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Execution time 5 days
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Specification
I need an indicator system named "Pivot XR Delta system" modified based on pivot points which should be displayed on the price chart
and modified EMA called Delta Moving Average which should be displayed on a separate adjustable window below the price chart window.
I will require the source code of the sysytem too.
The formulas for the modified pivot lines are as follows-
Daily Pivot Point- (previous day High + previous day Low +previous day Close)/ 3
It should be displayed on the price chart for the last five trading days on all time frames except daily, weekly and monthly
It should have the option of Display on chart- True/False. It should be modifiable in terms of colour, thickness, types of lines.
Weekly Pivot Point - (previous weekly High + previous weekly Low +previous weekly Close)/ 3
It should be displayed on the price chart for the last five trading days on all time frames except weekly and monthly
It should have the option of Display on chart- True/False. It should be modifiable in terms of colour, thickness, types of lines.
Monthly Pivot Point- (previous monthly High + previous monthly Low +previous monthly Close)/ 3
It should be displayed on the price chart for the last five trading days on all time frames except monthly
It should have the option of Display on chart- True/False. It should be modifiable in terms of colour, thickness, types of lines.
XR - (previous day High +previous day Low)/2
It should be displayed on the price chart for the last five trading days on all time frames except daily, weekly and monthly
It should have the option of Display on chart- True/False. It should be modifiable in terms of colour, thickness, types of
lines.
CXR- (((previous day High + previous day Low +previous day Close)/ 3)-((previous day High +previous day Low)/2 )) + ((previous day High +
previous day Low +previous day Close)/ 3) which means (Daily pivot point - XR) + Daily pivot point
It should be displayed on the price chart for the last five trading days on all time frames except daily, weekly and monthly
It should have the option of Display on chart- True/False. It should be modifiable in terms of colour, thickness, types of lines.
The formula for the Delta Moving Average as per Tradingview.com coding language (Apology as I don't have any other coding language
available for this indicator) is-
study(title="Delta Moving Average", shorttitle="DeltaMA")
ema_len = input(14, minval=1, title="EMA len")
roc_len = input(5, minval=1, title="ROC len")
src = close
smooth = ema(src, ema_len)
ema_roc = 100 * (smooth - smooth[roc_len])/smooth[roc_len]
color = ema_roc > ema_roc[roc_len] ? green : red
plot(ema_roc, color=color, title="EMA ROC", style=line)
hline(0)
The Delta Moving average should have the above said values by default and also should be able to modify the values of EMA and ROC whenever
required and should be displayed on a separate ajustable height window below the price chart window. It should be modifiable in
terms of colour, thickness, types of lines.
All the above indicators including the modifiable pivots and Delta moving average should be modifiable in terms of colour, thickness,
types of lines like full line, dotted line,broken lines etc. I should be able to add other indicators/indicator windows on the
charts.
Please find attached sample images for both, modified pivots and Delta Moving Average for references.
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