Savage Oscillator for ThinkorSwim

[FateOwnzYou]

Custom watchlist added into OP, of course adjust your "Reversal_Warning" and "Sensitivity" settings to your likings.
Displays the Bullish line value for bullish or bearish sentiment, along with displaying if its soon for a reversal

 

[mr.10baggers]

@FateOwnzYou thanks for the WLColumn Is the default of setting is on D Tf or 1hr TF

I try to create couple WL by using the same code by different TF

thanks

 

[FateOwnzYou]

@mr.10baggers that wouldn't be in the script, when your entering the script into the window, top left on the TOS window it will have the option to select the timeframe you want

 

[FateOwnzYou]

Tradingview conversion done by @Ozia
https://www.tradingview.com/script/Z6oYSksJ-SavageOscillator/

@Accelox I know you asked about this earlier

 

[Sharif]

It is giving a range on the scale on right side of upto 3000, how to change that so I dont have to zoom on it

 

[FateOwnzYou]

@Sharif hmm. Not sure of that issue, haven't seen that yet. Can you show me with a picture?

 

[mrukyj]

Fate, nice work on the oscillator studies. I do have a question, let's say that I am using the lower study, and the watch list study on a hourly time frame, shouldn't the bull values be the same?

 

[FateOwnzYou]

Fate, nice work on the oscillator studies. I do have a question, let's say that I am using the lower study, and the watch list study on a hourly time frame, shouldn't the bull values be the same?

make sure both your timeframe AND your watchlist are on same timeframe, along with extended hours checked on or off on both. should be the same

 

[tomsey]

Hi Fate, I love your oscillator.... On the watchlist, is there any way to color differentiate the "Reversal" between an overbought and oversold? Something like overbought being shaded red and oversold being shaded green?

 

[FateOwnzYou]

@tomsey as requested I changed it to be green when being oversold and vise versa for overbought, also added in the text color to be orange when the 2 lines are close to crossing or have just crossed. (Not sure why my top 3 stocks say loading, I know TOS has this issue sometimes, let me know if its a constant issue with anyone and ill see if its a problem on my end)

 

[tomsey]

Hey Fate, this looks fantastic!!! Thank you VERY much!!!! I also have "loading" issues sometimes but eventually, they seem to go away....

 

[Buckbull]

How do I just add the study without it affecting the color of my candles ?

 

[tomsey]

How do I just add the study without it affecting the color of my candles ?

Just click on the settings and change "Price Color" to No....

 

[FateOwnzYou]

@tomsey yes ^^^ thank you

 

[FateOwnzYou]

I Made another version of Savage, that more shows when something is trending in a direction, or when its consolidated. I didnt prefer this version as much, but figured I'd throw this on here just incase it could be useful to someone else.
Above or below gray area shows trending, insid ethe gray is consolidated.
The reversal signals werent quite as sharp on this one, So i kept the Blue candle Reversal Signals from the original on this version

declare lower;
Input Price_Color = yes;
Input Sensitivity = 1;
Input Reversal_Candle = yes;



##Stochastics
Def S1 = Max(-100, Min(100, (StochasticFull(KPeriod = 8, slowing_period = 5, averageType = AverageType.EXPONENTIAL))) - 50) / 50.01;
Def S2 = Max(-100, Min(100, (StochasticFull(KPeriod = 17, slowing_period = 5, averageType = AverageType.EXPONENTIAL))) - 50) / 50.01;
Def S3 = Max(-100, Min(100, reference RSI(2)) - 50) / 50.01;

##Bull/Bear
def Bull =(expAverage((S1 + S2 + S3)/3,Sensitivity))*10;
Def SpdChng = if Bull < 1.5 then ((movingAverage(averageType.Weighted, Bull, 20))-1.5) else ((movingAverage(averageType.Weighted, Bull, 10))-1.5);
def Bear = (SpdChng - Bull);

Plot Zero = 0;
plot line = bull - bear;


#Paint
Zero.setdefaultColor(color.gray);
addLabel(yes, if line > 3.5 then "Bullish" else if line <-3.5 then "Bearish" else "Consolidating", if line > 3.5 then Color.Green else if line < -3.5 then color.red else color.white);
assignpriceColor(if Price_Color and line > 0 then color.green else color.current);
assignpriceColor(if Price_Color and line < 0 then color.red else color.current);
assignpricecolor(if bull > 8.35 and Reversal_Candle or bull < -8 and Reversal_Candle then color.cyan else color.current);
addcloud(11, 13, color.yellow, color.yellow);
addcloud(-11, -13, color.yellow, color.yellow);
addcloud(3.5, -3.5, color.gray, color.gray);

 

[mr.10baggers]

@FateOwnzYou My watchlist show loading and reversal in black
is that normal ? thanks

 

[Accelox]

Tradingview conversion done by @Ozia
https://www.tradingview.com/script/Z6oYSksJ-SavageOscillator/

@Accelox I know you asked about this earlier

@FateOwnzYou Thanks! Is there any way to repost it? The link seems to have been taken down...

 

[Ozia]

@Accelox Here you go the trading view code for SVG. My earlier publish was taken down by trading view moderator so refer code below.

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Assembled by [USER=2840]@FateOwnzYou[/USER] on UseThinkScript.com
// Link: https://usethinkscript.com/threads/savage-oscillator-for-thinkorswim.4214/
// Modified for TradingView by Ozia

//@version=4
study(title="Savage Oscillator", shorttitle="SVG", format=format.price, precision=2, resolution="")
//Input Paramater
RSI_length = input(2)
Reversal_Warning_Candle = input(title = "Reversal_Warning Candle", type=input.bool, defval=false)
Reversal_Warning = input(8)
Sensitivity = input(1)
HighVolume = input(title = "HighVolume", type=input.bool, defval=true)
VolumeAveragingLength = input(20)
VolumePercentThreshold = input(60)

//RSI
up = rma(max(change(close), 0), RSI_length)
down = rma(-min(change(close), 0), RSI_length)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

_High1 = hline(10.0)
_High2 = hline(8.0)
_Low1 = hline(-8)
_Low2 = hline(-10)
zero = hline(0)

//Upper and Lower Zone
fill(_High1, _High2, color=color.yellow)
fill(_Low1, _Low2, color=color.yellow)

//Stochastics
k1 = ema(stoch(close, high, low, 8), 5)
k2 = ema(stoch(close, high, low, 17), 5)
mins1 = (k1 < 100 ? k1 : 100) -50
mins2 = (k2 < 100 ? k2 : 100) -50
mins3 = (rsi < 100 ? rsi : 100) -50
maxs1 = mins1 > -100 ? mins1 : -100
maxs2 = mins2 > -100 ? mins2 : -100
maxs3 = mins3 > -100 ? mins3 : -100

s1 = maxs1 / 50.01
s2 = maxs2 / 50.01
s3 = maxs3 /50.01

bull = (ema((s1 + s2 + s3)/3, Sensitivity)) * 10
wa20 = wma(bull, 20)
wa10 = wma(bull, 10)
SpdChng = bull < 1.5 ? wa20 - 1.5 : wa10 - 1.5
bear = SpdChng - bull
middle = ((bull - bear)/2)+ bear

//High Volume
aVol = rma(volume,VolumeAveragingLength)
pVol = 100 * ((volume - aVol[1])/ aVol[1])
pDot() => pVol >= VolumePercentThreshold

plot(bull, style=plot.style_linebr, linewidth=2, color=color.green)
plot(bear, style=plot.style_linebr, linewidth=2, color=color.red)
plot(middle, style=plot.style_linebr, linewidth=1, color=color.gray)

//Reversals
DReversal_Warning() => bull > Reversal_Warning
UReversal_Warning() => bull < Reversal_Warning * -1
barcolor(Reversal_Warning_Candle and DReversal_Warning() ? color.blue : UReversal_Warning() ? color.orange : na)
barcolor(Reversal_Warning_Candle and UReversal_Warning() ? color.blue : UReversal_Warning() ? color.orange : na)
plotshape(pDot() and HighVolume ? true : na, style=shape.circle, color=color.aqua, location=location.absolute, transp = 0, size = size.tiny)

plotshape(DReversal_Warning(), style=shape.circle, color=color.orange, location=location.top, textcolor=color.black, transp = 0, size = size.tiny)
plotshape(UReversal_Warning() , style=shape.circle, color=color.red, location=location.bottom, textcolor=color.black, transp = 0, size = size.tiny)

 

[FateOwnzYou]

@Ozia Thank you

 

[jay2]

This indicator best for daily timeframe?