BT Leading Candle Indicator For ThinkOrSwim

jygoli

Member
The author states:
The oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
FPafzYS.png


Does anyone has already converted this TV indicator ?
BT Leading Candle Indicator
https://www.tradingview.com/v/s80XW3Pk/[/B][/URL]
 
Last edited by a moderator:
Does anyone has already converted this TV indicator ?
BT Leading Candle Indicator
https://www.tradingview.com/v/s80XW3Pk/[/B][/URL]
find below the original code

CODE:
CSS:
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © blackcat1402
#study("[blackcat] L2 Leading KDJ Candle Indicator", overlay=false)
# Converted by Sam4Cok@Samer800    - 09/2023
declare lower;

#// inputs
input Length = 30;
input leadingKdjStyle = {"Line", "Candles",Default "Line & Candles"};


def na = Double.NaN;
def last = isNaN(close);
def pos = Double.POSITIVE_INFINITY;
def neg = Double.NEGATIVE_INFINITY;
def candle = leadingKdjStyle==leadingKdjStyle."Candles";
def Line =  leadingKdjStyle==leadingKdjStyle."Line";

script nz {
    input data  = 1;
    input repl  = 0;
    def ret_val = if IsNaN(data) then repl else data;
    plot return = ret_val;
}
#//functions
#xrf(values, length) =>
script xrf {
    input values = close;
    input length = 0;
    def r_val;
    r_val = if length >= 1 then
            fold i = 0 to length with p do
            if IsNaN(r_val[1]) or !IsNaN(values[i]) then values[i] else r_val[1] else Double.NaN;
    plot return =  r_val;
}

#xsa(src,len,wei) =>
script xsa {
    input src = close;
    input len = 0;
    input wei = 0;
    def sumf;
    def ma;
    def out;
    sumf =  CompoundValue(1, sumf[1] - src[len] + src, src);
    ma   =  if IsNaN(src[len]) then Double.NaN else sumf / len;
    out  =  if IsNaN(out[1]) then ma else (src * wei + out[1] * (len - wei)) / len;
    plot return = out;
}

#//KDJ indicator
def ll = lowest(low,Length);
def hh = highest(high,Length);
def rsv = (close - ll)/(hh - ll) * 100;
def k_ = xsa(rsv, 3, 1);
def d_ = xsa(k_, 3, 1);
def k = if k_ then k_ else na;
def d = if d_ then d_ else na;
def crossUp = Crosses(k,d, CrossingDirection.ABOVE);
def crossDn = Crosses(d,k, CrossingDirection.BELOW);
def buysig =  if d < 25 and crossUp then 30 else 0;
def selsig =  if d > 75 and crossDn then 70 else 100;

#//plot buy and sell signal
plot ple = buysig;#,color=color.green, linewidth=1,style=plot.style_area, transp=0)
plot pse = selsig;#,color=color.red, linewidth=2,style=plot.style_line, transp=0)
ple.SetdefaultColor(Color.GREEN);
pse.SetDefaultColor(Color.RED);

AddCloud(pos, pse, Color.DARK_RED);
AddCloud(ple, neg, Color.DARK_GREEN);
#// KDJ leading line
def var1 = (close - Average(close,13))/Average(close,13)*100;
def var2 = (close - Average(close,26))/Average(close,21)*100;
def var3 = (close - Average(close,90))/Average(close,34)*100;
def var4 = (var1 + 3 * var2 + 9 * var3)/13;
def var5 = (100 - AbsValue(var4));
def var10 = lowest(low,10);
def var13 = highest(high,25);
def leadingline = ExpAverage((close - var10)/(var13 - var10) * 4, 4) * 25;
def up = k >= d;

plot pbias = if candle then na else leadingline;
pbias.AssignValueColor(if up then Color.YELLOW else Color.MAGENTA);
pbias.SetLineWeight(2);

# Plot the new Chart

AddChart(high = if up then d else na, low = if Line then na else k , open = k,  close = d,
         type = ChartType.CANDLE, growcolor =  CreateColor(38,166,154));

AddChart(high = if up then na else d , low = if Line then na else k , open = d,  close = k,
         type = ChartType.CANDLE, growcolor =  CreateColor(239,83,80));

#//threshold lines
def h1 = if last then na else 80;#,color=color.red, linestyle=hline.style_dotted)
def h2 = if last then na else 20;#, color=color.yellow, linestyle=hline.style_dotted)
def h3 = if last then na else 10;#,color=color.lime, linestyle=hline.style_dotted)
def h4 = if last then na else 90;#, color=color.fuchsia, linestyle=hline.style_dotted)

AddCloud(h2,h3, Color.VIOLET, Color.VIOLET, yes);
AddCloud(h1,h4, Color.PLUM, Color.PLUM, yes);

# End of CODE
 
find below the original code

CODE:
CSS:
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © blackcat1402
#study("[blackcat] L2 Leading KDJ Candle Indicator", overlay=false)
# Converted by Sam4Cok@Samer800    - 09/2023
declare lower;

#// inputs
input Length = 30;
input leadingKdjStyle = {"Line", "Candles",Default "Line & Candles"};


def na = Double.NaN;
def last = isNaN(close);
def pos = Double.POSITIVE_INFINITY;
def neg = Double.NEGATIVE_INFINITY;
def candle = leadingKdjStyle==leadingKdjStyle."Candles";
def Line =  leadingKdjStyle==leadingKdjStyle."Line";

script nz {
    input data  = 1;
    input repl  = 0;
    def ret_val = if IsNaN(data) then repl else data;
    plot return = ret_val;
}
#//functions
#xrf(values, length) =>
script xrf {
    input values = close;
    input length = 0;
    def r_val;
    r_val = if length >= 1 then
            fold i = 0 to length with p do
            if IsNaN(r_val[1]) or !IsNaN(values[i]) then values[i] else r_val[1] else Double.NaN;
    plot return =  r_val;
}

#xsa(src,len,wei) =>
script xsa {
    input src = close;
    input len = 0;
    input wei = 0;
    def sumf;
    def ma;
    def out;
    sumf =  CompoundValue(1, sumf[1] - src[len] + src, src);
    ma   =  if IsNaN(src[len]) then Double.NaN else sumf / len;
    out  =  if IsNaN(out[1]) then ma else (src * wei + out[1] * (len - wei)) / len;
    plot return = out;
}

#//KDJ indicator
def ll = lowest(low,Length);
def hh = highest(high,Length);
def rsv = (close - ll)/(hh - ll) * 100;
def k_ = xsa(rsv, 3, 1);
def d_ = xsa(k_, 3, 1);
def k = if k_ then k_ else na;
def d = if d_ then d_ else na;
def crossUp = Crosses(k,d, CrossingDirection.ABOVE);
def crossDn = Crosses(d,k, CrossingDirection.BELOW);
def buysig =  if d < 25 and crossUp then 30 else 0;
def selsig =  if d > 75 and crossDn then 70 else 100;

#//plot buy and sell signal
plot ple = buysig;#,color=color.green, linewidth=1,style=plot.style_area, transp=0)
plot pse = selsig;#,color=color.red, linewidth=2,style=plot.style_line, transp=0)
ple.SetdefaultColor(Color.GREEN);
pse.SetDefaultColor(Color.RED);

AddCloud(pos, pse, Color.DARK_RED);
AddCloud(ple, neg, Color.DARK_GREEN);
#// KDJ leading line
def var1 = (close - Average(close,13))/Average(close,13)*100;
def var2 = (close - Average(close,26))/Average(close,21)*100;
def var3 = (close - Average(close,90))/Average(close,34)*100;
def var4 = (var1 + 3 * var2 + 9 * var3)/13;
def var5 = (100 - AbsValue(var4));
def var10 = lowest(low,10);
def var13 = highest(high,25);
def leadingline = ExpAverage((close - var10)/(var13 - var10) * 4, 4) * 25;
def up = k >= d;

plot pbias = if candle then na else leadingline;
pbias.AssignValueColor(if up then Color.YELLOW else Color.MAGENTA);
pbias.SetLineWeight(2);

# Plot the new Chart

AddChart(high = if up then d else na, low = if Line then na else k , open = k,  close = d,
         type = ChartType.CANDLE, growcolor =  CreateColor(38,166,154));

AddChart(high = if up then na else d , low = if Line then na else k , open = d,  close = k,
         type = ChartType.CANDLE, growcolor =  CreateColor(239,83,80));

#//threshold lines
def h1 = if last then na else 80;#,color=color.red, linestyle=hline.style_dotted)
def h2 = if last then na else 20;#, color=color.yellow, linestyle=hline.style_dotted)
def h3 = if last then na else 10;#,color=color.lime, linestyle=hline.style_dotted)
def h4 = if last then na else 90;#, color=color.fuchsia, linestyle=hline.style_dotted)

AddCloud(h2,h3, Color.VIOLET, Color.VIOLET, yes);
AddCloud(h1,h4, Color.PLUM, Color.PLUM, yes);

# End of CODE
Thank you so much Samer
 
This is actually a very good indicator for my 1min scalping. However, has anyone been able to figure out an adjustment to the calculations of the "LeadingLine" in order to balance it? It's extremely leading that it often jumps straight to extreme OB/OS areas too immaturely.
 

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