Repaints AsGoodTrendColorCandles_MTFs For ThinkOrSwim

[csricksdds]

###This ASGoodTrendColorCandles_MTFs Indicator looks back 6 periods on each time frame divided by .5 painting the candle trend Green or Red. I use this as continued verification for my AsGoodAsItGets Long/Short Buy/Sell Indicator since it might repaint and I'm looking for further trend verification.
###Inspiration for this from the TTM_Trend Indicator which is a free indicator on TOS but doesn't provide code.
###Charles Ricks v.1 10/31/22 This indicator automatically address most time frames.

input AGP0 = AggregationPeriod.Min;
input AGP = AggregationPeriod.Five_Min;
input AGP1 = AggregationPeriod.Fifteen_Min;
input AGP2 = AggregationPeriod.Thirty_Min;
input AGP3 = AggregationPeriod.Hour;
input AGP4H = AggregationPeriod.FOUR_Hours;
input AGP4 = AggregationPeriod.DAY;
input AGP5 = AggregationPeriod.Week;
input AGP6 = AggregationPeriod.Month;

input TrendPeriods = 6;

def OP = open(period = AGP);

def HI = high(period = AGP);

def LOW = low(period = AGP);

def Close = close(period = AGP);

def HighestHigh = highest(HI, trendPeriods);

def LowestLow = lowest(LOW, trendPeriods);

def CandleTrend = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP0 = open(period = AGP0);

def HI0 = high(period = AGP0);

def LOW0 = low(period = AGP0);

def Close0 = close(period = AGP0);

def HighestHigh0 = highest(HI, trendPeriods);

def LowestLow0 = lowest(LOW, trendPeriods);

def trend0 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);


def OP1 = open(period = AGP1);

def HI1 = high(period = AGP1);

def LOW1 = low(period = AGP1);

def Close1 = close(period = AGP1);

def HighestHigh1 = highest(HI, trendPeriods);

def LowestLow1 = lowest(LOW, trendPeriods);

def trend1 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP2 = open(period = AGP2);

def HI2 = high(period = AGP2);

def LOW2 = low(period = AGP2);

def Close2 = close(period = AGP2);

def HighestHigh2 = highest(HI, trendPeriods);

def LowestLow2 = lowest(LOW, trendPeriods);

def trend2 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP3 = open(period = AGP3);

def HI3 = high(period = AGP3);

def LOW3 = low(period = AGP3);

def Close3 = close(period = AGP3);

def HighestHigh3 = highest(HI, trendPeriods);

def LowestLow3 = lowest(LOW, trendPeriods);

def trend3 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);


def OP4 = open(period = AGP4);

def HI4 = high(period = AGP4);

def LOW4 = low(period = AGP4);

def Close4 = close(period = AGP4);

def HighestHigh4 = highest(HI, trendPeriods);

def LowestLow4 = lowest(LOW, trendPeriods);

def trend4 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP4H = open(period = AGP4H);

def HI4H = high(period = AGP4H);

def LOW4H = low(period = AGP4H);

def Close4H = close(period = AGP4H);

def HighestHigh4H = highest(HI, trendPeriods);

def LowestLow4H = lowest(LOW, trendPeriods);

def trend4H = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP5 = open(period = AGP5);

def HI5 = high(period = AGP5);

def LOW5 = low(period = AGP5);

def Close5 = close(period = AGP5);

def HighestHigh5 = highest(HI, trendPeriods);

def LowestLow5 = lowest(LOW, trendPeriods);

def trend5 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

def OP6 = open(period = AGP6);

def HI6 = high(period = AGP6);

def LOW6 = low(period = AGP6);

def Close6 = close(period = AGP6);

def HighestHigh6 = highest(HI, trendPeriods);

def LowestLow6 = lowest(LOW, trendPeriods);

def trend6 = if ((Close - LowestLow) / (HighestHigh - LowestLow)) > .5

then 1

else 0;

AssignPriceColor(if CandleTrend then color.green else color.red);

###End

 

[jabulanikid]

Wow. This is really good. thank you so much. Can we ask you questions on how to trade options and things like that? I have lots of questions and these indicators are really helpful. Thank you

 

[csricksdds]

I'm glad my indicators are helpful. I see that you're a new member. This is a good site for learning and everyone tries to be helpful and my best advice is for you to find indicators you are comfortable with and learn to 'follow the money' and the "trend of the market"

 

[windowshopr]

@csricksdds Looks like a decent start, but I have a couple questions.

I notice that you just keep assigning the bars green/red with the same line throughout the script:

AssignPriceColor(if CandleTrend then color.green else color.red);

You define other trend variables though, but never use them. I'm wondering if the subsequent AssignPriceColor lines should make use of those variables?

Then, by that logic, this would mean the candles turn green if ANY of the timeframes are showing a trend, correct? Wouldn't we maybe want to take an accumulated average of ALL the timeframes? And if that average is > 0.5, that would be green, otherwise red? Just thinking out loud, haven't tested yet.

 

[windowshopr]

AAAAAND after a quick test, I realized that the indicator works the same with the following line at the bottom of the script, and all of the preceding AssignPriceColor lines commented out:

# TEST
AssignPriceColor(if ((CandleTrend + trend0 + trend1 + trend2 + trend3 + trend4 + trend4H + trend5 + trend6)/9)>.5 then color.green else color.red);

Next step might be to turn this into a trading strategy, mitigating some of the whipsaws as much as possible!

 

[csricksdds]

It's meant to show the trend trend for each time frame without making any changes