//@version=5
indicator("Power Trend Indicator V1.0", overlay=true)
 
length1 = 21
length2 = 50
recentHigh = ta.highest(close, 100)
ema1 = ta.ema(close, length1)
sma1 = ta.sma(close, length2)
 
plot(ema1, color=color.green, title="21-day EMA")
plot(sma1, color=color.red, title="50-day SMA")
 
// Create a table at the top-left of the chart with 2 columns and 3 rows
var table myTable = table.new(position.bottom_right, 2, 3, bgcolor = color.black, border_width = 2, frame_width=1, frame_color = color.white, border_color=color.white)
var table myTable1 = table.new(position.top_right, 1, 2, bgcolor = color.black, border_width = 1, frame_width=1, frame_color = color.white, border_color=color.white)
 
// Populate the table
table.cell(myTable, 0, 0, "EMA")
table.cell(myTable, 1, 0, "Line")
table.cell(myTable, 0, 1, "21 EMA")
table.cell(myTable, 1, 1, "─")
table.cell(myTable, 0, 2, "50 SMA")
table.cell(myTable, 1, 2, "─")
 
 
// Setting cell text color to green and red respectively
table.cell_set_text_color(myTable, 0, 0, color.white)
table.cell_set_text_color(myTable, 1, 0, color.white)
table.cell_set_text_color(myTable, 0, 1, color.white)
table.cell_set_text_color(myTable, 0, 2, color.white)
table.cell_set_text_color(myTable, 1, 1, color.green)
table.cell_set_text_color(myTable, 1, 2, color.red)
 
// Start Conditions
startCondition1 = math.sum(low > ema1 ? 1 : 0, 10) >= 10
startCondition2 = math.sum(ema1 > sma1 ? 1 : 0, 5) >= 5
startCondition3 = sma1 > sma1[1]
startCondition4 = close > open
 
var bool inPosition = false
//var bool startCondition = false
//var bool endCondition = false
 
startCondition = not inPosition and startCondition1 and startCondition2 and startCondition3 and startCondition4
endCondition = inPosition and (ta.crossover(sma1, ema1) or (close < 0.9 * recentHigh and close < sma1))
 
if (startCondition)
    inPosition := true
 
if (endCondition)
    inPosition := false
 
plotshape(startCondition, color=color.green, style=shape.labelup, location=location.belowbar, text="Trend On", textcolor = color.white)
plotshape(endCondition, color=color.red, style=shape.labeldown, location=location.abovebar, text="Trend Off", textcolor = color.white)
 
//Populate Powertrend symbol
// Populate the table
table.cell(myTable1, 0, 0, "Power Trend Status")
table.cell_set_text_color(myTable1, 0, 0, color.white)
 
if (inPosition)
    table.cell(myTable1, 0, 1, "●", text_color = color.green)
else 
    table.cell(myTable1, 0, 1, "●", text_color = color.red)
 
table.set_position(myTable1, position.middle_right)