LazyBear

Belkhayate Timing [LazyBear]

--- Update April 11, 2015 ----

I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - http://pastebin.com/fVx5Bugi

Changes:
--------------
- Switch between plain candles and colored oscillator candles.
- Switch between candles and plain oscillator view.


--- Original Description ---

Belkhayate Timing, by Mostafa Belkhayate, is very famous in the Forex groups. This is a port from one of the MT4 versions available. If you have used this in other platforms, do let me know if this looks compared to those.

The usage is similar to that of ValueChart (https://www.tradingview.com/v/vqWXNNq2/). The middle area is the centroid or neutral area, the shaded regions (red/green) are extreme and beyond those are AlertZones. This seems to be used in conjunction with his other indicators, but, in my limited testing, I have seen this give a lot of good signals, especially on divergences.

Indicator allows coloring bars based on the oscillator position or show oscillator histogram (Check the options page).

Histogram=ON:

No Oscillator Smoothing:

@TheMightyChicken Can you do your candle magic on this oscillator too, just like you did for ValueChart? :)

More Info:
http://www.forexfactory.com/attachment.p...

List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//

study("Belkhayate Timing [LazyBear]", shorttitle="BT_LB", overlay=false)
showHLC=input(true, title="Smooth Osc?"), showHisto=input(false, title="Show Histogram?")
Range1=input(4), Range2=input(8), ebc=input(false, title="Enable Barcolors")
middle = (((high + low) / 2) + ((high[1] + low[1]) / 2) + ((high[2] + low[2]) / 2) + ((high[3] + low[3]) / 2) + ((high[4] + low[4]) / 2)) / 5
scale = (((high - low) + (high[1] - low[1]) + (high[2] - low[2]) + (high[3] - low[3]) + (high[4] - low[4])) / 5) * 0.2
h = (high - middle) / scale
l = (low - middle) / scale 
o = (open - middle) / scale
c = (close - middle) / scale
ht=showHLC?avg(h, l, c):c
plot(0, title="ZeroLine", color=gray)
l1=plot(Range1, title="SellLine1", color=gray)
l2=plot(Range2, title="SellLine2", color=gray)
l3=plot(-Range1, title="BuyLine1", color=gray)
l4=plot(-Range2, title="BuyLine2", color=gray)
fill(l1,l2,red, title="OBZone"), fill(l3,l4, lime, title="OSZone")
plot(showHisto?ht:na, style=histogram, title="BTOscHistogram", linewidth=1, color=ht>0?green:red) 
plot(ht, style=line, title="BTOsc", linewidth=3, color=gray) 
bc=ht>0?(ht>=Range2?blue:(ht>=Range1?green:lime)):(ht<=-Range2?blue:(ht<=-Range1?maroon:red))
barcolor(ebc?bc:na)
plot(ht, style=linebr, title="BTOsc", linewidth=3, color=gray) 
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

תגובות

we need belkhayate regression curve
+6 השב
LB, imo your InSync indicator blows this one out of the water.

I'm looking forward to you publishing the Shadow Channels indicator and will be happy to top up your tip jar again when I get it.
+1 השב
LazyBear Futuraman
+1, Insync is a very good one, I agree.

ShadowChannel is in the queue, will publish soon :)
+1 השב
manamemeemee Futuraman
@Futuraman, I'm intrested in shadow channels, but I can't find anything about them on the Internet... Can you tell me more about it ?
השב
drrumpy manamemeemee
@manamemeemee, Did you ever find any additional information on this cool indi LB was working on?
השב
@drrumpy, nope
השב
Thanks @TheMightyChicken.

I have merged in the code and added some more options. Updated source here - http://pastebin.com/fVx5Bugi

Changes:
--------------
- Switch between plain candles and colored oscillator candles.
- Switch between candles and plain oscillator view.

+1 השב
Here you go. :)

// Body
bHigh = o > c ? o : c
bLow = o < c ? o : c
b0 = (o > 0 and c > 0) or (o > 0 and c < 0) ? bHigh : (o < 0 and c < 0) or (o < 0 and c > 0) ? bLow : 0
b1 = o < 0 and c > 0 ? bHigh : o > 0 and c < 0 ? bLow : 0
bCover = o > 0 and c > 0 ? bLow : o < 0 and c < 0 ? bHigh : 0
plot(b0, linewidth=3, color=silver, style=histogram)
plot(b1, linewidth=3, color=silver, style=histogram)
plot(bCover, linewidth=3, color=white, style=histogram)
// Wick
w0 = h > 0 ? h : l
w1 = h > 0 and l < 0 ? l : h
wCover = h > 0 and l > 0 ? l : h < 0 and l < 0 ? h : 0
plot(w0, linewidth=1, color=silver, style=histogram)
plot(w1, linewidth=1, color=silver, style=histogram)
plot(wCover, linewidth=1, color=white, style=histogram)
+1 השב
PoshTrader PoshTrader
For some reason I can't write entire script here. I sent you pm.
+2 השב
@tmc, plz send the script to me
השב