Buy Sell Magical Trend

The Buy Sell Magical Trend indicator is a “trailing stop” style indicator made of trend inversion obtained with Bollinger Bands. SignalPeriod is the period of the Bollinger bands and ArrowPeriod the standard deviation applied to it.
The arrows are painted on the breakthrough of the other side band with segments connecting the 2 most recent arrows.

//PRC_BuySell Magic | indicator
//17.04.23
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

// --- settings 
SignalPeriod = 12
ArrowPeriod = 2
// --- end of settings 

bbup = average[signalperiod]+std[signalperiod]*arrowperiod
bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then
if close crosses over bbup then
ts=bbdn
trend=1
elsif close crosses under bbdn then
ts=bbup
trend=-1
endif
endif

if trend=1 then
ts=max(ts,bbdn)
elsif trend=-1 then
ts=min(ts,bbup)
endif

if trend=1 and close crosses under ts then
trend=-1
ts=bbup
r=255
g=0
drawarrowdown(barindex,ts) coloured("red")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

if trend=-1 and close crosses over ts then
trend=1
ts=bbdn
r=0
g=255
drawarrowup(barindex,ts) coloured("lime")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

return ts coloured(r,g,0) style(dottedline,2)

//PRC_BuySell Magic | indicator

//17.04.23

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

// --- settings

SignalPeriod = 12

ArrowPeriod = 2

// --- end of settings

bbup = average[signalperiod]+std[signalperiod]*arrowperiod

bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then

if close crosses over bbup then

ts=bbdn

trend=1

elsif close crosses under bbdn then

ts=bbup

trend=-1

endif

if trend=1 then

ts=max(ts,bbdn)

elsif trend=-1 then

ts=min(ts,bbup)

endif

if trend=1 and close crosses under ts then

trend=-1

ts=bbup

r=255

g=0

drawarrowdown(barindex,ts) coloured("red")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

if trend=-1 and close crosses over ts then

trend=1

ts=bbdn

r=0

g=255

drawarrowup(barindex,ts) coloured("lime")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

return ts coloured(r,g,0) style(dottedline,2)

bollinger bollinger bands trading signals trailingstop trend

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Filename : download the ITF files

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FXtonio • 04/17/2023 #
Bonjour Nicolas, génial cet indicateur, plutôt précis (67% de trades gagnants) merci 🙂
- Nicolas • 04/17/2023 #
  C’est “magical” ! Bonne continuation 🙂
- RICOU • 04/17/2023 #
  Bonjour, quelle est la meilleure UT pour travailler avec cet indicateur?
- FXtonio • 04/17/2023 #
  @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de trade gagnant rr 1.5

superfalcio • 04/17/2023 #
Hello Nicolas, just started having a look on this last indicator : what timeframe this default parameters are working better? and as forex than indeces? thank you 🙂
- Nicolas • 04/17/2023 #
  I don’t know, this is your part 🙂

gioport • 04/17/2023 #
Bonjour Nicolas…..
est-il possible de construire un écran …. merci
- Nicolas • 04/17/2023 #
  Merci d’ouvrir un sujet sur le forum avec une description complète du screener.

RICOU • 04/17/2023 #
Bonjour Nicolas, est il possible d’avoir un codage complet d’un trade automatique avec les paramètres de cet indicateur ?
- Nicolas • 04/17/2023 #
  Oui, merci d’ouvrir un sujet dans le forum ProOrder pour créer une stratégie avec cet indicateur.

Chrisinobi • 04/17/2023 #
Hallo Nicolas eine Tolle Arbeit, wie immer !!!! Eine Frage zu Deinem Indikator, könntest du es so bauen, das man ein Signal auf die Pfeile setzen kann ???? Danke
- Nicolas • 04/17/2023 #
  Ändern Sie die letzte Zeile des Codes mit:
  return ts coloured(r,g,0) style(dottedline,2), trend as “trend direction”
  um den Trend zu erhalten (1=grün, -1=rot)

Chrisinobi • 04/17/2023 #
Danke Nicolas, vielleicht habe ich mich verkehrt ausgedrückt, ich will gerne einen Alarm auf dem Pfeil haben um damit Automatisch einen Trade zu beginnen. Wenn das so möglich wäre ??? Nicht als Algo einfach nur in der Alarmeinstellung, um nicht ständig den Bildschirm zu beobachten müssen. Vielen Dank
- Nicolas • 04/17/2023 #
  das ist richtig, man kann die Warnungen nicht codieren, also muss man das integrierte Tool der Plattform verwenden.

Chrisinobi • 04/17/2023 #
Ich Denke, ich habe es begriffen, in den Alarmeinstellung einfach, kreuzt über Wert 1, als Buy und kreuzt unter Wert -1, als Sell. Nochmals Danke

aldtrading • 04/17/2023 #
Merci pour votre travail.

JC_Bywan • 04/17/2023 #
For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-magic-indicator/#post-214201
For people interested in a strategy: https://www.prorealcode.com/topic/buy-sell-magical-trend/

octum • 04/17/2023 #
Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?)
Puedes corregir porfa? Gracias.

MaoRai54 dear Ivan, it seems to be very interesting but please clarify what are all the lines I see i...

Iván Hi! you have the answer in the last line of code... MacdMiddle as "histo" style(histogra...

kats Le Top , a utiliser avec le nuage violet et alerte TN pour plus de précision.

roccafragius Hello Ivan, very good job! May I ask you to translate teh script from TradingView named Tre...

Iván Hi! yes. You can ask for it here: https://www.prorealcode.com/free-code-conversion/

roccafragius Thank you so much Ivan! I created this request in english Translate from TradingView Indicat...

Jean2139 Bonjour Yvan, Merci pour ton indicateur que je trouve très intéressant. Je suppose que tu ...

Suffi Hier eine kleine Korrektur: //-----Inputs-----------------------------------------// MALengt...

Faisalx Hola Ivan. Thanks for your great job. I would appreciate if you have look at my request http...

roccafragius Thank you for all these useful information!! Very great job Ivan! THank you so much

geroniman Merci Ivan, super travail. On peut toujours compter sur toi pour apporter des innovations su...

Stenozar Ciao mi restituisce errore line 1; forse è perchè utilizzo la versione 11 ? in questo caso d...

Stenozar Ciao IVAN , mi da errore per la riga 49 "print tema low"; puoi suggerirmi la modifica da met...

Iván Avete provato a scaricare il file .itf?

kats BONSOIR c bon merci j ai trouve ce weekend merci de votre reponse cdlt

the_giorgio Hi, nice work I would like to understand something about prorealtime code. With your ...

Iván Hello. When you use the drawcandle() instruction then in the configuration window you add ...

Iván Si lo descargas e importas en tu PRT verás que se han creado las variables para luego config...

WhyAskOZ Hi, Ivan As always you are doing great coding. The code works on my PRT, however the issu...

Iván You can delete in the last line (return) the configuration for color. Delete coloured(xx,xx,...

Lean Me parece muy buen indicador, y se complementa muy bien en mi sistema, ¿podrías crear un scr...

Iván Gracias! Para el screener sólo tienes que copiar el indicador y poner como condición de búsq...

Lean Muchas gracias Iván, ya lo he podido crear.

Doddge Hola Iván, ¿sería posible crear un screener que indique cuándo las velas coloreadas del indi...

RTR Ivan thank you for the pro-screener. I a trying to understand how to write the signals from ...

Iván Hi, Lines 62 and 63. These lines define buy and sell conditions.

Iván Hi You should delete from the indicator code all drawing functions and all variables not us...

Iván I've created a screener to show [longcondition or shortcondition]

Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...

MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.

Madrosat Hello Ivan Did you try a strategy with this indicator

Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.

cjr30 Simplemente modifica las lineas 19 y 21 por las siguientes: drawtext("▲",barindex,low-0.1*a...

groelandes Gracias!!

WhyAskOZ i copied the code into strategy and it gives error on line 21 and 23. it says " Line 1: ...

Madrosat Hello Ivan You have interesting topics on indicators , smart supertrend, optimised trend t...

Iván Hi! thanks. All of these codes are translations requested in the forum. I've on mind to back...

Raspete01 Buenos días Iván, estoy intentando llevar el código eliminando los colores y pasando un Back...

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