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Repaints AGAIG High Low - Peak Valleys For ThinkOrSwim



Trader Educator
This indicator combines my HighLow Indicator with Robert Paynes Modified Peaks Valleys Indicator. What we are looking for is an arrow within an arrow that is dual colored White/Red or White/Green. I only place trades when both arrows show within each other...as a rule I don't trade the individual Red/Green arrows by themselves unless my AsGoodAsItGets_ArrowsOnly is also indicating direction change as well. This indicator does repaint so use it in conjunction with others as well. I have included a picture.


Here is the code:

##AsGood-HiLo-PeaksValleys-Arrows indicator 3/26/24
# find peaks and valleys
# https://usethinkscript.com/threads/...y-demand-zones-for-thinkorswim.172/#post-7048
# robert payne code
#Modified by C. Ricks 2/21/24

def na = double.nan;
def bn = BarNumber();
def lastbn = highestall(if isnan(close) then 0 else bn);
def lastcls = if lastbn then close else lastcls[1];
#def lastbar = (!isnan(close) and isnan(close[-1]));

input show_peak_valley_arrows = yes;
def spva = show_peak_valley_arrows;

input len = 10;
def offset = Min(len - 1, lastbn - bn);
#def swingLow = low < Lowest(low[1], len - 1) and low == GetValue(Lowest(low, len), -offset);

#valley section
#def Valley = low < Lowest(low[1], len) and low < Lowest(low[-len], len);
def valley = low < Lowest(low[1], len - 1) and low == GetValue(Lowest(low, len), -offset);
def valley_pr = if valley then low else na;

plot ArrowUP = if spva then Valley else na;

#peak section
#def Peak = high > highest(high[1], len) and high > highest(high[-len], len);
def peak = high > highest(high[1], len - 1) and high == GetValue(highest(high, len), -offset);
def peak_pr = if peak then high else na;

plot ArrowDN = if spva then Peak else na;

# -------------------------


input length = 13;
def lastBar = HighestAll(if IsNaN(close) then 0 else bn);

input ignore_last_bar = yes;
def ignorelast = if (ignore_last_bar and bn == lastbar) then 0 else 1;

def HighPoint = ignorelast and high > highest(high[1], length - 1) and high == GetValue(highest(high, length), -offset);
def Lowpoint = ignorelast and low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset);

input show_Arrows_on_Highpoints_Lowpoints = yes;
def vert = 0.001;

def prange = highPoint – lowPoint;
def plotHighest = highpoint + prange * .3;
def plotLowest = lowpoint - prange * 3.0;

plot BuyCriteria = if LowPoint then Low else double.NaN ;
plot SellCriteria = if HighPoint then High else double.NaN ;

BuyCriteria.SetPaintingStrategy(PaintingStrategy.ARROW_UP) ;
SellCriteria.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN) ;

input usealerts = yes;
alert(usealerts and SellCriteria[1] == 1, "Short", alert.bar, sound.ring);
alert(usealerts and BuyCriteria[1] == 1, "Long", alert.bar, sound.ring);

#End Code
Last edited by a moderator:

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