Plot Previous Day Close in ThinkorSwim

[Playstation]

This is a really simple indicator code by me, Playstation, using Mr Yen's aka realBrianWatt method of trading within the zones of 40 handles on /ES.
Warning: Only use this on /ES, not for any other products. Change deviation according to what you want. 20 each side is the suggested value.

# Previous Day Close Made By Playstation using MrYen aka realBrianWatt method.
# This remains free for all to use.

input aggregationPeriod = AggregationPeriod.DAY;
input length = 1;
input displace = -1;
input showOnlyLastPeriod = no;
input deviation = 20;

plot PreviousDayClose;
if showOnlyLastPeriod and !IsNaN(close(period = aggregationPeriod)[-1]) { PreviousDayClose = Double.NaN;}
else { PreviousDayClose = Highest(close(period = aggregationPeriod)[-displace], length);}

PreviousDayClose.SetLineWeight(3);
PreviousDayClose.SetDefaultColor(Color.GREEN);


def TC = PreviousDayClose + deviation;
def BC = PreviousDayClose - deviation;

def TC2 = TC+40;
def BC2 = BC-40;

AddCloud(TC, TC2, Color.RED, Color.RED);
AddCloud(BC, BC2, Color.GREEN, Color.GREEN);

Totally forgot about the Discord and here. Yes, please follow Mr Yen, aka realbrianwatt on twitter for understanding of his method. He does have a youtube channel where he does his live sessions, so it would be good to learn there on his methods of trading.

**fair warning, he cusses and rants alot...but what he teaches is golden.

 

[BenTen]

I made something similar (with a bit of enhancement), but it's the same. Did Mr. Yen explain the concept or idea behind using this to trade?

 

[Playstation]

@BenTen updated post with more info on Mr Yen, hope others find it useful to watch how he trades live. I think you can move this post to yours though, it isn't that much different.

 

[lrc11239]

Would you be able to plot the price labels for the previous close and the clouds/boxes?? Many thanks

 

[BenTen]

@lrc11239 Here's the chart bubble. Just add it to the end of your script.

def SR = showBubble and !IsNaN(close) and IsNaN(close [-1] ) && HighestAll(BarNumber());
AddChartBubble(SR, PreviousDayClose, "PrevClose", Color.Dark_Orange);

 

[lrc11239]

@BenTen - the code for the chart Bubble is showing invalid.. What am I missing...??LOL

 

[BenTen]

@lrc11239 My apology, here is the updated code:

input showBubble = yes;
def SR = showBubble and !IsNaN(close) and IsNaN(close [-1] ) && HighestAll(BarNumber());
AddChartBubble(SR, PreviousDayClose, "PrevClose", Color.Dark_Orange);

 

[lrc11239]

@BenTen - No worries thank your for your help!!

 

[jay_charting]

Is this available on the mobile app too? I tried to configure it but could not get it to work. Any advice would be apprecaited.

Thanks!