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Smart and helpful developer - I would highly recommend
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Hi
I need someone to create an EA based on a tradingview indicator (trendicator)
The EA would trade based on the indicator
This is the open source script
//@version=6
indicator('Trendicator', overlay = true)
// Input options for multi-timeframe
EMA1 = input.int(8, 'Quick Moving Average Length')
Sour = input(close, 'Quick Moving Average Source')
EMA2 = input.int(21, 'Slow Moving Average Length')
Colo = input.bool(true, "Use Crossover Colours")
Bool = input.bool(false, "Labels")
timeframe = input.timeframe('', title = 'Chart Timeframe (leave empty for current)')
timeframeSource = input.timeframe('', title = 'Moving Average Timeframe (leave empty for current)')
// Define MA calculations with multi-timeframe support
// Slow MAs (using close and open respectively)
EMABuy = ta.sma(request.security(syminfo.tickerid, timeframe, close), EMA2)
EMASell = ta.sma(request.security(syminfo.tickerid, timeframe, open), EMA2)
// Quick MA (using the chosen source)
EMA = ta.sma(request.security(syminfo.tickerid, timeframeSource, Sour), EMA1)
// Define colors (initialize)
var col1 = color.new(color.green, 0)
var col2 = color.new(color.red, 0)
// --- Corrected Buy and Sell Conditions ---
// Instead of comparing slow vs. quick the “wrong way,” we now say:
// Buy when the quick MA (EMA) is above both slow MAs,
// Sell when the quick MA is below both slow MAs.
Buy1 = EMA > EMABuy
Buy2 = EMA > EMASell
Sell1 = EMA < EMASell
Sell2 = EMA < EMABuy
// Define flags to track crossovers and avoid multiple triggers
var bool buySignal = false
var bool sellSignal = false
// Detect crossovers and set flags
buyCrossover = Buy1 and Buy2 and not buySignal[1]
sellCrossover = Sell1 and Sell2 and not sellSignal[1]
// Update flags to ensure single triggers
buySignal := buyCrossover ? true : sellCrossover ? false : buySignal
sellSignal := sellCrossover ? true : buyCrossover ? false : sellSignal
// Update color based on conditions if using crossover colours
if Buy1 and Buy2 and Colo
col1 := color.new(color.lime, 0)
col2 := color.new(color.lime, 0)
if Sell1 and Sell2 and Colo
col1 := color.new(color.red, 0)
col2 := color.new(color.red, 0)
// Plot the moving averages
p = plot(EMA, 'Quick Moving Average', color = col1, linewidth = 3)
q = plot(EMABuy, 'Slow Moving Average', color = col2, linewidth = 3)
// Fill the area between the two MAs based on trend
fill(p, q, color = Buy1 and Buy2 ? color.new(color.lime, 80) : Sell1 and Sell2 ? color.new(color.red, 80) : na)
// Alert conditions
alertcondition(buyCrossover, title = 'Uptrend', message = 'Buy')
alertcondition(sellCrossover, title = 'Downtrend', message = 'Sell')
// Add labels on crossovers
if buyCrossover and Bool
label.new(x = bar_index, y = low, text = 'Buy', color = color.lime, textcolor = color.white, style = label.style_label_up, size = size.small)
if sellCrossover and Bool
label.new(x = bar_index, y = high, text = 'Sell', color = color.red, textcolor = color.white, style = label.style_label_down, size = size.small)
indicator('Trendicator', overlay = true)
// Input options for multi-timeframe
EMA1 = input.int(8, 'Quick Moving Average Length')
Sour = input(close, 'Quick Moving Average Source')
EMA2 = input.int(21, 'Slow Moving Average Length')
Colo = input.bool(true, "Use Crossover Colours")
Bool = input.bool(false, "Labels")
timeframe = input.timeframe('', title = 'Chart Timeframe (leave empty for current)')
timeframeSource = input.timeframe('', title = 'Moving Average Timeframe (leave empty for current)')
// Define MA calculations with multi-timeframe support
// Slow MAs (using close and open respectively)
EMABuy = ta.sma(request.security(syminfo.tickerid, timeframe, close), EMA2)
EMASell = ta.sma(request.security(syminfo.tickerid, timeframe, open), EMA2)
// Quick MA (using the chosen source)
EMA = ta.sma(request.security(syminfo.tickerid, timeframeSource, Sour), EMA1)
// Define colors (initialize)
var col1 = color.new(color.green, 0)
var col2 = color.new(color.red, 0)
// --- Corrected Buy and Sell Conditions ---
// Instead of comparing slow vs. quick the “wrong way,” we now say:
// Buy when the quick MA (EMA) is above both slow MAs,
// Sell when the quick MA is below both slow MAs.
Buy1 = EMA > EMABuy
Buy2 = EMA > EMASell
Sell1 = EMA < EMASell
Sell2 = EMA < EMABuy
// Define flags to track crossovers and avoid multiple triggers
var bool buySignal = false
var bool sellSignal = false
// Detect crossovers and set flags
buyCrossover = Buy1 and Buy2 and not buySignal[1]
sellCrossover = Sell1 and Sell2 and not sellSignal[1]
// Update flags to ensure single triggers
buySignal := buyCrossover ? true : sellCrossover ? false : buySignal
sellSignal := sellCrossover ? true : buyCrossover ? false : sellSignal
// Update color based on conditions if using crossover colours
if Buy1 and Buy2 and Colo
col1 := color.new(color.lime, 0)
col2 := color.new(color.lime, 0)
if Sell1 and Sell2 and Colo
col1 := color.new(color.red, 0)
col2 := color.new(color.red, 0)
// Plot the moving averages
p = plot(EMA, 'Quick Moving Average', color = col1, linewidth = 3)
q = plot(EMABuy, 'Slow Moving Average', color = col2, linewidth = 3)
// Fill the area between the two MAs based on trend
fill(p, q, color = Buy1 and Buy2 ? color.new(color.lime, 80) : Sell1 and Sell2 ? color.new(color.red, 80) : na)
// Alert conditions
alertcondition(buyCrossover, title = 'Uptrend', message = 'Buy')
alertcondition(sellCrossover, title = 'Downtrend', message = 'Sell')
// Add labels on crossovers
if buyCrossover and Bool
label.new(x = bar_index, y = low, text = 'Buy', color = color.lime, textcolor = color.white, style = label.style_label_up, size = size.small)
if sellCrossover and Bool
label.new(x = bar_index, y = high, text = 'Sell', color = color.red, textcolor = color.white, style = label.style_label_down, size = size.small)
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