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Super Trend MTF Heatmap

This document defines a study that generates a multi-timeframe heatmap using a supertrend indicator. It takes supertrend values from 5 timeframes as inputs, calculates the number of bars since each switched to a buy or sell signal, and colors the heatmap rows green or red depending on which signal has been in effect longer. Labels are drawn to identify each timeframe on the right side of the chart.

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Thota pavan kumar
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294 views2 pages

Super Trend MTF Heatmap

This document defines a study that generates a multi-timeframe heatmap using a supertrend indicator. It takes supertrend values from 5 timeframes as inputs, calculates the number of bars since each switched to a buy or sell signal, and colors the heatmap rows green or red depending on which signal has been in effect longer. Labels are drawn to identify each timeframe on the right side of the chart.

Uploaded by

Thota pavan kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=4

study("Supertrend MTF Heatmap", shorttitle="Supertrend MTF Heatmap", overlay=false,


precision=6)

Factor=input(3,title="[SUPERTREND] Factor", minval=1,maxval = 100,


type=input.float)
Pd=input(7, title="[SUPERTREND] PD", minval=1,maxval = 100)

res1 = input("60", type=input.resolution, title="First Timeframe")


res2 = input("120", type=input.resolution, title="Second Timeframe")
res3 = input("240", type=input.resolution, title="Third Timeframe")
res4 = input("D", type=input.resolution, title="Fourth Timeframe")
res5 = input("W", type=input.resolution, title="Fifth Timeframe")

Supertrend(Factor, Pd) =>


Up=hl2-(Factor*atr(Pd))
Dn=hl2+(Factor*atr(Pd))

TrendUp = 0.0
TrendUp := close[1]>TrendUp[1] ? max(Up,TrendUp[1]) : Up
TrendDown = 0.0
TrendDown := close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn
Trend = 0.0
Trend := close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1)
Tsl = Trend==1? TrendUp: TrendDown

S_Buy = Trend == 1 ? 1 : 0
S_Sell = Trend != 1 ? 1 : 0

[Trend, Tsl]

[Trend,Tsl] = Supertrend(Factor, Pd)

// Security
ST1_Trend_MTF = security(syminfo.tickerid, res1, Trend[1],
lookahead=barmerge.lookahead_on)
ST2_Trend_MTF = security(syminfo.tickerid, res2, Trend[1],
lookahead=barmerge.lookahead_on)
ST3_Trend_MTF = security(syminfo.tickerid, res3, Trend[1],
lookahead=barmerge.lookahead_on)
ST4_Trend_MTF = security(syminfo.tickerid, res4, Trend[1],
lookahead=barmerge.lookahead_on)
ST5_Trend_MTF = security(syminfo.tickerid, res5, Trend[1],
lookahead=barmerge.lookahead_on)

h0 = hline(1, color=color.new(color.black, 10), linewidth=2,


linestyle=hline.style_solid)
h1 = hline(2, color=color.new(color.black, 10), linewidth=2,
linestyle=hline.style_solid)
h2 = hline(3, color=color.new(color.black, 10), linewidth=2,
linestyle=hline.style_solid)
h3 = hline(4, color=color.new(color.black, 10), linewidth=2,
linestyle=hline.style_solid)
h4 = hline(5, color=color.new(color.black, 10), linewidth=2,
linestyle=hline.style_solid)
h5 = hline(6, color=color.new(color.black, 10), linewidth=2,
linestyle=hline.style_solid)

get_bars(Trend)=>
since_st_buy = barssince(Trend == 1)
since_st_sell = barssince(Trend == -1)
[since_st_buy, since_st_sell]

[since_st_1_buy, since_st_1_sell] = get_bars(ST1_Trend_MTF)


[since_st_2_buy, since_st_2_sell] = get_bars(ST2_Trend_MTF)
[since_st_3_buy, since_st_3_sell] = get_bars(ST3_Trend_MTF)
[since_st_4_buy, since_st_4_sell] = get_bars(ST4_Trend_MTF)
[since_st_5_buy, since_st_5_sell] = get_bars(ST5_Trend_MTF)

// select the right heatmsap color


heatmap_color(cond1, cond2) =>
cond1 ? color.new(color.green, 20) : cond2 ? color.new(color.red, 20) : na

lapos_x = timenow + round(change(time)*3)


lapos_y = highest(5)// + (0.15 * highest(20))

// Displays the timeframe labels at the right


f_draw_label(x,y,_text,_textcolor, _size)=>
var label Label = na
label.delete(Label)
Label := label.new(x, y, _text, color=color.new(color.white, 20),
textcolor=_textcolor, style=label.style_none, yloc=yloc.price, xloc=xloc.bar_time,
size=_size)

// Display the labels in a more readable way


// If timeframe selected is "Same as symbol" displays the timeframe.period string
value
res_to_string(res)=>
str = iff(res == "1", "m1", iff(res == "5", "m5", iff(res == "15", "m15",
iff(res == "30", "m30", iff(res == "60", "H1", iff(res == "120", "H2",
iff(res == "240", "H4", iff(res == "480", "H8", iff(res == "D", "Daily",
iff(res == "W", "Weekly", iff(res == "360", "H3", timeframe.period)))))))))))
str

// draw the TF labels


f_draw_label(lapos_x, 1, res_to_string(res1), color.black, size.large)
f_draw_label(lapos_x, 2, res_to_string(res2), color.black, size.large)
f_draw_label(lapos_x, 3, res_to_string(res3), color.black, size.large)
f_draw_label(lapos_x, 4, res_to_string(res4), color.black, size.large)
f_draw_label(lapos_x, 5, res_to_string(res5), color.black, size.large)

// Draw the green/red heatmap raws


fill(h0 ,h1, color=heatmap_color(since_st_1_sell>since_st_1_buy,
since_st_1_sell<since_st_1_buy))
fill(h1, h2, color=heatmap_color(since_st_2_sell>since_st_2_buy,
since_st_2_sell<since_st_2_buy))
fill(h2, h3, color=heatmap_color(since_st_3_sell>since_st_3_buy,
since_st_3_sell<since_st_3_buy))
fill(h3, h4, color=heatmap_color(since_st_4_sell>since_st_4_buy,
since_st_4_sell<since_st_4_buy))
fill(h4, h5, color=heatmap_color(since_st_5_sell>since_st_5_buy,
since_st_5_sell<since_st_5_buy))

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