GHLA SuperTrend CCI HighLow Activator For ThinkOrSwim

[5rings]

Many thanks for your help Antwerks. If I want to now add a scan for a selling opportunity, what do I change?

Can this work on MTF?

 

[Gon Fishin]

GHLA SuperTrend CCI High-Low Activator Oscillator
A multi-layered trend and momentum indicator that combines Gann-inspired high/low levels, a SuperTrend mechanism, and a custom CCI oscillator. It provides dynamic entry and exit signals, confirming bullish or bearish trends while filtering out market noise. The accompanying oscillator visually represents trend strength and direction, allowing traders to quickly identify opportunities and avoid indecision zones.
View attachment 26314

# GHLA_SuperTrend_CCI_High_Low_Activator_Oscillator
#By CANDO13579
 
declare lower;
declare real_size;
input ghlaPeriod = 10;
input stPeriod = 14;
input stShiftTicks = 20.0;
input useFilter = yes;

def minTick = TickSize();
def shift = stShiftTicks * minTick;

# -----------------------------
# GHLA Logic
# -----------------------------
def ghlaAvgH = Average(high, ghlaPeriod);
def ghlaAvgL = Average(low, ghlaPeriod);

def sw = if close > ghlaAvgH then 1
         else if close < ghlaAvgL then -1
         else 0;

def ghlaDir = CompoundValue(1, if sw != 0 then sw else ghlaDir[1], 0);
def ghlaLevel = if ghlaDir < 0 then ghlaAvgH else ghlaAvgL;

# -----------------------------
# Custom CCI using Typical Price
# -----------------------------
def tp = (high + low + close) / 3;
def tpSMA = Average(tp, stPeriod);
def meanDev = Average(AbsValue(tp - tpSMA), stPeriod);
def cciValue = if meanDev == 0 then 0 else (tp - tpSMA) / (0.015 * meanDev);

# -----------------------------
# SuperTrend State Machine
# -----------------------------

# stFlag: 1=long, -1=short
rec stFlag = if IsNaN(stFlag[1]) then if cciValue >= 0 then 1 else -1
             else if cciValue > 0 and stFlag[1] <= 0 then 1
             else if cciValue < 0 and stFlag[1] >= 0 then -1
             else stFlag[1];

rec st = if IsNaN(st[1]) then if cciValue >= 0 then low - shift else high + shift
         else
            if cciValue > 0 and stFlag[1] <= 0 then low - shift
            else if cciValue < 0 and stFlag[1] >= 0 then high + shift
            else
                if stFlag > 0 and (low - shift) > st[1] then low - shift
                else if stFlag < 0 and (high + shift) < st[1] then high + shift
                else
                    if useFilter and stFlag > 0 and st[1] < st[1] and (close < open or high < high[1]) then st[1]
                    else if useFilter and stFlag < 0 and st[1] > st[1] and (close > open or low > low[1]) then st[1]
                    else st[1];

# -----------------------------
# signals
# -----------------------------
def notNaST = !IsNaN(st);
def upSignal = notNaST and close > st and close > ghlaLevel;
def downSignal = notNaST and close < st and close < ghlaLevel;
def neutralSignal = notNaST and !upSignal and !downSignal;

# -----------------------------
# Output (centered)
# -----------------------------
def signalCenter = 0;
plot Sig = signalCenter;
Sig.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Sig.SetLineWeight(4);

Sig.AssignValueColor(
    if upSignal then Color.GREEN
    else if downSignal then Color.RED
    else Color.LIGHT_GRAY
);

# Boundary reference lines
# -----------------------------
plot UpperLine = 1;
UpperLine.SetDefaultColor(Color.DARK_GRAY);
UpperLine.SetStyle(Curve.SHORT_DASH);

plot LowerLine = -1;
LowerLine.SetDefaultColor(Color.DARK_GRAY);
LowerLine.SetStyle(Curve.SHORT_DASH);

# Gann High/Low Activator Oscillator

input activatorPeriod = 14;

# Calculate simple moving averages
def avgHigh = Average(high, activatorPeriod);
def avgLow = Average(low, activatorPeriod);

# Determine state
def bullState = close > avgHigh;
def bearState = close < avgLow;

# Track the last valid state
def lastState = CompoundValue(1,
    if bullState then 1
    else if bearState then -1
    else lastState[1],
0);

def avgRange = avgHigh - avgLow;
def oscillator =
    if avgRange != 0 then
        if lastState == 1 then (close - avgLow) / avgRange
        else if lastState == -1 then (close - avgHigh) / avgRange
        else 0.5
    else 0.5;

# Plot oscillator
plot GannOsc = oscillator;
GannOsc.SetLineWeight(2);
GannOsc.AssignValueColor(
    if lastState == 1 then CreateColor(0, 255, 0) # Green
    else if lastState == -1 then CreateColor(255, 165, 0) # Orange
    else Color.GRAY
);

# Plot midline
plot MidLine = 0.5;
MidLine.SetDefaultColor(Color.LIGHT_GRAY);
MidLine.SetStyle(Curve.SHORT_DASH);

Sorry to go a bit off topic here - can I ask what you are using to plot the Support / Resistance lines in the main chart body of the original attachment? I like the look of that & would like to try it out.

 

[cando13579]

Sorry to go a bit off topic here - can I ask what you are using to plot the Support / Resistance lines in the main chart body of the original attachment? I like the look of that & would like to try it out.

You can find the link on post #11 @Gon Fishin

 

[Respbid6077]

Hi ,do not know if this is what you expected but ,try this.

View attachment 26524

declare upper;
declare real_size;
input ghlaPeriod = 10;
input stPeriod = 14;
input stShiftTicks = 20.0;
input useFilter = yes;
input activatorPeriod = 14;

def minTick = TickSize();
def shift = stShiftTicks * minTick;

# -----------------------------
# GHLA Logic
# -----------------------------
def ghlaAvgH = Average(high, ghlaPeriod);
def ghlaAvgL = Average(low, ghlaPeriod);

def sw = if close > ghlaAvgH then 1
else if close < ghlaAvgL then -1
else 0;

def ghlaDir = CompoundValue(1, if sw != 0 then sw else ghlaDir[1], 0);
def ghlaLevel = if ghlaDir < 0 then ghlaAvgH else ghlaAvgL;

# -----------------------------
# Custom CCI using Typical Price
# -----------------------------
def tp = (high + low + close) / 3;
def tpSMA = Average(tp, stPeriod);
def meanDev = Average(AbsValue(tp - tpSMA), stPeriod);
def cciValue = if meanDev == 0 then 0 else (tp - tpSMA) / (0.015 * meanDev);

# -----------------------------
# SuperTrend State Machine
# -----------------------------
rec stFlag = if IsNaN(stFlag[1]) then if cciValue >= 0 then 1 else -1
else if cciValue > 0 and stFlag[1] <= 0 then 1
else if cciValue < 0 and stFlag[1] >= 0 then -1
else stFlag[1];

rec st = if IsNaN(st[1]) then if cciValue >= 0 then low - shift else high + shift
else
if cciValue > 0 and stFlag[1] <= 0 then low - shift
else if cciValue < 0 and stFlag[1] >= 0 then high + shift
else
if stFlag > 0 and (low - shift) > st[1] then low - shift
else if stFlag < 0 and (high + shift) < st[1] then high + shift
else
if useFilter and stFlag > 0 and st[1] < st[1] and (close < open or high < high[1]) then st[1]
else if useFilter and stFlag < 0 and st[1] > st[1] and (close > open or low > low[1]) then st[1]
else st[1];

# -----------------------------
# signals
# -----------------------------
def notNaST = !IsNaN(st);
def upSignal = notNaST and close > st and close > ghlaLevel;
def downSignal = notNaST and close < st and close < ghlaLevel;
def neutralSignal = notNaST and !upSignal and !downSignal;

# -----------------------------
# Output (centered)
# -----------------------------
def signalCenter = 0;
plot Sig = signalCenter;
Sig.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Sig.SetLineWeight(4);

Sig.AssignValueColor(
if upSignal then Color.GREEN
else if downSignal then Color.RED
else Color.LIGHT_GRAY
);

# Boundary reference lines
# -----------------------------
plot UpperLine = 1;
UpperLine.SetDefaultColor(Color.DARK_GRAY);
UpperLine.SetStyle(Curve.SHORT_DASH);

plot LowerLine = -1;
LowerLine.SetDefaultColor(Color.DARK_GRAY);
LowerLine.SetStyle(Curve.SHORT_DASH);

# Gann High/Low Activator Oscillator

# Calculate simple moving averages
def avgHigh = Average(high, activatorPeriod);
def avgLow = Average(low, activatorPeriod);

# Determine state
def bullState = close > avgHigh;
def bearState = close < avgLow;

# Track the last valid state
def lastState = CompoundValue(1,
if bullState then 1
else if bearState then -1
else lastState[1],
0);

def avgRange = avgHigh - avgLow;
def oscillator =
if avgRange != 0 then
if lastState == 1 then (close - avgLow) / avgRange
else if lastState == -1 then (close - avgHigh) / avgRange
else 0.5
else 0.5;

# Plot oscillator
plot GannOsc = oscillator;
GannOsc.SetLineWeight(2);
GannOsc.AssignValueColor(
if lastState == 1 then CreateColor(0, 255, 0) # Green
else if lastState == -1 then CreateColor(255, 165, 0) # Orange
else Color.GRAY
);

# Plot midline
plot MidLine = 0.5;
MidLine.SetDefaultColor(Color.LIGHT_GRAY);
MidLine.SetStyle(Curve.SHORT_DASH);

# -----------------------------
# Vertical lines on oscillator crosses
# -----------------------------

# Detect midline crosses
def crossAbove = oscillator crosses above MidLine;
def crossBelow = oscillator crosses below MidLine;

# Add vertical lines on crosses
AddVerticalLine(crossAbove, "", Color.CYAN, Curve.SHORT_DASH);
AddVerticalLine(crossBelow, "", Color.MAGENTA, Curve.SHORT_DASH);

# Optional: Add labels at top of chart for better visibility
#AddChartBubble(crossAbove, high, "Cross Above", Color.CYAN, yes);
#AddChartBubble(crossBelow, high, "Cross Below", Color.MAGENTA, yes);

Here

Thanks

 

[TOS2221]

Here is a run down on the indicator. The indicator is in the VIP section. Join VIP for this and a myriad of other great proven scripts.

Horizontal Line (Signal Line)
This is a thick horizontal line at 0 on the oscillator pane:

• Color meanings:
  • Green: Indicates a bullish condition (price is strong).
  • Red: Indicates a bearish condition (price is weak).
  • Gray: Neutral – no clear bullish or bearish trend.

This line shows trend bias at a glance — it's not moving; the color is what changes to indicate market trend shifts.

Oscillator Line (Gann Oscillator)

This is the actual dynamic line that moves between 0 and 1:

What it represents:

• It's a normalized measure of price strength, calculated based on where the close sits between a moving average of highs and lows.
• It tells you how strong bulls or bears are, depending on where the line is relative to 0.5 (the center).

How to read it:

• Above 0.5 → bullish momentum.
• Below 0.5 → bearish momentum.
• The higher above 0.5, the stronger the bull trend.
• The lower below 0.5, the stronger the bear trend.

What happens when the oscillator crosses 0.5?
This is a momentum shift signal:

• Crossing above 0.5 → shift from bear to bull bias.
• Crossing below 0.5 → shift from bull to bear bias.

It’s often used as a confirmation that a trend is beginning or strengthening.

Right-hand Axis Values
The numbers along the right side of the oscillator pane typically range between 0 and 1, showing the current oscillator value.

Key levels:

• 0.5 = Neutral (centerline).
• 1 = Max bull strength.
• 0 = Max bear strength.

You’ll also see lines at standard deviation levels, like:

• UpperLine1 / UpperLine2 (usually red): Overbought levels (e.g., 0.85, 0.9+)
• LowerLine1 / LowerLine2 (usually green): Oversold levels (e.g., 0.15, 0.1-)

Zone Interpretation (based on colors and zones)

The oscillator has zones like:

Zone Name	Meaning	Color
Overbought 2σ	Very strong — might be overextended	Red
Overbought 1.5σ	Strong bullish, potential topping	Red
Oversold 1.5σ	Bearish pressure, possible bottoming	Green
Oversold 2σ	Extremely oversold — reversal possible	Green
In Range	Normal price action	Gray

Summary

• Color of horizontal line = current trend bias (green/red/gray).
• Oscillator line = price strength, moves dynamically between 0–1.
• Crossing 0.5 = momentum shift.
• Right axis values = actual oscillator values.
• Overbought/Oversold clouds = zones to watch for reversals or overextensions.

Tip for New Users

Look for alignment between:

• Green oscillator AND green horizontal line = strong bull trend
• Red oscillator AND red line = strong bear trend
• Oscillator bouncing off overbought/oversold zones = possible reversals

You're on the right path, understanding these tools takes time, but you're already ahead by asking the right questions.

Proven? In what way?

 

[useThinkScript]

Proven? In what way?

@antwerks is a key VIP contributor, who provides an in-depth range of proofing studies:
https://usethinkscript.com/search/2...&c[title_only]=1&c[users]=antwerks&o=date&g=1

 

[JK1]

Horizontal Line (Signal Line)
This is a thick horizontal line at 0 on the oscillator pane:

• Color meanings:
  • Green: Indicates a bullish condition (price is strong).
  • Red: Indicates a bearish condition (price is weak).
  • Gray: Neutral – no clear bullish or bearish trend.

This line shows trend bias at a glance — it's not moving; the color is what changes to indicate market trend shifts.

Oscillator Line (Gann Oscillator)

This is the actual dynamic line that moves between 0 and 1:

What it represents:

• It's a normalized measure of price strength, calculated based on where the close sits between a moving average of highs and lows.
• It tells you how strong bulls or bears are, depending on where the line is relative to 0.5 (the center).

How to read it:

• Above 0.5 → bullish momentum.
• Below 0.5 → bearish momentum.
• The higher above 0.5, the stronger the bull trend.
• The lower below 0.5, the stronger the bear trend.

What happens when the oscillator crosses 0.5?
This is a momentum shift signal:

• Crossing above 0.5 → shift from bear to bull bias.
• Crossing below 0.5 → shift from bull to bear bias.

It’s often used as a confirmation that a trend is beginning or strengthening.

Right-hand Axis Values
The numbers along the right side of the oscillator pane typically range between 0 and 1, showing the current oscillator value.

Key levels:

• 0.5 = Neutral (centerline).
• 1 = Max bull strength.
• 0 = Max bear strength.

You’ll also see lines at standard deviation levels, like:

• UpperLine1 / UpperLine2 (usually red): Overbought levels (e.g., 0.85, 0.9+)
• LowerLine1 / LowerLine2 (usually green): Oversold levels (e.g., 0.15, 0.1-)

Zone Interpretation (based on colors and zones)

The oscillator has zones like:

Zone Name	Meaning	Color
Overbought 2σ	Very strong — might be overextended	Red
Overbought 1.5σ	Strong bullish, potential topping	Red
Oversold 1.5σ	Bearish pressure, possible bottoming	Green
Oversold 2σ	Extremely oversold — reversal possible	Green
In Range	Normal price action	Gray

Summary

• Color of horizontal line = current trend bias (green/red/gray).
• Oscillator line = price strength, moves dynamically between 0–1.
• Crossing 0.5 = momentum shift.
• Right axis values = actual oscillator values.
• Overbought/Oversold clouds = zones to watch for reversals or overextensions.

Tip for New Users

Look for alignment between:

• Green oscillator AND green horizontal line = strong bull trend
• Red oscillator AND red line = strong bear trend
• Oscillator bouncing off overbought/oversold zones = possible reversals

You're on the right path, understanding these tools takes time, but you're already ahead by asking the right questions.

This is fantastic and extremely helpful!! THANK YOU for finding time to explain in detail. I find a lot of value in a comprehensive indicator. One follow on question...I attached a screenshot of SPX. If I understand correctly, the magnitude of the oscillator line (i.e. 2.0 & -2.6 in the attached screenshot) is an indication of the strength of the trend. Is that correct? Thanks again @antwerks . You were extremely helpful.

 

[antwerks]

This is fantastic and extremely helpful!! THANK YOU for finding time to explain in detail. I find a lot of value in a comprehensive indicator. One follow on question...I attached a screenshot of SPX. If I understand correctly, the magnitude of the oscillator line (i.e. 2.0 & -2.6 in the attached screenshot) is an indication of the strength of the trend. Is that correct? Thanks again @antwerks . You were extremely helpful.

You're absolutely right in your interpretation — and this is a very robust multi-layered oscillator that blends:

• CCI trend logic (confirmation)
• Gann High/Low Activator (momentum + volatility envelope)
• Statistical boundaries (standard deviation zones)
• And a combined signal forecast engine.
  Let’s walk through the meaning of the oscillator value (like +2.0 or -2.6) and how to interpret the entire setup:

What the Oscillator Value Means

The GannOsc line is calculated based on:​

(close - avgLow) / (avgHigh - avgLow)​

or its inverse if in a bearish state.​

Then it’s plotted along with statistical bands:

• Regression line (Inertia)
• ±1.5σ and ±2σ bounds (standard deviations)

So, when you see a value like:

• +2.0 or higher → price is well above the regression average; strongly overbought
• -2.6 or lower → price is well below the average; strongly oversold
• ~0.5 → mean reversion, mid-zone, often seen during consolidation

Interpretation of High/Low Oscillator Magnitudes

Oscillator Value	Interpretation
> +2.0	Extreme overbought — potential exhaustion, watch for reversal
+1.5 to +2.0	Overbought zone — may still trend, but risk rising
+0.5 to +1.5	Healthy uptrend — bullish confirmation
~0.5	Neutral zone — no edge, often chop
-0.5 to -1.5	Healthy downtrend — bearish confirmation
-1.5 to -2.0	Oversold zone — trending or weakening sellers
< -2.0	Extreme oversold — watch for potential reversal

Why This Is More Than Just an Oscillator
This script doesn't just show trend strength — it uses a state machine to interpret multiple layers:
1. Trend Direction

Based on:​

CCI (for direction)​

SuperTrend + High/Low Activator filters​

2. Momentum & Volatility Zone

• Are we trending inside or outside expected statistical range?

3. Forecast Signal
Looks at the combination of:

• Signal direction
• Oscillator’s zone
• Labels like:
  • "Strong BUY Zone" (uptrend + deep oversold)
  • "Buying Opportunity" (trend + normal dip)
  • "Selling Opportunity" (trend + pullback)
  • "Wait / Watch" (no alignment or chop)

Summary:
Yes — you understand it correctly. A Gann oscillator value of +2.0 or -2.6 tells you:

We are statistically outside normal price behavior, in strong trending or extended conditions.

Combined with the trend logic and signal forecast, this gives you:

• Clear trade bias
• Dynamic risk awareness
• Early signals when trend strengthens or weakens

 

[j11235813]

Might you post a script to plot the width of the cloud? I am curious what a narrowing cloud and an expanding cloud would show. Many Thanks.

 

[apdusp]

Hi ,care to explain what 3 sections, Are you referring to?.

sorry for my delay but was not aware of your question. i don't recall now enough to answer. i will try to do that (I am old) and if memory comes back, I'll get back to you.