Fibonacci Average with Supertrended Moving Average COMBO for ThinkorSwim

chewie76

chewie76

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This is a combination of two indicators from this amazing forum added into one indicator with added dynamic colors.

I combined the Typical Fibonacci Average found here. https://usethinkscript.com/threads/the-typical-fibonacci-average-for-thinkorswim.12458/#post-107052

with the Supertrended Moving Averages found here. https://usethinkscript.com/threads/supertrended-moving-averages-for-thinkorswim.17207/#post-143310

and added dynamic colors red/green. I'm happy with the results!

1719496730184.png


Code: 
#FIB_AVG with SUPERTRENDED_MOVING_AVERAGES COMBO
#Assembled by Chewie on 6/27/24
#FIB_Average was posted by Jman831 and can be found at https://usethinkscript.com/threads/the-typical-fibonacci-average-for-thinkorswim.12458/#post-107052

input AverageTypes = AverageType.EXPONENTIAL;
input AveragePrices = close;
input AverageLength1 = 144;
input AverageLength2 = 126;
input AverageLength3 = 108;
input AverageLength4 = 90;
input AverageLength5 = 72;
input AverageLength6 = 54;
input AverageLength7 = 27;
input AverageLength8 = 18;

def avg1 = MovingAverage(AverageTypes, AveragePrices, AverageLength1) * 34;
def avg2 = MovingAverage(AverageTypes, AveragePrices, AverageLength2) * 21;
def avg3 = MovingAverage(AverageTypes, AveragePrices, AverageLength3) * 13;
def avg4 = MovingAverage(AverageTypes, AveragePrices, AverageLength4) * 8;
def avg5 = MovingAverage(AverageTypes, AveragePrices, AverageLength5) * 5;
def avg6 = MovingAverage(AverageTypes, AveragePrices, AverageLength6) * 3;
def avg7 = MovingAverage(AverageTypes, AveragePrices, AverageLength7) * 2;
def avg8 = MovingAverage(AverageTypes, AveragePrices, AverageLength8);
def typfibavg = (avg1 + avg2 + avg3 + avg4 + avg5 + avg6 + avg7 + avg8) / 87;

plot TypicalFibAverage = typfibavg;
TypicalFibAverage.setlineWeight(3);


# https://www.tradingview.com/v/sfV6H5h5/
#//@KivancOzbilgic
#indicator('SuperTrended Moving Averages', 'ST MA', overlay=true,
#Converted by Sam4Cok@Samer800    - 11/2023
#- Updated - minor code fix - Sam4Cok@Samer800    - 01/2024
input maType  = {SMA, default EMA, HMA, WMA, VWMA, DEMA, ZLSMA, ZLEMA, VAR, TILL, TSF};
input Source = close;
input maLength  = 135;    #100 " Length MA"
input changeATR = yes;
input atrLength = 10;    # " Length Atr"
input atrMultiplier = 0.5;   # "Band Mult"
input ShowCloud = no;
input ShowCloud2 = yes;
input showsignals = no;

def na = Double.NaN;
def avPlot = ohlc4;

#// ] -------------- FUNCTIONS : Moving Avg ------------------ [
#pine_linreg(src, len, offset=0) =>
Script linreg {
input src = close;
input len = 100;
input offset = 0;
    def na = Double.NaN;
    def bar_index = isNaN(close);
    def x_sum = if bar_index then na else
                fold i = 0 to len with p do
                 p + i;
    def xx_sum = if bar_index then na else
                fold ii = 0 to len with pp do
                 pp + ii * ii;
    def y_sum = sum(src, len);
    def xy_sum = fold j = 0 to len with q do
                  q  + j * GetValue(src, len - j - 1);
    def slope = (len * xy_sum - x_sum * y_sum) / (len * xx_sum - x_sum * x_sum);
    def intercept = (y_sum - slope * x_sum) / len;
    def linreg = intercept + slope * (len - offset - 1);
    plot out = linreg;
}
Script TSF {
input src = close;
input length = 100;
    def lrc = Inertia(src, length);
    def lrc1 = linreg(src, length, 1);
    def lrs = lrc - lrc1;
    def TSF = Inertia(src, length) + lrs;
    plot out = TSF;
}
script TILL {
    input src = close;
    input length = 100;
    input T3a1 = 0.7;
    def T3e1 = ExpAverage(src, length);
    def T3e2 = ExpAverage(T3e1, length);
    def T3e3 = ExpAverage(T3e2, length);
    def T3e4 = ExpAverage(T3e3, length);
    def T3e5 = ExpAverage(T3e4, length);
    def T3e6 = ExpAverage(T3e5, length);
    def T3c1 = -T3a1 * T3a1 * T3a1;
    def T3c2 = 3 * T3a1 * T3a1 + 3 * T3a1 * T3a1 * T3a1;
    def T3c3 = -6 * T3a1 * T3a1 - 3 * T3a1 - 3 * T3a1 * T3a1 * T3a1;
    def T3c4 = 1 + 3 * T3a1 + T3a1 * T3a1 * T3a1 + 3 * T3a1 * T3a1;
    def T3 = T3c1 * T3e6 + T3c2 * T3e5 + T3c3 * T3e4 + T3c4 * T3e3;
    plot out = T3;
}
script VAR {
    input src = close;
    input length = 100;
    def curClose = src;
    def prevClose = src[1];
    def valpha = 2 / (length + 1);
    def vud1 = if curClose > prevClose then curClose - prevClose else 0;
    def vdd1 = if prevClose > curClose then prevClose - curClose else 0;
    def vUD = sum(vud1, 9);
    def vDD = sum(vdd1, 9);
    def vCMO = if vUD + vDD == 0 then 0 else (vUD - vDD) / (vUD + vDD);
    def cmo = valpha * AbsValue(vCMO);
    def VAR = CompoundValue(1, cmo * curClose + (1 - cmo) * VAR[1], src);
    plot out = VAR;
}
#export zlSma(float src, simple int len) =>
script ZLSMA {
    input src = close;
    input len = 14;
    def lsma = Inertia(src, len);
    def lsma2 = Inertia(lsma, len);
    def eq = lsma - lsma2;
    def zlsma = lsma + eq;
    plot return = zlsma;
}
#export zlSma(float src, simple int len) =>
script ZLEMA {
    input src = close;
    input len = 14;
    def lenR = Round(len / 2, 0);
    def zxLag = if len / 2 == lenR then len / 2 else (len - 1) / 2;
    def zxEMAData = src + src - src[zxLag];
    def ZLEMA = ExpAverage(zxEMAData, len);
    plot out = ZLEMA;
}
#vwma(source, length)
script VWMA {
    input src = close;
    input len = 15;
    def v = volume;
    def VWMA = SimpleMovingAvg(src * v, len) / SimpleMovingAvg(v, len);
    plot result = VWMA;
}
#export multiMa(float source, simple int length, string type) =>
def mov;
Switch (maType) {
Case SMA : mov = Average(source, maLength);
Case VAR : mov = VAR(source, maLength);
Case WMA : mov = WMA(source, maLength);
Case VWMA : mov = VWMA(source, maLength);
Case DEMA : mov = DEMA(source, maLength);
Case ZLSMA : mov = ZLSMA(source, maLength);
Case ZLEMA : mov = ZLEMA(source, maLength);
Case TILL : mov = TILL(source, maLength);
Case TSF : mov = TSF(source, maLength);
Case HMA : mov = HullMovingAvg(source, maLength);
Default : mov = ExpAverage(source, maLength);
}
#Supertrend(lenAtr, lenMas, mult, highP, lowP, closeP) =>
Script Supertrend {
input src = hl2;
input atrLength = 14;
input mult = 2;
input changeATR = yes;
    def tr = TrueRange(high, close, low);
    def nATR = if changeATR then ATR(Length = atrLength) else SimpleMovingAvg(tr, atrLength);
    def up = src - mult * nATR;
    def dn = src + mult * nATR;
    def lower;
    def upper;
    def up2 = if isNaN(upper[1]) then up else upper[1];
    def dn2 = if isNaN(lower[1]) then dn else lower[1];
    def up1 = if up2==0 then up else up2;
    def dn1 = if dn2==0 then dn else dn2;
        upper = if (close[1] > up1) then if up > up1 then up else up1 else up;
        lower = if (close[1] < dn1) then if dn < dn1 then dn else dn1 else dn;
    def trend;
    def trend2 = if isNaN(trend[1]) then 0 else trend[1];
    def trend1 = if trend2==0 then 1 else trend2;
    if trend1 == -1 and close > dn1 {
        trend = 1;
    } else if trend1 == 1 and close < up1 {
        trend = -1;
    } else {
        trend = trend1;
    }
    def superTrend = if trend == -1 then lower else upper;

    plot ST = superTrend;
    plot dir = trend;
}

def ma = mov;
def ST    = Supertrend(ma, atrLength, atrMultiplier,changeATR).ST;
def Trend = Supertrend(ma, atrLength, atrMultiplier,changeATR).DIR;
def change = Trend!=Trend[1];
def buySignal  = trend > 0 and change;
def sellSignal = trend < 0 and change;

#-- plts

plot upPlot = if Trend > 0 then ST else na;  # 'Up Band'
plot loPlot = if Trend < 0 then ST else na; # 'Low Band'
#upPlot.SetDefaultColor(CreateColor(76,175,80));
upPlot.SetDefaultColor(Color.dark_green);
#loPlot.SetDefaultColor(CreateColor(255,82,82));
loPlot.SetDefaultColor(Color.red);
upPlot.SetLineWeight(3);
loPlot.SetLineWeight(3);
plot upPt = if buySignal then ST else na;
plot dnPt = if sellSignal then ST else na;
upPt.SetLineWeight(2);
dnPt.SetLineWeight(2);
upPt.SetDefaultColor(CreateColor(76,175,80));
dnPt.SetDefaultColor(CreateColor(255,82,82));
upPt.setPaintingStrategy(PaintingStrategy.POINTS);
dnPt.setPaintingStrategy(PaintingStrategy.POINTS);

TypicalFibAverage.setdefaultcolor(Color.GREEN);
TypicalFibAverage.AssignValueColor(if TypicalFibAverage < loplot then Color.DARK_ORANGE else color.current);

#-- Signals and Cloud

AddChartBubble(showsignals and buySignal, ST, "B", Color.GREEN, no);
AddChartBubble(showsignals and sellSignal, ST, "S", Color.RED);

AddCloud(If(TypicalFibAverage < loplot, TypicalFibAverage, Double.NaN), loplot, Color.DARK_red, Color.DARK_red);

AddCloud(If(TypicalFibAverage > upplot, TypicalFibAverage, Double.NaN), upplot, Color.DARK_green, Color.DARK_green);

AddCloud(if ShowCloud then avPlot else na, upPlot, CreateColor(0,35,0)); # 'Upper Area'
AddCloud(if ShowCloud then loPlot else na, avPlot, CreateColor(55,0,0));  # 'Lower Area'

#--- END CODE
 
I also created a MTF version of this. 4 HR is default time. See upper lines in picture.

1719503304692.png


Code: 
#MTF FIB AVG WITH SUPERTRENDED MA
#Assembled by Chewie on 6/27/24
#FIB_Average was posted by Jman831 and can be found at https://usethinkscript.com/threads/the-typical-fibonacci-average-for-thinkorswim.12458/#post-107052

input agg1 = aggregationPeriod.four_hours;
def Source = close(period = agg1);

input AverageTypes = AverageType.EXPONENTIAL;
DEF AveragePrices = source;
input AverageLength1 = 144;
input AverageLength2 = 126;
input AverageLength3 = 108;
input AverageLength4 = 90;
input AverageLength5 = 72;
input AverageLength6 = 54;
input AverageLength7 = 27;
input AverageLength8 = 18;

def avg1 = MovingAverage(AverageTypes, AveragePrices, AverageLength1) * 34;
def avg2 = MovingAverage(AverageTypes, AveragePrices, AverageLength2) * 21;
def avg3 = MovingAverage(AverageTypes, AveragePrices, AverageLength3) * 13;
def avg4 = MovingAverage(AverageTypes, AveragePrices, AverageLength4) * 8;
def avg5 = MovingAverage(AverageTypes, AveragePrices, AverageLength5) * 5;
def avg6 = MovingAverage(AverageTypes, AveragePrices, AverageLength6) * 3;
def avg7 = MovingAverage(AverageTypes, AveragePrices, AverageLength7) * 2;
def avg8 = MovingAverage(AverageTypes, AveragePrices, AverageLength8);
def typfibavg = (avg1 + avg2 + avg3 + avg4 + avg5 + avg6 + avg7 + avg8) / 87;

plot TypicalFibAverage = typfibavg;
TypicalFibAverage.setlineWeight(3);





# https://www.tradingview.com/v/sfV6H5h5/
#//@KivancOzbilgic
#indicator('SuperTrended Moving Averages', 'ST MA', overlay=true,
#Converted by Sam4Cok@Samer800    - 11/2023
#- Updated - minor code fix - Sam4Cok@Samer800    - 01/2024
input maType  = {SMA, default EMA, HMA, WMA, VWMA, DEMA, ZLSMA, ZLEMA, VAR, TILL, TSF};
#input Source = close;
input maLength  = 135;    #100 " Length MA"
input changeATR = yes;
input atrLength = 10;    # " Length Atr"
input atrMultiplier = 0.5;   # "Band Mult"
input ShowCloud = no;
input ShowCloud2 = yes;
input showsignals = no;

def na = Double.NaN;
def avPlot = ohlc4;

#// ] -------------- FUNCTIONS : Moving Avg ------------------ [
#pine_linreg(src, len, offset=0) =>
Script linreg {
input src = close;
input len = 100;
input offset = 0;
    def na = Double.NaN;
    def bar_index = isNaN(close);
    def x_sum = if bar_index then na else
                fold i = 0 to len with p do
                 p + i;
    def xx_sum = if bar_index then na else
                fold ii = 0 to len with pp do
                 pp + ii * ii;
    def y_sum = sum(src, len);
    def xy_sum = fold j = 0 to len with q do
                  q  + j * GetValue(src, len - j - 1);
    def slope = (len * xy_sum - x_sum * y_sum) / (len * xx_sum - x_sum * x_sum);
    def intercept = (y_sum - slope * x_sum) / len;
    def linreg = intercept + slope * (len - offset - 1);
    plot out = linreg;
}
Script TSF {
input src = close;
input length = 100;
    def lrc = Inertia(src, length);
    def lrc1 = linreg(src, length, 1);
    def lrs = lrc - lrc1;
    def TSF = Inertia(src, length) + lrs;
    plot out = TSF;
}
script TILL {
    input src = close;
    input length = 100;
    input T3a1 = 0.7;
    def T3e1 = ExpAverage(src, length);
    def T3e2 = ExpAverage(T3e1, length);
    def T3e3 = ExpAverage(T3e2, length);
    def T3e4 = ExpAverage(T3e3, length);
    def T3e5 = ExpAverage(T3e4, length);
    def T3e6 = ExpAverage(T3e5, length);
    def T3c1 = -T3a1 * T3a1 * T3a1;
    def T3c2 = 3 * T3a1 * T3a1 + 3 * T3a1 * T3a1 * T3a1;
    def T3c3 = -6 * T3a1 * T3a1 - 3 * T3a1 - 3 * T3a1 * T3a1 * T3a1;
    def T3c4 = 1 + 3 * T3a1 + T3a1 * T3a1 * T3a1 + 3 * T3a1 * T3a1;
    def T3 = T3c1 * T3e6 + T3c2 * T3e5 + T3c3 * T3e4 + T3c4 * T3e3;
    plot out = T3;
}
script VAR {
    input src = close;
    input length = 100;
    def curClose = src;
    def prevClose = src[1];
    def valpha = 2 / (length + 1);
    def vud1 = if curClose > prevClose then curClose - prevClose else 0;
    def vdd1 = if prevClose > curClose then prevClose - curClose else 0;
    def vUD = sum(vud1, 9);
    def vDD = sum(vdd1, 9);
    def vCMO = if vUD + vDD == 0 then 0 else (vUD - vDD) / (vUD + vDD);
    def cmo = valpha * AbsValue(vCMO);
    def VAR = CompoundValue(1, cmo * curClose + (1 - cmo) * VAR[1], src);
    plot out = VAR;
}
#export zlSma(float src, simple int len) =>
script ZLSMA {
    input src = close;
    input len = 14;
    def lsma = Inertia(src, len);
    def lsma2 = Inertia(lsma, len);
    def eq = lsma - lsma2;
    def zlsma = lsma + eq;
    plot return = zlsma;
}
#export zlSma(float src, simple int len) =>
script ZLEMA {
    input src = close;
    input len = 14;
    def lenR = Round(len / 2, 0);
    def zxLag = if len / 2 == lenR then len / 2 else (len - 1) / 2;
    def zxEMAData = src + src - src[zxLag];
    def ZLEMA = ExpAverage(zxEMAData, len);
    plot out = ZLEMA;
}
#vwma(source, length)
script VWMA {
    input src = close;
    input len = 15;
    def v = volume;
    def VWMA = SimpleMovingAvg(src * v, len) / SimpleMovingAvg(v, len);
    plot result = VWMA;
}
#export multiMa(float source, simple int length, string type) =>
def mov;
Switch (maType) {
Case SMA : mov = Average(source, maLength);
Case VAR : mov = VAR(source, maLength);
Case WMA : mov = WMA(source, maLength);
Case VWMA : mov = VWMA(source, maLength);
Case DEMA : mov = DEMA(source, maLength);
Case ZLSMA : mov = ZLSMA(source, maLength);
Case ZLEMA : mov = ZLEMA(source, maLength);
Case TILL : mov = TILL(source, maLength);
Case TSF : mov = TSF(source, maLength);
Case HMA : mov = HullMovingAvg(source, maLength);
Default : mov = ExpAverage(source, maLength);
}
#Supertrend(lenAtr, lenMas, mult, highP, lowP, closeP) =>
Script Supertrend {
input src = hl2;
input atrLength = 14;
input mult = 2;
input changeATR = yes;
    def tr = TrueRange(high, close, low);
    def nATR = if changeATR then ATR(Length = atrLength) else SimpleMovingAvg(tr, atrLength);
    def up = src - mult * nATR;
    def dn = src + mult * nATR;
    def lower;
    def upper;
    def up2 = if isNaN(upper[1]) then up else upper[1];
    def dn2 = if isNaN(lower[1]) then dn else lower[1];
    def up1 = if up2==0 then up else up2;
    def dn1 = if dn2==0 then dn else dn2;
        upper = if (close[1] > up1) then if up > up1 then up else up1 else up;
        lower = if (close[1] < dn1) then if dn < dn1 then dn else dn1 else dn;
    def trend;
    def trend2 = if isNaN(trend[1]) then 0 else trend[1];
    def trend1 = if trend2==0 then 1 else trend2;
    if trend1 == -1 and close > dn1 {
        trend = 1;
    } else if trend1 == 1 and close < up1 {
        trend = -1;
    } else {
        trend = trend1;
    }
    def superTrend = if trend == -1 then lower else upper;

    plot ST = superTrend;
    plot dir = trend;
}

def ma = mov;
def ST    = Supertrend(ma, atrLength, atrMultiplier,changeATR).ST;
def Trend = Supertrend(ma, atrLength, atrMultiplier,changeATR).DIR;
def change = Trend!=Trend[1];
def buySignal  = trend > 0 and change;
def sellSignal = trend < 0 and change;

#-- plts

plot upPlot = if Trend > 0 then ST else na;  # 'Up Band'
plot loPlot = if Trend < 0 then ST else na; # 'Low Band'
#upPlot.SetDefaultColor(CreateColor(76,175,80));
upPlot.SetDefaultColor(Color.dark_green);
#loPlot.SetDefaultColor(CreateColor(255,82,82));
loPlot.SetDefaultColor(Color.red);
upPlot.SetLineWeight(3);
loPlot.SetLineWeight(3);
plot upPt = if buySignal then ST else na;
plot dnPt = if sellSignal then ST else na;
upPt.SetLineWeight(2);
dnPt.SetLineWeight(2);
upPt.SetDefaultColor(CreateColor(76,175,80));
dnPt.SetDefaultColor(CreateColor(255,82,82));
upPt.setPaintingStrategy(PaintingStrategy.POINTS);
dnPt.setPaintingStrategy(PaintingStrategy.POINTS);

TypicalFibAverage.setdefaultcolor(Color.GREEN);
TypicalFibAverage.AssignValueColor(if TypicalFibAverage < loplot then Color.DARK_ORANGE else color.current);

#-- Signals and Cloud

AddChartBubble(showsignals and buySignal, ST, "B", Color.GREEN, no);
AddChartBubble(showsignals and sellSignal, ST, "S", Color.RED);

AddCloud(If(TypicalFibAverage < loplot, TypicalFibAverage, Double.NaN), loplot, Color.DARK_red, Color.DARK_red);

AddCloud(If(TypicalFibAverage > upplot, TypicalFibAverage, Double.NaN), upplot, Color.DARK_green, Color.DARK_green);

AddCloud(if ShowCloud then avPlot else na, upPlot, CreateColor(0,35,0)); # 'Upper Area'
AddCloud(if ShowCloud then loPlot else na, avPlot, CreateColor(55,0,0));  # 'Lower Area'

#--- END CODE
 
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