Responsive, Non-Repainting Laguerre ZigZag For ThinkOrSwim

[VR555]

@antwerks - thanks much for not only the study, but also the helpful comments!

 

[antwerks]

@antwerks - thanks much for not only the study, but also the helpful comments!

I hope Ihelped, sometimes I stick my nose in where I shouldn't lol

 

[VR555]

I hope Ihelped, sometimes I stick my nose in where I shouldn't lol

As far as I’m concerned you can give any & all input you want!

 

[Bassindora]

I hope Ihelped, sometimes I stick my nose in where I shouldn't lol

I worked across the weekend to get the code tweaked for the watchlist. Will update performance on a full scan. Your insight and experience is always appreciated.

 

[DANADRGON]

@whoDAT Do you have any idea why the up/down signals don't plot?

I am looking for a zigzag function that I can use in a custom watchlist column to provide a "heads up" that trend is shifting. I tried using criksdds AGAIG No Arrows but it is a repainter and does not work in a watchlist.

The goal is to change the background in the watchlist column based on trend direction and I think that if I can figure out why the up/down signals are not showing, I'll be able to capture the info.

View attachment 27075

Thanks.

Hi, I like your buy and sell signals. What indicator or thinkscript code are your buy and sell signals?
Thank you.

 

[useThinkScript]

Hi, I like your buy and sell signals. What indicator or thinkscript code are your buy and sell signals?
Thank you.

The buy and sell signals are from the AGAIG charting setups.
Read more about them here:
https://usethinkscript.com/threads/...tup-for-thinkorswim.18436/page-10#post-153512

 

[Bassindora]

Hi, I like your buy and sell signals. What indicator or thinkscript code are your buy and sell signals?
Thank you.

I've updated this a bit and am planning on making a post about my latest setup. It will be early next week when I make this and will reply to let you know.

 

[dscrockett]

To all participants: Well, done. For swing traders, the PSAR indicator developed by Wells Wilder can serve as an effective tool. The line function enables precise and visually distinct pivots with only minor adjustments. A limitation of the ZigZag indicator is that its input parameters are inherently subjective; whether you choose 3%, 5%, or 10% is based on individual preference rather than objective criteria. Try it.

 

[antwerks]

Just for anyone interested I tweaked the EMA_TREND_METER for better reads and signals

# =========================================
# ANTWERKS UNIFIED ENGINE + SESSION INTELLIGENCE
# =========================================

declare lower;

# =========================
# INPUTS
# =========================
input fastLength = 9;
input slowLength = 21;
input atrLength = 14;
input expansionLevel = 0.3;
input stretchLevel = 0.8;
input higherAgg = AggregationPeriod.HOUR;

# 🔥 NEW SESSION CONTROLS
input useSessionFilter = yes;
input restrictToRTH = yes;

# =========================
# SESSION ENGINE (NEW)
# =========================
def isRTH =
    SecondsFromTime(0930) >= 0 and
    SecondsTillTime(1600) > 0;

def isEXT = !isRTH;

def sessionActive =
    if !useSessionFilter then 1
    else if restrictToRTH then isRTH
    else 1;

# =========================
# CURRENT TF
# =========================
def fastEMA = ExpAverage(close, fastLength);
def slowEMA = ExpAverage(close, slowLength);
def atr = Average(TrueRange(high, close, low), atrLength);

def spread = (fastEMA - slowEMA) / atr;

# 🔥 MOMENTUM ENGINE
def spreadSlope = spread - spread[1];
def accelerating = spreadSlope > 0;
def decelerating = spreadSlope < 0;

# 🔥 TREND + STATE
def bullishTrend = fastEMA > slowEMA;
def bearishTrend = fastEMA < slowEMA;

def compression = AbsValue(spread) < expansionLevel;
def expandingUp = spread > expansionLevel and spread > spread[1];
def expandingDown = spread < -expansionLevel and spread < spread[1];

def trendStrength = AbsValue(fastEMA - slowEMA);

# 🔥 QUALITY FILTER (UNCHANGED CORE)
def validCompression =
    compression and
    trendStrength > atr * 0.5;

# =========================
# HIGHER TF
# =========================
def hClose = close(period = higherAgg);
def hFast = ExpAverage(hClose, fastLength);
def hSlow = ExpAverage(hClose, slowLength);

def higherBull = hFast > hSlow;
def higherBear = hFast < hSlow;

# =========================
# LIQUIDITY SWEEP ENGINE (MERGED)
# =========================
input sweepLookback = 10;

def sweepRefHigh = Highest(high[1], sweepLookback);
def sweepRefLow  = Lowest(low[1], sweepLookback);

def sweepHigh =
    high > sweepRefHigh and
    close < sweepRefHigh and
    close < open;

def sweepLow =
    low < sweepRefLow and
    close > sweepRefLow and
    close > open;

# =========================
# PIVOT SWEEP ENGINE (MERGED)
# =========================
input pivotLength = 10;

def swingHigh =
    high[pivotLength] == Highest(high, pivotLength * 2 + 1);

def swingLow =
    low[pivotLength] == Lowest(low, pivotLength * 2 + 1);

rec lastHigh =
    if swingHigh then high[pivotLength]
    else lastHigh[1];

rec lastLow =
    if swingLow then low[pivotLength]
    else lastLow[1];

def bearSweep =
    high > lastHigh and
    close < lastHigh;

def bullSweep =
    low < lastLow and
    close > lastLow;

# =========================
# SIGNAL LOGIC (UNCHANGED CORE)
# =========================
def pullback =
    bullishTrend and
    higherBull and
    compression and
    spread > 0;

def qualifiedPullback =
    pullback and sweepLow;

def momentumFailure =
    spread > expansionLevel and
    spreadSlope < 0 and
    spreadSlope[1] < 0;

# =========================
# 🚫 SESSION FILTER APPLIED HERE (KEY)
# =========================
def finalLong =
    qualifiedPullback
    and sessionActive;

def finalShort =
    momentumFailure
    and sessionActive;

# =========================
# PLOTS
# =========================
plot SpreadATR = spread;
SpreadATR.SetLineWeight(2);

SpreadATR.AssignValueColor(
    if spread > stretchLevel then Color.GREEN
    else if spread > expansionLevel then Color.DARK_GREEN
    else if spread < -stretchLevel then Color.RED
    else if spread < -expansionLevel then Color.DARK_RED
    else Color.YELLOW
);

plot ZeroLine = 0;
ZeroLine.SetDefaultColor(Color.GRAY);

# =========================
# SIGNAL ARROWS (NOW SESSION-AWARE)
# =========================
plot LongSignal =
    if finalLong then spread else Double.NaN;

LongSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
LongSignal.SetDefaultColor(Color.CYAN);
LongSignal.SetLineWeight(3);

plot ShortSignal =
    if finalShort then spread else Double.NaN;

ShortSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
ShortSignal.SetDefaultColor(Color.YELLOW);
ShortSignal.SetLineWeight(3);

# =========================
# SWEEP VISUALS (UNCHANGED)
# =========================
plot SweepUp =
    if sweepLow then spread else Double.NaN;

SweepUp.SetPaintingStrategy(PaintingStrategy.POINTS);
SweepUp.SetDefaultColor(Color.GREEN);

plot SweepDown =
    if sweepHigh then spread else Double.NaN;

SweepDown.SetPaintingStrategy(PaintingStrategy.POINTS);
SweepDown.SetDefaultColor(Color.RED);

# =========================
# SESSION LABELING (NEW)
# =========================
AddLabel(yes,
    if isRTH then "SESSION: RTH"
    else "SESSION: EXTENDED",
    if isRTH then Color.GREEN else Color.GRAY
);

AddLabel(useSessionFilter,
    if !sessionActive then "SIGNALS BLOCKED (EXT)"
    else "SIGNALS ACTIVE",
    if sessionActive then Color.GREEN else Color.RED
);

# =========================
# ORIGINAL LABELS PRESERVED
# =========================
AddLabel(higherBull and bullishTrend,
    "MTF ALIGN: BULL",
    Color.GREEN);

AddLabel(pullback,
    "PULLBACK READY",
    Color.YELLOW);

AddLabel(expandingUp,
    "EXPANSION TRIGGER",
    Color.CYAN);

# =========================
# MOMENTUM SHIFT DOTS (RESTORED)
# =========================

def momentumShiftUp =
    accelerating
    and spread > 0
    and spread[1] <= 0;

plot momentumShiftUp1 =
    if momentumShiftUp then spread else Double.NaN;

momentumShiftUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
MomentumShiftUp1.SetDefaultColor(Color.CYAN);
MomentumShiftUp1.SetLineWeight(3);

plot MomentumShiftDown =
    if decelerating and spread > 0 then spread else Double.NaN;

MomentumShiftDown.SetPaintingStrategy(PaintingStrategy.POINTS);
MomentumShiftDown.SetDefaultColor(Color.YELLOW);
MomentumShiftDown.SetLineWeight(2);

 

[VR555]

Just for anyone interested I tweaked the EMA_TREND_METER for better reads and signals

# =========================================
# ANTWERKS UNIFIED ENGINE + SESSION INTELLIGENCE
# =========================================

declare lower;

# =========================
# INPUTS
# =========================
input fastLength = 9;
input slowLength = 21;
input atrLength = 14;
input expansionLevel = 0.3;
input stretchLevel = 0.8;
input higherAgg = AggregationPeriod.HOUR;

# 🔥 NEW SESSION CONTROLS
input useSessionFilter = yes;
input restrictToRTH = yes;

# =========================
# SESSION ENGINE (NEW)
# =========================
def isRTH =
    SecondsFromTime(0930) >= 0 and
    SecondsTillTime(1600) > 0;

def isEXT = !isRTH;

def sessionActive =
    if !useSessionFilter then 1
    else if restrictToRTH then isRTH
    else 1;

# =========================
# CURRENT TF
# =========================
def fastEMA = ExpAverage(close, fastLength);
def slowEMA = ExpAverage(close, slowLength);
def atr = Average(TrueRange(high, close, low), atrLength);

def spread = (fastEMA - slowEMA) / atr;

# 🔥 MOMENTUM ENGINE
def spreadSlope = spread - spread[1];
def accelerating = spreadSlope > 0;
def decelerating = spreadSlope < 0;

# 🔥 TREND + STATE
def bullishTrend = fastEMA > slowEMA;
def bearishTrend = fastEMA < slowEMA;

def compression = AbsValue(spread) < expansionLevel;
def expandingUp = spread > expansionLevel and spread > spread[1];
def expandingDown = spread < -expansionLevel and spread < spread[1];

def trendStrength = AbsValue(fastEMA - slowEMA);

# 🔥 QUALITY FILTER (UNCHANGED CORE)
def validCompression =
    compression and
    trendStrength > atr * 0.5;

# =========================
# HIGHER TF
# =========================
def hClose = close(period = higherAgg);
def hFast = ExpAverage(hClose, fastLength);
def hSlow = ExpAverage(hClose, slowLength);

def higherBull = hFast > hSlow;
def higherBear = hFast < hSlow;

# =========================
# LIQUIDITY SWEEP ENGINE (MERGED)
# =========================
input sweepLookback = 10;

def sweepRefHigh = Highest(high[1], sweepLookback);
def sweepRefLow  = Lowest(low[1], sweepLookback);

def sweepHigh =
    high > sweepRefHigh and
    close < sweepRefHigh and
    close < open;

def sweepLow =
    low < sweepRefLow and
    close > sweepRefLow and
    close > open;

# =========================
# PIVOT SWEEP ENGINE (MERGED)
# =========================
input pivotLength = 10;

def swingHigh =
    high[pivotLength] == Highest(high, pivotLength * 2 + 1);

def swingLow =
    low[pivotLength] == Lowest(low, pivotLength * 2 + 1);

rec lastHigh =
    if swingHigh then high[pivotLength]
    else lastHigh[1];

rec lastLow =
    if swingLow then low[pivotLength]
    else lastLow[1];

def bearSweep =
    high > lastHigh and
    close < lastHigh;

def bullSweep =
    low < lastLow and
    close > lastLow;

# =========================
# SIGNAL LOGIC (UNCHANGED CORE)
# =========================
def pullback =
    bullishTrend and
    higherBull and
    compression and
    spread > 0;

def qualifiedPullback =
    pullback and sweepLow;

def momentumFailure =
    spread > expansionLevel and
    spreadSlope < 0 and
    spreadSlope[1] < 0;

# =========================
# 🚫 SESSION FILTER APPLIED HERE (KEY)
# =========================
def finalLong =
    qualifiedPullback
    and sessionActive;

def finalShort =
    momentumFailure
    and sessionActive;

# =========================
# PLOTS
# =========================
plot SpreadATR = spread;
SpreadATR.SetLineWeight(2);

SpreadATR.AssignValueColor(
    if spread > stretchLevel then Color.GREEN
    else if spread > expansionLevel then Color.DARK_GREEN
    else if spread < -stretchLevel then Color.RED
    else if spread < -expansionLevel then Color.DARK_RED
    else Color.YELLOW
);

plot ZeroLine = 0;
ZeroLine.SetDefaultColor(Color.GRAY);

# =========================
# SIGNAL ARROWS (NOW SESSION-AWARE)
# =========================
plot LongSignal =
    if finalLong then spread else Double.NaN;

LongSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
LongSignal.SetDefaultColor(Color.CYAN);
LongSignal.SetLineWeight(3);

plot ShortSignal =
    if finalShort then spread else Double.NaN;

ShortSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
ShortSignal.SetDefaultColor(Color.YELLOW);
ShortSignal.SetLineWeight(3);

# =========================
# SWEEP VISUALS (UNCHANGED)
# =========================
plot SweepUp =
    if sweepLow then spread else Double.NaN;

SweepUp.SetPaintingStrategy(PaintingStrategy.POINTS);
SweepUp.SetDefaultColor(Color.GREEN);

plot SweepDown =
    if sweepHigh then spread else Double.NaN;

SweepDown.SetPaintingStrategy(PaintingStrategy.POINTS);
SweepDown.SetDefaultColor(Color.RED);

# =========================
# SESSION LABELING (NEW)
# =========================
AddLabel(yes,
    if isRTH then "SESSION: RTH"
    else "SESSION: EXTENDED",
    if isRTH then Color.GREEN else Color.GRAY
);

AddLabel(useSessionFilter,
    if !sessionActive then "SIGNALS BLOCKED (EXT)"
    else "SIGNALS ACTIVE",
    if sessionActive then Color.GREEN else Color.RED
);

# =========================
# ORIGINAL LABELS PRESERVED
# =========================
AddLabel(higherBull and bullishTrend,
    "MTF ALIGN: BULL",
    Color.GREEN);

AddLabel(pullback,
    "PULLBACK READY",
    Color.YELLOW);

AddLabel(expandingUp,
    "EXPANSION TRIGGER",
    Color.CYAN);

# =========================
# MOMENTUM SHIFT DOTS (RESTORED)
# =========================

def momentumShiftUp =
    accelerating
    and spread > 0
    and spread[1] <= 0;

plot momentumShiftUp1 =
    if momentumShiftUp then spread else Double.NaN;

momentumShiftUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
MomentumShiftUp1.SetDefaultColor(Color.CYAN);
MomentumShiftUp1.SetLineWeight(3);

plot MomentumShiftDown =
    if decelerating and spread > 0 then spread else Double.NaN;

MomentumShiftDown.SetPaintingStrategy(PaintingStrategy.POINTS);
MomentumShiftDown.SetDefaultColor(Color.YELLOW);
MomentumShiftDown.SetLineWeight(2);

Hey Antwerks, I've tried and failed to find the script you put out to add bubbles for this study. If you get a chance can you put it here?

 

[antwerks]

Hey Antwerks, I've tried and failed to find the script you put out to add bubbles for this study. If you get a chance can you put it here?

Bubbles? What bubbles? this script never had bubbles. If you are referring to the buy and sell bubbles they are here _ https://usethinkscript.com/threads/...tup-for-thinkorswim.18436/page-10#post-153512

 

[VR555]

Bubbles? What bubbles? this script never had bubbles. If you are referring to the buy and sell bubbles they are here _ https://usethinkscript.com/threads/...tup-for-thinkorswim.18436/page-10#post-153512

Sorry for my confusion . I blame it on old age.

 

[antwerks]

Sorry for my confusion . I blame it on old age.

Join the crowd LOL