4 Candle Reversal Indicator for ThinkorSwim

[BenTen]

@dougn I'm not too familiar with creating watchlist column. No promises but I'll see what I can do.

 

[dougn]

BenTen ... thanks for giving it a shot. My wife and I were just talking last night after the game. The reasons her and I do what we do is because our jobs challenge us. Thanks for taking this one on!

 

[perdu888]

Is there a scan like the with 3 candles, 2 bearish 1 bullish engulf , 2 bullish 1 bearish engulf , thx. Daily or 15 min chart.

 

[tradingit]

I like this one.......seems to fit me......I added the QQE.......pretty nice and clean! Trying it on a 1HR-30DAY and the 15MIN-5DAY

 

[fungus12]

Two questions about this: Does this repaint? And also, is it possible to change the recoloring of the candles to just signals? Thank you!

 

[rad14733]

Two questions about this: Does this repaint? And also, is it possible to change the recoloring of the candles to just signals? Thank you!

The code can't repaint because it triggers solely based on previous candles which have closed so once the colored bar closes it can't repaint...

 

[fungus12]

The code can't repaint because it triggers solely based on previous candles which have closed so once the colored bar closes it can't repaint...

Gotcha. And is there any way to change it so it's up/down signals instead of recoloring candles? I tried looking at the code but couldn't really understand what to add after "plot buyArrow".

 

[rad14733]

Gotcha. And is there any way to change it so it's up/down signals instead of recoloring candles? I tried looking at the code but couldn't really understand what to add after "plot buyArrow".

You would use the same logic as used in the following:

assignPriceColor(if bullishReversalPredicted then Color.Green else if bearishReversalPredicted then Color.Red else Color.White);

And create plots for arrows like:

plot bullishArrow =  bullishReversalPredicted;
bullishArrow.SetPaintingStrategy(PaintingSTrategy.BOOLEAN_ARROW_UP);

plot bearishArrow = bearishReversalPredicted;
bearishArrow.SetPaintingStrategy(PaintingSTrategy.BOOLEAN_ARROW_DOWN);

 

[fungus12]

You would use the same logic as used in the following:

assignPriceColor(if bullishReversalPredicted then Color.Green else if bearishReversalPredicted then Color.Red else Color.White);

And create plots for arrows like:

plot bullishArrow =  bullishReversalPredicted;
bullishArrow.SetPaintingStrategy(PaintingSTrategy.BOOLEAN_ARROW_UP);

plot bearishArrow = bearishReversalPredicted;
bearishArrow.SetPaintingStrategy(PaintingSTrategy.BOOLEAN_ARROW_DOWN);

Understood. Thanks dude.