Click on the scan hacker
## MA Slope SCAN
input length = 20;
input price = close;
input averageType = AverageType.SIMPLE;
def avg = MovingAverage(averageType,price,length);
def height = avg - avg[1];
def "Angle, deg" = Atan(height/length) * 180 / Double.Pi;
plot crossPositive = "Angle, deg" > 0 and "Angle, deg"[1] < 0;Join useThinkScript to post your question to a community of 21,000+ developers and traders.
Thanks for the tip.
## SLOPE SCAN
def cbh = high[0];
def pbl = low[5];
def diff = AbsValue(pbl - cbh ) ;
def "Angle, deg" = Atan(diff/5) * 180 / Double.Pi;
plot OverExtended = "Angle, deg" >= 80;If you have the time, would you explain what does the number scale represent above and below, the zero plot line? Really appreciate your thoughts about the divergence. Thank you
below zero = downward trend
Hi, what' your entry indicator call, is that custum.Thanks for the tip.
I saw it last week and modified it a bit to come up with a scanner from but it's still not giving me what I'm looking for.
This is what I have so far.
Code:## SLOPE SCAN def cbh = high[0]; def pbl = low[5]; def diff = AbsValue(pbl - cbh ) ; def "Angle, deg" = Atan(diff/5) * 180 / Double.Pi; plot OverExtended = "Angle, deg" >= 80;
Basically, I'm looking for a way to scan for overextended moves on 5min and 15min charts.
Best scenarios happen with at least 5 candles. I use trendline and go from the high or low of the 5th previous bar and the low or high of the current bar to determine the angle. Anything above 80 degrees is definitely stretched and will snap back.
Hi, I don't have an entry indicator for this strategy. If you are talking about the different colored lines, it is just a modified Fibonacci Retracements available under drawings on TOS.
You are on right track if someone implements this would be awesome. Currently I look based on individual stock price.
Here is the next link in your quest:
Hi Antwerks,
# MAslope_AntwerksNew
# Computes the slope of the SMA100
# posted by Antwerks on 4-25-24 but concern that it defined but didn’t use UpTrend and Downtrend, didn't use the agg, and produced no line on the chart; the label wasn't fixed.
declare lower;
input HowManyPeriodsBackForSlopeMeasure = 3;
input anglecutoff = 0.02;
def price = close (period = AggregationPeriod.DAY);
def opposite = (SimpleMovingAvg(price, 100) - SimpleMovingAvg(price, 100)[HowManyPeriodsBackForSlopeMeasure]) / SimpleMovingAvg(price, 100)[HowManyPeriodsBackForSlopeMeasure];
def adjacent = HowManyPeriodsBackForSlopeMeasure * .6;
def tan = (opposite / adjacent);
def angle100 = Round(ATan(tan) * 180 / Double.Pi, 2);
# Computes the trend strength
def UpTrend = close > SimpleMovingAvg(price, 100) and angle100 >= anglecutoff;
def DownTrend = close < SimpleMovingAvg(price, 100) and angle100 <= -anglecutoff;
# Plot a line based on the slope calculation
plot SlopeLine = tan;
SlopeLine.SetLineWeight(2);
SlopeLine.DefineColor("Up", Color.BLUE);
SlopeLine.DefineColor("Down", Color.RED);
SlopeLine.AssignValueColor(if UpTrend then SlopeLine.color(“Up”) else if DownTrend then SlopeLine.color(“Down”) else Color.WHITE);
SlopeLine.HideBubble();
# Label based on the slope direction
AddLabel(yes, Concat("Slope SMA ", HowManyPeriodsBackForSlopeMeasure),
if tan > 0.02 then Color.GREEN else if tan < -0.02 then Color.RED else Color.YELLOW);# MAslopeRockdog_ATR
# original by Rockdog10 on 9-24-21; concern that it works in NQ & YM but not ES; appears to be affected by timeframe changes
# this version (_ATR) normalizes the MA to the current ATR to prevent y-axis/timeframe problems, adjusts the Angle degree cutoff to be an input, and adds a zeroline.
declare lower;
input length = 34;
input price = close;
input averageType = AverageType.Exponential;
input cutoff = 0.04;
input ATRlength = 14;
input averageType2 = AverageType.WILDERS;
def ATR = MovingAverage(averageType2, TrueRange(high, close, low), ATRlength);
def avg = MovingAverage(averageType, price, length);
def height = (avg – avg[1]) / ATR;
plot Angledeg = Atan(height/length) * 180 / Double.Pi;
plot zeroline = 0;
Angledeg.AssignValueColor (if Angledeg >= cutoff then color.ORANGE else color.white);
Angledeg.SetLineWeight(2);
ZeroLine.SetDefaultColor(Color.LIGHT_GREEN);
ZeroLine.SetLineWeight(1);# MAslopeRockdog_ATRhilo
# original by Rockdog10 on 9-24-21; concern that it works in NQ & YM but not ES; appears to be affected by timeframe changes
# previous version (_ATR) normalized the MA to the current ATR to prevent y-axis/timeframe problems, adjusted the Angle degree cutoff to be an input, and added a zeroline.
# this version (_ATRhilo) adds the requirement that all three moving averages (close, high and low) change their angle for the indicator line’s color to change to orange (not just a change of angle of the moving average of the close). The precise angles by which the close, high and low must change are now inputs and can be different for each one.
declare lower;
input length = 34;
input price = close;
input averageType = AverageType.Exponential;
input cutoffC = 0.04;
input cutoffH = 0.04;
input cutoffL = 0.04;
input ATRlength = 14;
input averageType2 = AverageType.WILDERS;
def ATR = MovingAverage(averageType2, TrueRange(high, close, low), ATRlength);
def avg = MovingAverage(averageType, price, length);
def heightC = (avg – avg[1]) / ATR;
def heightH = (Average(high, length) – Average(high, length)[1]) / ATR;
def heightL = (Average(low, length) – Average(low, length)[1]) / ATR;
def AngledegH = Atan(heightH/length) * 180 / Double.Pi;
def AngledegL = Atan(heightL/length) * 180 / Double.Pi;
plot AngledegC = Atan(heightC/length) * 180 / Double.Pi;
plot zeroline = 0;
AngledegC.AssignValueColor (if AngledegC >= cutoffC and AngledegH >= cutoffH and AngledegL >= cutoffL then color.ORANGE else color.white);
AngledegC.SetLineWeight(2);
ZeroLine.SetDefaultColor(Color.LIGHT_GREEN);
ZeroLine.SetLineWeight(1);THANK YOU!!! You guys really help us out!!! much appreciated. Can you make the simpleMovingAvg an input to where one could change that along with all that it attaches to?
In the new version (...AntwerksNew2), the type and length of the moving average are now inputs and there is a zeroline. Label still wasn't fixed yet.
# MAslope_AntwerksNew2
# Computes the slope of the SMA100
# posted by Antwerks on 4-25-24 but concern that it defined but didn’t use UpTrend and Downtrend, didn't use the agg, and produced no line on the chart; the label wasn't fixed.
# this New2 version allows one to select the type and the length of the moving average as an input & adds zeroline.
declare lower;
input HowManyPeriodsBackForSlopeMeasure = 3;
input MAlength = 100;
input anglecutoff = 0.02;
input averagetype = AverageType.SIMPLE;
def price = close (period = AggregationPeriod.DAY);
def opposite = (movingaverage(averagetype, price, MAlength) - movingaverage(averagetype, price, MAlength)[HowManyPeriodsBackForSlopeMeasure]) / movingaverage(averagetype, price, MAlength)[HowManyPeriodsBackForSlopeMeasure];
def adjacent = HowManyPeriodsBackForSlopeMeasure * .6;
def tan = (opposite / adjacent);
def angle100 = Round(ATan(tan) * 180 / Double.Pi, 2);
# Computes the trend strength
def UpTrend = close > movingaverage(averagetype, price, MAlength) and angle100 >= anglecutoff;
def DownTrend = close < movingaverage(averagetype, price, MAlength) and angle100 <= -anglecutoff;
# Plot a line based on the slope calculation
plot SlopeLine = tan;
plot zeroline = 0;
SlopeLine.SetLineWeight(2);
SlopeLine.DefineColor("Up", Color.BLUE);
SlopeLine.DefineColor("Down", Color.RED);
SlopeLine.AssignValueColor(if UpTrend then SlopeLine.color(“Up”) else if DownTrend then SlopeLine.color(“Down”) else Color.WHITE);
zeroline.SetDefaultColor(Color.GREEN);
zeroline.SetLineWeight(1);
SlopeLine.HideBubble();
# Label based on the slope direction
AddLabel(yes, Concat("Slope SMA ", HowManyPeriodsBackForSlopeMeasure),
if tan > 0.02 then Color.GREEN else if tan < -0.02 then Color.RED else Color.YELLOW);could you assist with what's wrong with this syntax? the last line is red.
does not go into the study.
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