Ripster Clouds For ThinkOrSwim

[useThinkScript]

Do you replace anything in the code or just add to it ? I don’t know how to code but I’m going to figure this out

The code snippet that you included in your post was created to be appended to the bottom of this script:
https://usethinkscript.com/threads/ripster-clouds-for-thinkorswim.19107/#post-117418

 

[Katsu]

Where can I find the indicator from post 1

 

[useThinkScript]

Where can I find the indicator from post 1

Apologies. The first post now contains the code!
https://usethinkscript.com/threads/ripster-clouds-for-thinkorswim.19107/#post-143547

 

[mashume]

Do you replace anything in the code or just add to it ? I don’t know how to code but I’m going to figure this out

These three lines were used to replace one line in the initial / original post. The third is the addCloud line, changed to use global colors (defined in lines 1 and 2 of this snippet). You need to take out the original line and add these three to make it work.

-mashume

 

[EnV-T]

Good evening,

I was wondering if it would be possible to make this coding
https://usethinkscript.com/threads/ripster-clouds-for-thinkorswim.19107/#post-143539
into being able to change the colors of the MTF clouds to being able to distinguish between the higher time frames such as following:

If by default, the 50 ema cloud for the 1hr (which is the higher time frame while we are looking at a 10 minute chart) is set to default as cyan, allow us to choose the color of each EMA cloud in relation to the time frame that we want adjusted.

input price = close;
input displace = 0;
input length1 = 50;
input length2 = 55;
input length3 = 20;
input length4 = 21;
input period = AggregationPeriod.DAY;
input averageType = AverageType.Exponential;

def MA1 = MovingAverage(averageType, close(period = period) [-displace], length = length1);
def MA2 = MovingAverage(averageType, close(period = period) [-displace], length = length2);
def MA3 = MovingAverage(averageType, close(period = period) [-displace], length = length3);
def MA4 = MovingAverage(averageType, close(period = period) [-displace], length = length4);

#AddCloud(ma1,ma2, (CreateColor(255, 240, 0)));
#AddCloud(ma3,ma4, (CreateColor(100, 240, 0)));
addcloud(ma1,ma2, color.yellow, color.dark_orange);
addcloud(ma3,ma4, color.green, color.red);

 

[GaMoneyDr]

Good evening,

I was wondering if it would be possible to make this coding
https://usethinkscript.com/threads/ripster-clouds-for-thinkorswim.19107/#post-143539
into being able to change the colors of the MTF clouds to being able to distinguish between the higher time frames such as following:

If by default, the 50 ema cloud for the 1hr (which is the higher time frame while we are looking at a 10 minute chart) is set to default as cyan, allow us to choose the color of each EMA cloud in relation to the time frame that we want adjusted.

input price = close;
input displace = 0;
input length1 = 50;
input length2 = 55;
input length3 = 20;
input length4 = 21;
input period = AggregationPeriod.DAY;
input averageType = AverageType.Exponential;

def MA1 = MovingAverage(averageType, close(period = period) [-displace], length = length1);
def MA2 = MovingAverage(averageType, close(period = period) [-displace], length = length2);
def MA3 = MovingAverage(averageType, close(period = period) [-displace], length = length3);
def MA4 = MovingAverage(averageType, close(period = period) [-displace], length = length4);

#AddCloud(ma1,ma2, (CreateColor(255, 240, 0)));
#AddCloud(ma3,ma4, (CreateColor(100, 240, 0)));
addcloud(ma1,ma2, color.yellow, color.dark_orange);
addcloud(ma3,ma4, color.green, color.red);

I second your request. Hopefully someone can add to this great study and add customizable colors (transparency) and EMA lengths to the MTF clouds and lines. I have a hard time seeing the clouds sometimes unless I make them obnoxiously bright. Some optional up arrow / down arrow signals would be great too.

 

[rewardiaz]

I second your request. Hopefully someone can add to this great study and add customizable colors (transparency) and EMA lengths to the MTF clouds and lines. I have a hard time seeing the clouds sometimes unless I make them obnoxiously bright. Some optional up arrow / down arrow signals would be great too.

Here you have the real MTF code. RIP use hl2 not close value.

Regarding Colors you can change them at DefineGlobalColor.

# ########################################
# Ripster MTF Cloud 1h

# ########################################
# Chart Coloring
DefineGlobalColor("orange", CreateColor(33, 150, 243));
DefineGlobalColor("blueish", CreateColor(255, 183, 77));

input fast_ema = 34; # Hourly EMA 1 Short Length
input slow_ema = 50; # Hourly EMA 1 Long Length
input aggr = AggregationPeriod.HOUR; # Use hourly aggregation

# Higher Time Frame EMAs for EMA 1 (Hourly)
def ema1 = ExpAverage(hl2(period = aggr), fast_ema);
def ema2 = ExpAverage(hl2(period = aggr), slow_ema);

# Fill the cloud between the EMAs for (Hourly)
AddCloud(ema1, ema2, GlobalColor("orange"), GlobalColor("blueish"));

# ########################################
# Ripster MTF Cloud Daily

# ########################################
# Chart Coloring
DefineGlobalColor("green", CreateColor(0, 165, 0));
DefineGlobalColor("blue", CreateColor(255, 183, 77));

input maLen1 = 50; # EMA 1 Short Length
input maLen2 = 55; # EMA 1 Long Length
input maLen3 = 20; # EMA 2 Short Length
input maLen4 = 21; # EMA 2 Long Length

input aggr = AggregationPeriod.DAY; # Use daily aggregation

# Higher Time Frame EMAs for EMA 1 (Daily)
def ema1 = ExpAverage(hl2(period = aggr), maLen1);
def ema2 = ExpAverage(hl2(period = aggr), maLen2);

# Higher Time Frame EMAs for EMA 2 (Daily)
def ema3 = ExpAverage(hl2(period = aggr), maLen3);
def ema4 = ExpAverage(hl2(period = aggr), maLen4);

# Fill the cloud between the EMAs for EMA 1 (Daily)
AddCloud(ema1, ema2, GlobalColor("green"), CreateColor(255, 183, 77));

# Fill the cloud between the EMAs for EMA 2 (Daily)
AddCloud(ema3, ema4, GlobalColor("blue"), GlobalColor("green"));

 

[Sai]

Does any one has any scan based off of EMA Cloud ?

Does any one has any Scans/Studies from RipSter Clouds?

 

[MerryDay]

append this code snippet to the bottom of your study:

plot scan = ema5 crosses above ema13; scan.hide();

set up your scan hacker as follows:
https://usethinkscript.com/threads/how-to-use-thinkorswim-stock-hacker-scans.284/

 

[Vinnertrade]

Does anyone know how to scan for stocks that are bullish per the Ripster EMA cloud.

Here is the script for it. Can someone help with converting it to a scanner?

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.ten_MIN;
input displace = 0;
input averageType = AverageType.EXPONENTIAL;
input length1 = 5;
input length2 = 12;
input length3 = 34;
input length4 = 50;

def MovAvg1 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length1);
def MovAvg2 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length2);
def MovAvg3 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length3);
def MovAvg4 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length4);

input BubbleOn = yes;
input bubblemover = 1;
def n = bubblemover;
def n1 = n + 1;
def bloc = bubbleon and isnan(close[n]) and !isnan(close[n1]);

# Plot EMAs
plot fib1 = MovAvg1;
plot fib2 = MovAvg2;
plot fib3 = MovAvg3;
plot fib4 = MovAvg4;

# Create separate plots for different cloud conditions
plot greenCloud1 = if fib1 >= fib2 then fib1 else Double.NaN;
plot blueCloud1 = if fib1 < fib2 then fib2 else Double.NaN;
plot greenCloud2 = if fib3 >= fib4 then fib3 else Double.NaN;
plot pinkCloud2 = if fib3 < fib4 then fib4 else Double.NaN;

# Add clouds between EMAs with updated colors
AddCloud(greenCloud1, fib2, Color.GREEN, Color.GREEN);
AddCloud(blueCloud1, fib1, Color.BLUE, Color.BLUE);
AddCloud(greenCloud2, fib4, Color.yellow, Color.yellow);
AddCloud(pinkCloud2, fib3, Color.magenta, Color.magenta);

# Set EMA line colors
fib1.SetDefaultColor(CreateColor(255, 255, 255));
fib2.SetDefaultColor(CreateColor(116, 189, 232));
fib3.SetDefaultColor(CreateColor(255, 165, 0));
fib4.SetDefaultColor(CreateColor(255, 105, 180));

# Add bubbles
AddChartBubble(bloc, fib1[n1], "5 TenEma", CreateColor(255, 255, 255), yes);
AddChartBubble(bloc, fib2[n1], "12 TenEma", CreateColor(116, 189, 232), yes);
AddChartBubble(bloc, fib3[n1], "34 TenEma ", CreateColor(255, 165, 0), yes);
AddChartBubble(bloc, fib4[n1], "50 TenEma", CreateColor(255, 105, 180), yes);

Is it possible to not wait for the candle to close and get the alert when the price is crossing the clouds or within the cloud (5/12) and (34/50)

@samer800 is this something you can help with?

 

[halcyonguy]

Does anyone know how to scan for stocks that are bullish per the Ripster EMA cloud.

Here is the script for it. Can someone help with converting it to a scanner?

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.ten_MIN;
input displace = 0;
input averageType = AverageType.EXPONENTIAL;
input length1 = 5;
input length2 = 12;
input length3 = 34;
input length4 = 50;

def MovAvg1 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length1);
def MovAvg2 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length2);
def MovAvg3 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length3);
def MovAvg4 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length4);

input BubbleOn = yes;
input bubblemover = 1;
def n = bubblemover;
def n1 = n + 1;
def bloc = bubbleon and isnan(close[n]) and !isnan(close[n1]);

# Plot EMAs
plot fib1 = MovAvg1;
plot fib2 = MovAvg2;
plot fib3 = MovAvg3;
plot fib4 = MovAvg4;

# Create separate plots for different cloud conditions
plot greenCloud1 = if fib1 >= fib2 then fib1 else Double.NaN;
plot blueCloud1 = if fib1 < fib2 then fib2 else Double.NaN;
plot greenCloud2 = if fib3 >= fib4 then fib3 else Double.NaN;
plot pinkCloud2 = if fib3 < fib4 then fib4 else Double.NaN;

# Add clouds between EMAs with updated colors
AddCloud(greenCloud1, fib2, Color.GREEN, Color.GREEN);
AddCloud(blueCloud1, fib1, Color.BLUE, Color.BLUE);
AddCloud(greenCloud2, fib4, Color.yellow, Color.yellow);
AddCloud(pinkCloud2, fib3, Color.magenta, Color.magenta);

# Set EMA line colors
fib1.SetDefaultColor(CreateColor(255, 255, 255));
fib2.SetDefaultColor(CreateColor(116, 189, 232));
fib3.SetDefaultColor(CreateColor(255, 165, 0));
fib4.SetDefaultColor(CreateColor(255, 105, 180));

# Add bubbles
AddChartBubble(bloc, fib1[n1], "5 TenEma", CreateColor(255, 255, 255), yes);
AddChartBubble(bloc, fib2[n1], "12 TenEma", CreateColor(116, 189, 232), yes);
AddChartBubble(bloc, fib3[n1], "34 TenEma ", CreateColor(255, 165, 0), yes);
AddChartBubble(bloc, fib4[n1], "50 TenEma", CreateColor(255, 105, 180), yes);

Is it possible to not wait for the candle to close and get the alert when the price is crossing the clouds or within the cloud (5/12) and (34/50)

@samer800 is this something you can help with?

no, not until you define what has to happen in order for it to be 'bullish'

 

[FellowTrader]

please share a code for buy /sell signals based on the ema colors like green is buy and red is sell labels
if we have any, could not find anywhere

 

[FellowTrader]

https://imgur.com/mGirfVW

Share link: http://tos.mx/grQvL0Y

Here is my chart setup that includes a modified version of Ripster's EMA clouds, volume labels that show the daily relative volume and the relative volume of the current bar, stacked ema labels (https://usethinkscript.com/threads/stacked-moving-averages-for-thinkorswim.4719/post-77119), ROC (https://usethinkscript.com/threads/price-rate-of-change-roc-for-thinkorswim.8549/#post-102522), and volume profile.

Nice code.is there a way we can configure buy/sell labels based on ema colors like green/red