ChrisMoody

CM_Stochastic Highlight Bars

CM_Stoch Highlight Bars

belgusinc Wanted to Know How To Create Highlight Bars based on Stochastic Bars Being Overbought/Oversold

Basics:
Ability to turn On/Off Crosses Only Above or Below High/Low Lines.
User sets Values Of High/Low lines. (Determines how highlight Bars are plotted, Based on the Value of the High/Low lines.
Ability to turn On/Off All Crosses, Both BackGround Highlights and “B”, “S” Letters.
Ability to turn On/Off BackGround Highlights if Stoch is Above Or Below High/Low Lines.
Ability to All or Any Combination of these Features.

Lower Indicator

Open-source Skript

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//Created by ChrisMoody on October 23, 2014 by user request - belgusinc
//Changes Barcolor when Stochastic is Overbought Oversold.

//Necessary for Highlight Bars
//Only Necessary if you want you want Stochastic Croses
study(title="CM_Stochastic_Highlight Bars", shorttitle="CM_Stoch_HighlightBars", overlay=true)
len = input(14, minval=1, title="Length for Stochastic") 
smoothK = input(3, minval=1, title="SmoothK for Stochastic")
smoothD = input(3, minval=1, title="SmoothD for Stochastic")
upLine = input(80, minval=50, maxval=90, title="Upper Line Value?")
lowLine = input(20, minval=10, maxval=50, title="Lower Line Value?")

//Not Necessary, In Inputs Tab, capability to turn On/Off Highlight Bars, and Both Crosses
//These are all checkboxes in inputs tab....Show Barcolor Highlights, Show Background Hghlight, Plot B and S for Buy Sell 
sbc = input(true, title="Show Price Bar highlight When Stoch is Above/Below High/Low Lines?")
sbh = input(false, title="Show Background highlight When Stoch is Above/Below High/Low Lines?")
sch = input(false, title="Show Back Ground Highlights When Stoch Cross - Strict Criteria - K Greater/LesThan High/Low Line - Crosses D ?")
sl = input(true, title="Show 'B' and 'S' Letters When Stoch Crosses High/Low Line & D?")
sac = input(false, title="Show Back Ground Highlights When Stoch Cross - Any Cross?")
sacl = input(false, title="Show 'B' and 'S' Letters When Stoch Crosses - Any Cross?")

//Necessary for Highlight Bars
//Stoch formula
k = sma(stoch(close, high, low, len), smoothK)
d = sma(k, smoothD)

//Necessary for Highlight Bars
//aboveline = OverBought, belowline = Oversold Definitions
aboveLine = k > upLine ? 1 : 0
belowLine = k < lowLine ? 1 : 0

//Only Necessary if you want you want Stochastic Croses
//Definition for Cross when Above High-Low lines
crossUp = (k[1] < d[1] and k[1] < lowLine[1]) and (k > d)  ? 1 : 0
crossDn = (k[1] > d[1] and k[1] > upLine[1]) and (k < d) ? 1 : 0

//Only Necessary if you want you want Stochastic Croses
//Definition for Cross that doesn't have to be above or below High and Low line.
crossUpAll = (k[1] < d[1] and k > d) ? 1 : 0
crossDownAll = (k[1] > d[1] and k < d) ? 1 : 0

//Only Necessary if you want background Highlighting also - Take out the sbh/sbc and part
//BackGround Highlights based on Above/Below Lines, Strict Cross Up/Down
//BackGroound Color Plots
bgcolor(sbh and aboveLine ? red : na, transp=70)
bgcolor(sbh and belowLine ? lime : na, transp=70)
bgcolor(sch and crossUp ? lime : na, transp=40)
bgcolor(sch and crossDn ? red : na, transp=40)

//Only Necessary if you want background Highlighting also
//plots bgcolor Cross with no filter
bgcolor(sac and crossUpAll ? lime : na, transp=40)
bgcolor(sac and crossDownAll ? red : na, transp=40)

//Necessary for Highlight Bars
//Highlight Bar Definitions
overBought() => sbc and aboveLine 
overSold() => sbc and belowLine 

//Necessary for Highlight Bars
//Highlight Bar Plot Statement based on Above Definitions
barcolor(overBought() ? orange : overSold() ? fuchsia : na)

//Not Necessary if you just want Highlight Bars  - Extra Feature
//These are just the Letters B and Sell Based on Crosses
plotchar(sl and crossUp ? crossUp : na, title="Buy Signal Strict Criteria", char='B', location=location.belowbar, color=lime, transp=0, offset=0)
plotchar(sl and crossDn ? crossDn : na, title="Sell Signal Strict Criteria", char='S', location=location.abovebar, color=red, transp=0, offset=0)
plotchar(sacl and crossUpAll ? crossUpAll : na, title="Buy Signal Any Cross Up", char='B', location=location.belowbar, color=lime, transp=0, offset=0)
plotchar(sacl and crossDownAll ? crossDownAll : na, title="Sell Signal Any Cross Down", char='S', location=location.abovebar, color=red, transp=0, offset=0)