StochasticSlow with Bollinger Bands Indicator for ThinkorSwim

[DudeDastic]

How about a StochasticSlow_BB, similar to the MACD with Bollinger Bands Indicator for ThinkorSwim?

 

[generic]

@DudeDastic Too lazy to make it look nice. Imo, doesn't look that great.

# TS_MACD_BB

# By Eric Purdy, ThinkScripter LLC

# http://www.thinkscripter.com

# [email protected]

# Last Update 07 Feb 2011

# modification to color scheme by Rick_K 12/26/20.


declare lower;


input price = close;

input BBlength = 10;

input BBNum_Dev = 1.0;

input MACDfastLength = 12;

input MACDslowLength = 26;

input MACDLength = 5;


def MACD_Data = stochasticSlow();

plot MACD_Line = MACD_Data;


plot BB_Upper = reference BollingerBands(price = MACD_Line, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).UpperBand;

plot BB_Lower = reference BollingerBands(price = MACD_Line, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).Lowerband;

plot BB_Midline = reference BollingerBands(price = MACD_Line, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).MidLine;


BB_Upper.SetDefaultColor(Color.CYAN);

BB_Lower.SetDefaultColor(Color.CYAN);

#BB_Midline.SetDefaultColor(Color.GRAY);

#BB_Midline.SetStyle(Curve.SHORT_DASH);


#MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] then color.green else color.red);

MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] and MACD_Line >= BB_Upper then Color.GREEN else if MACD_Line < MACD_Line[1] and MACD_Line >= BB_Upper then Color.DARK_GREEN else if MACD_Line < MACD_Line[1] and MACD_Line <= BB_Lower then Color.RED else if MACD_Line > MACD_Line[1] and MACD_Line <= BB_Lower then Color.DARK_RED else Color.GRAY);

MACD_Line.SetLineWeight(1);


#MACD_Dots.AssignValueColor(if MACD_Line > MACD_Line[1] then Color.green else Color.RED);

MACD_line.AssignValueColor(if MACD_Line > MACD_Line[1] and MACD_Line > BB_Upper then Color.GREEN else if MACD_Line < MACD_Line[1] and MACD_Line > BB_Upper then Color.DARK_GREEN else if MACD_Line < MACD_Line[1] and MACD_Line < BB_Lower then Color.RED else if MACD_Line > MACD_Line[1] and MACD_Line < BB_Lower then Color.DARK_RED else Color.GRAY);

MACD_line.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);

MACD_line.SetLineWeight(2);


plot zero = 0;

zero.SetDefaultColor(Color.WHITE);

zero.SetStyle(Curve.SHORT_DASH);

zero.SetLineWeight(1);