hi
## Edit to the gap study code from thinkscript.com
## Originally made by yungtraderfrommontana
## Edited by Chemmy
input conso = .02;
input outo = .01;
input coc = close;
input linRegLength = 21;
input smLength = 3;
input displace2 = 0;
input length = 10;
def bn = BarNumber();
def lastBar = HighestAll(if IsNaN(close) then 0 else bn);
def offset = Min(length - 1, lastBar - bn);
def swingLow = low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset);
# identify the very last swing low point
def lowPointOneBarNumber = HighestAll(if swingLow then bn else 0);
def lowPointOneValue = if bn == lowPointOneBarNumber then low else lowPointOneValue[1];
plot low1 = if bn < lowPointOneBarNumber then Double.NaN else lowPointOneValue;
low1.SetDefaultColor(Color.LIGHT_RED);
# SWING HIGH
# define swing high points
def swingHigh = high > Highest(high[1], length - 1) and high == GetValue(Highest(high, length), -offset);
# identify the very last swing high point
def highPointOneBarNumber = HighestAll(if swingHigh then bn else 0);
def highPointOneValue = if bn == highPointOneBarNumber then high else highPointOneValue[1];
plot high1 = if bn < highPointOneBarNumber then Double.NaN else highPointOneValue;
high1.SetDefaultColor(Color.CYAN);
# ADJUST CANDLE COLORS
# change candle colors just to make it easier to see what we are working with
#AssignPriceColor(if swingLow then Color.cyan else if swingHigh then Color.mageNTA else Color.current);
# End Swing High and Swing Low
def value = Average(Inertia(coc[-displace2], linRegLength), smLength);
def error = Average(sterr(coc[-displace2], linRegLength), smLength);
def MiddleLine = value;
def total = if close < open then (high + 2 * low + close) / 2 else if close > open then (2 * high + low + close) / 2 else (high + low + 2 * close) / 2;
def UpperPr = total[1] - low[1];
def LowerPr = total[1] - high[1];
def price = close;
def length4 = 10;
def displace = 0;
def AvgExp = ExpAverage(price[-displace], length4);
def length6 = 48.5;
def AvgExp2 = ExpAverage(price[-displace], length6);
def c = close;
def length2 = 30;
def calclength2 = 5;
def smoothlength2 = 3;
input agg = AggregationPeriod.DAY;
def o10 = open(period = agg);
def c10 = close(period = agg);
def data = fold i = 0 to length2
with s
do s + (if c10 > GetValue(o10, i)
then 1
else if c10 < GetValue(o10, i)
then - 1
else 0);
input averagetype = AverageType.EXPONENTIAL;
def EMA5 = MovingAverage(averagetype, data, calclength2);
def Main = MovingAverage(averagetype, EMA5, smoothLength2);
def Signal = MovingAverage(averagetype, Main, smoothLength2);
def ob3 = if IsNaN(c10) then Double.NaN else Round(length2 * .7);
input BuyEntry = 3;
input SellEntry = 3;
plot QB = Highest(high, BuyEntry);
plot QS = Lowest(low, SellEntry);
plot midline = (qs[1]+qb[1])/2;
plot differencechange = ((main-signal) < 1) and ((main - signal) > -1) and (main < ob3);
plot comboupstrongest = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (close < midline[1]);
#AddVerticalLine(comboupstrongest, "", Color.Green, curve.SHORT_DASH);
plot comboupstrong = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (open[1] or open[2] or open[3] < midline) and comboupstrongest is false and (open < qb[1]) and (open[1] > Qs[2]) and (close[1] < midline[2]);
plot comboupweak = (close > qb[1]) and (close[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and comboupstrongest is false and comboupstrong is false and (close > open) and (low < middleline) and (close > open);
plot midcrossgapup = (((open < midline) and ((close > midline)) or ((close[1] < midline[2])) and (open > midline[1]))) and (close > open) and (differencechange) and (close[1] < qb[2]) and (close > upperpr);
plot combodownstrongest = (qs[1] > qs[2]) and (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso);
plot combodownstrong = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and (open[1] or open[2] or open[3] > midline) and combodownstrongest is false and (close < qs[1]) and (close[1] < QB[2]) and (close[1] > midline[2]);
plot combodownweak = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and combodownstrong is false and combodownstrongest is false and (close < open) and (low > middleline);
plot midcrossgapdown = (((open > midline) and ((close < midline)) or ((close[1] > midline[2])) and (open < midline[1]))) and (close < open) and (close[1] > qs[2]) and (close < lowerpr);
plot goodsetup =((swinglow or swinglow[1] or swinglow[2])) and ((comboupstrong or comboupstrongest or midcrossgapup));
plot sellputs = (lowerpr < QS);So, answering my own question from the last post with an update -- I've made a few changes to the original code, adding a moving average option for the inertia calculation and also adding levels to the signal strength for the downside, like the upside signals have. I personally trade SPY/SPX options on the 3 minute time frame, and tinkered enough until I found the settings that work best for me. Here's how it performed on SPX today:
Note that I've also hidden the midline and upper/lower bands as a personal preference, but they are certainly still there; I just don't like too many things covering my candles. Here are the settings that I personally use for this as well -- I assume that different time frames will need different sensitivities, but I honestly haven't checked since I only trade scalps and short intraday swings.
And here is the code! If anyone is inspired to make any further edits or improvements, please let me know -- I've been impressed with this indicator from when I first saw it, huge props to @YungTraderFromMontana for his work.
Code:## Edit to the gap study code from thinkscript.com ## Originally made by yungtraderfrommontana ## Edited by Chemmy input conso = .02; input outo = .01; input coc = close; input linRegLength = 21; input smLength = 3; input displace2 = 0; input length = 10; def bn = BarNumber(); def lastBar = HighestAll(if IsNaN(close) then 0 else bn); def offset = Min(length - 1, lastBar - bn); def swingLow = low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset); # identify the very last swing low point def lowPointOneBarNumber = HighestAll(if swingLow then bn else 0); def lowPointOneValue = if bn == lowPointOneBarNumber then low else lowPointOneValue[1]; plot low1 = if bn < lowPointOneBarNumber then Double.NaN else lowPointOneValue; low1.SetDefaultColor(Color.LIGHT_RED); # SWING HIGH # define swing high points def swingHigh = high > Highest(high[1], length - 1) and high == GetValue(Highest(high, length), -offset); # identify the very last swing high point def highPointOneBarNumber = HighestAll(if swingHigh then bn else 0); def highPointOneValue = if bn == highPointOneBarNumber then high else highPointOneValue[1]; plot high1 = if bn < highPointOneBarNumber then Double.NaN else highPointOneValue; high1.SetDefaultColor(Color.CYAN); # ADJUST CANDLE COLORS # change candle colors just to make it easier to see what we are working with #AssignPriceColor(if swingLow then Color.cyan else if swingHigh then Color.mageNTA else Color.current); # End Swing High and Swing Low def value = Average(Inertia(coc[-displace2], linRegLength), smLength); def error = Average(sterr(coc[-displace2], linRegLength), smLength); def MiddleLine = value; def total = if close < open then (high + 2 * low + close) / 2 else if close > open then (2 * high + low + close) / 2 else (high + low + 2 * close) / 2; def UpperPr = total[1] - low[1]; def LowerPr = total[1] - high[1]; def price = close; def length4 = 10; def displace = 0; def AvgExp = ExpAverage(price[-displace], length4); def length6 = 48.5; def AvgExp2 = ExpAverage(price[-displace], length6); def c = close; def length2 = 30; def calclength2 = 5; def smoothlength2 = 3; input agg = AggregationPeriod.DAY; def o10 = open(period = agg); def c10 = close(period = agg); def data = fold i = 0 to length2 with s do s + (if c10 > GetValue(o10, i) then 1 else if c10 < GetValue(o10, i) then - 1 else 0); input averagetype = AverageType.EXPONENTIAL; def EMA5 = MovingAverage(averagetype, data, calclength2); def Main = MovingAverage(averagetype, EMA5, smoothLength2); def Signal = MovingAverage(averagetype, Main, smoothLength2); def ob3 = if IsNaN(c10) then Double.NaN else Round(length2 * .7); input BuyEntry = 3; input SellEntry = 3; plot QB = Highest(high, BuyEntry); plot QS = Lowest(low, SellEntry); plot midline = (qs[1]+qb[1])/2; plot differencechange = ((main-signal) < 1) and ((main - signal) > -1) and (main < ob3); plot comboupstrongest = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (close < midline[1]); #AddVerticalLine(comboupstrongest, "", Color.Green, curve.SHORT_DASH); plot comboupstrong = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (open[1] or open[2] or open[3] < midline) and comboupstrongest is false and (open < qb[1]) and (open[1] > Qs[2]) and (close[1] < midline[2]); plot comboupweak = (close > qb[1]) and (close[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and comboupstrongest is false and comboupstrong is false and (close > open) and (low < middleline) and (close > open); plot midcrossgapup = (((open < midline) and ((close > midline)) or ((close[1] < midline[2])) and (open > midline[1]))) and (close > open) and (differencechange) and (close[1] < qb[2]) and (close > upperpr); plot combodownstrongest = (qs[1] > qs[2]) and (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso); plot combodownstrong = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and (open[1] or open[2] or open[3] > midline) and combodownstrongest is false and (close < qs[1]) and (close[1] < QB[2]) and (close[1] > midline[2]); plot combodownweak = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and combodownstrong is false and combodownstrongest is false and (close < open) and (low > middleline); plot midcrossgapdown = (((open > midline) and ((close < midline)) or ((close[1] > midline[2])) and (open < midline[1]))) and (close < open) and (close[1] > qs[2]) and (close < lowerpr); plot goodsetup =((swinglow or swinglow[1] or swinglow[2])) and ((comboupstrong or comboupstrongest or midcrossgapup)); plot sellputs = (lowerpr < QS);
Shareable link: http://tos.mx/PeA2NQk
Sorry all, I've been away and busy for a bit now. These arrows never showed because the original code didn't specify for the signals to be showed as arrows, and you had to manually change the painting strategy in the settings. Here's the adjusted code, this should be what you're all looking for:
## Edit to the gap study code from thinkscript.com
## Originally made by yungtraderfrommontana
## Edited by Chemmy
input conso = .02;
input outo = .01;
input coc = close;
input linRegLength = 21;
input smLength = 3;
input displace2 = 0;
input length = 10;
def bn = BarNumber();
def lastBar = HighestAll(if IsNaN(close) then 0 else bn);
def offset = Min(length - 1, lastBar - bn);
def swingLow = low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset);
# identify the very last swing low point
def lowPointOneBarNumber = HighestAll(if swingLow then bn else 0);
def lowPointOneValue = if bn == lowPointOneBarNumber then low else lowPointOneValue[1];
plot low1 = if bn < lowPointOneBarNumber then Double.NaN else lowPointOneValue;
low1.SetDefaultColor(Color.LIGHT_RED);
# SWING HIGH
# define swing high points
def swingHigh = high > Highest(high[1], length - 1) and high == GetValue(Highest(high, length), -offset);
# identify the very last swing high point
def highPointOneBarNumber = HighestAll(if swingHigh then bn else 0);
def highPointOneValue = if bn == highPointOneBarNumber then high else highPointOneValue[1];
plot high1 = if bn < highPointOneBarNumber then Double.NaN else highPointOneValue;
high1.SetDefaultColor(Color.CYAN);
# ADJUST CANDLE COLORS
# change candle colors just to make it easier to see what we are working with
#AssignPriceColor(if swingLow then Color.cyan else if swingHigh then Color.mageNTA else Color.current);
# End Swing High and Swing Low
def value = Average(Inertia(coc[-displace2], linRegLength), smLength);
def error = Average(sterr(coc[-displace2], linRegLength), smLength);
def MiddleLine = value;
def total = if close < open then (high + 2 * low + close) / 2 else if close > open then (2 * high + low + close) / 2 else (high + low + 2 * close) / 2;
def UpperPr = total[1] - low[1];
def LowerPr = total[1] - high[1];
def price = close;
def length4 = 10;
def displace = 0;
def AvgExp = ExpAverage(price[-displace], length4);
def length6 = 48.5;
def AvgExp2 = ExpAverage(price[-displace], length6);
def c = close;
def length2 = 30;
def calclength2 = 5;
def smoothlength2 = 3;
input agg = AggregationPeriod.DAY;
def o10 = open(period = agg);
def c10 = close(period = agg);
def data = fold i = 0 to length2
with s
do s + (if c10 > GetValue(o10, i)
then 1
else if c10 < GetValue(o10, i)
then - 1
else 0);
input averagetype = AverageType.EXPONENTIAL;
def EMA5 = MovingAverage(averagetype, data, calclength2);
def Main = MovingAverage(averagetype, EMA5, smoothLength2);
def Signal = MovingAverage(averagetype, Main, smoothLength2);
def ob3 = if IsNaN(c10) then Double.NaN else Round(length2 * .7);
input BuyEntry = 3;
input SellEntry = 3;
plot QB = Highest(high, BuyEntry);
plot QS = Lowest(low, SellEntry);
plot midline = (qs[1]+qb[1])/2;
plot differencechange = ((main-signal) < 1) and ((main - signal) > -1) and (main < ob3);
plot comboupstrongest = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (close < midline[1]);
comboupstrongest.setpaintingstrategy(paintingstrategy.boolean_arrow_up);
comboupstrongest.setdefaultcolor(color.green);
comboupstrongest.setlineweight(5);
#AddVerticalLine(comboupstrongest, "", Color.Green, curve.SHORT_DASH);
plot comboupstrong = (close > qb[1]) and (c[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and (open[1] or open[2] or open[3] < midline) and comboupstrongest is false and (open < qb[1]) and (open[1] > Qs[2]) and (close[1] < midline[2]);
comboupstrong.setpaintingstrategy(paintingstrategy.boolean_arrow_up);
comboupstrong.setdefaultcolor(color.green);
comboupstrong.setlineweight(3);
plot comboupweak = (close > qb[1]) and (close[1] < qb[2]) and (((open - qb[1])/100) < outo) and (((qb[1] - Avgexp)/100) < conso) and comboupstrongest is false and comboupstrong is false and (close > open) and (low < middleline) and (close > open);
comboupweak.setpaintingstrategy(paintingstrategy.boolean_arrow_up);
comboupweak.setdefaultcolor(color.green);
comboupweak.setlineweight(1);
plot midcrossgapup = (((open < midline) and ((close > midline)) or ((close[1] < midline[2])) and (open > midline[1]))) and (close > open) and (differencechange) and (close[1] < qb[2]) and (close > upperpr);
midcrossgapup.setpaintingstrategy(paintingstrategy.points);
midcrossgapup.setdefaultcolor(color.green);
plot combodownstrongest = (qs[1] > qs[2]) and (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso);
combodownstrongest.setpaintingstrategy(paintingstrategy.boolean_arrow_down);
combodownstrongest.setdefaultcolor(color.magenta);
combodownstrongest.setlineweight(5);
plot combodownstrong = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and (open[1] or open[2] or open[3] > midline) and combodownstrongest is false and (close < qs[1]) and (close[1] < QB[2]) and (close[1] > midline[2]);
combodownstrong.setpaintingstrategy(paintingstrategy.boolean_arrow_down);
combodownstrong.setdefaultcolor(color.magenta);
combodownstrong.setlineweight(3);
plot combodownweak = (close < qs[1]) and (c[1] > qs[2]) and (((qs[1] - open)/100) < outo) and (((Avgexp - qs[1])/100) < conso) and combodownstrong is false and combodownstrongest is false and (close < open) and (low > middleline);
combodownweak.setpaintingstrategy(paintingstrategy.boolean_arrow_down);
combodownweak.setdefaultcolor(color.magenta);
combodownweak.setlineweight(1);
plot midcrossgapdown = (((open > midline) and ((close < midline)) or ((close[1] > midline[2])) and (open < midline[1]))) and (close < open) and (close[1] > qs[2]) and (close < lowerpr);
midcrossgapdown.setpaintingstrategy(paintingstrategy.points);
midcrossgapdown.setdefaultcolor(color.magenta);
plot goodsetup =((swinglow or swinglow[1] or swinglow[2])) and ((comboupstrong or comboupstrongest or midcrossgapup));
goodsetup.setpaintingstrategy(paintingstrategy.points);
goodsetup.setdefaultcolor(color.yellow);
plot sellputs = (lowerpr < QS);that is the Jurik RSI, found here: https://usethinkscript.com/threads/jurik-rsx-noise-free-rsi-for-thinkorswim.12082/
Thanks, but do these arrows reprint at all??
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