OPEN-SOURCE SCRIPT
Updated 20MA_Touch_LongCandle
//version=5
indicator("MA20 Touch + Big Bull Candle (Daily)", overlay=true)
// --- Inputs
maLen = input.int(20, "MA Length", minval=1)
avgLen = input.int(20, "Avg Body Lookback", minval=5)
bigMult = input.float(2.0, "Big Candle Multiplier", step=0.1)
touchMode = input.string("Touch (low <= MA)", "MA Touch Mode", options=["Touch (low <= MA)", "Near (abs(close-MA)/MA)"])
nearPct = input.float(0.3, "Near % (if Near mode)", step=0.1) // 0.3% default
// --- MA
ma20 = ta.sma(close, maLen)
plot(ma20, "MA20", linewidth=2)
// --- Candle metrics
body = math.abs(close - open)
avgBody = ta.sma(body, avgLen)
// --- Conditions
isBull = close > open
isBig = body >= avgBody * bigMult
touchCond = switch touchMode
"Touch (low <= MA)" => low <= ma20 and high >= ma20 // '찍었다' 느낌(통과 포함)
=> math.abs(close - ma20) / ma20 * 100 <= nearPct
signal = isBull and isBig and touchCond
// --- Plot
plotshape(signal, title="Signal", style=shape.labelup, text="MA20\nBIG", location=location.belowbar, size=size.tiny)
// --- Alert
alertcondition(signal, title="MA20 Touch + Big Bull", message="MA20 Touch + Big Bull Candle detected on {{ticker}} (Daily)")
indicator("MA20 Touch + Big Bull Candle (Daily)", overlay=true)
// --- Inputs
maLen = input.int(20, "MA Length", minval=1)
avgLen = input.int(20, "Avg Body Lookback", minval=5)
bigMult = input.float(2.0, "Big Candle Multiplier", step=0.1)
touchMode = input.string("Touch (low <= MA)", "MA Touch Mode", options=["Touch (low <= MA)", "Near (abs(close-MA)/MA)"])
nearPct = input.float(0.3, "Near % (if Near mode)", step=0.1) // 0.3% default
// --- MA
ma20 = ta.sma(close, maLen)
plot(ma20, "MA20", linewidth=2)
// --- Candle metrics
body = math.abs(close - open)
avgBody = ta.sma(body, avgLen)
// --- Conditions
isBull = close > open
isBig = body >= avgBody * bigMult
touchCond = switch touchMode
"Touch (low <= MA)" => low <= ma20 and high >= ma20 // '찍었다' 느낌(통과 포함)
=> math.abs(close - ma20) / ma20 * 100 <= nearPct
signal = isBull and isBig and touchCond
// --- Plot
plotshape(signal, title="Signal", style=shape.labelup, text="MA20\nBIG", location=location.belowbar, size=size.tiny)
// --- Alert
alertcondition(signal, title="MA20 Touch + Big Bull", message="MA20 Touch + Big Bull Candle detected on {{ticker}} (Daily)")
Release Notes
Searching for the 20MA long CandleOpen-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.