Danish Algo - BTC V- 1.2.1

5 hari lalu

//version=6
strategy('Danish Algo - BTC V- 1.2.1 ', overlay = true)

// Input periods for top and bottom signals
bottom_period = input(14, title = 'Bottom Period')
top_period = input(14, title = 'Top Period')

// Default target points at 500, but adjustable
target_points = input(500, title = 'Target Points (Default 500)')
stop_loss_points = input(0, title = 'Additional SL Points (0 for 2-candle SL only)') // Additional points for SL adjustment

// Calculate bottom and top conditions
bottom_condition = low < ta.lowest(low[1], bottom_period) and low <= ta.lowest(low[bottom_period], bottom_period)
top_condition = high > ta.highest(high[1], top_period) and high >= ta.highest(high[top_period], top_period)

// Signal times since last condition met
bottom_signal = ta.barssince(bottom_condition)
top_signal = ta.barssince(top_condition)

// BUY-SELL Conditions
Buy = ta.crossover(bottom_signal, top_signal)
Sell = ta.crossunder(bottom_signal, top_signal)

// Define stop loss and target levels based on 2 candles back high/low
buy_sl = Buy ? low[2] - stop_loss_points : na // Buy पर 2 candles पीछे का low SL के साथ custom adjustment
buy_target = Buy ? close + target_points : na // Fixed 500 points TP for Buy (adjustable)
sell_sl = Sell ? high[2] + stop_loss_points : na // Sell पर 2 candles पीछे का high SL के साथ custom adjustment
sell_target = Sell ? close - target_points : na // Fixed 500 points TP for Sell (adjustable)

// Signal cancellation logic
if Buy and strategy.position_size < 0 // Close Sell if Buy signal appears
strategy.close('Sell')
if Sell and strategy.position_size > 0 // Close Buy if Sell signal appears
strategy.close('Buy')

// Strategy Entry and Exit for Buy
if Buy
strategy.entry('Buy', strategy.long)
strategy.exit('Sell Target/SL', 'Buy', stop = buy_sl, limit = buy_target)

// Strategy Entry and Exit for Sell
if Sell
strategy.entry('Sell', strategy.short)
strategy.exit('Buy Target/SL', 'Sell', stop = sell_sl, limit = sell_target)

// Plot Buy/Sell Signals on chart
plotshape(Buy, title = 'BUY', location = location.belowbar, color = color.new(color.green, 0), style = shape.labelup, text = 'BUY', textcolor = color.new(color.black, 0))
plotshape(Sell, title = 'SELL', location = location.abovebar, color = color.new(color.red, 0), style = shape.labeldown, text = 'SELL', textcolor = color.new(color.black, 0))

// Background Color for Buy and Sell Zones
bgcolor(Buy ? color.new(color.blue, 85) : Sell ? color.new(color.red, 85) : na)

// Alert Conditions for Buy and Sell
alertcondition(Buy, title = 'Buy Signal', message = 'Buy signal detected')
alertcondition(Sell, title = 'Sell Signal', message = 'Sell signal detected')