# This is a conversion of the NinjaTrader VPA indicator.

ToS does not support d

irectional
# triangles and diamonds, so there are some differences. The triangles are left
as is, just
# not pointing a specific direction. The diamonds have been replaced with circl
es.
# C_RP Original notes by cbritton are above. Changes made after 20100722 by Rich
ard Paske are marked below by the C_RP comment tag. A few bugs were fixed. More
significantly, the color scheme for symbols was changed radically in an attempt
to map directional strength to hue based on the ROYGBIV color spectrum. In addit
ion, a symbol's shape and its vertical position above or below a candle now impa
rts added meaning to it. In general, the strength of a symbol is assigned by its
color and shape in that order. In certain circumstances a symbol's vertical off
set from its candle's top or bottom strengthens the symbol's meaning. The symbol
strength hierarchy is defined as follows:
# 1. Color: Symbols below candles are assigned strength from weakest to stronges
t in this order: white (or grey), cyan (blue/green), green. A red symbol under a
candle indicates the failure of the symbol attached below the candle immediatel
y preceding it.
# Symbols above candles are assigned strength from weakest to strongest in this
order: yellow, orange, red. A green symbol above a candle indicates the failure
of a symbol attached above the candle immediately preceding it. A magenta (pinki
sh purple) square above a candle is a special case indicating Distribution. Anot
her special case for testing purposes as of 20100830 is a white triangle high ab
ove a candle indicating a Gravestone Doji.
# Symbols drawn on the middle of a candle are of two types with one variation. A
green circle indicates Effort to Move Up on up bars. A magenta (pinkish purple)
circle indicates Effort to Move Down on down bars except for red down bars on w
hich magenta displays poorly. In order to be seen easily, yellow circles indicat
e Effort to Move Down on red down bars.
# 2. Shape: A symbol of a given color is assigned increasing strength according
to this hierarchy (from low to high): circle, square, triangle, downward or upwa
rd arrow. In certain circumstances two symbols of the same shape and color will
be stacked vertically, adding strength through the combined symbols. Occasionall
y, two different symbols will be stacked vertically because that candle satisfie
s the criteria for two indications.
# Listed below are the symbols and their meanings. The original symbol chart can
be found at the end of this study.
#
#
#
#
#

___Symbols Below Candles___

White Square - Test for Supply
Cyan Circle - No Supply
Cyan Triangle - Successful Test for Supply
2 Cyan Triangles - Successful Test for Supply 2

# Grey Square - Test for Supply in Uptrend

# Green Circle - Stopping Volume
#
#
#
#
#
#

Cyan Square - Strength in Downtrend

Green Square - Strength in Downtrend 1
Green Triangle - Strength in Downtrend 2
Green UpArrow - Strength Confirmation Bar
2 Green UpArrows - Strength Confirmation Bar with High Close
Red Square - Failed Strength Signal

#
#
#
#

___Symbols in the Middle of Candles___

Green Circle - Effort to Move Up
Magenta Circle - Effort to Move Down
Yellow Circle - Effort to Move Down on Red Down Candles

# ___Symbols Above Candles___

# White Triangle - Gravestone Doji (included as an experiment as of 20100830 to
test its usability in the UpThrust category)
# Yellow Triangle - Weakness
# Orange Circle - No Demand
# Orange Square - PseudoUpThurst
# Orange Triangle - PseudoUpThurst Confirmation
#
#
#
#

Red Square - UpThrust

Red Triangle - Confirmed UpThrust Condition 1
Red DownArrow - Confirmed UpThrust Condition 2 or 3
Green Square - Failed UpThrust or PseudoUpThrust Confirmation

# Red Circle - Reversal Likely

# Magenta Square - Distribution
# Magenta Triangle - Two or Three Period UpThrust
#######################################################
# C_RP The next two comments are from the original comments by cbritton.
# The NT version used a LinRegSlopeSFX indicator for determining trends. Those h
ave been
# replaced in this ToS version with a call to the built in LinearRegressionSlope
indicator.
#######
# Arguments
input
input
input
input
input
input
input
input
input
input
input
input
input

volumeEMALength = 30;
narrowSpreadFactor = 0.7;
wideSpreadFactor = 1.5;
aboveAvgVolfactor = 1.5;
ultraHighVolfactor = 2;
highCloseFactor = 0.70;
lowCloseFactor = 0.25;
GdojiFactor = 0.2; # C_RP
WickFactor = 0.1; # C_RP
colorBars = {default false, true};
trendText = {false, default true};
volumeDefinitions = { false, default true };
alerts = { default false, true };

#######
# Calculations
rec
def
rec
h),

spread = high - low;

median = (high + low ) / 2;
avgVolume = compoundValue(volumeEMALength, ExpAverage(volume, volumeEMALengt
Double.NaN);

# Calculate Volume moving average and it's standard deviation

rec sAvgVolume = compoundValue(volumeEMALength, Average(volume, volumeEMALength
), Double.NaN);

def sAvgVolumeSTD = stdev(sAvgVolume, volumeEMALength);

# check if the vloume has been decreasing in the past two days.
def isTwoDaysLowVol = (volume < volume[1] && volume[0] < volume[2]);
# Calculate Range information
def avgSpread = WildersAverage(spread, volumeEMALength)[0];
rec isWideSpreadBar = (spread > (wideSpreadFactor * avgSpread));
rec isNarrowSpreadBar = (spread < (narrowSpreadFactor * avgSpread));
# Price information
rec isUpBar = close > close[1];
rec isDownBar = close < close[1];
# Check if the close is in the Highs/Lows/Middle of the bar.
# C_RP 20100809
# original code - def x1 = if (close == low) then avgSpread else (spread / (clos
e - low));
def x1 = if (high==low) then 2.0 else if (close == low) then 2.65 else (spread /
(close - low));
# C_RP try the line below with various divisors totalSum result in a minimum of
2.3 on a spread of 1 pip instead of using a fixed 2.3 as in the line above
# def x1 = if (high==low) then 2.0 else if (close == low) then (spread / 0.43 )
else (spread / (close - low));

def isUpCloseBar = (x1 < 2);

def isDownCloseBar = (x1 > 2);
def isMidCloseBar = (x1 < 2.2 && x1 > 1.8);
def isVeryHighCloseBar = (x1 < 1.35);
# C_RP 20100809 added isVeryLowCloseBar
def isVeryLowCloseBar = (x1 >= 2.65);
# Trend Definitions
rec fiveDaysSma = compoundValue(5, Average(close, 5)[0], Double.NaN);
def LongTermTrendSlope = LinearRegressionSlope(price = fiveDaysSma, length = 40)
[0];
def MiddleTermTrendSlope = LinearRegressionSlope(price = fiveDaysSma, length = 1
5)[0];
def ShortTermTrendSlope = LinearRegressionSlope(price = fiveDaysSma, length = 5)
[0];
######################################################################
# VSA Definitions
# utbar
rec isUpThrustBar = isWideSpreadBar && isDownCloseBar && ShortTermTrendSlope >
0;
# utcond1
def upThrustConditionOne = (isUpThrustBar[1] && isDownBar);
# utcond2
def upThrustConditionTwo = (isUpThrustBar[1] && isDownBar[0] && volume > volume[
1]);
# utcond3
def upThrustConditionThree = (isUpThrustBar[0] && volume > 2 * sAvgVolume[0]);
# scond1
rec isConfirmedUpThrustBar = (upThrustConditionOne OR upThrustConditionTwo OR up
ThrustConditionThree);

# scond
rec isNewConfirmedUpThrustBar = (isConfirmedUpThrustBar[0] && !isConfirmedUpThru
stBar[1]);
# Two Period UpThrust Bar
rec isTwoPerUpT = isUpBar[1] && isWideSpreadBar[1] && isDownBar[0] && isDownClo
seBar[0] && !isUpThrustBar[0] && (absValue(open[1] - close[0]) < (GdojiFactor *
spread[1])) ;
# Three Period UpThrust Bar
rec isThreePerUpT = isUpBar[2] && isWideSpreadBar[2] && isDownBar[0] && isDownC
loseBar[0] && !isUpThrustBar[0] && (absValue(open[2] - close[0]) < (GdojiFactor
* spread[2])) ;
# C_RP 20100816
# rec isGraveDojiBar = (spread > avgSpread) && (open == low) && (close == low);
totally strict Gravestone Doji. Revised version below identifies a candle with a
bove average spread, a real body smaller than 20% of the spread, and a lower wic
k less than 10% of the spread as a Gravestone Doji pictured as a white triangle
above the candle.
rec isGraveDojiBar = (spread > avgSpread) && (absValue(open - close) < (GdojiFac
tor * spread)) && ((absValue(close - low) < (WickFactor * spread)) or (absValue
(open - low) < (WickFactor * spread))); # less strict Gravestone Doji
# trbar
def reversalLikelyBar = (volume[1] > sAvgVolume[0] && isUpBar[1] && isWideSpread
Bar[1] && isDownBar[0] && isDownCloseBar && isWideSpreadBar[0] && LongTermTrendS
lope > 0 && high == Highest(high, 10)[0]);
# hutbar
rec isPseudoUpThrustBar = (isUpBar[1] && (volume[1] > aboveAvgVolfactor * sAvgVo
lume[0]) && isDownBar[0] && isDownCloseBar && !isWideSpreadBar[0] && !isUpThrust
Bar[0]);
# hutcond
def pseudoUpThrustConfirmation = (isPseudoUpThrustBar[1] && isDownBar[0] && isDo
wnCloseBar && !isUpThrustBar[0]);
# C_RP Failed UpThrustConfirmation or pseudoUpThrustConfirmation occurs when the
close of bar following such confirmation is not lower than the close of the con
firmation bar
rec isFailedUpThrustConfirmation = (isNewConfirmedUpThrustBar[1] or pseudoUpThru
stConfirmation[1]) && close[0] >= close[1];
# tcbar
def weaknessBar = (isUpBar[1] && high[0] == Highest(high, 5)[0] && isDownBar[0]
&& (isDownCloseBar OR isMidCloseBar) && volume[0] > sAvgVolume[0] && !isWideSpre
adBar[0] && !isPseudoUpThrustBar[0]);
# stdn, stdn0, stdn1, stdn2
def strengthInDownTrend = (volume[0]
&& (isUpCloseBar OR isMidCloseBar) &&
Slope < 0);
def strengthInDownTrend0 = (volume[0]
&& (isUpCloseBar OR isMidCloseBar) &&
Slope < 0 && LongTermTrendSlope < 0);
def strengthInDownTrend1 = (volume[0]

> volume[1] && isDownBar[1] && isUpBar[0]

ShortTermTrendSlope < 0 && MiddleTermTrend
> volume[1] && isDownBar[1] && isUpBar[0]
ShortTermTrendSlope < 0 && MiddleTermTrend
> (sAvgVolume[0] * aboveAvgVolfactor) && i

sDownBar[1] && isUpBar[0] && (isUpCloseBar OR isMidCloseBar) && ShortTermTrendSl

ope < 0 && MiddleTermTrendSlope < 0 && LongTermTrendSlope < 0);
def strengthInDownTrend2 = (volume[1] < sAvgVolume[0] && isUpBar[0] && isVeryHig
hCloseBar && volume[0] > sAvgVolume[0] && ShortTermTrendSlope < 0);
rec bycond1 = (strengthInDownTrend OR strengthInDownTrend1);
# bycond
def isStrengthConfirmationBar = (isUpBar[0] && bycond1[1]);
# bycond2 C_RP UpClose on higher volume with all slopes down adds extra strength
def isStrengthConfirmationBar2 = (isUpBar[0] && isUpCloseBar[0] && volume[0] > v
olume[1] && longtermtrendslope < 0 && bycond1[1]);
# Failed strength in downtrend signal force a follow-up bar that closes below mi
d-point of confirmaton bar C_RP
def isFailedStrengthSignal = (isStrengthConfirmationBar[1] or isStrengthConfirma
tionBar2[1] or strengthinDownTrend2[1])&& close[0] <= (close[1] - (spread[1]/2))
;
# stvol
def stopVolBar = low[0] == Lowest(low, 5)[0] && (isUpCloseBar OR isMidCloseBar)
&& volume[0] > aboveAvgVolfactor * sAvgVolume[0] && LongTermTrendSlope < 0;
# ndbar, nsbar
def noDemandBar = (isUpBar[0] && isNarrowSpreadBar[0] && isTwoDaysLowVol && isDo
wnCloseBar);
# C_RP 20100809
# def noSupplyBar = (isDownBar[0] && isNarrowSpreadBar[0] && isTwoDaysLowVol &&
isDownCloseBar);
def noSupplyBar = (isDownBar[0] && isNarrowSpreadBar[0] && isTwoDaysLowVol && is
UpCloseBar);
# lvtbar, lvtbar1, lvtbar2
rec supplyTestBar = (isTwoDaysLowVol && low[0] < low[1] && isUpCloseBar);
def supplyTestInUpTrendBar = (volume[0] < sAvgVolume[0] && Low[0] < Low[1] && is
UpCloseBar && LongTermTrendSlope > 0 && MiddleTermTrendSlope > 0 && isWideSpread
Bar[0]);
def successfulSupplyTestBar = (supplyTestBar[1] && isUpBar[0] && isUpCloseBar);
def successfulSupplyTestBar2 = (successfulsupplyTestBar[1] && isUpBar[0] && x1 <
= 2 && volume[0] > volume[1]); # C_RP x1 finds Mid and UpCloseBars
# dbar
def distributionBar = (volume[0] > ultraHighVolfactor * sAvgVolume[0] && isDownC
loseBar && isUpBar[0] && ShortTermTrendSlope > 0 && MiddleTermTrendSlope > 0 &&
!isConfirmedUpThrustBar[0] && !isUpThrustBar[0]);
# eftup, eftupfl, eftdn
def effortToMoveUpBar = (high[0] > high[1] && low[0] > low[1] && Close[0] > Clos
e[1] && Close[0] >= ((high[0] - low[0]) * highCloseFactor + low[0]) && spread[0]
> avgSpread && volume[0] > volume[1]);
def failedEffortUpMove = (effortToMoveUpBar[1] && (isUpThrustBar[0] OR upThrustC
onditionOne OR upThrustConditionTwo OR upThrustConditionThree));
def effortToMoveDownBar = (high[0] < high[1] && low[0] < low[1] && close[0] < cl
ose[1] && Close[0] <= ((high[0] - low[0]) * lowCloseFactor + low[0]) && spread[0
] > avgSpread && volume[0] > volume[1]);

######################################################################
# set the shapes on the graph
# upthurst and NOT confirmed - red square on top
plot upThrustBarPlot = if isUpThrustBar[0] AND !isNewConfirmedUpThrustBar[0] the
n (high + 2 * tickSize()) else Double.NAN;
upThrustBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
upThrustBarPlot.SetStyle(Curve.POINTS);
upThrustBarPlot.SetDefaultColor(Color.Red);
upThrustBarPlot.HideBubble();
upThrustBarPlot.HideTitle();
# C_RP 20100816
# any instance of a Gravestone Doji - white triangle on top
plot GraveDojiBarPlot = if isGraveDojiBar[0] then (high +4 * tickSize()) else Do
uble.NAN;
GraveDojiBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
GraveDojiBarPlot.SetStyle(Curve.POINTS);
GraveDojiBarPlot.SetDefaultColor(CreateColor(255,255,255));
GraveDojiBarPlot.HideBubble();
GraveDojiBarPlot.HideTitle();
# C_RP
# Two Period UpThrust Plot - magenta triangle high on top
plot TwoPerUpTPlot = if isTwoPerUpT[0] then (high + 4 * tickSize()) else Double
.NAN;
TwoPerUpTPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
TwoPerUpTPlot.SetStyle(Curve.POINTS);
TwoPerUpTPlot.SetDefaultColor(Color.magenta);
TwoPerUpTPlot.HideBubble();
TwoPerUpTPlot.HideTitle();
# C_RP
# Three Period UpThrust Plot - magenta triangle high on top
plot ThreePerUpTPlot = if isThreePerUpT[0] then (high + 4 * tickSize()) else Do
uble.NAN;
ThreePerUpTPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
ThreePerUpTPlot.SetStyle(Curve.POINTS);
ThreePerUpTPlot.SetDefaultColor(Color.magenta);
ThreePerUpTPlot.HideBubble();
ThreePerUpTPlot.HideTitle();
# reversal likely - blue diamond on top C_RP red 6 * ticksize
plot reversalLikelyBarPlot = if reversalLikelyBar then (high + 6 * tickSize()) e
lse Double.NAN;
reversalLikelyBarPlot.SetPaintingStrategy(PaintingStrategy.POINTS);
reversalLikelyBarPlot.SetDefaultColor(Color.Red);
reversalLikelyBarPlot.HideBubble();
reversalLikelyBarPlot.HideTitle();
# new confirmed upthrust bar - red triangle (down) on top C_RP for upThrustCondi
tionOne only
plot isNewConfirmedUpThrustBarPlot = if isNewConfirmedUpThrustBar && upThrustCon
ditionOne then (high + 2 * tickSize()) else Double.NAN;
isNewConfirmedUpThrustBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIAN
GLES);
isNewConfirmedUpThrustBarPlot.SetDefaultColor(Color.Red);
isNewConfirmedUpThrustBarPlot.HideBubble();
isNewConfirmedUpThrustBarPlot.HideTitle();

# new confirmed upthrust bar - red triangle (down) on top C_RP red arrow down at
4 * tickSize for conditions 2 and 3
plot isNewConfirmedUpThrustBarPlot23 = if isNewConfirmedUpThrustBar && (upThrust
ConditionTwo or upThrustConditionThree) then (high + 4 * tickSize()) else Double
.NAN;
isNewConfirmedUpThrustBarPlot23.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN)
;
isNewConfirmedUpThrustBarPlot23.SetDefaultColor(Color.Red);
isNewConfirmedUpThrustBarPlot23.HideBubble();
isNewConfirmedUpThrustBarPlot23.HideTitle();
# strength in down trend - lime square on bottom C_RP cyan for weakest strengthI
nDownTrend
plot strengthInDownTrendPlot = if strengthInDownTrend then (low - 4 * tickSize()
) else Double.NAN;
strengthInDownTrendPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
strengthInDownTrendPlot.SetDefaultColor(Color.cyan);
strengthInDownTrendPlot.HideBubble();
strengthInDownTrendPlot.HideTitle();
# strength in down trend - lime square on bottom C_RP for next-to-weakest streng
thInDownTrend
plot strengthInDownTrend1Plot = if strengthInDownTrend1 then (low - 4 * tickSize
()) else Double.NAN;
strengthInDownTrend1Plot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
strengthInDownTrend1Plot.SetDefaultColor(Color.green);
strengthInDownTrend1Plot.HideBubble();
strengthInDownTrend1Plot.HideTitle();
# supply test in up trend - lime square on bottom of the bar C_RP grey
plot supplyTestInUpTrendBarPlot = if supplyTestInUpTrendBar then (low - 4 * tick
Size()) else Double.NAN;
supplyTestInUpTrendBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES)
;
supplyTestInUpTrendBarPlot.SetDefaultColor(CreateColor(153,153,153));
supplyTestInUpTrendBarPlot.HideBubble();
supplyTestInUpTrendBarPlot.HideTitle();
# successful test for supply - yellow triangle up on bottom of the bar C_RP cyan
plot successfulSupplyTestBarPlot = if successfulSupplyTestBar or successfulSuppl
yTestBar2 then (low - 2 * tickSize()) else Double.NAN;
successfulSupplyTestBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGL
ES);
successfulSupplyTestBarPlot.SetDefaultColor(Color.cyan);
successfulSupplyTestBarPlot.HideBubble();
successfulSupplyTestBarPlot.HideTitle();
# successful test for supply - yellow triangle up on bottom of the bar C_RP cyan
double triangle for strong follow-up bar
plot successfulSupplyTestBarPlot2 = if successfulSupplyTestBar2 then (low - 4 *
tickSize()) else Double.NAN;
successfulSupplyTestBarPlot2.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANG
LES);
successfulSupplyTestBarPlot2.SetDefaultColor(Color.cyan);
successfulSupplyTestBarPlot2.HideBubble();
successfulSupplyTestBarPlot2.HideTitle();
# stopping volume green (diamond) circle at bottom of bar
plot stopVolBarPlot = if stopVolBar then (low - 2 * tickSize()) else Double.NAN;
stopVolBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);

stopVolBarPlot.SetDefaultColor(Color.green);
stopVolBarPlot.HideBubble();
stopVolBarPlot.HideTitle();
# green triangle up at bottom of the bar C_RP Green arrow up 4 * tickSize for st
rong strength_In_DownTrend
plot isStrengthConfirmationBarPlot = if isStrengthConfirmationBar then (low - 4
* tickSize()) else Double.NAN;
isStrengthConfirmationBarPlot.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
isStrengthConfirmationBarPlot.SetDefaultColor(Color.green);
isStrengthConfirmationBarPlot.HideBubble();
isStrengthConfirmationBarPlot.HideTitle();
# green triangle up at bottom of the bar C_RP Green arrow up 7 * tickSize for st
rongest strength_In_DownTrend with isUpCloseBar
plot isStrengthConfirmationBarPlot2 = if isStrengthConfirmationBar2 then (low 7 * tickSize()) else Double.NAN;
isStrengthConfirmationBarPlot2.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
isStrengthConfirmationBarPlot2.SetDefaultColor(Color.green);
isStrengthConfirmationBarPlot2.HideBubble();
isStrengthConfirmationBarPlot2.HideTitle();
# blue square at top of bar C_RP orange
plot isPseudoUpThrustBarPlot = if isPseudoUpThrustBar then (high + 2 * tickSize(
)) else Double.NAN;
isPseudoUpThrustBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
isPseudoUpThrustBarPlot.SetDefaultColor(CreateColor(255,102,102));
isPseudoUpThrustBarPlot.HideBubble();
isPseudoUpThrustBarPlot.HideTitle();
# blue triangle (down) at top of bar C_RP orange
plot pseudoUpThrustConfirmationPlot = if pseudoUpThrustConfirmation then (high +
2 * tickSize()) else Double.NAN;
pseudoUpThrustConfirmationPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIA
NGLES);
pseudoUpThrustConfirmationPlot.SetDefaultColor(CreateColor(255,102,102));
pseudoUpThrustConfirmationPlot.HideBubble();
pseudoUpThrustConfirmationPlot.HideTitle();
# Failed UpthrustBarPlot Confirmation plots a green square 2 * tickSize above th
e failed bar C_RP
plot FailedUpThrustConfirmationPlot = if isFailedUpthrustConfirmation then (high
+ 2 * tickSize()) else Double.NAN;
FailedUpThrustConfirmationPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUA
RES);
FailedUpThrustConfirmationPlot.SetDefaultColor(Color.green);
FailedUpThrustConfirmationPlot.HideBubble();
FailedUpThrustConfirmationPlot.HideTitle();
# yellow triangle (down) at top of bar
plot weaknessBarPlot = if weaknessBar then (high + 2 * tickSize()) else Double.N
AN;
weaknessBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
weaknessBarPlot.SetDefaultColor(Color.yellow);
weaknessBarPlot.HideBubble();
weaknessBarPlot.HideTitle();
# aqua triangle up at bottom of bar C_RP green triangle for next-to-strongest st
rengthInDownTrend
plot strengthInDownTrend2Plot = if strengthInDownTrend2 then (low - 2 * tickSize

()) else Double.NAN;

strengthInDownTrend2Plot.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES)
;
strengthInDownTrend2Plot.SetDefaultColor(Color.green); # ????
strengthInDownTrend2Plot.HideBubble();
strengthInDownTrend2Plot.HideTitle();
# Failed strength in downtrend signal plots red square at candle's bottom. Under
rare conditions a strengthinDownTrend2 green triangle can be overwritten by a s
uccessfulsupplyTest cyan triangle below the previous bar. If the bar following t
he cyan triangle is a FailedStrengthSignal a red square will be plotted on the f
ollowing bar which is a desirable artifact of this coincidence. C_RP
plot failedstrengthsignalPlot = if isfailedstrengthsignal then (low - 2 * tickSi
ze()) else Double.NAN;
failedstrengthsignalPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
failedstrengthsignalPlot.SetDefaultColor(Color.red);
failedstrengthsignalPlot.HideBubble();
failedstrengthsignalPlot.HideTitle();
# distribution at end of uptrend - blue square on top C_RP magenta
plot distributionBarPlot = if distributionBar then (high + 2 * tickSize()) else
Double.NAN;
distributionBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
distributionBarPlot.SetDefaultColor (Color.magenta);
distributionBarPlot.HideBubble();
distributionBarPlot.HideTitle();
# supply test bar - pink square on bottom C_RP white
plot supplyTestBarPlot = if supplyTestBar then (low - 2 * tickSize()) else Doubl
e.NAN;
supplyTestBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
supplyTestBarPlot.SetDefaultColor(Color.white);
supplyTestBarPlot.HideBubble();
supplyTestBarPlot.HideTitle();
# no demand bar - blue squre on top C_RP orange circle
plot noDemandBarPlot = if noDemandBar then (high + 2 * tickSize()) else Double.N
AN;
noDemandBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
noDemandBarPlot.SetDefaultColor(CreateColor(255,102,102));
noDemandBarPlot.HideBubble();
noDemandBarPlot.HideTitle();
# no supply bar - lime diamond on bottom C_RP turquoise
plot noSupplyBarPlot = if noSupplyBar then (low - 2 * tickSize()) else Double.NA
N;
noSupplyBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
noSupplyBarPlot.SetDefaultColor (Color.cyan);
noSupplyBarPlot.HideBubble();
noSupplyBarPlot.HideTitle();
# effort to move up - turquoise diamond in the median of the bar C_RP green
plot effortToMoveUpBarPlot = if effortToMoveUpBar then (median) else Double.NAN;
effortToMoveUpBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
effortToMoveUpBarPlot.SetDefaultColor(CreateColor(0, 255, 0));
effortToMoveUpBarPlot.HideBubble();
effortToMoveUpBarPlot.HideTitle();
# effort to move down - yellow diamond in the median of the bar C_RP for all exc

ept red bars the circle's color is magenta

plot effortToMoveDownBarPlot = if effortToMoveDownBar && !(shortTermTrendSlope <
0 && MiddleTermTrendSlope < 0 && longTermTrendSlope < 0) then (median) else Dou
ble.NAN;
effortToMoveDownBarPlot.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
effortToMoveDownBarPlot.SetDefaultColor(Color.magenta);
effortToMoveDownBarPlot.HideBubble();
effortToMoveDownBarPlot.HideTitle();
# effort to move down - yellow diamond in the median of the bar C_RP yellow circ
le for Red bars
plot effortToMoveDownBarPlotYel = if effortToMoveDownBar && shortTermTrendSlope
< 0 && MiddleTermTrendSlope < 0 && longtermtrendslope < 0 then (median) else Dou
ble.NAN;
effortToMoveDownBarPlotYel.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
effortToMoveDownBarPlotYel.SetDefaultColor(Color.yellow);
effortToMoveDownBarPlotYel.HideBubble();
effortToMoveDownBarPlotYel.HideTitle();

######
# Candle definitions
AssignPriceColor( if colorBars and shortTermTrendSlope > 0 and MiddleTermTrendSl
ope > 0 and longtermtrendslope > 0 then CreateColor(0, 255, 0)
else if colorBars and shortTermTrendSlope > 0 and MiddleTermTrendSlope > 0 and
longtermtrendslope < 0 then Color.green else if
colorBars and shortTermTrendSlope > 0 and MiddleTermTrendSlope < 0 and longtermt
rendslope < 0 then CreateColor(153, 255, 153) else if
colorBars and shortTermTrendSlope < 0 and MiddleTermTrendSlope < 0 and longtermt
rendslope < 0 then Color.red else if
colorBars and shortTermTrendSlope < 0 and MiddleTermTrendSlope > 0 and longtermt
rendslope > 0 then CreateColor(153, 255, 153) else if
colorBars and shortTermTrendSlope < 0 and MiddleTermTrendSlope < 0 and longtermt
rendslope > 0 then color.orange
else if colorBars then Color.yellow else GetColor(7));
#######
# Trend Text Definitions
# C_RP 20100722 edited by Richard Paske to shorten text
# C_RP some colors changed to match symbols with text backgrounds
AddChartLabel(trendText, concat("Vol: ", if volume > sAvgVolume[0] + 2.0 * sAvgV
olumeSTD then "VH"
else if Volume[0] > (sAvgVolume[0] + 1.0 * sAvgVolumeSTD) then "H"
else if (Volume[0] > sAvgVolume[0]) then ">Avg"
else if (Volume[0] < sAvgVolume[0] && Volume[0] > (sAvgVolume[0] - 1.0 * sAv
gVolumeSTD)) then "<Avg"
else if (Volume[0] < (sAvgVolume[0] - 1.0 * sAvgVolumeSTD)) then "L"
else ""), Color.white);
AddChartLabel(trendText, concat("Spr: ", if (spread > (avgSpread * 2.0)) then "W
"
else if (spread > avgSpread) then ">Avg"
else "N"), Color.white);
# C_RP 20100809 added isVeryLowCloseBar and changed execution order so that both
Verys and Mid execute first
AddChartLabel(trendText, concat("Cls: ", if (isVeryHighCloseBar) then "VH"

else if (isVeryLowCloseBar) then "VL"

else if (isMidCloseBar) then "M"
else if (isUpCloseBar) then "H"
else if (isDownCloseBar) then "D"
else "NC"), Color.white);
AddChartLabel(trendText, concat("Trd: ", concat("St-", if (ShortTermTrendSlope >
0) then "U"
else "D")), Color.white);
AddChartLabel(trendText, concat("Mt-", if (MiddleTermTrendSlope > 0) then "U" el
se "D"), Color.white);
AddChartLabel(trendText, concat("Lt-", if (LongTermTrendSlope > 0) then "U" else
"D"), Color.white);
######
# Volume Bar Definitions
AddChartLabel(volumeDefinitions, if isUpThrustBar[0] then "An Upthrust Bar. A si
gn of weakness."
else if upThrustConditionOne then "A downbar after an Upthrust. Confirm weak
ness."
else if upThrustConditionTwo && !upThrustConditionOne then "A High Volume do
wnbar after an Upthrust. Confirm weakness."
else if upThrustConditionThree then "This upthrust at very High Volume, Conf
irms weakness"
else if isTwoPerUpT then "Two Period UpThrust indicates weakness"
else if isThreePerUpT then "Three Period UpThrust indicates weakness"
else if isGraveDojiBar then "Gravestone Doji, watch for potential reversal"
else if strengthInDownTrend1 then "Strength seen returning after a down tren
d. High volume adds to strength. "
else if strengthInDownTrend0 && !strengthInDownTrend then "Strength seen ret
urning after a down trend."
else if strengthInDownTrend && !strengthInDownTrend1 then "Strength seen ret
urning after a long down trend."
else if supplyTestBar[0] then "Test for supply."
else if successfulSupplyTestBar[0] then "An Upbar closing near High after a
Test confirms strength."
else if isStrengthConfirmationBar then "An Upbar indicates a return of Stren
gth."
else if isStrengthConfirmationBar2 then "An Upbar closing near High confirms a r
eturn of Strength."
else if isfailedstrengthsignal then "Failed Strength Confirmation in downtrend i
s bearish."
else if distributionBar then "A High Volume Up Bar closing down in a uptrend
shows Distribution."
else if isPseudoUpThrustBar[0] then "Psuedo UpThrust. A Sign of Weakness."
else if pseudoUpThrustConfirmation then "A Down Bar closing down after a Pse
udo Upthrust confirms weakness."
else if isFailedUpthrustConfirmation then "Failed Upthrust or pseudoUpThrust Co
nfirmation is less bearish."
else if supplyTestInUpTrendBar then "Test for supply in a uptrend. Sign of S
trength."
else if strengthInDownTrend2 then "High volume upbar closing on the high ind
icates strength."
else if weaknessBar then "High volume Downbar after an upmove on high volume
indicates weakness."
else if noDemandBar then "No Demand. A sign of Weakness."

else
else
else
else

if
if
if
if

noSupplyBar then "No Supply. A sign of Strength."

effortToMoveUpBar[0] then "Effort to Rise. Bullish sign."
effortToMoveDownBar then "Effort to Fall. Bearish sign."
failedEffortUpMove then "Effort to Move up has failed. Bearish sign.

"
else if stopVolBar then "Stopping volume. Normally indicates end of bearishn
ess is nearing."
else "",
if isUpThrustBar[0] then Color.Red
else if upThrustConditionOne then Color.red
else if upThrustConditionTwo && !upThrustConditionOne then Color.red
else if upThrustConditionThree then Color.red
else if isTwoPerUpT then Color.magenta
else if isThreePerUpT then Color.magenta
else if isGraveDojiBar then CreateColor(255,255,255)
else if strengthInDownTrend1 then Color.green
else if strengthInDownTrend0 && !strengthInDownTrend then Color.cyan
else if strengthInDownTrend && !strengthInDownTrend1 then Color.cyan
else if isFailedStrengthSignal then Color.red
else if supplyTestBar[0] then Color.white
else if successfulSupplyTestBar[0] then CreateColor(102,255,0)
else if isStrengthConfirmationBar then Color.Green
else if distributionBar then Color.magenta
else if isPseudoUpThrustBar[0] then (CreateColor(255,102,102))
else if pseudoUpThrustConfirmation then (CreateColor(255,102,102))
else if isFailedUpThrustConfirmation then (Color.green)
else if supplyTestInUpTrendBar then CreateColor(153,153,153)
else if strengthInDownTrend2 then Color.green
else if weaknessBar then Color.Yellow
else if noDemandBar then CreateColor(255,102,102)
else if noSupplyBar then Color.cyan
else if effortToMoveUpBar[0] then CreateColor(0, 255,0)
else if effortToMoveDownBar then Color.magenta
else if failedEffortUpMove then Color.Blue
else if stopVolBar then Color.green
else Color.black);
########
# Alerts
alert(if alerts and (isUpThrustBar[0]
or upThrustConditionOne
or (upThrustConditionTwo && !upThrustConditionOne)
or upThrustConditionThree
or strengthInDownTrend1
or (strengthInDownTrend0 && !strengthInDownTrend)
or (strengthInDownTrend && !strengthInDownTrend1)
or supplyTestBar[0]
or successfulSupplyTestBar[0]
or isStrengthConfirmationBar
or distributionBar
or isPseudoUpThrustBar[0]
or pseudoUpThrustConfirmation
or supplyTestInUpTrendBar
or strengthInDownTrend2
or weaknessBar
or noDemandBar
or noSupplyBar
or effortToMoveUpBar[0]
or effortToMoveDownBar

or failedEffortUpMove
or stopVolBar) then 1 else 0, if isUpThrustBar[0] then "An Upthrust Bar. A
sign of weakness."
else if upThrustConditionOne then "A downbar after an Upthrust. Confirm weak
ness."
else if upThrustConditionTwo && !upThrustConditionOne then "A High Volume do
wnbar after an Upthrust. Confirm weakness."
else if upThrustConditionThree then "This upthrust at very High Volume, Conf
irms weakness."
else if strengthInDownTrend1 then "Strength seen returning after a down tren
d. High volume adds to strength. "
else if strengthInDownTrend0 && !strengthInDownTrend then "Strength seen ret
urning after a down trend."
else if strengthInDownTrend && !strengthInDownTrend1 then "Strength seen ret
urning after a long down trend."
else if supplyTestBar[0] then "Test for supply."
else if successfulSupplyTestBar[0] then "An Upbar closing near High after a
Test confirms strength."
else if isStrengthConfirmationBar then "An Upbar closing near High. Confirms
return of Strength."
else if distributionBar then "A High Volume Up Bar closing down in a uptrend
shows Distribution."
else if isPseudoUpThrustBar[0] then "Psuedo UpThrust. A Sign of Weakness."
else if pseudoUpThrustConfirmation then "A Down Bar closing down after a Pse
udo Upthrust confirms weakness."
else if supplyTestInUpTrendBar then "Test for supply in a uptrend. Sign of S
trength."
else if strengthInDownTrend2 then "High volume upbar closing on the high ind
icates strength."
else if weaknessBar then "High volume Downbar after an upmove on high volume
indicates weakness."
else if noDemandBar then "No Demand. A sign of Weakness."
else if noSupplyBar then "No Supply. A sign of Strength."
else if effortToMoveUpBar[0] then "Effort to Rise. Bullish sign."
else if effortToMoveDownBar then "Effort to Fall. Bearish sign."
else if failedEffortUpMove then "Effort to Move up has failed. Bearish sign.
"
else if stopVolBar then "Stopping volume. Normally indicates end of bearishn
ess is nearing."
else "", Alert.BAR, Sound.Ding);
# Red Square
# Blue Diamond
d up bar, but
#
d down bar.
# Red Triangle Down
# Lime Square
or a supply
#
# Yellow Triangle Up
th.
# Lime Diamond
is nearing
#
# Lime Triangle Up
onfirms strength.
# Blue Square
Up Bar closing
#

- UpThrust bar.
- Reversal possible, yesterday was high volume wide sprea
today we reached 10 days high with low close wide sprea
- UpThrust confirmation.
- Strength bar (either strength is showing in down trend
test in up trend).
- An Upbar closing near High after a Test confirms streng
- Stopping volume. Normally indicates end of bearishness
/OR/ No supply.
- The previous bar saw strength coming back, This upbar c
- Psuedo UpThrust, A Sign of Weakness /OR/ A High Volume
down in a uptrend shows Distribution /OR/ No Demand.

# Blue Triangle Down

s weakness.
# Yellow Triangle Down
cates weakness.
# Aqua Triangle Up
h (in short
#
# Deep Pink Square
# Turquoise Diamond
# Yellow Diamond

- A Down Bar closing down after a Pseudo Upthrust confirm

- High volume Downbar after an upmove on high volume indi
- High volume upbar closing on the high indicates strengt
term down trend).
- Test for supply.
- Effort to Rise. Bullish sign.
- Effort to Fall. Bearish sign.