Zen Trading Tech

1. Intro
2. Indicator
3. Code

Intro

Please find a spike break indicator for research

Indicator

https://www.tradingview.com/script/EcZyPa3A-Zen-Spike-Break-v1/

Code

For those that are interested the code is here.

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//@version=5

indicator(‘Zen_Spike_Break_v1’, overlay=true, max_lines_count = 500)

bool plotspiketermination = input.string(“On”, “Show spike termination?”, options = [“On”, “Off”]) == “On”

bool plot4H_or_4L = input.string(“On”, “Show 4 Highs or Lows?”, options = [“On”, “Off”]) == “On”

bool plot4trendingshape = input.string(“On”, “Show 4 Trending?”, options = [“On”, “Off”]) == “On”

//Ignore Bars

x = input.int(3, “Number of Bars to Ignore at Start of Day”)

new_day = dayofweek != dayofweek[1]

bars_since_new_day = ta.barssince(new_day)

ignore_signals = bars_since_new_day < x

//What is current bar

isUp = close > open

isDown = close < open

isBullBar = close – open > 0

isBearBar = close – open < 0

isBullBO = close > close[1] and low >= low[1]

isBearBO = close < close[1] and high <= high[1]

isOutside = high >= high[1] and low <= low[1]

isOutsideUp = high >= high[1] and low <= low[1] and isUp

isOutsideDown = high >= high[1] and low <= low[1] and isDown

isInside = high <= high[1] and low >= low[1]

// What is Prior Bar

priorbarisInside = high[1] < high[2] and low[1] > low[2]

priorbarisbull = close[1] > open[1]

priorbarisbear = close [1] < open[1]

priorpriorbarisbull = close[2] > open[2]

priorpriorbarisbear = close [2] < open[2]

priorpriorbarisInside = high[2] < high[3] and low[2] > low[3]

priorbarisoutside = high[1] > high[2] and low[1] < low[2]

priorpriorbarisoutside = high[2] > high[3] and low[2] < low[3]

//details

threeCloseabovetwo = close > high[1]

threeClosebelowtwo = close < low[1]

priorbarlowaboveppbarlow = low[1] > low[2]

priorbarhighbelowppbarhigh = high[1] < high[2]

//noinsides

noInsides = not isInside and not priorbarisInside and not priorpriorbarisInside

noOutsides = not isOutside and not priorbarisoutside and not priorpriorbarisoutside

//trendingshapes4

fourtrendinglowsbull = low > low[1] and low[1] > low[2] and low[2] > low[3]

fourtrendinghighsbear = high < high[1] and high[1] < high[2] and high[2] < high[3]

plot4trendinglowsbull = fourtrendinglowsbull and plot4trendingshape == true and not ignore_signals

plot4trendinghighsbear = fourtrendinghighsbear and plot4trendingshape == true and not ignore_signals

plotshape(plot4trendinglowsbull, “4 Trending HL”, style = shape.circle , color=color.rgb(33, 149, 243, 60), location=location.belowbar)

plotshape(plot4trendinghighsbear, “4 Trending LH”, style = shape.circle, color=color.rgb(255, 82, 82, 60), location=location.abovebar)

spiketermination_bull = fourtrendinglowsbull[1] and not fourtrendinglowsbull and plotspiketermination == true

spiketermination_bear = fourtrendinghighsbear[1] and not fourtrendinghighsbear and plotspiketermination == true

if spiketermination_bull

    line.new(x1 = bar_index[1], y1 = low[1], x2 = bar_index + 3, y2 = low[1], color = color.rgb(7, 238, 238, 31), width = 2)

//

if spiketermination_bear

    line.new(x1 = bar_index[1], y1 = high[1], x2 = bar_index + 3, y2 = high[1], color = color.rgb(172, 7, 238, 50), width = 2)

//

//

four_highs = high > high[1] and high[1] > high[2] and high[2] > high[3] and plot4H_or_4L == true

four_lows = low < low[1] and low[1] < low[2] and low[2] < low[3] and plot4H_or_4L == true

plotshape(four_highs, “4 Trending HH”, style = shape.diamond, color=color.rgb(33, 149, 243, 60), location=location.abovebar)

plotshape(four_lows, “4 Trending LL”, style = shape.diamond, color=color.rgb(255, 82, 82, 50), location=location.belowbar)