Repaints B4 Balanced BB Breakout For ThinkOrSwim

[Chuck]

Yeah, I might be maxed out of memory or something.

Uninstalled TOS, tried all versions. And then I finally took the indicator off my chart and reinstalled it and BAM, it showed up. Just documenting incase someone else has similar problems.

 

[rad14733]

Uninstalled TOS, tried all versions. And then I finally took the indicator off my chart and reinstalled it and BAM, it showed up. Just documenting incase someone else has similar problems.

@Chuck It sounds like you may have had a corrupt chart panel... Wiping it clean sometimes works but when I have problems with a detached panel I just delete and rebuild the entire window... I've had to do this on at least several occasions...

 

[Chuck]

@Chuck It sounds like you may have had a corrupt chart panel... Wiping it clean sometimes works but when I have problems with a detached panel I just delete and rebuild the entire window... I've had to do this on at least several occasions...

I will rebuild the panel as well. Thank you for your input.

 

[barbaros]

I was thinking of trying this for vertical lines. It doesn't seem to be better than RSI IFT. What do you think?

https://usethinkscript.com/threads/completed-heikin_ashi-indicator.5251

 

[Chuck]

Snipped.

 

[Chuck]

Snipped for clarity. Code was not complete.

 

[Chuck]

Barbaros, you put anything you want into it. Man I appreciate all of your hard work.

 

[The Bataylor]

I was thinking of trying this for vertical lines. It doesn't seem to be better than RSI IFT. What do you think?

https://usethinkscript.com/threads/completed-heikin_ashi-indicator.5251

Looks to be pretty similar to me as far as the signals go. I think the IFT does the trick, but perhaps needs an additional filter to skim off some of the choppy trades.

 

[barbaros]

# MACD Strategy
# Mobius
# V.01.07.2012

#hint: The MACD Strategy uses a MACD to generate Buy and Sell signals.
# \n In the dafault mode it is always in the #market either Long or Short.
# \n A Fractal Choppiness Indicator is used to #disable the Buy signal when
# the equity is in a Choppy Zone.
# \n Hints are at each variable click on the ? #icon.
#wizard input: n_f
#wizard text: n_f:
#hint n_f: Periods for the Fast EMA.
#wizard input: n_s
#wizard text: n_s:
#hint n_s: Periods for the Slow EMA.
#wizard input: n_n
#wizard text: n_n:
#hint n_n: Period for the Slow EMA Smoothing Function.
#wizard input: SellEndOfDay
#wizard text: SellEndOfDay:
#hint SellEndOfDay: Yes = Postion closed at the end of the day.
# \n The signal is sent on the opening of the #next bar so make
# sure to leave enough time for the close to #be carried out.
#wizard input: CloseTime
#wizard text: CloseTime:
#hint CloseTime: Time is Eastern Standard Time.
#wizard input: MinBeforeClose
#wizard text: MinBeforeClose:
#hint MinBeforeClose: Minutes before 1600 when the signal #is assigned.
# \n The close will actually happen at the open #of the following bar.
#wizard input: nC
#wizard text: nC:
#hint nC: Periods for the calculation of the Fractal Choppiness Indicator.
#wizard input: nCA
#wizard text: nCA:
#hint nCA: Periods to calculate the Average value for the Fractal Choppiness Indicator.
#wizard input: Choppy
#wizard text: Choppy:
#hint Choppy: Value indicating the beginning of the Choppy #Zone.
# \n (Usually a value between 50 and 61.8)
# \n Buy Signals will not be generated in #the Choppy Zone.
# \n To disable this feature set the Value #at 100.
#wizard input: CIx
#wizard text: CIx:
#hint CIx: CIB uses the Choppiness Indicators (B)ase line #as the signal line.
# \n CIA uses the (A)verage of the #Choppiness Indicator.

input n_f = 13;
input n_s = 21;
input n_n = 8;
input SellEndOfDay = yes;
input CloseTime = 1600;
input MinBeforeClose = 10;
input nC = 34;
input nCA = 8;
input Choppy = 61.8;
input CIx = {default CIB, CIA};

def o = open;
def h = high;
def l = low;
def c = close;
def Seconds = MinBeforeClose * 60;
def secondsRemained = SecondsTillTime(CloseTime);
def F = (c * .15) + (.85 * ExpAverage(c, n_f)[1]);
def SS = (c * .075) + (.925 * ExpAverage(c, n_s)[1]);
def MACD = F - SS;
def MACDSL = ExpAverage(MACD, n_n);
def zero = 0;

# Fractal Choppiness Indicator

def CIA = 100 * Log( Sum( TrueRange(h, c, l), nC))
/ ( Highest(c[1], nC) - Lowest(c[1], nC))
/ Log(nC);

def CIB = ((Log(Sum(TrueRange(h, c, l), nC) /
(Highest(if h >= c[1]
then h
else c[1], nC) - Lowest( if l <= c[1]
then l
else c[1], nC))) / Log(10)) / (Log(nC) / Log(10))) * 100;
def CI = if CIx == CIx.CIB
then CIB
else CIA;
def CIavg = Average(CI, nCA);
def ex = if CIavg > Choppy
then 1
else 0;

# Chart Management
AssignPriceColor(if ex == 1
then Color.YELLOW
else if MACD > 0 and
MACD > MACD[1] and
MACD[1] > MACD[2]
then Color.GREEN
else if MACD < 0 and
MACD > MACDSL
then Color.GRAY
else if MACD crosses above 0
then Color.WHITE
else if MACD crosses below 0
then Color.BLUE
else Color.RED);

# Order Management

def buy = ex != 1 and
( MACD > MACDSL and
MACD > 0 or
MACD crosses Lowest(MACD, n_s));
def sell = if SellEndOfDay == yes
then
( secondsRemained >= 0 and
secondsRemained <= Seconds
) or
( MACD < MACDSL and
MACDSL < MACDSL[1] and
MACDSL[1] > MACDSL[2]
) or
MACD crosses below 0
or
MACD crosses Highest(MACD, n_s)
else
( MACD < MACDSL and
MACDSL < MACDSL[1] and
MACDSL[1] > MACDSL[2]) or
MACD crosses below 0 or
MACD crosses Highest(MACD, n_s)
;

AddOrder(OrderType.BUY_AUTO, condition = buy,
price = open,
tickcolor = Color. GREEN,
arrowcolor = Color.GREEN,
name = "BUY");

AddOrder(OrderType.SELL_AUTO, condition = sell,
price = open,
tickcolor = Color.RED,
arrowcolor = Color.RED,
name = "SELL");

# End Code

@Chuck I see a big problem with this strategy, besides that it is not complete. The buy and sell orders are entered with "open" instead of "open[-1]". Meaning, the price accounted for entry is the open of the bar that generates the signal. Unless I am reading this incorrectly, this is not feasible strategy.

 

[cos251]

Their is a MACD strat from mobius that does better than any stratify I ever tested. It owls probably take you 10 min to try.
I tried it today me had errors.

I feel like if we had anything else he needs to be able to outperform.

My impression is that you would not get as good entry and exit alerts. HA is better at predicting trends. The issue will always be finding one exit trigger. In most cases it will require a few indicators. The ultimate trigger is a trade plan with targets and exits already defined either manually or mechanically.

 

[barbaros]

My impression is that you would not get as good entry and exit alerts. HA is better at predicting trends. The issue will always be finding one exit trigger. In most cases it will require a few indicators. The ultimate trigger is a trade plan with targets and exits already defined either manually or mechanically.

I agree. RSM has targets and stoploss. I wonder if we can incorporate that. If all conditions match => entry, and exit is either other indicators (may be) exit or we reach RSM targets or stoploss.

 

[cos251]

I agree. RSM has targets and stoploss. I wonder if we can incorporate that. If all conditions match => entry, and exit is either other indicators (may be) exit or we reach RSM targets or stoploss.

Yes. It would be very easy to reuse the code in RSM that does the ADR/ATR calculations, stop loss and target plots. Only thing that needs to change are the main conditions on which to start plots.

 

[Chuck]

Maybe thats why I had 20 enties and exits all over the place... LOL. When I run it through a PL it always shows up high. No problem. Thanks for schooling me on this. I dont know much about all this stuff. I appreciate the straight forward approach your reply.

 

[Chuck]

What ever you guys decide on is great.

 

[Chuck]

The one thing I do know is I am enjoying using this indicator. And I appreciate all the feedback and input.

 

[Benjaminsabe]

I have a problem using a similar one. How do I disable being able to take a short position, so instead of a SELL_AUTO it would basically be "close order"

 

[barbaros]

Yes. It would be very easy to reuse the code in RSM that does the ADR/ATR calculations, stop loss and target plots. Only thing that needs to change are the main conditions on which to start plots.

I was going to work on PnL logic next anyway. It will be a good addition to have targets added at the same time.

 

[Chuck]

I was going to work on PnL logic next anyway. It will be a good addition to have targets added at the same time.

Loving the direction this thing is going. RSM got my vote.

 

[HuskeyTN]

Noob here... Any ideas of why the cloud and plots are not showing correctly? They all seem to be dragging along the bottom and not rising if that makes sense. I've tried wiping my graph window, resetting defaults, reading and reading some more. But can't seem to figure out why it's not displaying correctly. Not sure how to share a screenshot, even though I have one. BTW, really blown away from what I've learned from you all here. I'm a little over 6 weeks into this new found passion and feel like a kid in a candy store. Thank you all for the great knowledge and insight. Good luck all!

 

[The Bataylor]

@Chuck @barbaros Not a perfect science yet, but I have found that trading with a hull moving average cuts out many unwanted trades. Was playing with the 31-50 range for the length on the HMA.