The Stiffness Indicator For ThinkOrSwim

[rich2000]

Would any one be able to convert this for Think or swim. It's from Trader tips NOV 2018. I'm just looking for the moving averages not the indicator.

Below is the script for Tradestaion.

Thanks

https://traders.com/Documentation/FEEDbk_docs/2018/11/TradersTips.html#item4

 

[HODL-Lay-HE-hoo!]

input MALength = 100;
input StiffnessLength = 60;
input Threshold = 90;

def MAValue = MovingAverage(AverageType.SIMPLE, close, MALength);
def MACorValue = MAValue - 0.2 * StDev(close, MALength);
def NumAboveMA = if close > MAValue then NumAboveMA[1] + 1 else 0;

def Stiffness_1 = 100 * (NumAboveMA / StiffnessLength);
def StiffnessEMA_1 = ExpAverage(Stiffness_1, StiffnessLength);

plot MA_COR = MACorValue;
plot MA = MAValue;

MA_COR.SetDefaultColor(GetColor(8));
MA.SetDefaultColor(GetColor(5));

plot Stiffness = Stiffness_1;
plot StiffnessEMA = StiffnessEMA_1;

Stiffness.SetDefaultColor(GetColor(3));
StiffnessEMA.SetDefaultColor(GetColor(4));

 

[rich2000]

Thank you HODL-Lay-HE-hoo. It looks great. I would post a picture not sure how. Thanks again

I use this on a 5 minute chart. Bullish above and bearish below. Thanks again HODL-Lay-HE-hoo

I use Stiffness indicator with DEC 2022 Traders Tips.
https://traders.com/Documentation/FEEDbk_docs/2022/12/TradersTips.html.

https://imgur.com/a/SEaPSF1

Picture

 

[FOTM_8888]

Thank you HODL-Lay-HE-hoo. It looks great. I would post a picture not sure how. Thanks again

I use this on a 5 minute chart. Bullish above and bearish below. Thanks again HODL-Lay-HE-hoo

I use Stiffness indicator with DEC 2022 Traders Tips.
https://traders.com/Documentation/FEEDbk_docs/2022/12/TradersTips.html.

https://imgur.com/a/SEaPSF1

Picture

the system in the picture above! look pretty good. i hope we can get it here in the community.

 

[HODL-Lay-HE-hoo!]

the system in the picture above! look pretty good. i hope we can get it here in the community.

The green and red line in the image above is the code provided. Did not include the others. I have yet to read what the strategy is but it’s certainly doable good sir.

 

[HODL-Lay-HE-hoo!]

Made the stiffness MA a cloud and added Ehlers (stiffness) cloud as well that can be turned on or off in settings: http://tos.mx/4RGaLhE (Replaced link (again) to fix the gap in the clouds - added arrows

Ehlers Stiffness Cloud

MA Stiffness Cloud

#Stiffness MA/Ehlers Clouds



input MALength = 100;
input StiffnessLength = 60;
input Threshold = 90;
input ELlength = 23;
input coloredCandlesOn = no;
input show_ema_cloud_Ehlers = yes;
input show_ema_cloud_MA = no;
input show_Ehlers_arrows = yes;
input show_MA_arrows = no;

def price = (high + low) / 2;

def coeff = ELlength * price * price - 2 * price * sum(price, ELlength)[1] + sum(price * price, ELlength)[1];

plot Ehlers = sum(coeff * price, ELlength) / sum(coeff, ELlength);
Ehlers.SetDefaultColor(Color.light_gray);

def c = close;
def o = open;

def MAValue = MovingAverage(AverageType.SIMPLE, close, MALength);
def MACorValue = MAValue - 0.2 * StDev(close, MALength);
def NumAboveMA = if close > MAValue then NumAboveMA[1] + 1 else 0;

def MAValue2 = sum(coeff * price, ELlength) / sum(coeff, ELlength);
def MACorValue2 = MAValue2 - 0.2 * StDev(close, ELLength);
def NumAboveMA2 = if close > MAValue2 then NumAboveMA2[1] + 1 else 0;

def Stiffness_Ehlers = 100 * (NumAboveMA2 / StiffnessLength);
def Stiffness_Ehlers_2 = ExpAverage(Stiffness_Ehlers, StiffnessLength);

plot MA_COR = MACorValue;
plot MA = MAValue;

plot MA_COR2 = MACorValue2;
plot MA2 = MAValue2;

#def compressed = MAValue2 - MACorValue2;

#def compression = if (compressed <= 1) then 1 else 0;

#plot Squeeze_Alert = if compression then 1 else 0;
#Squeeze_Alert.SetPaintingStrategy(PaintingStrategy.POINTS);
#Squeeze_Alert.SetLineWeight(5);
#Squeeze_Alert.SetDefaultColor(Color.white);                                                                                        

def MA_Cor2_UP = if ((MA_cor2 > MA_cor2[1])) then 1 else 0;
def MA_Cor2_dn = if ((MA_cor2 < MA_cor2[1])) then 1 else 0;

def MA_Cor_UP = if ((MA_cor > MA_cor[1])) then 1 else 0;
def MA_Cor_dn = if ((MA_cor < MA_cor[1])) then 1 else 0;

plot MA_Cor2_UP_1 = if show_MA_arrows and MA_Cor2_UP and !MA_Cor2_UP[1] then low else Double.NaN;
MA_Cor2_UP_1.SetPaintingStrategy(PaintingSTrategy.ARROW_up);
MA_Cor2_UP_1.SetDefaultColor(Color.white);     

plot MA_Cor2_DN_1 = if  show_MA_arrows and MA_Cor2_DN and !MA_Cor2_DN[1] then high  else Double.NaN;
MA_Cor2_DN_1.SetPaintingSTrategy(paintingSTrategy.Arrow_DOWN);
MA_Cor2_DN_1.SetDefaultColor(Color.white);     

plot MA_Cor_UP_2 = if  show_Ehlers_arrows and MA_Cor2_UP and !MA_Cor2_UP[1] then low else Double.NaN;
MA_Cor_UP_2.SetPaintingStrategy(PaintingSTrategy.ARROW_up);
MA_Cor_UP_2.SetDefaultColor(Color.white);     

plot MA_Cor_DN_2 = if  show_Ehlers_arrows and MA_Cor2_DN and !MA_Cor2_DN[1] then high  else Double.NaN;
MA_Cor_DN_2.SetPaintingSTrategy(paintingSTrategy.Arrow_DOWN);
MA_Cor_DN_2.SetDefaultColor(Color.white);  

AddCloud(if show_ema_cloud_Ehlers and MA_Cor2 < close then MA_cor2 else MA2, MA_cor2,  Color.LIGHT_red, Color.green);
AddCloud(if show_ema_cloud_Ehlers and MA_Cor2 > close then MA2 else MA_COR2, MA2,  Color.LIGHT_red, Color.green);

AddCloud(if show_ema_cloud_MA and ((MA_cor > MA_cor[1])and(MA > MA[1])) then MA_cor else MA, MA,  Color.LIGHT_red, Color.green);
AddCloud(if show_ema_cloud_MA and ((MA_cor < MA_cor[1])and(MA < MA[1])) then MA else MA_COR, MA_COR,  Color.LIGHT_red, Color.green);


#plot Crossup3 = Crossup2;
#Crossup3.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Up);
#Crossup3.SetDefaultColor(Color.Orange);
#Crossup3.SetLineWeight(arrow_size2);

#plot Crossdown3 = Crossdown2;
#Crossdown3.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
#Crossdown3.SetDefaultColor(Color.orange);
#Crossdown3.SetLineWeight(arrow_size2);
#plot Stiffness = Stiffness_1;
#plot StiffnessEMA = StiffnessEMA_1;

#Stiffness.SetDefaultColor(GetColor(3));
#StiffnessEMA.SetDefaultColor(GetColor(4));

 

[FOTM_8888]

Made the stiffness MA a cloud and added Ehlers (stiffness) cloud as well that can be turned on or off in settings: http://tos.mx/HaRKFfV

Ehlers Stiffness Cloud

MA Stiffness Cloud

@HODL-Lay-HE-hoo! thank you for this great indicator. question the arrow are not working correct? if so how can we active it? thank you in advance

 

[HODL-Lay-HE-hoo!]

@HODL-Lay-HE-hoo! thank you for this great indicator. question the arrow are not working correct? if so how can we active it? thank you in advance

At the moment this study does not have arrows but ill work on it

 

[FOTM_8888]

At the moment this study does not have arrows but ill work on it

@HODL-Lay-HE-hoo! thank you, ill be waiting!