Help drawing straight lines automatically For ThinkOrSwim

[Learnbot]

@generic Works perfectly! thank you really appreciate it

 

[Learnbot]

I like the script.

I am trying to think how to make it better lol

Glad to hear that! Please feel free to suggest optimizing ideas, I’m not an expert coder but will do what I can. Tesla worked out well today.

 

[nitrous]

Glad to hear that! Please feel free to suggest optimizing ideas, I’m not an expert coder but will do what I can. Tesla worked out well today.

Can you code the bounce lol

 

[nitrous]

Glad to hear that! Please feel free to suggest optimizing ideas, I’m not an expert coder but will do what I can. Tesla worked out well today.

So are you using the new 3/15/1HR script to draw your zones? And leaving the new general script on all the time on your timeframe ?

 

[Learnbot]

So are you using the new 3/15/1HR script to draw your zones? And leaving the new general script on all the time on your timeframe ?

I would love to code the bounce because that is exactly what i m having difficulty figuring out lol I am in process of figuring out how to spot a "real" bounce vs fake outs but no luck so far. @Kaydee can educate us as to what he/she considers a potential bounce move.


To answer your second question, i have made little changes to my process. Now i use 15min, 1hour and 4hour codes and use the time frame of 5 day 1 min because that shows some zones that otherwise would not have been plotted in 2day 1 min or 1 day 1min.

TSLA today:

NVDA Today:

 

[Learnbot]

Just incase if you want to use the 4 Hour aggregation just change the 15 min code to

aggregationPeriod.Four_hours;

or whatever time frame you want just change that in the code and rest will update automatically.

change this line:

def agg = aggregationPeriod.FIFTEEN_MIN;

 

[nitrous]

I would love to code the bounce because that is exactly what i m having difficulty figuring out lol I am in process of figuring out how to spot a "real" bounce vs fake outs but no luck so far. @Kaydee can educate us as to what he/she considers a potential bounce move.


To answer your second question, i have made little changes to my process. Now i use 15min, 1hour and 4hour codes and use the time frame of 5 day 1 min because that shows some zones that otherwise would not have been plotted in 2day 1 min or 1 day 1min.

TSLA today:

NVDA Today:

Mind posting the code for 4 hour?
I have the code for 15/1HR.

There is a study for Vwap bounce, not sure if that can help in anyways

https://usethinkscript.com/threads/vwap-retest-indicator-for-thinkorswim.5214/post-51451

Possible other suggestions:

To save you from drawing zone manually, may you could color the cloud as follows:
15 mins zone=grey
1hour zone = green
4hour zone = red

Or whatever color combo might be visible on the eyes and chart.

 

[Learnbot]

Mind posting the code for 4 hour?
I have the code for 15/1HR.

There is a study for Vwap bounce, not sure if that can help in anyways

https://usethinkscript.com/threads/vwap-retest-indicator-for-thinkorswim.5214/post-51451

Possible other suggestions:

To save you from drawing zone manually, may you could color the cloud as follows:
15 mins zone=grey
1hour zone = green
4hour zone = red

Or whatever color combo might be visible on the eyes and chart.

We think alike, i changed the colors a couple of days ago lol Just change "addcloud" to change colors of your liking.

15 Min: Cyan and Pink:

#Engulfing Sup/Dem 15 min
#
# TD Ameritrade IP Company, Inc. (c) 2011-2020
#
#wizard plots
#wizard text: Inputs: length:
#wizard input: length
#wizard text: trend setup:
#wizard input: trendSetup

input length = 20;
input trendSetup = 3;

def agg = aggregationPeriod.FIFTEEN_MIN;

def open = open(period = agg);
def high = high(period = agg);
def low = low(period = agg);
def close = close(period = agg);

def nan = Double.NaN;
def BodyMax = Max(open, close);
def BodyMin = Min(open, close);
def IsEngulfing = BodyMax > BodyMax[1] and
    BodyMin < BodyMin[1];
def IsWhite = open < close;
def IsBlack = open > close;
def IsPrevDoji = IsDoji(length)[1];

plot Bearish = IsAscending(close, trendSetup)[1] and
    (IsWhite[1] or IsPrevDoji) and
    IsBlack and
    IsEngulfing;

plot Bullish = IsDescending(close, trendSetup)[1] and
    (IsBlack[1] or IsPrevDoji) and
    IsWhite and
    IsEngulfing;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(1));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(2));
Bullish.SetLineWeight(2);

def bu_high = if bullish then high[1] else bu_high[1];
def bu_low = if bullish then close[1] else bu_low[1];
def be_high = if bearish then high[1] else be_high[1];
def be_low = if bearish then open[1] else be_low[1];

def buhh = if IsNaN(close()) then buhh[1] else bu_high;
def bull = if IsNaN(close()) then bull[1] else bu_low;
def behh = if IsNaN(close()) then behh[1] else be_high;
def bell = if IsNaN(close()) then bell[1] else be_low;

plot bu_hh = buhh;
plot bu_ll = bull;
plot be_hh = behh;
plot be_ll = bell;

bu_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_hh.SetDefaultColor(Color.cyan);
bu_ll.SetDefaultColor(Color.cyan);
be_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_hh.SetDefaultColor(Color.pink);
be_ll.SetDefaultColor(Color.pink);


AddCloud(bu_hh, bu_ll, Color.cyan, Color.cyan);
AddCloud(be_hh,Be_ll, Color.pink, Color.PINK);

1HR: Yellow and Red

#Engulfing Sup/Dem 1hr
#
# TD Ameritrade IP Company, Inc. (c) 2011-2020
#
#wizard plots
#wizard text: Inputs: length:
#wizard input: length
#wizard text: trend setup:
#wizard input: trendSetup

input length = 20;
input trendSetup = 3;

def agg = aggregationPeriod.hour;

def open = open(period = agg);
def high = high(period = agg);
def low = low(period = agg);
def close = close(period = agg);

def nan = Double.NaN;
def BodyMax = Max(open, close);
def BodyMin = Min(open, close);
def IsEngulfing = BodyMax > BodyMax[1] and
    BodyMin < BodyMin[1];
def IsWhite = open < close;
def IsBlack = open > close;
def IsPrevDoji = IsDoji(length)[1];

plot Bearish = IsAscending(close, trendSetup)[1] and
    (IsWhite[1] or IsPrevDoji) and
    IsBlack and
    IsEngulfing;

plot Bullish = IsDescending(close, trendSetup)[1] and
    (IsBlack[1] or IsPrevDoji) and
    IsWhite and
    IsEngulfing;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(1));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(2));
Bullish.SetLineWeight(2);

def bu_high = if bullish then high[1] else bu_high[1];
def bu_low = if bullish then close[1] else bu_low[1];
def be_high = if bearish then high[1] else be_high[1];
def be_low = if bearish then open[1] else be_low[1];

def buhh = if IsNaN(close()) then buhh[1] else bu_high;
def bull = if IsNaN(close()) then bull[1] else bu_low;
def behh = if IsNaN(close()) then behh[1] else be_high;
def bell = if IsNaN(close()) then bell[1] else be_low;

plot bu_hh = buhh;
plot bu_ll = bull;
plot be_hh = behh;
plot be_ll = bell;

bu_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_hh.SetDefaultColor(Color.yellow);
bu_ll.SetDefaultColor(Color.yellow);
be_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_hh.SetDefaultColor(Color.red);
be_ll.SetDefaultColor(Color.red);


AddCloud(bu_hh, bu_ll, Color.yellow, Color.yellow);
AddCloud(be_hh,Be_ll, Color.red, Color.red);

4HR: Orange and Blue

#Engulfing Sup/Dem 4hr
#
# TD Ameritrade IP Company, Inc. (c) 2011-2020
#
#wizard plots
#wizard text: Inputs: length:
#wizard input: length
#wizard text: trend setup:
#wizard input: trendSetup

input length = 20;
input trendSetup = 3;

def agg = aggregationPeriod.Four_hours;

def open = open(period = agg);
def high = high(period = agg);
def low = low(period = agg);
def close = close(period = agg);

def nan = Double.NaN;
def BodyMax = Max(open, close);
def BodyMin = Min(open, close);
def IsEngulfing = BodyMax > BodyMax[1] and
    BodyMin < BodyMin[1];
def IsWhite = open < close;
def IsBlack = open > close;
def IsPrevDoji = IsDoji(length)[1];

plot Bearish = IsAscending(close, trendSetup)[1] and
    (IsWhite[1] or IsPrevDoji) and
    IsBlack and
    IsEngulfing;

plot Bullish = IsDescending(close, trendSetup)[1] and
    (IsBlack[1] or IsPrevDoji) and
    IsWhite and
    IsEngulfing;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(1));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(2));
Bullish.SetLineWeight(2);

def bu_high = if bullish then high[1] else bu_high[1];
def bu_low = if bullish then close[1] else bu_low[1];
def be_high = if bearish then high[1] else be_high[1];
def be_low = if bearish then open[1] else be_low[1];

def buhh = if IsNaN(close()) then buhh[1] else bu_high;
def bull = if IsNaN(close()) then bull[1] else bu_low;
def behh = if IsNaN(close()) then behh[1] else be_high;
def bell = if IsNaN(close()) then bell[1] else be_low;

plot bu_hh = buhh;
plot bu_ll = bull;
plot be_hh = behh;
plot be_ll = bell;

bu_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
bu_hh.SetDefaultColor(Color.orange);
bu_ll.SetDefaultColor(Color.orange);
be_hh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_ll.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
be_hh.SetDefaultColor(Color.blue);
be_ll.SetDefaultColor(Color.blue);


AddCloud(bu_hh, bu_ll, Color.orange, Color.orange);
AddCloud(be_hh,Be_ll, Color.blue, Color.blue);

 

[ssmike123]

Hello, is there a final version of "Demand Supply Zone" Indicator that plots relatively accurate? Please can you post here with a picture?
Thanks

 

[nitrous]

@Learnbot how is your trading going with your indicators

 

[Learnbot]

@Learnbot how is your trading going with your indicators

I havent been trading this week because I’m on vacation till this Sunday. I haven’t even had a chance to look at the zones. How abt you? Finding any useful levels to profit?

 

[Learnbot]

Hello, is there a final version of "Demand Supply Zone" Indicator that plots relatively accurate? Please can you post here with a picture?
Thanks

So the post #87 above is the most recent code I have and as far as pictures goes I don’t have access to my computer till this coming weekend so once I’m back I can share pictures.

 

[nitrous]

I havent been trading this week because I’m on vacation till this Sunday. I haven’t even had a chance to look at the zones. How abt you? Finding any useful levels to profit?

I haven't traded for over a week as well...Been busy with my job

 

[Kaydee]

I would love to code the bounce because that is exactly what i m having difficulty figuring out lol I am in process of figuring out how to spot a "real" bounce vs fake outs but no luck so far. @Kaydee can educate us as to what he/she considers a potential bounce move.


To answer your second question, i have made little changes to my process. Now i use 15min, 1hour and 4hour codes and use the time frame of 5 day 1 min because that shows some zones that otherwise would not have been plotted in 2day 1 min or 1 day 1min.

TSLA today:

NVDA Today:

sorry been busy guys trying to catch up on this tread. I haven't tried the new script you updated will do shortly. One thing I want to remind you of is don't use any supply & Demand zones lower than 30 mins. The higher the time frame the better the move. Always start on a weekly chart down to 30 min. I would say the only time you can draw a supply & Demand zone on a 15 min chart when trading intraday for quick scalps. I never enter a trade until it hits one of my zones and with better confirmation does the bounce see highlighted oval with arrow. look how it entered the 4 hour zone I had drawn on /ES today 7/16 look at it on a 1 & 5 min you can see consolidation move to a 1 minute for entry only. You can see tons of fake outs on 1 min my solid confirmation to go long after the touch of the zone back test is the candle closing above the 9 ema. But volume means a lot with this setup too

http://tos.mx/bufwEcl

 

[Learnbot]

sorry been busy guys trying to catch up on this tread. I haven't tried the new script you updated will do shortly. One thing I want to remind you of is don't use any supply & Demand zones lower than 30 mins. The higher the time frame the better the move. Always start on a weekly chart down to 30 min. I would say the only time you can draw a supply & Demand zone on a 15 min chart when trading intraday for quick scalps. I never enter a trade until it hits one of my zones and with better confirmation does the bounce see highlighted oval with arrow. look how it entered the 4 hour zone I had drawn on /ES today 7/16 look at it on a 1 & 5 min you can see consolidation move to a 1 minute for entry only. You can see tons of fake outs on 1 min my solid confirmation to go long after the touch of the zone back test is the candle closing above the 9 ema. But volume means a lot with this setup too

http://tos.mx/bufwEcl

This is very very helpful thank you! I have noticed the larger time frame do give me good strong zones however, do u trade equities mainly large cap stocks or do you mainly trade futures? I m trying to see which one this indicator/style of trading works the best for

 

[nitrous]

I think we may need like steps on what time frames to draw supply/demand zones...

Like start from 4 hrs, then 1hr, then 30 mins, then 15 mins..

After we draw the zone, how do we look for entries if we are scalping etc.

 

[Kaydee]

I think we may need like steps on what time frames to draw supply/demand zones...

Like start from 4 hrs, then 1hr, then 30 mins, then 15 mins..

After we draw the zone, how do we look for entries if we are scalping etc.

start from weekly, daily, 4 hour, 3 hour, 2hour , 90 min, 1 hour, 45 min 30, min. if your trading a certain stock you don't have to keep checking the weekly every day