PINE LIBRARY
STPFunctions
Updated
Library "STPFunctions"
These functions are used as part of the STP trading strategy and include commonly used candle patterns, trade triggers and frequently monitored stock parameters
MAs() Determines if the last price is abover or below key moving averages. MAs used on the daily are SMA20, SMA50 and SMA200. SMA20 and SMA50 are used intraday.
Returns: 1 if the last price/close was over the moving averages. -1 is returned if the last price/close is below the moving averages. 0 is returned otherwise.
HTFOrderFlow(HTF1_open, HTF2_open) Determine the state of the higher time frame order flow.
Parameters:
HTF1_open: float value representing the higher time frame open.
HTF2_open: float value representing the higher time frame open.
Returns: 1 if the last price/close was over the higher time frame open. -1 is returned if the last price/close is below the higher time frame open. 0 is returned otherwise.
OrderFlow() Determine the recent order flow... basically are we well bid or well offered
Returns: 1 if the last 2 candles are well bid. -1 is returned if the last 2 candles are well offered. 0 is returned otherwise.
isInside() Used to flag inside candles
Returns: 1 if the close >= open. -1 is returned if the close <= open. 0 is returned otherwise.
isOutside() Used to flag outside or engulfing candles
Returns: 1 if the close >= open. -1 is returned if the close <= open. 0 is returned otherwise.
isUTN() Used to flag the U-turn reversal pattern
Returns: 1 for a BUTN. -1 is returned for a BRUTN. 0 is returned otherwise.
isSNapBack() Flag for Snapback Entries
Returns: 1 for a bullish snapback setup. -1 is returned for a bearish snapback setup. 0 is returned otherwise.
These functions are used as part of the STP trading strategy and include commonly used candle patterns, trade triggers and frequently monitored stock parameters
MAs() Determines if the last price is abover or below key moving averages. MAs used on the daily are SMA20, SMA50 and SMA200. SMA20 and SMA50 are used intraday.
Returns: 1 if the last price/close was over the moving averages. -1 is returned if the last price/close is below the moving averages. 0 is returned otherwise.
HTFOrderFlow(HTF1_open, HTF2_open) Determine the state of the higher time frame order flow.
Parameters:
HTF1_open: float value representing the higher time frame open.
HTF2_open: float value representing the higher time frame open.
Returns: 1 if the last price/close was over the higher time frame open. -1 is returned if the last price/close is below the higher time frame open. 0 is returned otherwise.
OrderFlow() Determine the recent order flow... basically are we well bid or well offered
Returns: 1 if the last 2 candles are well bid. -1 is returned if the last 2 candles are well offered. 0 is returned otherwise.
isInside() Used to flag inside candles
Returns: 1 if the close >= open. -1 is returned if the close <= open. 0 is returned otherwise.
isOutside() Used to flag outside or engulfing candles
Returns: 1 if the close >= open. -1 is returned if the close <= open. 0 is returned otherwise.
isUTN() Used to flag the U-turn reversal pattern
Returns: 1 for a BUTN. -1 is returned for a BRUTN. 0 is returned otherwise.
isSNapBack() Flag for Snapback Entries
Returns: 1 for a bullish snapback setup. -1 is returned for a bearish snapback setup. 0 is returned otherwise.
Release Notes
v1.1 Removed MA 'fudge factor' from 50SMARelease Notes
v3Updated:
OrderFlow() Determine the recent order flow... basically are we well bid or well offered
Returns: 1 if the last 2 candles are well bid. -1 is returned if the last 2 candles are well offered. 0 is returned otherwise.
Release Notes
v4Release Notes
v5Updated:
OrderFlow() Determine the recent order flow... basically are we well bid or well offered
Returns: 1 if the last 2 candles are well bid. -1 is returned if the last 2 candles are well offered. 0 is returned otherwise.
Release Notes
v6Updated:
OrderFlow() Determine the recent order flow... basically are we well bid or well offered
Returns: 1 if the last 2 candles are well bid. -1 is returned if the last 2 candles are well offered. 0 is returned otherwise.
Pine library
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