tmc

Binary Option Arrows (example) [TheMightyChicken]

An example of binary option arrows for candlestick patterns bearish and bullish harami. With results as colored background and an option to choose your expiration (one candle by default). It's just an example for those who has their own strategy and wants to make nice arrows in their chart. All you need to do is rewrite piece of script in lines 9:13 - feel free to ask me for any help, but I believe it's all clear.

Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.

I wish happy and successful trading! ;)
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// Made by TheMightyChicken
// An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE)
// Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32)
// Expiration set to 1 candle by default.
study(shorttitle="BOA", title="Binary Options Arrows (example) [TheMightyChicken]", overlay=true)
// Inputs
E = input(1, minval=1, title="Expiry")
// Calculations
Bearish_harami = (close[1] > open[1] and open > close and open <= close[1] and open[1] <= close and open - close < close[1] - open[1] and open[5] < open)
Bullish_harami = (open[1] > close[1] and close > open and close <= open[1] and close[1] <= open and close - open < open[1] - close[1] and open[5] > open)
// Setups
CALL = Bullish_harami == 1
PUT = Bearish_harami == 1
ARROW = CALL - PUT
plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10)
// Results
WIN = (CALL[E]==1 and close[E]<close) or (PUT[E]==1 and close[E]>close)
LOSE = (CALL[E]==1 and close[E]>=close) or (PUT[E]==1 and close[E]<=close)
bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)

Komen

// Made by TheMightyChicken
// An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE)
// Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32)
// Expiration set to 1 candle by default.
study(shorttitle="BOA", title="Binary Options Arrows (example) ", overlay=true)
// Inputs
E = input(1, minval=1, title="Expiry")
// Calculations
Bearish_harami = (close > open and open > close and open <= close and open <= close and open - close < close - open and open < open)
Bullish_harami = (open > close and close > open and close <= open and close <= open and close - open < open - close and open > open)
// Setups
CALL = Bullish_harami == 1
PUT = Bearish_harami == 1
ARROW = CALL - PUT
plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10)
// Results
WIN = (CALL==1 and close<close) or (PUT==1 and close>close)
LOSE = (CALL==1 and close>=close) or (PUT==1 and close<=close)
bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
+14 Balas
Hi what this suppose to mean? "colored background of expiry candle. (green = WIN, red = LOSE)" I don't understand those colored background lines... help!
+10 Balas
bladeheart xanderusa
@xanderusa, long or short
Balas
xanderusa bladeheart
+1 Balas
This is great. I'm trying to learn Pine Script but will take a while. I was wondering if this could be applied to Lazy Bear's Wave Trend Oscillator?
+9 Balas
is it possible to make alerts for indicator?
+8 Balas
doommach doommach
@doommach,

with strategy tester
865 trades
60.69%
+13 Balas
Hey TMC. Great tool, could you elaborate more on how I could configure this for a 5 min or 10 min trade. Thnx.
+3 Balas
I want one for bollinger band exits on condition and another notification if the next candle opens outside of the channel with arrows. Unfortunately I know nothing about coding...
+3 Balas
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