ChartArt

Stock Market Trend Analysis Trading System 101 (by ChartArt)

This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price.

Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction from uptrend to downtrend (or vice versa), there is a background color highlight in the color of the new trend direction.

The trend detection should work best on monthly charts. I have created this in under an hour. My goal was to use the least amount of rules possible, therefore there are many false signals and the code is quite lazy.

You can lose all your money if you rely on these buy/sell signals!
오픈 소스 스크립트

이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?
study("Stock Market Trend Analysis Trading System 101 (by ChartArt)", shorttitle="CA_-_TradingSystem101", overlay=true)

// ChartArt's Stock Market Trend Analysis Trading System 101 Indicator
//
// Version 1.0
// Idea by ChartArt on August 3, 2015.
//
// This indicator is measuring the essential core of
// uptrends and downtrends using three basic elements:
// Close price, HL2 price, Pivot price.
// 
// Potential stronger uptrends and downtrends are
// shown in a different brighter color. And if the
// trend changed from uptrend to downtrend (or vice versa)
// there is a background color highlight.
//
// List of my work: 
// https://www.tradingview.com/u/ChartArt/


// high, low band
lower = low
upper = high
l = plot(lower, color=silver)
u = plot(upper, color=silver)
fill(u, l, color=silver)

// pivot
pivot = (high + low + close ) / 3.0 

// bar color
TrendingUp() => close > close[1] and hl2 > hl2[1] and close > pivot 
TrendingDown() => close < close[1] and hl2 < hl2[1] and close < pivot 
barcolor(TrendingUp() ? green : TrendingDown() ? red : blue)

// background color
bgcolor(TrendingUp() and TrendingDown()[1] ? green : TrendingDown() and TrendingUp()[1] ? red : na)

// buy, sell signals
bearish = cross(close,pivot) == 1 and close[1] > close 
bullish = cross(close,pivot) == 1 and close[1] < close 
plotshape(bearish, color=maroon, style=shape.arrowdown, text="Sell", location=location.abovebar)
plotshape(bullish, color=olive, style=shape.arrowup, text="Buy", location=location.belowbar)

// strong buy, strong sell signals
verybearish = cross(close,pivot) == 1 and close[1] > close and TrendingDown()
verybullish = cross(close,pivot) == 1 and close[1] < close and TrendingUp()
plotshape(verybearish, color=fuchsia, style=shape.arrowdown, text="Sell", location=location.abovebar)
plotshape(verybullish, color=lime, style=shape.arrowup, text="Buy", location=location.belowbar)