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  • Mannu 230118 092910

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    The document defines inputs and constants for a study called "MANNU MATRIX" that analyzes price trends using a price action channel. It calculates the lower and upper bands of the price action channel using EMAs of the lows and highs. It then plots a trend direction indicator at the bottom of the chart in different colors (green, red, or gray) depending on where the price action is relative to the upper and lower bands of the price action channel.

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    The document defines inputs and constants for a study called "MANNU MATRIX" that analyzes price trends using a price action channel. It calculates the lower and upper bands of the price action channel using EMAs of the lows and highs. It then plots a trend direction indicator at the bottom of the chart in different colors (green, red, or gray) depending on where the price action is relative to the upper and lower bands of the price action channel.

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

    Mannu 230118 092910

    Uploaded by

    garbage Dump
    The document defines inputs and constants for a study called "MANNU MATRIX" that analyzes price trends using a price action channel. It calculates the lower and upper bands of the price action channel using EMAs of the lows and highs. It then plots a trend direction indicator at the bottom of the chart in different colors (green, red, or gray) depending on where the price action is relative to the upper and lower bands of the price action channel.

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    © All Rights Reserved
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    // © MANNU

    //@version=4

    study(title="MANNU MATRIX", shorttitle="MANNU MATRIX", overlay=true)

    ShowTrendIndi = input(true, title="Show Trend Indicator")


    PACLen = input(50,minval=2,title="EMA ")
    src = input(close,title="Source for Wave centre EMA")

    // --- CONSTANTS ---


    DodgerBlue = #1E90FF

    // === /INPUTS ===


    // Constants colours that include fully non-transparent option.
    lime100 = #00FF00FF
    blue100 = #0000FFFF
    aqua100 = #00FFFFFF
    darkred100 = #8B0000FF

    // === SERIES SETUP ===

    // Price action channel (Wave)

    pacLo = ema(low, PACLen)


    pacHi = ema(high, PACLen)

    // === /SERIES ===

    // === PLOTTING ===


    //

    // Show trend direction indication on the bottom


    wcolor = high>pacHi and low>pacHi? color.lime : low<pacLo and high<pacLo ?
    color.red : color.gray
    plotshape(ShowTrendIndi?src:na,
    color=wcolor,location=location.bottom,style=shape.square,size=size.normal,transp=20
    ,title="Trend Direction")
    //

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