DEEPWATER_THE ONE For ThinkOrSwim

rkwchu said:
Have you experienced in some case "The One" cannot show the drawing in the chart for some stocks? eg. LEVI, CTVA, /BTC
Click to expand...
Try the forex version page 10. SPY works with it as an example. /BTC works during working hours Monday thru Friday for me.
 
Last edited:

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ssaeed73 said:
Looking at the charts today with most stocks in a down trend, it seems the best signals are for going short not long. Perhaps you can add a filter using EMA trends to filter out the buy signals or at least the weaker buy signals otherwise there are too many false positives on the long side.
Click to expand...
The Chande Lower Indicator does some of this I think. More EMA work
 
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Why it does not plot anything on 4 hour chart? I see daily chart.

Daily chart
1759697397776.png


4 Hour chart
1759697429921.png



Update:
I enabled Extended hour and now can see the indicator, however I see it only for couple of days. I don't see it for historical data? My chart is for 180 days (4 hour) and I see indicator from Aug 2025.

1759698249135.png
 
Last edited:
This is really great. To save some space on chart, converted to upper study with below,

1. It plot green buy arrow if there is green and yellow spike.
2. It plot yellow arrow (less conviction) when there is only yellow spike.
3. It will block sell (Magenta) arrow only if there is big red downward spike followed by magenta spike to avoid false signal.

Ruby: 
#DEEPWATER_THE ONE 10/04/2025 revision 8 - Modified to Upper Study with Arrows
# Original Credit - Deepwater [https://usethinkscript.com/members/deepwater.11630/]
#https://usethinkscript.com/threads/deepwater_the-one.6518/

declare upper;

input length = 20;
input length2 = 15;
input price = close;
input averageType = AverageType.WILDERS;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageTypeMACD = AverageType.EXPONENTIAL;
def Diff = MACD(fastLength, slowLength, MACDLength, averageTypeMACD).Diff;
def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
def RSIAvg3 = MovingAverage(averageType, (RSI), 3);
def RSIAvg5 = MovingAverage(averageType, (RSI), 5);
def RSI3OverSoldpivit = RSIAvg3 > RSIAvg3[1] and RSIAvg3[1] > RSIAvg3[2] and RSIAvg3[2] < RSIAvg3[3] and RSIAvg3[3] < RSIAvg3 [4];
def RSI3OverBoughtpivit = RSIAvg3 < RSIAvg3[1] and RSIAvg3[1] < RSIAvg3[2] and RSIAvg3[2] > RSIAvg3[3] and RSIAvg3[3] > RSIAvg3 [4];
#--------------------5 day MA
input displace = 0;
input showBreakoutSignals = no;
def MAvgExp14 = ExpAverage(price[-displace], 14);
def MAvgExp7 = ExpAverage(price[-displace], 7);
#--------------------oversold
def twoBarPivotMACD = Diff > Diff[1] and Diff[1] > Diff[2] and Diff[2] < Diff[3] and Diff[3] < Diff [4];
def overSoldRSI = RSI <= 32;
def overSoldRSIHeavy = RSI <= 30 and Diff < 0 and (close < close[7]);
def TrendReversalalert = (twoBarPivotMACD and Highest(overSoldRSI, 6) > 0) / 3;

def TrendReversal1 = (twoBarPivotMACD and RSIAvg3 < 45 and Highest(overSoldRSIHeavy, 6) > 0) / 1.4;
def TrendReversalstrongbuy = ((TrendReversal1[1] > 0 or TrendReversal1[2] > 0 or TrendReversal1[3] > 0 or TrendReversal1[4] > 0 or TrendReversal1[5] > 0 or TrendReversal1[6] > 0 or TrendReversal1[7] > 0 or TrendReversal1[8] > 0 or TrendReversal1[9] > 0 or TrendReversal1[10] > 0 or TrendReversal1[11] > 0 or TrendReversal1[12] > 0 or TrendReversal1[13] > 0 or TrendReversal1[14] > 0) and twoBarPivotMACD and RSIAvg3 < 45 and Highest(overSoldRSIHeavy, 6) > 0) / 1.1;
def TrendReversal = (twoBarPivotMACD and TrendReversalstrongbuy < 1 and Highest(overSoldRSI, 6) > 0) / 3;

# Plot small yellow arrow when small yellow condition meets and no green conditions
plot YellowArrow = if TrendReversal > 0 and TrendReversal1 <= 0 and TrendReversalstrongbuy <= 0 then low * 0.995 else Double.NaN;
YellowArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
YellowArrow.SetDefaultColor(Color.YELLOW);
YellowArrow.SetLineWeight(1);
YellowArrow.HideBubble();

# Plot medium green arrow when medium green condition meets and no strong buy
plot MediumGreenArrow = if TrendReversal1 > 0 and TrendReversalstrongbuy <= 0 then low * 0.995 else Double.NaN;
MediumGreenArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
MediumGreenArrow.SetDefaultColor(Color.GREEN);
MediumGreenArrow.SetLineWeight(3);
MediumGreenArrow.HideBubble();

# Plot big green arrow when big green condition meets
plot BigGreenArrow = if TrendReversalstrongbuy > 0 then low * 0.99 else Double.NaN;
BigGreenArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
BigGreenArrow.SetDefaultColor(Color.GREEN);
BigGreenArrow.SetLineWeight(5);
BigGreenArrow.HideBubble();

#-----------------------Overbought
def twoBarPivotMACD1 = Diff < Diff[1] and Diff[1] < Diff[2] and Diff[2] > Diff[3] and Diff[3] > Diff [4];
def overboughtRSI = RSIAvg3 >= 65 and Diff > 0;
def TrendReversalalert20 = (twoBarPivotMACD1 and Highest(overboughtRSI[1], 7) > 0);
def TrendReversal20 = 1 - (((RSIAvg3 >= 68 and RSI < RSIAvg3[2]) and RSI3OverBoughtpivit)/ 1.5) ;
def TrendReversal20a = 1 - ((((RSIAvg3 >= 60 and RSIAvg3 < 65 )and RSI < RSIAvg3[2]) and RSI3OverBoughtpivit) / 4) ;
def TrendReversal50 = 1 - ((RSIAvg5 >= 65 and close < MAvgExp14) / 2) ;
#--------------------------RSI cumulative running total
def RSICalc1 = if RSI > 70 then 4 else if RSI < 30 then -4 else 0;
def RSICalc2 = if RSI[1] > 70 then 3 else if RSI[1] < 30 then -3 else 0;
def RSICalc3 = if RSI[2] > 70 then 1 else if RSI[2] < 30 then -1 else 0;
def RSICalc4 = if RSI[3] > 70 then 1 else if RSI[3] < 30 then -1 else 0;
def RSICalc5 = if RSI[4] > 70 then 1 else if RSI[4] < 30 then -1 else 0;
def RSICalc6 = if RSI[5] > 70 then 1 else if RSI[5] < 30 then -1 else 0;
def RSICalc7 = if RSI[6] > 70 then 1 else if RSI[6] < 30 then -1 else 0;
def RSICalc8 = if RSI[7] > 70 then 1 else if RSI[7] < 30 then -1 else 0;
def RSICalc9 = if RSI[8] > 70 then 1 else if RSI[8] < 30 then -1 else 0;
def RSICalc10 = if RSI[9] > 70 then 1 else if RSI[9] < 30 then -1 else 0;
def RSICalc11 = if RSI[10] > 70 then 1 else if RSI[10] < 30 then -1 else 0;
def RSICalc12 = if RSI[11] > 70 then 1 else if RSI[11] < 30 then -1 else 0;
def RSICalc13 = if RSI[12] > 70 then 1 else if RSI[12] < 30 then -1 else 0;
def RSICalc14 = if RSI[13] > 70 then 1 else if RSI[13] < 30 then -1 else 0;
def RSICalc15 = if RSI[14] > 70 then 1 else if RSI[14] < 30 then -1 else 0;
def RSICalc16 = if RSI[15] > 70 then 1 else if RSI[15] < 30 then -1 else 0;
def RSICalc17 = if RSI[16] > 70 then 1 else if RSI[16] < 30 then -1 else 0;
def RSICalc18 = if RSI[17] > 70 then 1 else if RSI[17] < 30 then -1 else 0;
def RSICalc19 = if RSI[18] > 70 then 1 else if RSI[18] < 30 then -1 else 0;
def RSICalc20 = if RSI[19] > 70 then 1 else if RSI[19] < 30 then -1 else 0;
def RSICalc21 = if RSI[20] > 70 then 1 else if RSI[20] < 30 then -1 else 0;
def RSICalc22 = if RSI[21] > 70 then .1 else if RSI[21] < 30 then -.1 else 0;
def RSICalc23 = if RSI[22] > 70 then .1 else if RSI[22] < 30 then -.1 else 0;
def RSICalc24 = if RSI[23] > 70 then .1 else if RSI[23] < 30 then -.1 else 0;
def RSICalc25 = if RSI[24] > 70 then .1 else if RSI[24] < 30 then -.1 else 0;
def RSICalc26 = if RSI[25] > 70 then .1 else if RSI[25] < 30 then -.1 else 0;
def RSICalc27 = if RSI[26] > 70 then .1 else if RSI[26] < 30 then -.1 else 0;
def RSICalc28 = if RSI[27] > 70 then .1 else if RSI[27] < 30 then -.1 else 0;
def RSICalc29 = if RSI[28] > 70 then .1 else if RSI[28] < 30 then -.1 else 0;
def RSICalc30 = if RSI[29] > 70 then .1 else if RSI[29] < 30 then -.1 else 0;
def RSI30DayAvg = RSICalc1 + RSICalc2 + RSICalc3 + RSICalc4 + RSICalc5 + RSICalc6 + RSICalc7 + RSICalc8 + RSICalc9 + RSICalc10 + RSICalc11 + RSICalc12 + RSICalc13 + RSICalc14 + RSICalc15 + RSICalc16 + RSICalc17 + RSICalc18 + RSICalc19 + RSICalc20 + RSICalc21 + RSICalc22 + RSICalc23 + RSICalc24 + RSICalc25 + RSICalc26 + RSICalc27 + RSICalc28 + RSICalc29 + RSICalc30;
def TrendReversal5 = 1 - (((RSI30DayAvg >= 10 and RSI30DayAvg < 15) and close < MAvgExp7) / 2) ;
def TrendReversal5a = 1 - (((RSI30DayAvg >= 16 and RSI30DayAvg < 25) and close < MAvgExp7) / 1.3) ;
def TrendReversal5b = 1 - ((RSI30DayAvg >= 25 and close < MAvgExp7) / 1.05) ;

def RedCondition = TrendReversal20 < 1 or TrendReversal20a < 1 or TrendReversal50 < 1;
def MagentaCondition = TrendReversal5 < 1 or TrendReversal5a < 1 or TrendReversal5b < 1;

# Plot down arrow when magenta condition meets after recent red condition
plot DownArrow = if MagentaCondition and Highest(RedCondition[1], 14) then high * 1.005 else Double.NaN;
DownArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
DownArrow.SetDefaultColor(Color.MAGENTA);
DownArrow.SetLineWeight(3);
DownArrow.HideBubble();
 
AlwaysLearning said:
This is really great. To save some space on chart, converted to upper study with below,

1. It plot green buy arrow if there is green and yellow spike.
2. It plot yellow arrow (less conviction) when there is only yellow spike.
3. It will block sell (Magenta) arrow only if there is big red downward spike followed by magenta spike to avoid false signal.

Ruby: 
#DEEPWATER_THE ONE 10/04/2025 revision 8 - Modified to Upper Study with Arrows
# Original Credit - Deepwater [https://usethinkscript.com/members/deepwater.11630/]
#https://usethinkscript.com/threads/deepwater_the-one.6518/

declare upper;

input length = 20;
input length2 = 15;
input price = close;
input averageType = AverageType.WILDERS;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageTypeMACD = AverageType.EXPONENTIAL;
def Diff = MACD(fastLength, slowLength, MACDLength, averageTypeMACD).Diff;
def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
def RSIAvg3 = MovingAverage(averageType, (RSI), 3);
def RSIAvg5 = MovingAverage(averageType, (RSI), 5);
def RSI3OverSoldpivit = RSIAvg3 > RSIAvg3[1] and RSIAvg3[1] > RSIAvg3[2] and RSIAvg3[2] < RSIAvg3[3] and RSIAvg3[3] < RSIAvg3 [4];
def RSI3OverBoughtpivit = RSIAvg3 < RSIAvg3[1] and RSIAvg3[1] < RSIAvg3[2] and RSIAvg3[2] > RSIAvg3[3] and RSIAvg3[3] > RSIAvg3 [4];
#--------------------5 day MA
input displace = 0;
input showBreakoutSignals = no;
def MAvgExp14 = ExpAverage(price[-displace], 14);
def MAvgExp7 = ExpAverage(price[-displace], 7);
#--------------------oversold
def twoBarPivotMACD = Diff > Diff[1] and Diff[1] > Diff[2] and Diff[2] < Diff[3] and Diff[3] < Diff [4];
def overSoldRSI = RSI <= 32;
def overSoldRSIHeavy = RSI <= 30 and Diff < 0 and (close < close[7]);
def TrendReversalalert = (twoBarPivotMACD and Highest(overSoldRSI, 6) > 0) / 3;

def TrendReversal1 = (twoBarPivotMACD and RSIAvg3 < 45 and Highest(overSoldRSIHeavy, 6) > 0) / 1.4;
def TrendReversalstrongbuy = ((TrendReversal1[1] > 0 or TrendReversal1[2] > 0 or TrendReversal1[3] > 0 or TrendReversal1[4] > 0 or TrendReversal1[5] > 0 or TrendReversal1[6] > 0 or TrendReversal1[7] > 0 or TrendReversal1[8] > 0 or TrendReversal1[9] > 0 or TrendReversal1[10] > 0 or TrendReversal1[11] > 0 or TrendReversal1[12] > 0 or TrendReversal1[13] > 0 or TrendReversal1[14] > 0) and twoBarPivotMACD and RSIAvg3 < 45 and Highest(overSoldRSIHeavy, 6) > 0) / 1.1;
def TrendReversal = (twoBarPivotMACD and TrendReversalstrongbuy < 1 and Highest(overSoldRSI, 6) > 0) / 3;

# Plot small yellow arrow when small yellow condition meets and no green conditions
plot YellowArrow = if TrendReversal > 0 and TrendReversal1 <= 0 and TrendReversalstrongbuy <= 0 then low * 0.995 else Double.NaN;
YellowArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
YellowArrow.SetDefaultColor(Color.YELLOW);
YellowArrow.SetLineWeight(1);
YellowArrow.HideBubble();

# Plot medium green arrow when medium green condition meets and no strong buy
plot MediumGreenArrow = if TrendReversal1 > 0 and TrendReversalstrongbuy <= 0 then low * 0.995 else Double.NaN;
MediumGreenArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
MediumGreenArrow.SetDefaultColor(Color.GREEN);
MediumGreenArrow.SetLineWeight(3);
MediumGreenArrow.HideBubble();

# Plot big green arrow when big green condition meets
plot BigGreenArrow = if TrendReversalstrongbuy > 0 then low * 0.99 else Double.NaN;
BigGreenArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
BigGreenArrow.SetDefaultColor(Color.GREEN);
BigGreenArrow.SetLineWeight(5);
BigGreenArrow.HideBubble();

#-----------------------Overbought
def twoBarPivotMACD1 = Diff < Diff[1] and Diff[1] < Diff[2] and Diff[2] > Diff[3] and Diff[3] > Diff [4];
def overboughtRSI = RSIAvg3 >= 65 and Diff > 0;
def TrendReversalalert20 = (twoBarPivotMACD1 and Highest(overboughtRSI[1], 7) > 0);
def TrendReversal20 = 1 - (((RSIAvg3 >= 68 and RSI < RSIAvg3[2]) and RSI3OverBoughtpivit)/ 1.5) ;
def TrendReversal20a = 1 - ((((RSIAvg3 >= 60 and RSIAvg3 < 65 )and RSI < RSIAvg3[2]) and RSI3OverBoughtpivit) / 4) ;
def TrendReversal50 = 1 - ((RSIAvg5 >= 65 and close < MAvgExp14) / 2) ;
#--------------------------RSI cumulative running total
def RSICalc1 = if RSI > 70 then 4 else if RSI < 30 then -4 else 0;
def RSICalc2 = if RSI[1] > 70 then 3 else if RSI[1] < 30 then -3 else 0;
def RSICalc3 = if RSI[2] > 70 then 1 else if RSI[2] < 30 then -1 else 0;
def RSICalc4 = if RSI[3] > 70 then 1 else if RSI[3] < 30 then -1 else 0;
def RSICalc5 = if RSI[4] > 70 then 1 else if RSI[4] < 30 then -1 else 0;
def RSICalc6 = if RSI[5] > 70 then 1 else if RSI[5] < 30 then -1 else 0;
def RSICalc7 = if RSI[6] > 70 then 1 else if RSI[6] < 30 then -1 else 0;
def RSICalc8 = if RSI[7] > 70 then 1 else if RSI[7] < 30 then -1 else 0;
def RSICalc9 = if RSI[8] > 70 then 1 else if RSI[8] < 30 then -1 else 0;
def RSICalc10 = if RSI[9] > 70 then 1 else if RSI[9] < 30 then -1 else 0;
def RSICalc11 = if RSI[10] > 70 then 1 else if RSI[10] < 30 then -1 else 0;
def RSICalc12 = if RSI[11] > 70 then 1 else if RSI[11] < 30 then -1 else 0;
def RSICalc13 = if RSI[12] > 70 then 1 else if RSI[12] < 30 then -1 else 0;
def RSICalc14 = if RSI[13] > 70 then 1 else if RSI[13] < 30 then -1 else 0;
def RSICalc15 = if RSI[14] > 70 then 1 else if RSI[14] < 30 then -1 else 0;
def RSICalc16 = if RSI[15] > 70 then 1 else if RSI[15] < 30 then -1 else 0;
def RSICalc17 = if RSI[16] > 70 then 1 else if RSI[16] < 30 then -1 else 0;
def RSICalc18 = if RSI[17] > 70 then 1 else if RSI[17] < 30 then -1 else 0;
def RSICalc19 = if RSI[18] > 70 then 1 else if RSI[18] < 30 then -1 else 0;
def RSICalc20 = if RSI[19] > 70 then 1 else if RSI[19] < 30 then -1 else 0;
def RSICalc21 = if RSI[20] > 70 then 1 else if RSI[20] < 30 then -1 else 0;
def RSICalc22 = if RSI[21] > 70 then .1 else if RSI[21] < 30 then -.1 else 0;
def RSICalc23 = if RSI[22] > 70 then .1 else if RSI[22] < 30 then -.1 else 0;
def RSICalc24 = if RSI[23] > 70 then .1 else if RSI[23] < 30 then -.1 else 0;
def RSICalc25 = if RSI[24] > 70 then .1 else if RSI[24] < 30 then -.1 else 0;
def RSICalc26 = if RSI[25] > 70 then .1 else if RSI[25] < 30 then -.1 else 0;
def RSICalc27 = if RSI[26] > 70 then .1 else if RSI[26] < 30 then -.1 else 0;
def RSICalc28 = if RSI[27] > 70 then .1 else if RSI[27] < 30 then -.1 else 0;
def RSICalc29 = if RSI[28] > 70 then .1 else if RSI[28] < 30 then -.1 else 0;
def RSICalc30 = if RSI[29] > 70 then .1 else if RSI[29] < 30 then -.1 else 0;
def RSI30DayAvg = RSICalc1 + RSICalc2 + RSICalc3 + RSICalc4 + RSICalc5 + RSICalc6 + RSICalc7 + RSICalc8 + RSICalc9 + RSICalc10 + RSICalc11 + RSICalc12 + RSICalc13 + RSICalc14 + RSICalc15 + RSICalc16 + RSICalc17 + RSICalc18 + RSICalc19 + RSICalc20 + RSICalc21 + RSICalc22 + RSICalc23 + RSICalc24 + RSICalc25 + RSICalc26 + RSICalc27 + RSICalc28 + RSICalc29 + RSICalc30;
def TrendReversal5 = 1 - (((RSI30DayAvg >= 10 and RSI30DayAvg < 15) and close < MAvgExp7) / 2) ;
def TrendReversal5a = 1 - (((RSI30DayAvg >= 16 and RSI30DayAvg < 25) and close < MAvgExp7) / 1.3) ;
def TrendReversal5b = 1 - ((RSI30DayAvg >= 25 and close < MAvgExp7) / 1.05) ;

def RedCondition = TrendReversal20 < 1 or TrendReversal20a < 1 or TrendReversal50 < 1;
def MagentaCondition = TrendReversal5 < 1 or TrendReversal5a < 1 or TrendReversal5b < 1;

# Plot down arrow when magenta condition meets after recent red condition
plot DownArrow = if MagentaCondition and Highest(RedCondition[1], 14) then high * 1.005 else Double.NaN;
DownArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
DownArrow.SetDefaultColor(Color.MAGENTA);
DownArrow.SetLineWeight(3);
DownArrow.HideBubble();
Click to expand...
I like the Modification to make it an Upper slimmed down Indicator but you stripped out a lot of valuable alerts. I'm going to run them both. About the 4 hour, I only look at 1 min to 15 minute charts mostly, I would look at a number of stock symbols but 4 hour might be too long to capture the parameters to trigger. Thanks for posting it.
 
AlwaysLearning said:
Why it does not plot anything on 4 hour chart? I see daily chart.

Daily chart
View attachment 25882

4 Hour chart
View attachment 25883


Update:
I enabled Extended hour and now can see the indicator, however I see it only for couple of days. I don't see it for historical data? My chart is for 180 days (4 hour) and I see indicator from Aug 2025.

View attachment 25884
Click to expand...
I changed the source on page 1
from
input AverageLength = 2000;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

to
input AverageLength = 500;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

See if that doesn't make your four hour chart show a full The One Indicator rather than start 2/3 over
 
Deepwater said:
I changed the source on page 1
from
input AverageLength = 2000;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

to
input AverageLength = 500;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

See if that doesn't make your four hour chart show a full The One Indicator rather than start 2/3 over
Click to expand...
yes after reducing AverageLength from 2000 to 500 I see the full indicator.
 
Deepwater said:
I like the Modification to make it an Upper slimmed down Indicator but you stripped out a lot of valuable alerts. I'm going to run them both. About the 4 hour, I only look at 1 min to 15 minute charts mostly, I would look at a number of stock symbols but 4 hour might be too long to capture the parameters to trigger. Thanks for posting it.
Click to expand...
You're spot on, I removed the alerts since I'm focused on swing trading, not day trading, and they're not helpful when I can't watch the charts constantly. I tested the indicator on daily and 4-hour charts, and it's looking really solid. Pairing it with BTD turns it into a powerhouse for swing setups.
 
AlwaysLearning said:
You're spot on, I removed the alerts since I'm focused on swing trading, not day trading, and they're not helpful when I can't watch the charts constantly. I tested the indicator on daily and 4-hour charts, and it's looking really solid. Pairing it with BTD turns it into a powerhouse for swing setups.
Click to expand...
Thanks, BTD stands for?
 
Deepwater said:
I changed the source on page 1
from
input AverageLength = 2000;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

to
input AverageLength = 500;
input VolumeMultiplier = 10;
input VolumeMultiplier2 = 5;
input VolumeMultiplier3 = 3;
input MinutesAfterOpen = 30;

See if that doesn't make your four hour chart show a full The One Indicator rather than start 2/3 over
Click to expand...
Hi @Deepwater, can you share your chart link? I tried to copy the code and saved as a study but it’s not displaying properly!
 
krish0091 said:
Hi @Deepwater, can you share your chart link? I tried to copy the code and saved as a study but it’s not displaying properly!
Click to expand...
My chart setup is too complicated to share. I don't know why you say it's not displaying properly. Copy the code on page 10 for forex or SPY type. Use page 1 first code for stocks.
 
krish0091 said:
Hi @Deepwater, can you share your chart link? I tried to copy the code and saved as a study but it’s not displaying properly!
Click to expand...
After you create a new study, paste in the code and name the study. Make sure you don't have a bunch of studies already loaded, otherwise Deepwater The One will appear below your viewable screen
 
Deepwater said:
This ASGOODASITGETS Indicator compliments the
DEEPWATER_THE ONE. Combined very strong combo IMHO along with the Chande Oscillator

mod note:

https://usethinkscript.com/threads/agaig-zigzag-lower-verticals-for-thinkorswim.18233/
Code: 
# AsGoodAsItGets Lower Indicator
#CSR Buy/Sell Arrows with Short/Long Bubbles
#Developed 4-23-23 First Edition 8-23-22 Revised
#Updated 3/16/24 by C. Ricks

declare lower;
declare real_size;

input atrreversal = 2.0;

def priceh = MovingAverage(AverageType.EXPONENTIAL, high, 5);
def pricel = MovingAverage(AverageType.EXPONENTIAL, low, 5);

def EIL = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = .01, "absolute reversal" = .05, "atr length" = 5, "atr reversal" = atrreversal).lastL;
def EIH = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = .01, "absolute reversal" = .05, "atr length" = 5, "atr reversal" = atrreversal).lastH;

def signaldown = !isNAN(EIH);
AddVerticalLine(!isNAN(EIH),"SHORT", color.Red,curve.long_dash);

def signalrevBot = !isNaN(EIL);
AddVerticalLine(!isNAN(EIL),"LONG", color.Green,curve.long_dash);

input usealerts = yes;
alert(usealerts and signaldown[1] == 1, "Short", alert.bar, sound.ding);
alert(usealerts and signalrevbot[1] == 1, "Long", alert.bar, sound.ding);

#End Code

{/CODE}
Click to expand...
Thanks for Update :) !
 
I like to use a MACD Histogram on lower below THE ONE

Code: 
declare lower;

input fastLength = 34;
input slowLength = 144;
input MACDLength = 15;
input averageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;


plot Diff = MACD(fastLength, slowLength, MACDLength, averageType).Diff;
plot UpSignal = if Diff crosses above 0 then 0 else Double.NaN;
plot DownSignal = if Diff crosses below 0 then 0 else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.SetLineWeight(3);
Diff.DefineColor("Positive and Up", Color.DARK_GREEN);
Diff.DefineColor("Positive and Down", Color.Lime);
Diff.DefineColor("Negative and Down", Color.DARK_RED);
Diff.DefineColor("Negative and Up", Color.Orange);
Diff.AssignValueColor(if Diff >= 0 then if Diff > Diff[1] then Diff.color("Positive and Up") else Diff.color("Positive and Down") else if Diff < Diff[1] then Diff.color("Negative and Down") else Diff.color("Negative and Up"));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

#End Code
 
Then up in my charts I use 2 EMA of specific lengths plus some other nice info like Volume I combined from other sources. Enjoy the code.

Code: 
input timeFrame = {default day};
input showOnlyToday = no;

def day = GetDay();
def lastday = GetLastDay();
def isToday = If(day >= lastday, 1, 0);


def shouldPlot = If(showOnlyToday and isToday, 1, If(!showOnlyToday, 1, 0)); 
 #----------------------------- 
 #input paintBars = yes; 
 #------------- 
plot UpperVolatility = isToday;
plot LowerVolatility = !isToday; 
 #----------------------- 

UpperVolatility.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
UpperVolatility.SetLineWeight(3);
UpperVolatility.SetDefaultColor(Color.GREEN);
UpperVolatility.Hide(); 
 #---------------------------- 
LowerVolatility.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
LowerVolatility.SetLineWeight(3);
LowerVolatility.SetDefaultColor(Color.RED);
LowerVolatility.Hide(); 
 #------------------------------------------ 
 #( today bars ) 
DefineGlobalColor("up", Color.GREEN);
DefineGlobalColor("dwn", Color.RED); 

 # ( not today bars ) 
DefineGlobalColor("invisi", Color.BLACK); 

 # if not paint bars then paint normal ... if condition1 then bullish scheme ... if condition2 then bearish scheme ... else normal 
AssignPriceColor( 
 if !showOnlyToday 
 #!paintBars 
then Color.CURRENT 

else 
 # ( is today then normal paint ) 
if UpperVolatility 
then 
if close > open then GlobalColor("up") else GlobalColor("dwn") 
 #globalColor( "up"winking smiley 

else 
 # ( is not today then black) 
if LowerVolatility 
then GlobalColor( "invisi")
 else Color.CURRENT);



def today = GetDay() == GetLastDay();
plot dailyHigh = if !today then Double.NaN else high(period = "day" );
plot dailyLow = if !today then Double.NaN else low(period = "day" );
#-----------------------------
# ___________________________________________________________
# ________________  DAY/ HI-LOW / VOLUME ____________________
# ___________________________________________________________
#


input show_label = yes;
input show_bubble = no;


def period_Type = AggregationPeriod.DAY;

def begin = close(period = period_Type)[1];
def end = close(period = period_Type);
def NetChg = end - begin;
def PctChg = (end / begin) - 1;
def DayVolume = volume(period = "DAY");


AddLabel(show_label, " V: " + DayVolume + "  " , if  DayVolume > 0 then CreateColor( 224, 224, 224) 
else if  DayVolume == 0 then CreateColor(224, 224, 224) else Color.LIGHT_GRAY);


def bar = if IsNaN(close) 
             then if yes
                     then bar[1]
                     else Double.NaN
             else BarNumber();
def ThisBar = HighestAll(bar);
def barCount   = if bar == ThisBar 
                 then close
                 else Double.NaN;
#####------EMA2
input price = close;
#input length9 = 9;
input length34 = 34;
input length144 = 144;
input displace = 0;
input showBreakoutSignals = no;

#def AvgExp9 = ExpAverage(price[-displace], length9);
def AvgExp34 = ExpAverage(price[-displace], length34);
def AvgExp144 = ExpAverage(price[-displace], length144);

input averageType = AverageType.EXPONENTIAL;

plot fastAvg = MovingAverage(averageType, price[-displace], Length34);
plot slowAvg = MovingAverage(averageType, price[-displace], Length144);

fastAvg.SetDefaultColor(GetColor(1));
slowAvg.SetDefaultColor(GetColor(0));
AddLabel(yes, if  fastAvg < slowAvg then "Trending Down" else "");
#Alert( fastAvg < slowAvg ,  "Trending Down ", Alert.BAR, Sound.Ring);
AddLabel(fastAvg > slowAvg, "Trending Up ", Color.LIGHT_GREEN);
#Alert( fastAvg > slowAvg ,  "Trending Up ", Alert.BAR, Sound.Ring);

#End Code
 
My Third Lower section Indicator i sometimes use is a Bollenger Bandwidth indicator. It lets me know when a breakout occurs, either up or down.
Code: 
declare lower;

input averageType = AverageType.Simple;
input price = close;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_Up = 2.0;
input BulgeLength = 150;
input SqueezeLength = 150;

def upperBand = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_Up, averageType).UpperBand;
def lowerBand = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_Up, averageType).LowerBand;
def midLine = BollingerBands(price, displace, length, Num_Dev_Dn, Num_Dev_Up, averageType).MidLine;

plot Bandwidth = (upperBand - lowerBand) / midLine * 100;
Bandwidth.SetDefaultColor(GetColor(1));
Bandwidth.SetLineWeight(3);
AddLabel(yes, if  Bandwidth > 1 then "BREAKOUT" else "", Color.CYAN);
Alert( Bandwidth > 2 ,  "BREAKOUT ", Alert.BAR, Sound.Ring);

plot Bulge = Highest(Bandwidth, BulgeLength);
Bulge.SetDefaultColor(GetColor(8));
Bulge.setStyle(Curve.SHORT_DASH);

plot Squeeze = Lowest(Bandwidth, SqueezeLength);
Squeeze.SetDefaultColor(GetColor(8));
Squeeze.setStyle(Curve.SHORT_DASH);

#End Code
 
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