SCMR Candles
Prayank
study(title="SCMRCANDLES", precision=0, overlay = true)
HC = input(defval=false, title="-----> High Contrast. Automatic Dark Background")
showPT=input(true, title="Show Pivots Text", type=bool)
showRev=input(true, title="Show Confirmed Upside Reversals Text", type=bool)
showDet=input(true, title="Show Early Detection", type=bool)
//Declare General Trend
TL1(src, len) =>
weight = 3.5 / (len + 1)
sum = nz(sum[1]) - nz(src[len]) + src
ma = na(src[len]) ? na : sum/len
out = na(out[1]) ? ma : (src - out[1]) * weight + out[1]
out
TL(src, len) =>
weight = 2 / (len + 1)
sum = nz(sum[1]) - nz(src[len]) + src
ma = na(src[len]) ? na : sum/len
out = na(out[1]) ? ma : (src - out[1]) * weight + out[1]
out
TL3 = TL(low,16) - TL1(low,16)
TL4 = percentrank(TL3, 8)
TL5 = (TL3 < 0 and TL4 > 75) ? 1 : 0
//////
TH1(src, len) =>
weight = 3.5 / (len + 1)
sum = nz(sum[1]) - nz(src[len]) + src
ma = na(src[len]) ? na : sum/len
out = na(out[1]) ? ma : (src - out[1]) * weight + out[1]
out
TH(src, len) =>
weight = 2 / (len + 1)
sum = nz(sum[1]) - nz(src[len]) + src
ma = na(src[len]) ? na : sum/len
out = na(out[1]) ? ma : (src - out[1]) * weight + out[1]
out
TH3 = TH1(high,16) - TH(high,16)
TH4 = percentrank(TH3, 8)
TH5 = (TH3 > 0 and TH4 < 25) ? 1 : 0
//Bar Offsets
offset1 = low - (low * .9998)
h = iff(TH5, TH(high,16), TH1(high,16))
o1 = offset(h,1)
o2 = offset(h,2)
o3 = offset(h,3)
o4 = offset(h,4)
l = iff(TL5, TL(low,16), TL1(low,16))
i1 = offset(l,1)
i2 = offset(l,2)
i3 = offset(l,3)
i4 = offset(l,4)
i5 = offset(l,5)
//min lows
ll1 = lowest(low,2)
ll2 = lowest(low,3)
// Offset
Minl = offset(ll1, 1)
Minla = offset(ll1, 2)
Minl2 = offset(ll2,1)
//max highs
hh1 = highest(high,2)
hh2 = highest(high,3)
// Offset
Maxh = offset(hh1, 1)
Maxh2 = offset(hh2,1)
Maxh3 = offset(hh2,2)
//Decisions
//isIntra() => dayofweek > dayofweek(1) and change(dayofweek(1) = dayofweek(1,1)
isBO() => title = "Price Breakout", close[3] < i3 and close[2] < i2 and close[1] < i1 and close > h
isBD() => title = "Price Breakdown", close[3] > o3 and close[2] > o2 and close[1] > o1 and close < l
isUR() => title = "Price Pivot, Downside warning", close[2] > o2 and close < close[1] and close < h and close > Minl2 and close < open and close < low[1]
isBOn() => title = "Price Broke Out, no followthrough, treat as pivot", (close[4] < i4 and close[3] < i3 and close[2] < i2 and close[1] > o1 and close > Minl and close < high[1]) or (close[5] < i5 and close[4] < i4 and close[3] < i3 and close[2] > o2 and close < h and close[1] > Minla and close > Minl and close < high[1] and open > close)
isUCRU() => title = "Price UNconfirmed Reversal Up", close[1] < i1 and close > l and close < h and close > open
isUNCRD() => title = "Price Pivot, Downside Bias", (close[2] > i2 and low[1] < i1 and close[1] < i1 and high < high[1] and close < l and low > low[1] and close > close[1]) or (low[2] > i2 and low[1] < i1 and close[1] > i1 and close > low[1] and close < l) or (close[2] > i2 and close[1] < i2 and low[1] > low[2] and (close > low[1] or close > low[2]) and low > low[2] and close < l)
isP() => title = "Price Pivot", (close[1] < o1 and close[2] > i2 and low[1] < i1 and close[1] > i1 and high < high[1] and high > l and (close < l or close < close[1]) and close > low[1] and open < close) or (close[4] > o4 and close[3] < i3 and close[1] > o1 and close > h and close[1] < Maxh3 and open > close and close > low[1])
// isP2
is5HR() => title = "Price 5 Bar High, then reversal, 1-3 bar downside bias", high > (Maxh2 + .01) and close < open and close[1] > o1 and close[1] > open[1] and close > l
isUW() => title = "Price in WEAK Uptrend", (close[1] < o1 and close > TH(high, 16) and close < high[1])
isUp() => title = "Price in Uptrend", close > TH(high,16)
isDown() => title = "Price in Downtrend", close < TL(low, 16)
isN() => title = "Price is Neutral, no definable sequence", (close > TL(low, 16) and close < TH(high, 16)) or close > TH(high,16) and close[1] < TL(low,16)
//Plot BarColor
barcolor(isBO() ? yellow : isBD() ? purple : isUR() ? orange : isBOn() ? olive : isUCRU() ? #0066FF : isUNCRD() ? #FF00FF : isP() ? #FF00FF : is5HR() ? #758A0A : isUW() ? green : isUp() ? lime : isDown() ? red : isN() ? #9FB4B4 : na)
//Condition Offsets
Piv = isUR() or isBOn() or isP() or isUNCRD()
RevUp = (offset(isUCRU(), 1) and close > high[1]) or
(offset(isUCRU(), 2) and close[1] <= high[2] and close[1] > low[1] and low[1] > Minl2 and close > high[2])
RevX = (((offset(isUCRU(), 2) and close[1] > high[2] and close < open and (high < high[1] or close < high[2])) or
(offset(isUCRU(), 3) and close[2] > high[3] and close[1] > high[3] and close[1] > lowest(low,3) and low[2] > low[4] and (open > close and low < open[2] and low < open[3])) or
(offset(isUCRU(), 3) and close[2] <= high[3] and close[1] > high[3] and close[1] > lowest(low,3) and low[2] > low[4])) and (high <= high[1] or (open > close and low < max(open[2], close[2]))))
RevX1 = offset(RevX, 1)
RevX2 = offset(RevX, 2)
RevX3 = ((close[5] > i5 and close[4] < i4 and close[3] > i3) and offset(isUCRU(), 3) and close[2] > high[3] and close[1] < open[1] and (high[1] < high[2] or close[1] < high[3] or low < high[3]))
RevXX = (RevX1 or RevX2 or RevX3) and (close > high[2] and close > high[3])
//Define Warning
Early = abs((close[3] > open[3] and close[2] > open[2] and close[1] > open[1] and close < open) or
(close[3] > open[3] and close[2] > open[2] and close[1] < open[1] and close > open) or
(close[3] > open[3] and close[2] < open[2] and close[1] > open[1] and close > open) or
(close[3] < open[3] and close[2] > open[2] and close[1] > open[1] and close > open) or
(close[3] > open[3] and close[2] > open[2] and close[1] > open[1] and close > open))*(low*.9999525)
EarlyD = abs((close[3] < open[3] and close[2] < open[2] and close[1] < open[1] and close > open) or
(close[3] < open[3] and close[2] < open[2] and close[1] > open[1] and close < open) or
(close[3] < open[3] and close[2] > open[2] and close[1] < open[1] and close < open) or
(close[3] > open[3] and close[2] < open[2] and close[1] < open[1] and close < open) or
(close[3] < open[3] and close[2] < open[2] and close[1] < open[1] and close < open))*(high*1.00009525)
EarlyTd = abs(close > TL(low, 16) and close < l)*(low*.9999525)
EarlyTu = abs(close < TH(high, 16) and close > h)*(high*1.00009525)
//Plot Background
bgcolor(HC ? #1A1A1A : na)
//CharacterText
plotchar(showDet ? Early : na, char='■', location=location.absolute, color=lime, transp = 70)
plotchar(showDet ? EarlyD : na, char='■', location=location.absolute, color=red, transp = 70)
plotchar(showDet ? EarlyTd : na, char='⬥', location=location.absolute, color=red)
plotchar(showDet ? EarlyTu : na, char='⬥', location=location.absolute, color=lime)
plotchar(showPT and close > open ? Piv : na, char='P', location=location.belowbar, color=blue)
plotchar(showPT and close < open ? Piv : na, char='P', location=location.abovebar, color=blue)
plotchar(showRev ? RevUp : na, char='ʘ', location=location.belowbar, color=blue)
plotchar(showRev ? RevX : na, char='X', location=location.abovebar, color=red)
plotchar(showRev ? RevXX : na, char='Z', location=location.belowbar, color=green)