Mojito v3 Strategy

//@version=5
indicator("Mojito v3 Strategy", overlay=false)

// Color Constants
const color LONG_REGIME_COLOR = color.new(color.green, 70)
const color SHORT_REGIME_COLOR = color.new(color.red, 70)
const color NEUTRAL_REGIME_COLOR = color.new(color.gray, 85)
const color IVTS_COLOR = color.blue

// Futures Contract Symbols
shortTermFutures = request.security("VX1!", timeframe.period, close)
midTermFutures = request.security("VX2!", timeframe.period, close)

// IVTS Calculation with Validation
ivts = na(shortTermFutures) or na(midTermFutures) ? na : shortTermFutures / midTermFutures

// Median Filter with Configurable Length
median_length = input.int(5, minval=1, title="Median Filter Length")
median_ivts = ta.median(ivts, median_length)

// Trading Conditions with Configurable Thresholds
longThreshold = input.float(1.10, minval=1.0, title="Long Threshold")
shortThreshold = input.float(0.91, maxval=1.0, title="Short Threshold")

longCondition = median_ivts > longThreshold
shortCondition = median_ivts < shortThreshold
neutralCondition = median_ivts >= shortThreshold and median_ivts <= longThreshold

// Plot Median IVTS
plot(median_ivts, "Median IVTS", color=IVTS_COLOR, linewidth=2)

// Dynamic Background Coloring
bgcolor(longCondition ? LONG_REGIME_COLOR : shortCondition ? SHORT_REGIME_COLOR : NEUTRAL_REGIME_COLOR)

// Threshold Level Lines
hline(longThreshold, "Long Threshold", color=color.new(color.green, 0), linestyle=hline.style_dashed)
hline(shortThreshold, "Short Threshold", color=color.new(color.red, 0), linestyle=hline.style_dashed)

// Informative Table with Improved Formatting
var table infoTable = table.new(position.top_right, 1, 4)  // Increased to 4 rows
table.cell(infoTable, 0, 0, "IVTS: " + str.tostring(median_ivts, "#.##"))
table.cell(infoTable, 0, 1, longCondition ? "Regime: Long" : shortCondition ? "Regime: Short" : "Regime: Neutral")
table.cell(infoTable, 0, 2, "Position:")
table.cell(infoTable, 0, 3, longCondition ? "60% long VXX" : shortCondition ? "60% short VXX" : "No Position")