Make The Hull MA Into A Strategy

[stone]

I'm so impressed with you coders. Can a strategy be made for the Hull Moving Average?

 

[MerryDay]

Can a strategy be made for the Hull Moving Average?

@stone
The AddOrder works similarly to the Scan Hacker.
You just need to define your filters:

def BuyTrigger = however you define your buy signal ;
def SellTrigger = however you define your sell signal ;
AddOrder(OrderType.BUY_AUTO, BuyTrigger );
AddOrder(OrderType.Sell_AUTO, SellTrigger );

Read more: https://usethinkscript.com/resources/thinkscript-addorder-turn-a-study-into-a-strategy.15/

 

[mansor]

Hi @MerryDay

I am trying to make a scanner based on mtf hma. I can't seem to get to set a condition where "UP is true" is scannable.

Below is the code for the indicator:

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


 declare lower;
#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));

 
input length =10;
def displace = 0;

plot HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

HMA.DefineColor("Up", GetColor(1));
HMA.DefineColor("Down", GetColor(0));
HMA.AssignValueColor(if HMA > HMA[1] then HMA.color("Up") else HMA.color("Down"));

 

[halcyonguy]

Hi @MerryDay

I am trying to make a scanner based on mtf hma. I can't seem to get to set a condition where "UP is true" is scannable.

Below is the code for the indicator:

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


 declare lower;
#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));

 
input length =10;
def displace = 0;

plot HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

HMA.DefineColor("Up", GetColor(1));
HMA.DefineColor("Down", GetColor(0));
HMA.AssignValueColor(if HMA > HMA[1] then HMA.color("Up") else HMA.color("Down"));

can't usd 2nd aggregation in scans
https://usethinkscript.com/threads/...t-scanner-based-on-daily-atr.8528/#post-79595

 

[mansor]

can't usd 2nd aggregation in scans
https://usethinkscript.com/threads/...t-scanner-based-on-daily-atr.8528/#post-79595

I understand, however, if I change the aggregation & set it to "day" & change the setting to "day" in the scanner (after adding this script as study) I do get the options under edit conditions; "is true", "is below", "is above" with "hma" as the only plot & not the arrows "up" "down" is "is true", you know what I mean. I need the arrows to show up besides just "hma" in plot in the scanner.

 

[MerryDay]

@mansor
Here is the script that prints an arrow on the UP and Down condition as you requested:

plot UpArrow = HMA > HMA[1] ;
plot DnArrow = HMA <= HMA[1] ;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;

It results in a chart that looks like:

That is a lot of arrows.
Perhaps it would be better if the arrows are defined as triggering only on the change of trend?

plot UpArrow = if HMA[1]<HMA[2] and HMA > HMA[1] then HMA else double.NaN ;
plot DnArrow = if HMA[1]>HMA[2] and HMA < HMA[1] then HMA else double.NaN;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;
UpArrow.SetLineWeight(3);

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;
DnArrow.SetLineWeight(3);

OR To save on real estate, it can be plotted as an upper chart:

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));
def Approx200 = x /100 * close ;

 
input length =10;
def displace = 0;

def HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

plot UpArrow = if HMA[1]<HMA[2] and HMA > HMA[1] then low else double.NaN ;
plot DnArrow = if HMA[1]>HMA[2] and HMA < HMA[1] then high else double.NaN;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;
UpArrow.SetLineWeight(3);

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;
DnArrow.SetLineWeight(3);

To give back to the community, would you post your chart and explain how this helps your trading?

 

[mansor]

@mansor
Here is the script that prints an arrow on the UP and Down condition as you requested:

plot UpArrow = HMA > HMA[1] ;
plot DnArrow = HMA <= HMA[1] ;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;

It results in a chart that looks like:

That is a lot of arrows.
Perhaps it would be better if the arrows are defined as triggering only on the change of trend?

plot UpArrow = if HMA[1]<HMA[2] and HMA > HMA[1] then HMA else double.NaN ;
plot DnArrow = if HMA[1]>HMA[2] and HMA < HMA[1] then HMA else double.NaN;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;
UpArrow.SetLineWeight(3);

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;
DnArrow.SetLineWeight(3);

OR To save on real estate, it can be plotted as an upper chart:

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));
def Approx200 = x /100 * close ;

 
input length =10;
def displace = 0;

def HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

plot UpArrow = if HMA[1]<HMA[2] and HMA > HMA[1] then low else double.NaN ;
plot DnArrow = if HMA[1]>HMA[2] and HMA < HMA[1] then high else double.NaN;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;
UpArrow.SetLineWeight(3);

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;
DnArrow.SetLineWeight(3);

To give back to the community, would you post your chart and explain how this helps your trading?

@MerryDay thanks for taking the time to produce these variations.

I am trying to use the initial script (post #3) in a scanner.

When I install it as a custom study, having the script agg & scanner agg aligned, it works. However, "under edit conditions" plot is just showing "hma" & arrows can't be selected. So I want the condition to show "up" is true.

thanks again for taking the time

 

[MerryDay]

I am trying to use the initial script (post #3) in a scanner.

When I install it as a custom study, having the script agg & scanner agg aligned, it works. However, "under edit conditions" plot is just showing "hma" & arrows can't be selected. So I want the condition to show "up" is true.

thanks again for taking the time

It works fine for me. By definition, all plots statements show up in the scanner. So if you cannot select the arrows you are not referencing the study with the arrows in it.

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


 declare lower;
#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));

 
input length =10;
def displace = 0;

plot HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

HMA.DefineColor("Up", GetColor(1));
HMA.DefineColor("Down", GetColor(0));
HMA.AssignValueColor(if HMA > HMA[1] then HMA.color("Up") else HMA.color("Down"));

plot UpArrow = HMA > HMA[1] ;
plot DnArrow = HMA <= HMA[1] ;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;

 

[RoninTrader]

It works fine for me. By definition, all plots statements show up in the scanner. So if you cannot select the arrows you are not referencing the study with the arrows in it.

input agg = AggregationPeriod.day ;
def c = close(period = agg);
def h = high(period = agg);


 declare lower;
#100 * (h / AVGC200)
def x=100 * (h / Average(length = 200, data = c));

 
input length =10;
def displace = 0;

plot HMA = MovingAverage(AverageType.wEIGHTED, x, length)[-displace];

HMA.DefineColor("Up", GetColor(1));
HMA.DefineColor("Down", GetColor(0));
HMA.AssignValueColor(if HMA > HMA[1] then HMA.color("Up") else HMA.color("Down"));

plot UpArrow = HMA > HMA[1] ;
plot DnArrow = HMA <= HMA[1] ;

UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;

DnArrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow.SetDefaultColor(color.magenta) ;

Hi MerryDay, first thank you for the infos. would you please be able to post the pictures for the custom study steps? thanks again

 

[MerryDay]

Hi MerryDay, first thank you for the infos. would you please be able to post the pictures for the custom study steps? thanks again

Step one: cut&pasted the script in your post.
(don't know how to cut&paste a study, here are directions: https://usethinkscript.com/threads/how-to-import-existing-thinkscript-code-on-thinkorswim.10/
Step two: click on Scan Hacker
Step three: click on the pencil
Step four: click on the thinkscript editor tab
Step five: type in the name you just gave the study
Step six: append the following to the name you just typed in: ()."UpArrow" is true

 

[RoninTrader]

Step one: cut&pasted the script in your post.
(don't know how to cut&paste a study, here are directions: https://usethinkscript.com/threads/how-to-import-existing-thinkscript-code-on-thinkorswim.10/
Step two: click on Scan Hacker
Step three: click on the pencil
Step four: click on the thinkscript editor tab
Step five: type in the name you just gave the study
Step six: append the following to the name you just typed in: ()."UpArrow" is true

Thanks fr the reply. tell me if i did it right please.
study : custom , Creat condition: study: Pulled my study name : offset0" plot uparrow"agg day:length 10 MIDDLE BOX = is true Save

 

[MerryDay]

Thanks fr the reply. tell me if i did it right please.
study : custom , Creat condition: study: Pulled my study name : offset0" plot uparrow"agg day:length 10 MIDDLE BOX = is true Save

Please edit your post to include an image of your scanner. Make sure it looks just like my image.
Unsure of how to upload screenshots to the forum, Here are directions.

 

[RoninTrader]

Please edit your post to include an image of your scanner. Make sure it looks just like my image.
Unsure of how to upload screenshots to the forum, Here are directions.will do, thanks!