Trendline Break Pine script conversion

petercruz
Posts: 6
Joined: 01 May 2013
Has thanked: 1 time

Trendline Break Pine script conversion

Postby petercruz » 18 Apr 2023

hi all,

Can anyone assist to convert this Pine Script (Tradingview) indicator to MC PowerLanguage. From TV platform, at least optically many of the break has very little draw down when confirmed. Would love to test this MC and explore the possibility to convert it to strategy in MC. Thank you in advance.

{first credit to Lux algo for this Pine Script}


//@version=5
indicator("Trendlines with Breaks [LuxAlgo]",overlay=true)
length = input.int(14)
k = input.float(1.,'Slope',minval=0,step=.1)
method = input.string('Atr','Slope Calculation Method',
options=['Atr','Stdev','Linreg'])
show = input(false,'Show Only Confirmed Breakouts')
//----
upper = 0.,lower = 0.
slope_ph = 0.,slope_pl = 0.
src = close
n = bar_index
//----
ph = ta.pivothigh(length,length)
pl = ta.pivotlow(length,length)
slope = switch method
'Atr' => ta.atr(length)/length*k
'Stdev' => ta.stdev(src,length)/length*k
'Linreg' => math.abs(ta.sma(src*bar_index,length)-ta.sma(src,length)*ta.sma(bar_index,length))/ta.variance(n,length)/2*k

slope_ph := ph ? slope : slope_ph[1]
slope_pl := pl ? slope : slope_pl[1]

upper := ph ? ph : upper[1] - slope_ph
lower := pl ? pl : lower[1] + slope_pl
//----
single_upper = 0
single_lower = 0
single_upper := src[length] > upper ? 0 : ph ? 1 : single_upper[1]
single_lower := src[length] < lower ? 0 : pl ? 1 : single_lower[1]
upper_breakout = single_upper[1] and src[length] > upper and (show ? src > src[length] : 1)
lower_breakout = single_lower[1] and src[length] < lower and (show ? src < src[length] : 1)
plotshape(upper_breakout ? low[length] : na,"Upper Break",shape.labelup,location.absolute,#26a69a,-length,text="B",textcolor=color.white,size=size.tiny)
plotshape(lower_breakout ? high[length] : na,"Lower Break",shape.labeldown,location.absolute,#ef5350,-length,text="B",textcolor=color.white,size=size.tiny)
//----
var line up_l = na
var line dn_l = na
var label recent_up_break = na
var label recent_dn_break = na

if ph[1]
line.delete(up_l[1])
label.delete(recent_up_break[1])

up_l := line.new(n-length-1,ph[1],n-length,upper,color=#26a69a,
extend=extend.right,style=line.style_dashed)
if pl[1]
line.delete(dn_l[1])
label.delete(recent_dn_break[1])

dn_l := line.new(n-length-1,pl[1],n-length,lower,color=#ef5350,
extend=extend.right,style=line.style_dashed)

if ta.crossover(src,upper-slope_ph*length)
label.delete(recent_up_break[1])
recent_up_break := label.new(n,low,'B',color=#26a69a,
textcolor=color.white,style=label.style_label_up,size=size.small)

if ta.crossunder(src,lower+slope_pl*length)
label.delete(recent_dn_break[1])
recent_dn_break := label.new(n,high,'B',color=#ef5350,
textcolor=color.white,style=label.style_label_down,size=size.small)

//----
plot(upper,'Upper',color = ph ? na : #26a69a,offset=-length)
plot(lower,'Lower',color = pl ? na : #ef5350,offset=-length)

alertcondition(ta.crossover(src,upper-slope_ph*length),'Upper Breakout','Price broke upper trendline')
alertcondition(ta.crossunder(src,lower+slope_pl*length),'Lower Breakout','Price broke lower trendline')

User avatar
Mark Brown
Posts: 181
Joined: 29 Nov 2016
Has thanked: 111 times
Been thanked: 17 times

Re: Trendline Break Pine script conversion

Postby Mark Brown » 19 Mar 2024

ask chat gpt to do it


Return to “User Contributed Studies”