Template Signal Indicator

21. Mai 2022

This script is an example on how to create a custom indicator that produce start/end long/short deal signals based on configurable conditions from internal and external indicators.
This indicator can be used as an external indicator to other strategies like "Template Trailing Strategy" that will execute the deals and enter the desired positions based on the signals produced by this script.
Combining this script with the aforementioned strategy (or any other compatible) has the advantage that you can backrest the results of your custom deal conditions. Also additional functionality that is provided by the strategy can be utilized (e.g. Take Profit Targets, Trailing Stop Loss etc.).
In this particular example I combined the RSI and Stoch RSI indicators (internal) with the "Trend Explorer" indicator (external) so it produces buy and sell signals based on the logic I defined in the input tab of this indicator. To combine "indicators on indicators" you need Pro+ TV subscription.
The convention I use to communicate the signals is the following (2 -> enter long, 1 -> exit long, -2 -> enter short, -1 ->exit short). However, this convention is also configurable in the consumer/strategy script "Template Trailing Strategy" so make sure that both script "speak the same language" before procced.

9. Juli 2022

Versionshinweise

• Minor refactoring
  

13. Juli 2022

Versionshinweise

• Minor visual improvements
  

13. Juli 2022

Versionshinweise

• Update external_input_utils library
  

17. Jan. 2023

Versionshinweise

• Add alerts
  
• Use the default TTS "two channel mod div" convention to easier use it as external input
  
• Update external_input_utils
  

22. Jan. 2023

Versionshinweise

• Show the actual signal value in the status line and data window
  

19. März 2023

Versionshinweise

• Minor refactoring
  

6. Sept. 2023

Versionshinweise

Update internal libraries.

10. Sept. 2023

Versionshinweise

Refactor and update internal libraries

12. Okt. 2023

Versionshinweise

Update internal libraries

3. Okt. 2024

Versionshinweise

• Update internal libraries
  
• Style changes to match with latest TTS version
  

6. Jan.

Versionshinweise

Update to pinescript version 6