Donchian Trend Ribbon For ThinkOrSwim

halcyonguy

halcyonguy

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Donchian Trend Ribbon

someone asked for this to be converted from tradingview.

the source tradingview code was someone elses' attempt to create the ribbon in tradingview, so i am unsure if it correct.
https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
i converted his code to thinkscript.

each row uses a different length to determine an up or down trend.
this is compared to a trend using the length , dlen ( default 20).

instead of using clouds for shading, i decided to go a simple way and use PaintingStrategy.SQUARES.
i set the size to 4 and it seems to look good. (on a scale of 1 to 5)

i defined the 5 colors, so they can be changed in 1 place not 10.
can change the row spacing and square size.


Ruby: 
# donchian_trend_ribbon_0c
# convert - donchian trend ribbon
# halcyonguy
# 22-04-07

# https://usethinkscript.com/threads/convert-tradingview-donchian-trend-ribbon.10822/
# Convert Tradingview Donchian Trend Ribbon
# chewie76  4/4
# Can someone convert the Donchian Trend Ribbon into TOS?
# --------------------------------
# https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
#I think you all know Donchian Channels . so I am not going to write about it.
#https://www.tradingview.com/scripts/donchianchannels/
#With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels .

# How it works ?
# - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
# - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
# - and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
# - it changes the trend color of the ribbon.
# -----------------------------

declare lower;

input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;

script dchannel {
  input len = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
  plot z = trend;
}

script dchannelalt {
  input len = 0;
  input maintrend = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
    
 def maincolor =
  if maintrend == 1 then if trend == 1 then 2 else 1
  else if maintrend == -1 then if trend == -1 then -2 else -1
  else 0;

  plot color = maincolor;
#  plot tr = trend;
}

def maintrend = dchannel(dlen);

#   colors    
# 2 - up trend - green
# 1 - up trend - dark green
# 0 no trend
# -1 - down trend - dark red
# -2 - down trend - red

DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.dark_red);
DefineGlobalColor("dwn2", color.red);
# GlobalColor("up1")
#----------------------------------------

input rowstart = 0;
input rowskip = 5;
input square_size = 4;

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
def c01 = dchannelalt(dlen - 0, maintrend);
plot row01 = if isnan(close) then double.nan else (rowstart + ( 1 * rowskip));
row01.SetPaintingStrategy(PaintingStrategy.SQUARES);
row01.setlineweight(square_size);
row01.hidebubble();
row01.AssignValueColor(
if c01 == 2 then GlobalColor("up2")
else if c01 == 1 then GlobalColor("up1")
else if c01 == -1 then GlobalColor("dwn1")
else if c01 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c02 = dchannelalt(dlen - 1, maintrend);
plot row02 = if isnan(close) then double.nan else (rowstart + ( 2 * rowskip));
row02.SetPaintingStrategy(PaintingStrategy.SQUARES);
row02.setlineweight(square_size);
row02.hidebubble();
row02.AssignValueColor(
if c02 == 2 then GlobalColor("up2")
else if c02 == 1 then GlobalColor("up1")
else if c02 == -1 then GlobalColor("dwn1")
else if c02 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c03 = dchannelalt(dlen - 2, maintrend);
plot row03 = if isnan(close) then double.nan else (rowstart + ( 3 * rowskip));
row03.SetPaintingStrategy(PaintingStrategy.SQUARES);
row03.setlineweight(square_size);
row03.hidebubble();
row03.AssignValueColor(
if c03 == 2 then GlobalColor("up2")
else if c03 == 1 then GlobalColor("up1")
else if c03 == -1 then GlobalColor("dwn1")
else if c03 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c04 = dchannelalt(dlen - 3, maintrend);
plot row04 = if isnan(close) then double.nan else (rowstart + ( 4 * rowskip));
row04.SetPaintingStrategy(PaintingStrategy.SQUARES);
row04.setlineweight(square_size);
row04.hidebubble();
row04.AssignValueColor(
if c04 == 2 then GlobalColor("up2")
else if c04 == 1 then GlobalColor("up1")
else if c04 == -1 then GlobalColor("dwn1")
else if c04 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c05 = dchannelalt(dlen - 4, maintrend);
plot row05 = if isnan(close) then double.nan else (rowstart + ( 5 * rowskip));
row05.SetPaintingStrategy(PaintingStrategy.SQUARES);
row05.setlineweight(square_size);
row05.hidebubble();
row05.AssignValueColor(
if c05 == 2 then GlobalColor("up2")
else if c05 == 1 then GlobalColor("up1")
else if c05 == -1 then GlobalColor("dwn1")
else if c05 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c06 = dchannelalt(dlen - 5, maintrend);
plot row06 = if isnan(close) then double.nan else (rowstart + ( 6 * rowskip));
row06.SetPaintingStrategy(PaintingStrategy.SQUARES);
row06.setlineweight(square_size);
row06.hidebubble();
row06.AssignValueColor(
if c06 == 2 then GlobalColor("up2")
else if c06 == 1 then GlobalColor("up1")
else if c06 == -1 then GlobalColor("dwn1")
else if c06 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c07 = dchannelalt(dlen - 6, maintrend);
plot row07 = if isnan(close) then double.nan else (rowstart + ( 7 * rowskip));
row07.SetPaintingStrategy(PaintingStrategy.SQUARES);
row07.setlineweight(square_size);
row07.hidebubble();
row07.AssignValueColor(
if c07 == 2 then GlobalColor("up2")
else if c07 == 1 then GlobalColor("up1")
else if c07 == -1 then GlobalColor("dwn1")
else if c07 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c08 = dchannelalt(dlen - 7, maintrend);
plot row08 = if isnan(close) then double.nan else (rowstart + ( 8 * rowskip));
row08.SetPaintingStrategy(PaintingStrategy.SQUARES);
row08.setlineweight(square_size);
row08.hidebubble();
row08.AssignValueColor(
if c08 == 2 then GlobalColor("up2")
else if c08 == 1 then GlobalColor("up1")
else if c08 == -1 then GlobalColor("dwn1")
else if c08 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c09 = dchannelalt(dlen - 8, maintrend);
plot row09 = if isnan(close) then double.nan else (rowstart + ( 9 * rowskip));
row09.SetPaintingStrategy(PaintingStrategy.SQUARES);
row09.setlineweight(square_size);
row09.hidebubble();
row09.AssignValueColor(
if c09 == 2 then GlobalColor("up2")
else if c09 == 1 then GlobalColor("up1")
else if c09 == -1 then GlobalColor("dwn1")
else if c09 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c10 = dchannelalt(dlen - 9, maintrend);
plot row10 = if isnan(close) then double.nan else (rowstart + ( 10 * rowskip));
row10.SetPaintingStrategy(PaintingStrategy.SQUARES);
row10.setlineweight(square_size);
row10.hidebubble();
row10.AssignValueColor(
if c10 == 2 then GlobalColor("up2")
else if c10 == 1 then GlobalColor("up1")
else if c10 == -1 then GlobalColor("dwn1")
else if c10 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

# -----------------------------
# pine code
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © LonesomeTheBlue

#//@version=4
#study("Donchian Trend Ribbon", precision = 0)
#dlen = input(defval = 20, title = "Donchian Channel Period", minval = 10)

#dchannel(len)=>
#    float hh = highest(len)
#    float ll = lowest(len)
    
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])
    
#dchannelalt(len, maintrend)=>
#    float hh = highest(len)
#    float ll = lowest(len)
    
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])

# last 2 digits are opacity of the color. if a trend, then dark,  else pale color ( i think)
#    maintrend == 1  ? trend == 1  ? #00FF00ff :  #00FF009f :
#     maintrend == -1 ? trend == -1 ? #FF0000ff :  #FF00009f :
#     na

#maintrend = dchannel(dlen)

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
#plot(10, color = dchannelalt(dlen - 1, maintrend), style = plot.style_columns, histbase= 5)
#plot(15, color = dchannelalt(dlen - 2, maintrend), style = plot.style_columns, histbase=10)
#plot(20, color = dchannelalt(dlen - 3, maintrend), style = plot.style_columns, histbase=15)
#plot(25, color = dchannelalt(dlen - 4, maintrend), style = plot.style_columns, histbase=20)
#plot(30, color = dchannelalt(dlen - 5, maintrend), style = plot.style_columns, histbase=25)
#plot(35, color = dchannelalt(dlen - 6, maintrend), style = plot.style_columns, histbase=30)
#plot(40, color = dchannelalt(dlen - 7, maintrend), style = plot.style_columns, histbase=35)
#plot(45, color = dchannelalt(dlen - 8, maintrend), style = plot.style_columns, histbase=40)
#plot(50, color = dchannelalt(dlen - 9, maintrend), style = plot.style_columns, histbase=45)
#


TTWO 15min
10 rows,
.top row has the shortest length(len - 9)
.bottom row has longest length(len)
p1P7YOc.jpg
 
halcyonguy said:
Donchian Trend Ribbon

someone asked for this to be converted from tradingview.

the source tradingview code was someone elses' attempt to create the ribbon in tradingview, so i am unsure if it correct.
https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
i converted his code to thinkscript.

each row uses a different length to determine an up or down trend.
this is compared to a trend using the length , dlen ( default 20).

instead of using clouds for shading, i decided to go a simple way and use PaintingStrategy.SQUARES.
i set the size to 4 and it seems to look good. (on a scale of 1 to 5)

i defined the 5 colors, so they can be changed in 1 place not 10.
can change the row spacing and square size.


Ruby: 
# donchian_trend_ribbon_0c
# convert - donchian trend ribbon
# halcyonguy
# 22-04-07

# https://usethinkscript.com/threads/convert-tradingview-donchian-trend-ribbon.10822/
# Convert Tradingview Donchian Trend Ribbon
# chewie76  4/4
# Can someone convert the Donchian Trend Ribbon into TOS?
# --------------------------------
# https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
#I think you all know Donchian Channels . so I am not going to write about it.
#https://www.tradingview.com/scripts/donchianchannels/
#With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels .

# How it works ?
# - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
# - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
# - and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
# - it changes the trend color of the ribbon.
# -----------------------------

declare lower;

input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;

script dchannel {
  input len = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
  plot z = trend;
}

script dchannelalt {
  input len = 0;
  input maintrend = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
   
 def maincolor =
  if maintrend == 1 then if trend == 1 then 2 else 1
  else if maintrend == -1 then if trend == -1 then -2 else -1
  else 0;

  plot color = maincolor;
#  plot tr = trend;
}

def maintrend = dchannel(dlen);

#   colors   
# 2 - up trend - green
# 1 - up trend - dark green
# 0 no trend
# -1 - down trend - dark red
# -2 - down trend - red

DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.dark_red);
DefineGlobalColor("dwn2", color.red);
# GlobalColor("up1")
#----------------------------------------

input rowstart = 0;
input rowskip = 5;
input square_size = 4;

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
def c01 = dchannelalt(dlen - 0, maintrend);
plot row01 = if isnan(close) then double.nan else (rowstart + ( 1 * rowskip));
row01.SetPaintingStrategy(PaintingStrategy.SQUARES);
row01.setlineweight(square_size);
row01.hidebubble();
row01.AssignValueColor(
if c01 == 2 then GlobalColor("up2")
else if c01 == 1 then GlobalColor("up1")
else if c01 == -1 then GlobalColor("dwn1")
else if c01 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c02 = dchannelalt(dlen - 1, maintrend);
plot row02 = if isnan(close) then double.nan else (rowstart + ( 2 * rowskip));
row02.SetPaintingStrategy(PaintingStrategy.SQUARES);
row02.setlineweight(square_size);
row02.hidebubble();
row02.AssignValueColor(
if c02 == 2 then GlobalColor("up2")
else if c02 == 1 then GlobalColor("up1")
else if c02 == -1 then GlobalColor("dwn1")
else if c02 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c03 = dchannelalt(dlen - 2, maintrend);
plot row03 = if isnan(close) then double.nan else (rowstart + ( 3 * rowskip));
row03.SetPaintingStrategy(PaintingStrategy.SQUARES);
row03.setlineweight(square_size);
row03.hidebubble();
row03.AssignValueColor(
if c03 == 2 then GlobalColor("up2")
else if c03 == 1 then GlobalColor("up1")
else if c03 == -1 then GlobalColor("dwn1")
else if c03 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c04 = dchannelalt(dlen - 3, maintrend);
plot row04 = if isnan(close) then double.nan else (rowstart + ( 4 * rowskip));
row04.SetPaintingStrategy(PaintingStrategy.SQUARES);
row04.setlineweight(square_size);
row04.hidebubble();
row04.AssignValueColor(
if c04 == 2 then GlobalColor("up2")
else if c04 == 1 then GlobalColor("up1")
else if c04 == -1 then GlobalColor("dwn1")
else if c04 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c05 = dchannelalt(dlen - 4, maintrend);
plot row05 = if isnan(close) then double.nan else (rowstart + ( 5 * rowskip));
row05.SetPaintingStrategy(PaintingStrategy.SQUARES);
row05.setlineweight(square_size);
row05.hidebubble();
row05.AssignValueColor(
if c05 == 2 then GlobalColor("up2")
else if c05 == 1 then GlobalColor("up1")
else if c05 == -1 then GlobalColor("dwn1")
else if c05 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c06 = dchannelalt(dlen - 5, maintrend);
plot row06 = if isnan(close) then double.nan else (rowstart + ( 6 * rowskip));
row06.SetPaintingStrategy(PaintingStrategy.SQUARES);
row06.setlineweight(square_size);
row06.hidebubble();
row06.AssignValueColor(
if c06 == 2 then GlobalColor("up2")
else if c06 == 1 then GlobalColor("up1")
else if c06 == -1 then GlobalColor("dwn1")
else if c06 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c07 = dchannelalt(dlen - 6, maintrend);
plot row07 = if isnan(close) then double.nan else (rowstart + ( 7 * rowskip));
row07.SetPaintingStrategy(PaintingStrategy.SQUARES);
row07.setlineweight(square_size);
row07.hidebubble();
row07.AssignValueColor(
if c07 == 2 then GlobalColor("up2")
else if c07 == 1 then GlobalColor("up1")
else if c07 == -1 then GlobalColor("dwn1")
else if c07 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c08 = dchannelalt(dlen - 7, maintrend);
plot row08 = if isnan(close) then double.nan else (rowstart + ( 8 * rowskip));
row08.SetPaintingStrategy(PaintingStrategy.SQUARES);
row08.setlineweight(square_size);
row08.hidebubble();
row08.AssignValueColor(
if c08 == 2 then GlobalColor("up2")
else if c08 == 1 then GlobalColor("up1")
else if c08 == -1 then GlobalColor("dwn1")
else if c08 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c09 = dchannelalt(dlen - 8, maintrend);
plot row09 = if isnan(close) then double.nan else (rowstart + ( 9 * rowskip));
row09.SetPaintingStrategy(PaintingStrategy.SQUARES);
row09.setlineweight(square_size);
row09.hidebubble();
row09.AssignValueColor(
if c09 == 2 then GlobalColor("up2")
else if c09 == 1 then GlobalColor("up1")
else if c09 == -1 then GlobalColor("dwn1")
else if c09 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

def c10 = dchannelalt(dlen - 9, maintrend);
plot row10 = if isnan(close) then double.nan else (rowstart + ( 10 * rowskip));
row10.SetPaintingStrategy(PaintingStrategy.SQUARES);
row10.setlineweight(square_size);
row10.hidebubble();
row10.AssignValueColor(
if c10 == 2 then GlobalColor("up2")
else if c10 == 1 then GlobalColor("up1")
else if c10 == -1 then GlobalColor("dwn1")
else if c10 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));

# -----------------------------
# pine code
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © LonesomeTheBlue

#//@version=4
#study("Donchian Trend Ribbon", precision = 0)
#dlen = input(defval = 20, title = "Donchian Channel Period", minval = 10)

#dchannel(len)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])
   
#dchannelalt(len, maintrend)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])

# last 2 digits are opacity of the color. if a trend, then dark,  else pale color ( i think)
#    maintrend == 1  ? trend == 1  ? #00FF00ff :  #00FF009f :
#     maintrend == -1 ? trend == -1 ? #FF0000ff :  #FF00009f :
#     na

#maintrend = dchannel(dlen)

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
#plot(10, color = dchannelalt(dlen - 1, maintrend), style = plot.style_columns, histbase= 5)
#plot(15, color = dchannelalt(dlen - 2, maintrend), style = plot.style_columns, histbase=10)
#plot(20, color = dchannelalt(dlen - 3, maintrend), style = plot.style_columns, histbase=15)
#plot(25, color = dchannelalt(dlen - 4, maintrend), style = plot.style_columns, histbase=20)
#plot(30, color = dchannelalt(dlen - 5, maintrend), style = plot.style_columns, histbase=25)
#plot(35, color = dchannelalt(dlen - 6, maintrend), style = plot.style_columns, histbase=30)
#plot(40, color = dchannelalt(dlen - 7, maintrend), style = plot.style_columns, histbase=35)
#plot(45, color = dchannelalt(dlen - 8, maintrend), style = plot.style_columns, histbase=40)
#plot(50, color = dchannelalt(dlen - 9, maintrend), style = plot.style_columns, histbase=45)
#


TTWO 15min
10 rows,
.top row has the shortest length(len - 9)
.bottom row has longest length(len)
p1P7YOc.jpg
Click to expand...
Love it! Goes great with my other strategy.
 
here is a second version

the 10 rows can be turned on/off.
create an overall trend number, by adding up all 10 color numbers, colorsum.
added a histogram chart, based on colorsum.
histogram can be turned on/off.


Ruby: 
# donchian_trend_ribbon_0d

# convert - donchian trend ribbon
# halcyonguy
# 22-04-07

# add histogram of sum of color numbers

# https://usethinkscript.com/threads/convert-tradingview-donchian-trend-ribbon.10822/
# Convert Tradingview Donchian Trend Ribbon
# chewie76  4/4
# Can someone convert the Donchian Trend Ribbon into TOS?
# --------------------------------
# https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
#I think you all know Donchian Channels . so I am not going to write about it.
#https://www.tradingview.com/scripts/donchianchannels/
#With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels .

# How it works ?
# - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
# - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
# - and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
# - it changes the trend color of the ribbon.
# -----------------------------

declare lower;

input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;
input show_data_rows = yes;
input show_sum_histo = yes;
def na = double.nan;


script dchannel {
  input len = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
  plot z = trend;
}

script dchannelalt {
  input len = 0;
  input maintrend = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
    
 def maincolor =
  if maintrend == 1 then if trend == 1 then 2 else 1
  else if maintrend == -1 then if trend == -1 then -2 else -1
  else 0;

  plot color = maincolor;
#  plot tr = trend;
}

def maintrend = dchannel(dlen);

#   colors    
# 2 - up trend - green
# 1 - up trend - dark green
# 0 no trend
# -1 - down trend - dark red
# -2 - down trend - red

DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.dark_red);
DefineGlobalColor("dwn2", color.red);
# GlobalColor("up1")
#----------------------------------------

input bottom_row = 0;
def rowstart = if bottom_row <> 0 then bottom_row
  else if ( show_data_rows and show_sum_histo ) then 25
  else 0;

input rowskip = 5;
input square_size = 4;

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
def c01 = dchannelalt(dlen - 0, maintrend);
plot row01 = if isnan(close) then double.nan else (rowstart + ( 1 * rowskip));
row01.SetPaintingStrategy(PaintingStrategy.SQUARES);
row01.setlineweight(square_size);
row01.hidebubble();
row01.AssignValueColor(
if c01 == 2 then GlobalColor("up2")
else if c01 == 1 then GlobalColor("up1")
else if c01 == -1 then GlobalColor("dwn1")
else if c01 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row01.SetHiding(!show_data_rows);

def c02 = dchannelalt(dlen - 1, maintrend);
plot row02 = if isnan(close) then double.nan else (rowstart + ( 2 * rowskip));
row02.SetPaintingStrategy(PaintingStrategy.SQUARES);
row02.setlineweight(square_size);
row02.hidebubble();
row02.AssignValueColor(
if c02 == 2 then GlobalColor("up2")
else if c02 == 1 then GlobalColor("up1")
else if c02 == -1 then GlobalColor("dwn1")
else if c02 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row02.SetHiding(!show_data_rows);

def c03 = dchannelalt(dlen - 2, maintrend);
plot row03 = if isnan(close) then double.nan else (rowstart + ( 3 * rowskip));
row03.SetPaintingStrategy(PaintingStrategy.SQUARES);
row03.setlineweight(square_size);
row03.hidebubble();
row03.AssignValueColor(
if c03 == 2 then GlobalColor("up2")
else if c03 == 1 then GlobalColor("up1")
else if c03 == -1 then GlobalColor("dwn1")
else if c03 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row03.SetHiding(!show_data_rows);

def c04 = dchannelalt(dlen - 3, maintrend);
plot row04 = if isnan(close) then double.nan else (rowstart + ( 4 * rowskip));
row04.SetPaintingStrategy(PaintingStrategy.SQUARES);
row04.setlineweight(square_size);
row04.hidebubble();
row04.AssignValueColor(
if c04 == 2 then GlobalColor("up2")
else if c04 == 1 then GlobalColor("up1")
else if c04 == -1 then GlobalColor("dwn1")
else if c04 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row04.SetHiding(!show_data_rows);

def c05 = dchannelalt(dlen - 4, maintrend);
plot row05 = if isnan(close) then double.nan else (rowstart + ( 5 * rowskip));
row05.SetPaintingStrategy(PaintingStrategy.SQUARES);
row05.setlineweight(square_size);
row05.hidebubble();
row05.AssignValueColor(
if c05 == 2 then GlobalColor("up2")
else if c05 == 1 then GlobalColor("up1")
else if c05 == -1 then GlobalColor("dwn1")
else if c05 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row05.SetHiding(!show_data_rows);

def c06 = dchannelalt(dlen - 5, maintrend);
plot row06 = if isnan(close) then double.nan else (rowstart + ( 6 * rowskip));
row06.SetPaintingStrategy(PaintingStrategy.SQUARES);
row06.setlineweight(square_size);
row06.hidebubble();
row06.AssignValueColor(
if c06 == 2 then GlobalColor("up2")
else if c06 == 1 then GlobalColor("up1")
else if c06 == -1 then GlobalColor("dwn1")
else if c06 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row06.SetHiding(!show_data_rows);

def c07 = dchannelalt(dlen - 6, maintrend);
plot row07 = if isnan(close) then double.nan else (rowstart + ( 7 * rowskip));
row07.SetPaintingStrategy(PaintingStrategy.SQUARES);
row07.setlineweight(square_size);
row07.hidebubble();
row07.AssignValueColor(
if c07 == 2 then GlobalColor("up2")
else if c07 == 1 then GlobalColor("up1")
else if c07 == -1 then GlobalColor("dwn1")
else if c07 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row07.SetHiding(!show_data_rows);

def c08 = dchannelalt(dlen - 7, maintrend);
plot row08 = if isnan(close) then double.nan else (rowstart + ( 8 * rowskip));
row08.SetPaintingStrategy(PaintingStrategy.SQUARES);
row08.setlineweight(square_size);
row08.hidebubble();
row08.AssignValueColor(
if c08 == 2 then GlobalColor("up2")
else if c08 == 1 then GlobalColor("up1")
else if c08 == -1 then GlobalColor("dwn1")
else if c08 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row08.SetHiding(!show_data_rows);

def c09 = dchannelalt(dlen - 8, maintrend);
plot row09 = if isnan(close) then double.nan else (rowstart + ( 9 * rowskip));
row09.SetPaintingStrategy(PaintingStrategy.SQUARES);
row09.setlineweight(square_size);
row09.hidebubble();
row09.AssignValueColor(
if c09 == 2 then GlobalColor("up2")
else if c09 == 1 then GlobalColor("up1")
else if c09 == -1 then GlobalColor("dwn1")
else if c09 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row09.SetHiding(!show_data_rows);

def c10 = dchannelalt(dlen - 9, maintrend);
plot row10 = if isnan(close) then double.nan else (rowstart + ( 10 * rowskip));
row10.SetPaintingStrategy(PaintingStrategy.SQUARES);
row10.setlineweight(square_size);
row10.hidebubble();
row10.AssignValueColor(
if c10 == 2 then GlobalColor("up2")
else if c10 == 1 then GlobalColor("up1")
else if c10 == -1 then GlobalColor("dwn1")
else if c10 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row10.SetHiding(!show_data_rows);

# -----------------------------

# add up color numbers, to come up with a 'trend' number , 20 to -20
def colorsum = ( c01 + c02 + c03 + c04 + c05 + c06 + c07 + c08 + c09 + c10 ); 

# plot a histogram of colorsum.
# it uses absvalue( ), so it is positive numbers, 0 to 20
#input vert1 = 0;  + vert1
plot zc = if show_sum_histo then (absvalue(colorsum)) else na;
zc.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
zc.AssignValueColor( if colorsum == (2*10) then color.green
else if colorsum > 0 then color.cyan
else if colorsum == (-2*10) then color.red
 else if colorsum < 0 then color.yellow
 else color.gray);
zc.SetHiding(!show_sum_histo);

# -----------------------------

# pine code

#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © LonesomeTheBlue

#//@version=4
#study("Donchian Trend Ribbon", precision = 0)
#dlen = input(defval = 20, title = "Donchian Channel Period", minval = 10)

#dchannel(len)=>
#    float hh = highest(len)
#    float ll = lowest(len)
    
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])
    
#dchannelalt(len, maintrend)=>
#    float hh = highest(len)
#    float ll = lowest(len)
    
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])

# last 2 digits are opacity of the color. if a trend, then dark,  else pale color ( i think)
#    maintrend == 1  ? trend == 1  ? #00FF00ff :  #00FF009f :
#     maintrend == -1 ? trend == -1 ? #FF0000ff :  #FF00009f :
#     na

#maintrend = dchannel(dlen)

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
#plot(10, color = dchannelalt(dlen - 1, maintrend), style = plot.style_columns, histbase= 5)
#plot(15, color = dchannelalt(dlen - 2, maintrend), style = plot.style_columns, histbase=10)
#plot(20, color = dchannelalt(dlen - 3, maintrend), style = plot.style_columns, histbase=15)
#plot(25, color = dchannelalt(dlen - 4, maintrend), style = plot.style_columns, histbase=20)
#plot(30, color = dchannelalt(dlen - 5, maintrend), style = plot.style_columns, histbase=25)
#plot(35, color = dchannelalt(dlen - 6, maintrend), style = plot.style_columns, histbase=30)
#plot(40, color = dchannelalt(dlen - 7, maintrend), style = plot.style_columns, histbase=35)
#plot(45, color = dchannelalt(dlen - 8, maintrend), style = plot.style_columns, histbase=40)
#plot(50, color = dchannelalt(dlen - 9, maintrend), style = plot.style_columns, histbase=45)
#

Yg0vNO7.jpg
 
halcyonguy said:
here is a second version

the 10 rows can be turned on/off.
create an overall trend number, by adding up all 10 color numbers, colorsum.
added a histogram chart, based on colorsum.
histogram can be turned on/off.


Ruby: 
# donchian_trend_ribbon_0d

# convert - donchian trend ribbon
# halcyonguy
# 22-04-07

# add histogram of sum of color numbers

# https://usethinkscript.com/threads/convert-tradingview-donchian-trend-ribbon.10822/
# Convert Tradingview Donchian Trend Ribbon
# chewie76  4/4
# Can someone convert the Donchian Trend Ribbon into TOS?
# --------------------------------
# https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
#I think you all know Donchian Channels . so I am not going to write about it.
#https://www.tradingview.com/scripts/donchianchannels/
#With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels .

# How it works ?
# - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
# - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
# - and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
# - it changes the trend color of the ribbon.
# -----------------------------

declare lower;

input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;
input show_data_rows = yes;
input show_sum_histo = yes;
def na = double.nan;


script dchannel {
  input len = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
  plot z = trend;
}

script dchannelalt {
  input len = 0;
  input maintrend = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
   
 def maincolor =
  if maintrend == 1 then if trend == 1 then 2 else 1
  else if maintrend == -1 then if trend == -1 then -2 else -1
  else 0;

  plot color = maincolor;
#  plot tr = trend;
}

def maintrend = dchannel(dlen);

#   colors   
# 2 - up trend - green
# 1 - up trend - dark green
# 0 no trend
# -1 - down trend - dark red
# -2 - down trend - red

DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.dark_red);
DefineGlobalColor("dwn2", color.red);
# GlobalColor("up1")
#----------------------------------------

input bottom_row = 0;
def rowstart = if bottom_row <> 0 then bottom_row
  else if ( show_data_rows and show_sum_histo ) then 25
  else 0;

input rowskip = 5;
input square_size = 4;

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
def c01 = dchannelalt(dlen - 0, maintrend);
plot row01 = if isnan(close) then double.nan else (rowstart + ( 1 * rowskip));
row01.SetPaintingStrategy(PaintingStrategy.SQUARES);
row01.setlineweight(square_size);
row01.hidebubble();
row01.AssignValueColor(
if c01 == 2 then GlobalColor("up2")
else if c01 == 1 then GlobalColor("up1")
else if c01 == -1 then GlobalColor("dwn1")
else if c01 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row01.SetHiding(!show_data_rows);

def c02 = dchannelalt(dlen - 1, maintrend);
plot row02 = if isnan(close) then double.nan else (rowstart + ( 2 * rowskip));
row02.SetPaintingStrategy(PaintingStrategy.SQUARES);
row02.setlineweight(square_size);
row02.hidebubble();
row02.AssignValueColor(
if c02 == 2 then GlobalColor("up2")
else if c02 == 1 then GlobalColor("up1")
else if c02 == -1 then GlobalColor("dwn1")
else if c02 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row02.SetHiding(!show_data_rows);

def c03 = dchannelalt(dlen - 2, maintrend);
plot row03 = if isnan(close) then double.nan else (rowstart + ( 3 * rowskip));
row03.SetPaintingStrategy(PaintingStrategy.SQUARES);
row03.setlineweight(square_size);
row03.hidebubble();
row03.AssignValueColor(
if c03 == 2 then GlobalColor("up2")
else if c03 == 1 then GlobalColor("up1")
else if c03 == -1 then GlobalColor("dwn1")
else if c03 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row03.SetHiding(!show_data_rows);

def c04 = dchannelalt(dlen - 3, maintrend);
plot row04 = if isnan(close) then double.nan else (rowstart + ( 4 * rowskip));
row04.SetPaintingStrategy(PaintingStrategy.SQUARES);
row04.setlineweight(square_size);
row04.hidebubble();
row04.AssignValueColor(
if c04 == 2 then GlobalColor("up2")
else if c04 == 1 then GlobalColor("up1")
else if c04 == -1 then GlobalColor("dwn1")
else if c04 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row04.SetHiding(!show_data_rows);

def c05 = dchannelalt(dlen - 4, maintrend);
plot row05 = if isnan(close) then double.nan else (rowstart + ( 5 * rowskip));
row05.SetPaintingStrategy(PaintingStrategy.SQUARES);
row05.setlineweight(square_size);
row05.hidebubble();
row05.AssignValueColor(
if c05 == 2 then GlobalColor("up2")
else if c05 == 1 then GlobalColor("up1")
else if c05 == -1 then GlobalColor("dwn1")
else if c05 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row05.SetHiding(!show_data_rows);

def c06 = dchannelalt(dlen - 5, maintrend);
plot row06 = if isnan(close) then double.nan else (rowstart + ( 6 * rowskip));
row06.SetPaintingStrategy(PaintingStrategy.SQUARES);
row06.setlineweight(square_size);
row06.hidebubble();
row06.AssignValueColor(
if c06 == 2 then GlobalColor("up2")
else if c06 == 1 then GlobalColor("up1")
else if c06 == -1 then GlobalColor("dwn1")
else if c06 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row06.SetHiding(!show_data_rows);

def c07 = dchannelalt(dlen - 6, maintrend);
plot row07 = if isnan(close) then double.nan else (rowstart + ( 7 * rowskip));
row07.SetPaintingStrategy(PaintingStrategy.SQUARES);
row07.setlineweight(square_size);
row07.hidebubble();
row07.AssignValueColor(
if c07 == 2 then GlobalColor("up2")
else if c07 == 1 then GlobalColor("up1")
else if c07 == -1 then GlobalColor("dwn1")
else if c07 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row07.SetHiding(!show_data_rows);

def c08 = dchannelalt(dlen - 7, maintrend);
plot row08 = if isnan(close) then double.nan else (rowstart + ( 8 * rowskip));
row08.SetPaintingStrategy(PaintingStrategy.SQUARES);
row08.setlineweight(square_size);
row08.hidebubble();
row08.AssignValueColor(
if c08 == 2 then GlobalColor("up2")
else if c08 == 1 then GlobalColor("up1")
else if c08 == -1 then GlobalColor("dwn1")
else if c08 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row08.SetHiding(!show_data_rows);

def c09 = dchannelalt(dlen - 8, maintrend);
plot row09 = if isnan(close) then double.nan else (rowstart + ( 9 * rowskip));
row09.SetPaintingStrategy(PaintingStrategy.SQUARES);
row09.setlineweight(square_size);
row09.hidebubble();
row09.AssignValueColor(
if c09 == 2 then GlobalColor("up2")
else if c09 == 1 then GlobalColor("up1")
else if c09 == -1 then GlobalColor("dwn1")
else if c09 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row09.SetHiding(!show_data_rows);

def c10 = dchannelalt(dlen - 9, maintrend);
plot row10 = if isnan(close) then double.nan else (rowstart + ( 10 * rowskip));
row10.SetPaintingStrategy(PaintingStrategy.SQUARES);
row10.setlineweight(square_size);
row10.hidebubble();
row10.AssignValueColor(
if c10 == 2 then GlobalColor("up2")
else if c10 == 1 then GlobalColor("up1")
else if c10 == -1 then GlobalColor("dwn1")
else if c10 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row10.SetHiding(!show_data_rows);

# -----------------------------

# add up color numbers, to come up with a 'trend' number , 20 to -20
def colorsum = ( c01 + c02 + c03 + c04 + c05 + c06 + c07 + c08 + c09 + c10 );

# plot a histogram of colorsum.
# it uses absvalue( ), so it is positive numbers, 0 to 20
#input vert1 = 0;  + vert1
plot zc = if show_sum_histo then (absvalue(colorsum)) else na;
zc.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
zc.AssignValueColor( if colorsum == (2*10) then color.green
else if colorsum > 0 then color.cyan
else if colorsum == (-2*10) then color.red
 else if colorsum < 0 then color.yellow
 else color.gray);
zc.SetHiding(!show_sum_histo);

# -----------------------------

# pine code

#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © LonesomeTheBlue

#//@version=4
#study("Donchian Trend Ribbon", precision = 0)
#dlen = input(defval = 20, title = "Donchian Channel Period", minval = 10)

#dchannel(len)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])
   
#dchannelalt(len, maintrend)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])

# last 2 digits are opacity of the color. if a trend, then dark,  else pale color ( i think)
#    maintrend == 1  ? trend == 1  ? #00FF00ff :  #00FF009f :
#     maintrend == -1 ? trend == -1 ? #FF0000ff :  #FF00009f :
#     na

#maintrend = dchannel(dlen)

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
#plot(10, color = dchannelalt(dlen - 1, maintrend), style = plot.style_columns, histbase= 5)
#plot(15, color = dchannelalt(dlen - 2, maintrend), style = plot.style_columns, histbase=10)
#plot(20, color = dchannelalt(dlen - 3, maintrend), style = plot.style_columns, histbase=15)
#plot(25, color = dchannelalt(dlen - 4, maintrend), style = plot.style_columns, histbase=20)
#plot(30, color = dchannelalt(dlen - 5, maintrend), style = plot.style_columns, histbase=25)
#plot(35, color = dchannelalt(dlen - 6, maintrend), style = plot.style_columns, histbase=30)
#plot(40, color = dchannelalt(dlen - 7, maintrend), style = plot.style_columns, histbase=35)
#plot(45, color = dchannelalt(dlen - 8, maintrend), style = plot.style_columns, histbase=40)
#plot(50, color = dchannelalt(dlen - 9, maintrend), style = plot.style_columns, histbase=45)
#

Yg0vNO7.jpg
Click to expand...
Looks good! Thanks!
 
chewie76 said:
Looks good! Thanks!
Click to expand...
The colors should be
Code: 
DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.red);
DefineGlobalColor("dwn2", color.Dark_red);

Lighter colors going up, Darker colors going down. Just my opinion.
 
EDIT - 4/8 3pm
added code near top to draw a line at 0.
without this, the histogram doesn't show the full height. only from the top down to the lowest value.

------------------------------------

3rd version
can change the secondary colors, from dark shades to yellow. yellow is default.


Ruby: 
# donchian_trend_ribbon_0e

# convert - donchian trend ribbon
# halcyonguy
# 22-04-07

# 00e
# can chg secondary colors ( 1 , -1) to yellow or diff shades

# 00d
# add histogram , sum of color numbers

# https://usethinkscript.com/threads/convert-tradingview-donchian-trend-ribbon.10822/
# Convert Tradingview Donchian Trend Ribbon
# chewie76  4/4
# Can someone convert the Donchian Trend Ribbon into TOS?
# --------------------------------
# https://www.tradingview.com/script/PxLqmP8o-Donchian-Trend-Ribbon/
#I think you all know Donchian Channels . so I am not going to write about it.
#https://www.tradingview.com/scripts/donchianchannels/
#With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels .

# How it works ?
# - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
# - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
# - and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
# - it changes the trend color of the ribbon.
# -----------------------------

declare lower;

input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;
input show_data_rows = yes;
input show_sum_histo = yes;
def na = double.nan;

input secondary_colors = { default yellow , green_red };
input show_full_height_of_histogram = yes;
plot z = if show_full_height_of_histogram and !isnan(close) then 0 else na;
z.setdefaultcolor(color.dark_gray);

script dchannel {
  input len = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
  plot z = trend;
}

script dchannelalt {
  input len = 0;
  input maintrend = 0;
  def hh = highest(high, len);
  def ll = lowest(low, len);
  def trend = if barnumber() == 1 then 0 else if close > hh[1] then 1 else if close < ll[1] then -1 else trend[1];
   
 def maincolor =
  if maintrend == 1 then if trend == 1 then 2 else 1
  else if maintrend == -1 then if trend == -1 then -2 else -1
  else 0;

  plot color = maincolor;
#  plot tr = trend;
}

def maintrend = dchannel(dlen);

# ---------------------------------

# input secondary_colors = { default yellow , green_red };
def seccolor;
switch (secondary_colors) {
case yellow:
  seccolor = 1;
case green_red:
  seccolor = 2;
}

#   colors   
# 2 - up trend - green
# 1 - up trend - dark green
# 0 no trend
# -1 - down trend - dark red
# -2 - down trend - red

DefineGlobalColor("up2", color.green);
DefineGlobalColor("up1", color.dark_green);
DefineGlobalColor("none", color.dark_gray);
DefineGlobalColor("dwn1", color.dark_red);
DefineGlobalColor("dwn2", color.red);
# GlobalColor("up1")
DefineGlobalColor("alt1", color.yellow);
# GlobalColor("alt1")
#----------------------------------------

input bottom_row = 0;
def rowstart = if bottom_row <> 0 then bottom_row
  else if ( show_data_rows and show_sum_histo ) then 25
  else 0;

input rowskip = 5;
input square_size = 4;

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
def c01 = dchannelalt(dlen - 0, maintrend);
plot row01 = if isnan(close) then double.nan else (rowstart + ( 1 * rowskip));
row01.SetPaintingStrategy(PaintingStrategy.SQUARES);
row01.setlineweight(square_size);
row01.hidebubble();
row01.AssignValueColor(
if c01 == 2 then GlobalColor("up2")
# up1, dwn1 , if seccolor = 1 then GlobalColor("alt1") else if  seccolor = 2 then ....
else if c01 == 1 and seccolor == 1 then GlobalColor("alt1") else if c01 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c01 == -1 and seccolor == 1 then GlobalColor("alt1") else if c01 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c01 == -1 then GlobalColor("dwn1")
else if c01 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row01.SetHiding(!show_data_rows);

def c02 = dchannelalt(dlen - 1, maintrend);
plot row02 = if isnan(close) then double.nan else (rowstart + ( 2 * rowskip));
row02.SetPaintingStrategy(PaintingStrategy.SQUARES);
row02.setlineweight(square_size);
row02.hidebubble();
row02.AssignValueColor(
if c02 == 2 then GlobalColor("up2")
#else if c02 == 1 then GlobalColor("up1")
else if c02 == 1 and seccolor == 1 then GlobalColor("alt1") else if c02 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c02 == -1 and seccolor == 1 then GlobalColor("alt1") else if c02 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c02 == -1 then GlobalColor("dwn1")
else if c02 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row02.SetHiding(!show_data_rows);

def c03 = dchannelalt(dlen - 2, maintrend);
plot row03 = if isnan(close) then double.nan else (rowstart + ( 3 * rowskip));
row03.SetPaintingStrategy(PaintingStrategy.SQUARES);
row03.setlineweight(square_size);
row03.hidebubble();
row03.AssignValueColor(
if c03 == 2 then GlobalColor("up2")
#else if c03 == 1 then GlobalColor("up1")
else if c03 == 1 and seccolor == 1 then GlobalColor("alt1") else if c03 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c03 == -1 and seccolor == 1 then GlobalColor("alt1") else if c03 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c03 == -1 then GlobalColor("dwn1")
else if c03 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row03.SetHiding(!show_data_rows);

def c04 = dchannelalt(dlen - 3, maintrend);
plot row04 = if isnan(close) then double.nan else (rowstart + ( 4 * rowskip));
row04.SetPaintingStrategy(PaintingStrategy.SQUARES);
row04.setlineweight(square_size);
row04.hidebubble();
row04.AssignValueColor(
if c04 == 2 then GlobalColor("up2")
#else if c04 == 1 then GlobalColor("up1")
else if c04 == 1 and seccolor == 1 then GlobalColor("alt1") else if c04 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c04 == -1 and seccolor == 1 then GlobalColor("alt1") else if c04 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c04 == -1 then GlobalColor("dwn1")
else if c04 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row04.SetHiding(!show_data_rows);

def c05 = dchannelalt(dlen - 4, maintrend);
plot row05 = if isnan(close) then double.nan else (rowstart + ( 5 * rowskip));
row05.SetPaintingStrategy(PaintingStrategy.SQUARES);
row05.setlineweight(square_size);
row05.hidebubble();
row05.AssignValueColor(
if c05 == 2 then GlobalColor("up2")
#else if c05 == 1 then GlobalColor("up1")
else if c05 == 1 and seccolor == 1 then GlobalColor("alt1") else if c05 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c05 == -1 and seccolor == 1 then GlobalColor("alt1") else if c05 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c05 == -1 then GlobalColor("dwn1")
else if c05 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row05.SetHiding(!show_data_rows);

def c06 = dchannelalt(dlen - 5, maintrend);
plot row06 = if isnan(close) then double.nan else (rowstart + ( 6 * rowskip));
row06.SetPaintingStrategy(PaintingStrategy.SQUARES);
row06.setlineweight(square_size);
row06.hidebubble();
row06.AssignValueColor(
if c06 == 2 then GlobalColor("up2")
#else if c06 == 1 then GlobalColor("up1")
else if c06 == 1 and seccolor == 1 then GlobalColor("alt1") else if c06 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c06 == -1 and seccolor == 1 then GlobalColor("alt1") else if c06 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c06 == -1 then GlobalColor("dwn1")
else if c06 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row06.SetHiding(!show_data_rows);

def c07 = dchannelalt(dlen - 6, maintrend);
plot row07 = if isnan(close) then double.nan else (rowstart + ( 7 * rowskip));
row07.SetPaintingStrategy(PaintingStrategy.SQUARES);
row07.setlineweight(square_size);
row07.hidebubble();
row07.AssignValueColor(
if c07 == 2 then GlobalColor("up2")
#else if c07 == 1 then GlobalColor("up1")
else if c07 == 1 and seccolor == 1 then GlobalColor("alt1") else if c07 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c07 == -1 and seccolor == 1 then GlobalColor("alt1") else if c07 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c07 == -1 then GlobalColor("dwn1")
else if c07 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row07.SetHiding(!show_data_rows);

def c08 = dchannelalt(dlen - 7, maintrend);
plot row08 = if isnan(close) then double.nan else (rowstart + ( 8 * rowskip));
row08.SetPaintingStrategy(PaintingStrategy.SQUARES);
row08.setlineweight(square_size);
row08.hidebubble();
row08.AssignValueColor(
if c08 == 2 then GlobalColor("up2")
#else if c08 == 1 then GlobalColor("up1")
else if c08 == 1 and seccolor == 1 then GlobalColor("alt1") else if c08 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c08 == -1 and seccolor == 1 then GlobalColor("alt1") else if c08 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c08 == -1 then GlobalColor("dwn1")
else if c08 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row08.SetHiding(!show_data_rows);

def c09 = dchannelalt(dlen - 8, maintrend);
plot row09 = if isnan(close) then double.nan else (rowstart + ( 9 * rowskip));
row09.SetPaintingStrategy(PaintingStrategy.SQUARES);
row09.setlineweight(square_size);
row09.hidebubble();
row09.AssignValueColor(
if c09 == 2 then GlobalColor("up2")
#else if c09 == 1 then GlobalColor("up1")
else if c09 == 1 and seccolor == 1 then GlobalColor("alt1") else if c09 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c09 == -1 and seccolor == 1 then GlobalColor("alt1") else if c09 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c09 == -1 then GlobalColor("dwn1")
else if c09 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row09.SetHiding(!show_data_rows);

def c10 = dchannelalt(dlen - 9, maintrend);
plot row10 = if isnan(close) then double.nan else (rowstart + ( 10 * rowskip));
row10.SetPaintingStrategy(PaintingStrategy.SQUARES);
row10.setlineweight(square_size);
row10.hidebubble();
row10.AssignValueColor(
if c10 == 2 then GlobalColor("up2")
#else if c10 == 1 then GlobalColor("up1")
else if c10 == 1 and seccolor == 1 then GlobalColor("alt1") else if c10 == 1 and seccolor == 2 then GlobalColor("up1")
#else if c01 == 1 then GlobalColor("up1")
else if c10 == -1 and seccolor == 1 then GlobalColor("alt1") else if c10 == -1 and seccolor == 2 then GlobalColor("dwn1")
#else if c10 == -1 then GlobalColor("dwn1")
else if c10 == -2 then GlobalColor("dwn2")
else GlobalColor("none"));
row10.SetHiding(!show_data_rows);

# -----------------------------

# add up color numbers, to come up with a 'trend' number , 20 to -20
def colorsum = ( c01 + c02 + c03 + c04 + c05 + c06 + c07 + c08 + c09 + c10 );

# plot a histogram of colorsum.
# it uses absvalue( ), so it is positive numbers, 0 to 20
#input vert1 = 0;  + vert1
plot zc = if show_sum_histo then (absvalue(colorsum)) else na;
zc.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
zc.AssignValueColor( if colorsum == (2*10) then color.green
#else if colorsum > 0 then color.cyan
#else if colorsum > 0 then color.yellow
else if colorsum > 0 and seccolor == 1 then GlobalColor("alt1") else if colorsum > 0 and seccolor == 2 then
GlobalColor("up1")
else if colorsum == (-2*10) then color.red
# else if colorsum < 0 then color.yellow
else if colorsum < 0 and seccolor == 1 then GlobalColor("alt1") else if colorsum < 0 and seccolor == 2 then
GlobalColor("dwn1")
 else color.gray);
zc.SetHiding(!show_sum_histo);


# -----------------------------

# pine code

#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © LonesomeTheBlue

#//@version=4
#study("Donchian Trend Ribbon", precision = 0)
#dlen = input(defval = 20, title = "Donchian Channel Period", minval = 10)

#dchannel(len)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])
   
#dchannelalt(len, maintrend)=>
#    float hh = highest(len)
#    float ll = lowest(len)
   
#    int trend = 0
#    trend := close > hh[1] ? 1 : close < ll[1] ? -1 : nz(trend[1])

# last 2 digits are opacity of the color. if a trend, then dark,  else pale color ( i think)
#    maintrend == 1  ? trend == 1  ? #00FF00ff :  #00FF009f :
#     maintrend == -1 ? trend == -1 ? #FF0000ff :  #FF00009f :
#     na

#maintrend = dchannel(dlen)

#plot( 5, color = dchannelalt(dlen - 0, maintrend), style = plot.style_columns, histbase= 0)
#plot(10, color = dchannelalt(dlen - 1, maintrend), style = plot.style_columns, histbase= 5)
#plot(15, color = dchannelalt(dlen - 2, maintrend), style = plot.style_columns, histbase=10)
#plot(20, color = dchannelalt(dlen - 3, maintrend), style = plot.style_columns, histbase=15)
#plot(25, color = dchannelalt(dlen - 4, maintrend), style = plot.style_columns, histbase=20)
#plot(30, color = dchannelalt(dlen - 5, maintrend), style = plot.style_columns, histbase=25)
#plot(35, color = dchannelalt(dlen - 6, maintrend), style = plot.style_columns, histbase=30)
#plot(40, color = dchannelalt(dlen - 7, maintrend), style = plot.style_columns, histbase=35)
#plot(45, color = dchannelalt(dlen - 8, maintrend), style = plot.style_columns, histbase=40)
#plot(50, color = dchannelalt(dlen - 9, maintrend), style = plot.style_columns, histbase=45)
#
 
Last edited:
Thank you so much, just great. I do have a request for you. Being a scalper, I'd like reduce the period of study from the default to like 4 or 5. I tried doing that by adjusting the period on the study, but it doesnt seem to have any effect. Looks like you're setting the minimum period to 10, with this
"
input Donchian_Channel_Period = 20;
def dlen = if Donchian_Channel_Period < 10 then 10 else Donchian_Channel_Period;
"
and using the 9 lower periods to estimate the trend direction. I tried changing this particular line of code to "def dlen = if Donchian_Channel_Period < 10 then 5" , but it doesnt plot anything when I do that.
I'm not much familiar with thinkscript coding, would you kindly make this a truly customizable study, where we can adjust the periods or what do I need to do to edit the code.
Thanks!
 
king_louie said:
@halcyonguy How do you set this up for the scanner? I was trying to set it up for buy signal (all green bar on the donchian) but I can't figure it out
Click to expand...
Add the below code to the bottom of your script:
Ruby: 
def AllGreen = row01>0 and row02>0 and row03>0 and row04>0 and row05>0 and row06>0 and row07>0 and row08>0 and row09>0 and row10>0 ;
plot scan = AllGreen and !AllGreen[1];
     scan.hide();

In Scan Hacker, type in the name of your study. Filter on scan is true
 
gbears96 said:
This indicator is great!

What code would need to be added to include a "ding" alert on a confirmed color change?

@halcyonguy
Click to expand...
Add the below code to the bottom of your script:
Ruby: 
def AllGreen = row01>0 and row02>0 and row03>0 and row04>0 and row05>0 and row06>0 and row07>0 and row08>0 and row09>0 and row10>0 ;
plot scan = AllGreen and !AllGreen[1];
      scan.hide();
Alert(scan, "AllGreen", Alert.Bar, Sound.ding);
 
Is it possible to create a custom watchlist column that displays the buy/sell/weakbuy/weaksell signals coming in?

dSgwTkc.png
 
jmcquades said:
Is it possible to create a custom watchlist column that displays the buy/sell/weakbuy/weaksell signals coming in?

dSgwTkc.png
Click to expand...
I gave your request my best shot, but the watchlist script throws an error:
com.devexperts.tos.thinkscript.runtime.TooComplexException: The complexity of the expression suggests that it may not be reliable with real-time data.

Donchian Trend with the 10 lines summarized is just too complex for use in a watchlist column script.
 
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