Heikin_Ashi Indicator For ThinkOrSwim

[RickK]

So far so good @MasterSteve . Today I saw a good setup on /GC (after a double bottom) and took it. Cleared around $1200 in about 3 minutes (2 contracts) as I recall. That's amazing for me. Instead of following the formula as I stated earlier, I decided to not be greedy and took profits at VWAP. Basically, I chickened out. lol

 

[BonBon]

So far so good @MasterSteve . Today I saw a good setup on /GC (after a double bottom) and took it. Cleared around $1200 in about 3 minutes (2 contracts) as I recall. That's amazing for me. Instead of following the formula as I stated earlier, I decided to not be greedy and took profits at VWAP. Basically, I chickened out. lol

@RickK...nice!!! I know what you mean regarding chickening out. My pre scan, that I referenced in the thread, had SCKT at the top of the watchlist. I too chickened out with that trade and left over $10,000.00 on the table...but it was a very good day . Using the Heikin Ashi trend indicator with the MTF etc. and my trading plan has resulted in profits. The pullbacks (1, 2, 3 waves) were apparent but old habits can be my kryptonite. (when day trading or swing trading)

 

[MasterSteve]

So far so good @MasterSteve . Today I saw a good setup on /GC (after a double bottom) and took it. Cleared around $1200 in about 3 minutes (2 contracts) as I recall. That's amazing for me. Instead of following the formula as I stated earlier, I decided to not be greedy and took profits at VWAP. Basically, I chickened out. lol

Hey profit is profit! Great entry and nice job securing the bag!

 

[BonBon]

@BenTen @Ilya @alexR @dominos101 @D_Tramp @Ghs @hexis777 @freedom Traders @JoeSD @AspaTrader @germanburrito @floydddd @rad14733 @barbaros @RickK @guyonabuffalo @Branch @bpVoodoo

Please see below the updates for the chart, the Fibonacci , multi time frame etc. Once again thanks for your input as mentioned previously, my goal was to obtain feedback and support from members.
Part of my strategy is no the first page (#1) and my goal was to have a simple indicator on my trade that allowed for easier entry and exits. During the past months I have been tweaking, revising, abandoning and adopting some of the scripts that I used. At this time I am "satisfied" with my results but I know I will be constantly updating looking for "perfection"

Strategy -Day and Swing Trading
First 5 gappers on scan,( gappers scan, momentum scan, low float scan etc), Low Float – under 100m shares (if a stock has momentum will consider taking the trade if it is favorable), Stocks with a strong catalyst, Market Trend -Uptrend or Downtrend ( I don't short stocks as a rule but will do so depending on the market), utilize fibonacci retracement level (look for gappers to retrace 61.8%)

Entry - Heikin Signals – confirm with volume, catalysts, multiple time frame (main plot must reflect the trend of 3 or more time frames) RSI/Stoch/SVE, market cycle etc.
Exit - Heikin signal - confirm with SVE,Stoch, MTF etc.
Stop loss - just below the Heikin reverse signal, use trailing stop and stop loss.

Now that I have adopted this indicator to be used within my trading plan, I realize my technical and fundamental knowledge helps with assessing risk/rewards even though the Heikin Smoothing trend indicator does a pretty good job of ensuring trades are profitable. After using bollinger bands, TTM Squeeze, moving averages, VWAP, Supertrend, Trendpainter etc. my profit taking is more consistent with this indicator and using the abovementioned confirmations before entering and/or exiting a trade (utilizing alerts on the chart helps as well).

Disclaimer- this is how I use the HA_smoothing indicator within my trading plan. It works for me. Everyone needs to find what works for them. This indicator is not the holy grail but I have found that combined with fundamentals and technicals it can take away some indecisiveness and keep one in the trade longer. On the flip side it can get you out of a trade and decrease the risk.

The first chart shows the updated script with less signals. The signals are based on the swing high swing low script (see below.) As you can see I have been using the new MTF with 6 timeframes. However, only 3 of them are included in the results which are shown in the top plot. When 3 or more of the timeframes are in an bullish/green it is plotted on the top chart. Similarly, the red depicts bearish trend and black neutral.

Additionally, I combined the stochastic and the SVE_Stoc_RSi into one oscillator on the lower chart. This helps identify the 123 wave pullbacks, retracement etc.

This chart shows a longer swing and has less signals. It is based on the zig zag high low script which I adapted. I mostly use this for swing trading but it works great when day trading as well.

This is the 3rd reversal script that can be used. This is another swing high swing low script that I adapted. I have experimented with all of them and based on personal preferences you can make your selection.

This chart shows the HA smoothing indicator with the candles. I keep the candles as I prefer seeing the traditional movement. Eventually, having the HA smoothing indicator without the candles will become the norm. Furthermore, I am able to see the set up of the 123 wave during up or downtrends (this is also evident when using the HA smoothing indicator separately).

Here is the chart with the line instead of traditional candles.

This is my watchlist. It consists of the signals, the MTF top line which plots the trend (3 or more in a trend(bullish or bearish)), the relative volume, the SVE,Count (used to confirm the trend reversals) and the price change as of the market open. I also place which stocks can be shorted and those that cannot be shorted on my watchlist..(HTB/ETB). If markets are favorable for shorting I would do so but I seldom short stocks.

The fib lines are still a challenge. I moved the bubbles to the left and incorporated the coefficient and price together as I was not successful in shortening the lines. I am still awaiting members contribution in this area.

Here is the updated code for the chart. Some of the bubbles and the arrows have been turned off.

#BonBon - Heiken_Ashi based on Sylvan Verboort's Trading with HA Candlestick Oscillator
#Bon Bon _last update 2/1/2021, Jan 17th 2021,
#Influenced by script from HoboTheClown / blt,http://www.thinkscripter.com, TD Hacolt etc., Thinkscript Cloud, TOS & Thinkscript Collection
#update 1/2/21 - changed the default moving average to TEMA.  Changed the period to 35.
#update changed reversal arrows to reversal bubbles with price
#PLEASE DO NOT REMOVE THE HASHTAGS!!!! ONLY REMOVE THEM IF YOU PLAN ON USING THAT PARTICULAR SIGNAL. THERE ARE 3 DIFFERENT SIGNALS IN THE SCRIPT!!!!! IF YOU REMOVE ALL THE HASHTAGS YOU WILL HAVE NUMEROUS SIGNALS ON YOUR CHART!!!!!!!!!

input averagelength = 34;
input percentamount = .01;
input revAmount = .05;
input atrlength = 4;
input period = 50;
input hideCandles = no;
input show_bubble_labels = yes;
input bubbles = yes;
input arrows = yes;
input PaintBars = yes; #Update to add paintbars
input candleSmoothing = {default Valcu, Vervoort};

input movingAverageType = {default TEMA, Hull, Exponential};

def openMA;
def closeMA;
def highMA;
def lowMA;

switch (movingAverageType) {
case Exponential:
    openMA = CompoundValue(1, ExpAverage(open, period), open);
    closeMA = CompoundValue(1, ExpAverage(close, period), close);
    highMA = CompoundValue(1, ExpAverage(high, period), high);
    lowMA = CompoundValue(1, ExpAverage(low, period), low);
case Hull:
    openMA = CompoundValue(1, HullMovingAvg(open, period), open);
    closeMA = CompoundValue(1,  HullMovingAvg(close, period), close);
    highMA = CompoundValue(1,  HullMovingAvg(high, period), high);
    lowMA = CompoundValue(1,  HullMovingAvg(low, period), low);
case TEMA:
    openMA = CompoundValue(1, TEMA(open, period), open);
    closeMA = CompoundValue(1, TEMA(close, period), close);
    highMA = CompoundValue(1, TEMA(high, period), high);
    lowMA = CompoundValue(1, TEMA(low, period), low);
}

HidePricePlot(hideCandles);

def haOpen;
def haClose;

switch (candleSmoothing){
case Valcu:
    haOpen = CompoundValue(1, ( (haOpen[1] + (openMA[1] + highMA[1] + lowMA[1] + closeMA[1]) / 4.0) / 2.0), open);
    haClose = ((((openMA + highMA + lowMA + closeMA) / 4.0) + haOpen + Max(highMA, haOpen) + Min(lowMA, haOpen)) / 4.0);

case Vervoort:
    haOpen = CompoundValue(1, ( (haOpen[1] + (openMA[1] + highMA[1] + lowMA[1] + closeMA[1]) / 4.0 ) / 2.0), open);
    haClose = ((((openMA + highMA + lowMA + closeMA) / 4.0) + haOpen + Max(highMA, haOpen) + Min(lowMA, haOpen)) / 4.0);
}

plot o = haOpen ;
o.Hide();

def haLow =  Min(lowMA, haOpen);
def haHigh = Max(highMA, haOpen);
#############################################################################################

#Medium-term price reversals - upward trend

def avg = 34;
def TMA1 = reference TEMA(haClose, avg); # triple exponential moving average (TEMA) of 34 bars
def TMA2 =  reference TEMA(TMA1, avg);
def Diff = TMA1 - TMA2;
def ZlHa = TMA1 + Diff; #Zero-lagging TEMA average on closing prices - medium term uptrend; plot line magenta
#def shortCandle = BodyHeight() < (high - low) * candleSizeFactor; #code taken from HACOLT
#Medium-term price reversals - downward trend
def avg2 = 34;
def TMA1_ = reference TEMA((high + low) / 2, avg2);
def Diff2 = TMA1_ - TMA2;
def ZlCl = TMA1_ + Diff2; #Zero-lagging TEMA average on closing prices - medium term doenwardtrend ....plot line yellow;

def ZlDif = ZlCl - ZlHa; # Zero-Lag close - Zero-Lag HA(green candle) Uptrend when ZlDif is equal to or greater than zero

#AssignPriceColor(if haclose >= haopen
               # then Color.GREEN else
                # if haclose < haopen
                # then Color.RED else color.white);

#####################################################################################################
input charttype = ChartType.CANDLE;

def haopen_ = if haClose <= haOpen
              then haOpen + 0
              else Double.NaN;

def HAhi   = if haClose <= haOpen
              then haHigh
              else Double.NaN;

def HAlo =   if haClose <= haOpen
              then haLow
              else Double.NaN;

AddChart(growColor = Color.RED, neutralColor = Color.CURRENT, high = HAhi, low = HAlo, open = haopen_, close = haClose, type = ChartType.CANDLE);

def HAclose1 = ohlc4;
def HAopen1  = if haClose >= haOpen
               then CompoundValue(1, (haOpen[1] + haClose[1]) / 2, (open[1] + close[1]) / 2)    
               else Double.NaN;

def haopen_1 = if haOpen <= haClose
               then HAopen1 + 0  else Double.NaN;

def HAhigh1  = haHigh;
def HAlow1   = haLow;

AddChart(growColor = Color.GREEN, neutralColor = Color.CURRENT,  high = HAhigh1, low = HAlow1, open = haopen_1, close = haClose, type = ChartType.CANDLE);

#####################################################################################################
def trend = if haclose >= haopen then 1 else 0; # halow1[-50]
#plot trendup =  trend and !trend[1];
#trendup.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
#trendup.SetDefaultColor(Color.GREEN);
#trendup.SetLineWeight(5);

def Trendd =  if haclose < haopen then 1 else 0;
#plot trendDown = Trendd and !Trendd[1] ;
#trendDown.SetDefaultColor(Color.RED);
#trendDown.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
#trendDown.SetLineWeight(5);

#AddChartBubble(bubbles and trendup  and trendup , HAlow1, ("R$:"  + Round(HAlow1, 2)), Color.CYAN, no);
#AddChartBubble(bubbles and trendDown and trendDown , HAhi, ("R$:"  + Round(HAhi, 2)), Color.CYAN, yes);
########################################################################
End of HA_Smoothing Script

Signals
Original code by Taz43
#updated by BonBon 1/15/21 inccreased swing_back periods, changed "high and Low to Halow1 and Hahigh1".  Included price labels/bubbles.

def bubbles2 = yes;
input swing_back = 20;
input swing_forward = 34;
input swinglow_back = 20;
input swinglow_forward =34;
input maxbars = 50;
input showlevels = Yes;
def sb = swing_back;
def sf = swing_forward;
def sb2 = swinglow_back;
def sf2 = swinglow_forward;
def na = Double.NaN;

def Offset4 =  8; # high(period = "day")and low(period = "day" ) and close(period = "day" ) * 0.03;
def bubblelocation = bubbles2[offset4];

def lfor2 = Lowest(halow, sf2)[-sf2]; #Remember that a negative number inside the square brackets means "after" this bar. So, the above line is defining "lfor" as being the lowest value of the two bars after this bar.
def lback2 = Lowest(halow, sb2)[1]; #This line of code is defining "lback" as the lowest value of the eight bars before this one.

def swinglow2 = if halow < lfor2 and halow < lback2 then 1 else 0;
#Finally, this line is actually defining what a "swing low" is. It says, if the low of this bar is lower than the two bars after this one AND the low of this bar is also lower than or equal to the lowest of the previous eight bars, then this bar is a swing low. So, what that means is that in order to determine whether a point on the chart is either a swing high or a swing low, it must have eight bars before the bar in question, as well as, two bars after it. Looking at the picture above, it can be seen that point "A" is a "swing high" because it is higher than the 8 bars before it AND it is higher than the 2 bars after it. Likewise, point "C" is a "swing low" because it is lower than the 8 bars before it AND it is lower than the 2 bars after it. (I know it's a line chart, not a bar chart. smiling smiley Just work with me here.)

plot sl = if swinglow2 then halow else na;
#sl.SetPaintingStrategy(PaintingStrategy.POINTS);
sl.SetDefaultColor(Color.WHITE);
sl.SetLineWeight(5);

def hfor = Highest(hahigh, sf)[-sf];
def hback = Highest(hahigh, sb)[1];

def swinghigh2 = if hahigh > hfor  and hahigh > hback then 1 else 0;
plot sh = if swinghigh2 then hahigh else na ;
#sh.SetDefaultColor(Color.orange);
#sh.SetPaintingStrategy(PaintingStrategy.POINTS);
sh.SetLineWeight(5);

plot fh = if swinghigh2 then hahigh else na ;
fh.SetDefaultColor(Color.magenta);
#fh.SetPaintingStrategy(PaintingStrategy.booleaN_ARROW_DOWN);
fh.SetLineWeight(5);

plot fl = if swinglow2 then halo else na;
#fl.SetPaintingStrategy(PaintingStrategy.boolean_ARROW_UP);
fl.SetDefaultColor(Color.lime);
fl.SetLineWeight(5);

AddChartBubble(bubbles2 and fl and fl , HAlo, ("$:"  + Round(HAlo, 2)), Color.lime, no);
AddChartBubble(bubbles2 and fh and fh , HAhigh, ("$:"  + Round(HAhigh, 2)), Color.magenta, yes);
#######################################################################
Signals

###Ameritrade Thinkscript
#ZigZagHighLow High Low
#updated by BonBon 1/18/21 inccreased pivot lengths and  periods, changed "high and Low to Halow1 and Hahigh1".  Included price labels/bubbles.

def priceH = HAhigh1;
def priceL = HAlow1;
input atrreversal = 2.0;
def atr_atrreversal = atrreversal;
input tickReversal = 0;

#The minimum percentage of price change for a swing to be detected.
input percentageReversal = 5.0;
#Additional value in dollars that can be added to the minimum price change and  ATR change to increase the distance between swing points.                                   
input absoluteReversal = 0.0;
#The period for ATR calculation.
#input atrLength = 5;
#The factor by which the ATR value is multiplied.
#input atrReversal = 1.5;
#tick reversal- Additional value in ticks that can be added to the minimum price change and ATR change to increase the distance between swing points.
#input tickReversal = 0;

Assert(percentageReversal >= 0, "'percentage reversal' must not be negative: " + percentageReversal);
Assert(absoluteReversal >= 0, "'absolute reversal' must not be negative: " + absoluteReversal);
Assert(atrreversal >= 0, "'atr reversal' must not be negative: " + atrreversal);

Assert(percentageReversal != 0 or absoluteReversal != 0 or atrreversal != 0 or tickReversal != 0, "Either 'percentage reversal' or 'absolute reversal' or 'atr reversal' or 'tick reversal' must not be zero");

#Additional value in dollars that can be added to the minimum price change and  ATR change to increase the distance between swing points.                               
def absReversal;
if (absoluteReversal != 0) {
    absReversal = absoluteReversal;
} else {
    absReversal =  tickReversal * TickSize();
}

def hlPivot;
if (atrreversal != 0) {
    hlPivot = percentageReversal / 300 + WildersAverage(TrueRange(haHigh, haClose, haLow), atrlength) / haClose * atrreversal;
} else {
    hlPivot = percentageReversal / 300;
}
def state = {default init, undefined, uptrend, downtrend};
def maxPriceH;
def minPriceL;
def newMax;
def newMin;
def prevMaxH = GetValue(maxPriceH, 1);
def prevMinL = GetValue(minPriceL, 1);

if GetValue(state, 1) == GetValue(state.init, 0) {
    maxPriceH = priceH;
    minPriceL = priceL;
    newMax = yes;
    newMin = yes;
    state = state.undefined;
} else if GetValue(state, 1) == GetValue(state.undefined, 0) {
    if priceH >= prevMaxH {
        state = state.uptrend;
        maxPriceH = priceH;
        minPriceL = prevMinL;
        newMax = yes;
        newMin = no;
    } else if priceL <= prevMinL {
        state = state.downtrend;
        maxPriceH = prevMaxH;
        minPriceL = priceL;
        newMax = no;
        newMin = yes;
    } else {
        state = state.undefined;
        maxPriceH = prevMaxH;
        minPriceL = prevMinL;
        newMax = no;
        newMin = no;
    }
} else if GetValue(state, 1) == GetValue(state.uptrend, 0) {
    if priceL <= prevMaxH - prevMaxH * hlPivot - absReversal {
        state = state.downtrend;
        maxPriceH = prevMaxH;
        minPriceL = priceL;
        newMax = no;
        newMin = yes;
    } else {
        state = state.uptrend;
        if (priceH >= prevMaxH) {
            maxPriceH = priceH;
            newMax = yes;
        } else {
            maxPriceH = prevMaxH;
            newMax = no;
        }
        minPriceL = prevMinL;
        newMin = no;
    }
} else {
    if priceH >= prevMinL + prevMinL * hlPivot + absReversal {
        state = state.uptrend;
        maxPriceH = priceH;
        minPriceL = prevMinL;
        newMax = yes;
        newMin = no;
    } else {
        state = state.downtrend;
        maxPriceH = prevMaxH;
        newMax = no;
        if (priceL <= prevMinL) {
            minPriceL = priceL;
            newMin = yes;
        } else {
            minPriceL = prevMinL;
            newMin = no;
        }
    }
}

def barNumber = BarNumber();
def barCount = HighestAll(If(IsNaN(priceH), 0, barNumber));
def newState = GetValue(state, 0) != GetValue(state, 1);
def offset = barCount - barNumber + 1;
def highPoint = state == state.uptrend and priceH == maxPriceH;
def lowPoint = state == state.downtrend and priceL == minPriceL;

plot lastH;
if highPoint and offset > 1 {
    lastH = fold iH = 1 to offset with tH = priceH while !IsNaN(tH) and !GetValue(newState, -iH) do if GetValue(newMax, -iH) or iH == offset - 1 and GetValue(priceH, -iH) == tH then Double.NaN else tH;
} else {
    lastH = Double.NaN;
}

plot lastL;
if lowPoint and offset > 1 {
    lastL = fold iL = 1 to offset with tL = priceL while !IsNaN(tL) and !GetValue(newState, -iL) do if GetValue(newMin, -iL) or iL == offset - 1 and GetValue(priceL, -iL) == tL then Double.NaN else tL;
} else {
    lastL = Double.NaN;
}
#Zig Zag Line
#def HA;
#if barNumber == 1 {
   # HA = fold iF = 1 to offset with tP = Double.NaN while IsNaN(tP) do if GetValue(state, -iF) == #GetValue(state.uptrend, 0) then priceL else if GetValue(state, -iF) == GetValue(state.downtrend, 0) #then priceH else Double.NaN;
#} else if barNumber == barCount {
  #  HA = if highPoint or state == state.downtrend and priceL > minPriceL then priceH else if lowPoint #or state == state.uptrend and priceH < maxPriceH then priceL else Double.NaN;
#} else {
   # HA = if !IsNaN(lastH) then lastH else if !IsNaN(lastL) then lastL else Double.NaN;
#}
#HA.SetDefaultColor(GetColor(1));
#HA.EnableApproximation();

#plots up and down arrows
#lasth.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
#lasth.SetDefaultColor(Color.yellow);
#lasth.SetLineWeight(5);

#lastl.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
#lastl.SetDefaultColor(Color.yellow);
#lastl.SetLineWeight(5);

#AddChartBubble(bubbles and lastL and lastL, HAlow1, ("$:"  + Round(HAlow1, 2)), Color.YELLOW, no);
#AddChartBubble(bubbles and lastH and lastH, HAhigh1, ("$:"  + Round(HAhigh1, 2)), Color.YELLOW, yes);
####################################################################################
Signals

#Thinkscript cloud - Mobius/Robert Payne
#updated BonBon 1/26/2021 - changed the default settings for the swinglows.  Also changed to incorporate the HA Smoothing charttype settings.

#Here is the script for swing high and swing low. Swing high is marked by red arrow and swing low by green arrow. You can change it to dots by changing boolean_arrow_down to points. You can change the size by changing setlineweight to 2,3,4, or 5. The default setting to determine swing high/low is 3 candles but you can change that in edit properties.

input HA_swinglow = 45;
input HA_swinghigh = 45;

# define and plot the most recent high

def HA_trend = hahigh1 >= Highest(hahigh1[1],HA_swinghigh) and hahigh1 >= Highest(hahigh1[- HA_swinghigh], HA_swinghigh);
def HA_signal1 = if BarNumber() < HA_swinghigh then Double.NaN else if HA_trend then hahigh1 else Double.NaN;
plot HATrend = HA_signal1;
        #HATrend.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
        HATrend.SetDefaultColor(Color.DOWNTICK);
       HATrend.SetLineWeight(5);

# define and plot the most recent low

def HA_trend2 = halow1 <= Lowest(halow1[1],  HA_swinglow) and halow1 <= Lowest(halow1[-  HA_swinglow],  HA_swinglow);
def HA_signal2 = if BarNumber() <  HA_swinglow then Double.NaN else if HA_trend2 then halow1 else Double.NaN;
plot HATrend2 = HA_signal2;
      # HATrend2.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
       # HATrend2.SetDefaultColor(Color.UPTICK);
       # HATrend2.SetLineWeight(5);

#AddChartBubble(bubbles and HATrend2 and HATrend2, HAlow1, ("$:"  + Round(HAlow1, 2)), Color.lime, no);
#AddChartBubble(bubbles and HATrend and HATrend, HAhigh1, ("$:"  + Round(HAhigh1, 2)), Color.magenta, yes);

#End code
#################################################

Multi-Time Frame Script for the lower chart

# Multi time-frame Heikin
#BonBon 1/29/21
#  Four hours and Day MTF not included in the top plot. Three or more of the indicators must be green or red to plot.


declare lower;

input UsePeriod5 = AggregationPeriod.FIVE_MIN;
input UsePeriod15 = AggregationPeriod.FIFTEEN_MIN;
input UsePeriod30 = AggregationPeriod.thirty_MIN;
input UsePeriod60 = AggregationPeriod. HOUR;
input UsePeriod4hr = AggregationPeriod. FOUR_HOURS;
input UsePeriodday = AggregationPeriod.DAY;

input  Con_Cri = 3;

input Main_Heikin_Plot = Yes;


#Timeframe1 5 min

def aOpen5 = open(period = UsePeriod5);
def aClose5 = close(period = UsePeriod5);
def aHigh5 = high(period = UsePeriod5);
def aLow5 = low(period = UsePeriod5);

def haClose5 = (aOpen5 + aClose5 + aHigh5 + aLow5) / 4;
def haOpen5 = (haOpen5[1] + haClose5[1]) / 2;

def trend5 = if haClose5 >= haOpen5 then 1 else if haClose5[1] < haOpen5[1] then -1 else 0;
plot HA_Up5 = if IsNaN(UsePeriod5) then Double.NaN else 6;
HA_Up5.SetPaintingStrategy(PaintingStrategy.POINTS);#SetStyle(curve.Points);
HA_Up5.AssignValueColor(if haClose5 >= haOpen5 then Color.GREEN else if haClose5[1] < haOpen5[1] then Color.RED else Color.CURRENT);
HA_Up5.SetLineWeight(4);
############################################

#Timeframe2 15 mins

def aOpen15 = open(period = UsePeriod15);
def aClose15 = close(period = UsePeriod15);
def aHigh15 = high(period = UsePeriod15);
def aLow15 = low(period = UsePeriod15);

def haClose15 = (aOpen15 + aClose15 + aHigh15 + aLow15) / 4;
def haOpen15 = (haOpen15[1] + haClose15[1]) / 2;


def trend15 = if haClose15 >= haOpen15 then 1 else if haClose15[1] < haOpen15[1] then -1 else 0;
plot HA_Up15 = if IsNaN(UsePeriod15) then Double.NaN else 5;
#plot HA_Up15 = if haClose15 >= haOpen15 then 1 else 0;
HA_Up15.SetPaintingStrategy(PaintingStrategy.Points);#SetStyle(Curve.POINTS);
HA_Up15.AssignValueColor(if haClose15 >= haOpen15 then Color.GREEN else if haClose15 [1]< haOpen15[1] then Color.RED else Color.CURRENT);
HA_Up15.SetLineWeight(4);
#######################################

#Timeframe3  30 mins

def aOpen30 = open(period = UsePeriod30);
def aClose30 = close(period = UsePeriod30);
def aHigh30 = high(period = UsePeriod30);
def aLow30 = low(period = UsePeriod30);

def haClose30 = (aOpen30 + aClose30 + aHigh30 + aLow30) / 4;
def haOpen30 = (haOpen30[1] + haClose30[1]) / 2;


def trend30 = if haClose30 >= haOpen30 then 1 else if haClose30[1] < haOpen30[1] then -1 else 0;
plot HA_Up30 = if IsNaN(UsePeriod30) then Double.NaN else 4;
#plot HA_Up60 = if haClose60 >= haOpen60 then 1 else 0;
HA_Up30.SetPaintingStrategy(PaintingStrategy.Points);#SetStyle(Curve.POINTS);
HA_Up30.AssignValueColor(if haClose30 >= haOpen30 then Color.GREEN else if haClose30[1] < haOpen30[1] then Color.RED else Color.CURRENT);
HA_Up30.SetLineWeight(4);

################################
#Timeframe4  60mins

def aOpen60 = open(period = UsePeriod60);
def aClose60 = close(period = UsePeriod60);
def aHigh60 = high(period = UsePeriod60);
def aLow60 = low(period = UsePeriod60);

def haClose60 = (aOpen60 + aClose60 + aHigh60 + aLow60) / 4;
def haOpen60 = (haOpen60[1] + haClose60[1]) / 2;

def trend60 = if haClose60 >= haOpen60 then 1 else if haClose60[1] < haOpen60[1] then -1 else 0;
plot HA_Up60 = if IsNaN(UsePeriod60) then Double.NaN else 3;
#plot HA_Up60 = if haClose60 >= haOpen60 then 1 else 0;
HA_Up60.SetPaintingStrategy(PaintingStrategy.Points);#SetStyle(Curve.POINTS);
HA_Up60.AssignValueColor(if haClose60 >= haOpen60 then Color.GREEN else if haClose60[1] < haOpen60[1] then Color.RED else Color.CURRENT);
HA_Up60.SetLineWeight(4);

##################################
#Timeframe5 4hrs

def aOpen4hr = open(period = UsePeriod4hr);
def aClose4hr = close(period = UsePeriod4hr);
def aHigh4hr = high(period = UsePeriod4hr);
def aLow4hr = low(period = UsePeriod4hr);

def haClose4hr = (aOpen4hr + aClose4hr + aHigh4hr + aLow4hr) / 4;
def haOpen4hr = (haOpen4hr[1] + haClose4hr[1]) / 2;

def trend4hr = if haClose4hr >= haOpen4hr then 1 else if haClose4hr < haOpen4hr then -1 else 0;
plot HA_Up4hr = if IsNaN(UsePeriod4hr) then Double.NaN else 2;
#plot HA_Up60 = if haClose60 >= haOpen60 then 1 else 0;
HA_Up4hr.SetPaintingStrategy(PaintingStrategy.Points);#SetStyle(Curve.POINTS);
HA_Up4hr.AssignValueColor(if haClose4hr >= haOpen4hr then Color.GREEN else if haClose4hr[1] < haOpen4hr[1] then Color.RED else Color.CURRENT);
HA_Up4hr.SetLineWeight(4);
#######################################

#Timeframe6 Day

def aOpenday = open(period = UsePeriodday);
def aCloseday = close(period = UsePeriodday);
def aHighday = high(period = UsePeriodday);
def aLowday = low(period = UsePeriodday);

def haCloseday = (aOpenday + aCloseday + aHighday + aLowday) / 4;
def haOpenday = (haOpenday[1] + haCloseday[1]) / 2;

def trendday = if haCloseday >= haOpenday then 1 else if haCloseday [1] < haOpenday[1] then -1 else 0;
plot HA_Upday = if IsNaN(UsePeriodday) then Double.NaN else 1;
#plot HA_Up60 = if haClose60 >= haOpen60 then 1 else 0;
HA_Upday.SetPaintingStrategy(PaintingStrategy.Points);#SetStyle(Curve.POINTS);
HA_Upday.AssignValueColor(if haCloseday >= haOpenday then Color.GREEN else if haCloseday[1] < haOpenday[1] then Color.RED else Color.CURRENT);
HA_Upday.SetLineWeight(4);

####################################
#def Trend1 = if haClose5 >= haOpen5 then 1 else if haClose5[1] < haOpen5[1] then -1 else 0;
#def Trend2 = if haClose15 >= haOpen15 then 1 else if haClose15[1] < haOpen15[1] then -1 else 0;
#def Trend3 = if haClose60 >= haOpen60 then 1 else if haClose60[1] < haOpen60[1] then -1 else 0;
#def Trend4 = if haClose4hr >= haOpen4hr then 1 else if haClose4hr[1] < haOpen4hr[1] then -1 else 0;
#def Trend5_ = if  haCloseday >= haOpenday then 1 else if haCloseday[1] < haOpenday[1] then -1 else 0;

#Down Trend
#def Trend1a = if haClose5 < haOpen5 then 1 else if haClose5[1] >= haOpen5[1] then -1 else 0;
#def Trend2b = if haClose15 < haOpen15 then 1 else if haClose15[1] >= haOpen15[1] then -1 else 0;
#def Trend3c = if haClose60 < haOpen60  then 1 else if haClose60[1]>= haOpen60[1] then -1 else 0;
#def Trend4d = if haClose4hr < haOpen4hr then 1 else if haClose4hr[1] >= haOpen4hr[1] then -1 else 0;
#def Trend5e = if  haCloseday < haOpenday  then 1 else if haCloseday[1] >= haOpenday[1] then -1 else 0;

#Up Trend
def Trend1 = if haClose5 >= haOpen5 then 1 else if haClose5[1] < haOpen5[1] then -1 else 0;
def Trend2 = if haClose15 >= haOpen15 then 1 else if haClose15[1] < haOpen15[1] then -1 else 0;
def Trend3 = if haClose30>= haOpen30 then 1 else if haClose30[1] < haOpen30[1] then -1 else 0;
def Trend4 = if haClose60 >= haOpen60 then 1 else if haClose60[1] < haOpen60[1] then -1 else 0;
def Trend5_ = if haClose4hr >= haOpen4hr then 1 else if haClose4hr[1] < haOpen4hr[1] then -1 else 0;
def Trend6 = if  haCloseday >= haOpenday then 1 else if haCloseday[1] < haOpenday[1] then -1 else 0;

#Down Trend
def Trend1a = if haClose5 < haOpen5 then 1 else if haClose5[1] >= haOpen5[1] then -1 else 0;
def Trend2b = if haClose15 < haOpen15 then 1 else if haClose15[1] >= haOpen15[1] then -1 else 0;
def Trend3c = if haClose30 < haOpen30 then 1 else if haClose30[1] >= haOpen30[1] then -1 else 0;
def Trend4d = if haClose60 < haOpen60  then 1 else if haClose60[1] >= haOpen60[1] then -1 else 0;
def Trend5e= if haClose4hr < haOpen4hr then 1 else if haClose4hr[1] >= haOpen4hr[1] then -1 else 0;
def Trend6f = if  haCloseday < haOpenday  then 1 else if haCloseday[1] >= haOpenday[1] then -1 else 0;

#plot MTF_TREND = 6;
#MTF_TREND.SetPaintingStrategy(PaintingStrategy.Points);
#MTF_TREND.SetLineWeight(lineWeight = 3);
#MTF_TREND.DefineColor("Buy", GetColor(5));
#MTF_TREND.DefineColor("Sell", GetColor(6));
#MTF_TREND.AssignValueColor(if (Trend1 + Trend2 + Trend3 + Trend4 + Trend5_) >= 3 then Color.GREEN else Color.RED);

#MTF_TREND.AssignValueColor(if PaintBars is false and (Trend1 + Trend2 + Trend3 + Trend4 + Trend5_) >= 3 #then Color.GREEN else if PaintBars is false and (Trend1 + Trend2 + Trend3 + Trend4 + Trend5_) < 3 then #Color. RED else Color.CURRENT);

def HA_MTF_TrendUP = (Trend1 + Trend2 + Trend3 + Trend4) >=  Con_Cri ;
def HA_MTF_TrendDN = (Trend1a + Trend2b + Trend3c + Trend4d) >=  Con_Cri;

plot Main_Heikin = 7;
Main_Heikin.SetPaintingStrategy(PaintingStrategy.POINTS);
Main_Heikin.AssignValueColor(if HA_MTF_TrendUP == 1 then Color.Green else if HA_MTF_TrendDN == 1 then color.red else Color.Black);
Main_Heikin.SetLineWeight(4);

#End code
#######################################################

 

[BonBon]

@Joseph Patrick 18 ...thank you!!! FYI to everyone. I turned those off after making some changes. Those script with the hashtag I am no longer and/or interchanging based on swing/day trading. Copying and pasting in the wee hours of the morning as well as trying to clean up my code does not go together .

 

[BonBon]

@Joseph Patrick 18 ..some of those hashtags were deliberate.

Anyone who will be utilizing the code please see some changes below (I have made the changes in my original code) .

"def Trendd = if haOpen < haopen then 1 else 0;" should be .. "def Trendd = if haclose < haopen then 1 else 0;

PLEASE DO NOT REMOVE THE HASHTAGS!!!! ONLY REMOVE THEM IF YOU PLAN ON USING THAT PARTICULAR SIGNAL. THERE ARE 3 DIFFERENT SIGNALS IN THE SCRIPT!!!!! IF YOU REMOVE ALL THE HASHTAGS YOU WILL HAVE NUMEROUS SIGNALS ON YOUR CHART!!!!!!!!!

 

[floydddd]

wonderful. spectacular. can't wait to investigate. thanks!

 

[Joseph Patrick 18]

@Joseph Patrick 18 ..some of those hashtags were deliberate.

Anyone who will be utilizing the code please see some changes below (I have made the changes in my original code) .

"def Trendd = if haOpen < haopen then 1 else 0;" should be .. "def Trendd = if haclose < haopen then 1 else 0;

PLEASE DO NOT REMOVE THE HASHTAGS!!!! ONLY REMOVE THEM IF YOU PLAN ON USING THAT PARTICULAR SIGNAL. THERE ARE 3 DIFFERENT SIGNALS IN THE SCRIPT!!!!! IF YOU REMOVE ALL THE HASHTAGS YOU WILL HAVE NUMEROUS SIGNALS ON YOUR CHART!!!!!!!!!

Hi BonBon, I just added #'s because of errors showing up. Which script is the updated correct one? The one at post #1 or the #134? Also will this script do the top and bottom indicators like shown in your images? Only reason why I am asking is that it shows as a lower study. I am not getting the HA smoothing on the upper study at all and the lower study on say 15M TF it shows the smoothed HA with no regular MTF lower study and say on a 5M TF it shows your MTF lower study but it is compressed even tho I have "fit studies enabled"? Thanks

https://imgur.com/XyM99mJ

https://imgur.com/6VYF9vi

 

[BonBon]

Hi BonBon, I just added #'s because of errors showing up. Which script is the updated correct one? The one at post #1 or the #134? Also will this script do the top and bottom indicators like shown in your images? Only reason why I am asking is that it shows as a lower study. I am not getting the HA smoothing on the upper study at all and the lower study on say 15M TF it shows the smoothed HA with no regular MTF lower study and say on a 5M TF it shows your MTF lower study but it is compressed even tho I have "fit studies enabled"? Thanks

There are no errors on my end. I am currently at this moment trading with the script. The top and bottom looks exactly the same as my pic. Please look at your settings to determine the error. Please see below my current chart that I am using to trade. Same script that I sent. The "declare lower" assignment plots the MTF on the lower chart. Let me know if assistance is needed.

https%3A//i.imgur.com/Ex9d1EK.jpg[/img]']

 

[BonBon]

@Joseph Patrick 18 ....Here is another that I traded in the pre-market. Its the same code but I used two signals to further time my entry. This chart is not showing the MTF as I use 2 monitors with split charts on one of the monitor. The MTF shows on the other monitor screen. Its the same script that I posted(minus the RSI oscillator).

https%3A//i.imgur.com/irDNaLU.jpg[/img]']

 

[Joseph Patrick 18]

@Joseph Patrick 18 ....Here is another that I traded in the pre-market. Its the same code but I used two signals to further time my entry. This chart is not showing the MTF as I use 2 monitors with split charts on one of the monitor. The MTF shows on the other monitor screen. Its the same script that I posted(minus the RSI oscillator).

https%3A//i.imgur.com/irDNaLU.jpg[/img]']

Hi, so the only script that you are using for both these photo's are the single script in post #134? Thanks and sorry to bother

 

[BonBon]

Hi BonBon, I just added #'s because of errors showing up. Which script is the updated correct one? The one at post #1 or the #134? Also will this script do the top and bottom indicators like shown in your images? Only reason why I am asking is that it shows as a lower study. I am not getting the HA smoothing on the upper study at all and the lower study on say 15M TF it shows the smoothed HA with no regular MTF lower study and say on a 5M TF it shows your MTF lower study but it is compressed even tho I have "fit studies enabled"? Thanks

https://imgur.com/XyM99mJ

https://imgur.com/6VYF9vi

When using the original code are you seeing the same output??????? Did you change the sequence of the script?????? As you can see from my previous post our charts are entirely different. Can you send me a screenshot of your chart settings??

 

[floydddd]

i couldn't get the original code to show the MTF on lower, so i just copied it from the code and made it a new lower study, then deselected the plots in the upper study. hope that makes sense.

 

[BonBon]

Hi, so the only script that you are using for both these photo's are the single script in post #134? Thanks and sorry to bother

Yes... its the same script from #134. Its no bother....... as a Dr. (Ph.D) and educator, research, problem-solving and knowing that different perspectives, levels of understanding etc is unique to us as individuals ..... By all means ask questions to ensure you understand how to install the chart correctly. It defeats our purpose (mine, yours and other members) if installation issues and potentials pitfalls are apparent and we do not address them.

Another option is to make two studies. One for the upper chart and the other for the lower chart. The MTF script begins the lower chart. Let me know if this works. If it does then this solution can be utilized by other members.

 

[BonBon]

i couldn't get the original code to show the MTF on lower, so i just copied it from the code and made it a new lower study, then deselected the plots in the upper study. hope that makes sense.

@floydddd .... nice!!!!! great minds think alike!!!!! I just suggested this to @Joseph Patrick 18 . I find it interesting that the chart is not appearing on our TOS in the same manner as mine.

 

[floydddd]

yes it is strange. perhaps if you used Share the Chart, sharing everything on the chart, and posted the link it'd put everyone on the same page.

 

[Joseph Patrick 18]

When using the original code are you seeing the same output??????? Did you change the sequence of the script?????? As you can see from my previous post our charts are entirely different. Can you send me a screenshot of your chart settings??

@floydddd .... nice!!!!! great minds think alike!!!!! I just suggested this to @Joseph Patrick 18 . I find it interesting that the chart is not appearing on our TOS in the same manner as mine.

Hi BonBon Ok I did what you and Floyddd suggested. I just split the script in post #134 in 2. The upper study was from the MTF (not including) all the way up, and the lower study was from the MTF all the way down not including anything above the MTF.

https://imgur.com/DrdFSgO

Thanks appreciate taking the time out to help me

 

[Joseph Patrick 18]

yes it is strange. perhaps if you used Share the Chart, sharing everything on the chart, and posted the link it'd put everyone on the same page.

Thanks Floyddd also for your help.

 

[Joseph Patrick 18]

Yes... its the same script from #134. Its no bother....... as a Dr. (Ph.D) and educator, research, problem-solving and knowing that different perspectives, levels of understanding etc is unique to us as individuals ..... By all means ask questions to ensure you understand how to install the chart correctly. It defeats our purpose (mine, yours and other members) if installation issues and potentials pitfalls are apparent and we do not address them.

Another option is to make two studies. One for the upper chart and the other for the lower chart. The MTF script begins the lower chart. Let me know if this works. If it does then this solution can be utilized by other members.

Hi, when you say there are 3 different signals, in order to use them I would remove #...are the three, #plot trendup, #plot trenddown and the #zig zag line? Sorry it's just that I am slowly learning, little by little. Thanks

 

[BonBon]

Hi BonBon Ok I did what you and Floyddd suggested. I just split the script in post #134 in 2. The upper study was from the MTF (not including) all the way up, and the lower study was from the MTF all the way down not including anything above the MTF.

https://imgur.com/DrdFSgO

Thanks appreciate taking the time out to help me

Excellent!!!!! You are seeing the yellow, pink colors to the right of the MTF because you increased your "chart expansion" size. If you decrease your expansion size (based on your preference) it will show red or green only and/or only a minimal yellow pink green etc.