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

[Ajordan930]

Hey Jordan, I really like your setup! Would you mind sharing your heatmap?

@Rod95 it's the Xbrat heat map I bought one night as something to look at. If I am correct I dont believe I can openly share it? If someone can confirm that it's ok I would share.

 

[MerryDay]

@Rod95 it's the Xbrat heat map I bought one night as something to look at. If I am correct I dont believe I can openly share it? If someone can confirm that it's ok I would share.

Sadly no. Commercial / proprietary indicators cannot be shared.

 

[TOS Cali]

I am trying to use this setup vertically displaying the 4 min, 5 min and 15 min charts one above the other.

The challenge I am having is that the time lines do not match up.

I have played around with a bunch of options but still end up with them offset (see blue vertical line close to market open).

Any suggestions on how to get them to keep the same time on the x-axis? I understand that since the aggregation periods are different, the bars will be different. However, I'd love to see what they all said at the same point in time.

Thanks.

I see the 3rd chart(bottom) is also 5min... Supposed to be 15min?

 

[Tipping]

@csricksdds

How would one add the 24h tracking support back into this version or is there a different version out there that might be better suited for general use trading etc.
(Please forgive the newbie inquiry)

 

[csricksdds]

@csricksdds

How would one add the 24h tracking support back into this version or is there a different version out there that might be better suited for general use trading etc.
(Please forgive the newbie inquiry)

I’m not sure what you’re asking for?

 

[dawwgpound]

I love the Histogram lines on the upper chart but I only can find the script for the lower chart

 

[csricksdds]

I love the Histogram lines on the upper chart but I only can find the script for the lower chart

# AsGoodAsItGets upper 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 upper;

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;

plot signaldown = !isNAN(EIH);
signaldown.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
signaldown.DefineColor("signaldown", Color.Red);

plot signalrevBot = !isNaN(EIL);

Signalrevbot.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
signalrevBot.DefineColor("signalrevBot", Color.Green);

input usealerts = yes;
alert(usealerts and signaldown[1] == 1, "SHORT", alert.bar, sound.ring);
alert(usealerts and signalrevbot[1] == 1, "LONG", alert.bar, sound.ring);

 

[Zlotko]

I have had that problem occasionally - under your studies and strategies replace the code with this 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
#Moved to Upper by C.Ricks

declare upper;

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;

plot signaldown = !isNAN(EIH);
signaldown.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
signaldown.DefineColor("signaldown", Color.Red);

plot signalrevBot = !isNaN(EIL);

Signalrevbot.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
signalrevBot.DefineColor("signalrevBot", Color.Green);

input usealerts = yes;
alert(usealerts and signaldown[1] == 1, "SHORT", alert.bar, sound.ring);
alert(usealerts and signalrevbot[1] == 1, "LONG", alert.bar, sound.ring);

And for me for some reason I am unable not only not to get the colors to be red and green but I do not get the bars at all, even if I replace the code?? I can import your chart with everything working but if I save it and open in different window it stops working/ is not showing up? just the AsGoodAsItGets upperSqueredHistogram Indicator

 

[csricksdds]

And for me for some reason I am unable not only not to get the colors to be red and green but I do not get the bars at all, even if I replace the code?? I can import your chart with everything working but if I save it and open in different window it stops working/ is not showing up? just the AsGoodAsItGets upperSqueredHistogram Indicator

I'm sorry - I don't know what to tell you...it should work?

 

[edmarilyn]

AGAIG: A Choice Chart Setup for Trading or Scalping
Might be the best?​

shared Chart Link: http://tos.mx/!3cBl144F MUST follow these instructions for loading shared links.

I’m always looking for the best trading (scalping) chart, and this is what I’m currently using. First, a big thanks to all the other posters who share their material (I check nearly every post made to this website).

In order for this chart to show more plainly I have taken the after-hours off (normally used by me) and I am showing smaller candles than I personally use, although my favorite is the 5-min. chart with slightly larger Heikin Ashi Candles for trading (scalping) which I use every day.

In this chart I have moved my histogram bars from the lower to the upper chart and, as you can see, they encompass the chart vertically when present. (My brain cell more easily focuses on less to look at and easily see when those bars appear)…!!

When the Red or Green Histogram Bar appears, it means that two indicators are in agreement (the Short/Long 1.75 ATR Chart Bubbles and the 2.0 ATR Histogram Bars). You can see that many of my other AGAIG Arrows are in agreement as well. Since these indicators can repaint, it’s always best to have multiple indicators in agreement before placing trades.

This charting will work on other time frames, and you can pick any favorite stocks to watch. As you can see from these two charts, you don’t need to scan a lot of charts to make a happy trading day. Some of the others I like are AMD, ENPH, PLTR, AMZN, etc. (ones with close Bid/Ask and 5+ ATR (Average True Range). In these two charts, we are looking at the intraday movement within the larger ATR for 4/4/25.

As always, happy trading!

​

Hi there—thanks for sharing this chart! I’ve been following your posts and I’m testing out this AGAIG setup now. Really like how everything aligns with ATR bars and the arrows—it keeps things clear and disciplined.

Quick question: Do you ever use this setup for trading options, especially with a small account? I’m more comfortable trading contracts than shares and I’m curious if this approach works well with options plays (like when the signals line up for a quick in-and-out scalp).

Also, I use regular candles instead of Heikin Ashi—wondering if that changes the quality of the entries much in your experience?

Thanks again for sharing—appreciate any thoughts you’re willing to pass along!

 

[antwerks]

And for me for some reason I am unable not only not to get the colors to be red and green but I do not get the bars at all, even if I replace the code?? I can import your chart with everything working but if I save it and open in different window it stops working/ is not showing up? just the AsGoodAsItGets upperSqueredHistogram Indicator

use this one https://tos.mx/!1zmLTkNV

# 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);

 

[csricksdds]

​

Hi there—thanks for sharing this chart! I’ve been following your posts and I’m testing out this AGAIG setup now. Really like how everything aligns with ATR bars and the arrows—it keeps things clear and disciplined.

Quick question: Do you ever use this setup for trading options, especially with a small account? I’m more comfortable trading contracts than shares and I’m curious if this approach works well with options plays (like when the signals line up for a quick in-and-out scalp).

Also, I use regular candles instead of Heikin Ashi—wondering if that changes the quality of the entries much in your experience?

Thanks again for sharing—appreciate any thoughts you’re willing to pass along!

I only trade options and buy no stocks. Pull up a dual chart using the same stock. On one use regular candles and on the second use Heikin Ashi and see which one is easiest to follow?

 

[antwerks]

I only trade options and buy no stocks. Pull up a dual chart using the same stock. On one use regular candles and on the second use Heikin Ashi and see which one is easiest to follow?

@csricksdds Here is a script I wrote for identifying puts to sell https://tos.mx/!1OasqYW7. Place it on any chart of a stock or ETF that trades options. You can adjust your parameters as you know.

 

[antwerks]

@csricksdds Here is a script I wrote for identifying puts to sell https://tos.mx/!Qkh8czPf. Place it on any chart of a stock or ETF that trades options. You can adjust your parameters as you know.

Typical Delta for 3% OTM Puts. The delta of a put option that is 3% out-of-the-money (OTM) is typically around:
0.25 to 0.35 (negative delta for puts, so −0.25 to −0.35)
This depends on time to expiration (your script uses 10 DTE), Volatility of the underlying and Interest rates and dividends (minor effect in near-term).
For a 10 DTE Put here’s what you’ll generally see across different tickers:

Ticker	3% OTM Delta (Put, 10 DTE)
SPY	~−0.30
AAPL	~−0.28 to −0.33
TSLA	~−0.35+ (more volatility)
MSFT	~−0.26 to −0.30

Rule of Thumb:

• 2% OTM ≈ ~−0.35 delta
• 3% OTM ≈ ~−0.30 delta
• 5% OTM ≈ ~−0.20 delta

 

[edmarilyn]

Thanks again for the script and your reply—really appreciate you sharing it. I added it to my scans for study, though I mostly day trade options.

Quick question—what specific time frames do you use when you trade? And do you happen to have a scan that identifies stocks that are actively moving and good for scalping? Would love to learn more if you’re open to sharing.

Thanks again—your posts are always solid

 

[antwerks]

DAY SCANNER https://tos.mx/!Y3DLHVX0
EARLY MORNING RUNNERS https://tos.mx/!PUUEurdJ
BREAKOUT ABOVE 30 DAY AVG https://tos.mx/!2SwTmHGM
TMO BULL SCAN https://tos.mx/!ObMcfGat

 

[wfig]

Typical Delta for 3% OTM Puts. The delta of a put option that is 3% out-of-the-money (OTM) is typically around:
0.25 to 0.35 (negative delta for puts, so −0.25 to −0.35)
This depends on time to expiration (your script uses 10 DTE), Volatility of the underlying and Interest rates and dividends (minor effect in near-term).
For a 10 DTE Put here’s what you’ll generally see across different tickers:

Ticker	3% OTM Delta (Put, 10 DTE)
SPY	~−0.30
AAPL	~−0.28 to −0.33
TSLA	~−0.35+ (more volatility)
MSFT	~−0.26 to −0.30

Rule of Thumb:

• 2% OTM ≈ ~−0.35 delta
• 3% OTM ≈ ~−0.30 delta
• 5% OTM ≈ ~−0.20 delta

Where in the chart do you see this at i just put on chart aapl nothing shows up help please

 

[edmarilyn]

DAY SCANNER https://tos.mx/!Y3DLHVX0
EARLY MORNING RUNNERS https://tos.mx/!PUUEurdJ
BREAKOUT ABOVE 30 DAY AVG https://tos.mx/!2SwTmHGM
TMO BULL SCAN https://tos.mx/!ObMcfGat

Thank you very much for sharing these scans. I really appreciate it.

 

[antwerks]

Where in the chart do you see this at i just put on chart aapl nothing shows up help please

They are just labels that give guidance to potential "safe" options - just points youin the direction for you to start planning a trade.

 

[wfig]

maybe i have 2 much labels on top already that is why its not showing can i put it on the lower will labels pop up you think