TradeLab

🌐Common Indicator for all Markets

 
//@version=5
indicator("OG Algo for all markets", overlay=true)

// strategy("OG Algo Strategy Tester", overlay=true, default_qty_type=strategy.percent_of_equity,default_qty_value=300,  initial_capital=20000)


ema1_length = input.int(9, title="EMA 1 Length", minval=1)
ema2_length = input.int(15, title="EMA 2 Length", minval=1)
ema3_length = input.int(34, title="EMA 3 Length", minval=1)

user_ema1 = ta.ema(close, ema1_length)
user_ema2 = ta.ema(close, ema2_length)
user_ema3 = ta.ema(close, ema3_length)

// Define the EMAs
ema9 = ta.ema(close, 9)
ema15 = ta.ema(close, 15)


trend_length = 10 // Number of bars to check for trend confirmation

// Initialize Bullish & Bearish Pattern Counters
var int bullish_count = 0
var int bearish_count = 0

// Define Bullish & Bearish Candlestick Patterns
bullish_engulfing = close > open and open[1] > close[1] and close > open[1]
morning_star = close[2] < open[2] and close[1] < open[1] and close > open and close > close[2]
bullish_pin_bar = close > open and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)

bearish_engulfing = open > close and close[1] > open[1] and close < open[1]
evening_star = close[2] > open[2] and close[1] > open[1] and close < open and close < close[2]
bearish_pin_bar = open > close and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)

// Count Bullish Patterns Over Last N Bars
bullish_count := 0
for i = 0 to trend_length - 1
    if bullish_engulfing[i] or morning_star[i] or bullish_pin_bar[i]
        bullish_count := bullish_count + 1

// Count Bearish Patterns Over Last N Bars
bearish_count := 0
for i = 0 to trend_length - 1
    if bearish_engulfing[i] or evening_star[i] or bearish_pin_bar[i]
        bearish_count := bearish_count + 1

// Minimum number of bullish/bearish patterns needed to confirm a trend
min_bullish_count = 3
min_bearish_count = 3

// Define Uptrend & Downtrend (Replacing Slope-Based Trend Condition)
uptrend = ema9 > ema15 and bullish_count >= min_bullish_count
downtrend = ema9 < ema15 and bearish_count >= min_bearish_count


// Define Bullish and Bearish Candles
bullish_candle = close > open  
bearish_candle = close < open  

// Higher High & Higher Low (Uptrend)
higher_high = high > high[1] and high[1] > high[2]   
higher_low = low > low[1] and low[1] > low[2]        

// Lower High & Lower Low (Downtrend)
lower_high = high < high[1] and high[1] < high[2]    
lower_low = low < low[1] and low[1] < low[2]         

// Buy signal when market forms HH & HL + bullish trend + bullish candle (Only in Uptrend)
buy_signal_from_hh_hl = uptrend and higher_high and higher_low and bullish_candle

// Sell signal when market forms LH & LL + bearish trend + bearish candle (Only in Downtrend)
sell_signal_from_lh_ll = downtrend and lower_high and lower_low and bearish_candle

// ATR Calculation
atr_length = 20
atr = ta.atr(atr_length)

// SL & TP Multipliers
sl_multiplier = 1.3  // Stop-Loss Multiplier
rr_ratio = 1.6  // Risk-Reward Ratio

// Calculate Stop-Loss & Take-Profit levels dynamically
sl_buy = close - (atr * sl_multiplier)
tp_buy = close + (rr_ratio * (close - sl_buy))

sl_sell = close + (atr * sl_multiplier)
tp_sell = close - (rr_ratio * (sl_sell - close))

// Candlestick Pattern Functions
// morning_star = close[2] < open[2] and close[1] < open[1] and close > open and close > close[2]
pin_bar_bullish = close > open and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)
// bullish_engulfing = close > open and open[1] > close[1] and open < close[1] and close > open[1]
inverted_hammer = close > open and (high - low) > 3 * (open - close) and (high - close) < 0.1 * (high - low)

// evening_star = close[2] > open[2] and close[1] > open[1] and close < open and close < close[2]
pin_bar_bearish = open > close and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)
// bearish_engulfing = open > close and close[1] > open[1] and close < open[1] and open > close[1]
hanging_man = open > close and (high - low) > 3 * (open - close) and (open - low) < 0.1 * (high - low)

// Pattern-based Bullish & Bearish Signals
bullish_signal = uptrend and (pin_bar_bullish or bullish_engulfing or inverted_hammer)
bearish_signal = downtrend and (pin_bar_bearish or bearish_engulfing or hanging_man)

// Final Buy & Sell Signal Conditions (Only Trade in Strong Trends)
raw_buy_signal = buy_signal_from_hh_hl or bullish_signal
raw_sell_signal = sell_signal_from_lh_ll or bearish_signal

// Tracking Previous Signal Type
var int prev_signal = 0  // 1 for buy, -1 for sell, 0 for none

// Buy/Sell Counters
var int buy_count = 0
var int sell_count = 0

buy_signal = false
sell_signal = false

if raw_buy_signal
    if prev_signal != 1  // Reset when switching from sell to buy
        buy_count := 0
    buy_count := buy_count + 1
    buy_signal := (buy_count % 10 == 1 or buy_count % 10 == 5)  // Show only 1st and 5th signal in each set of 10
    prev_signal := 1  // Track the last signal type

if raw_sell_signal
    if prev_signal != -1  // Reset when switching from buy to sell
        sell_count := 0
    sell_count := sell_count + 1
    sell_signal := (sell_count % 10 == 1 or sell_count % 10 == 5)  // Show only 1st and 5th signal in each set of 10
    prev_signal := -1  // Track the last signal type

// // Strategy Entries and Exits
// if raw_buy_signal
//     strategy.entry("Buy", strategy.long)
//     strategy.exit("TP/SL Buy", from_entry="Buy", stop=sl_buy, limit=tp_buy)

// if raw_sell_signal
//     strategy.entry("Sell", strategy.short)
//     strategy.exit("TP/SL Sell", from_entry="Sell", stop=sl_sell, limit=tp_sell)


// Plot User-defined EMAs (For visualization only)
plot(user_ema1, color=color.blue, linewidth=2, title="EMA 1")
plot(user_ema2, color=color.purple, linewidth=2, title="EMA 2")
plot(user_ema3, color=color.gray, linewidth=2, title="User EMA 3")

// Plot Buy/Sell Signals
plotshape(series=buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", text="BUY")
plotshape(series=sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", text="SELL")

// Draw SL & TP as Small Horizontal Lines
if buy_signal
    line.new(x1=bar_index, y1=sl_buy, x2=bar_index + 5, y2=sl_buy, width=2, color=color.red, style=line.style_dotted)
    line.new(x1=bar_index, y1=tp_buy, x2=bar_index + 5, y2=tp_buy, width=2, color=color.green, style=line.style_dotted)

if sell_signal
    line.new(x1=bar_index, y1=sl_sell, x2=bar_index + 5, y2=sl_sell, width=2, color=color.red, style=line.style_dotted)
    line.new(x1=bar_index, y1=tp_sell, x2=bar_index + 5, y2=tp_sell, width=2, color=color.green, style=line.style_dotted)

// Alerts for Buy/Sell Signals
alertcondition(buy_signal, title="Buy Signal Alert", message="BUY: Higher High & Higher Low formed + EMA Uptrend Confirmation")
alertcondition(sell_signal, title="Sell Signal Alert", message="SELL: Lower High & Lower Low formed + EMA Downtrend Confirmation")

🚀 Advanced Indicator for Major & Volatile Pairs

//@version=5
indicator("Enhanced Buy/Sell limited signals with SL & TP", overlay=true)

ema1_length = input.int(9, title="EMA 1 Length", minval=1)
ema2_length = input.int(15, title="EMA 2 Length", minval=1)
ema3_length = input.int(34, title="EMA 3 Length", minval=1)

user_ema1 = ta.ema(close, ema1_length)
user_ema2 = ta.ema(close, ema2_length)
user_ema3 = ta.ema(close, ema3_length)

// Define the EMAs
ema9 = ta.ema(close, 9)
ema15 = ta.ema(close, 15)

// Calculate the slope of the EMAs (approximate trend angle)
slope_ema9 = math.atan((ema9 - ema9[1]) / 1) * (180 / math.pi)  
slope_ema15 = math.atan((ema15 - ema15[1]) / 1) * (180 / math.pi)  

// Define the minimum slope for trend confirmation (30 degrees)
min_slope = 30

// Trend Conditions Based on EMA Slopes
uptrend = ema9 > ema15 and slope_ema9 > min_slope and slope_ema15 > min_slope
downtrend = ema9 < ema15 and slope_ema9 < -min_slope and slope_ema15 < -min_slope

// Define Bullish and Bearish Candles
bullish_candle = close > open  
bearish_candle = close < open  

// Higher High & Higher Low (Uptrend)
higher_high = high > high[1] and high[1] > high[2]   
higher_low = low > low[1] and low[1] > low[2]        

// Lower High & Lower Low (Downtrend)
lower_high = high < high[1] and high[1] < high[2]    
lower_low = low < low[1] and low[1] < low[2]         

// Buy signal when market forms HH & HL + bullish trend + bullish candle (Only in Uptrend)
buy_signal_from_hh_hl = uptrend and higher_high and higher_low and bullish_candle

// Sell signal when market forms LH & LL + bearish trend + bearish candle (Only in Downtrend)
sell_signal_from_lh_ll = downtrend and lower_high and lower_low and bearish_candle

// ATR Calculation
atr_length = 20
atr = ta.atr(atr_length)

// SL & TP Multipliers
sl_multiplier = 1.3  // Stop-Loss Multiplier
rr_ratio = 1.6  // Risk-Reward Ratio

// Calculate Stop-Loss & Take-Profit levels dynamically
sl_buy = close - (atr * sl_multiplier)
tp_buy = close + (rr_ratio * (close - sl_buy))

sl_sell = close + (atr * sl_multiplier)
tp_sell = close - (rr_ratio * (sl_sell - close))

// Candlestick Pattern Functions
morning_star = close[2] < open[2] and close[1] < open[1] and close > open and close > close[2]
pin_bar_bullish = close > open and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)
bullish_engulfing = close > open and open[1] > close[1] and open < close[1] and close > open[1]
inverted_hammer = close > open and (high - low) > 3 * (open - close) and (high - close) < 0.1 * (high - low)

evening_star = close[2] > open[2] and close[1] > open[1] and close < open and close < close[2]
pin_bar_bearish = open > close and (high - math.max(open, close)) > 2 * (open - close) and (math.min(open, close) - low) > 2 * (open - close)
bearish_engulfing = open > close and close[1] > open[1] and close < open[1] and open > close[1]
hanging_man = open > close and (high - low) > 3 * (open - close) and (open - low) < 0.1 * (high - low)

// Pattern-based Bullish & Bearish Signals
bullish_signal = uptrend and (morning_star or pin_bar_bullish or bullish_engulfing or inverted_hammer)
bearish_signal = downtrend and (evening_star or pin_bar_bearish or bearish_engulfing or hanging_man)

// Final Buy & Sell Signal Conditions (Only Trade in Strong Trends)
raw_buy_signal = buy_signal_from_hh_hl or bullish_signal
raw_sell_signal = sell_signal_from_lh_ll or bearish_signal

// Tracking Previous Signal Type
var int prev_signal = 0  // 1 for buy, -1 for sell, 0 for none

// Buy/Sell Counters
var int buy_count = 0
var int sell_count = 0

buy_signal = false
sell_signal = false

if raw_buy_signal
    if prev_signal != 1  // Reset when switching from sell to buy
        buy_count := 0
    buy_count := buy_count + 1
    buy_signal := (buy_count % 10 == 1 or buy_count % 10 == 5)  // Show only 1st and 5th signal in each set of 10
    prev_signal := 1  // Track the last signal type

if raw_sell_signal
    if prev_signal != -1  // Reset when switching from buy to sell
        sell_count := 0
    sell_count := sell_count + 1
    sell_signal := (sell_count % 10 == 1 or sell_count % 10 == 5)  // Show only 1st and 5th signal in each set of 10
    prev_signal := -1  // Track the last signal type

// // Execute Trades
// if buy_signal
//     strategy.entry("Long", strategy.long, comment="BUY Signal", limit=close)
//     strategy.exit("TP/SL Long", from_entry="Long", limit=tp_buy, stop=sl_buy)

// if sell_signal
//     strategy.entry("Short", strategy.short, comment="SELL Signal", limit=close)
//     strategy.exit("TP/SL Short", from_entry="Short", limit=tp_sell, stop=sl_sell)

// Plot User-defined EMAs (For visualization only)
plot(user_ema1, color=color.blue, linewidth=2, title="EMA 1")
plot(user_ema2, color=color.purple, linewidth=2, title="EMA 2")
plot(user_ema3, color=color.gray, linewidth=2, title="User EMA 3")

// Plot Buy/Sell Signals
plotshape(series=buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", text="BUY")
plotshape(series=sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", text="SELL")

// Draw SL & TP as Small Horizontal Lines
if buy_signal
    line.new(x1=bar_index, y1=sl_buy, x2=bar_index + 5, y2=sl_buy, width=2, color=color.red, style=line.style_dotted)
    line.new(x1=bar_index, y1=tp_buy, x2=bar_index + 5, y2=tp_buy, width=2, color=color.green, style=line.style_dotted)

if sell_signal
    line.new(x1=bar_index, y1=sl_sell, x2=bar_index + 5, y2=sl_sell, width=2, color=color.red, style=line.style_dotted)
    line.new(x1=bar_index, y1=tp_sell, x2=bar_index + 5, y2=tp_sell, width=2, color=color.green, style=line.style_dotted)

// Alerts for Buy/Sell Signals
alertcondition(buy_signal, title="Buy Signal Alert", message="BUY: Higher High & Higher Low formed + EMA Uptrend Confirmation")
alertcondition(sell_signal, title="Sell Signal Alert", message="SELL: Lower High & Lower Low formed + EMA Downtrend Confirmation")

🔒 Use My Private Indicator

🌐Common Indicator for all Markets

🚀 Advanced Indicator for Major & Volatile Pairs

📸 Indicator Results (Real Market Examples)

🚀 Crypto Market Results

💱 Forex Market Results

🇮🇳 Indian Market Results