SWITCH STATS-Andean Oscillator
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// This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/ //@version=5 indicator("SWITCH STATS-Andean Oscillator",overlay=true) //------------------------------------------------------------------------------ //-----------------------------------------------------------------------------{ length = input(50) sig_length = input(9,'Signal Length') ScapingMode=input(true, "Plot signals") // //-----------------------------------------------------------------------------} //Exponential Envelopes //-----------------------------------------------------------------------------{ var alpha = 2/(length+1) // var up1 = 0.,var up2 = 0. var dn1 = 0.,var dn2 = 0. C = close O = open up1 := nz(math.max(C, O, up1[1] - (up1[1] - C) * alpha), C) up2 := nz(math.max(C * C, O * O, up2[1] - (up2[1] - C * C) * alpha), C * C) dn1 := nz(math.min(C, O, dn1[1] + (C - dn1[1]) * alpha), C) dn2 := nz(math.min(C * C, O * O, dn2[1] + (C * C - dn2[1]) * alpha), C * C) //Components bull = math.sqrt(dn2 - dn1 * dn1) bear = math.sqrt(up2 - up1 * up1) signal = ta.ema(math.max(bull, bear), sig_length) buycondition = ta.crossover(bull,signal) and bear <=0 and close > close[1] sellcondiion = ta.crossover(bear,signal) and bull <=0 and close < close[1] buyconditioncolor = bull > signal and bear <=0 sellcondiioncolor = bear > signal and bull <=0 plotshape(ScapingMode and buycondition,title="Buys",text="B",location=location.belowbar,style=shape.labelup,textcolor=color.new(#FFFFFF,0),color=color.green) plotshape(ScapingMode and sellcondiion,title="Sell",text="S",location=location.abovebar,style=shape.labeldown,textcolor=color.new(#FFFFFF,0),color=color.red) exitbuycondition = ta.crossover(signal,bull) exitsellcondition = ta.crossover(signal,bear) plotshape(ScapingMode and exitbuycondition,title="Exit Buy",location=location.abovebar,style=shape.xcross,textcolor=color.new(#FFFFFF,0),color=color.purple,size=size.tiny) plotshape(ScapingMode and exitsellcondition,title="Exit Sell",location=location.belowbar,style=shape.xcross,textcolor=color.new(#FFFFFF,0),color=color.purple,size=size.tiny) barcolor(ScapingMode and buyconditioncolor ? color.teal : na) barcolor(ScapingMode and sellcondiioncolor ? color.orange : na) alertcondition(buycondition or sellcondiion, "Andean Oscillator Entry") alertcondition(exitbuycondition or exitsellcondition, "Andean Oscillator Exits")