OPEN-SOURCE SCRIPT
Gold Swings Peaks & Troughs

//version=5
indicator("Gold Swings Peaks & Troughs CLEAN", overlay=true, max_labels_count=500)
// ===== إعدادات المستخدم =====
len = input.int(2, "Swing Length") // عدد الشموع قبل وبعد لتحديد القمة/القاع
minDistance = input.int(5, "Min Bars Between Signals") // لتقليل الإشارات المتقاربة
buyColor = input.color(color.green, "BUY Color")
sellColor = input.color(color.red, "SELL Color")
// ===== متغير لتخزين آخر إشارة =====
var int lastBuyBar = na
var int lastSellBar = na
// ===== قمة و قاع محلية =====
localLow = low == ta.lowest(low, len*2 + 1)
localHigh = high == ta.highest(high, len*2 + 1)
// ===== رسم Labels فقط عند القمم والقيعان مع منع التكرار القريب =====
if localLow and (na(lastBuyBar) or bar_index - lastBuyBar >= minDistance)
label.new(bar_index, low, "BUY", style=label.style_label_up, color=buyColor, textcolor=color.white)
lastBuyBar := bar_index
if localHigh and (na(lastSellBar) or bar_index - lastSellBar >= minDistance)
label.new(bar_index, high, "SELL", style=label.style_label_down, color=sellColor, textcolor=color.white)
lastSellBar := bar_index
indicator("Gold Swings Peaks & Troughs CLEAN", overlay=true, max_labels_count=500)
// ===== إعدادات المستخدم =====
len = input.int(2, "Swing Length") // عدد الشموع قبل وبعد لتحديد القمة/القاع
minDistance = input.int(5, "Min Bars Between Signals") // لتقليل الإشارات المتقاربة
buyColor = input.color(color.green, "BUY Color")
sellColor = input.color(color.red, "SELL Color")
// ===== متغير لتخزين آخر إشارة =====
var int lastBuyBar = na
var int lastSellBar = na
// ===== قمة و قاع محلية =====
localLow = low == ta.lowest(low, len*2 + 1)
localHigh = high == ta.highest(high, len*2 + 1)
// ===== رسم Labels فقط عند القمم والقيعان مع منع التكرار القريب =====
if localLow and (na(lastBuyBar) or bar_index - lastBuyBar >= minDistance)
label.new(bar_index, low, "BUY", style=label.style_label_up, color=buyColor, textcolor=color.white)
lastBuyBar := bar_index
if localHigh and (na(lastSellBar) or bar_index - lastSellBar >= minDistance)
label.new(bar_index, high, "SELL", style=label.style_label_down, color=sellColor, textcolor=color.white)
lastSellBar := bar_index
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.