PROTECTED SOURCE SCRIPT
Emitter + Extensive [CLEVER]

The provided script is a complex, two-part Pine Script indicator designed for use on TradingView. It combines two main strategies: the Emitter [CLEVER] module for generating trading signals using an oscillator, and the Extensive [CLEVER] module for identifying trend direction and potential liquidity zones using a variation of the Variable Index Dynamic Average .
Here is a description of its components and function:
Indicator Name
"Emitter + Extensive [CLEVER]" (set to overlay = true, meaning it draws directly over the price chart).
XAUUSD 
GBPMXN
BTCUSD 
EURUSD 
USDCNH
XAUUSD
Emitter [CLEVER] Module
This module is designed to generate specific buy/sell signals based on a modified Relative Strength Index (RSI) oscillator.
Core Logic: It calculates the RSI (Length 10) and applies a custom smoothing technique called "Discontinued Signal Lines (DSL)" and a "Zero-Lag Exponential Moving Average (ZLEMA)". This creates an oscillator line (dsl_osc) and upper/lower bounds (level_up, level_dn).
Timeframes: It supports multi-timeframe (MTF) analysis, allowing the user to view oscillator signals calculated from a different timeframe than the one currently displayed on the chart via the request.security() function.
Signals:
Buy (Up) Signal: A green triangle appears below the bar when the oscillator crosses above its lower DSL line (level_dn) and the oscillator is below 55 (suggesting a potential entry from oversold conditions). The background and candle color turn green.
Sell (Down) Signal: A red triangle appears above the bar when the oscillator crosses below its upper DSL line (level_up) and the oscillator is above 50. The background and candle color turn red.
Visuals: It uses plotshape for triangles, bgcolor for background shading, and plotcandle to color the actual price candles based on the identified trend signals.
Extensive [CLEVER] Module
This module is intended to identify the primary market trend and potential areas of support/resistance ("liquidity levels"). The latter part of this module relating to drawing liquidity lines appears to be incomplete or disabled in the provided code.
Core Logic: It utilizes the VIDYA (Variable Index Dynamic Average), a moving average that adjusts its smoothing factor based on market volatility (momentum). The ta.atr(200) is used to measure volatility.
Trend Identification:
It calculates upper and lower bands around the VIDYA value using an ATR multiplier (band_distance).
The is_trend_up boolean variable changes state when the price (src_tf) crosses these bands.
The indicator defines an uptrend when the price crosses above the upper_band, and a downtrend when the price crosses below the lower_band.
Liquidity/Support (Incomplete): The script initializes arrays (liquidity_lines_low, liquidity_lines_high) and a placeholder extend_liquidity_lines function, suggesting an intent to plot historical pivot points or support/resistance lines that get extended across the chart. However, this functionality is not fully implemented in the provided snippet.
Summary
The combined indicator provides a comprehensive trading view:
Trend Context: The "Extensive" module establishes the overarching direction (up or down trend) based on volatility-adjusted moving averages.
Entry Signals: The "Emitter" module provides specific, colored visual signals (triangles and candle colors) when an underlying oscillator moves into favorable positions within that trend context.
Customization: Both modules offer user inputs to adjust lengths, momentum factors, distance factors, and timeframes, making it highly customizable within the TradingView interface
Here is a description of its components and function:
Indicator Name
"Emitter + Extensive [CLEVER]" (set to overlay = true, meaning it draws directly over the price chart).
Emitter [CLEVER] Module
This module is designed to generate specific buy/sell signals based on a modified Relative Strength Index (RSI) oscillator.
Core Logic: It calculates the RSI (Length 10) and applies a custom smoothing technique called "Discontinued Signal Lines (DSL)" and a "Zero-Lag Exponential Moving Average (ZLEMA)". This creates an oscillator line (dsl_osc) and upper/lower bounds (level_up, level_dn).
Timeframes: It supports multi-timeframe (MTF) analysis, allowing the user to view oscillator signals calculated from a different timeframe than the one currently displayed on the chart via the request.security() function.
Signals:
Buy (Up) Signal: A green triangle appears below the bar when the oscillator crosses above its lower DSL line (level_dn) and the oscillator is below 55 (suggesting a potential entry from oversold conditions). The background and candle color turn green.
Sell (Down) Signal: A red triangle appears above the bar when the oscillator crosses below its upper DSL line (level_up) and the oscillator is above 50. The background and candle color turn red.
Visuals: It uses plotshape for triangles, bgcolor for background shading, and plotcandle to color the actual price candles based on the identified trend signals.
Extensive [CLEVER] Module
This module is intended to identify the primary market trend and potential areas of support/resistance ("liquidity levels"). The latter part of this module relating to drawing liquidity lines appears to be incomplete or disabled in the provided code.
Core Logic: It utilizes the VIDYA (Variable Index Dynamic Average), a moving average that adjusts its smoothing factor based on market volatility (momentum). The ta.atr(200) is used to measure volatility.
Trend Identification:
It calculates upper and lower bands around the VIDYA value using an ATR multiplier (band_distance).
The is_trend_up boolean variable changes state when the price (src_tf) crosses these bands.
The indicator defines an uptrend when the price crosses above the upper_band, and a downtrend when the price crosses below the lower_band.
Liquidity/Support (Incomplete): The script initializes arrays (liquidity_lines_low, liquidity_lines_high) and a placeholder extend_liquidity_lines function, suggesting an intent to plot historical pivot points or support/resistance lines that get extended across the chart. However, this functionality is not fully implemented in the provided snippet.
Summary
The combined indicator provides a comprehensive trading view:
Trend Context: The "Extensive" module establishes the overarching direction (up or down trend) based on volatility-adjusted moving averages.
Entry Signals: The "Emitter" module provides specific, colored visual signals (triangles and candle colors) when an underlying oscillator moves into favorable positions within that trend context.
Customization: Both modules offer user inputs to adjust lengths, momentum factors, distance factors, and timeframes, making it highly customizable within the TradingView interface
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.