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Colour background Buy & Sell Signal

Original - Vdub-Tetris-V0/
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
study("Vdub_Tetris_V2", overlay=true)
Sml_Channel_TF_mins_D_W_M = input("240")
Range = input(1)

SELL = security(tickerid, Sml_Channel_TF_mins_D_W_M, highest(Range))
BUY = security(tickerid, Sml_Channel_TF_mins_D_W_M, lowest(Range))

HI = plot(SELL, color=SELL!=SELL[1]?na:red,linewidth=2 )
LO = plot(BUY, color=BUY!=BUY[1]?na:green,linewidth=2 )
fill(HI, LO, color=#E3CAF1, transp=80)
Hcon = high >= SELL
Lcon = low <= BUY

plotshape(Hcon, style=shape.triangledown, color=maroon, location=location.abovebar, text='SELL')
plotshape(Lcon, style=shape.triangleup, color=green, location=location.belowbar, text='BUY')
range = SELL-BUY
Lrg_Channel_TF_mins_D_W_M = input('D')
M_HIGH = security(tickerid, Lrg_Channel_TF_mins_D_W_M, high)
M_LOW = security(tickerid, Lrg_Channel_TF_mins_D_W_M, low)
plot(M_HIGH, color=M_HIGH != M_HIGH[1] ?na:fuchsia, style=line, linewidth=2)
plot(M_LOW, color=M_LOW != M_LOW[1] ?na:fuchsia, style=line, linewidth=2)
length = input(4)
hls = rma(hl2, length)
isRising = hls >= hls[1]

zigzag1 = isRising and not isRising[1] ? lowest(length) :  not isRising and isRising[1] ? highest(length) : na
plot(zigzag1, color=black)

Zigzag2 = input(false)
zigzag = Hcon ? high : Lcon ? low : na
plot(not Zigzag2 ? na : zigzag, color=red, style=line, linewidth=3)

bgcolor(Hcon >= Lcon ? #FFFFFF : #0000FF, transp=90)
bgcolor(Lcon >= Hcon ? #FFFFFF : #9771C5, transp=80)


Besides the colour background/Buy & Sell Signal is there any other difference between this and V0?

Also it possible to set an alert when buy/sell signal is generated?

Either way, great work!
+1 Svara
Hello from Germany
I have found that it is wonderful for binary options is suitable if one always takes the candle after the signal;). See image.
I have also created a version for the 1min chart. With some experience it works excellently.

Lyiness Lyiness
@Lyiness, it's just a question of the attitude
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