Disappearing Moving Average for ThinkorSwim

[Gymini]

The guy from Trading Rush just made his own moving average that disappears in a range market to cut out false signals: Source code of the "Trading Rush Moving Average" (the one that disappears in range markets) that was tested 100 Times in the latest Trading Rush video:

Just wanted to share in case someone wanted to convert to thinkscript:

Original Source Code By Trading Rush (for TradingView) starts below this line:

//Created by Trading Rush

// © Trading Rush

//@version=4

study(title="Trading Rush Moving Average", shorttitle="TR EMA", overlay=true, resolution="")

len = 200

src = close

ema1 = ema(src, len)

maColor = if(close[5] > ema1[5] and close[10] > ema1[10] and close[15] > ema1[15] and close[20] > ema1[20] and close[30] > ema1[30] and close[40] > ema1[40] and close[50] > ema1[50] and close > ema1)

    [URL='http://color.green/']color.green[/URL]

else if(close[5] < ema1[5] and close[10] < ema1[10] and close[15] < ema1[15] and close[20] < ema1[20] and close[30] < ema1[30] and close[40] < ema1[40] and close[50] < ema1[50] and close < ema1)

    [URL='http://color.red/']color.red[/URL]

else

    [URL='https://color.new/']color.new[/URL](color.white, 100)



plot(ema1, title="TR EMA", color=maColor, linewidth=4)

 

[Pensar]

@Gymini Here is a very rough draft I quickly tossed together. There's nothing magic about this indicator (or any other indicator for that matter) but you can look at it and make your own decision. Its simply a 200 period moving average that sometimes does'nt plot on the chart.

def avg = expaverage(close,200);
def up = (close[5] > avg[5] and close[10] > avg[10] and close[15] > avg[15] and close[20] > avg[20] and close[30] > avg[30] and close[40] > avg[40] and close[50] > avg[50] and close > avg);
def dn = (close[5] < avg[5] and close[10] < avg[10] and close[15] < avg[15] and close[20] < avg[20] and close[30] < avg[30] and close[40] < avg[40] and close[50] < avg[50] and close < avg);

plot ema = if up or dn then avg else double.nan;
ema.assignvaluecolor(if up then color.green else color.red);

 

[MerryDay]

I don't necessarily agree with definitions of 'green' or 'red' in this indicator. However, we all are always looking for ways to have cleaner charts so providing the logic behind 'disappearing' lines has some educational value.

# Trading Rush Moving Average TR EMA
# Created by Trading Rush version4

DefineGlobalColor("NoColor", CreateColor(221, 221, 221)) ;
input len = 200 ;
input src = close ;
plot ema1 = ExpAverage(src, len);

ema1.assignValueColor(
         if (close[5] > ema1[5] and close[10] > ema1[10] and close[15] > ema1[15] and close[20] > ema1[20] and close[30] > ema1[30] and close[40] > ema1[40] and close[50] > ema1[50] and close > ema1) then color.green

    else if (close[5] < ema1[5] and close[10] < ema1[10] and close[15] < ema1[15] and close[20] < ema1[20] and close[30] < ema1[30] and close[40] < ema1[40] and close[50] < ema1[50] and close < ema1) then color.red else GlobalColor("NoColor"));

ema1.SetLineWeight(2);

This is a little bit of a case of smoke and mirrors. The moving average line does not actually 'disappear'. The RGB line color is set to be equal to the background color of the chart.

To find out the RGB values of your chart background:

1. Click on Settings
2. Click on Appearance
3. Click on Background
4. Click on More
5. Click on RGB

Write down the first 3 numbers. Change the Global Color "No Color" settings to equal those numbers.

HTH

 

[Leodevta]

Add to Chart operation failed, reason: line 17: Syntax error at input '='. Please help I am getting this error !

 

[Britt95]

Add to Chart operation failed, reason: line 17: Syntax error at input '='. Please help I am getting this error !

Same here I am getting the same error. Does anyone know why?

 

[halcyonguy]

Add to Chart operation failed, reason: line 17: Syntax error at input '='. Please help I am getting this error !

as none of the tos codes have 17 lines, i'm going to assume you tried to load the code from post #1, which is for tradingview, not thinkscript.

here are some steps to help with your issue.
.... slow down and read all of a post slowly. Although this is a thinkscript forum, people post other codes and ask for them to be converted.
post 1 includes code for trading view, not thinkscript.
' Original Source Code By Trading Rush (for TradingView) starts below this line:'

Code created for one application won't run in another usually. It has to be converted.

try the code from post2 or post3.

.... when asking questions, please form complete sentences and mention the post number or add a link to it.

getting a link to a post.
Each post has a number in the top right corner. If you click on that number, the Web address will update and the page will reload with that post at the top. This updated link can be used to take you right to that post