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This document is a Pine Script code for a TradingView indicator called 'Trend Channels With Liquidity Breaks'. It calculates and plots trend channels based on pivot highs and lows, with options for extending lines and displaying volume background. The script includes various functions for calculating angles, moving averages, and liquidity breaks, and it allows customization of colors and display settings.

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Ali Ahmed
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© © All Rights Reserved
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3 views9 pages

EE

This document is a Pine Script code for a TradingView indicator called 'Trend Channels With Liquidity Breaks'. It calculates and plots trend channels based on pivot highs and lows, with options for extending lines and displaying volume background. The script includes various functions for calculating angles, moving averages, and liquidity breaks, and it allows customization of colors and display settings.

Uploaded by

Ali Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

//@version=5

indicator("Trend Channels With Liquidity Breaks [ChartPrime]", overlay=true,


shorttitle="Trend Channels [ChartPrime]", max_lines_count = 50)

length = [Link](8, "Length")


show = [Link](true, "Show Last Channel")
wait = [Link](true, "Wait for Break")
extend = [Link](false, "Extend Line")
enable_liquid = [Link](false, "Volume BG")
top_color = [Link]([Link](51, 124, 79), "Colors", inline = "Colors")
center_color = [Link]([Link], "", inline = "Colors")
bottom_color = [Link]([Link](165, 45, 45), "", inline = "Colors")

source_high = high
source_low = low

// variables to store the latest and previous pivot values


var float prev_pivot_high = na
var int prev_pivot_high_index = na
var float last_pivot_high = na
var int last_pivot_high_index = na

var float prev_pivot_low = na


var int prev_pivot_low_index = na
var float last_pivot_low = na
var int last_pivot_low_index = na

atan2(y, x) =>
var float angle = 0.0
if x > 0
angle := [Link](y / x)
else
if x < 0 and y >= 0
angle := [Link](y / x) + [Link]
else
if x < 0 and y < 0
angle := [Link](y / x) - [Link]
else
if x == 0 and y > 0
angle := [Link] / 2
else
if x == 0 and y < 0
angle := -[Link] / 2
angle

min_max_volume(src) =>
out = (src - [Link](src, 100))/([Link](src, 100) - [Link](src,
100)) * 100
[Link]([Link](100, out), 0)

volume_normalized()=>
min_max_volume([Link](volume, 21))

simple_moving_average(source)=>
var float sum = na
var int count = na
count := nz(count[1]) + 1
sum := nz(sum[1]) + source
sum/count

liquidity_break()=>
vol = volume_normalized()
avg = simple_moving_average(vol)
rank = ta.percentile_nearest_rank(vol, 75, 100)
avg_rank = simple_moving_average(rank)
colour = vol < avg ? "LV" : (vol > avg and vol < avg_rank ? "MV" : "HV")

// Pivot high calculation


ph = [Link](source_high, length, length)
if (not na(ph))
// Update the previous pivot high to the last pivot high before we update
the last pivot high
prev_pivot_high := last_pivot_high
prev_pivot_high_index := last_pivot_high_index
// Update the last pivot high
last_pivot_high := ph
last_pivot_high_index := bar_index

// Pivot low calculation


pl = [Link](source_low, length, length)
if (not na(pl))
// Update the previous pivot low to the last pivot low before we update
the last pivot low
prev_pivot_low := last_pivot_low
prev_pivot_low_index := last_pivot_low_index
// Update the last pivot low
last_pivot_low := pl
last_pivot_low_index := bar_index

volume_score = volume_normalized()

var down_trend_top = [Link](na, na, na, na, color = na, width = 2)


var down_trend_bottom = [Link](na, na, na, na, color = na, width = 2)
var down_trend_top_zone = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var down_trend_bottom_zone = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var down_trend_top_zone_mid = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var down_trend_bottom_zone_mid = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var down_trend_center = [Link](na, na, na, na, color = na, width = 2, style
= line.style_dashed)
var down_break_label = [Link](na, na, na, textcolor =
[Link]([Link], 0))
[Link](down_trend_top, down_trend_top_zone_mid, [Link](top_color,
20))
[Link](down_trend_bottom, down_trend_bottom_zone_mid,
[Link](bottom_color, 20))
down_trend_top_zone_mid_fill = [Link](down_trend_top_zone_mid,
down_trend_top_zone, [Link](top_color, 80))
down_trend_bottom_zone_mid_fill = [Link](down_trend_bottom_zone_mid,
down_trend_bottom_zone, [Link](bottom_color, 80))
var up_trend_top = [Link](na, na, na, na, color = na, width = 2)
var up_trend_bottom = [Link](na, na, na, na, color = na, width = 2)
var up_trend_top_zone = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var up_trend_bottom_zone = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var up_trend_top_zone_mid = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var up_trend_bottom_zone_mid = [Link](na, na, na, na, color =
[Link]([Link], 100), width = 2)
var up_trend_center = [Link](na, na, na, na, color = na, width = 2, style =
line.style_dashed)
[Link](up_trend_top, up_trend_top_zone_mid, [Link](top_color, 20))
[Link](up_trend_bottom, up_trend_bottom_zone_mid,
[Link](bottom_color, 20))
top_trend_top_zone_mid_fill = [Link](up_trend_top_zone_mid,
up_trend_top_zone, [Link](top_color, 80))
top_trend_bottom_zone_mid_fill = [Link](up_trend_bottom_zone_mid,
up_trend_bottom_zone, [Link](bottom_color, 80))
var up_break_label = [Link](na, na, na, textcolor =
[Link]([Link], 0), style = label.style_label_up)

if extend
line.set_extend(down_trend_top, [Link])
line.set_extend(down_trend_bottom, [Link])
line.set_extend(down_trend_top_zone, [Link])
line.set_extend(down_trend_bottom_zone, [Link])
line.set_extend(down_trend_center, [Link])
line.set_extend(up_trend_top, [Link])
line.set_extend(up_trend_bottom, [Link])
line.set_extend(up_trend_top_zone, [Link])
line.set_extend(up_trend_bottom_zone, [Link])
line.set_extend(up_trend_center, [Link])
line.set_extend(down_trend_top_zone_mid, [Link])
line.set_extend(down_trend_bottom_zone_mid, [Link])
line.set_extend(up_trend_top_zone_mid, [Link])
line.set_extend(up_trend_bottom_zone_mid, [Link])
else
line.set_extend(down_trend_top, [Link])
line.set_extend(down_trend_bottom, [Link])
line.set_extend(down_trend_top_zone, [Link])
line.set_extend(down_trend_bottom_zone, [Link])
line.set_extend(down_trend_center, [Link])
line.set_extend(up_trend_top, [Link])
line.set_extend(up_trend_bottom, [Link])
line.set_extend(up_trend_top_zone, [Link])
line.set_extend(up_trend_bottom_zone, [Link])
line.set_extend(up_trend_center, [Link])
line.set_extend(down_trend_top_zone_mid, [Link])
line.set_extend(down_trend_bottom_zone_mid, [Link])
line.set_extend(up_trend_top_zone_mid, [Link])
line.set_extend(up_trend_bottom_zone_mid, [Link])

var down_dydx = 0.
var up_dydx = 0.

atr_10 = [Link](10) * 6
var down_count = 0
var up_count = 0

// Plot the trendlines if we have enough pivots


if (not na(prev_pivot_high)
and not na(last_pivot_high))
and prev_pivot_high != prev_pivot_high[1]
and atan2(last_pivot_high - prev_pivot_high, last_pivot_high_index -
prev_pivot_high_index) <= 0
and down_count == 0
and (wait ? up_count != 1 : true)
and [Link]
down_count := 1
offset = atr_10
line.set_xy1(down_trend_top, prev_pivot_high_index - length,
math.round_to_mintick(prev_pivot_high + offset/7))
line.set_xy2(down_trend_top, last_pivot_high_index - length,
math.round_to_mintick(last_pivot_high + offset/7))
line.set_color(down_trend_top, top_color)
line.set_xy1(down_trend_top_zone, prev_pivot_high_index - length,
math.round_to_mintick(prev_pivot_high - offset/7))
line.set_xy2(down_trend_top_zone, last_pivot_high_index - length,
math.round_to_mintick(last_pivot_high - offset/7))
line.set_xy1(down_trend_top_zone_mid, prev_pivot_high_index - length,
prev_pivot_high)
line.set_xy2(down_trend_top_zone_mid, last_pivot_high_index - length,
last_pivot_high)
down_dydx := (last_pivot_high - prev_pivot_high) / (last_pivot_high_index
- prev_pivot_high_index)
line.set_xy1(down_trend_bottom, prev_pivot_high_index - length,
math.round_to_mintick(prev_pivot_high - offset - offset/7))
line.set_xy2(down_trend_bottom, last_pivot_high_index - length,
math.round_to_mintick(last_pivot_high - offset - offset/7))
line.set_color(down_trend_bottom, bottom_color)
line.set_xy1(down_trend_bottom_zone, prev_pivot_high_index - length,
math.round_to_mintick(prev_pivot_high - offset + offset/7))
line.set_xy2(down_trend_bottom_zone, last_pivot_high_index - length,
math.round_to_mintick(last_pivot_high - offset + offset/7))
line.set_xy1(down_trend_bottom_zone_mid, prev_pivot_high_index - length,
math.round_to_mintick(prev_pivot_high - offset))
line.set_xy2(down_trend_bottom_zone_mid, last_pivot_high_index - length,
math.round_to_mintick(last_pivot_high - offset))

// Set center line for down trend


line.set_xy1(down_trend_center, prev_pivot_high_index - length,
math.round_to_mintick((prev_pivot_high + prev_pivot_high - offset) / 2))
line.set_xy2(down_trend_center, last_pivot_high_index - length,
math.round_to_mintick((last_pivot_high + last_pivot_high - offset) / 2))
line.set_color(down_trend_center, center_color)
label.set_text(down_break_label, "")
label.set_color(down_break_label, [Link]([Link], 100))
// Blank previous channel
if not show
line.set_xy1(up_trend_bottom, na, na)
line.set_xy2(up_trend_bottom, na, na)
line.set_xy1(up_trend_top, na, na)
line.set_xy2(up_trend_top, na, na)
line.set_xy1(up_trend_center, na, na)
line.set_xy2(up_trend_center, na, na)
line.set_xy1(up_trend_bottom_zone, na, na)
line.set_xy2(up_trend_bottom_zone, na, na)
line.set_xy1(up_trend_bottom_zone_mid, na, na)
line.set_xy2(up_trend_bottom_zone_mid, na, na)
line.set_xy1(up_trend_top_zone, na, na)
line.set_xy2(up_trend_top_zone, na, na)
line.set_xy1(up_trend_top_zone_mid, na, na)
line.set_xy2(up_trend_top_zone_mid, na, na)
label.set_text(up_break_label, "")
label.set_color(up_break_label, [Link]([Link], 100))
if (not na(prev_pivot_low)
and not na(last_pivot_low))
and prev_pivot_low != prev_pivot_low[1]
and atan2(last_pivot_low - prev_pivot_low, last_pivot_low_index -
prev_pivot_low_index) >= 0
and up_count == 0
and (wait ? down_count != 1 : true)
and [Link]
up_count := 1
offset = atr_10
line.set_xy1(up_trend_top, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low + offset + offset/7))
line.set_xy2(up_trend_top, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low + offset + offset/7))
line.set_color(up_trend_top, top_color)
line.set_xy1(up_trend_top_zone, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low + offset - offset/7))
line.set_xy2(up_trend_top_zone, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low + offset - offset/7))
line.set_xy1(up_trend_top_zone_mid, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low + offset))
line.set_xy2(up_trend_top_zone_mid, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low + offset))
line.set_xy1(up_trend_bottom, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low - offset/7))
line.set_xy2(up_trend_bottom, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low - offset/7))
line.set_color(up_trend_bottom, bottom_color)
line.set_xy1(up_trend_bottom_zone, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low + offset/7))
line.set_xy2(up_trend_bottom_zone, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low + offset/7))
line.set_xy1(up_trend_bottom_zone_mid, prev_pivot_low_index - length,
math.round_to_mintick(prev_pivot_low))
line.set_xy2(up_trend_bottom_zone_mid, last_pivot_low_index - length,
math.round_to_mintick(last_pivot_low))
up_dydx := (last_pivot_low - prev_pivot_low) / (last_pivot_low_index -
prev_pivot_low_index)
// Set center line for up trend
line.set_xy1(up_trend_center, prev_pivot_low_index - length,
math.round_to_mintick((prev_pivot_low + prev_pivot_low + offset) / 2))
line.set_xy2(up_trend_center, last_pivot_low_index - length,
math.round_to_mintick((last_pivot_low + last_pivot_low + offset) / 2))
line.set_color(up_trend_center, center_color)
label.set_text(up_break_label, "")
label.set_color(up_break_label, [Link]([Link], 100))
// Blank previous channel
if not show
line.set_xy1(down_trend_bottom, na, na)
line.set_xy2(down_trend_bottom, na, na)
line.set_xy1(down_trend_top, na, na)
line.set_xy2(down_trend_top, na, na)
line.set_xy1(down_trend_center, na, na)
line.set_xy2(down_trend_center, na, na)
line.set_xy1(down_trend_bottom_zone, na, na)
line.set_xy2(down_trend_bottom_zone, na, na)
line.set_xy1(down_trend_bottom_zone_mid, na, na)
line.set_xy2(down_trend_bottom_zone_mid, na, na)
line.set_xy1(down_trend_top_zone, na, na)
line.set_xy2(down_trend_top_zone, na, na)
line.set_xy1(down_trend_top_zone_mid, na, na)
line.set_xy2(down_trend_top_zone_mid, na, na)
label.set_text(down_break_label, "")
label.set_color(down_break_label, [Link]([Link], 100))

liquidity_score = liquidity_break()
volume_color_high = [Link](top_color, 60 + (100 - volume_score)/5)
volume_color_low = [Link](bottom_color, 60 + (100 - volume_score)/5)

atr_20 = [Link](20)/1.5
if down_count == 1
if enable_liquid
linefill.set_color(down_trend_top_zone_mid_fill, volume_color_high)
linefill.set_color(down_trend_bottom_zone_mid_fill, volume_color_low)
if not extend
line.set_y2(down_trend_top, line.get_y2(down_trend_top) + down_dydx)
line.set_y2(down_trend_bottom, line.get_y2(down_trend_bottom) +
down_dydx)
line.set_y2(down_trend_top_zone, line.get_y2(down_trend_top_zone) +
down_dydx)
line.set_y2(down_trend_bottom_zone,
line.get_y2(down_trend_bottom_zone) + down_dydx)
line.set_y2(down_trend_top_zone_mid,
line.get_y2(down_trend_top_zone_mid) + down_dydx)
line.set_y2(down_trend_bottom_zone_mid,
line.get_y2(down_trend_bottom_zone_mid) + down_dydx)
line.set_y2(down_trend_center, line.get_y2(down_trend_center) +
down_dydx)
line.set_x2(down_trend_top, bar_index)
line.set_x2(down_trend_bottom, bar_index)
line.set_x2(down_trend_top_zone, bar_index)
line.set_x2(down_trend_bottom_zone, bar_index)
line.set_x2(down_trend_top_zone_mid, bar_index)
line.set_x2(down_trend_bottom_zone_mid, bar_index)
line.set_x2(down_trend_center, bar_index)
if low > line.get_price(down_trend_top, bar_index)
down_count := 0
label.set_text(down_break_label, liquidity_score)
label.set_color(down_break_label, top_color)
label.set_style(down_break_label, label.style_label_up)
label.set_xy(down_break_label, bar_index, line.get_y2(down_trend_top)
- atr_20)
if high < line.get_price(down_trend_bottom, bar_index)
down_count := 0
label.set_text(down_break_label, liquidity_score)
label.set_color(down_break_label, bottom_color)
label.set_style(down_break_label, label.style_label_down)
label.set_xy(down_break_label, bar_index,
line.get_y2(down_trend_bottom) + atr_20)

if up_count == 1
if enable_liquid
linefill.set_color(top_trend_top_zone_mid_fill, volume_color_high)
linefill.set_color(top_trend_bottom_zone_mid_fill, volume_color_low)
if not extend
line.set_y2(up_trend_top, line.get_y2(up_trend_top) + up_dydx)
line.set_y2(up_trend_bottom, line.get_y2(up_trend_bottom) + up_dydx)
line.set_y2(up_trend_top_zone, line.get_y2(up_trend_top_zone) +
up_dydx)
line.set_y2(up_trend_bottom_zone, line.get_y2(up_trend_bottom_zone) +
up_dydx)
line.set_y2(up_trend_top_zone_mid, line.get_y2(up_trend_top_zone_mid)
+ up_dydx)
line.set_y2(up_trend_bottom_zone_mid,
line.get_y2(up_trend_bottom_zone_mid) + up_dydx)
line.set_y2(up_trend_center, line.get_y2(up_trend_center) + up_dydx)
line.set_x2(up_trend_top, bar_index)
line.set_x2(up_trend_bottom, bar_index)
line.set_x2(up_trend_top_zone, bar_index)
line.set_x2(up_trend_bottom_zone, bar_index)
line.set_x2(up_trend_top_zone_mid, bar_index)
line.set_x2(up_trend_bottom_zone_mid, bar_index)
line.set_x2(up_trend_center, bar_index)

if low > line.get_price(up_trend_top, bar_index) and [Link]


up_count := 0
label.set_text(up_break_label, liquidity_score)
label.set_color(up_break_label, top_color)
label.set_style(up_break_label, label.style_label_up)
label.set_xy(up_break_label, bar_index, line.get_y2(up_trend_top) -
atr_20)
if high < line.get_price(up_trend_bottom, bar_index) and
[Link]
up_count := 0
label.set_text(up_break_label, liquidity_score)
label.set_color(up_break_label, bottom_color)
label.set_style(up_break_label, label.style_label_down)
label.set_xy(up_break_label, bar_index, line.get_y2(up_trend_bottom)
+ atr_20)

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