TEMA Derivative Indicator for ThinkorSwim

WbKiki

New member
VIP
Someone in the Discord server had asked for an indicator to determine where the inflection points were on an EMA. I figured it would look interesting taking the derivative of the TEMA. I also added a bunch of them. Looks pretty interesting IMO.

Code:
#############################
# TEMA DERIVATIVE INDICATOR #
#############################

declare lower;

input price = close;
input length = 10;
plot zero = 0;

def ema1 = ExpAverage(price, length);
def ema2 = ExpAverage(ema1, length);
def ema3 = ExpAverage(ema2, length);

def TEMA = 3 * ema1 - 3 * ema2 + ema3;
#TEMA.SetDefaultColor(GetColor(0));

input length2 = 3;
def derivative = ((TEMA[0] - TEMA[length2]) / (length2));
#derivative.SetDefaultColor(CreateColor(255, 155, 255));
#derivative.SetLineWeight(1);
addCloud(derivative/6, zero, color.green, color.light_red, no);

input length3 = 3;
def derivative2 = ((derivative[0] - derivative[length3]) / (length3));
#derivative2.SetDefaultColor(CreateColor(255, 155, 255));
#derivative2.SetLineWeight(1);
addCloud(derivative2/2, zero, color.green, color.light_red, no);

input length4 = 3;
def derivative3 = ((derivative2[0] - derivative2[length4]) / (length4));
#derivative3.SetDefaultColor(CreateColor(255, 155, 255));
#derivative3.SetLineWeight(1);
addCloud(derivative3, zero, color.green, color.light_red, no);

input length5 = 3;
def derivative4 = ((derivative3[0] - derivative3[length5]) / (length5));
#derivative4.SetDefaultColor(CreateColor(255, 155, 255));
#derivative4.SetLineWeight(1);
addCloud(derivative4, zero, color.green, color.light_red, no);

input length6 = 3;
def derivative5 = ((derivative4[0] - derivative4[length6]) / (length6));
#derivative5.SetDefaultColor(CreateColor(255, 155, 255));
#derivative5.SetLineWeight(1);
addCloud(derivative5, zero, color.green, color.light_red, no);

input length7 = 3;
def derivative6 = ((derivative5[0] - derivative5[length7]) / (length7));
#derivative6.SetDefaultColor(CreateColor(255, 155, 255));
#derivative6.SetLineWeight(1);
addCloud(derivative6, zero, color.green, color.light_red, no);

input length8 = 3;
def derivative7 = ((derivative6[0] - derivative6[length8]) / (length8));
#derivative7.SetDefaultColor(CreateColor(255, 155, 255));
#derivative7.SetLineWeight(1);
addCloud(derivative7, zero, color.green, color.light_red, no);

input length9 = 3;
def derivative8 = ((derivative7[0] - derivative7[length9]) / (length9));
#derivative8.SetDefaultColor(CreateColor(255, 155, 255));
#derivative8.SetLineWeight(1);
addCloud(derivative8, zero, color.green, color.light_red, no);

input length10 = 3;
def derivative9 = ((derivative8[0] - derivative8[length10]) / (length10));
#derivative9.SetDefaultColor(CreateColor(255, 155, 255));
#derivative9.SetLineWeight(1);
addCloud(derivative9, zero, color.green, color.light_red, no);

input length11 = 3;
def derivative10 = ((derivative9[0] - derivative9[length11]) / (length11));
#derivative10.SetDefaultColor(CreateColor(255, 155, 255));
#derivative10.SetLineWeight(1);
addCloud(derivative10, zero, color.green, color.light_red, no);

Screenshot-7.png
 

Similar threads

Top