MH's Buy and Sell Signals for ThinkorSwim

[BenTen]

A simple buy and sell signals indicator based on volume and price for ThinkorSwim. Not much was written about it.

Finding the high winning percentage trade signals.

thinkScript Code

# MH's Buy and Sell Signals
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/rEmMdtXy-Buy-Sell-Signals/

def signal = volume[3] < volume[2] and volume[2]<volume[1] and volume[1] > volume;
def bullish = close[3] < open[3] and close[2]<open[2] and close[1]<open[1];
def bearish = close[3] > open[3] and close[2]>open[2] and close[1]>open[1];
def bullish_signal = bullish and signal;
def bearish_signal = bearish and signal;

# Plot Signals
plot bull = bullish_signal;
bull.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bull.SetDefaultColor(Color.CYAN);
bull.SetLineWeight(1);
plot bear = bearish_signal;
bear.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bear.SetDefaultColor(Color.MAGENTA);
bear.SetLineWeight(1);

 

[Barmarrs]

I like the simplicity of this one. I don't have any feedback on the intraday signals it provides, but I've glanced over this in combination with the wave trend and market force indicators on the one-year chart, and I like the signals I've seen to this point. Thanks for sharing!

 

[garrythegreat]

im trying to make a scanner but i dont see any signal on my chart. do you have a scanner on this for bull or bear signal?

# MH's Buy and Sell Signals
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/rEmMdtXy-Buy-Sell-Signals/

def signal = volume[3] < volume[2] and volume[2]<volume[1] and volume[1] > volume;
def bullish = close[3] < open[3] and close[2]<open[2] and close[1]<open[1];
def bearish = close[3] > open[3] and close[2]>open[2] and close[1]>open[1];
plot bullish_signal = bullish and signal;
#def bearish_signal = bearish and signal;

 

[BenTen]

@garrythegreat There is no need to modify the code. It should work with the scanner out of the box. Take a look at the video in this post: https://usethinkscript.com/threads/how-to-use-the-tos-scanner.284/

 

[AshtheMan]

what time frames would you say this works best with?

 

[AshtheMan]

also how do i get rid of the white line that connects all the candles together?

 

[MerryDay]

@AshtheMan

• There is nothing in this code to prevent it working on all timeframes. Apply it to what works best with your strategy.
• There is no white plot line associated with this indicator. The only plots in this code are the arrows.