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  • Magic Flakes

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    Abid
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    The document describes a Chaikin Volatility Indicator (CVI) trading strategy. It imports code from another indicator, sets variable lengths and inputs, calculates CVI values, and plots the results with shapes and colors to indicate bullish and bearish signals. Threshold levels can be adjusted with inputs to filter signals.

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    MagicFlakes

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    The document describes a Chaikin Volatility Indicator (CVI) trading strategy. It imports code from another indicator, sets variable lengths and inputs, calculates CVI values, and plots the results with shapes and colors to indicate bullish and bearish signals. Threshold levels can be adjusted with inputs to filter signals.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    6 views1 page

    Magic Flakes

    Uploaded by

    Abid
    The document describes a Chaikin Volatility Indicator (CVI) trading strategy. It imports code from another indicator, sets variable lengths and inputs, calculates CVI values, and plots the results with shapes and colors to indicate bullish and bearish signals. Threshold levels can be adjusted with inputs to filter signals.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    //@version=5

    //Credit to LazyBearTy for some of his CVI code\\

    indicator('MAGICFLAKES', shorttitle='MAGICFLAKES', overlay=true)


    lengthTy = input(50)
    ValC = ta.sma(hl2, lengthTy)

    bullTy = input(-1.0, title='Bull')


    bearTy = input(1.0, title='Bear')
    volTy = ta.sma(ta.atr(lengthTy), lengthTy)
    //filter=sma(cvi, 400)
    // os2=input(-1.5, title="Oversold 2")
    // ob2=input(1.5, title="Overbought 2")

    cvi = (close - ValC) / (volTy * math.sqrt(lengthTy))

    //plot(bullTy, color=green)
    //plot(bearTy, color=red)

    // plot(os2, color=green, style=3)


    // plot(ob2, color=red, style=3)
    cb = cvi <= bullTy ? color.green : cvi >= bearTy ? color.red : cvi > bullTy ?
    color.blue : cvi < bearTy ? color.blue : na
    bullTy1 = cvi <= bullTy
    bearTy1 = cvi >= bearTy
    bullTy2 = bullTy1[1] and not bullTy1
    bearTy2 = bearTy1[1] and not bearTy1
    plotshape(bullTy2, style=shape.diamond, location=location.belowbar,
    color=color.new(color.lime, 0), size=size.small)
    plotshape(bearTy2, style=shape.diamond, location=location.abovebar,
    color=color.new(color.red, 0), size=size.small)
    //plotchar(bearTy1 ? cb : na)
    //plot(cvi, color=cb, style=histogram, linewidth=2)
    //plot(filter, color=red, linewidth=2)

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