Indicator · Pine Script v5 · Own pane

Function - Maximum Profit

by ricardosantos79· code credited to RicardoSantos

This indicator calculates a maximum-profit value over a chosen lookback by summing positive bar-to-bar changes in a source.

View on GitHub

GitHub stars261on the repository
Pine versionv5runs as is
Lines of code76
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago13 Nov 2021

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

76 lines of Pine Script v5 from beta/libs/v4_to_v5_conversions/Function - Maximum Profit.pinescript, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

Function - Maximum Profit.pinescript
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © RicardoSantos

//@version=5
indicator(title='function - maximum profit')
maximum_profit(_src, _length) =>  //{
//  @function: maximum profit over a period of time
//  @reference:
//      https://github.com/trekhleb/javascript-algorithms/tree/master/src/algorithms/uncategorized/best-time-to-buy-sell-stocks
//      https://github.com/trekhleb/javascript-algorithms/blob/master/src/algorithms/uncategorized/best-time-to-buy-sell-stocks/accumulatorBestTimeToBuySellStocks.js
//  @parameters:
//      _src: series float or int, price points. you can use a inversion for selling maximum profit ex:. -close
//      _length: int, period of time to check
//  @usage:
//      plot(series=maximum_profit(close, 20), title='mp+', color=color.lime)
//      plot(series=maximum_profit(-close, 20), title='mp-', color=color.red)
    float _c = math.max(0.0, _src[0] - _src[1])
    float _sum = 0.
    if bar_index <= _length
        _sum := 0.
        _sum
    else
        for _s = _length - 1 to 1 by 1
            for _i = _s - 1 to 0 by 1
                _sum := _sum + _c[_i]
                _sum
    _sum
//}

maximum_profit_fast(_src, _length) =>  //{
//  @function: maximum profit over a period of time, fast algorithm, ** series match(crosses) / values dont match **
//  @parameters:
//      _src: series float or int, price points. you can use a inversion for selling maximum profit ex:. -close
//      _length: int, period of time to check
//  @usage:
//      plot(series=maximum_profit(close, 20), title='mp+', color=color.lime)
//      plot(series=maximum_profit(-close, 20), title='mp-', color=color.red)
    float _c = ta.cum(math.max(0., _src[0] - _src[1]))
    float _sum = _c
    for _i = _length - 1 to 1 by 1
        _sum := _sum + _c - _c[_i]
        _sum
    _sum
//}

maximum_profit_alt(_src, _length) =>  //{
//  @function: maximum profit over a period of time, fast algorithm, ** series do not match(faster crosses) / values dont match **
//  @parameters:
//      _src: series float or int, price points. you can use a inversion for selling maximum profit ex:. -close
//      _length: int, period of time to check
//  @usage:
//      plot(series=maximum_profit(close, 20), title='mp+', color=color.lime)
//      plot(series=maximum_profit(-close, 20), title='mp-', color=color.red)
    float _c = math.sum(math.max(0., _src[0] - _src[1]), _length)
    float _sum = _c
    for _i = _length - 1 to 1 by 1
        _sum := _sum + _c - _c[_i]
        _sum
    _sum
//}

int length = input(20)
a = plot(series=maximum_profit(close, length), title='mp+', color=color.new(color.lime, 0))
b = plot(series=maximum_profit(-close, length), title='mp-', color=color.new(color.red, 0))

c = plot(series=maximum_profit_fast(close, length), title='mpf+', color=color.new(color.green, 0))
d = plot(series=maximum_profit_fast(-close, length), title='mpf-', color=color.new(color.maroon, 0))

e = plot(series=maximum_profit_alt(close, length), title='mpf+', color=color.new(color.blue, 0))
f = plot(series=maximum_profit_alt(-close, length), title='mpf-', color=color.new(color.purple, 0))

fill(plot1=a, plot2=c, color=color.new(color.lime, 75), title='Fill greens')
fill(plot1=b, plot2=d, color=color.new(color.red, 75), title='Fill Reds')

fill(plot1=a, plot2=e, color=color.new(color.blue, 75), title='Fill greens')
fill(plot1=b, plot2=f, color=color.new(color.purple, 75), title='Fill Reds')

Overview

Function - Maximum Profit plots the result for close and for inverted close in a separate pane, then overlays a fast cumulative version and an alternate summed version. The length input sets the period, defaulting to 20. Fills highlight differences between the original and the faster methods. Comments state that the faster methods do not match the original values. It does not generate trades or exits.

Details

Published by

ricardosantos79 on GitHub

Code credit

RicardoSantos, as written in the script's header

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
lengthint20length
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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