Repaints AGAIG A Choice Chart Setup for Trading or Scalping with ThinkOrSwim

[july142]

@csricksdds
Thank you for the code, im excited to run it this week. 2 questions.
What do the ORB lines mean ?
What do the yellow dots in some candles signify ?

 

[csricksdds]

@csricksdds
Thank you for the code, im excited to run it this week. 2 questions.
What do the ORB lines mean ?
What do the yellow dots in some candles signify ?

ORB = Opening Range Breakout and the Yellow dots in some candles means more than normal activity taking place, i.e. extra volume. The opening range breakout frequently acts as a pivot point during the day and at the end of day stocks tend to finish trading towards whichever level it's trading above or below that line (not always but frequently).

 

[AJH18]

Hi. You're a genius! Is there a watchlist column script for the green/red painted bar that we could use to signal a watchlist trade?

 

[IceCode]

I just plugged this on the /ES 8/21/2025 and the signals are perfect. Based on my understanding those long green/red lines mean that two signals are met.. Can you or someone who understands this script explain how many signals the author is looking for in his script and what are they?

Sadly no. You cannot be notified when the 'short' and 'long' symbols appear by using scans or alerts.
The "long" and "short" signals are repainters. Appearing and Disappearing.
You would never ever take a trade based solely on a repainting signal.

Sadly no, they can't be made to not repaint. Which is why they are called repainters
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-149342
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-57833
All threads on the forum preceded with a repaint prefix and all the AGAIG Chart Setups repaint.


The AGAIG chart setups are an excellent representation on the correct use of repainting indicators as part of an overall price action analysis.
This setup only works when you analyze the interaction of ALL the indicators on the whole chart.


@csricksdds recommends using the repainters as a confirming indicator when used with these non-repainters:
https://usethinkscript.com/threads/agaig-trading-guide-summary-in-thinkorswim.19935/
https://usethinkscript.com/threads/...ses-repaint-indicators-for-thinkorswim.20126/
https://usethinkscript.com/threads/agaig-daytrading-scalping-for-success-in-thinkorswim.20383/

I don't think that's what he is asking. I believe there is a way to allow TOS to send you a text message as an alert once a condition is met but I'm not sure how to do it.
I'm still studying this whole script but I believe the "shared_AGAIG_TrendArrows0" study generates the arrows for those histograms.

 

[FellowTrader]

Great work, based on the labels , can we get long/short alerts ?

 

[useThinkScript]

The long / shorts, green / red painted bars are based on the ToS zigzag.

This is a repainter.
ZigZags declares a signal at the lower low at that moment. As the stock continues to fall; the zigzag erases that signal and paints it on the next lower low.
This repainting continues until the stock does actually reverse, making the final signal repainted true.

On VST, there were >30 repainted signals that the stock was at its lowest.

The only way to stop the repainting; is to be able to predict the future; know which lowest low is the last lowest low and know the next bar that occurs is going to be higher. Unfortunately, the ToS app does not have a crystal ball function, so zigzag will forever repaint.

Yes, @IceCode You are correct; it is functionally possible to create watchlists, alerts, scans, conditional orders for repainters.
However, it is against forum guidelines to do so; given it provides no useful information and the possible disastrous consequences of a new member using repainters as stand-alone buy/sell signals.

Sadly no, they can't be made to not repaint. Which is why they are called repainters
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-149342
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-57833
All threads on the forum preceded with a repaint prefix and all the AGAIG Chart Setups repaint.


The AGAIG chart setups are an excellent representation on the correct use of repainting indicators as part of an overall price action analysis.
This setup only works when you analyze the interaction of ALL the indicators on the whole chart.


@csricksdds recommends using the repainters as a confirming indicator when used with these non-repainters:
https://usethinkscript.com/threads/agaig-trading-guide-summary-in-thinkorswim.19935/
https://usethinkscript.com/threads/...ses-repaint-indicators-for-thinkorswim.20126/
https://usethinkscript.com/threads/agaig-daytrading-scalping-for-success-in-thinkorswim.20383/

@antwerks sadly no.
Because none of the losing trades are factored in; backtesting results of repainters have no value


@AJH18 @FellowTrader @IceCode

 

[AJH18]

Hi @csricksdds
I believe you are onto scalping setups that work. Can you summarize the script basis for momentum and determining exhausted sellers for safer long entry? Much appreciated. I don't understand all of the scripts.

 

[csricksdds]

Hi @csricksdds
I believe you are onto scalping setups that work. Can you summarize the script basis for momentum and determining exhausted sellers for safer long entry? Much appreciated. I don't understand all of the scripts.

Yes I am into scalping. The indicators are all based on slightly different trading factors and it is best to have two or more indicators in agreement suggesting a change in direction before placing a trade. I trade following the indicators while recognizing that indicators repaint and I will close trades if the indicators repaint and the market moves against my positions.

 

[sbtosrc]

I usually run the Day Scan in prep of aligning trade ideas for the day coming and then setting up a watchlist with my parameter columns and alert settings to watch during the day and then rerunning the scan after close to do some analysis and realignment if necessary.
Early morning runners I run just before open to see where things are opening at and then again at the ORB timeframe whatever you have set that, for me that is 845 to around 9am
Breakout above 30 day average is a planning tool I run for prep for the week comparing historical values and stocks that might have dropped off or to realize sector rotations
TMO bull scan I run several different ways as prep for bullish moves, daily and intraday for swings or 0DTE trades
Does that answer your question? Everybody does something a little different but the same lol You can tweak the setting for instance my day scan has these criteria chosen: View attachment 25456

Thank you!! This helps.

 

[trader_joe]

Hi @csricksdds thank you for sharing your setup. I am taking it for a spin today, do you have any manual on reading it, arrow colors, plots, etc? Could not find it around here.