LRx2 v3
study("LRx2 v3",overlay=true) Len_ma=input(56,title="len") m=input(title="LR multiplier",defval=1) Len_LR=Len_ma*m LR_offset=input(0) ema= input(defval=false,title='use ema instead of sma?') ma1 = ema ? ema(high,Len_ma) : sma(high,Len_ma) ma2 = ema ? ema(low,Len_ma) : sma(low,Len_ma) //m1=plot(show_2xMA ? ma1:na,color=gray, linewidth=2) //m2=plot(show_2xMA ? ma2: na,color=gray, linewidth=2) mm = ema ? ema(close,Len_ma) : sma(close,Len_ma) mm_p = plot(mm,style=areabr,transp=100) mm_p1 = plot(mm,style=line,transp=100,color=black) z1=linreg(high,Len_LR,LR_offset) z2=linreg(low,Len_LR,LR_offset) z3=linreg(close,Len_LR,LR_offset) z11=z1>ma1 ? z1-2*(z1-ma1) : z2+2*(ma2-z2) swing=plot(rma(z11,10),style=areabr,transp=100) fill(swing,mm_p,color=black,transp=80)