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//@version=4 study("EasyLevels", shorttitle="ESL", overlay=true) length = input(title="ATR Period", type=input.integer, defval=22) mult = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0) showLabels = input(title="Show Buy/Sell Labels?", type=input.bool, defval=true) useClose = input(title="Use Close Price for Extremums?", type=input.bool, defval=true) highlightState = input(title="Highlight State?", type=input.bool, defval=true) atr = mult * atr(length) longStop = (useClose ? highest(close, length) : highest(length)) - atr longStopPrev = nz(longStop[1], longStop) longStop := close[1] > longStopPrev ? max(longStop, longStopPrev) : longStop shortStop = (useClose ? lowest(close, length) : lowest(length)) + atr shortStopPrev = nz(shortStop[1], shortStop) shortStop := close[1] < shortStopPrev ? min(shortStop, shortStopPrev) : shortStop var int dir = 1 dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir var color longColor = color.new(color.green, 0) var color shortColor = color.new(color.red, 0) longStopPlot = plot(dir == 1 ? longStop : na, title="Long Stop", style=plot.style_linebr, linewidth=2, color=longColor) buySignal = dir == 1 and dir[1] == -1 plotshape(buySignal ? longStop : na, title="Long Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=longColor) plotshape(buySignal and showLabels ? longStop : na, title="Buy Label", text="Buy", location=location.absolute, style=shape.labelup, size=size.large, color=longColor) shortStopPlot = plot(dir == 1 ? na : shortStop, title="Short Stop", style=plot.style_linebr, linewidth=2, color=shortColor) sellSignal = dir == -1 and dir[1] == 1 plotshape(sellSignal ? shortStop : na, title="Short Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=shortColor) plotshape(sellSignal and showLabels ? shortStop : na, title="Sell Label", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=shortColor, textcolor=color.new(color.white, 0)) midPricePlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0, display=display.none, editable=false) longFillColor = highlightState ? (dir == 1 ? longColor : na) : na shortFillColor = highlightState ? (dir == -1 ? shortColor : na) : na fill(midPricePlot, longStopPlot, title="Long State Filling", color=longFillColor) fill(midPricePlot, shortStopPlot, title="Short State Filling", color=shortFillColor) changeCond = dir != dir[1] alertcondition(changeCond, title="Alert: ESL Direction Change", message="Easy Levels has changed direction!") alertcondition(buySignal, title="Alert: ESL Buy", message="Easy Levels Buy!") alertcondition(sellSignal, title="Alert: ESL Sell", message="Easy Levels Exit Sell!") //@version=5 indicator("EasyLevels", shorttitle="ESL", overlay=true) length = input.int(title="ATR Period", defval=22) mult = input.float(title="ATR Multiplier", defval=3.0, step=0.1) showLabels = input.bool(title="Show Buy/Sell Labels?", defval=true) useClose = input.bool(title="Use Close Price for Extremums?", defval=true) highlightState = input.bool(title="Highlight State?", defval=true) atr = mult * ta.atr(length) longStop = (useClose ? ta.highest(close, length) : ta.highest(length)) - atr longStopPrev = ta.na(longStop[1]) ? longStop : longStopPrev[1] longStop := close[1] > longStopPrev ? max(longStop, longStopPrev) : longStop shortStop = (useClose ? ta.lowest(close, length) : ta.lowest(length)) + atr shortStopPrev = ta.na(shortStop[1]) ? shortStop : shortStopPrev[1] shortStop := close[1] < shortStopPrev ? min(shortStop, shortStopPrev) : shortStop var int dir = 1 dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir var color longColor = color.new(color.green, 0) var color shortColor = color.new(color.red, 0) longStopPlot = plot(dir == 1 ? longStop : na, title="Long Stop", style=plot.style_linebr, linewidth=2, color=longColor) buySignal = dir == 1 and dir[1] == -1 plotshape(buySignal ? longStop : na, title="Long Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=longColor) plotshape(buySignal and showLabels ? longStop : na, title="Buy Label", text="Buy", location=location.absolute, style=shape.labelup, size=size.large, color=longColor) shortStopPlot = plot(dir == 1 ? na : shortStop, title="Short Stop", style=plot.style_linebr, linewidth=2, color=shortColor) sellSignal = dir == -1 and dir[1] == 1 plotshape(sellSignal ? shortStop : na, title="Short Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=shortColor) plotshape(sellSignal and showLabels ? shortStop : na, title="Sell Label", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=shortColor, textcolor=color.new(color.white, 0)) midPricePlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0, display=display.none, editable=false) longFillColor = highlightState ? (dir == 1 ? longColor : na) : na shortFillColor = highlightState ? (dir == -1 ? shortColor : na) : na fill(midPricePlot, longStopPlot, title="Long State Filling", color=longFillColor) fill(midPricePlot, shortStopPlot, title="Short State Filling", color=shortFillColor) changeCond = dir != dir[1] alertcondition(changeCond, title="Alert: ESL Direction Change", message="Easy Levels has changed direction!") alertcondition(buySignal, title="Alert: ESL Buy", message="Easy Levels Buy!") alertcondition(sellSignal, title="Alert: ESL Sell", message="Easy Levels Exit Sell!")