PROTECTED SOURCE SCRIPT
TheStrat Teach V2
Updated
This indicator was coded to help me see, learn and trade TheStrat. Please share with the wider community and good luck trading. See my profile signature for contact details or questions.
// BAR NUMBERS
Using the 1, 2, 3 numbering system on the chart allows you to quickly see various combinations.
- Possibility to up/down ARROWS or the “U/D” text
- Decide which number to show and the colour
- Position and colouring are editable of numbers and bars (1, 2, 3)
- Limited to the last 100 candles for performance.
// TARGET LINES
Add target HIGH and LOW lines with custom timeframe option (default D and previous candle) to identify the target lines for long and short move.
- Possible to reposition target candle focus to previous or current candle
- Added the 50% line for visual reference or use in 0.5 retracement
- Also, possible to show both bull/bears 0.618 lines
- Ability to change all line colours and style
//HIGHER TIME FRAME
Four custom time frames can be selected to show their timeframe HIGH/LOW on lower timeframes which allows you to keep track of important price ranges on higher timeframes.
- Default to M, W, D, 1 hour including pricing labels on each HIGH/LOW line
- Able to change all line colours and styles
// TheSTRAT patterns
Once enabled it shows the various patterns historically for learning purposes to help identify the various #TheSTRAT combo or for to back test patterns.
- Patterns: 2-1-2/1-2-2/3-2-2/3-1-2/2-2-2 Randy Jackson/3-2/2-2/1-3/3-1/Pivot MG
- Added Hammers and Shooters labels
//ALERTS
Added alert conditions to setup alerts on target H/L lines and all four custom H/L lines.
- Triggers when price movement crosses above the HIGH line
- Triggers when price movement crosses below the LOW line
// INFO PANEL
The info panel is a summary information area to show Full Time Frame Continuity (FTFC) and suggests possible actionable setup on the current chart. It is possible to disable sections.
ATR(D) : shows the daily movement potential of the stock over the last 14 days
Num # : Take the percentage drawdown of portfolio size amount divided by the current stock price (15% of 5000 = 750 drawdown max)
Risk
LG : Stop loss risk amount long - shows price difference between the current candle low and previous candle low, assuming you use this for your stop loss x Num #
RiskLG : Stop loss risk amount short - shows price difference between the current candle low and previous candle low, assuming you use this for your stop loss x Num #
H/4H/D/W/M : Full Time Continuity (FTC) to see if open is above (green) or below (red) close of current candle in that time frame
Actionable? : Suggest if current view have a possible #TheStrat actionable combo
// BAR NUMBERS
Using the 1, 2, 3 numbering system on the chart allows you to quickly see various combinations.
- Possibility to up/down ARROWS or the “U/D” text
- Decide which number to show and the colour
- Position and colouring are editable of numbers and bars (1, 2, 3)
- Limited to the last 100 candles for performance.
// TARGET LINES
Add target HIGH and LOW lines with custom timeframe option (default D and previous candle) to identify the target lines for long and short move.
- Possible to reposition target candle focus to previous or current candle
- Added the 50% line for visual reference or use in 0.5 retracement
- Also, possible to show both bull/bears 0.618 lines
- Ability to change all line colours and style
//HIGHER TIME FRAME
Four custom time frames can be selected to show their timeframe HIGH/LOW on lower timeframes which allows you to keep track of important price ranges on higher timeframes.
- Default to M, W, D, 1 hour including pricing labels on each HIGH/LOW line
- Able to change all line colours and styles
// TheSTRAT patterns
Once enabled it shows the various patterns historically for learning purposes to help identify the various #TheSTRAT combo or for to back test patterns.
- Patterns: 2-1-2/1-2-2/3-2-2/3-1-2/2-2-2 Randy Jackson/3-2/2-2/1-3/3-1/Pivot MG
- Added Hammers and Shooters labels
//ALERTS
Added alert conditions to setup alerts on target H/L lines and all four custom H/L lines.
- Triggers when price movement crosses above the HIGH line
- Triggers when price movement crosses below the LOW line
// INFO PANEL
The info panel is a summary information area to show Full Time Frame Continuity (FTFC) and suggests possible actionable setup on the current chart. It is possible to disable sections.
ATR(D) : shows the daily movement potential of the stock over the last 14 days
Num # : Take the percentage drawdown of portfolio size amount divided by the current stock price (15% of 5000 = 750 drawdown max)
Risk
LG : Stop loss risk amount long - shows price difference between the current candle low and previous candle low, assuming you use this for your stop loss x Num #Risk
LG : Stop loss risk amount short - shows price difference between the current candle low and previous candle low, assuming you use this for your stop loss x Num #H/4H/D/W/M : Full Time Continuity (FTC) to see if open is above (green) or below (red) close of current candle in that time frame
Actionable? : Suggest if current view have a possible #TheStrat actionable combo
Release Notes
Change price label 'push right' to allow for smaller values (eg 0.6, 0.05) when on 15min to bring price labels closer to the candlesFixed coding error in alertcondition for the LOW lines
Release Notes
Created Highlight Pattern sectionFixed alert message text
Release Notes
Added Pivot MG to the pattern sectionRelease Notes
Updating the description of the RISK LG and RISK SSH section (seems I cannot change the published description text)Risk
LG : Stop loss risk amount long - shows price difference between the current candle high and previous candle low (assuming you use this for your stop loss) x Num #Risk SSH : Stop loss risk amount short - shows price difference between the current candle low and previous candle high (assuming you use this for your stop loss) x Num #
Also allowed the time frames fibs to be colour changed
Release Notes
Added 3M label lineRelease Notes
Added a introduction video on the features of the indicator : 
Release Notes
Added ability to change colour from white to custom colour for TheStrat Patterns in support of users with a white background.Release Notes
Add ability to change FIB line stylesRelease Notes
Three SUGGESTED price targets (PT) - enable this and the indicator will suggest three high/lower price targets with price labels within a look back period (default 30 candles).Release Notes
* Add "Y" (12M) to the FTFC info panel* Select which FTFC you want to see (H/4H/D/W/M/Q/Y)
* Cleaned up some redundant code
* Repositioned indicator setting alignment
* Added 13 min timeframe
Just finished a new indicator "TheStrat Alerts" please send me a DM, offering a 1 month trail.
Release Notes
UPDATE: added requested timeframes to the TARGET lines : 45, 90, 240 (4H). Now you can see target H and target L on these time frames, and set alerts on the break of these target lines.
Release Notes
UPDATE: added the 15 min and 30 min timeframe to the Full Time Frame Continuity (FTFC) panel. Both 15 and 30 min are turned off by default. Please enable these in the settings and scroll to the bottom to select which FTFC you wish you view. Release Notes
UPDATE: Added the timeframe label to show on the 0.5 label on the Multi TimeFrame lines. Added also more timeframes on which the labels will show because not all favorited timeframes have labels
- The main timeframes that will show labels are currently are : 13, 15, 26,30, 45, 60,65, 90 , 130, 1H, 4H, 1D, 1W, 1M, 3M, 12M
Release Notes
BUG FIX:1) Strat Number below : fixed distance multiplier allowing the number to be closer to the candles by changing this number. Minimum value is 0.001.
2) Info Panel : added 10min, 5 min and 3 min to the FTFC info table.
3) Multi Timeframe line : Fixed bug that drew vertical line when on higher timeframe. Now hides vertical line when timeframe is higher than the target timeframe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.