DPO Mobo for ThinkorSwim

[petergluis]

does it show arrows?

I did not add arrows. You can improve it.

 

[jhorton56]

Hi Mashume,

Do you know if the FW_MMG or FW_FisherTransformer indicators can be found anywhere? These are the two that are not included on the FW website.

Best,
Mitch

They are both in ToS, just without source code.

 

[Charlotte]

Just remember that you need to reference the FW_DPO_MOBO for every plot you want to use... I have my own custom versions and have posted my short version below... Note that my settings differ from the original release...

#My_FW_DPO_MOBO
#Based on TOS FW_DPO_MOBO
#Modified for personal use by rad14733

declare lower;

input price = HL2;
input colorNormLength = 3;
input dpoLength = 13;
input moboDisplace = 0;
input moboLength = 13;
input numDevDn = -1.0;
input numDevUp = 1.0;
input coloredMobo = Yes;
input coloredFill = Yes;
input breakArrows = Yes;
input moboShowMid = Yes;

#plot DPO = Double.NaN;
plot DPO = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).DPO;
#DPO.DefineColor("UpTrend", Color.LIME);
#DPO.DefineColor("DnTrend", Color.MAGENTA);
DPO.SetPaintingStrategy(PaintingStrategy.LINE);
DPO.SetLineWeight(2);
DPO.AssignValueColor(Color.YELLOW);
DPO.HideBubble();
DPO.HideTitle();

#plot MidlineP = Double.NaN;
plot MidlineP = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).MidlineP;
MidLineP.SetPaintingStrategy(PaintingStrategy.LINE);
MidLineP.SetLineWeight(2);
MidlineP.AssignValueColor(if MidlineP > MidlineP[1] then Color.GREEN else Color.RED);
MidlineP.HideBubble();
MidlineP.HideTitle();

#plot UpperBandP = Double.NaN;
plot UpperBandP = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).UpperBandP;
UpperBandP.SetDefaultColor(Color.WHITE);
UpperBandP.SetLineWeight(1);

#plot LowerBandP = Double.NaN;
plot LowerBandP = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).LowerBandP;
LowerBandP.SetDefaultColor(Color.WHITE);
LowerBandP.SetLineWeight(1);

#plot Zeroline = Double.NaN;
plot Zeroline = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).Zeroline;
Zeroline.SetStyle(Curve.MEDIUM_DASH);
Zeroline.SetDefaultColor(Color.ORANGE);
Zeroline.SetLineWeight(2);


#plot BreakOutArrow = Double.NaN;
plot BreakOutArrow = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).BreakOutArrow;


#plot BreakDownArrow = Double.NaN;
plot BreakDownArrow = FW_DPO_MOBO(price, colorNormLength, dpoLength, moboDisplace, moboLength, numDevDn, numDevUp, coloredMobo, coloredFill, breakArrows, moboShowMid).BreakDownArrow;

AddCloud(UpperBandP, LowerBandP, Color.MAGENTA, Color.MAGENTA);

I can't find the link for this indicator.

 

[MerryDay]

I can't find the link for this indicator.

The script that you included in your post is @rad14733's indicator.

If your question is how to cut & paste the script into your chart:
https://usethinkscript.com/threads/how-to-import-existing-thinkscript-code-on-thinkorswim.10/

 

[MatthewA]

I use the one here from @rad14733: https://usethinkscript.com/threads/fw_dpo_mobo-script.4771/#post-44180. He does use different lengths.
This indicator appears on most of my charts. I buy dips and then look for reversals.
I am not a fan of arrows, especially w/ oscillators, especially w/ this particular script. For me, it is more about how the oscillator is lining up with your other three non-collinear indicators on your three timeframes.

This is very interesting @MerryDay , and @rad14733
I find your MomentumBreakout function fascinating and your explanations you shared enlightening.

This learnings here might be applied to others analogous problems as well.
https://www.seeitmarket.com/using-momentum-bands-with-a-risk-on-ratio-filter/

In particular I think I might use this with our relative volume studies to understand how mobile an volume might be. Or rather why some unusual volumes are more restless than others.
https://usethinkscript.com/threads/time-based-volume-indicator-for-thinkorswim.124/post-136003

Thank you and have a happy new year.

 

[ckidd63]

How do I convert an AddCloud Statement into a variable TOS?

AddCloud(if DPO > lower then upper else nan,
if DPO > lower then lower else nan, Color.Green, Color.Current);

 

[MerryDay]

How do I convert an AddCloud Statement into a variable TOS?

AddCloud(if DPO > lower then upper else nan,
if DPO > lower then lower else nan, Color.Green, Color.Current);

Your request is: Create a definition for when your cloud is green? Which indicates that the DPO is greater than the lower boundary.

def variable = DPO > Lower ;

If you are looking for a signal for when the cloud begins to turn green:

plot trigger = if DPO crosses above Lower then Lower else double.NaN;
trigger.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
trigger.SetDefaultColor(color.yellow) ;
trigger.SetLineWeight(3);[

#https://www.tradingview.com/script/s2yv2eub-Mobo-Bands/
declare lower;
def price  = hl2;
def colorNormLength = 3;
def dpoLength       = 13;
def moboDisplace    = 0;
def moboLength    = 10;
def numDevDn  = -0.8;
def numDevUp  = 0.8;
script nz {
    input data = 0;
    def ret_val = if IsNaN(data) then 0 else data;
    plot return = ret_val;
}
def coloredMobo     = yes;
def coloredFill     =  yes;
def breakArrows     = yes;
def moboShowMid     = yes;


#def DPO = price - Average(price[DPO_length / 2 + 1], DPO_length);
def xsma = Average(price[dpoLength / 2 + 1], dpoLength);
#def xsma = sma(price, dpoLength);
def DPO = price - xsma;


def Midline = Average(DPO, moboLength);

def sDev = StDev(DPO, moboLength);

def Lower = Midline + numDevDn * sDev;
def Upper = Midline + numDevUp * sDev;

plot line_dpo = DPO;
line_dpo.AssignValueColor(if  line_dpo>  line_dpo[1] then Color.cyan else Color.red);
line_dpo.SetLineWeight(5);
plot Line_mid = Midline;
Line_mid.AssignValueColor(if MidLine < dpo then Color.green else Color.magenta);
Line_mid.SetLineWeight(3);

AddCloud(if DPO > Lower then Upper else double.NaN,
if DPO > Lower then Lower else double.NaN, Color.Green, Color.Current);

plot trigger = if DPO crosses above Lower then Lower else double.NaN;
trigger.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
trigger.SetDefaultColor(color.yellow) ;
trigger.SetLineWeight(3);

 

[ckidd63]

Great. Thank You MD

 

[Clata54]

Is there a MTF version of DPO Mobo? If not, would one be possible to make?