Join useThinkScript to post your question to a community of 21,000+ developers and traders.
When is the best time to run this: After mkt closes or at premkt?
Hi: My Blast off shared script does not have any options that work for the Scanner.I thought there were arrows. But ok so the code will show move over the percent that’s in the code but it will not show which way correct. I’m just trying to see how I can use this effectively
The Blast Off study is found here:Hi: My Blast off shared script does not have any options that work for the Scanner.
How about you?
The daily results for the scan are found here:Arrow is true
Can this be used right before market close to determine a swing trade into the next day?@pdincer The purpose of this indicator is to help you build a watchlist of potential movers for the next day. Run the scanner at the end of day and set it to the Daily chart.
Use after the Market close to determine trade the next dayCan this be used right before market close to determine a swing trade into the next day?
How is this study working for people ? I am confused because nearly every SP500 stock I'm looking at on the study watchlist shows a pink candle so how is this identifying anythingYou should use this indicator on the daily chart. A pink candle represent a "blast off" candle. Expect a big move the next day. For day traders, you can also use this on the lower timeframes to look for indecision candles.
thinkScript Code
Code:# Blast Off Indicator # Should use on the Daily chart # Assembled by BenTen at useThinkScript.com # Converted from https://www.tradingview.com/script/V9Mi6eOO-CM-Blast-Off-V1-Alerts-Ready/ input trig = 20; input paintbar = yes; def val = absValue(close - open); def range = high - low; def blastOffVal = (val / range) * 100; def trigger = trig; def alert1 = blastOffVal < trig; def col = blastOffVal < trig; assignPriceColor(if paintbar and blastOffVal<trig then Color.MAGENTA else Color.Current); # Plot Arrow plot arrow = col; arrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); arrow.SetDefaultColor(Color.CYAN); arrow.SetLineWeight(1);
Shareable Link: https://tos.mx/3DOXHdO
Fancy Version
As suggested by @john3
Code:# Blast Off Indicator # Should use on the Daily chart # Assembled by BenTen at useThinkScript.com # Converted from https://www.tradingview.com/script/V9Mi6eOO-CM-Blast-Off-V1-Alerts-Ready/ # Modified version: added line to high and low of blast off candle. input trig = 20; def val = absValue(close - open); def range = high - low; def blastOffVal = (val / range) * 100; def trigger = trig; def alert1 = blastOffVal < trig; def col = blastOffVal < trig; def blast_candle = blastOffVal < trig; def b_high = if blast_candle then high else b_high[1]; def b_low = if blast_candle then low else b_low[1]; plot hh = b_high; plot ll = b_low; hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); hh.SetDefaultColor(Color.YELLOW); ll.SetDefaultColor(Color.YELLOW); assignPriceColor(if blastOffVal<trig then Color.MAGENTA else Color.WHITE);
The market indices have hit the lowest lows since 2020. Pretty sure it will indicate on everything right now.How is this study working for people ? I am confused because nearly every SP500 stock I'm looking at on the study watchlist shows a pink candle so how is this identifying anything
I like this as a scan, was wondering what would be changed in order to scan for two days of tight action, is it not possible to scan that way?How is this study working for people ? I am confused because nearly every SP500 stock I'm looking at on the study watchlist shows a pink candle so how is this identifying anything
Yes, you can set the aggregation to 2 days.I like this as a scan, was wondering what would be changed in order to scan for two days of tight action, is it not possible to scan that way?
Thank you in advance for any help
Here is the Scan Script:Is there anyway to scan for a Pink candle at the end of the day ?
Im guessing There is a purchase price for the Pink Candle scan ?
In the drop down menu in the plot I only have hh and ll which one do i choose for the pink candle ? Thanks
reference this one in the Scan Hacker
Code:# Blast Off Indicator # Should use on the Daily chart # Assembled by BenTen at useThinkScript.com # Converted from https://www.tradingview.com/script/V9Mi6eOO-CM-Blast-Off-V1-Alerts-Ready/ input trig = 20; input paintbar = yes; def val = absValue(close - open); def range = high - low; def blastOffVal = (val / range) * 100; def trigger = trig; def alert1 = blastOffVal < trig; def col = blastOffVal < trig; assignPriceColor(if paintbar and blastOffVal<trig then Color.MAGENTA else Color.Current); # Plot Arrow plot arrow = col; arrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); arrow.SetDefaultColor(Color.CYAN); arrow.SetLineWeight(1);
Shareable Link: https://tos.mx/3DOXHdO Click here for --> Easiest way to load shared links
No, direction is not found within this script.In the standard blast off indicator, It seems the arrow simply indicates where the pink bar is. Is there a way to show the up arrow when it is expected to go up the next day and down arrow when it is expected to do the next day? I mean, is there a way to identify whether the break is to the upside or downside?
Dear Ben.You should use this indicator on the daily chart. A pink candle represent a "blast off" candle. Expect a big move the next day. For day traders, you can also use this on the lower timeframes to look for indecision candles.
View attachment 5385
thinkScript Code
reference this one in the Scan Hacker
Code:# Blast Off Indicator # Should use on the Daily chart # Assembled by BenTen at useThinkScript.com # Converted from https://www.tradingview.com/script/V9Mi6eOO-CM-Blast-Off-V1-Alerts-Ready/ input trig = 20; input paintbar = yes; def val = absValue(close - open); def range = high - low; def blastOffVal = (val / range) * 100; def trigger = trig; def alert1 = blastOffVal < trig; def col = blastOffVal < trig; assignPriceColor(if paintbar and blastOffVal<trig then Color.MAGENTA else Color.Current); # Plot Arrow plot arrow = col; arrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); arrow.SetDefaultColor(Color.CYAN); arrow.SetLineWeight(1);
Shareable Link: https://tos.mx/3DOXHdO
Fancy Version
As suggested by @john3
Code:# Blast Off Indicator # Should use on the Daily chart # Assembled by BenTen at useThinkScript.com # Converted from https://www.tradingview.com/script/V9Mi6eOO-CM-Blast-Off-V1-Alerts-Ready/ # Modified version: added line to high and low of blast off candle. input trig = 20; def val = absValue(close - open); def range = high - low; def blastOffVal = (val / range) * 100; def trigger = trig; def alert1 = blastOffVal < trig; def col = blastOffVal < trig; def blast_candle = blastOffVal < trig; def b_high = if blast_candle then high else b_high[1]; def b_low = if blast_candle then low else b_low[1]; plot hh = b_high; plot ll = b_low; hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); hh.SetDefaultColor(Color.YELLOW); ll.SetDefaultColor(Color.YELLOW); assignPriceColor(if blastOffVal<trig then Color.MAGENTA else Color.WHITE);
Dear Ben.
I found this indicator worked wonder, especially with higher high and lower low in fancy version.
Can you help me with the regular green and red color instead of just white? Keep the trigger magenta.
Very appreciated always Ben.
assignPriceColor(if blastOffVal<trig then Color.MAGENTA else Color.Current);
Thread starter | Similar threads | Forum | Replies | Date |
---|---|---|---|---|
Repaints Cup and Handle Indicator for ThinkorSwim | Indicators | 24 | ||
The Ultimate Buy and Sell Indicator for ThinkOrSwim | Indicators | 5 | ||
Z-Score Probability Indicator for ThinkOrSwim | Indicators | 26 | ||
HTF PO3 Indicator For ThinkOrSwim | Indicators | 42 | ||
Market Bias (CEREBR) Indicator for ThinkOrSwim | Indicators | 15 |
Start a new thread and receive assistance from our community.
useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.
We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.
If you are new, or just looking for guidance, here are some helpful links to get you started.