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    Reversion Zone Index by Profitprotrading

    Uploaded by

    kashinath09

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    Reversion Zone Index by Profitprotrading

    Uploaded by

    kashinath09
    74 views1 page

    Original Title

    Reversion Zone Index by Profitprotrading Copy

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    74 views1 page

    Reversion Zone Index by Profitprotrading

    Uploaded by

    kashinath09

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 1

    // This source code is subject to the terms of the Mozilla Public License 2.

    0 at
    https://mozilla.org/MPL/2.0/
    // © profitprotrading
    //@version=5
    indicator(title='Reversion Zone Index', shorttitle='RZI', overlay=false, precision
    = 0)

    //CCI
    lengthX = input.int(20, minval=1, group = "CCI")
    srcX = input(hlc3, title="Source", group = "CCI")
    maX = ta.sma(srcX, lengthX)
    cci = (srcX - maX) / (0.015 * ta.dev(srcX, lengthX))
    cci := cci/2

    // Choppiness Index Calculation


    length = input(14, 'CI Length', group = "Choppiness Index")
    chopLength = input(14, 'Chop Length', group = "Choppiness Index")
    ci = 100 * math.log10(math.sum(ta.atr(1), chopLength) / (ta.highest(chopLength) -
    ta.lowest(chopLength))) / math.log10(chopLength)

    //BB%
    length1 = input.int(20, minval=1)
    src = input(close, title="Source", group = "BB Percentile")
    mult = input.float(2.0, minval=0.001, maxval=50, title="StdDev", group = "BB
    Percentile")
    basis = ta.sma(src, length1)
    dev = mult * ta.stdev(src, length1)
    upper = basis + dev
    lower = basis - dev
    bbr = (src - lower)/(upper - lower)
    bbr := bbr*80

    comb = (ci + bbr) / 2


    comb := comb*3

    comb2 = (ci + cci + bbr)/3


    combX = ta.ema(comb2, 10)

    //Plotting
    col = color.from_gradient(combX, 7, 60, color.rgb(0, 200, 7), color.rgb(222, 0, 0))
    up = 60
    dn = 10
    up1 = plot(up, "Overbought", color = color.rgb(255, 255, 255))
    dn1 = plot(dn, "Oversold", color = color.white)
    mid = plot(33.5, display = display.none)
    combX1 = plot(combX, linewidth = 4, color = col, style = plot.style_line)
    plotshape(comb2 < -10, style = shape.triangleup, color = color.rgb(0, 235, 8),
    location = location.bottom, size = size.tiny)
    plotshape(comb2 > 70, style = shape.triangledown, color = color.rgb(255, 0, 0),
    location = location.top, size = size.tiny)

    fill(combX1, mid, 75, 40, top_color = color.new(#d50000, 0), bottom_color =


    color.new(#000000, 100), title = "Overbought Gradient Fill")
    fill(combX1, mid, 15, -5, top_color = color.new(#000000, 100), bottom_color =
    color.new(#23bf00, 0), title = "Overbought Gradient Fill")

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