JBravo Swing

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © bradvaughn

//@version=4
study(title="JBravo Swing", overlay=true)

var buy_in_progress = false

//Moving Averages
smaInput1 = input(title="Display SMA 9", type=input.bool, defval=true)
smaInput2 = input(title="Display EMA 20", type=input.bool, defval=true)
smaInput4 = input(title="Display SMA 200", type=input.bool, defval=true)
colored_180 = input(false, title="Color-code 200 trend direction")

sma9 = sma(close, 9)
ema20 = ema(close, 20)
sma180 = sma(close, 200)

//Plot Moving Averages
plot(smaInput1 ? sma9 : na, color= color.red, title="SMA 9")
plot(smaInput2 ? ema20 : na, color = color.yellow, title="EMA 20")


//Color SMA 180 trend direction if selected
sma180_uptrend = sma(close, 180) > sma(close[2], 180)
colr = sma180_uptrend == true or colored_180 == false ? color.white : colored_180 == true ? color.gray : na
plot(smaInput4 ? sma180 : na, color = colr, title="SMA 180")

//Get value of lower end of candle
buyLow = iff(lowest(open, 1) < lowest(close, 1), lowest(open, 1), lowest(close, 1))
sellLow = lowest(close, 1)

// Find the lower MA for crossover sell condition
sellma = iff((sma9<ema20), sma9, ema20)


//SMA 9 trend direction
sma9_uptrend = sma(close, 9) > sma(close[2], 9)
//EMA 20 trend direction
ema20_uptrend = ema(close, 20) > sma(close[2], 20)

//Buy or sell if conditions are met
// Buy when the candle low is above the SMA9
// Sell when the candle low is below the lower of SMA9 and EMA20
Buy = iff(buy_in_progress == false and buyLow > sma9 == true, true, false)
Sell = iff(buy_in_progress == true and sellLow < sellma == true, true, false)

// Determine stong buy and strong sell conditions.
// If moving averages are all up, then this will qualify a buy as a strong buy.
// If the moving averages are not up (ie. down) then this will qualify a sell as a strong sell
StrongBuy = iff (Buy and sma9_uptrend and sma180_uptrend and ema20_uptrend and (sma9 > ema20) and (ema20 > sma180), true, false)
StrongSell = iff (Sell and not sma9_uptrend and not sma180_uptrend and not ema20_uptrend and (sma9 < ema20) and (ema20 < sma180), true, false)

//Update Trading status if bought or sold
if Buy
    buy_in_progress := true
if Sell
    buy_in_progress := false
    
// Clear Buy and Sell conditions if StrongBuy or StrongSell conditions exist.  
// This disables plotting Buy and Sell conditions
if StrongBuy
    Buy := false
if StrongSell
    Sell := false
    

//Display BUY/SELL indicators

plotshape(Buy,title="Buy", color=color.green, style=shape.arrowup,location=location.belowbar, text="Buy")
plotshape(StrongBuy,title="Strong Buy", color=color.green, style=shape.arrowup,location=location.belowbar, text="Strong Buy")
plotshape(Sell,title="Sell", color=color.red, style=shape.arrowdown,text="Sell")
plotshape(StrongSell,title="Strong Sell", color=color.red, style=shape.arrowdown,text="Strong Sell")

alertcondition(Buy, title="Buy Signal", message="Buy")
alertcondition(Sell, title="Sell Signal", message="Sell")