LazyBear

Belkhayate Timing [LazyBear]

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

I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - 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 (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:
www.forexfactor.../attachment.php?attachment...

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

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

想在图表上使用此脚本?
//
// @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)