Strategy for turbo option
study("One minut option strategy", overlay=true) len = input(title="Length", type=integer, defval=3) TrueRange = max(max(high-low, abs(high-nz(close[1]))), abs(low-nz(close[1]))) DirectionalMovementPlus = high-nz(high[1]) > nz(low[1])-low ? max(high-nz(high[1]), 0): 0 DirectionalMovementMinus = nz(low[1])-low > high-nz(high[1]) ? max(nz(low[1])-low, 0): 0 SmoothedTrueRange = nz(SmoothedTrueRange[1]) - (nz(SmoothedTrueRange[1])/len) + TrueRange SmoothedDirectionalMovementPlus = nz(SmoothedDirectionalMovementPlus[1]) - (nz(SmoothedDirectionalMovementPlus[1])/len) + DirectionalMovementPlus SmoothedDirectionalMovementMinus = nz(SmoothedDirectionalMovementMinus[1]) - (nz(SmoothedDirectionalMovementMinus[1])/len) + DirectionalMovementMinus DIPlus = SmoothedDirectionalMovementPlus / SmoothedTrueRange * 100 DIMinus = SmoothedDirectionalMovementMinus / SmoothedTrueRange * 100 DX = abs(DIPlus-DIMinus) / (DIPlus+DIMinus)*100 ADX = sma(DX, len) val = (DIPlus - DIMinus) * ADX smaval = sma(val, 8) //plot(val, color=val > 0 ? green : red, style=histogram, linewidth=4) //plot(sma(val, 8), color=val > 0 ? green : red, style=histogram, linewidth=4) source = close fastLength = input(3, minval=1), slowLength=input(7,minval=1) // TEMA ema1 = ema(source, fastLength) ema2 = ema(ema1, fastLength) ema3 = ema(ema2, fastLength) fastMA = 3 * (ema1 - ema2) + ema3 // DEMA e1 = ema(source, slowLength) e2 = ema(e1, slowLength) slowMA = 2 * e1 - e2 hist = fastMA - slowMA plotshape(hist > 0 and val > val[1] and smaval > smaval[1] ? 1 : na, color=lime, style=shape.arrowup, text="Buy") plotshape(hist < 0 and val < val[1] and smaval < smaval[1] ? -1 : na, color=red, style=shape.arrowdown, text="Sell")