Identity LTS

/_SECTION_BEGIN("Simple Pivot based Trading System");

// User defined parameters.

GraphXSpace = 10; //defines how much extra space should be added above and below graph line (in percent).

dist = 0.25*ATR(10); 
Capital=Param("Total capital",100000,10000,1000000,1000);
drawdown=Param("Max. loss per trade as % of Capital", 1.0,0.5,25.0,0.1);
room=Param("Room for S/L as % of Pivot value",0.001,0.0,0.02,0.001);

// Now calculate pivots. Method courtesy : Kenneth (www.traderji.com)

PH= ValueWhen(
(Ref(H,-2) > Ref(H, -4)) AND
(Ref(H,-2) > Ref(H, -3)) AND
(Ref(H,-2) > Ref(H, -1)) AND
(Ref(H,-2) > H), Ref(H,-2));

PL= ValueWhen(
(Ref(L,-2) <= Ref(L, -4)) AND
(Ref(L,-2) <= Ref(L, -3)) AND
(Ref(L,-2) <= Ref(L, -1)) AND
(Ref(L,-2) <= L), Ref(L,-2));

// filter lines

phfilter=PH+(room*PH);
plfilter=PL-(room*PL);

//Uncomment following code if you wish to see the pivot lines.
Plot(Ref(PH,2), "UpPivot", ParamColor("UpPivot Color",colorRed), styleDashed);
Plot(Ref(PL,2), "DownPivot",ParamColor("DownPivot Color",colorGreen), styleDashed);

Plot(Ref(Phfilter,2), "Upfilter", ParamColor("upfilter Color",colorRed), styleLine);
Plot(Ref(Plfilter,2), "Downfilter",ParamColor("dnfilter Color",colorGreen), styleLine);


//Plot(Ref(UpFractal,2), "Up Fractal", ParamColor("Up Fractal Color",colorRed),8);
//Plot(Ref(DownFractal,2), "Down Fractal",ParamColor("Down Fractal Color",colorGreen),8);



 
for (a=4;a= H[a-4]) AND
(H[a-2] >= H[a-3]) AND
(H[a-2] >= H[a-1]) AND
(H[a-2] >= H[a]))
PlotText("PH: \n"+H[a-2], a-2, H[a-2], colorGreen);

if ((L[a-2] <= L[a-4]) AND
(L[a-2] <= L[a-3]) AND
(L[a-2] <= L[a-1]) AND
(L[a-2] <= L[a]))
PlotText("PL: \n"+L[a-2], a-2, L[a-2]-dist[a-2], colorRed);
}



tchoice=Param("Title Selection ",2,1,2,1);

Q=Param("% Change",0.2,0.1,10,0.1);
Z= Zig(C ,q ) ;
HH=((Z Ref(Z,-2)) AND (Peak(z,q,1 ) >Peak(Z,q,2)));
LH=((Z Ref(Z,-2)) AND (Peak(Z,q,1 ) Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2)) AND (Trough(Z,q,1 ) >Trough(Z,q,2)));
LL=((Z>Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2)) AND (Trough(Z,q,1 )  (PH+(room*PH));

initialStopBuy=Ref(PL,2)-(Ref(PL,2)*room/100);
trailStopBuy=IIf(C>PH,Ref(initialStopBuy,-1),initialStopBuy);

newStopBuy=trailStopBuy;

BuyLimitCapital=int(Capital/C);
SLbuy=round(C-initialStopBuy);
BuyLimitSL=int((Capital*drawdown)/(100*SLbuy));

//Condition for sell : Exit when previous pivot low is cracked.
Sell = C< (PL-(room*PL));

Buy = ExRem(Buy,Sell);
Sell= ExRem(Sell,Buy);

Short = Sell;
Cover = Buy;

Short=ExRem(Short,Cover);
Cover=ExRem(Cover,Short);

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ),0, IIf( Buy, Low, High ) );


_SECTION_END();
// ichamuku line
SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
Plot(SL,"SL",colorWhite,styleThick); // standard, base, or kijun-sen line
Plot(TL,"TL",colorYellow,styleThick); // turning, conversion, or tenkan-sen line


//=======price

Color_buy = IIf(Close > SL AND Close > TL,colorBlue,IIf(Close < SL AND Close < TL,colorRed,colorYellow));
PlotOHLC( Open, High, Low, Close, "", Color_buy, styleBar+styleThick ); 

rng = PH-PL;
key = PH - (rng/2);
tgt_long2 = ph+rng*2.618;
tgt_long1 = ph + rng*1.75;
ret1 = ph-rng*0.382;
ret2 = ph-rng*0.612;
tgt_short1 = PL - rng*1.75;
tgt_short2 = PL-rng*2.618;

 Title = EncodeColor(colorWhite)+ "LINKON'S PIVOT SYSTEM" + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"Op-"+O+"  "+"Hi-"+H+"  "+"Lo-"+L+"  "+ "Cl-"+C+"  "+ "Vol= "+ WriteVal(V)
+ EncodeColor(colorGreen)+ WriteIf (Color_buy ==colorBlue , "\n Go LONG at : "+phfilter+"   With a stop loss of  : "+SL,"")
+ EncodeColor(colorYellow)+ WriteIf (Color_buy ==colorYellow  , "\n Trend decider is at:"+key,"")
+ EncodeColor(colorGreen)+ "\n LONG : Target1 :"+ tgt_long1  + "   Target2 :"+ tgt_long2
+ "\n"
+ EncodeColor(colorRed) + WriteIf (Color_buy ==colorRed  , "\n Go SHORT at: "+plfilter+"   with a stop loss of : "+SL,"")
+ EncodeColor(colorRed)+   "\n SHORT: Target1 :"+ tgt_short1 + "   Target2 :"+ tgt_short2;