Moxie Indicator For Renko For ThinkOrSwim

[Renko_Ranger]

mod note: the rest of this chart set up can be found at https://usethinkscript.com/threads/renko-matrix-chart-setups-strategies-for-thinkorswim.13164/

I've modified the Moxie indicator thinkscript found in this thread to work with Renko: https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/

declare lower;

script Moxie {
input priceC = close;
def vc1 = ExpAverage(priceC , 12) - ExpAverage(priceC , 26);
def va1 = ExpAverage(vc1, 9);
plot sData = (vc1 - va1) * 3;
}

def price = close;
def s2 = Moxie(price);

plot ZeroLine = 0;
plot pMoxie = s2;
pMoxie.SetLineWeight(2);
pMoxie.DefineColor("Positive and Up", Color.GREEN);
pMoxie.DefineColor("Positive and Down", Color.DARK_GREEN);
pMoxie.DefineColor("Negative and Down", Color.RED);
pMoxie.DefineColor("Negative and Up", Color.DARK_RED);
pMoxie.AssignValueColor(if pMoxie >= 0 then if pMoxie > pMoxie[1] then pMoxie.color("Positive and Up") else pMoxie.color("Positive and Down") else if pMoxie < pMoxie[1] then pMoxie.color("Negative and Down") else pMoxie.color("Negative and Up"));

AddCloud(ZeroLine,pMoxie,COLOR.RED,COLOR.GREEN);

 

[majidg]

I've modified the Moxie indicator thinkscript found in this thread to work with Renko: https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/

declare lower;

script Moxie {
input priceC = close;
def vc1 = ExpAverage(priceC , 12) - ExpAverage(priceC , 26);
def va1 = ExpAverage(vc1, 9);
plot sData = (vc1 - va1) * 3;
}

def price = close;
def s2 = Moxie(price);

plot ZeroLine = 0;
plot pMoxie = s2;
pMoxie.SetLineWeight(2);
pMoxie.DefineColor("Positive and Up", Color.GREEN);
pMoxie.DefineColor("Positive and Down", Color.DARK_GREEN);
pMoxie.DefineColor("Negative and Down", Color.RED);
pMoxie.DefineColor("Negative and Up", Color.DARK_RED);
pMoxie.AssignValueColor(if pMoxie >= 0 then if pMoxie > pMoxie[1] then pMoxie.color("Positive and Up") else pMoxie.color("Positive and Down") else if pMoxie < pMoxie[1] then pMoxie.color("Negative and Down") else pMoxie.color("Negative and Up"));

AddCloud(ZeroLine,pMoxie,COLOR.RED,COLOR.GREEN);

what does /5 time means. is it 5 minutes time frame?

 

[Renko_Ranger]

what does /5 time means. is it 5 minutes time frame?

I'm not sure what you're referring to; this is a Renko chart so there is no time frame involved. My Renko chart is currently set to 5 ticks which equals $.05 cents a brick.

 

[JimmyThreeSwans]

Thanks for reposting this, I never saw the original. My main chart #2 is a Renko chart and this is helpful.

 

[Renko_Ranger]

Thanks for reposting this, I never saw the original. My main chart #2 is a Renko chart and this is helpful.

You're welcome, hope it works for you!