Repaints Daily Single Trade [SMRT Algo] for ThinkOrSwim

Repaints
samer800

samer800

Moderator - Expert
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mod note:
This script uses future bars. It does not update in real time. It repaints retrospectively.
Because of the repainting, it is not possible to have scans or watchlists with this study
Click to expand...
GrKwuyy.png

Author Message:

The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.

More Details: https://www.tradingview.com/v/wbYd0P34/

Update - Code Fix - 02/2025

CSS: 
#// Indicator for TOS
#// © SMRTAlgo
#indicator('Daily Single Trade [SMRT Algo]', shorttitle='Daily Single Trade [SMRT Algo]', overlay=true)
# Converted by Sam4Cok@Samer800    - 01/2025
# code fix by Sam4Cok@Samer800    - 02/2025
input resetSignalPeriod = AggregationPeriod.DAY;
input startTradingTime = 930;     # "Market Open Time Hour"
input signalShape = {Default "Bubbles", "Arrows", "Don't Show"};
input ShowExitPoints = yes;       # "Show Exit Point"
input showTradingLines = yes;
input RiskRewardRatio = 1.75;     # "Risk-Reward Ratio"
input shareSize = 10;

def na = Double.NaN;
def last = isNaN(close);
def arrow = signalShape==signalShape."Arrows";
def bubble = signalShape==signalShape."Bubbles";
def cap = GetAggregationPeriod();
def Day = GetYYYYMMDD();
def restTf = Max(cap, resetSignalPeriod);
def reset = if !last then close(Period = restTf) else reset[1];
def specificTime = if Day!=Day[1] then yes else if (SecondsFromTime(startTradingTime) <=0) then yes else no;
def newDay = reset!=reset[1];

def Pip = atr(Length = 300) * 0.35;

def myLong; def myShort;
def candle1High; def candle1Low;
def stop_loss; def take_profit;
def tradeExecuted; def entryPrice;
def tradeExecuted1; def entryPrice1;
def tradeDirection; def tradeDirection1; def tradeDirection2;

if newDay {
    tradeExecuted1 = no;
    tradeDirection2 = 0;
    entryPrice1 = na;
} else {
    tradeExecuted1 = tradeExecuted[1];
    tradeDirection2 = tradeDirection[1];
    entryPrice1 = entryPrice[1];
}

if specificTime and !tradeExecuted1 {
#if (Day!=Day[1] or specificTime <= 0) and !tradeExecuted1 {
    stop_loss = na;
    take_profit = na;
    entryPrice = entryPrice1;
    tradeDirection1 = 0;
    tradeExecuted = no;
    candle1High = high;
    candle1Low = low;
    myLong = no;
    myShort = no;
} else if !specificTime and !tradeExecuted1 {
#} else if specificTime > 0 and !tradeExecuted1 {
    candle1High = if isNaN(entryPrice1) then high[1] else candle1High[1];
    candle1Low  = if isNaN(entryPrice1) then low[1] else candle1Low[1];
    if close > candle1High {
        entryPrice = open[-1]; #close;
        stop_loss = candle1Low - Pip;
        take_profit = entryPrice + (entryPrice - stop_loss) * RiskRewardRatio;
        tradeDirection1 = 1;
        tradeExecuted = yes;
        myLong = entryPrice;
        myShort = no;
    } else if close < candle1Low {
        entryPrice = open[-1];
        stop_loss = candle1High + Pip;
        take_profit = entryPrice - (stop_loss - entryPrice) * RiskRewardRatio;
        tradeDirection1 = -1;
        tradeExecuted = yes;
        myLong = no;
        myShort = entryPrice;
    } else {
        entryPrice = entryPrice1;
        stop_loss = stop_loss[1];
        take_profit = take_profit[1];
        tradeDirection1 = tradeDirection2;
        tradeExecuted = tradeExecuted1;
        myLong = no;
        myShort = no;
    }
} else {
    entryPrice = entryPrice1;
    candle1High = candle1High[1];
    candle1Low = candle1Low[1];
    stop_loss = stop_loss[1];
    take_profit = take_profit[1];
    tradeDirection1 = tradeDirection2;
    tradeExecuted = tradeExecuted1;
    myLong = no;
    myShort = no;
}
def win;
def earn;
def ExLong; def ExShort;
if tradeDirection1 == 1 {
    ExShort = no;
    if newDay[-1] {
        ExLong = close;
        tradeDirection = 0;
        win = if ExLong > entryPrice then win[1] + 1 else win[1];
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else if  high > take_profit {
        ExLong = take_profit;
        tradeDirection = 0;
        win = win[1] + 1;
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else if close < stop_loss {
        ExLong = close;
        tradeDirection = 0;
        win = win[1];
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else {
    ExLong = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
    }
} else if tradeDirection1 == -1 {
    ExLong = no;
    if newDay[-1] {
        ExShort = close;
        tradeDirection = 0;
        win = if ExShort < entryPrice then win[1] + 1 else win[1];
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else if low < take_profit {
        ExShort = take_profit;
        tradeDirection = 0;
        win = win[1] + 1;
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else if close > stop_loss {
        ExShort = close;
        tradeDirection = 0;
        win = win[1];
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else {
    ExShort = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
    }
} else {
    ExLong = no;
    ExShort = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
}

plot sl = if !last and showTradingLines and tradeDirection[1] and stop_loss[1] then stop_loss[1] else na;
plot tp = if !last and showTradingLines and tradeDirection[1] and take_profit[1] then take_profit[1] else na;
plot ep = if !last and showTradingLines and tradeDirection[1] and entryPrice[1] then entryPrice[1] else na;

ep.SetDefaultColor(Color.GRAY);
sl.SetDefaultColor(Color.RED);
tp.SetDefaultColor(Color.GREEN);

AddCloud(tp, ep, Color.DARK_GREEN, Color.DARK_GREEN);
AddCloud(sl, ep, Color.DARK_RED, Color.DARK_RED);

#-- Signals

plot exitLong = if ShowExitPoints and ExLong then ExLong else na;
plot exitShort = if ShowExitPoints and ExShort then ExShort else na;
plot enterLong = if Arrow and myLong[1] then low else na;
plot enterShort = if Arrow and myShort[1] then high else na;

exitLong.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);
exitShort.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);
enterLong.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
enterShort.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
exitLong.AssignValueColor(if win!=win[1] then Color.CYAN else Color.MAGENTA);
exitShort.AssignValueColor(if win!=win[1] then Color.CYAN else Color.MAGENTA);
enterLong.SetDefaultColor(Color.CYAN);
enterShort.SetDefaultColor(Color.MAGENTA);

AddChartBubble(bubble and myLong[1], low, AsDollars(myLong[1]), Color.GREEN, no);
AddChartBubble(bubble and myShort[1], high, AsDollars(myShort[1]), Color.RED);


#--
def trades = if myLong then trades[1] + 1 else
             if myShort then trades[1] + 1 else trades[1];
def winPer = win / trades;
AddLabel(1, "Trade(" + trades + ")", Color.WHITE);
AddLabel(1, "WinRate(" + AsPercent(winPer) + ")", if winPer > 0.5 then Color.GREEN else Color.RED);
AddLabel(1, "P/L(" + AsDollars(earn) + ")", if earn > 0 then Color.GREEN else Color.RED);

#-- END of CODE
 
Last edited by a moderator:

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samer800 said:
GrKwuyy.png


Author Message:

The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.

More Details: https://www.tradingview.com/v/wbYd0P34/

CODE:

CSS: 
#// Indicator for TOS
#// © SMRTAlgo
#indicator('Daily Single Trade [SMRT Algo]', shorttitle='Daily Single Trade [SMRT Algo]', overlay=true)
# Converted by Sam4Cok@Samer800    - 01/2025

input resetSignalPeriod = AggregationPeriod.DAY;
input startTradingTime = 930;     # "Market Open Time Hour"
input signalShape = {Default "Bubbles", "Arrows", "Don't Show"};
input ShowExitPoints = yes;       # "Show Exit Point"
input showTradingLines = yes;
input RiskRewardRatio = 1.75;     # "Risk-Reward Ratio"
input shareSize = 10;

def na = Double.NaN;
def last = isNaN(close);
def arrow = signalShape==signalShape."Arrows";
def bubble = signalShape==signalShape."Bubbles";
def cap = GetAggregationPeriod();
def restTf = Max(cap, resetSignalPeriod);
def reset = if !last then close(Period = restTf) else reset[1];
def specificTime = SecondsFromTime(startTradingTime);
def newDay = reset - reset[1];

def Pip = atr(300) * 0.35;

def myLong; def myShort;
def candle1High; def candle1Low;
def stop_loss; def take_profit;
def tradeExecuted; def entryPrice;
def tradeExecuted1; def entryPrice1;
def tradeDirection; def tradeDirection1; def tradeDirection2;

if newDay {
    tradeExecuted1 = no;
    tradeDirection2 = 0;
    entryPrice1 = na;
} else {
    tradeExecuted1 = tradeExecuted[1];
    tradeDirection2 = tradeDirection[1];
    entryPrice1 = entryPrice[1];
}

if specificTime <= 0 and !tradeExecuted1 {
    stop_loss = na;
    take_profit = na;
    entryPrice = entryPrice1;
    tradeDirection1 = 0;
    tradeExecuted = no;
    candle1High = high;
    candle1Low = low;
    myLong = no;
    myShort = no;
} else if specificTime > 0 and !tradeExecuted1 {
    candle1High = if isNaN(entryPrice1) then high[1] else candle1High[1];
    candle1Low  = if isNaN(entryPrice1) then low[1] else candle1Low[1];
    if close > candle1High {
        entryPrice = open[-1]; #close;
        stop_loss = candle1Low - Pip;
        take_profit = entryPrice + (entryPrice - stop_loss) * RiskRewardRatio;
        tradeDirection1 = 1;
        tradeExecuted = yes;
        myLong = entryPrice;
        myShort = no;
    } else if close < candle1Low {
        entryPrice = open[-1];
        stop_loss = candle1High + Pip;
        take_profit = entryPrice - (stop_loss - entryPrice) * RiskRewardRatio;
        tradeDirection1 = -1;
        tradeExecuted = yes;
        myLong = no;
        myShort = entryPrice;
    } else {
        entryPrice = entryPrice1;
        stop_loss = stop_loss[1];
        take_profit = take_profit[1];
        tradeDirection1 = tradeDirection2;
        tradeExecuted = tradeExecuted1;
        myLong = no;
        myShort = no;
    }
} else {
    entryPrice = entryPrice1;
    candle1High = candle1High[1];
    candle1Low = candle1Low[1];
    stop_loss = stop_loss[1];
    take_profit = take_profit[1];
    tradeDirection1 = tradeDirection2;
    tradeExecuted = tradeExecuted1;
    myLong = no;
    myShort = no;
}
def win;
def earn;
def ExLong; def ExShort;
if tradeDirection1 == 1 {
    ExShort = no;
    if newDay[-1] {
        ExLong = close;
        tradeDirection = 0;
        win = if ExLong > entryPrice then win[1] + 1 else win[1];
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else if  high > take_profit {
        ExLong = take_profit;
        tradeDirection = 0;
        win = win[1] + 1;
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else if close < stop_loss {
        ExLong = close;
        tradeDirection = 0;
        win = win[1];
        earn = earn[1] + (ExLong - entryPrice) * shareSize;
    } else {
    ExLong = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
    }
} else if tradeDirection1 == -1 {
    ExLong = no;
    if newDay[-1] {
        ExShort = close;
        tradeDirection = 0;
        win = if ExShort < entryPrice then win[1] + 1 else win[1];
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else if low < take_profit {
        ExShort = take_profit;
        tradeDirection = 0;
        win = win[1] + 1;
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else if close > stop_loss {
        ExShort = close;
        tradeDirection = 0;
        win = win[1];
        earn = earn[1] + (entryPrice - ExShort) * shareSize;
    } else {
    ExShort = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
    }
} else {
    ExLong = no;
    ExShort = no;
    tradeDirection = tradeDirection1;
    win = win[1];
    earn = earn[1];
}

plot sl = if !last and showTradingLines and tradeDirection[1] and stop_loss[1] then stop_loss[1] else na;
plot tp = if !last and showTradingLines and tradeDirection[1] and take_profit[1] then take_profit[1] else na;
plot ep = if !last and showTradingLines and tradeDirection[1] and entryPrice[1] then entryPrice[1] else na;

ep.SetDefaultColor(Color.GRAY);
sl.SetDefaultColor(Color.RED);
tp.SetDefaultColor(Color.GREEN);

AddCloud(tp, ep, Color.DARK_GREEN, Color.DARK_GREEN);
AddCloud(sl, ep, Color.DARK_RED, Color.DARK_RED);

#-- Signals

plot exitLong = if ShowExitPoints and ExLong then ExLong else na;
plot exitShort = if ShowExitPoints and ExShort then ExShort else na;
plot enterLong = if Arrow and myLong[1] then low else na;
plot enterShort = if Arrow and myShort[1] then high else na;

exitLong.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);
exitShort.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);
enterLong.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
enterShort.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
exitLong.AssignValueColor(if win!=win[1] then Color.CYAN else Color.MAGENTA);
exitShort.AssignValueColor(if win!=win[1] then Color.CYAN else Color.MAGENTA);
enterLong.SetDefaultColor(Color.CYAN);
enterShort.SetDefaultColor(Color.MAGENTA);

AddChartBubble(bubble and myLong[1], low, AsDollars(myLong[1]), Color.GREEN, no);
AddChartBubble(bubble and myShort[1], high, AsDollars(myShort[1]), Color.RED);


#--
def trades = if myLong then trades[1] + 1 else
             if myShort then trades[1] + 1 else trades[1];
def winPer = win / trades;
AddLabel(1, "Trade(" + trades + ")", Color.WHITE);
AddLabel(1, "WinRate(" + AsPercent(winPer) + ")", if winPer > 0.5 then Color.GREEN else Color.RED);
AddLabel(1, "P/L(" + AsDollars(earn) + ")", if earn > 0 then Color.GREEN else Color.RED);

#-- END of CODE
Click to expand...
When I add this to my chart all it plots are the labels. I'm not seeing any of the signals or clouds. I've double checked to make sure nothing was commented out. I've played with the settings on various time frames and still nothing but the labels...am I doing something wrong?
 
Renko_Ranger said:
When I add this to my chart all it plots are the labels. I'm not seeing any of the signals or clouds. I've double checked to make sure nothing was commented out. I've played with the settings on various time frames and still nothing but the labels...am I doing something wrong?
Click to expand...

You are correct, not all the universe stocks can be used with this indicator.
Of the 24 big movers there are 8 that do not populate this indicator

This indicator repaints with future bars. It retroactively goes back and paints pretty trades on those stocks which had clear strong trends.
SJB0j3m.png
 
Last edited:
Renko_Ranger said:
When I add this to my chart all it plots are the labels. I'm not seeing any of the signals or clouds. I've double checked to make sure nothing was commented out. I've played with the settings on various time frames and still nothing but the labels...am I doing something wrong?
Click to expand...
i just updated the code. pls check from the original post.
 
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