ST Bounce

//Author - DieciTrader

//Original Author - Rajandran R (thanks for this great script!)

//@version=2

strategy("ST_Bounce", overlay=true)//, initial_capital=10000, currency='INR')

//study("ST_Bounce", overlay=true)

Factor=input(3, minval=1,maxval = 100)

Pd=input(7, minval=1,maxval = 100)

Up=hl2-(Factor*atr(Pd))

Dn=hl2+(Factor*atr(Pd))

TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up

TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn

Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1)

Tsl = Trend==1? TrendUp: TrendDown

linecolor = Trend == 1 ? green : red

plot(Tsl, color = linecolor , style = line , linewidth = 2,title = "SuperTrend")

//plotshape(cross(high,Tsl) and close>Tsl , "Up Arrow", shape.triangleup,location.belowbar,green,0,0)

//plotshape(cross(Tsl,low) and close<Tsl , "Down Arrow", shape.triangledown , location.abovebar, red,0,0)

//plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=60, minheight=50, transp=0)

//plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=60, minheight=50, transp=0)

plotarrow(Trend == 1 and close > Tsl and low < Tsl ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=60, minheight=50, transp=0)

plotarrow(Trend == -1 and close < Tsl and high > Tsl ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=60, minheight=50, transp=0)

//golong = Trend == 1 and Trend[1] == -1

//alertcondition(golong, title='Long', message='SuperTrend V.1 Alert Long')

//goshort = Trend == -1 and Trend[1] == 1

//alertcondition(goshort, title='Short', message='SuperTrend V.1 Alert Short')

longC = (Trend == 1 and close > Tsl and low < Tsl)

shortC = (Trend == -1 and close < Tsl and high > Tsl)

strategy.entry("longCall", strategy.long, when = longC)

strategy.entry("shortCall", strategy.short, when = shortC)

longexit = (Trend == -1)

shortexit = (Trend == 1)

if(longexit)

strategy.close("longCall")

if(shortexit)

strategy.close("shortCall")

//strategy.exit("longCall", "long", when = longexit)

//strategy.exit("shortCall", "short", when = shortexit)