ay2096388

US market analysis

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TVC:IXIC   NASDAQ Composite Index
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//@version=2
//supertrend strategy multitimeframe analysis...

strategy("TTK TOOL", overlay=true, default_qty_value=100)
res = input(title="Main SuperTrend Time Frame", type=resolution, defval="720")
Factor=input(2, minval=1,maxval = 100)
Pd=input(10, minval=1,maxval = 100)

tp = input(500,title="Take Profit")
sl = input(400,title="Stop Loss")


Up=hl2-(Factor*atr( Pd ))
Dn=hl2+(Factor*atr( Pd ))
MUp=security(tickerid,res,hl2-(Factor*atr( Pd )))
MDn=security(tickerid,res,hl2+(Factor*atr( Pd )))

Mclose=security(tickerid,res,close)

TrendUp=close>TrendUp? max(Up,TrendUp) : Up
TrendDown=close<TrendDown? min(Dn,TrendDown) : Dn

MTrendUp=Mclose>MTrendUp? max(MUp,MTrendUp) : MUp
MTrendDown=Mclose<MTrendDown? min(MDn,MTrendDown) : MDn

Trend = close > TrendDown ? 1: close< TrendUp? -1: nz (Trend,1)
Tsl = Trend==1? TrendUp: TrendDown

MTrend = Mclose > MTrendDown ? 1: Mclose< MTrendUp? -1: nz (MTrend,1)
MTsl = MTrend==1? MTrendUp: MTrendDown

linecolor = Trend == 1 ? green: red
plot( Tsl , color = linecolor , style = line , linewidth = 4,title = "SuperTrend")

Mlinecolor = MTrend == 1 ? black : red
plot( MTsl , color = Mlinecolor , style = line , linewidth = 4,title = "Main SuperTrend")

plotshape(cross(close, Tsl ) and close>Tsl , "Up Arrow", shape.triangleup,location.belowbar,black,0,0)
plotshape(cross( Tsl ,close) and close<Tsl , "Down Arrow", shape.triangledown , location.abovebar, black,0,0)
up = Trend == 1 and Trend == -1 and MTrend == 1
down = Trend == -1 and Trend == 1 and MTrend == -1



golong = Trend == 1 and Trend == -1 and MTrend == 1
goshort = Trend == -1 and Trend == 1 and MTrend == -1

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