LOKEN Bullish MCDX v2.2: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

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

Source Code

153 lines of Pine Script v4 from indicators/mcdx-loken-indicator.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

mcdx-loken-indicator.pine

// © LOKEN94
//
// Custom version based of [M2J] Indicator | MCDX
// 
// 
// 
// Changes:
// No more useless Retaillers Money, no more counter intuitive color.  
// Added uneditable black solid line at the bottom to hide negative Banker histogram.

//@version=4
study("LOKEN 𓃓 (v4) BULLISH MCDX v2.2", "𓃓",precision=2)


RSIBaseBanker       = input(50,  "Banker Base",           minval = 10)
RSIPeriodBanker     = input(50,  "Banker RSI Period",     minval = 10)
RSIBaseHotMoney     = input(30,  "Hot Money RSI Base",    minval = 10)
RSIPeriodHotMoney   = input(40,  "Hot Money RSI Period",  minval = 10)
SensitivityBanker   = input(1.5, "Sensitivity Banker",    minval = 0.1, step = 0.1)
SensitivityHotMoney = input(0.7, "Sensitivity Hot Money", minval = 0.1, step = 0.1)

rsi_function(sensitivity, rsiPeriod, rsiBase) =>
    rsi = sensitivity * (rsi(close, rsiPeriod) - rsiBase)
    if rsi > 20
        rsi := 20
    else if rsi < 0
        rsi := 0
    rsi 

rsi_Banker   = rsi_function(SensitivityBanker,   RSIPeriodBanker,   RSIBaseBanker)
rsi_HotMoney = rsi_function(SensitivityHotMoney, RSIPeriodHotMoney, RSIBaseHotMoney)

plot(rsi_HotMoney, "Hot Money", #00026d17, 3, plot.style_area)
plot(rsi_Banker,   "Banker",    color=rsi_Banker>0?#84afc9:#84afc900, linewidth=4, style=plot.style_histogram)
hot=plot(rsi_HotMoney,display=display.none,editable=false)
bank=plot(rsi_Banker,display=display.none,editable=false)
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

hotma2=rma(rsi_HotMoney,2)
bankma2=sma(rsi_Banker,2)
hotma7=rma(rsi_HotMoney,7)
bankma7=ema(rsi_Banker,7)
hotma31=rma(rsi_HotMoney,31)
bankma31=ema(rsi_Banker,31)
//plot(hotma2)
//plot(hotma7)
//plot(bankma2)
//plot(bankma7)
//plot(hotma31)
//plot(bankma31)
hotma=ema(((hotma2*34)+(hotma7*33)+(hotma31*33))/100,2)
bankma=sma(((bankma2*70)+(bankma7*20)+(bankma31*10))/100,1)
hotsignal=rma(hotma,2)
banksignal=rma(bankma,4)
hotline=plot(hotma,style=plot.style_line,color=hotma>hotsignal?#00ff0a:#ff0014,transp=75, title="Hot Money MA",display=display.all,editable=false)
bankline=plot(bankma,style=plot.style_line,color=bankma>banksignal or bankma>bankma[1]?#00ff0a:#ff881e30,transp=25, title="Banker MA",display=display.all,editable=false)
hotline2=plot(hotsignal,style=plot.style_line,color=hotma>hotsignal?#00ff0a:#ff881e,transp=75, title="Hot Money MA2",display=display.all,editable=false)
bankline2=plot(banksignal,style=plot.style_line,color=banksignal<0.1?#000000:#ff881e80,transp=50, title="Banker MA2",display=display.all,editable=true)
//
fill(hotline,hotline2, color=hotma>hotsignal?#00ff0a:#ff0014,transp=85, title="Fill : Hot-Money MA")
fill(bankline,bankline2, color=bankma>banksignal?#00ff0a00:#ff9800,transp=85, title="Fill : Banker MA")
fill(hotline,hot, color=rsi_HotMoney>hotma?#00ff0a40:#9b0000,transp=50, title="Fill : HOT")

//
hbma=vwma(((rsi_HotMoney*10)+(hotma*35)+(hotsignal*15)+(bankma*35)+(banksignal*5))/100,1)
major=wma(hbma,9)
lowma2=sma(rsi_Banker/2,1)
lowma3=sma(rsi_Banker/3,1)
lowma4=sma(rsi_Banker/4,1)
lowma5=sma(rsi_Banker/5,1)
lowma6=sma(rsi_Banker/6,1)
lowma7=sma(rsi_Banker/7,1)
lowmaster=sma(((lowma2*1)+(lowma3*1)+(lowma4*1)+(lowma5*1)+(lowma6*1)+(lowma7*1))/6,1)
lowamp=sma(((lowma2*1)+(lowma3*1)+(lowma4*1)+(lowma5*1)+(lowma6*1)+(lowma7*1))/1,1)
//LOW2=plot(lowma2)
//LOW3=plot(lowma3)
//LOW4=plot(lowma4)
//LOW5=plot(lowma5)
//LOW6=plot(lowma6)
//LOW7=plot(lowma7)
lowampsignal=ema(lowamp,31)
LOWAMP2=plot(lowampsignal,display=display.none,editable=false)
lowmsignal=ema(((lowmaster*90)+(lowamp*10))/100,7)
LOWM2=plot(lowmsignal,display=display.none,editable=false)


GMA=plot(major,color=hbma>8.5?#00862c:#9b0000,transp=80,display=display.none,editable=false)
HBMA=plot(hbma,style=plot.style_line,linewidth=3,color=hbma>major and hbma>8.5?#00862c60:#e5d75c60,transp=5, title="Up-Trend",display=display.none,editable=true,trackprice=false)
HBMA2=plot(hbma,style=plot.style_line,linewidth=3,color=hbma>8.5?na:#9b000060,transp=5, title="Down-Trend",display=display.all,editable=true,trackprice=false)
tracker=plot(hbma,style=plot.style_stepline,linewidth=1,color=hbma>8.5?#00862c:#bb0000,transp=50, title="Trend Tracker",display=display.all,editable=true,trackprice=true)
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
h1 = hline(8.5, "Bullish Confirmation Line", color=#002fb030, linestyle=hline.style_solid, editable = true)
//h2 = hline(-0.4598, "Mask", color=#000000, linestyle=hline.style_solid, linewidth=4, editable = true)

///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//Crossing signals
//
topsignals = crossunder(bankma, banksignal) and rsi_Banker < 15 and rsi_HotMoney > 10 and banksignal>8 

downtrendsignal = crossunder(hotma, hotsignal)
uptrendsignal = crossover(hotma, hotsignal)
   
bullishsignals = crossover(rsi_Banker, 8.5) and
   rsi_HotMoney[0] > 17 and
   bankma>banksignal and
   hotma>hotsignal and
   rsi_Banker[2]<6 and
   rsi_Banker[5]<5 and
   rsi_Banker[24]<12
   
bearishsignals = crossunder(rsi_Banker, 8.5) and
   rsi_HotMoney[0] < 18 and
   bankma<banksignal and
   hotma<hotsignal and
   rsi_Banker<5
   
entrysignals = crossover(rsi_HotMoney, 16) and
   rsi_Banker>0 and
   rsi_HotMoney[3]<15 and
   rsi_HotMoney[10]<13 and
   rsi_HotMoney[20]<13
   
climax = crossover(hbma, 19)

pump = crossover(rsi_Banker,hbma)

bottom = crossunder(rsi_HotMoney,hbma)

greed = crossover(lowampsignal,hbma) and lowampsignal>12 and rsi_Banker>8.5

long = crossunder(lowampsignal,banksignal) and lowampsignal<10
//
ploff = 0
plot(downtrendsignal  ? hbma[0] + ploff : na, title="Downtrend signal",style=plot.style_circles, color=#ff0000, linewidth=2,transp=0, display=display.all, editable=false)
plot(uptrendsignal  ? hbma[0] + ploff : na, title="Uprend signal",style=plot.style_circles, color=#73ff00, linewidth=2,transp=0, display=display.all, editable=false)

//
plotshape(bullishsignals  ? 0[0] - ploff : na, title="Bullish signal 𓃓", text="𓃓", style=shape.labeldown, location=location.absolute, size=size.tiny, color=#81d9ff50, textcolor=#000000, offset=0, transp=0, display=display.all, editable=true)
plotshape(topsignals  ? rsi_HotMoney[0] + ploff : na, title="Pull-back signal ⤼", text="⤼", style=shape.labelup, location=location.absolute, size=size.tiny, color=#9e004500, textcolor=#000000, offset=0, transp=0, display=display.all, editable=true)

plotshape(bearishsignals  ? hbma[0] + ploff : na, title="Bearish signal 𓃾", text="𓃾", style=shape.labelup, location=location.absolute, size=size.tiny, color=#ff000050, textcolor=#ffffff, offset=0, transp=0, display=display.all, editable=true)
plotshape(entrysignals  ? hbma[0] + ploff : na, title="Entry signal 𓄀", text="𓄀", style=shape.labeldown, location=location.absolute, size=size.tiny, color=#00862c50, textcolor=#000000, offset=0, transp=0, display=display.all, editable=true)

plot(rsi_Banker,   "Retest Candles",    color=banksignal>bankma and rsi_Banker>0?#c1510060:na, linewidth=4, style=plot.style_histogram)
plot(rsi_Banker, "Pump Candles", color=rsi_Banker>hbma?#00ff0a:na,transp=70, linewidth=4, style=plot.style_histogram)
plot(rsi_Banker, "Down Candles", color=rsi_Banker<rsi_Banker[1] and rsi_Banker<rsi_Banker[2] and rsi_Banker[1]<rsi_Banker[2] and rsi_Banker<rsi_Banker[3] and rsi_Banker<rsi_Banker[4] and rsi_Banker[3]<rsi_Banker[4] and rsi_Banker[6]>8.5 and rsi_Banker<10?#000000:na,transp=40, linewidth=4, style=plot.style_histogram)
plot(rsi_Banker, "Dump Candles", color=rsi_Banker<rsi_Banker[1]/1.75?#ff0000:na,transp=40, linewidth=4, style=plot.style_columns)

plotshape(climax  ? hbma[0] + ploff : na, title="Oversold signal ᅐ", text="ᅐ", style=shape.labelup, location=location.absolute, size=size.tiny, color=#ff000050, textcolor=#000000, offset=0, transp=0, display=display.all, editable=true)
plotshape(bottom  ? hbma[0] + ploff : na, title="Lower Low signal ⤷", text="⤷", style=shape.labeldown,location=location.absolute, size=size.tiny, color=#ffffff00, textcolor=#000000, offset=0, transp=0, display=display.all, editable=true)

plotshape(greed  ? hbma[0] + ploff : na, title="Sell signal 💲", text="💲", style=shape.labelup,location=location.absolute, size=size.tiny, color=#ff000070, textcolor=#00862c, offset=0, transp=0, display=display.all, editable=true)
plotshape(long  ? lowampsignal[0] + ploff : na, title="Long signal ＄", text="＄", style=shape.labeldown,location=location.absolute, size=size.tiny, color=#00862c00, textcolor=#00862c, offset=0, transp=0, display=display.all, editable=true)

Overview

LOKEN Bullish MCDX v2.2 rescales two RSI readings into a Banker series, drawn as a histogram, and a Hot Money series, drawn as an area, each clamped to a fixed range. Several smoothed moving-average lines and fills mark when each series is rising or falling. Base level, RSI period and sensitivity can be changed for both series.

Banker histogram and Hot Money area
RSI-based money flow rescaling
Smoothed signal lines with colour fills
Adjustable base, period and sensitivity

Details

Published by

kdricha0602 on GitHub

Code credit

LOKEN94, as written in the script's header

Type

Indicator, Pine Script v4

Draws

Separate pane below the chart

Markets

Stocks

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.

File

indicators/mcdx-loken-indicator.pine

Repository

github.com/kdricha0602/config-driven-scan-engine

Topics

pythontemporaltrading

Settings

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

Setting	Type	Default	Variable
Banker Base	`int`	`50`	`RSIBaseBanker`
Banker RSI Period	`int`	`50`	`RSIPeriodBanker`
Hot Money RSI Base	`int`	`30`	`RSIBaseHotMoney`
Hot Money RSI Period	`int`	`40`	`RSIPeriodHotMoney`
Sensitivity Banker	`float`	`1.5`	`SensitivityBanker`
Sensitivity Hot Money	`float`	`0.7`	`SensitivityHotMoney`

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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