Heikin_Ashi Indicator For ThinkOrSwim

[jgresham1979]

@BonBon Wonderful work! I read through the entire thread and I'm using many of your codes and changes/updates. I was wondering if you might be able to post the code for the lower RSI/Stoch? I searched twice but couldn't find it. Thanks again, my recent gains have all been because of this thread!

 

[RickK]

OK, ridiculously dumb question here (maybe) but here goes. What exactly is the value of the zigzag high low trend change confirmation plots when they actually only become visible 10, 20 bars after the fact? Feeling very dumb asking since so many of you place so much value in these plots.

 

[BonBon]

I am running the upper study and also the lower moxie smoothed version with very good results on the 15 min chart.
moxie script https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/

OK, ridiculously dumb question here (maybe) but here goes. What exactly is the value of the zigzag high low trend change confirmation plots when they actually only become visible 10, 20 bars after the fact? Feeling very dumb asking since so many of you place so much value in these plots.

@RickK. you are correct with the zigzag script. That is why you have to tweak the script so that the signals appear just before the HA changes. You cannot use as is. This is where individual members have to learn how to read and understand script as well. I have updated the zigzag script from the original post where the altered zigzag code appears just before the trend change. This is my alert/warning that a reversal will occur. The HA trend change occurs a few bars afterwards.

 

[DOUBLE MOVE]

@RickK. you are correct with the zigzag script. That is why you have to tweak the script so that the signals appear just before the HA changes. You cannot use as is. This is where individual members have to learn how to read and understand script as well. I have updated the zigzag script from the original post where the altered zigzag code appears just before the trend change. This is my alert/warning that a reversal will occur. The HA trend change occurs a few bars afterwards.

can you post the tweeked code here or better yet your latest grid you use here THANKS!!

 

[RickK]

@RickK. you are correct with the zigzag script. That is why you have to tweak the script so that the signals appear just before the HA changes. You cannot use as is. This is where individual members have to learn how to read and understand script as well. I have updated the zigzag script from the original post where the altered zigzag code appears just before the trend change. This is my alert/warning that a reversal will occur. The HA trend change occurs a few bars afterwards.

Thanks so much @BonBon for responding so quickly. Good God!.... I've seen so many iterations of the code (notwithstanding the mods to code that I've made myself...head spinning a bit) that I don't know what the most current one is with your updates to the zigzag script. Could you point me in the right direction please? Thanks!!

 

[VictusJogi]

Hi Bon Bon, same as VictusJogi...can you please share your scan because I can't seem to figure it out either!!

I am also not a coder and have read, reread and tried to figure it out...especially every single page with every single change...i've spent more time reading and rereading this thread than any other thread...

In your scan script you write this:

"input midTermPeriod = {"1 min", "3 min", "15 min", "30 min", "weekly", "60 min", "120 min", "240 min","Daily","monthly", default "5 min"}; #to change the default timeframe remove the 5 min and place it in the main section between the 3 min and 15 min. Next remove the timeframe you will be using and place it in the default section. "





I have no idea how to do that and it is totally confusing...any help would be greatly appreciated. Also are we scanning to see when the "smoothed HA" changes color from positive to negative?? That is the purpose of the scan say if I want to look at a 5 min TF??

Thanks and sorry I am not understanding!

@Joseph Patrick 18.... I spent some time with it and figured it out...I will share the scan once I get home... meanwhile check out the first few pages..the way bonbon has explained is way above my head but spend some time with it and I think I got it..

 

[Joseph Patrick 18]

@Joseph Patrick 18.... I spent some time with it and figured it out...I will share the scan once I get home... meanwhile check out the first few pages..the way bonbon has explained is way above my head but spend some time with it and I think I got it..

Ok cool thanks so much appreciate it...I'll go and check out the first couple of pages in the meantime again. Thanks!

 

[Joseph Patrick 18]

@Joseph Patrick 18.... I spent some time with it and figured it out...I will share the scan once I get home... meanwhile check out the first few pages..the way bonbon has explained is way above my head but spend some time with it and I think I got it..

Hi VictusJogi, I went back and reread the first 4 pages and I'm not seeing it...the only thing I saw was post #77 (Dollar Volume Scan) and I already have that...again thanks for your help...and to reiterate the MTF scan that we are trying to set up will look for when the HA Smoothing changes color or price reversal? Because I plugged in the MTF script and set it as "true" and it doesn't do anything that pertains to that. Thanks for any help.

 

[VictusJogi]

@Joseph

Hi VictusJogi, I went back and reread the first 4 pages and I'm not seeing it...the only thing I saw was post #77 (Dollar Volume Scan) and I already have that...again thanks for your help...and to reiterate the MTF scan that we are trying to set up will look for when the HA Smoothing changes color or price reversal? Because I plugged in the MTF script and set it as "true" and it doesn't do anything that pertains to that. Thanks for any help.

Here you go...

http://tos.mx/WEH2XeH

 

[Joseph Patrick 18]

@Joseph

Here you go...

http://tos.mx/WEH2XeH

Thanks appreciate your time and help!

 

[VictusJogi]

Thanks appreciate your time and help!

Hope it helps..Cheers...

 

[Joseph Patrick 18]

@Joseph

Here you go...

Hope it helps..Cheers...

I got it thanks so much!

 

[Joseph Patrick 18]

Hi, can someone please explain to me what the purpose of the scan/ MTF scan is?

Is it supposed to show when a price reversal or HA smoothing color change??

Like in Pic # 1 ???

Because if I do say a 5 min scan with my chart on 5 mins and the watchlist on 5 mins I get mostly whats in PIC #2 and only a handful of like whats in PIC #1.

If anyone can please explain what I am supposed to be looking for it would help me immensely. I have read and reread the whole thread over and over again. Thanks.

https://imgur.com/P2iJThc

https://imgur.com/QlaeevW

 

[VictusJogi]

Hi, can someone please explain to me what the purpose of the scan/ MTF scan is?

Is it supposed to show when a price reversal or HA smoothing color change??

Like in Pic # 1 ???

Because if I do say a 5 min scan with my chart on 5 mins and the watchlist on 5 mins I get mostly whats in PIC #2 and only a handful of like whats in PIC #1.

If anyone can please explain what I am supposed to be looking for it would help me immensely. I have read and reread the whole thread over and over again. Thanks.

https://imgur.com/P2iJThc

https://imgur.com/QlaeevW

Set up 2 more columns on your watch list for 15 and 30 mins plots, shared by bonbon.. just make a tweak to the existing script of 5 minutes to 15 and 30 mins, save those scripts and put it on your watchlist.. it will help you find out stocks that have a possible reversal..
what this scan helps you find? It shows you a bullish reversal on (5,15,30 mins) check the lower chart shared by bonbon and use rsi or stochastic for an entry..

 

[BonBon]

@Joseph Patrick 18 the multiple timeframe scan helps in entering trades not to look for reversals. If you are a day trader and using the 5, 15 and 60 minute times (based on your trading plan) you would enter the trade if all 3 time frames are bullish etc. You would add these time frames to your scan looking for those tickers with all 3 timeframe aligned (if you are going long or short).

The scan helps with finding stocks that are in a trend on all the timeframes you are using. Then based on the catalyst, float, RVI etc. you can determine your entry.

@everyone..please ensure you educate yourself on ways of using these indicators etc. before implementing in your trading plan. It is never wise to simply add them to your plan without doing your research. There are plenty or resources online to assist. I can only inform as to how I am using them in my trading plan.

 

[VictusJogi]

@Joseph Patrick 18 the multiple timeframe scan helps in entering trades not to look for reversals. If you are a day trader and using the 5, 15 and 60 minute times (based on your trading plan) you would enter the trade if all 3 time frames are bullish etc. You would add these time frames to your scan looking for those tickers with all 3 timeframe aligned (if you are going long or short).

The scan helps with finding stocks that are in a trend on all the timeframes you are using. Then based on the catalyst, float, RVI etc. you can determine your entry.

@everyone..please ensure you educate yourself on ways of using these indicators etc. before implementing in your trading plan. It is never wise to simply add them to your plan without doing your research. There are plenty or resources online to assist. I can only inform as to how I am using them in my trading plan.

It’s all up to us how we use the tools provided to us..

 

[Joseph Patrick 18]

@Joseph Patrick 18 the multiple timeframe scan helps in entering trades not to look for reversals. If you are a day trader and using the 5, 15 and 60 minute times (based on your trading plan) you would enter the trade if all 3 time frames are bullish etc. You would add these time frames to your scan looking for those tickers with all 3 timeframe aligned (if you are going long or short).

The scan helps with finding stocks that are in a trend on all the timeframes you are using. Then based on the catalyst, float, RVI etc. you can determine your entry.

@everyone..please ensure you educate yourself on ways of using these indicators etc. before implementing in your trading plan. It is never wise to simply add them to your plan without doing your research. There are plenty or resources online to assist. I can only inform as to how I am using them in my trading plan.

Thank you so much BonBon for taking the time to explain to me! I really appreciate your time and patience...I'm always trying to learn and do it on my own and any advice is greatly appreciated. Thank you!

 

[Joseph Patrick 18]

Set up 2 more columns on your watch list for 15 and 30 mins plots, shared by bonbon.. just make a tweak to the existing script of 5 minutes to 15 and 30 mins, save those scripts and put it on your watchlist.. it will help you find out stocks that have a possible reversal..
what this scan helps you find? It shows you a bullish reversal on (5,15,30 mins) check the lower chart shared by bonbon and use rsi or stochastic for an entry..

Thanks again VictusJogi for your help in explaining what to do! I really appreciate your help and patience. Thanks again!

 

[rlohmeyer]

I have followed this thread for awhile. Kudos to @BonBon for its creation. I am a very short-term scalper that focuses primarily on 1 minute price action in relation to Volume Profile, Support/Resistance Lines, and VWAP. I have adapted some of the code to give me signals on the chart during the day using both TEMA and Exponential, which after testing seems to support each other in relation to confirmation/warning etc.
Below are some screen shots from Fridays trade on a specific stock I trade. If interested I can post the code, however, just wanted to point out the code concepts can be very useful for different types of traders. Notice how clean the signals are and how the opposite signal can give you both an exit and re-entry the opposite way, EXCEPT IN THE FIRST 1/2 HOUR OF TRADING, which is too volatile.

 

[sunstar]

I have followed this thread for awhile. Kudos to @BonBon for its creation. I am a very short-term scalper that focuses primarily on 1 minute price action in relation to Volume Profile, Support/Resistance Lines, and VWAP. I have adapted some of the code to give me signals on the chart during the day using both TEMA and Exponential, which after testing seems to support each other in relation to confirmation/warning etc.
Below are some screen shots from Fridays trade on a specific stock I trade. If interested I can post the code, however, just wanted to point out the code concepts can be very useful for different types of traders. Notice how clean the signals are and how the opposite signal can give you both an exit and re-entry the opposite way, EXCEPT IN THE FIRST 1/2 HOUR OF TRADING, which is too volatile.

@rlohmeyer - it will be very helpful if you can share the code / tos link. Thank you much