Tennis Ball Action For ThinkOrSwim

S

Sai

Member
Per the author:
Inspired by Mark Minervini's sell rules in "Think and Trade Like a Champion".

Used to determine if a stock is behaving well after a breakout
Used to determine when it might by prudent to reduce a position or sell
Used as a visual aid, but based purely off price and volume action
kYsee7M.png


@samer800 or conversion experts ,
Can you pls help me to navigate right direction on converting TradingView script below to TOS.
https://www.tradingview.com/script/kdK5Uh0q-Tennis-Ball-Action/
 
Last edited by a moderator:

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Sai said:
@samer800 or conversion experts ,
Can you pls help me to navigate right direction on converting TradingView script below to TOS.
https://www.tradingview.com/script/kdK5Uh0q-Tennis-Ball-Action/
This is the script which used to identify the leaders acting well or not after breakout to decide to buy for trend continuation or to sell based on Mark Minervini's VCP implementation
Click to expand...
check the below:

CSS: 
# https://www.tradingview.com/v/kdK5Uh0q/
#//@SprintInvestor
#study(title="Tennis Ball Action", shorttitle="Tennis Ball Action", overlay=false)
# Converted by Sam4Cok@Samer800    - 01/2024
Declare lower;
#// Condition 1: Ants
#// Function to update the upCloseCounter
input colorBars = yes;

def na = Double.NaN;
def last = isNaN(Close);

def c = close;
def h = high;
def l = low;
def o = open;
def v = volume;

def sma50 = Average(c, 50);
def sma20 = Average(c, 20);
def sma20Volume = Average(v, 20);
def range_top = (h + l) / 2;
#// Update the upCloseCounter and check the condition on each bar
def upCloseCounter = Sum(if c > c[1] then 1 else 0, 15);
#// Check if there are 12 or more up closes in the last 15 days
def up_days = upCloseCounter >= 12;
#// Condition 2: 9 or more out of the last 15 closes in the upper 50% of the range
#// Calculate the upper 50% of the range
def upper50Condition = Sum(if c >= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def conditionMet = upper50Condition >= 9;
#// Condition 3: Bullish engulfing outside day
def bullish_engulfing = (c > o and c >= h[1] and o <= c[1]);
#// Condition 4: Stock is up 3% or more on the dayl
def change = c/o;
def up_condition_4 = (change >= 1.03);
#// Condition 5: Inside day condition
def up_condition_5 = h < h[1] and l > l[1];
#// Condition 6: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_6 = c < sma50;
#// Conidition 7: Weak close
#// Calculate the condition
def lower50Condition = Sum(if c <= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def down_condition_7 = lower50Condition >= 9;
#// Condition 8: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_8 = c < sma20;
#// Condition 9: 3 lower lows
def down_condition_9 = c < c[1] and c < c[2];
#// Condition 10: down on above average volume
def down_condition_10 = c < c[1] and v > sma20Volume;
#// Initialize counts for Confirmations and Violations

#// Update Confirmations and Violations counts
def confirmations = up_days + conditionMet + bullish_engulfing + up_condition_4 + up_condition_5;
def violations = down_condition_6 + down_condition_7 + down_condition_8 + down_condition_9 + down_condition_10;
def trend = confirmations - violations;

AssignPriceColor(if !colorBars then Color.CURRENT else
                 if trend > 2 then Color.GREEN else
                 if trend > 0 then Color.DARK_GREEN else
                 if trend <-2 then Color.RED else
                 if trend < 0 then Color.DARK_RED else Color.GRAY);


#// Plot Confirmations and Violations on the same histogram
plot conf = if last then na else confirmations;      # "Confirmations"
plot viol = if last then na else -violations;        # "Violations"
conf.SetDefaultColor(Color.GREEN);
viol.SetDefaultColor(Color.RED);
conf.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
viol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);


#-- END of CODE
 
samer800 said:
check the below:

CSS: 
# https://www.tradingview.com/v/kdK5Uh0q/
#//@SprintInvestor
#study(title="Tennis Ball Action", shorttitle="Tennis Ball Action", overlay=false)
# Converted by Sam4Cok@Samer800    - 01/2024
Declare lower;
#// Condition 1: Ants
#// Function to update the upCloseCounter
input colorBars = yes;

def na = Double.NaN;
def last = isNaN(Close);

def c = close;
def h = high;
def l = low;
def o = open;
def v = volume;

def sma50 = Average(c, 50);
def sma20 = Average(c, 20);
def sma20Volume = Average(v, 20);
def range_top = (h + l) / 2;
#// Update the upCloseCounter and check the condition on each bar
def upCloseCounter = Sum(if c > c[1] then 1 else 0, 15);
#// Check if there are 12 or more up closes in the last 15 days
def up_days = upCloseCounter >= 12;
#// Condition 2: 9 or more out of the last 15 closes in the upper 50% of the range
#// Calculate the upper 50% of the range
def upper50Condition = Sum(if c >= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def conditionMet = upper50Condition >= 9;
#// Condition 3: Bullish engulfing outside day
def bullish_engulfing = (c > o and c >= h[1] and o <= c[1]);
#// Condition 4: Stock is up 3% or more on the dayl
def change = c/o;
def up_condition_4 = (change >= 1.03);
#// Condition 5: Inside day condition
def up_condition_5 = h < h[1] and l > l[1];
#// Condition 6: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_6 = c < sma50;
#// Conidition 7: Weak close
#// Calculate the condition
def lower50Condition = Sum(if c <= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def down_condition_7 = lower50Condition >= 9;
#// Condition 8: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_8 = c < sma20;
#// Condition 9: 3 lower lows
def down_condition_9 = c < c[1] and c < c[2];
#// Condition 10: down on above average volume
def down_condition_10 = c < c[1] and v > sma20Volume;
#// Initialize counts for Confirmations and Violations

#// Update Confirmations and Violations counts
def confirmations = up_days + conditionMet + bullish_engulfing + up_condition_4 + up_condition_5;
def violations = down_condition_6 + down_condition_7 + down_condition_8 + down_condition_9 + down_condition_10;
def trend = confirmations - violations;

AssignPriceColor(if !colorBars then Color.CURRENT else
                 if trend > 2 then Color.GREEN else
                 if trend > 0 then Color.DARK_GREEN else
                 if trend <-2 then Color.RED else
                 if trend < 0 then Color.DARK_RED else Color.GRAY);


#// Plot Confirmations and Violations on the same histogram
plot conf = if last then na else confirmations;      # "Confirmations"
plot viol = if last then na else -violations;        # "Violations"
conf.SetDefaultColor(Color.GREEN);
viol.SetDefaultColor(Color.RED);
conf.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
viol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);


#-- END of CODE
Click to expand...
Awesome. Thank you Thank YOU!!!
 
samer800 said:
check the below:

CSS: 
# https://www.tradingview.com/v/kdK5Uh0q/
#//@SprintInvestor
#study(title="Tennis Ball Action", shorttitle="Tennis Ball Action", overlay=false)
# Converted by Sam4Cok@Samer800    - 01/2024
Declare lower;
#// Condition 1: Ants
#// Function to update the upCloseCounter
input colorBars = yes;

def na = Double.NaN;
def last = isNaN(Close);

def c = close;
def h = high;
def l = low;
def o = open;
def v = volume;

def sma50 = Average(c, 50);
def sma20 = Average(c, 20);
def sma20Volume = Average(v, 20);
def range_top = (h + l) / 2;
#// Update the upCloseCounter and check the condition on each bar
def upCloseCounter = Sum(if c > c[1] then 1 else 0, 15);
#// Check if there are 12 or more up closes in the last 15 days
def up_days = upCloseCounter >= 12;
#// Condition 2: 9 or more out of the last 15 closes in the upper 50% of the range
#// Calculate the upper 50% of the range
def upper50Condition = Sum(if c >= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def conditionMet = upper50Condition >= 9;
#// Condition 3: Bullish engulfing outside day
def bullish_engulfing = (c > o and c >= h[1] and o <= c[1]);
#// Condition 4: Stock is up 3% or more on the dayl
def change = c/o;
def up_condition_4 = (change >= 1.03);
#// Condition 5: Inside day condition
def up_condition_5 = h < h[1] and l > l[1];
#// Condition 6: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_6 = c < sma50;
#// Conidition 7: Weak close
#// Calculate the condition
def lower50Condition = Sum(if c <= range_top then 1 else 0, 15);
#// TRUE if 9 or more out of the last 15 closes are in the upper 50% of the range
def down_condition_7 = lower50Condition >= 9;
#// Condition 8: Negative confirmation when the stock closes below the 50-day SMA
def down_condition_8 = c < sma20;
#// Condition 9: 3 lower lows
def down_condition_9 = c < c[1] and c < c[2];
#// Condition 10: down on above average volume
def down_condition_10 = c < c[1] and v > sma20Volume;
#// Initialize counts for Confirmations and Violations

#// Update Confirmations and Violations counts
def confirmations = up_days + conditionMet + bullish_engulfing + up_condition_4 + up_condition_5;
def violations = down_condition_6 + down_condition_7 + down_condition_8 + down_condition_9 + down_condition_10;
def trend = confirmations - violations;

AssignPriceColor(if !colorBars then Color.CURRENT else
                 if trend > 2 then Color.GREEN else
                 if trend > 0 then Color.DARK_GREEN else
                 if trend <-2 then Color.RED else
                 if trend < 0 then Color.DARK_RED else Color.GRAY);


#// Plot Confirmations and Violations on the same histogram
plot conf = if last then na else confirmations;      # "Confirmations"
plot viol = if last then na else -violations;        # "Violations"
conf.SetDefaultColor(Color.GREEN);
viol.SetDefaultColor(Color.RED);
conf.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
viol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);


#-- END of CODE
Click to expand...
@samer800, please convert this script into a scan; your expertise in this task is greatly appreciated.
 
Dan3200 said:
@samer800, please convert this script into a scan; your expertise in this task is greatly appreciated.
Click to expand...
Code: 
# Tennis Ball Action SCREENER – Bullish Setup
def upCloseCounter = Sum(if close > close[1] then 1 else 0, 15);
def up_days = upCloseCounter >= 12;

def range_top = (high + low) / 2;
def upper50Condition = Sum(if close >= range_top then 1 else 0, 15);
def conditionMet = upper50Condition >= 9;

def bullish_engulfing = (close > open and close >= high[1] and open <= close[1]);

def change = close / open;
def up_condition_4 = change >= 1.03;
def up_condition_5 = high < high[1] and low > low[1];

def sma50 = Average(close, 50);
def sma20 = Average(close, 20);
def sma20Volume = Average(volume, 20);

def down_condition_6 = close < sma50;
def lower50Condition = Sum(if close <= range_top then 1 else 0, 15);
def down_condition_7 = lower50Condition >= 9;
def down_condition_8 = close < sma20;
def down_condition_9 = close < close[1] and close < close[2];
def down_condition_10 = close < close[1] and volume > sma20Volume;

def confirmations = up_days + conditionMet + bullish_engulfing + up_condition_4 + up_condition_5;
def violations = down_condition_6 + down_condition_7 + down_condition_8 + down_condition_9 + down_condition_10;

def trend = confirmations - violations;

plot scan = trend > 2;
 
Much needed labels - add this to the bottom of the script
Code: 
# === Interpretive Labels ===
AddLabel(yes,
    "Confirmations: " + confirmations + " | Violations: " + violations + " | Trend Score: " + trend,
    if trend > 2 then Color.GREEN
    else if trend > 0 then Color.DARK_GREEN
    else if trend < -2 then Color.RED
    else if trend < 0 then Color.DARK_RED
    else Color.LIGHT_GRAY
);

AddLabel(yes,
    if trend > 2 then "Strong Bullish Bias: Bounce Setup Likely"
    else if trend > 0 then "Mild Bullish Bias"
    else if trend < -2 then "Strong Bearish Bias: Breakdown Risk"
    else if trend < 0 then "Mild Bearish Bias"
    else "Neutral / No Clear Edge",
    if trend > 2 then Color.GREEN
    else if trend > 0 then Color.DARK_GREEN
    else if trend < -2 then Color.RED
    else if trend < 0 then Color.DARK_RED
    else Color.GRAY
);

AddLabel(yes,
    if confirmations >= 3 and violations <= 1 then "Watch for Bounce Setup"
    else if violations >= 3 and confirmations <= 1 then "Warning: Breakdown Risk"
    else "Monitoring: No Strong Signal Yet",
    if confirmations >= 3 and violations <= 1 then Color.LIGHT_GREEN
    else if violations >= 3 and confirmations <= 1 then Color.LIGHT_RED
    else Color.LIGHT_GRAY
);
AddLabel(yes, "Conditions Met: " + confirmations + "/5 bullish, " + violations + "/5 bearish",
    if trend > 0 then Color.GREEN else if trend < 0 then Color.RED else Color.LIGHT_GRAY);

https://imgur.com/9LgTSig
 
Thank you so much, antwerks, for providing the vital script for the scanner. I appreciate your effort! However, I ran into an error with the second bottom "addlabel" that says, "AddLabel is not allowed in this context." Additionally, the link
https://imgur.com/9LgTSig
isn't working either. I would greatly appreciate your help in resolving these matters. Thank you!
 
Dan3200 said:
Thank you so much, antwerks, for providing the vital script for the scanner. I appreciate your effort! However, I ran into an error with the second bottom "addlabel" that says, "AddLabel is not allowed in this context." Additionally, the link
https://imgur.com/9LgTSig
isn't working either. I would greatly appreciate your help in resolving these matters. Thank you!
Click to expand...
oops do not add the labels to the scanner just the indicator sorry I was not very clear just copy this for the scanner- the link is just a picture of the indicator on a chart
Code: 
# Tennis Ball Action SCREENER – Bullish Setup
def upCloseCounter = Sum(if close > close[1] then 1 else 0, 15);
def up_days = upCloseCounter >= 12;

def range_top = (high + low) / 2;
def upper50Condition = Sum(if close >= range_top then 1 else 0, 15);
def conditionMet = upper50Condition >= 9;

def bullish_engulfing = (close > open and close >= high[1] and open <= close[1]);

def change = close / open;
def up_condition_4 = change >= 1.03;
def up_condition_5 = high < high[1] and low > low[1];

def sma50 = Average(close, 50);
def sma20 = Average(close, 20);
def sma20Volume = Average(volume, 20);

def down_condition_6 = close < sma50;
def lower50Condition = Sum(if close <= range_top then 1 else 0, 15);
def down_condition_7 = lower50Condition >= 9;
def down_condition_8 = close < sma20;
def down_condition_9 = close < close[1] and close < close[2];
def down_condition_10 = close < close[1] and volume > sma20Volume;

def confirmations = up_days + conditionMet + bullish_engulfing + up_condition_4 + up_condition_5;
def violations = down_condition_6 + down_condition_7 + down_condition_8 + down_condition_9 + down_condition_10;

def trend = confirmations - violations;

plot scan = trend > 2;
 
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