CM_UCS_MODIFIED SLINGSHOT [ALERTS]
Here is a tool to help trigger entry alerts on CM_UCS_Slingshot_Modified.
This alert code picks up the Conservative Entry Signals.
This alert code picks up the Conservative Entry Signals.
Uday C Santhakumar
study("CM_UCS_MODIFIED SLINGSHOTAlerts", overlay=false)
ma1 = ema(close, 13)
ma2 = ema(close, 21)
ma3 = ema(close, 34)
ma = ema(close, 89)
rangema = ema(tr, 89)
upper = ma + rangema * 0.5
lower = ma - rangema * 0.5
midChan = (upper + lower)/2
//Trend Definition
tr_up = ma1 > upper and ma2 > upper and ma3 > upper
tr_down = ma1 < lower and ma2 < lower and ma3 < lower
//Aggressive Entry
pullbackUpT() => tr_up and close < upper
pullbackDnT() => tr_down and close > lower
//Conservative Entry
entryUpT() => tr_up and close[1] < upper and close > upper
entryDnT() => tr_down and close[1] > lower and close < lower
//Conservative Entry True/False Condition
entryUpTrend = ma1 > upper and ma2 > upper and ma3 > upper and close[1] < upper and close > upper ? 1 : 0
entryDnTrend = ma1 < lower and ma2 < lower and ma3 < lower and close[1] > lower and close < lower ? 1 : 0
//Define Up and Down Trend for Trend Arrows at Top and Bottom of Screen
upTrend = ma1 > upper and ma2 > upper and ma3 > upper
downTrend = ma1 < lower and ma2 < lower and ma3 < lower
//Definition for Conservative Entry Up and Down PlotArrows
codiff = entryUpTrend == 1 ? entryUpTrend : 0
codiff2 = entryDnTrend == 1 ? entryDnTrend : 0
plot(entryUpTrend, color = lime, title = "Conservative Up Trend Entry")
plot(entryDnTrend, color = red, title = "Conservative Down Trend Entry")