This is just the raw code for the system / strategies.
Will Complete this when I get more time.
Green - Setup Long
Red - Setup Short
Will Complete this when I get more time.
Green - Setup Long
Red - Setup Short
Uday C Santhakumar
study("TSM Donchian Moving Average System", overlay = true) a = input(20, title = "Long Period") b = input(5, title = "Short Period") ca = input(1, title = "Band Factor") // Moving average malong = sma(close,a) mashort = sma(close,b) range = sma(tr, a)*ca kclupper = malong + range kcllower = malong - range kcsupper = mashort + range kcslower = mashort - range // PLOT plot(malong, offset=1, title = "SMA Long") plot(mashort, offset=1, title = "SMA Short") plot(kclupper, offset=1, title = "KC Upper") plot(kcllower, offset=1, title = "KC Lower") // SETUP // LONG setuplong = close > kclupper[1] and close > kcsupper[1] ? green : na setupshort = close < kcllower[1] and close < kcslower[1] ? red : na barcolor(setuplong) barcolor(setupshort) // EXIT // LONG //exitlong = close < kclupper[1] and close < kcsupper[1] ? blue : na //exitshort = close > kcllower[1] and close > kcslower[1] ? orange : na //barcolor(exitlong) //barcolor(exitshort)