Repaints ATR Volume Swing Trade

[StockT8er]

This strategy was set up for swingtrading. As you can see I added EOD, I need to reset each day in order to run it as a DayTrade. Can you help?

#[email protected]

#positioning
input usetimefilter = yes;
input rthopen = 0930;
input rthclose = 1600;
def RTH = if usetimefilter == yes then if SecondsFromTime(rthopen) >= 0 and
               SecondsTillTime(rthclose) >= 0
            then 1
            else 0 else 1;

input avglength = 14;
input MTaverageType = AverageType.WILDERS;
input ATRLength = 5;
input MTprice = hlc3;
input MTreversalMode = {default ATRpercent, price};
input MTreversalAmount = .5;

##DayATR Value Calculation
def highPrice = FundamentalType.HIGH;
def closePrice = FundamentalType.CLOSE;
def lowPrice = FundamentalType.LOW;
def aggregationPeriod = AggregationPeriod.DAY;
rec AvgTrueRange = MovingAverage(AverageType.SIMPLE, TrueRange(Fundamental (highPrice, period = AggregationPeriod.DAY), Fundamental (closePrice, period = AggregationPeriod.DAY), Fundamental (lowPrice, period = AggregationPeriod.DAY) ), ATRLength);

##############
##ATR percent conversion calculation
rec DayATRReversalValue = MTreversalAmount * (AvgTrueRange / close) * 100;

def mode = if MTreversalMode == MTreversalMode.price then ZigZagTrendSign(price = MTprice, reversalAmount = MTreversalAmount) else ZigZagTrendPercent(price = MTprice, reversalAmount = DayATRReversalValue);
def MTinflection = if MTreversalMode == MTreversalMode.price then if !IsNaN(ZigZagSign(price = MTprice, reversalAmount = MTreversalAmount)) then 1 else 0 else if !IsNaN(ZigZagPercent(price = MTprice, reversalAmount = DayATRReversalValue)) then 1 else 0;
rec MTtrend = if MTinflection == 1 and mode == -1 then 1 else if MTinflection == 1 and mode == 1 then -1 else MTtrend[1];

rec MTupWaveVolume = if MTinflection == 1 and MTtrend == 1 and close > open then volume else if MTinflection == 1 and MTtrend == 1 and close <= open then 0 else if MTtrend == 1 or (MTinflection == 1 and MTtrend == -1 and close >= open) then MTupWaveVolume[1] + volume else 0;
rec MTdownWaveVolume = if MTinflection == 1 and MTtrend == -1 and close < open then volume else if MTinflection == 1 and MTtrend == -1 and close >= open then 0 else if MTtrend == -1 or (MTinflection == 1 and MTtrend == 1 and close <= open) then MTdownWaveVolume[1] + volume else 0;

plot BuySignal = MTinflection[1] and MTdownWaveVolume[2] > 0;
BuySignal.SetDefaultColor(Color.CYAN);
BuySignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BuySignal.SetLineWeight(4);

plot SellSignal = MTinflection[1] and MTupWaveVolume[2] > 0;
SellSignal.SetDefaultColor(Color.MAGENTA);
SellSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
SellSignal.SetLineWeight(4);

def Buy_Time = if MTinflection[1] and MTdownWaveVolume[2] > 0 then 1 else 0;

def Buy_Signal = if RTH == 1 > SecondsTillTime(0930) and Buy_Time == 1 then 1 else 0;
def Sell_Signal = if MTinflection[1] and MTupWaveVolume[2] > 0 then 1 else 0;

def EOD =  RTH == 1 > SecondsTillTime(2000);
def orderPrice = open[-1]+((open[-1]+close[-1])/2);

AddOrder(OrderType.BUY_TO_OPEN, RTH and Buy_Signal, price = orderPrice, tickcolor = GetColor(0), arrowcolor = GetColor(0), name = "ST_LE");

AddOrder(OrderType.SELL_TO_CLOSE, RTH and Sell_Signal, price = orderPrice, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "ST_SE");

AddOrder(OrderType.SELL_TO_CLOSE, EOD, price = orderPrice, tickcolor = GetColor(9), arrowcolor = GetColor(7), name = "CDS_EOD");

##input MTVolumeAudible_Alert = yes;
def MTVolumeDeviation_Length = 60;
def MTVolumeDeviate = 2;
def MTvolumestdevlength = RelativeVolumeStDev(length = MTVolumeDeviation_Length);
def abovedev = MTvolumestdevlength >= MTVolumeDeviate;
def belowdev = MTvolumestdevlength <= MTVolumeDeviate;

def MTvolumeincrease = volume > volume[1];
def MTvolumedevincrease = MTvolumeincrease and abovedev;
def MTvolumedecrease = volume < volume[1];
def MTvolumedevdecrease = MTvolumedecrease and abovedev;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def MTvolumeBuying = V * (C - L) / (H - L);
def MTvolumeSelling = V * (H - C) / (H - L);

input Show_Labels = yes;
AddLabel(Show_Labels, "Buy Vol = " + Round(MTvolumeBuying, 0), if MTvolumeBuying > MTvolumeSelling then Color.GREEN else Color.RED);
AddLabel(Show_Labels, "Sell Vol = " + Round(MTvolumeSelling, 0), if MTvolumeSelling > MTvolumeBuying then Color.GREEN else Color.RED);

Like below example due to market not open yet

 

[merryDay]

This indicator looks so good on charts because it repaints. It erases all the wrong signals and only leaves behind the pretty perfect signals.
read more: https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/

To add long/short bubbles in place of arrows; append this code snippet to the end of your study:

AddChartBubble(BuySignal,low,"Long",Color.GREEN);
AddChartBubble(SellSignal,high,"Short",Color.RED);

To remove arrows

1. click on the first flask at the top of your window
2. click on the gear, that is to the right of your study
3. under the tab BuySignal, un-click the show plot box
4. under the tab SellSignal, un-click the show plot box
5. if you want to use these settings as your default on all your charts; click on Save as default
6. click OK

@CASTI1313