Silver Setup Indicator

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

//@version=5
indicator(title="Silver Setup Indicator", shorttitle="Silver", overlay=true)

// ═══════════════════════════════════════════════════════════════════════════════════════════
// INPUT PARAMETERS
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Time session filters
time_session_1 = input.session("0700-0900", "Morning Session (7-9 AM)", group="Time Windows")
time_session_2 = input.session("1000-1200", "Mid-Day Session (10 AM-12 PM)", group="Time Windows")
time_session_3 = input.session("", "Optional Third Session", group="Time Windows")

// Risk management parameters
risk_multiplier = input.float(4.6, "Take Profit Multiplier", minval=1.0, maxval=10.0, step=0.1, group="Risk Management")
stop_offset = input.int(3, "Stop Loss Offset (bars)", minval=1, maxval=5, group="Risk Management")

// Visual settings
show_paint_levels = input.bool(true, "Show Paint Bar Levels", group="Display Options")
show_stop_target = input.bool(true, "Show Stop/Target Levels", group="Display Options")
show_entry_signals = input.bool(true, "Show Entry Signals", group="Display Options")

// ═══════════════════════════════════════════════════════════════════════════════════════════
// PAINT BAR DETECTION
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Paint bar conditions
bull_paint_condition = low > high[2]
bear_paint_condition = high < low[2]

// ═══════════════════════════════════════════════════════════════════════════════════════════
// TIME SESSION MANAGEMENT
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Time session detection
is_time_1 = time(timeframe.period, time_session_1, "America/Los_Angeles")
is_time_2 = time(timeframe.period, time_session_2, "America/Los_Angeles")
is_time_3 = time(timeframe.period, time_session_3, "America/Los_Angeles")

// Combined time window filter
in_time_window = (not na(is_time_1) or not na(is_time_2) or not na(is_time_3)) and 
                 dayofweek != dayofweek.saturday and dayofweek != dayofweek.sunday

// Daily close detection (1 PM Pacific)
close_time = time(timeframe.period, "1300-1301", "America/Los_Angeles")
should_close = not na(close_time) and dayofweek != dayofweek.saturday and dayofweek != dayofweek.sunday

// ═══════════════════════════════════════════════════════════════════════════════════════════
// STATE MANAGEMENT VARIABLES
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Bull paint state variables
var float bull_paint_high = na
var float bull_paint_low = na
var float bull_stop_level = na
var float bull_target_level = na
var bool bull_paint_active = false
var bool bull_position_open = false

// Bear paint state variables
var float bear_paint_low = na
var float bear_paint_high = na
var float bear_stop_level = na
var float bear_target_level = na
var bool bear_paint_active = false
var bool bear_position_open = false

// Entry/exit trigger variables
var bool long_entry_triggered = false
var bool short_entry_triggered = false
var bool long_exit_triggered = false
var bool short_exit_triggered = false

// ═══════════════════════════════════════════════════════════════════════════════════════════
// PAINT BAR DETECTION AND LEVEL CALCULATION
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Detect new bull paint bar
if bull_paint_condition and not bull_paint_active
    bull_paint_high := high
    bull_paint_low := low
    bull_stop_level := low[stop_offset]
    
    // Calculate take profit level (risk multiplier)
    risk_distance = bull_paint_low - bull_stop_level
    bull_target_level := bull_paint_low + (risk_distance * risk_multiplier)
    
    bull_paint_active := true
    bear_paint_active := false  // Cancel opposing paint

// Detect new bear paint bar
if bear_paint_condition and not bear_paint_active
    bear_paint_low := low
    bear_paint_high := high
    bear_stop_level := high[stop_offset]
    
    // Calculate take profit level (risk multiplier)
    risk_distance = bear_stop_level - bear_paint_high
    bear_target_level := bear_paint_high - (risk_distance * risk_multiplier)
    
    bear_paint_active := true
    bull_paint_active := false  // Cancel opposing paint

// ═══════════════════════════════════════════════════════════════════════════════════════════
// ENTRY CONDITIONS (3 REASONS: LOCATION, STRUCTURE, MOMENTUM)
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Long entry conditions
long_location = in_time_window  // Reason 1: Location (time window)
long_momentum = bull_paint_active  // Reason 2: Momentum (paint bar directional bias)
long_structure = close > bull_paint_low and close < bull_paint_high and low <= bull_paint_low  // Reason 3: Structure (price re-entry)
long_filter = not bull_position_open and not bear_position_open  // Position filter

long_entry_condition = long_location and long_momentum and long_structure and long_filter

// Short entry conditions
short_location = in_time_window  // Reason 1: Location (time window)
short_momentum = bear_paint_active  // Reason 2: Momentum (paint bar directional bias)
short_structure = close < bear_paint_high and close > bear_paint_low and high >= bear_paint_high  // Reason 3: Structure (price re-entry)
short_filter = not bear_position_open and not bull_position_open  // Position filter

short_entry_condition = short_location and short_momentum and short_structure and short_filter

// ═══════════════════════════════════════════════════════════════════════════════════════════
// POSITION MANAGEMENT
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Track position openings
if long_entry_condition and not long_entry_triggered
    long_entry_triggered := true
    bull_position_open := true
    bull_paint_active := false

if short_entry_condition and not short_entry_triggered
    short_entry_triggered := true
    bear_position_open := true
    bear_paint_active := false

// ═══════════════════════════════════════════════════════════════════════════════════════════
// EXIT CONDITIONS
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Long position exits
if bull_position_open
    long_stop_hit = low <= bull_stop_level
    long_target_hit = high >= bull_target_level
    long_daily_close = should_close
    
    if (long_stop_hit or long_target_hit or long_daily_close) and not long_exit_triggered
        long_exit_triggered := true
        bull_position_open := false

// Short position exits
if bear_position_open
    short_stop_hit = high >= bear_stop_level
    short_target_hit = low <= bear_target_level
    short_daily_close = should_close
    
    if (short_stop_hit or short_target_hit or short_daily_close) and not short_exit_triggered
        short_exit_triggered := true
        bear_position_open := false

// ═══════════════════════════════════════════════════════════════════════════════════════════
// TRIGGER RESET (PREVENT MULTIPLE SIGNALS ON SAME BAR)
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Reset triggers for next bar
if long_entry_triggered[1]
    long_entry_triggered := false
if short_entry_triggered[1]
    short_entry_triggered := false
if long_exit_triggered[1]
    long_exit_triggered := false
if short_exit_triggered[1]
    short_exit_triggered := false

// ═══════════════════════════════════════════════════════════════════════════════════════════
// PAINT BAR CLEANUP (REMOVE STALE PAINT BARS)
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Reset bull paint if price moves too far away
if bull_paint_active and (high > bull_paint_high * 1.1 or low < bull_stop_level)
    bull_paint_active := false

// Reset bear paint if price moves too far away
if bear_paint_active and (low < bear_paint_low * 0.9 or high > bear_stop_level)
    bear_paint_active := false

// ═══════════════════════════════════════════════════════════════════════════════════════════
// VISUAL ELEMENTS
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Paint bar coloring
barcolor(bull_paint_condition ? color.green : bear_paint_condition ? color.red : na, offset=-1)

// Entry signal shapes
plotshape(show_entry_signals and long_entry_triggered, title="Long Entry", 
          style=shape.triangleup, location=location.belowbar, color=color.lime, 
          size=size.normal, text="LONG")

plotshape(show_entry_signals and short_entry_triggered, title="Short Entry", 
          style=shape.triangledown, location=location.abovebar, color=color.red, 
          size=size.normal, text="SHORT")

// Paint bar levels
plot(show_paint_levels and bull_paint_active ? bull_paint_high : na, 
     color=color.new(color.green, 50), style=plot.style_line, linewidth=2, title="Bull Paint High")
plot(show_paint_levels and bull_paint_active ? bull_paint_low : na, 
     color=color.new(color.green, 50), style=plot.style_line, linewidth=2, title="Bull Paint Low")

plot(show_paint_levels and bear_paint_active ? bear_paint_high : na, 
     color=color.new(color.red, 50), style=plot.style_line, linewidth=2, title="Bear Paint High")
plot(show_paint_levels and bear_paint_active ? bear_paint_low : na, 
     color=color.new(color.red, 50), style=plot.style_line, linewidth=2, title="Bear Paint Low")

// Stop and target levels
plot(show_stop_target and bull_position_open ? bull_stop_level : na, 
     color=color.new(color.red, 20), style=plot.style_line, linewidth=3, title="Bull Stop")
plot(show_stop_target and bull_position_open ? bull_target_level : na, 
     color=color.new(color.blue, 20), style=plot.style_line, linewidth=3, title="Bull Target")

plot(show_stop_target and bear_position_open ? bear_stop_level : na, 
     color=color.new(color.red, 20), style=plot.style_line, linewidth=3, title="Bear Stop")
plot(show_stop_target and bear_position_open ? bear_target_level : na, 
     color=color.new(color.blue, 20), style=plot.style_line, linewidth=3, title="Bear Target")

// ═══════════════════════════════════════════════════════════════════════════════════════════
// ALERT CONDITIONS
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Entry alerts
alertcondition(long_entry_triggered, title="Long Entry Alert", 
               message="{{ticker}} - LONG Entry at {{close}}, Stop: " + str.tostring(bull_stop_level, "#.##") + 
                      ", Target: " + str.tostring(bull_target_level, "#.##"))

alertcondition(short_entry_triggered, title="Short Entry Alert", 
               message="{{ticker}} - SHORT Entry at {{close}}, Stop: " + str.tostring(bear_stop_level, "#.##") + 
                      ", Target: " + str.tostring(bear_target_level, "#.##"))

// Exit alerts
alertcondition(long_exit_triggered, title="Long Exit Alert", 
               message="{{ticker}} - LONG Exit at {{close}}")

alertcondition(short_exit_triggered, title="Short Exit Alert", 
               message="{{ticker}} - SHORT Exit at {{close}}")

// Daily close alert
alertcondition(should_close, title="Daily Close Alert", 
               message="{{ticker}} - Daily Close 1pm PT at {{close}}")

// Paint bar detection alerts
alertcondition(bull_paint_condition, title="Bull Paint Bar Alert", 
               message="{{ticker}} - Bull Paint Bar detected at {{close}}")

alertcondition(bear_paint_condition, title="Bear Paint Bar Alert", 
               message="{{ticker}} - Bear Paint Bar detected at {{close}}")

// ═══════════════════════════════════════════════════════════════════════════════════════════
// INFORMATION TABLE (OPTIONAL)
// ═══════════════════════════════════════════════════════════════════════════════════════════

// Display current state information
if barstate.islast
    var table info_table = table.new(position.top_right, 2, 8, bgcolor=color.white, border_width=1)
    
    table.cell(info_table, 0, 0, "Silver Setup Status", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 0, "", text_color=color.black, text_size=size.small)
    
    table.cell(info_table, 0, 1, "Bull Paint Active", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 1, bull_paint_active ? "YES" : "NO", 
               text_color=bull_paint_active ? color.green : color.red, text_size=size.small)
    
    table.cell(info_table, 0, 2, "Bear Paint Active", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 2, bear_paint_active ? "YES" : "NO", 
               text_color=bear_paint_active ? color.green : color.red, text_size=size.small)
    
    table.cell(info_table, 0, 3, "Bull Position Open", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 3, bull_position_open ? "YES" : "NO", 
               text_color=bull_position_open ? color.blue : color.gray, text_size=size.small)
    
    table.cell(info_table, 0, 4, "Bear Position Open", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 4, bear_position_open ? "YES" : "NO", 
               text_color=bear_position_open ? color.blue : color.gray, text_size=size.small)
    
    table.cell(info_table, 0, 5, "In Time Window", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 5, in_time_window ? "YES" : "NO", 
               text_color=in_time_window ? color.green : color.red, text_size=size.small)
    
    table.cell(info_table, 0, 6, "Risk Multiplier", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 6, str.tostring(risk_multiplier, "#.#") + "R", 
               text_color=color.black, text_size=size.small)
    
    table.cell(info_table, 0, 7, "Next Close Time", text_color=color.black, text_size=size.small)
    table.cell(info_table, 1, 7, "1:00 PM PT", text_color=color.black, text_size=size.small)