Chandelier Exit Indicator for ThinkorSwim

[mrp2021]

Hi All, Thank you for the effort.

1. How can I replace the chartBubble with UPARROW and DOWNARROW?
def buySignal = direction == 1 and direction[1] == -1;
#AddChartBubble(buySignal and ShowLabels, low, "Buy Signal", Color.Green, no);

Tried simply
plot buySignal; # did not work

Tried the below did not work.
def bS1;
plot bS1 = if direction == 1 and direction[1] == -1 and ShowLabels == yes then ??


2. How do I use this code for scanning?

#Chandelier Exit (Upper Study)
#Version 1.0 Released 04/10/22
#Created by CustomThinkscript

input ATRLength = 22;
input ATRMultiplier = 3;
input ShowLabels = yes;
input UseClose = yes;
input HighlightState = yes;
input Alerts = no;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then highest(close, ATRLength) else highest(high, ATRLength)) - atr;
def longStopPrev = if IsNan(LongStop[1]) then longStop else LongStop[1];
def LS =if close[1] > longStopPrev then max(longStop, longStopPrev) else longStop;


def shortStop = (if UseClose then lowest(close, ATRLength) else lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNan(shortStop[1]) then shortStop else shortStop[1];
def SS =if close[1] < shortStopPrev then min(shortStop, shortStopPrev) else shortStop;

def dir = if close > shortStopPrev then 1 else if close < longStopPrev then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else double.Nan;
longStopPlot.SetDefaultColor(Color.Green);

plot ShortStopPlot = if direction == -1 then SS else Double.Nan;
shortStopPlot.SetDefaultColor(Color.Red);

def midPricePlot = OHLC4;

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

AddChartBubble(buySignal and ShowLabels, low, "Buy Signal", Color.Green, no);
AddChartBubble(sellSignal and ShowLabels, high, "Sell Signal", Color.Red, yes);

AddCloud(if direction == 1 and HighlightState then longStopPlot else Double.Nan, If direction == 1 and HighlightState then midPricePlot else Double.Nan, Color.Green, Color.Green, no);

AddCloud(if direction == -1 and HighlightState then shortStopPlot else Double.Nan, If direction == -1 and HighlightState then midPricePlot else Double.Nan, Color.Red, Color.Red, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "'Chandelier Exit' Buy!", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "'Chandelier Exit' Sell!", Alert.ONCE, Sound.Ding);

Thank you.

 

[JP782]

UPDATED VERSION
source link https://www.facebook.com/CustomThinkscript
https://tos.mx/zQWZdty

#Chandelier Exit (Upper Study)
#Version 1.1 Released 05/10/22
#Created by CustomThinkscript


input ATRLength = 22;
input ATRMultiplier = 3;
input ShowLabels = yes;
input UseClose = yes;
input HighlightState = yes;
input Alerts = no;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then highest(close, ATRLength) else highest(high, ATRLength)) - atr;
def longStopPrev = if IsNan(LongStop[1]) then LongStop else LongStop[1];
def LS = if close[1] > LS[1] then max(max(longStop, longStopPrev), LS[1]) else longStop;

def shortStop = (if UseClose then lowest(close, ATRLength) else lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNan(shortStop[1]) then ShortStop else shortStop[1];
def SS =if close[1] < SS[1] then min(min(shortStop, shortStopPrev), SS[1]) else shortStop;

def dir = if close > SS then 1 else if close < LS then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else double.Nan;
longStopPlot.SetDefaultColor(Color.Green);

plot ShortStopPlot = if direction == -1 then SS else Double.Nan;
shortStopPlot.SetDefaultColor(Color.Red);

def midPricePlot = OHLC4;

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

AddChartBubble(buySignal and ShowLabels, low, "Buy Signal", Color.Green, no);
AddChartBubble(sellSignal and ShowLabels, high, "Sell Signal", Color.Red, yes);

AddCloud(if direction == 1 and HighlightState then longStopPlot else Double.Nan, If direction == 1 and HighlightState then midPricePlot else Double.Nan, Color.Green, Color.Green, no);

AddCloud(if direction == -1 and HighlightState then shortStopPlot else Double.Nan, If direction == -1 and HighlightState then midPricePlot else Double.Nan, Color.Red, Color.Red, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "'Chandelier Exit' Buy!", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "'Chandelier Exit' Sell!", Alert.ONCE, Sound.Ding);

 

[sherkhane]

Hello Traders,

I am trying to create "chandelier exit" stock scanner. Can anyone help me create this scanner, please? Thanks

 

[MerryDay]

Hello Traders,

I am trying to create "chandelier exit" stock scanner. Can anyone help me create this scanner, please? Thanks

Change:

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

To:

plot buySignal = direction == 1 and direction[1] == -1;
plot sellSignal = direction == -1 and direction[1] == 1;

Then in the scan hacker:
1. Select the study
2. filter: buySignal is true

 

[mailbagman2000]

Change:

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

To:

plot buySignal = direction == 1 and direction[1] == -1;
plot sellSignal = direction == -1 and direction[1] == 1;

Then in the scan hacker:
1. Select the study
2. filter: buySignal is true

Tried it and and it worked great...THANKS

 

[andynbis]

Tried it and and it worked great...THANKS

When I paste the code, I get the message "Exactly one plot expected". What does that mean?
thanks

Means you didn't follow the instructions:
https://usethinkscript.com/threads/chandelier-exit-indicator-for-thinkorswim.178/page-2#post-100573

I'm sorry...I pasted the code into the thinkScript editor. I've read through this thread quite a few times, and don't know how to get past the "Exactly one plot expected" message. What other instructions have I missed?
Thanks for your help

 

[MerryDay]

When I paste the code, I get the message "Exactly one plot expected". What does that mean?
thanks


I'm sorry...I pasted the code into the thinkScript editor. I've read through this thread quite a few times, and don't know how to get past the "Exactly one plot expected" message. What other instructions have I missed?
Thanks for your help

https://usethinkscript.com/threads/how-to-use-thinkorswim-stock-hacker-scans.284/

 

[morenoreyes]

Change:

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

To:

plot buySignal = direction == 1 and direction[1] == -1;
plot sellSignal = direction == -1 and direction[1] == 1;

Then in the scan hacker:
1. Select the study
2. filter: buySignal is true

Anybody know , Is there a way to make it paint the bars, when the bars cross the red zone they are painted red and when they turn to the green they painted green ? Thanks

 

[MerryDay]

Anybody know , Is there a way to make it paint the bars, when the bars cross the red zone they are painted red and when they turn to the green they painted green ? Thanks

Add this to the bottom of your script:

input paintBars = yes ;
AssignPriceColor(if !paintBars
    then Color.CURRENT
    else if direction == 1 then color.green else color.red);

 

[Cleartarget]

Tried it and and it worked great...THANKS

Can you please share this scanner ,i have tried but cant get it.
Any help with the scanner?

 

[MerryDay]

When I paste the code, I get the message "Exactly one plot expected". What does that mean?
thanks


I'm sorry...I pasted the code into the thinkScript editor. I've read through this thread quite a few times, and don't know how to get past the "Exactly one plot expected" message. What other instructions have I missed?
Thanks for your help

Can you please share this scanner ,i have tried but cant get it.
Any help with the scanner?

Shared Scan Link: http://tos.mx/WcBRNMf Click here for --> Easiest way to load shared links

 

[dipaksas]

Here is a TOS Thinkscript version of "Chandelier Exit" translated from Tradingview.
source link: https://www.facebook.com/CustomThinkscript
http://tos.mx/7C9Ahas

#Chandelier Exit (Upper Study)
#Version 1.0 Released 04/10/22
#Created by CustomThinkscript

input ATRLength = 22;
input ATRMultiplier = 3;
input ShowLabels = yes;
input UseClose = yes;
input HighlightState = yes;
input Alerts = no;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then highest(close, ATRLength) else highest(high, ATRLength)) - atr;
def longStopPrev = if IsNan(LongStop[1]) then longStop else LongStop[1];
def LS =if close[1] > longStopPrev then max(longStop, longStopPrev) else longStop;


def shortStop = (if UseClose then lowest(close, ATRLength) else lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNan(shortStop[1]) then shortStop else shortStop[1];
def SS =if close[1] < shortStopPrev then min(shortStop, shortStopPrev) else shortStop;

def dir = if close > shortStopPrev then 1 else if close < longStopPrev then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else double.Nan;
longStopPlot.SetDefaultColor(Color.Green);

plot ShortStopPlot = if direction == -1 then SS else Double.Nan;
shortStopPlot.SetDefaultColor(Color.Red);

def midPricePlot = OHLC4;

def buySignal = direction == 1 and direction[1] == -1;
def sellSignal = direction == -1 and direction[1] == 1;

AddChartBubble(buySignal and ShowLabels, low, "Buy Signal", Color.Green, no);
AddChartBubble(sellSignal and ShowLabels, high, "Sell Signal", Color.Red, yes);

AddCloud(if direction == 1 and HighlightState then longStopPlot else Double.Nan, If direction == 1 and HighlightState then midPricePlot else Double.Nan, Color.Green, Color.Green, no);

AddCloud(if direction == -1 and HighlightState then shortStopPlot else Double.Nan, If direction == -1 and HighlightState then midPricePlot else Double.Nan, Color.Red, Color.Red, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "'Chandelier Exit' Buy!", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "'Chandelier Exit' Sell!", Alert.ONCE, Sound.Ding);

Thanks JP, I tried this script and results are very close. Trying to use it for S&P futures. Please let me know your thoughts.

 

[optmojo]

Thanks JP, I tried this script and results are very close. Trying to use it for S&P futures. Please let me know your thoughts.

Anybody know , Is there a way to make it paint the bars, when the bars cross the red zone they are painted red and when they turn to the green they painted green ? Thanks

How would you convert this to a TOS Strategies for entry/exit? Thank you in advance!!

 

[MerryDay]

How would you convert this to a TOS Strategies for entry/exit? Thank you in advance!!

1. Copy your study into the Strategy tab
2. Add this to the bottom of your script:

AddOrder(OrderType.BUY_AUTO, condition = (direction == 1));
AddOrder(OrderType.SELL_AUTO, condition = (direction == -1));

To understand more about the AddOrder() function:
https://usethinkscript.com/threads/addorder-thinkscript-backtest-buy-sell-in-thinkorswim.741/