Template Signal Indicator

2022年5月21日

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.

2022年7月9日

發行說明

• Minor refactoring
  

2022年7月13日

發行說明

• Minor visual improvements
  

2022年7月13日

發行說明

• Update external_input_utils library
  

2023年1月17日

發行說明

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

2023年1月22日

發行說明

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

2023年3月19日

發行說明

• Minor refactoring
  

2023年9月6日

發行說明

Update internal libraries.

2023年9月10日

發行說明

Refactor and update internal libraries

2023年10月12日

發行說明

Update internal libraries

2024年10月3日

發行說明

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

1月6日

發行說明

Update to pinescript version 6