B-Xtrender Indicator For ThinkOrSwim

[mbarcala]

Trend Detection: This indicator uses both short- and long-term oscillators to spot market trends.

Momentum Measurement: The B-Xtrender oscillator shows momentum as a histogram—green bars mean bullish, red bars mean bearish, and changes within the greens and reds reflect weakening/strengthening momentum.


It works best on bigger timeframes and pairs well with other tools like support/resistance, volume, or other indicators for better accuracy.
read more:
https://usethinkscript.com/threads/good-strategy-basics-in-thinkorswim.8058/


Photo

https://imgur.com/0lB61Rt

']

Link: https://www.tradingview.com/script/YHZimEz8-B-Xtrender-Puppytherapy/
Script

# BXtrender converted to TOS mbarcala and IgorF
#Link: https://www.tradingview.com/script/YHZimEz8-B-Xtrender-Puppytherapy/

declare lower;

input short_l1 = 5;
input short_l2 = 20;
input short_l3 = 15;
input long_l1 = 20;
input long_l2 = 15;

def shortTermXtrender = RSI(price = ExpAverage(close, short_l1) - ExpAverage(close, short_l2), length = short_l3) - 50;
def longTermXtrender = RSI(price = ExpAverage(close, long_l1), length = long_l2) - 50;

script t3 {
    input src = close;
    input len = 10;
    def xe1_1 = ExpAverage(src, len);
    def xe2_1 = ExpAverage(xe1_1, len);
    def xe3_1 = ExpAverage(xe2_1, len);
    def xe4_1 = ExpAverage(xe3_1, len);
    def xe5_1 = ExpAverage(xe4_1, len);
    def xe6_1 = ExpAverage(xe5_1, len);
    def b_1 = 0.7;
    def c1_1 = -b_1 * b_1 * b_1;
    def c2_1 = 3 * b_1 * b_1 + 3 * b_1 * b_1 * b_1;
    def c3_1 = -6 * b_1 * b_1 - 3 * b_1 - 3 * b_1 * b_1 * b_1;
    def c4_1 = 1 + 3 * b_1 + b_1 * b_1 * b_1 + 3 * b_1 * b_1;
    plot t3 = c1_1 * xe6_1 + c2_1 * xe5_1 + c3_1 * xe4_1 + c4_1 * xe3_1;
}

def maShortTermXtrender = t3( shortTermXtrender, 5);

plot BXtrenderColor = maShortTermXtrender;
BXtrenderColor.AssignValueColor(if maShortTermXtrender > maShortTermXtrender[1] then Color.Lime else color.red);
BXtrenderColor.SetLineWeight(3);
BXtrenderColor.HideBubble();

plot BXtrenderShadow = maShortTermXtrender;
BXtrenderShadow.SetDefaultColor(color.black);
BXtrenderShadow.SetLineWeight(5);
BXtrenderShadow.HideBubble();

plot shape1 = if maShortTermXtrender > maShortTermXtrender[1] and maShortTermXtrender[1] < maShortTermXtrender[2] then maShortTermXtrender else double.nan;
shape1.SetPaintingStrategy(PaintingStrategy.POINTS);
shape1.SetLineWeight(5);
shape1.SetDefaultColor(color.lime);
shape1.HideBubble();

plot shape2 = if maShortTermXtrender < maShortTermXtrender[1] and maShortTermXtrender[1] > maShortTermXtrender[2] then maShortTermXtrender else double.nan;
shape2.SetPaintingStrategy(PaintingStrategy.POINTS);
shape2.SetLineWeight(5);
shape2.SetDefaultColor(color.red);
shape2.HideBubble();

plot BXtrenderTrendLine = longTermXtrender;
BXtrenderTrendLine.SetDefaultColor(color.black);
BXtrenderTrendLine.SetLineWeight(3);
BXtrenderTrendLine.AssignValueColor(if longTermXtrender > longTermXtrender[1] then color.lime else color.red);
BXtrenderTrendLine.HideBubble();

plot BXtrenderTrendLineShadow = longTermXtrender;
BXtrenderTrendLineShadow.SetDefaultColor(color.black);
BXtrenderTrendLineShadow.SetLineWeight(5);
BXtrenderTrendLineShadow.HideBubble();

plot BXtrenderTrendHistogram = longTermXtrender;
BXtrenderTrendHistogram.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BXtrenderTrendHistogram.SetLineWeight(1);
BXtrenderTrendHistogram.AssignValueColor(if longTermXtrender > 0 then (if longTermXtrender > longTermXtrender[1] then color.lime else CreateColor(34, 139, 34)) else if longTermXtrender > longTermXtrender[1] then color.red else CreateColor(139, 0, 0));
BXtrenderTrendHistogram.HideBubble();

plot BXtrenderHistogram = shortTermXtrender;
#BXtrenderHistogram.AssignValueColor(if shortTermXtrender > 0 then (if shortTermXtrender > shortTermXtrender[1] then color.lime else createColor(34, 139, 34)) else if shortTermXtrender > shortTermXtrender[1] then color.red else createColor(139, 0, 0));
BXtrenderHistogram.AssignValueColor(if shortTermXtrender > 0 then Color.DARK_GREEN else Color.DARK_RED);

BXtrenderHistogram.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
BXtrenderHistogram.HideBubble();

plot cline = 0;
cline.SetDefaultColor(Color.GRAY);

 

[adriantran]

The BXTrender was previously converted for TOS. However, I wanted to ask for assistance with converting it to a chart label.

1. Chart label will change color/text depending on whether shape1 or shape2 logic is true. (shape1 = bullish trend, shape2 = bearish trend)

2. Ideally the indicator timeframe can be selected instead of using the TF from the chart.

Thank you!


https://usethinkscript.com/threads/b-xtrender-indicator-for-thinkorswim.10272/

# BXtrender converted to TOS mbarcala and IgorF
#Link: https://www.tradingview.com/script/YHZimEz8-B-Xtrender-Puppytherapy/

declare lower;

input short_l1 = 5;
input short_l2 = 20;
input short_l3 = 15;
input long_l1 = 20;
input long_l2 = 15;

def shortTermXtrender = RSI(price = ExpAverage(close, short_l1) - ExpAverage(close, short_l2), length = short_l3) - 50;
def longTermXtrender = RSI(price = ExpAverage(close, long_l1), length = long_l2) - 50;

script t3 {
input src = close;
input len = 10;
def xe1_1 = ExpAverage(src, len);
def xe2_1 = ExpAverage(xe1_1, len);
def xe3_1 = ExpAverage(xe2_1, len);
def xe4_1 = ExpAverage(xe3_1, len);
def xe5_1 = ExpAverage(xe4_1, len);
def xe6_1 = ExpAverage(xe5_1, len);
def b_1 = 0.7;
def c1_1 = -b_1 * b_1 * b_1;
def c2_1 = 3 * b_1 * b_1 + 3 * b_1 * b_1 * b_1;
def c3_1 = -6 * b_1 * b_1 - 3 * b_1 - 3 * b_1 * b_1 * b_1;
def c4_1 = 1 + 3 * b_1 + b_1 * b_1 * b_1 + 3 * b_1 * b_1;
plot t3 = c1_1 * xe6_1 + c2_1 * xe5_1 + c3_1 * xe4_1 + c4_1 * xe3_1;
}

def maShortTermXtrender = t3( shortTermXtrender, 5);

plot BXtrenderColor = maShortTermXtrender;
BXtrenderColor.AssignValueColor(if maShortTermXtrender > maShortTermXtrender[1] then Color.Lime else color.red);
BXtrenderColor.SetLineWeight(3);
BXtrenderColor.HideBubble();

plot BXtrenderShadow = maShortTermXtrender;
BXtrenderShadow.SetDefaultColor(color.black);
BXtrenderShadow.SetLineWeight(5);
BXtrenderShadow.HideBubble();

plot shape1 = if maShortTermXtrender > maShortTermXtrender[1] and maShortTermXtrender[1] < maShortTermXtrender[2] then maShortTermXtrender else double.nan;
shape1.SetPaintingStrategy(PaintingStrategy.POINTS);
shape1.SetLineWeight(5);
shape1.SetDefaultColor(color.lime);
shape1.HideBubble();

plot shape2 = if maShortTermXtrender < maShortTermXtrender[1] and maShortTermXtrender[1] > maShortTermXtrender[2] then maShortTermXtrender else double.nan;
shape2.SetPaintingStrategy(PaintingStrategy.POINTS);
shape2.SetLineWeight(5);
shape2.SetDefaultColor(color.red);
shape2.HideBubble();

plot BXtrenderTrendLine = longTermXtrender;
BXtrenderTrendLine.SetDefaultColor(color.black);
BXtrenderTrendLine.SetLineWeight(3);
BXtrenderTrendLine.AssignValueColor(if longTermXtrender > longTermXtrender[1] then color.lime else color.red);
BXtrenderTrendLine.HideBubble();

plot BXtrenderTrendLineShadow = longTermXtrender;
BXtrenderTrendLineShadow.SetDefaultColor(color.black);
BXtrenderTrendLineShadow.SetLineWeight(5);
BXtrenderTrendLineShadow.HideBubble();

plot BXtrenderTrendHistogram = longTermXtrender;
BXtrenderTrendHistogram.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BXtrenderTrendHistogram.SetLineWeight(1);
BXtrenderTrendHistogram.AssignValueColor(if longTermXtrender > 0 then (if longTermXtrender > longTermXtrender[1] then color.lime else CreateColor(34, 139, 34)) else if longTermXtrender > longTermXtrender[1] then color.red else CreateColor(139, 0, 0));
BXtrenderTrendHistogram.HideBubble();

plot BXtrenderHistogram = shortTermXtrender;
#BXtrenderHistogram.AssignValueColor(if shortTermXtrender > 0 then (if shortTermXtrender > shortTermXtrender[1] then color.lime else createColor(34, 139, 34)) else if shortTermXtrender > shortTermXtrender[1] then color.red else createColor(139, 0, 0));
BXtrenderHistogram.AssignValueColor(if shortTermXtrender > 0 then Color.DARK_GREEN else Color.DARK_RED);

BXtrenderHistogram.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
BXtrenderHistogram.HideBubble();

plot cline = 0;
cline.SetDefaultColor(Color.GRAY);

 

[andre.muhammad]

The BXTrender was previously converted for TOS. However, I wanted to ask for assistance with converting it to a chart label.

1. Chart label will change color/text depending on whether shape1 or shape2 logic is true. (shape1 = bullish trend, shape2 = bearish trend)

2. Ideally the indicator timeframe can be selected instead of using the TF from the chart.

Thank you!


https://usethinkscript.com/threads/b-xtrender-indicator-for-thinkorswim.10272/

Ty this:

# BXTrender Label for ThinkOrSwim
# Displays a dynamic label indicating Bullish, Bearish, or Neutral trend
# Adapted by: DrDre
# Original Indicator: https://www.tradingview.com/script/YHZimEz8-B-Xtrender-Puppytherapy/

declare upper;

# ----------------------------
# User Inputs
# ----------------------------

input short_l1 = 5;
input short_l2 = 20;
input short_l3 = 15;
input long_l1 = 20;
input long_l2 = 15;

# ----------------------------
# Helper Function: T3 Smoothing
# ----------------------------

script T3 {
input src = close;
input len = 10;
def xe1 = ExpAverage(src, len);
def xe2 = ExpAverage(xe1, len);
def xe3 = ExpAverage(xe2, len);
def xe4 = ExpAverage(xe3, len);
def xe5 = ExpAverage(xe4, len);
def xe6 = ExpAverage(xe5, len);

# Constants for T3 calculation
def b = 0.7;
def c1 = -b * b * b;
def c2 = 3 * b * b + 3 * b * b * b;
def c3 = -6 * b * b - 3 * b - 3 * b * b * b;
def c4 = 1 + 3 * b + 3 * b * b + b * b * b;

# T3 Formula
plot T3Value = c1 * xe6 + c2 * xe5 + c3 * xe4 + c4 * xe3;
}

# ----------------------------
# BXTrender Calculations
# ----------------------------

# Short Term Xtrender Calculation
def shortTermXtrender = RSI(
price = ExpAverage(close, short_l1) - ExpAverage(close, short_l2),
length = short_l3
) - 50;

# Long Term Xtrender Calculation
def longTermXtrender = RSI(
price = ExpAverage(close, long_l1),
length = long_l2
) - 50;

# Apply T3 to Short Term Xtrender
def maShortTermXtrender = T3(shortTermXtrender, 5);

# ----------------------------
# Trend Detection
# ----------------------------

# Bullish Condition: maShortTermXtrender is increasing (shape1 logic)
def isBullish = maShortTermXtrender > maShortTermXtrender[1] and maShortTermXtrender[1] < maShortTermXtrender[2];

# Bearish Condition: maShortTermXtrender is decreasing (shape2 logic)
def isBearish = maShortTermXtrender < maShortTermXtrender[1] and maShortTermXtrender[1] > maShortTermXtrender[2];

# ----------------------------
# Add Label
# ----------------------------

AddLabel(
yes, # Always show the label
if isBullish then "BX: Bullish"
else if isBearish then "BX: Bearish"
else "BX: Neutral",
if isBullish then Color.LIME
else if isBearish then Color.RED
else Color.GRAY
);

# ----------------------------
# Optional: Hidden Plot to Satisfy ThinkScript Requirements
# ----------------------------

# ThinkScript requires at least one plot statement in an upper study.
# This plot is hidden and serves no visual purpose.
plot HiddenPlot = Double.NaN;
HiddenPlot.Hide();

 

[adriantran]

Thank you! The label works on my end.

Are you also able to assist with basing the indicator on a selected time frame instead of the time frame of the chart?

I really appreciate it.

 

[Albriro]

Thank you for doing the hard work of coding this for TOS . If possible can we please get MTF chart labels for YR Q M W D 4hr 1hr? If I am charting on the 1hr I would like to see if the maShortTermXtrender is green/ red on the higher timeframes.
I spent hours trying to hack/ convert the multi 10X labels but I'm too clueless with this code.

Here is what I was able to cobble together from other indicators. The problem I am having is I can only see the chart labels on the 1HR chart. Higher timeframes the labels disappear even if I have the max time selected.

Thank you for any help, here is the code:

#BX Trender MTF Labels for ThinkorSwim
#CREDITS
# BXtrender converted to TOS mbarcala and IgorF
#Link: https://www.tradingview.com/script/YHZimEz8-B-Xtrender-Puppytherapy/
# John Carter's 10x bars, @sierioiza, @tomsk, @horserider, @markos, @diazlaz,
# Label for hull MA, @Santhosh


input short_l1 = 2;
input short_l2 = 20;
input short_l3 = 2;
input long_l1 = 20;
input long_l2 = 2;

def shortTermXtrender = RSI(price = ExpAverage(close, short_l1) - ExpAverage(close, short_l2), length = short_l3) - 50;

script t3 {
input src = close;
input len = 10;
def xe1_1 = ExpAverage(src, len);
def xe2_1 = ExpAverage(xe1_1, len);
def xe3_1 = ExpAverage(xe2_1, len);
def xe4_1 = ExpAverage(xe3_1, len);
def xe5_1 = ExpAverage(xe4_1, len);
def xe6_1 = ExpAverage(xe5_1, len);
def b_1 = 0.7;
def c1_1 = -b_1 * b_1 * b_1;
def c2_1 = 3 * b_1 * b_1 + 3 * b_1 * b_1 * b_1;
def c3_1 = -6 * b_1 * b_1 - 3 * b_1 - 3 * b_1 * b_1 * b_1;
def c4_1 = 1 + 3 * b_1 + b_1 * b_1 * b_1 + 3 * b_1 * b_1;
plot t3 = c1_1 * xe6_1 + c2_1 * xe5_1 + c3_1 * xe4_1 + c4_1 * xe3_1;
}

def maShortTermXtrender = t3( shortTermXtrender, 5);

# CORE
AddLabel(yes, "BX MTF", COLOR.CYAN);

# AGGREGATION 1 - HOUR

def aH1 = aggregationPeriod.HOUR;
def shortTermXtrenderH1= RSI(price = ExpAverage(close(period = aH1), short_l1) - ExpAverage(close(period = aH1), short_l2), length = short_l3) - 50;
def maShortTermXtrenderH1 = t3( shortTermXtrenderH1, 5);
def bullishBXH1 = maShortTermXtrenderH1 > maShortTermXtrenderH1[1];

AddLabel(yes, "1HR", if bullishBXH1 then Color.green else Color.red);

# AGGREGATION 2 - FOUR HOUR

def aH4 = aggregationPeriod.FOUR_HOURS;
def shortTermXtrenderH4= RSI(price = ExpAverage(close(period = aH4), short_l1) - ExpAverage(close(period = aH4), short_l2), length = short_l3) - 50;
def maShortTermXtrenderH4 = t3( shortTermXtrenderH4, 5);
def bullishBXH4 = maShortTermXtrenderH4 > maShortTermXtrenderH4[1];

AddLabel(yes, "4HR", if bullishBXH4 then Color.green else Color.red);


# AGGREGATION 3 - DAY

def aD = aggregationPeriod.DAY;
def shortTermXtrenderD= RSI(price = ExpAverage(close(period = aD), short_l1) - ExpAverage(close(period = aD), short_l2), length = short_l3) - 50;
def maShortTermXtrenderD = t3( shortTermXtrenderD, 5);
def bullishBXD = maShortTermXtrenderD > maShortTermXtrenderD[1];

AddLabel(yes, "D", if bullishBXD then Color.green else Color.red);

# AGGREGATION 4 - WEEK

def aW = aggregationPeriod.WEEK;
def shortTermXtrenderW= RSI(price = ExpAverage(close(period = aW), short_l1) - ExpAverage(close(period = aW), short_l2), length = short_l3) - 50;
def maShortTermXtrenderW = t3( shortTermXtrenderW, 5);
def bullishBXW = maShortTermXtrenderW > maShortTermXtrenderW[1];

AddLabel(yes, "WK", if bullishBXW then Color.green else Color.red);

# AGGREGATION 5 - MONTH

def aMM = aggregationPeriod.MONTH;
def shortTermXtrenderMM= RSI(price = ExpAverage(close(period = aMM), short_l1) - ExpAverage(close(period = aMM), short_l2), length = short_l3) - 50;
def maShortTermXtrenderMM = t3( shortTermXtrenderMM, 5);
def bullishBXMM = maShortTermXtrenderMM > maShortTermXtrenderMM[1];

AddLabel(yes, "MO", if bullishBXMM then Color.green else Color.red);

# AGGREGATION 6 - QUARTER

def aQ = aggregationPeriod.QUARTER;
def shortTermXtrenderQ= RSI(price = ExpAverage(close(period = aQ), short_l1) - ExpAverage(close(period = aQ), short_l2), length = short_l3) - 50;
def maShortTermXtrenderQ = t3( shortTermXtrenderQ, 5);
def bullishBXQ = maShortTermXtrenderQ > maShortTermXtrenderQ[1];

AddLabel(yes, "Q", if bullishBXQ then Color.green else Color.red);

# AGGREGATION 7 - YEAR

def aYR = aggregationPeriod.YEAR;
def shortTermXtrenderYR= RSI(price = ExpAverage(close(period = aYR), short_l1) - ExpAverage(close(period = aYR), short_l2), length = short_l3) - 50;
def maShortTermXtrenderYR = t3( shortTermXtrenderYR, 5);
def bullishBXYR = maShortTermXtrenderYR > maShortTermXtrenderYR[1];

AddLabel(yes, "YR", if bullishBXYR then Color.green else Color.red);

 

[atlas23]

Hi Help Please. how do i interpret the indicator. thanks

 

[MerryDay]

Hi Help Please. how do i interpret the indicator. thanks

If the histogram is green and above zero line and the red bars start creeping in below the zero line; look for trend end.
If the histogram is red and below zero line and the green bars start creeping in above the zero line; look for possible entry using your overall strategy:
https://usethinkscript.com/threads/good-strategy-basics-in-thinkorswim.8058/