RSI-VWAP For ThinkOrSwim

TPTrades

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The Author states:
This simple indicator provides great results.
It is the popular RSI indicator with VWAP as a source instead of close.
What is the Volume Weighted Average Price (VWAP)?
VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded. That is, volume.
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Hey @samer800 I have this indicator that I think would be very beneficial to my tradin and was wondering if this could be converted to ThinkorSwim. I've looked into the Ultimate RSI oscillator but think this may be more beneficial.
https://www.tradingview.com/script/ia49d7a0/
 
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Good Afternoon,

Hey @samer800 I have this indicator that I think would be very beneficial to my tradin and was wondering if this could be converted to ThinkorSwim. I've looked into the Ultimate RSI oscillator but think this may be more beneficial.

https://www.tradingview.com/script/ia49d7a0/

Here is the trading view code below:

Code:
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Xaviz

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//@version=4
strategy("RSI-VWAP INDICATOR", overlay=false, initial_capital = 1000, currency = "USD", pyramiding = 5, default_qty_type = strategy.cash, default_qty_value = 1000, commission_value = 0.04)

// ================================================================================================================================================================================
// RSI VWAP INDICATOR
// ================================================================================================================================================================================

// Initial inputs
Act_RSI_VWAP = input(true, "RSI VOLUME WEIGHTED AVERAGE PRICE")
RSI_VWAP_length = input(17, "RSI-VWAP LENGTH")
RSI_VWAP_overSold = input(19, "RSI-VWAP OVERSOLD", type=input.float)
RSI_VWAP_overBought = input(80, "RSI-VWAP OVERBOUGHT", type=input.float)

// RSI with VWAP as source
RSI_VWAP = rsi(vwap(close), RSI_VWAP_length)

// Plotting, overlay=false
r=plot(RSI_VWAP, color = RSI_VWAP > RSI_VWAP_overBought ? color.red : RSI_VWAP < RSI_VWAP_overSold ? color.lime : color.blue, title="rsi", linewidth=2, style=plot.style_line)
h1=plot(RSI_VWAP_overBought, color = color.gray, style=plot.style_stepline)
h2=plot(RSI_VWAP_overSold, color = color.gray, style=plot.style_stepline)
fill(r,h1, color = RSI_VWAP > RSI_VWAP_overBought ? color.red : na, transp = 60)
fill(r,h2, color = RSI_VWAP < RSI_VWAP_overSold ? color.lime : na, transp = 60)

// Long only Backtest
strategy.entry("Long", strategy.long, when = (crossover(RSI_VWAP, RSI_VWAP_overSold)))
strategy.close("Long", when = (crossunder(RSI_VWAP, RSI_VWAP_overBought)))
check the below:

CSS:
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © Xaviz
# strategy("RSI-VWAP INDICATOR", overlay=false,
# Converted by Sam4Cok@Samer800    - 02/2024
declare lower;

#// Initial inputs
input RSI_VWAP_length = 17; #, "RSI-VWAP LENGTH"
input RSI_VWAP_overSold = 19; #, "RSI-VWAP OVERSOLD"
input RSI_VWAP_overBought = 80; #, "RSI-VWAP OVERBOUGHT"

def na = Double.NaN;
def last = isNaN(close);
#// RSI with VWAP as source
def Vwap_  = Reference vwap();
def RSI_VWAP = rsi(Price = vwap_, Length = RSI_VWAP_length);
def col = if RSI_VWAP < RSI_VWAP_overSold then 1 else
          if RSI_VWAP > RSI_VWAP_overBought then -1 else 0;
#// Plotting, overlay=false
plot rsiVwap = RSI_VWAP; # "rsi"
plot ob = if last then na else RSI_VWAP_overBought;
plot os = if last then na else RSI_VWAP_overSold;
rsiVwap.SetLineWeight(2);
rsiVwap.AssignValueColor(if col > 0 then Color.GREEN else
                         if col < 0 then Color.RED else CreateColor(33,150,243));
ob.SetDefaultColor(Color.GRAY);
os.SetDefaultColor(Color.GRAY);

AddCloud(if col > 0 then os else na, rsiVwap, Color.GREEN);
AddCloud(if col < 0 then rsiVwap else na, ob, Color.RED);

#-- END of CODE
 

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