DEEPWATER_THE ONE For ThinkOrSwim

[Deepwater]

@Deepwater Try this with your indicator on lower timeframe.

https://usethinkscript.com/threads/trend-reversal-with-signals.16681/#post-131548

Note that this indicators repaints.

Ya I am trying to avoid using anything that repaints it's signals. It makes the indicator look a lot better than it is. Not saying it is not useful but find it frustrating.

 

[JayNic]

I created a Buy scan and placed the code on Page 1 the 4th entry is now the scan for the strong buy signal. You need to add other discriminator filters like volume, price etc. Youtube will help you set up custom scans if you can't figure it out.

https://usethinkscript.com/threads/deepwater_the-one.6518/

I can't get the scanner to work on futures. Is there something that can be added/modified in the code to strictly look at futures?

 

[BrianH]

Anyone still using this indicator?

I'm late to the party but I just setup my charts with your indicator for tomorrow. - Thank you

 

[Deepwater]

I'm late to the party but I just setup my charts with your indicator for tomorrow. - Thank you

Let me know what you think

 

[Deepwater]

I updated The One on Page 1 to clean up a few things

 

[Deepwater]

Thanks Deepwater. going to try this out today. do you know by any chance if this repaints?

Does not repaint

 

[Deepwater]

I can't get the scanner to work on futures. Is there something that can be added/modified in the code to strictly look at futures?

Can you give me a few tos future symbols you are trying to get the scanner to work on?

 

[JayNic]

Can you give me a few tos future symbols you are trying to get the scanner to work on?

/GC, /NG, /ES

 

[rkwchu]

I updated The One on Page 1 to clean up a few things

Thank you. Is there any modifications required for The_One_Forex ?

 

[Deepwater]

Thank you. Is there any modifications required for The_One_Forex ?

I put forex version against The One. They are very similiar. I don't plan on updating the forex version, it has some of the older code some might find useful.

 

[Deepwater]

Been trading BBAI using The One. Up over 30% in 2026, over 60% over last three months. BBAI pretty much trading sideways.

 

[Semserus]

Then up in my charts I use 2 EMA of specific lengths plus some other nice info like Volume I combined from other sources. Enjoy the code.

input timeFrame = {default day};
input showOnlyToday = no;

def day = GetDay();
def lastday = GetLastDay();
def isToday = If(day >= lastday, 1, 0);


def shouldPlot = If(showOnlyToday and isToday, 1, If(!showOnlyToday, 1, 0));
 #-----------------------------
 #input paintBars = yes;
 #-------------
plot UpperVolatility = isToday;
plot LowerVolatility = !isToday;
 #-----------------------

UpperVolatility.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
UpperVolatility.SetLineWeight(3);
UpperVolatility.SetDefaultColor(Color.GREEN);
UpperVolatility.Hide();
 #----------------------------
LowerVolatility.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
LowerVolatility.SetLineWeight(3);
LowerVolatility.SetDefaultColor(Color.RED);
LowerVolatility.Hide();
 #------------------------------------------
 #( today bars )
DefineGlobalColor("up", Color.GREEN);
DefineGlobalColor("dwn", Color.RED);

 # ( not today bars )
DefineGlobalColor("invisi", Color.BLACK);

 # if not paint bars then paint normal ... if condition1 then bullish scheme ... if condition2 then bearish scheme ... else normal
AssignPriceColor(
 if !showOnlyToday
 #!paintBars
then Color.CURRENT

else
 # ( is today then normal paint )
if UpperVolatility
then
if close > open then GlobalColor("up") else GlobalColor("dwn")
 #globalColor( "up"winking smiley

else
 # ( is not today then black)
if LowerVolatility
then GlobalColor( "invisi")
 else Color.CURRENT);



def today = GetDay() == GetLastDay();
plot dailyHigh = if !today then Double.NaN else high(period = "day" );
plot dailyLow = if !today then Double.NaN else low(period = "day" );
#-----------------------------
# ___________________________________________________________
# ________________  DAY/ HI-LOW / VOLUME ____________________
# ___________________________________________________________
#


input show_label = yes;
input show_bubble = no;


def period_Type = AggregationPeriod.DAY;

def begin = close(period = period_Type)[1];
def end = close(period = period_Type);
def NetChg = end - begin;
def PctChg = (end / begin) - 1;
def DayVolume = volume(period = "DAY");


AddLabel(show_label, " V: " + DayVolume + "  " , if  DayVolume > 0 then CreateColor( 224, 224, 224)
else if  DayVolume == 0 then CreateColor(224, 224, 224) else Color.LIGHT_GRAY);


def bar = if IsNaN(close)
             then if yes
                     then bar[1]
                     else Double.NaN
             else BarNumber();
def ThisBar = HighestAll(bar);
def barCount   = if bar == ThisBar
                 then close
                 else Double.NaN;
#####------EMA2
input price = close;
#input length9 = 9;
input length34 = 34;
input length144 = 144;
input displace = 0;
input showBreakoutSignals = no;

#def AvgExp9 = ExpAverage(price[-displace], length9);
def AvgExp34 = ExpAverage(price[-displace], length34);
def AvgExp144 = ExpAverage(price[-displace], length144);

input averageType = AverageType.EXPONENTIAL;

plot fastAvg = MovingAverage(averageType, price[-displace], Length34);
plot slowAvg = MovingAverage(averageType, price[-displace], Length144);

fastAvg.SetDefaultColor(GetColor(1));
slowAvg.SetDefaultColor(GetColor(0));
AddLabel(yes, if  fastAvg < slowAvg then "Trending Down" else "");
#Alert( fastAvg < slowAvg ,  "Trending Down ", Alert.BAR, Sound.Ring);
AddLabel(fastAvg > slowAvg, "Trending Up ", Color.LIGHT_GREEN);
#Alert( fastAvg > slowAvg ,  "Trending Up ", Alert.BAR, Sound.Ring);

#End Code

Thanks a lot .. !

 

[AlwaysLearning]

Been trading BBAI using The One. Up over 30% in 2026, over 60% over last three months. BBAI pretty much trading sideways.

How you decide to close position?

 

[Deepwater]

How you decide to close position?

I'm still in BBAI after the AI sector stocks pulled back. I use the indicator to trade every other day basically or day trade it

 

[Arun85]

I'm still in BBAI after the AI sector stocks pulled back. I use the indicator to trade every other day basically or day trade it

@Deepwater I happened to see your study/indicator, and it looks good. I noticed that you don’t use this study for day trading, yet you use it on the 2-minute and 5-minute timeframes (based on some of your posts). How do you trade this setup since u said "I use the indicator to trade every other day basically or day trade it?" You watch it on the 2-minute/5-minute charts, mark the buy/sell signals, and then trade the next day?

For example, AVAV gave multiple buy signals on the 2-minute chart on 3/2/26, yet it continued to move lower. However, I see that it’s up today (3/3), around where some of the buy signals plotted yesterday.
Also, if I wanted to swing trade using this setup, which timeframe would you recommend? The 30-minute and 1-hour charts with extended hours look almost similar. TIA

 

[Deepwater]

@Deepwater I happened to see your study/indicator, and it looks good. I noticed that you don’t use this study for day trading, yet you use it on the 2-minute and 5-minute timeframes (based on some of your posts). How do you trade this setup since u said "I use the indicator to trade every other day basically or day trade it?" You watch it on the 2-minute/5-minute charts, mark the buy/sell signals, and then trade the next day?

For example, AVAV gave multiple buy signals on the 2-minute chart on 3/2/26, yet it continued to move lower. However, I see that it’s up today (3/3), around where some of the buy signals plotted yesterday.
Also, if I wanted to swing trade using this setup, which timeframe would you recommend? The 30-minute and 1-hour charts with extended hours look almost similar. TIA

I do daytrade with the one but more common for me to take a position and hold it a day or two. There seems to be an opening downward bias to the markets and the one is great for marking the turn in the market. I follow 20 plus charts and simultaneously I will see most get a trigger to buy at the same time.

 

[Deepwater]

How you decide to close position?

I look for the strong sell signals, a large red down spike or grouped and overbought flags it will send watch it for a week or two. You'll see it alert to many things

 

[Deepwater]

Been trading oild oil inverse. Once the straight of hormuz reopens, oil will fall, oild should rise

 

[jhagen]

new to the community. been trading over 20 years and still on the losing side. looking forward to using some of the indicators. right now, i have a couple on lower side of chart but only one shows? it takes me a while to respond being as I still work full time. I get on computer off on throughout the day. I'm leaning toward trading on the 2-hour time frame. any suggestions??

 

[Deepwater]

new to the community. been trading over 20 years and still on the losing side. looking forward to using some of the indicators. right now, i have a couple on lower side of chart but only one shows? it takes me a while to respond being as I still work full time. I get on computer off on throughout the day. I'm leaning toward trading on the 2-hour time frame. any suggestions??

Kind of vague. What indicator(s) are below your chart?