RicardoSantos

[RS][GLAZ]chrislig 5day4 Oscillator V2

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request for chrislig: fixed a issue with condition3.
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study(title="[RS][GLAZ]chrislig 5day4 Oscillator V2", shorttitle="[RS][GLAZ]chrislig 5d4O.V2",overlay=false)
//  ||---   Condition 1 : stock goes up or down 5x in a row
isup(lookback) => close[0+lookback] >= close[1+lookback] ? true : false
isdown(lookback) => close[0+lookback] <= close[1+lookback] ? true : false
condition1 = isup(0) and isup(1) and isup(2) and isup(3) and isup(4) ? 1 :
        isdown(0) and isdown(1) and isdown(2) and isdown(3) and isdown(4) ? -1 : 0
bgcolor(condition1 == 1 ? green : na, transp=70)
bgcolor(condition1 == -1 ? maroon : na, transp=70)
//  ||---   Condition 2 : high of the diference of MA(200) and close
ma1 = sma(close, 200)
diference = close-ma1
difmax = highest(diference, 200)
difmin = lowest(diference, 200)
condition2 = diference >= difmax ? 1 : diference <= difmin ? -1 : 0
//  ||---   Condition 3 : 4 out of 5 extremes in a row
topcounter = diference >= difmax ? 1 : 0
botcounter = diference <= difmin ? 1 : 0
//bgcolor(counter >= 4 ? maroon : counter <= -4 ? green : na)
condition3 = sum(topcounter, 5) >= 4 ? 1 : sum(botcounter, 5) >= 4 ? -1 : 0
bgcolor(condition3 > 0 ? navy : condition3 < 0 ? teal : na, transp=70)
//  ||---   Outputs
out1 = condition1 == 1 and condition2 == 1 ? true : false
out2 = condition1 == -1 and condition2 == -1 ? true : false
plotshape(out1, style=shape.triangledown, location=location.top, color=maroon, text="SELL")
plotshape(out2, style=shape.triangleup, location=location.bottom, color=green, text="BUY")
plot(diference, color=black)
plot(difmax, color=gray, style=circles, linewidth=2)
plot(difmin, color=gray, style=circles, linewidth=2)
hline(0, color=black)
Hi. Can you explain this please. Thanks.
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