Translation of “Trendline Breakouts With Targets” from TV

• 11/23/2024 at 3:48 PM #240695
  roccafragius

  Hello Ivan

  I see in Trading View and indicator that I think it is very useful on the low time frame, it indicates you the trendline and the brekout. I would like use this strategy with also your Indicator on Support / Demand. So whne the price arrive on a Support ( for example) timeframe 15m, and I see a brekout of tredinline 1 minute the bias is very High!

  I post here the TV code of “Trendline Breakouts With Targets”, please could you translate it in PRT?

  Thank you in advance! 🙂

  Franco

   

  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

  // © ChartPrime

  //@version=5

  indicator(“Trendline Breakouts With Targets [ Chartprime ]”,shorttitle = “TBT [ Chartprime ]”,overlay = true,max_bars_back = 500,max_lines_count = 500)

  bool ChartTime              = time > chart.left_visible_bar_time and time < chart.right_visible_bar_time

  string CORE                 =  “➞ Core Settings 🔸”

  var bool TradeisON          = false

  var bool LongTrade          = false

  var bool ShortTrade         = false

  var float TP                = 0.0

  var float SL                = 0.0

  int BarTIME                 = time – time[1]

  var line tpLine             = na

  var label LAB               = na

  var int UpdatedX            = 0

  var float UpdatedY          = 0.0

  var float UpdatedSLP        = 0.0

  var int UpdatedXLow         = 0

  var float UpdatedYLow       = 0.0

  var float UpdatedSLPLow     = 0.0

  int Period          = input.int(10, title=’     Period     ➞’,

       group = CORE,

       inline = “001”)

  bool Trendtype      = input.string(title = “     Type        ➞”,

        defval=’Wicks’,

        options=[‘Wicks’, ‘Body’],

        group = CORE,

        inline = “001”)

         == ‘Wicks’

  stringExtensions   =input.string(title=’     Extend    ➞’,

       defval=’  25′,

       options=[‘  25’, ‘  50’, ‘  75’],

       group = CORE,

       inline = “001”)

  color LineCol1 = input.color(color.rgb(109, 111, 111, 19),””,group = CORE,inline = “001”)

  bool ShowTargets = input.bool(true,”Show Targets”,group = CORE,inline = “002”)

  ExtenSwitcher(ex) =>

      switchex

          ‘  25’ => 1 ,

          ‘  50’ => 2 ,

          => 3

  WidthSwitcher(ex) =>

      switchex

          ‘1’ => 1 ,

          ‘2’ => 2 ,

          =>3

  StyleSwitcher(style) =>

      switchstyle

          ‘Dashed’ => line.style_dashed ,

          ‘Dotted’ => line.style_dotted ,

          =>line.style_solid

  method volAdj(int len)=>

      math.min(ta.atr(len) * 0.3, close * (0.3/100)) [20] /2

  Zband = volAdj(30)

  method Trendlines(float src, int timeIndex,bool dir) =>

      var int Start = 1 , var int End = 0 , var int TIME = 1

      var float YEnd = 0, var float YStart = 0 , var float Slope = 0

      var line Line1 = line.new(na,na,na,na)

      var line Line2 = line.new(na,na,na,na)

      var line Line3 = line.new(na,na,na,na)

      SCR = fixnan(src)

      if ta.change(SCR) != 0

          TIME := time[timeIndex]

          YStart := SCR[1]

          Start := TIME[1]

          Slope := (SCR – YStart) / (TIME – Start)

          Slope

      EXTime = ExtenSwitcher(Extensions) * BarTIME * 25

      End := TIME + EXTime

      YEnd := SCR + EXTime * Slope

      if ta.change(SCR) != 0 and not TradeisON[1]

          LineCond = Slope * time < 0 ? dir ? na : color.rgb(11, 139, 7, 53) : dir ?  color.rgb(212, 46, 0, 54) : na

          if not na(LineCond) //and ChartTime

              Line1 := line.new(Start,

                   YStart,

                   End,

                   YEnd,

                   xloc.bar_time,

                   extend.none,

                   color=color.new(color.white,100)

                   )

              Line2:=line.new(Start,

                   YStart – (Zband * 2),

                   End,

                   YEnd – (Zband * 2),

                   xloc.bar_time,

                   extend.none,

                   color=color.new(color.black,100)

                   )

              Line3:=line.new(Start,

                   YStart – (Zband * 1),

                   End,

                   YEnd – (Zband * 1),

                   xloc.bar_time,

                   extend.none,

                   color=color.new(color.black,100)

                   )

              linefill.new(Line3,Line2,color= LineCol1)

              linefill.new(Line3,Line1,color= LineCond)

              // linefill.new(Line,Line2,color= color.rgb(28, 15, 2, 76))

      [Start, YStart, Slope]

  PH = ta.pivothigh(Trendtype ? high : close > open ? close : open, Period, Period / 2)

  PL = ta.pivotlow(Trendtype ? low : close > open ? open : close, Period, Period / 2)

  method GetlinePrice(int TIME, float Price, float SLOP, int LookB) =>

      var float Current = 0.0

      EsTime = time – TIME

      Current := Price + (EsTime – LookB * BarTIME) * SLOP

      Current

  method CheckCross(float Price, int StartTime, float StartPrice, float SLP) =>

      var float Current = 0.0

      var float Previous = 0.0

      if StartPrice[Period] != StartPrice

          Current := GetlinePrice(StartTime, StartPrice, SLP, 0)

          Previous := GetlinePrice(StartTime, StartPrice, SLP, 1)

          Crossover =  Price[1] < Previous and Price > Current ? 1 : Price[1] > Previous – (Zband*0.1) and Price < Current – (Zband*0.1) ? -1 : 0

          Crossover

  [Xx, XZ, SLPXZ] = Trendlines(PH, Period / 2,false)

  [XxL, XZL, SLPXZL] = Trendlines(PL, Period / 2, true)

  if ta.change(fixnan(PH)) != 0

      UpdatedX := Xx

      UpdatedY := XZ

      UpdatedSLP := SLPXZ

      UpdatedSLP

  if ta.change(fixnan(PL)) != 0

      UpdatedXLow := XxL

      UpdatedYLow := XZL

      UpdatedSLPLow := SLPXZL

      UpdatedSLPLow

  Long = not (UpdatedSLP * time > 0)

       and CheckCross(close, UpdatedX, UpdatedY, UpdatedSLP)== 1

       and not TradeisON

  Short = not (UpdatedSLPLow * time < 0)

       and CheckCross(close, UpdatedXLow, UpdatedYLow, UpdatedSLPLow)==-1

       and not TradeisON

  TradeFire = Long or Short

  if Long and not TradeisON

      LongTrade:= true

      ShortTrade:= false

  if Short and not TradeisON

      LongTrade:= false

      ShortTrade:= true

  iftrue

      if TradeFire and not TradeisON

          TP := switch

              Long  => high + (Zband *20)

              Short => low – (Zband *20)

          SL := switch

              Long  => low – (Zband *20)

              Short => high + (Zband *20)

          TradeisON:= true

          if ShowTargets

              line.new(bar_index,

                   Long ? high : low,

                   bar_index,

                   TP,

                   width=2,

                   color = color.rgb(154, 103, 20),

                   style= line.style_dashed)

              tpLine:= line.new(bar_index,

                   TP,

                   bar_index+2,

                   TP,

                   style= line.style_dashed,

                   color = color.rgb(154, 103, 20)

                   )

              LAB:=label.new(bar_index,

                   TP,

                   “Target”,

                   color = color.rgb(154, 103, 20),

                   style= label.style_label_left,

                   size=size.small,

                   textcolor = color.white

                   )

      if TradeisON

          line.set_x2(tpLine,bar_index)

          label.set_x(LAB,bar_index+1)

      if LongTrade and TradeisON

          if high >= TP

              label.set_color(LAB,color.rgb(6, 128, 10, 37))

              TradeisON:=false

          if close <= SL

              label.set_color(LAB,color.new(color.rgb(246, 7, 7),70))

              TradeisON:=false

      else if ShortTrade and TradeisON

          iflow<=TP

              label.set_color(LAB,color.rgb(6, 128, 10, 37))

              TradeisON:=false

          ifclose>=SL

              label.set_color(LAB,color.new(color.rgb(246, 7, 7),70))

              TradeisON:=false

  plotshape(Long and not TradeisON[1],

       size = size.small,

       color = color.rgb(46, 192, 6, 11),

       location = location.belowbar,

       style = shape.labelup ,

       text = “”,

       textcolor = color.white)

  plotshape(Short and not TradeisON[1],

       size = size.small,

       color = color.rgb(241, 2, 2, 11),

       location = location.abovebar,

       style = shape.labeldown ,

       text = “”,

       textcolor = color.white)

  // — END — .

  

  roccafragius

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