PROSC_OB = 80;
def PROSC_OS = 20;

def condition14 = (PROSC > 50);# or ((PROSC[1] < PROSC) and PROSC > 40);
def conditionOB7 = PROSC > PROSC_OB;
def conditionOS7 = PROSC < PROSC_OS;

#Trend Confirmation Calculator


#Confirmation_Factor range 1-15.
input coloredCandlesOn = yes;
input Confirmation_Factor = 7;
#Use for testing conditions individually. Remove # from line below and change
Confirmation_Factor to 1.
#def Agreement_Level = condition1;
def Agreement_LevelOB = 12;
def Agreement_LevelOS = 3;

def Agreement_Level = condition1 + condition2 + condition3 + condition4 + condition5 +


condition6 + condition7 + condition8 + condition9 + condition10 + condition11 + condition12 +
condition13 + condition14 + conditionK1 + conditionK2;

def conditionChannel1 = Upper_BandK > price;


def conditionChannel2 = Lower_BandK < price;

def UP = Agreement_Level >= Confirmation_Factor;


def DOWN = Agreement_Level < Confirmation_Factor;

AssignPriceColor(if coloredCandlesOn and UP then Color.LIGHT_GREEN else if


coloredCandlesOn and DOWN then Color.RED else Color.CURRENT);

#Additional Signals

#Keltner #2
input showCloud = yes;
def factorK2 = 3.25;
def lengthK2 = 20;

def shiftK2 = factorK2 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low),


lengthK2);
def averageK2 = MovingAverage(averageType, price, lengthK2);
def AvgK2 = averageK2[-displace];
def Upper_BandK2 = averageK2[-displace] + shiftK2[-displace];
def Lower_BandK2 = averageK2[-displace] - shiftK2[-displace];

def condition_BandRevDn = (Upper_BandS > Upper_BandK2);


def condition_BandRevUp = (Lower_BandS < Lower_BandK2);

AddCloud(if showCloud and condition_BandRevUp then Lower_BandK2 else Double.NaN,


Lower_BandS, Color.LIGHT_GREEN, color.CURRENT);
AddCloud(if showCloud and condition_BandRevDn then Upper_BandS else Double.NaN,
Upper_BandK2, Color.LIGHT_Red, Color.CURRENT);

#Super_OB/OS Signal
def OB_Level = conditionOB1 + conditionOB2 + conditionOB3 + conditionOB4 +
conditionOB5 + conditionOB6 + conditionOB7;
def OS_Level = conditionOS1 + conditionOS2 + conditionOS3 + conditionOS4 + conditionOS5
+ conditionOS6 + conditionOS7;

def Consensus_Line = OB_Level - OS_Level;


def Zero_Line = 0;
def Super_OB = 4;
def Super_OS = -3;
def DOWN_OB = (Agreement_Level > Agreement_LevelOB) and (Consensus_Line >
Super_OB);
def UP_OS = (Agreement_Level < Agreement_LevelOS) and (Consensus_Line < Super_OS);

def OS_Buy = UP_OS;


def OB_Sell = DOWN_OB;
def neutral = Consensus_Line < Super_OB and Consensus_Line > Super_OS;

#AddVerticalLine (OS_Buy and !OS_Buy[1], close, Color.GREEN, Curve.SHORT_DASH);


#AddVerticalLine (Neutral and !neutral[1], close, Color.Gray, Curve.SHORT_DASH);
#AddVerticalLine (OB_Sell and OB_Sell and !OB_Sell[1], close, Color.RED,
Curve.SHORT_DASH);

def Buy_Opportnity = if OS_Buy then Double.POSITIVE_INFINITY else


Double.NEGATIVE_INFINITY;
#AddCloud(Buy_Opportnity, Neutral, Color.LIGHT_GREEN, Color.LIGHT_RED);
def Sell_Opportnity = if OB_Sell then Double.POSITIVE_INFINITY else
Double.NEGATIVE_INFINITY;
#AddCloud(Sell_Opportnity, Neutral, Color.LIGHT_RED, Color.LIGHT_RED);

plot OB_Signal = Upper_BandS crosses above IntermResistance;


OB_Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
OB_Signal.SetLineWeight(3);
OB_Signal.SetDefaultColor(Color.RED);

plot OS_Signal = (condition_BandRevUP) and (Lower_BandS crosses below IntermSupport);


OS_Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
OS_Signal.SetLineWeight(3);
OS_Signal.SetDefaultColor(Color.GREEN);

#Squeeze Alert
def length = 20;
def BulgeLength = 150;
def SqueezeLength = 150;
def upperBandBB = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_up,
averageType).UpperBand;
def lowerBandBB = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_up,
averageType).LowerBand;
def midLineBB = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_up,
averageType).MidLine;
def Bandwidth = (upperBandBB - lowerBandBB) / midLineBB * 100;
def Bulge = Highest(Bandwidth, BulgeLength);
def Squeeze = Lowest(Bandwidth, SqueezeLength);

plot Squeeze_Alert = Bandwidth <= Squeeze;


Squeeze_Alert.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Squeeze_Alert.SetLineWeight(3);
Squeeze_Alert.SetDefaultColor(Color.YELLOW);

#Trend Signals
#Bollinger_Bands2
def lengthBB = 10;
def Num_Dev_DnBB = -0.8;
def Num_Dev_upBB = 0.8;

def price1 = open;


def sDev = StDev(data = price[-displace], length = lengthBB);
def MidLineBB2 = MovingAverage(averageType, data = price[-displace], length = lengthBB);
def LowerBandBB2 = MidLineBB2 + Num_Dev_DnBB * sDev;
def UpperBandBB2 = MidLineBB2 + Num_Dev_upBB * sDev;

plot UPConfirmSignal = Agreement_Level crosses above Confirmation_Factor;


UPConfirmSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
UPConfirmSignal.SetLineWeight(1);
UPConfirmSignal.SetDefaultColor(Color.GREEN);

plot DOWNConfirmSignal = Agreement_Level crosses below Confirmation_Factor;


DOWNConfirmSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
DOWNConfirmSignal.SetLineWeight(1);
DOWNConfirmSignal.SetDefaultColor(Color.RED);

#Labels
def Buy = UP_OS;
def Sell = DOWN_OB;
AddLabel(yes, "Look_To_Buy", if (ConditionK2 and (Agreement_Level <
Confirmation_Factor)) then Color.GREEN else Color.GRAY);
AddLabel(yes, "Look_To_Sell", if (ConditionK3 and (Agreement_Level >
Confirmation_Factor)) then Color.RED else Color.GRAY);

def MomentumUP = Agreement_Level[1] < Agreement_Level;


def MomentumDOWN = Agreement_Level[1] > Agreement_Level;
AddLabel(yes, "Increasing Momentum", if MomentumUP then Color.GREEN else
Color.GRAY);
AddLabel(yes, "Decreasing Momentum", if MomentumDOWN then Color.RED else
Color.GRAY);

def conditionBO = ((Upper_BandS[1] < Upper_BandS) and (Lower_BandS[1] < Lower_BandS))


and ((Upper_BandK[1] < Upper_BandK) and (Lower_BandK[1] < Lower_BandK));
AddLabel(yes, "BREAKOUT", if conditionBO then Color.GREEN else Color.GRAY);

def conditionBD = ((Upper_BandS[1] > Upper_BandS) and (Lower_BandS[1] > Lower_BandS)


and (Upper_BandK[1] > Upper_BandK) and (Lower_BandK[1] > Lower_BandK));
AddLabel(yes, "BREAKDOWN", if conditionBD then Color.RED else Color.GRAY);

def Squeeze_Signal = Squeeze_Alert;


AddLabel(yes, "SQUEEZE ALERT", if Squeeze_Signal then Color.YELLOW else
Color.GRAY);

AddLabel(yes, "Confirmation_Level = " + round(Agreement_Level,1), if ((Agreement_Level >=


12) and (Consensus_Line >= 4)) then Color.RED else if ((Agreement_Level <= 3) and
(Consensus_Line <= -3)) then Color.Green else color.Gray);

Alert(Agreement_Level crosses above Confirmation_Factor, "long", Alert.BAR, Sound.DING);


Alert(Agreement_Level crosses below Confirmation_Factor, "short", Alert.BAR, Sound.DING);
Here is the Confirmation Candles lower study.
Code:
#Confirmation Candles Lower V.10
#Created 04/15/2021 by Christopher84
#Select the level of agreement among the 14 indicators included.
#Last changed 04/20/2021 to V.3 - Removed ChaikinOsc and replaced with STARCBands.
Adjusted levels to match upper study. Added OB/OS levels.
#Changed 05/12/2021 to V.9 - dialed in studies to give stronger signals.
#Changed 05/20/2021 to V.10 - Removed Pivot Study and replaced with CIP.

#Keltner Channel
declare lower;
def displace = 0;
def factorK = 2.0;
def lengthK = 20;
def price = close;
input averageType = AverageType.SIMPLE;
input trueRangeAverageType = AverageType.SIMPLE;

def shift = factorK * MovingAverage(trueRangeAverageType, TrueRange(high, close, low),


lengthK);
def averageK = MovingAverage(averageType, price, lengthK);
def AvgK = averageK[-displace];
def Upper_BandK = averageK[-displace] + shift[-displace];
def Lower_BandK = averageK[-displace] - shift[-displace];

def conditionKup = price >= Upper_BandK;


def conditionKdown = price <= Lower_BandK;

#MACD with Price


def fastLength = 12;
def slowLength = 26;
def MACDLength = 9;
input MACD_AverageType = {SMA, default EMA};
def MACDLevel = 0.0;

def fastEMA = ExpAverage(price, fastLength);


def slowEMA = ExpAverage(price, slowLength);
def Value;
def Avg;
switch (MACD_AverageType) {
case SMA:
Value = Average(price, fastLength) - Average(price, slowLength);
Avg = Average(Value, MACDLength);
case EMA:
Value = fastEMA - slowEMA;
Avg = ExpAverage(Value, MACDLength);}
def Diff = Value - Avg;
def Level = MACDLevel;

def condition1 = Value[1] <= Value;


#RSI
def RSI_length = 14;
def RSI_AverageType = AverageType.WILDERS;
def RSI_OB = 70;
def RSI_OS = 30;

def NetChgAvg = MovingAverage(RSI_AverageType, price - price[1], RSI_length);


def TotChgAvg = MovingAverage(RSI_AverageType, AbsValue(price - price[1]), RSI_length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);

def condition2 = (RSI[3] < RSI) is true or (RSI >= 80) is true;
def conditionRSI_OB = RSI > RSI_OB;
def conditionRSI_OS = RSI < RSI_OS;

#MFI
def MFI_Length = 14;
def MFIover_Sold = 20;
def MFIover_Bought = 80;
def movingAvgLength = 1;
def MoneyFlowIndex = Average(moneyflow(high, close, low, volume, MFI_Length),
movingAvgLength);
def MFIOverBought = MFIover_Bought;
def MFIOverSold = MFIover_Sold;

def condition3 = (MoneyFlowIndex[2] < MoneyFlowIndex) is true or (MoneyFlowIndex > 85) is


true;
def conditionMFI_OB = MoneyFlowIndex > MFIover_Bought;
def conditionMFI_OS = MoneyFlowIndex < MFIover_Sold;

#Forecast
def na = Double.NaN;
def MidLine = 50;
def Momentum = MarketForecast().Momentum;
def NearT = MarketForecast().NearTerm;
def Intermed = MarketForecast().Intermediate;
def FOB = 80;
def FOS = 20;
def upperLine = 110;

def condition4 = (Intermed[1] <= Intermed) or (NearT >= MidLine);


def conditionFOB = Intermed > FOB;
def conditionFOS = Intermed < FOS;

#Change in Price
def lengthCIP = 5;
def CIP = (price - price[1]);
def AvgCIP = ExpAverage(CIP[-displace], lengthCIP);
def CIP_UP = AvgCIP > AvgCIP[1];
def CIP_DOWN = AvgCIP < AvgCIP[1];
def condition5 = CIP_UP;

#EMA_1
def EMA_length = 12;
def AvgExp = ExpAverage(price[-displace], EMA_length);

def condition6 = (price >= AvgExp) and (AvgExp[2] <= AvgExp);

#EMA_2
def EMA_2length = 20;
def displace2 = 0;
def AvgExp2 = ExpAverage(price[-displace2], EMA_2length);

def condition7 = (price >= AvgExp2) and (AvgExp2[2] <= AvgExp2);

#DMI Oscillator
def DMI_length = 5;#Typically set to 10
input DMI_averageType = AverageType.WILDERS;
def diPlus = DMI(DMI_length, DMI_averageType)."DI+";
def diMinus = DMI(DMI_length, DMI_averageType)."DI-";
def Osc = diPlus - diMinus;
def Hist = Osc;
def ZeroLine = 0;

def condition8 = Osc >= zeroline;

#Trend_Periods
def TP_fastLength = 3;#Typically 7
def TP_slowLength = 4;#Typically 15
def Periods = sign(ExpAverage(close, TP_fastLength) - ExpAverage(close, TP_slowLength));

def condition9 = Periods > 0;

#Polarized Fractal Efficiency


def PFE_length = 5;#Typically 10
def smoothingLength = 2.5;#Typically 5
def PFE_diff = close - close[PFE_length - 1];
def val = 100 * Sqrt(Sqr(PFE_diff) + Sqr(PFE_length)) / sum(Sqrt(1 + Sqr(close - close[1])),
PFE_length - 1);
def PFE = ExpAverage(if PFE_diff > 0 then val else -val, smoothingLength);
def UpperLevel = 50;
def LowerLevel = -50;

def condition10 = PFE > 0;


def conditionPFE_OB = PFE > UpperLevel;
def conditionPFE_OS = PFE < LowerLevel;

#Bollinger Bands PercentB


input BBPB_averageType = AverageType.Simple;
def BBPB_length = 20;#Typically 20
def Num_Dev_Dn = -2.0;
def Num_Dev_up = 2.0;
def BBPB_OB = 100;
def BBPB_OS = 0;
def upperBand = BollingerBands(price, displace, BBPB_length, Num_Dev_Dn, Num_Dev_up,
BBPB_averageType).UpperBand;
def lowerBand = BollingerBands(price, displace, BBPB_length, Num_Dev_Dn, Num_Dev_up,
BBPB_averageType).LowerBand;
def PercentB = (price - lowerBand) / (upperBand - lowerBand) * 100;
def HalfLine = 50;
def UnitLine = 100;

def condition11 = PercentB > HalfLine;


def conditionBBPB_OB = PercentB > BBPB_OB;
def conditionBBPB_OS = PercentB < BBPB_OS;

#STARC Bands
def ATR_length = 15;
def SMA_lengthS = 6;
def multiplier_factor = 1.25;
def valS = Average(price, SMA_lengthS);
def average_true_range = Average(TrueRange(high, close, low), length = ATR_length);
def Upper_BandS = valS[-displace] + multiplier_factor * average_true_range[-displace];
def Middle_BandS = valS[-displace];
def Lower_BandS = valS[-displace] - multiplier_factor * average_true_range[-displace];

def condition12 = (Upper_BandS[1] <= Upper_BandS) and (Lower_BandS[1] <=


Lower_BandS);

#Klinger Histogram
def Klinger_Length = 13;
def KVOsc = KlingerOscillator(Klinger_Length).KVOsc;
def KVOH = KVOsc - Average(KVOsc, Klinger_Length);
def condition13 = (KVOH > 0);

#Projection Oscillator
def ProjectionOsc_length = 30;#Typically 10
def MaxBound = HighestWeighted(high, ProjectionOsc_length,
LinearRegressionSlope(price=high, length=ProjectionOsc_length));
def MinBound = LowestWeighted(low, ProjectionOsc_length, LinearRegressionSlope(price=low,
length=ProjectionOsc_length));
def ProjectionOsc_diff = MaxBound - MinBound;
def PROSC = if ProjectionOsc_diff != 0 then 100 * (close - MinBound) / ProjectionOsc_diff else
0;
def PROSC_OB = 80;
def PROSC_OS = 20;

def condition14 = PROSC > 50;


def conditionPROSC_OB = PROSC > PROSC_OB;
def conditionPROSC_OS = PROSC < PROSC_OS;

#Trend Confirmation Calculator


#Confirmation_Factor range 1-15.
input Confirmation_Factor = 7;
#Use for testing conditions individually. Remove # from line below and change
Confirmation_Factor to 1.
#def Agreement_Level = condition1;
plot Agreement_Level = condition1 + condition2 + condition3 + condition4 + condition5 +
condition6 + condition7 + condition8 + condition9 + condition10 + condition11 + condition12 +
condition13 + condition14 + conditionKup;

Agreement_Level.AssignValueColor(
if Agreement_Level > Agreement_Level[1] and Agreement_Level >= Confirmation_Factor then
Color.LIGHT_GREEN
else if Agreement_Level < Agreement_Level[1] and Agreement_Level >= Confirmation_Factor
then Color.LIGHT_GREEN
else if Agreement_Level < Agreement_Level[1] and Agreement_Level < Confirmation_Factor
then Color.RED else
if Agreement_Level > Agreement_Level[1] and Agreement_Level < Confirmation_Factor then
Color.DARK_RED
else Color.GRAY);

plot Factor_Line = Confirmation_Factor;


Factor_Line.SetStyle(Curve.SHORT_DASH);
Factor_Line.SetLineWeight(1);
Factor_Line.SetDefaultColor(Color.Gray);

plot OB_Level = 12;


OB_Level.SetPaintingStrategy(PaintingStrategy.LINE);
OB_Level.SetLineWeight(1);
OB_Level.SetDefaultColor(Color.RED);

plot OS_Level = 3;
OS_Level.SetPaintingStrategy(PaintingStrategy.LINE);
OS_Level.SetLineWeight(1);
OS_Level.SetDefaultColor(Color.LIGHT_GREEN);

AddCloud(Agreement_Level, OB_Level, Color.RED, Color.CURRENT);


AddCloud(Agreement_Level, OS_Level, Color.CURRENT, Color.LIGHT_GREEN);

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