// This Pine Script™ code is subject to the terms of the Mozilla Public
License 2.0 at https://mozilla.org/MPL/2.0/
// © deven0
//@version=5
indicator('Super Setup v1.5', overlay=true, max_labels_count=500)
// Hardcoded values for hidden parameters
candle_stability_index_param = 0.5 // Fixed value for Candle
Stability Index
rsi_index_param = 70 // Fixed value for RSI Index
candle_delta_length_param = 6 // Fixed value for Candle Delta
Length
disable_repeating_signals_param = input.bool(true, 'Disable
Repeating Signals', group='Technical', tooltip='Removes repeating
signals. Useful for removing clusters of signals and general clarity')
GREEN = #388e3c
RED = #b22833
TRANSPARENT = color.rgb(0, 0, 0, 100)
label_size = input.string('normal', 'Label Size', options=['huge',
'large', 'normal', 'small', 'tiny'], group='Cosmetic')
label_style = input.string('text bubble', 'Label Style', ['text bubble',
'triangle', 'arrow'], group='Cosmetic')
buy_label_color = input(GREEN, 'BUY Label Color', inline='Highlight',
group='Cosmetic')
sell_label_color = input(RED, 'SELL Label Color', inline='Highlight',
group='Cosmetic')
label_text_color = input(color.white, 'Label Text Color',
inline='Highlight', group='Cosmetic')
// ATR calculation for profit target
atr_length = input.int(14, title="ATR Length")
atr_multiplier = input.float(2.5, title="ATR Multiplier for Book Profit")
atr_value = ta.atr(atr_length)
// Calculations for conditions
stable_candle = math.abs(close - open) / ta.tr >
candle_stability_index_param
rsi = ta.rsi(close, 14)
bullish_engulfing = close[1] < open[1] and close > open and close >
open[1]
rsi_below = rsi < rsi_index_param
decrease_over = close < close[candle_delta_length_param]
bull = bullish_engulfing and stable_candle and rsi_below and
decrease_over and barstate.isconfirmed
bearish_engulfing = close[1] > open[1] and close < open and close
< open[1]
rsi_above = rsi > 100 - rsi_index_param
increase_over = close > close[candle_delta_length_param]
bear = bearish_engulfing and stable_candle and rsi_above and
increase_over and barstate.isconfirmed
var last_signal = ''
var float buy_entry_price = na
var float sell_entry_price = na
var bool buy_label_plotted = false
var bool sell_label_plotted = false
if bull and (disable_repeating_signals_param ? (last_signal != 'buy' ?
true : na) : true)
buy_entry_price := close
buy_label_plotted := false // Reset label plotted flag when a
new buy signal occurs
if label_style == 'text bubble'
label.new(bull ? bar_index : na, low, '▲ Bottom',
color=buy_label_color, style=label.style_label_up,
textcolor=label_text_color, size=label_size)
else if label_style == 'triangle'
label.new(bull ? bar_index : na, low, '▲ Bottom',
yloc=yloc.belowbar, color=buy_label_color,
style=label.style_triangleup, textcolor=TRANSPARENT,
size=label_size)
else if label_style == 'arrow'
label.new(bull ? bar_index : na, low, '▲ Bottom',
yloc=yloc.belowbar, color=buy_label_color,
style=label.style_arrowup, textcolor=TRANSPARENT,
size=label_size)
last_signal := 'buy'
if bear and (disable_repeating_signals_param ? (last_signal != 'sell' ?
true : na) : true)
sell_entry_price := close
sell_label_plotted := false // Reset label plotted flag when a
new sell signal occurs
if label_style == 'text bubble'
label.new(bear ? bar_index : na, high, '▼ TOP',
color=sell_label_color, style=label.style_label_down,
textcolor=label_text_color, size=label_size)
else if label_style == 'triangle'
label.new(bear ? bar_index : na, high, '▼ TOP',
yloc=yloc.abovebar, color=sell_label_color,
style=label.style_triangledown, textcolor=TRANSPARENT,
size=label_size)
else if label_style == 'arrow'
label.new(bear ? bar_index : na, high, '▼ TOP',
yloc=yloc.abovebar, color=sell_label_color,
style=label.style_arrowdown, textcolor=TRANSPARENT,
size=label_size)
last_signal := 'sell'
// Book profit labels based on ATR, only plot once
if not na(buy_entry_price) and not buy_label_plotted
buy_profit_target = buy_entry_price + atr_multiplier * atr_value
if close >= buy_profit_target
label.new(bar_index, high, "Book Profit", color=color.blue,
style=label.style_label_down, textcolor=color.white, size=label_size)
buy_label_plotted := true // Mark label as plotted
if not na(sell_entry_price) and not sell_label_plotted
sell_profit_target = sell_entry_price - atr_multiplier * atr_value
if close <= sell_profit_target
label.new(bar_index, low, "Book Profit", color=color.blue,
style=label.style_label_up, textcolor=color.white, size=label_size)
sell_label_plotted := true // Mark label as plotted
// Market Structure Break (MSB) Detection
// Function to detect swing highs and lows
f_swingHighLow(_src, _len) =>
_sw = high >= ta.highest(high, _len)
_lw = low <= ta.lowest(low, _len)
[_sw, _lw]
// User inputs for market structure break
var len = input.int(20, minval=1, title='Loopback')
var mult = input.float(1, minval=0.1, title='Multiplier')
bullish_MSB_Color = input.color(color.green, title='Bullish MSB
Color', inline='Bullish MSB Style')
bearish_MSB_Color = input.color(color.red, title='Bearish MSB Color',
inline='Bearish MSB Style')
bullish_MSB_Width = input.int(1, minval=1, maxval=5, title='Line
Width', inline='Bullish MSB Style')
bearish_MSB_Width = input.int(1, minval=1, maxval=5, title='Line
Width', inline='Bearish MSB Style')
// Calculation of swing highs and lows
[sh, sl] = f_swingHighLow(close, len)
// Identify market structure break
break_up = sh and sh[1] == false and close > high[1] * mult
break_down = sl and sl[1] == false and close < low[1] * mult
// Draw lines on market structure break
var line bullish_MSB = na
var line bearish_MSB = na
var float highest_MSB = na
var float lowest_MSB = na
if break_up
// Find the bar_index where the swing high is and draw a line
until the candle CLOSES ABOVE the market structure
for i = 1 to 100 by 1
if sh[i]
bullish_MSB := line.new(bar_index[i], high[i], bar_index,
high[i], color=bullish_MSB_Color, width=bullish_MSB_Width)
highest_MSB := high[i]
break
if break_down
// Find the bar_index where the swing low is and draw a line until
the candle CLOSES BELOW the market structure
for i = 1 to 100 by 1
if sl[i]
bearish_MSB := line.new(bar_index[i], low[i], bar_index,
low[i], color=bearish_MSB_Color, width=bearish_MSB_Width)
lowest_MSB := low[i]
break
// Calculate the 200-period EMA
ema200 = ta.ema(close, 200)
// Plot the 200 EMA
plot(ema200, title="200 EMA", color=color.red, linewidth=2)
// VWAP calculation
vwapValue = ta.vwap(close)
// Plot VWAP line
plot(vwapValue, title="VWAP", color=color.black, linewidth=2)
// Alerts
alertcondition(bull, 'BUY Signals', 'New signal: BUY')
alertcondition(bear, 'SELL Signals', 'New signal: SELL')
