Trend Magic Indicator

Can you please add Trend Magic indicator, as seen on TradingView? Here is the pinescript:

//@version=4 study("Trend Magic", shorttitle="TM", overlay=true, format=format.price, precision=2, resolution="") period=input(20,"CCI period") coeff=input(1,"ATR Multiplier") AP=input(5,"ATR Period") ATR=sma(tr,AP) src=input(close) upT=low-ATR*coeff downT=high+ATR*coeff MagicTrend=0.0 MagicTrend := cci(src,period)>=0 ? (upT<nz(MagicTrend[1]) ? nz(MagicTrend[1]) : upT) : (downT>nz(MagicTrend[1]) ? nz(MagicTrend[1]) : downT) color1= cci(src,period)>=0 ? #0022FC : #FC0400 plot(MagicTrend, color=color1, linewidth=3) alertcondition(cross(close, MagicTrend), title="Cross Alert", message="Price - MagicTrend Crossing!") alertcondition(crossover(low, MagicTrend), title="CrossOver Alarm", message="BUY SIGNAL!") alertcondition(crossunder(high, MagicTrend), title="CrossUnder Alarm", message="SELL SIGNAL!")

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Upvoters
Status

In Review

Board

πŸ’‘ Feature Request

Tags

Indicators

Date

Almost 2 years ago

Author

southsidejames

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