Bull Flag and Bear Flag Formations for ThinkorSwim

[dreamb0x]

trying to test this out but im not sure what went wrong?
i dont see the wedge drawing but the arrows are there.
any guidance on what settings should i change?

 

[BenTen]

@dreamb0x See my comment #5. The arrows are there to help you identify potential formation. You have to connect the dots

Here is a screenshot to give you the idea. Note: this indicator does not highlight all potential formations you see below.

 

[dreamb0x]

ahhh thank you for the prompt response ben!

 

[Vorlauf]

Is it possible and how would this be made into a scanner?

 

[BenTen]

@Vorlauf That's exactly what the arrows are for. Watch the video in this thread if you need help: https://usethinkscript.com/threads/how-to-use-the-tos-scanner.284/

 

[Vorlauf]

@BenTen Thanks, exactly what I needed!

 

[amanrastogi1992]

@BenTen Can it be used for 5min and 15 min timeframes?

 

[BenTen]

@amanrastogi1992 Sure, just change the aggregation period in the indicator's setting.

 

[blake007]

thanks for this very helpful

 

[slrank82]

Hi Everyone, brand new to the forum and my coding experience pretty much non existent. I did a search and may have missed it, but @BenTen any tips on how I can take this code and make it into a watchlist column to alert me right when the yellow/white arrows are triggered? I have it in a column now but it is just showing a NaN in the column. I am assuming it is not formatted correctly.

 

[axlerod]

Can anyone help me plz with the thumbs as the thumbs are not showing up in the columns just blank squares

Also do i set the column to 1min or 1d or what time frame?

here is the code:

AddLabel(yes, if Bulltrigger then "" else if BearTrigger then "" else " ", if BearTrigger then Color.dark_red else if Bulltrigger then Color.dark_GREEN else Color.ORANGE);
AssignBackgroundColor(color.light_ORANGE);

 

[Pensar]

@axlerod It displays properly in my watchlist column - try re-copying the third code in post #1 of this thread. Watchlist timeframes are usually user preference.

 

[axlerod]

@axlerod It displays properly in my watchlist column - try re-copying the third code in post #1 of this thread. Watchlist timeframes are usually user preference.

Still not working ughh.. here is a screenshot see how it shows orange bars and only 2/3 have bearflag /bull i added that because the thumbs arent working..

--- UPDATE FROM KEN --- it doesn't work on MAC apples he said.

If you click on the 3 bar icon at the top and click share scan can you send me the link cuz maybe that will work for me.

 

[Pensar]

@axlerod Here you go http://tos.mx/qV5AcHb

 

[PlayTrader]

Hi Everyone, brand new to the forum and my coding experience pretty much non existent. I did a search and may have missed it, but @BenTen any tips on how I can take this code and make it into a watchlist column to alert me right when the yellow/white arrows are triggered? I have it in a column now but it is just showing a NaN in the column. I am assuming it is not formatted correctly.

From a blank Scan > Add a study filter > Edit > Delete the default Study > go to thinkScript editor and add the below:

NameofStudy()."Up4" is true within 2 bars or NameofStudy()."Up5" is true within 3 bars

Press OK > Associate a watch list and or Run the scan > Save

You can change the number of bars to look back from 3 to your choosing. Remember to adjust the aggregate day within the study if you need a different one as the default is set to 1 day.

 

[dmillz]

@PlayTrader @BenTen That doesnt work TOS gives an error about Secondary period not allowed: Day. I had it on day 3 min 5 min etc didnt work, EDIT: So you have to set your Aggregation on the scanner before then set it on the wedge script so it wont show this error.

 

[bmcgirth]

Wondering if the ">" arrows can be reversed in the coding and change the output to a broadening wedge from a narrowing wedge? Can it be something that simple or is it more involved?
thx

 

[ashfordtrader]

Wondering if the ">" arrows can be reversed in the coding and change the output to a broadening wedge from a narrowing wedge? Can it be something that simple or is it more involved?
thx

I am interested in Broadening formation as well. Please help.

 

[Rosalyn]

Hi @BenTen the watchlist is working but the "Bulltrigger then "" else if BearTrigger then "" else" thumbs up and down do not show but only shows orange coloring. Do you know why that is? Thx

 

[BenTen]

@Rosalyn There are two different versions of the watchlist column. You're probably using the older one. Check the first page of this thread again.