Repaints The Smarter MTF MACD For ThinkOrSwim

[rad14733]

Here is the Smarter MACD code that I have from TOS Indicators...

#TOS Indicators
#Home of the Volatility Box
#Indicator Name: Smarter MACD
#Full tutorial here: tosindicators.com/indicators/smarter-macd

declare lower;
input lever = {default "Fast", "Slow", "Medium"};
input mode = {default "Aggressive", "Conservative"};

def fastLength;
def slowLength;
def averageType;
switch(lever){
case "Fast":
    fastLength = 3;
    slowLength = 8;
    averageType = AverageType.Exponential;
case "Slow":
    fastLength = 10;
    slowLength = 20;
    averageType = AverageType.Simple;
case "Medium":
    fastLength = 12;
    slowLength = 26;
    averageType = AverageType.Exponential;
}

def outputLength;
switch(mode){
case "Aggressive":
    outputLength = fastLength;
case "Conservative":
    outputLength = slowLength;
}
def higherTF = if getAggregationPeriod() < AggregationPeriod.Five_Min then AggregationPeriod.Five_Min
else if getAggregationPeriod() < AggregationPeriod.Fifteen_Min then AggregationPeriod.Fifteen_Min
else if getAggregationPeriod() < AggregationPeriod.Thirty_Min then AggregationPeriod.Thirty_Min
else if getAggregationPeriod() < AggregationPeriod.Hour then AggregationPeriod.Hour
else if getAggregationPeriod() < AggregationPeriod.Day then AggregationPeriod.Day
else if getAggregationPeriod() < AggregationPeriod.Week then AggregationPeriod.Week
else if getAggregationPeriod() < AggregationPeriod.Month then AggregationPeriod.Month
else AggregationPeriod.Year;
def Value = MovingAverage(averageType, close(period = higherTF), fastLength) - MovingAverage(averageType, close(period = higherTF), slowLength);
plot smarterMACD = MovingAverage(averageType, Value, outputLength);
def upSwitch = if smarterMACD > smarterMACD[1] then 1 else if smarterMACD < smarterMACD[1] then 0 else upSwitch[1];
def downSwitch = if smarterMACD < smarterMACD[1] then 1 else if smarterMACD > smarterMACD[1] then 0 else downSwitch[1];
smarterMACD.setLineWeight(2);
smarterMACD.AssignValueColor(if upSwitch then color.green else if downSwitch then color.red else color.gray);

 

[merryDay]

Thanks again. Unfortunately, it doesn't work with smarter MACD and only works with the regular MACD. Smarter MACD uses some other formula for plotting and is a lot better than the standard MACD. I just don't understand it, but see that it works far better.

The Smarter MACD is simply the MACD plot from a higher timeframe.
Below is the label that you requested for the repainting MTF Smarter MACD.

Understand that the OP recommends this indicator for the Daily Timeframe to spot overall reversals in trends.
https://tosindicators.com/indicators/smarter-macd

On the Daily Timeframe the repainting has minimal effect as the goal is identifying trends.

Reading the current candle of the Smarter MACD or any repainter for anything will have less than optimal results due to the repainting on every tick.

#Indicator Name: TOS Indicators Smarter MACD  ********* Upper Label Only **************
#Full tutorial here: tosindicators.com/indicators/smarter-macd

input lever = {default "Fast", "Slow", "Medium"};
input mode = {default "Aggressive", "Conservative"};

def fastLength;
def slowLength;
def averageType;
switch(lever){
case "Fast":
    fastLength = 3;
    slowLength = 8;
    averageType = AverageType.Exponential;
case "Slow":
    fastLength = 10;
    slowLength = 20;
    averageType = AverageType.Simple;
case "Medium":
    fastLength = 12;
    slowLength = 26;
    averageType = AverageType.Exponential;
}

def outputLength;
switch(mode){
case "Aggressive":
    outputLength = fastLength;
case "Conservative":
    outputLength = slowLength;
}
def higherTF = if getAggregationPeriod() < AggregationPeriod.Five_Min then AggregationPeriod.Five_Min
else if getAggregationPeriod() < AggregationPeriod.Fifteen_Min then AggregationPeriod.Fifteen_Min
else if getAggregationPeriod() < AggregationPeriod.Thirty_Min then AggregationPeriod.Thirty_Min
else if getAggregationPeriod() < AggregationPeriod.Hour then AggregationPeriod.Hour
else if getAggregationPeriod() < AggregationPeriod.Day then AggregationPeriod.Day
else if getAggregationPeriod() < AggregationPeriod.Week then AggregationPeriod.Week
else if getAggregationPeriod() < AggregationPeriod.Month then AggregationPeriod.Month
else AggregationPeriod.Year;
def Value = MovingAverage(averageType, close(period = higherTF), fastLength) - MovingAverage(averageType, close(period = higherTF), slowLength);
def smarterMACD = MovingAverage(averageType, Value, outputLength);

addlabel(yes,"MACD: " +round(smarterMACD,2), color.dark_orange);

 

[FreefallJM03]

The Smarter MACD is simply the MACD plot from a higher timeframe.
Below is the label that you requested for the repainting MTF Smarter MACD.

Understand that the OP recommends this indicator for the Daily Timeframe to spot overall reversals in trends.
https://tosindicators.com/indicators/smarter-macd

On the Daily Timeframe the repainting has minimal effect as the goal is identifying trends.

Reading the current candle of the Smarter MACD or any repainter for anything will have less than optimal results due to the repainting on every tick.

#Indicator Name: TOS Indicators Smarter MACD  ********* Upper Label Only **************
#Full tutorial here: tosindicators.com/indicators/smarter-macd

input lever = {default "Fast", "Slow", "Medium"};
input mode = {default "Aggressive", "Conservative"};

def fastLength;
def slowLength;
def averageType;
switch(lever){
case "Fast":
    fastLength = 3;
    slowLength = 8;
    averageType = AverageType.Exponential;
case "Slow":
    fastLength = 10;
    slowLength = 20;
    averageType = AverageType.Simple;
case "Medium":
    fastLength = 12;
    slowLength = 26;
    averageType = AverageType.Exponential;
}

def outputLength;
switch(mode){
case "Aggressive":
    outputLength = fastLength;
case "Conservative":
    outputLength = slowLength;
}
def higherTF = if getAggregationPeriod() < AggregationPeriod.Five_Min then AggregationPeriod.Five_Min
else if getAggregationPeriod() < AggregationPeriod.Fifteen_Min then AggregationPeriod.Fifteen_Min
else if getAggregationPeriod() < AggregationPeriod.Thirty_Min then AggregationPeriod.Thirty_Min
else if getAggregationPeriod() < AggregationPeriod.Hour then AggregationPeriod.Hour
else if getAggregationPeriod() < AggregationPeriod.Day then AggregationPeriod.Day
else if getAggregationPeriod() < AggregationPeriod.Week then AggregationPeriod.Week
else if getAggregationPeriod() < AggregationPeriod.Month then AggregationPeriod.Month
else AggregationPeriod.Year;
def Value = MovingAverage(averageType, close(period = higherTF), fastLength) - MovingAverage(averageType, close(period = higherTF), slowLength);
def smarterMACD = MovingAverage(averageType, Value, outputLength);

addlabel(yes,"MACD: " +round(smarterMACD,2), color.dark_orange);

That works, thanks!

 

[spartacus28]

.ts file sitting on my desktop in plain view for which I had trouble importing into TOS as a new indicator.
I e-mailed .ts file to friend who has TOS and he was able to import. He said he had to rename file before
importing and then e-mailed a shared chart of imported new indicator. very confused......Why did he have to
rename .ts file before importing???

Can someone post code of below so I can copy code into TOS?

Don't know why I'm having so many problems importing a simple .ts file.

.ts file downloaded from UseThinkScripts is in Zip File.

Much Thanks

 

[rad14733]

All you had to do was click on the zip file to open it, click on the .ts file to open it (or Right-Click and select Notepad), Copy the code and Paste it into a new Study and Save in TOS... It's ridiculous that someone would store the instructions in a zip file that just tells you to watch a video to learn how to import a .ts file... That's why I recommend members ALWAYS post the script code in posts rather than posting links or zips...

#TOS Indicators
#Home of the Volatility Box
#Indicator Name: Smarter MACD
#Full tutorial here: tosindicators.com/indicators/smarter-macd

declare lower;
input lever = {default "Fast", "Slow", "Medium"};
input mode = {default "Aggressive", "Conservative"};

def fastLength;
def slowLength;
def averageType;
switch(lever){
case "Fast":
    fastLength = 3;
    slowLength = 8;
    averageType = AverageType.Exponential;
case "Slow":
    fastLength = 10;
    slowLength = 20;
    averageType = AverageType.Simple;
case "Medium":
    fastLength = 12;
    slowLength = 26;
    averageType = AverageType.Exponential;
}

def outputLength;
switch(mode){
case "Aggressive":
    outputLength = fastLength;
case "Conservative":
    outputLength = slowLength;
}
def higherTF = if getAggregationPeriod() < AggregationPeriod.Five_Min then AggregationPeriod.Five_Min
else if getAggregationPeriod() < AggregationPeriod.Fifteen_Min then AggregationPeriod.Fifteen_Min
else if getAggregationPeriod() < AggregationPeriod.Thirty_Min then AggregationPeriod.Thirty_Min
else if getAggregationPeriod() < AggregationPeriod.Hour then AggregationPeriod.Hour
else if getAggregationPeriod() < AggregationPeriod.Day then AggregationPeriod.Day
else if getAggregationPeriod() < AggregationPeriod.Week then AggregationPeriod.Week
else if getAggregationPeriod() < AggregationPeriod.Month then AggregationPeriod.Month
else AggregationPeriod.Year;
def Value = MovingAverage(averageType, close(period = higherTF), fastLength) - MovingAverage(averageType, close(period = higherTF), slowLength);
plot smarterMACD = MovingAverage(averageType, Value, outputLength);
def upSwitch = if smarterMACD > smarterMACD[1] then 1 else if smarterMACD < smarterMACD[1] then 0 else upSwitch[1];
def downSwitch = if smarterMACD < smarterMACD[1] then 1 else if smarterMACD > smarterMACD[1] then 0 else downSwitch[1];
smarterMACD.setLineWeight(2);
smarterMACD.AssignValueColor(if upSwitch then color.green else if downSwitch then color.red else color.gray);

 

[cando13579]

.ts file sitting on my desktop in plain view for which I had trouble importing into TOS as a new indicator.
I e-mailed .ts file to friend who has TOS and he was able to import. He said he had to rename file before
importing and then e-mailed a shared chart of imported new indicator. very confused......Why did he have to
rename .ts file before importing???

Can someone post code of below so I can copy code into TOS?

Don't know why I'm having so many problems importing a simple .ts file.

.ts file downloaded from UseThinkScripts is in Zip File.

Much Thanks

Or you can also import the file from from the thinkorswim platform,you extract the file and then open thinkorswim,select import file or indicator do not remember exactly select the ts file and voila.

 

[cando13579]

Importing .ts (thinkScript) files into the ThinkOrSwim (TOS) platform from your local computer is done through the "Edit Studies and Strategies" menu. It is important to unzip any downloaded files first, as TOS cannot directly import zipped folders.
Here is the step-by-step process:
Step 1: Prepare the File
Locate the .ts file on your computer.
If the file is in a .zip folder, right-click and extract/unzip it to a known folder (e.g., your Desktop or Downloads folder).
Step 2: Import into ThinkOrSwim
Open the ThinkOrSwim desktop platform.
Go to the Charts tab.
Click on Studies (the flask icon) and select Edit Studies.
Ensure you are on the Studies tab (or Strategies if it is a strategy file).
Click the Import button at the bottom left-hand side of the window.
Navigate to the folder where you saved the .ts file, select it, and click Open.
The script will now appear in your list of available studies.
Click Apply and then OK to add it to your chart.