// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.
0
at [Link]
// Join us [Link]
//@version=5
indicator("RSI and Elder Impulse System with PDH, PDL and Exit Feature",
max_lines_count=500, max_boxes_count=500, max_bars_back=3000, overlay=true)
// RSI Settings for user
rsiSource = [Link](title='RSI Source', defval=close)
rsiLength = [Link](title='RSI Length', defval=7)
rsiOverbought = [Link](title='RSI Overbought', defval=70, minval=50, maxval=100)
rsiOversold = [Link](title='RSI Oversold', defval=30, minval=1, maxval=50)
upcol = [Link](defval=[Link]([Link], 100), title='Zig Zag 1 Up Color')
dncol = [Link](defval=[Link]([Link], 100), title='Zig Zag 1 Down
Color')
// RSI value based on inbuilt RSI
rsiValue = [Link](rsiSource, rsiLength)
// Get the current state
isOverbought = rsiValue >= rsiOverbought
isOversold = rsiValue <= rsiOversold
// State of the last extreme 0 for initialization, 1 = overbought, 2 = oversold
var laststate = 0
// Highest and Lowest prices since the last state change
var hhh = low
var lll = high
// Labels
var label labelll = na
var label labelhh = na
// Swing lines
var line line_up = na
var line line_down = na
// We go from overbought straight to oversold NEW DRAWINGS CREATED HERE
if bool(laststate == 1 and isOversold)
lll := low
labelll := [Link](bar_index, high, style=label.style_label_up,
color=#32CD32, size=[Link])
label.set_text(labelll, "100% Accurate BUY")
labelhh_low = label.get_x(labelhh)
labelhh_pos = label.get_y(labelhh)
line_down := [Link](bar_index, high, labelhh_low, labelhh_pos, width=2,
color=dncol)
// We go from oversold straight to overbought NEW DRAWINGS CREATED HERE
if bool(laststate == 2 and isOverbought)
hhh := high
labelhh := [Link](bar_index, high, style=label.style_label_down,
color=[Link](#ff0062, 20), size=[Link])
label.set_text(labelhh, "100% Accurate SELL")
labelll_low = label.get_x(labelll)
labelll_pos = label.get_y(labelll)
line_up := [Link](bar_index, high, labelll_low, labelll_pos, width=2,
color=upcol)
// If we are overbought
if bool(isOverbought)
if high >= hhh
hhh := high
label.set_x(labelhh, bar_index)
label.set_y(labelhh, high)
line.set_x1(line_up, bar_index)
line.set_y1(line_up, high)
laststate := 1
// If we are oversold
if bool(isOversold)
if low <= lll
lll := low
label.set_x(labelll, bar_index)
label.set_y(labelll, low)
line.set_x1(line_down, bar_index)
line.set_y1(line_down, low)
laststate := 2
// If last state was overbought and we are overbought
if bool(laststate == 1 and isOverbought)
if hhh <= high
hhh := high
label.set_x(labelhh, bar_index)
label.set_y(labelhh, high)
line.set_x1(line_up, bar_index)
line.set_y1(line_up, high)
// If we are oversold and the last state was oversold, move the drawings to the
lowest price
if bool(laststate == 2 and isOversold)
if low <= lll
lll := low
label.set_x(labelll, bar_index)
label.set_y(labelll, low)
line.set_x1(line_down, bar_index)
line.set_y1(line_down, low)
// If last state was overbought
if bool(laststate == 1)
if hhh <= high
hhh := high
label.set_x(labelhh, bar_index)
label.set_y(labelhh, high)
line.set_x1(line_up, bar_index)
line.set_y1(line_up, high)
// If last state was oversold
if bool(laststate == 2)
if lll >= low
lll := low
label.set_x(labelll, bar_index)
label.set_y(labelll, low)
line.set_x1(line_down, bar_index)
line.set_y1(line_down, low)
// Elder Impulse System
source = close
// MACD Options
macd_length_fast = [Link](defval=12, minval=1, title="MACD Fast Length")
macd_length_slow = [Link](defval=26, minval=1, title="MACD Slow Length")
macd_length_signal = [Link](defval=9, minval=1, title="MACD Signal Length")
// Calculate MACD
macd_ma_fast = [Link](source, macd_length_fast)
macd_ma_slow = [Link](source, macd_length_slow)
macd = macd_ma_fast - macd_ma_slow
macd_signal = [Link](macd, macd_length_signal)
macd_histogram = macd - macd_signal
// EMA Option
ema_length = [Link](defval=13, minval=1, title="EMA Length")
// Calculate EMA
ema = [Link](source, ema_length)
// Calculate Elder Impulse
elder_bulls = (ema[0] > ema[1]) and (macd_histogram[0] > macd_histogram[1])
elder_bears = (ema[0] < ema[1]) and (macd_histogram[0] < macd_histogram[1])
elder_color = elder_bulls ? [Link] : elder_bears ? [Link] : [Link]
barcolor(elder_color)
// Calculate Previous Day High (PDH) and Previous Day Low (PDL)
var float pdh = na
var float pdl = na
is_new_day = [Link](time("D"))
if bool(is_new_day)
pdh := high[1]
pdl := low[1]
plot(pdh, title="Previous Day High", color=[Link], linewidth=1)
plot(pdl, title="Previous Day Low", color=[Link], linewidth=1)
// Exit feature
exit_condition = bool((isOverbought and elder_bears) or (isOversold and
elder_bulls))
// Plot the "X" symbol for exit condition
plotshape(series=exit_condition, location=[Link], color=[Link],
style=[Link], text="X", size=[Link])
//
===================================================================================
=======
// === Dashboard with Telegram Link ===
var table myTable = [Link](position.top_center, 1, 1, border_width=1,
frame_color=[Link], bgcolor=[Link])
// Add Telegram Message to Dashboard
[Link](myTable, 0, 0, "Join Telegram @traderschatroom88", bgcolor=[Link],
text_color=[Link], text_size=[Link])
