TSM Donchian Moving Average System_by_ucsgears
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)