Created
September 18, 2021 08:23
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CTO Line indicator for TradingView
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//@version=4 | |
study(title="CTO Line", shorttitle="CTO", overlay=true, resolution="") | |
smma(src, length) => | |
smma = 0.0 | |
smma := na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length | |
smma | |
v1 = smma(hl2, 15) | |
m1 = smma(hl2, 19) | |
m2 = smma(hl2, 25) | |
v2 = smma(hl2, 29) | |
p2 = v1<m1 != v1<v2 or m2<v2 != v1<v2 | |
p3 = not p2 and v1<v2 | |
p1 = not p2 and not p3 | |
c = p1 ? color.orange : p2 ? color.silver : color.navy | |
line1 = plot(v1, "Line 1", color=c) | |
line2 = plot(v2, "Line 2", color=c) | |
fill(line1, line2, color=c) |
Hi @BreWep its clear you have respect for Larsson. i do too.. his course price is just too steep for me.
do you have any content from his course fundamentals that you could share.
it would really help. and thanks for the help on the pine editor for the larsson line.
BTW he says that the indicator is free the course is paid so no need to feel guilty of using this source code
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Worked great!! Thanks.