Bull and Bear Strength For ThinkOrSwim

[mbarcala]

Here is another version of Bull and Bear Strength from TradingView converted to thinkscript.
Original Link: https://www.tradingview.com/script/ZFfiy0mr/

Upper Indicator here: https://usethinkscript.com/threads/break-keltner-bands-bkb-for-thinkorswim.11220/

https://imgur.com/hWQKg5U

script here

# Bull and Bear Strength from TradingView converted by mbarcala
#Original link: https://www.tradingview.com/script/ZFfiy0mr/

declare lower;

input length = 20;
input bullper = 13;
input bearper = 13;

def Mdb = ExpAverage(close, length);
def bull = high - ExpAverage(close, bullper);
def bear = low - ExpAverage(close, bearper);

plot upLine = close - Mdb;
upLine.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
upLine.AssignValueColor(if upLine > 2.0 then CreateColor(0,102,204) else Color.CURRENT);
upLine.HideBubble();

plot downLine = -(bull + bear);
downLine.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
downLine.AssignValueColor(if downLine > 2.0 then Color.RED else Color.CURRENT);
downLine.HideBubble();

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

 

[drasp]

is this the alexander elder indicator?

 

[mbarcala]

is this the alexander elder indicator?

I converted from Pinescript, original link here: Original link: https://www.tradingview.com/script/ZFfiy0mr/

 

[majidg]

I converted from Pinescript, original link here: Original link: https://www.tradingview.com/script/ZFfiy0mr/

Thanks for this indicator. How do we decide about Buy or Sell? can you provide the code for scanner?

 

[mbarcala]

Thanks for this indicator. How do we decide about Buy or Sell? can you provide the code for scanner?

try this for Bull movement

def length = 20;
def bullper = 13;
def bearper = 13;

def Mdb = ExpAverage(close, length);
def bull = high - ExpAverage(close, bullper);
def bear = low - ExpAverage(close, bearper);

def upLine = close - Mdb;
def downLine = -(bull + bear);

plot crUp = upLine crosses above downLine;

#plot crDn = upLine crosses below downLine;

for bear scan comment (#) plot crUp and uncomment crDn and create another scan

 

[stormy77]

Hello, can anyone explain how to read this indicator? would appreciate it

 

[mr_nicegy]

@mbarcala Could you share the workspace? What is that indicator that turns the candles to blue? I would appreciate your help.

 

[mbarcala]

@mbarcala Could you share the workspace? What is that indicator that turns the candles to blue? I would appreciate your help.

read post number 1 I already include the upper indicator, thanks

 

[jay2]

anyway to get this working correctly for mobile?

 

[MerryDay]

anyway to get this working correctly for mobile?

https://usethinkscript.com/threads/...thinkorswim-mobile-app.232/page-4#post-105463