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

[csricksdds]

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!

 

[Ajordan930]

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!

@csricksdds Great stuff!! For some reason I am unable to get the colors to be red and green for the bars. Any insight on what I am missing? I looked at the code and may shift to blue an white but I only get these pink and baby blue. Thanks in advance

Started from scratch with link and set up my chart with a few other items and GTG.

​

 

[csricksdds]

@csricksdds Great stuff!! For some reason I am unable to get the colors to be red and green for the bars. Any insight on what I am missing? I looked at the code and may shift to blue an white but I only get these pink and baby blue. Thanks in advance


View attachment 24525

​

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);

 

[snoopydoopy]

Hey @csricksdds always love reading your posts and you create amazing stuff! Just curious are you using this chart setup now or still using the AGAIG Best trading chart setup?

 

[csricksdds]

Hey @csricksdds always love reading your posts and you create amazing stuff! Just curious are you using this chart setup now or still using the AGAIG Best trading chart setup?

I’m using this chart and with all the market volatility mostly short in/out trades and happy for .30 - .35 cents profit/contract using my indicators for entries and not trying to be greedy for longer runs which means sometimes leaving money on the table especially on the down side. It’s hard for a bull to be a bear for very long.

 

[n33d2sw1m]

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!

@csricksdds , as always, thank you for your coaching. I haven't had much luck the past 6 weeks, my net is still negative with a win rate of 50% or less. That said, I spent time just watching your charts, and given the market is not normal, i noticed that if 3 indicators aligned, it was a go. Implying, the Bubble, Histogram and the Traffic Light. If the traffic light stayed in the opposite direction as the other two indicators, it most likely will continue the trend of the traffic light. Below is an example where the traffic light stayed Green, and the trend continued Green. I noticed the same when it reversed. Just posting..... Again, thank you for the tools, just need to make it work for me

 

[csricksdds]

@csricksdds , as always, thank you for your coaching. I haven't had much luck the past 6 weeks, my net is still negative with a win rate of 50% or less. That said, I spent time just watching your charts, and given the market is not normal, i noticed that if 3 indicators aligned, it was a go. Implying, the Bubble, Histogram and the Traffic Light. If the traffic light stayed in the opposite direction as the other two indicators, it most likely will continue the trend of the traffic light. Below is an example where the traffic light stayed Green, and the trend continued Green. I noticed the same when it reversed. Just posting..... Again, thank you for the tools, just need to make it work for me
View attachment 24605

Thanks for your feedback. I'm not sure which time frame you're watching? The Bubble and Histogram are set as ATR's and the traffic light should be set for the time frame you're watching

 

[n33d2sw1m]

Thanks for your feedback. I'm not sure which time frame you're watching? The Bubble and Histogram are set as ATR's and the traffic light should be set for the time frame you're watching

I was watching /MES on a 1m TF. Didn't change any other setting. Couldn't find TrafficLight in the list of active study/strategies. Found TrafficLight_Lower in the list of available (but not in the chart). Thank you again...

 

[csricksdds]

I was watching /MES on a 1m TF. Didn't change any other setting. Couldn't find TrafficLight in the list of active study/strategies. Found TrafficLight_Lower in the list of available (but not in the chart). Thank you again...

I just downloaded link and the Dashboard Traffic Light is in the studies and strategies a few indicators up from bottom of upper indicators?

 

[n33d2sw1m]

I just downloaded link and the Dashboard Traffic Light is in the studies and strategies a few indicators up from bottom of upper indicators?

Thank you @csricksdds , i see it now and have set it to match the TF i'm using (1m). I will monitor today. Thank you again...

 

[csricksdds]

Thank you @csricksdds , i see it now and have set it to match the TF i'm using (1m). I will monitor today. Thank you again...

I'm glad you found it

 

[keepthefaith613]

Great charts! I love the simplicity of most of the stuff at the top. How should I understand "Red/Yellow/Green Light"? Sorry if that's covered elsewhere.

 

[csricksdds]

Great charts! I love the simplicity of most of the stuff at the top. How should I understand "Red/Yellow/Green Light"? Sorry if that's covered elsewhere.

This is what I posted when adding the Dashboard Traffic Light "you might want to add my Dashboard Traffic Light to this chart as well. You can set its time frame to match the one you are using. The Traffic Light looks at direction from multiple perspectives."

 

[Persistant]

Hi, @csricksdds I'm testing with your new chart format, and I really like the improvements you made, especially the red and green vertical bars, but I'd like to increase the number of time periods show by reducing the empty space if possible.

On the right side of the chart is the current price cyan line. I commented out the text, and that way it doesn't overlay other text bubbles(I added the price at the time of the long or short rec), but I'd really like to reduce the width of the price point line by about 1/2 so I can still easily see where the current price is, but not have it take up so many bars of horizontal space.

What would I need to change to reduce the width of the pricepoint cyan line and the number of bars it takes up on my chart?

 

[csricksdds]

Hi, @csricksdds I'm testing with your new chart format, and I really like the improvements you made, especially the red and green vertical bars, but I'd like to increase the number of time periods show by reducing the empty space if possible.

On the right side of the chart is the current price cyan line. I commented out the text, and that way it doesn't overlay other text bubbles(I added the price at the time of the long or short rec), but I'd really like to reduce the width of the price point line by about 1/2 so I can still easily see where the current price is, but not have it take up so many bars of horizontal space.

What would I need to change to reduce the width of the pricepoint cyan line and the number of bars it takes up on my chart?

The price point line can be made thinner by right clicking on the line and Edit Study should show - click on the edit and the study will open and down under plots will be a width number which you can change to a smaller or larger number.
The empty space can be shortened by clicking on the wheel to the left of your chart time frame and then when the box opens click on time axis and change the expansion number to a smaller number (but I would use at least 4)

 

[PennnysPapi]

I love this chart, but I hide all of the time notices like "power hour heads up" because it makes the chart too busy.

 

[csricksdds]

I love this chart, but I hide all of the time notices like "power hour heads up" because it makes the chart too busy.

I’m glad you like the chart and one can always remove something they don’t need or use

 

[slavababuli]

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);

this indicator phenomenal. Thanks a lot! Is it possible to create a scanner based on this buy sell signals? Thanks a lot again for a great indicator!!!

 

[csricksdds]

this indicator phenomenal. Thanks a lot! Is it possible to create a scanner based on this buy sell signals? Thanks a lot again for a great indicator!!!

I don’t do scanners and only trade the same 3-4 stocks over and over since they all do essentially the same thing (move up and down). I have lost making trades when looking for others. Thanks for the question.

 

[useThinkScript]

this indicator phenomenal. Thanks a lot! Is it possible to create a scanner based on this buy sell signals? Thanks a lot again for a great indicator!!!

Sadly no.
Repainters can not be used in scans.
read more:
https://usethinkscript.com/threads/problems-with-repainting-indicators.20111/#post-148479