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//@version=4
strategy("PPO Angle Strategy with Modified Sell Condition", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, process_orders_on_close=true)

startYear = input(2022, "Start Year")
startMonth = input(12, "Start Month")
startDay = input(1, "Start Day")
endYear = year(time)
endMonth = month(time)
endDay = dayofmonth(time)

// Date range condition
dateRangeCondition = time >= timestamp(startYear, startMonth, startDay, 0, 0) and time <= timestamp(endYear, endMonth, endDay, 23, 59)

// Input parameters for PPO
ppoFastLength = input(21, title="PPO Fast Length")
ppoSlowLength = input(52, title="PPO Slow Length")
ppoSignalLength = input(9, title="PPO Signal Length")
minPpoSignalDistance = input(0.1, title="Minimum Distance Between PPO and Signal Lines", type=input.float)
minAngleDifference = input(2, title="Minimum Angle Difference (Degrees)", type=input.integer)
stopLossPct = input(20, title="Stop Loss %", type=input.integer)
emainput = input(100, title="EMA XXX support line", type=input.integer)

// Inputs
ema1Period = input(title="EMA #1 Period", type=input.integer, defval=5)
ema2Period = input(title="EMA #2 Period", type=input.integer, defval=50)
ema3Period = input(title="EMA #3 Period", type=input.integer, defval=200)
//emaCrossOverBBPeriod = input(title="EMA Cross Over BB Period", type=input.integer, defval=10)

// Calculate EMAs
ema1 = ema(close, ema1Period)
ema2 = ema(close, ema2Period)
ema3 = ema(close, ema3Period)

// Plot EMAs
plot(ema1, color=color.blue, title="EMA 1")
plot(ema2, color=color.yellow, title="EMA 2")
plot(ema3, color=color.red, title="EMA 3")

// Calculate PPO
ppo = ema(close, ppoFastLength) - ema(close, ppoSlowLength)
ppoSignal = ema(ppo, ppoSignalLength)

// Calculate EMA 50
ema = ema(close, emainput)
emaSlope = ema - ema[1]
emaSlopePositive = emaSlope > 0
emaSlopeNegative = emaSlope < 0
priceBelowEma = close < ema
priceAboveEma = close > ema

// Calculate slopes and angle differences
ppoSlope = ppo - ppo[1]
ppoSignalSlope = ppoSignal - ppoSignal[1]
ppoAngle = atan(ppoSlope) * 180 / (math.pi)
ppoSignalAngle = atan(ppoSignalSlope) * 180 / (math.pi)
angleBetweenLines = acos((ppoSlope * ppoSignalSlope + ppoSlope[1] * ppoSignalSlope[1]) / (sqrt(pow(ppoSlope, 2) + pow(ppoSlope[1], 2)) * sqrt(pow(ppoSignalSlope, 2) + pow(ppoSignalSlope[1], 2)))) * 180 / math.pi

// Stop loss
stopLoss = strategy.position_avg_price * (1 - stopLossPct / 100)

// Calculate Bollinger Bands
length = 20
mult = 2.0
basis = sma(close, length)
dev = mult * stdev(close, length)
upperband = basis + dev
lowerband = basis - dev

// Define long entry and exit conditions
enterLong = dateRangeCondition and (priceAboveEma and crossover(ppo, ppoSignal) or (ppoSlope > 0 and ppoAngle > minAngleDifference and crossover(ppo, ppoSignal) and (ppo < 0 )))

// Define sell condition
exitLong = dateRangeCondition and ((ppo < (ppoSignal - minPpoSignalDistance) or close<stopLoss))

// Define buy and sell signals
buySignal = enterLong and bar_index > 0
sellSignal = exitLong

// Plot buy signal as a solid green square with a "BUY" label, and sell signal as a solid red square with a "SELL" label
buySignalLabel = buySignal and strategy.position_size == 0
sellSignalLabel = sellSignal and strategy.position_size > 0

plotshape(buySignalLabel, style=shape.labelup, location=location.belowbar, color=color.green, size=size.normal, text="Buy", textcolor=color.white, offset=0)
plotshape(sellSignalLabel, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.normal, text="Sell", textcolor=color.white, offset=0)

if buySignal and strategy.position_size == 0
strategy.entry("Long Entry", strategy.long)

if sellSignal and strategy.position_size > 0
strategy.close("Long Entry")

plot(ema, color=color.blue, title="EMA Support")

// Plot the values of the variables in the data window
plotchar(priceAboveEma, "priceAboveEma", "", location.top, size=size.tiny)
plotchar(ppo, "PPO", "", location.top, size=size.tiny)
plotchar(ppoSignal, "PPO Signal", "", location.top, size=size.tiny)
plotchar(ppoSlope, "PPO Slope", "", location.top, size=size.tiny)
plotchar(ppoSignalAngle, "PPO Angle", "", location.top, size=size.tiny)
plotchar(ema, "EMA", "", location.top, size=size.tiny)
plotchar(emaSlope, "EMA Slope", "", location.top, size=size.tiny)
plotchar(close, "Close", "", location.top, size=size.tiny)
plotchar(stopLoss, "stoploss", "", location.top, size=size.tiny)
plotchar(strategy.position_size, "Position Size", "", location.top, size=size.tiny)
plotchar(strategy.position_avg_price, "Position Avg Price", "", location.top, size=size.tiny)

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wanderer said:

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ENVX. Up 17% on the day. Today probably isn't a great day to enter, but if it can clear that ~15.60 resistance it has a gap at 17.77 to fill.

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Bird Poo said:

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ProgN said:

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Howdy family, if anyone in here has a chunk of cash sitting on the sidelines and might be interested in a almost 1.75% ONE DAY CDish return on your cash, then buy $XRX today.

XRX, isn't volatile and it goes ex-dividend tomorrow, so you'd capture that dividend just for holding the stock overnight.

Just an idea to pick up some walking around money on your sideline cash.

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So if I buy @ 14.20 today, what if it continues to go down tomorrow?

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