Top G indicator [BigBeluga] For ThinkOrSwim

[Zlotko]

The author states: designed to identify market extremes, helping traders spot potential tops and bottoms effectively.
Key Features:
High Probability Signals:

• 𝔾 Label: Indicates high-probability market bottoms based on specific conditions such as low volatility and momentum shifts.
• ^ (Caret): Marks potential bottom areas with less certainty than 𝔾 labels.
• v (Inverted Caret): Signals potential top areas with less certainty than Top labels.

Midline Visualization:

• A smoothed midline helps identify the center of the current range, providing additional context for trend and range trading.

Range Highlighting:

• Dynamic bands around the highest and lowest points of the selected period

Here is the original Tradingview code:
https://www.tradingview.com/script/JOE1tYTo-Top-G-indicator-BigBeluga/


For the new ThinkOrSwim code, you must scroll down to the next post


Buy Low, Sell High! This Indicator Shows Market Tops & Bottoms

 

[samer800]

Could we convert this?
Top G Indicator Big Beluga
https://www.tradingview.com/script/JOE1tYTo-Top-G-indicator-BigBeluga/


Buy Low, Sell High! This Indicator Shows Market Tops & Bottoms

// This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International
// https://creativecommons.org/licenses/by-nc-sa/4.0/
// © BigBeluga
//@version=6
indicator("Top G indicator [BigBeluga]", overlay = true, max_labels_count = 500)
// ＩＮＰＵＴＳ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
int length = input.int(150)
color main_col = input.color(#CD7F32, "Main Color")
color col_na = color.new(color.black, 100)
// }

// ＣＡＬＣＵＬＡＴＩＯＮＳ―――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――
lowest_highest(length)=>
series float lowest_src = ta.lowest(length)
series float highest_src = ta.highest(length)
series float mid = ta.hma(math.avg(lowest_src, highest_src), 15)
[lowest_src, highest_src, mid]

signals(lowest_src, highest_src)=>
float roc = ta.roc(close, 8)
roc := roc / ta.stdev(roc, 200)
bool top = high < highest_src and high[1] == highest_src[1] and roc[2] > 2 and lowest_src == lowest_src[5] and barstate.isconfirmed
bool G = low[1] == lowest_src[1] and low > lowest_src and low[2] == lowest_src[2] and roc[2] < -2 and barstate.isconfirmed
bool simple_g = low[1] == lowest_src[1] and low > lowest_src and not G and barstate.isconfirmed
bool simple_top = high < highest_src and high[1] == highest_src[1] and not top and barstate.isconfirmed
[top, G, simple_g, simple_top]

draw_labels(top, G, highest_src, lowest_src, simple_g, simple_top)=>
if top
label.new(time, highest_src, "Top", xloc = xloc.bar_time, color = col_na, textcolor = chart.fg_color)
if G
label.new(time, lowest_src, "𝔾", xloc = xloc.bar_time, color = col_na, textcolor = main_col, style = label.style_label_up, size = size.large)

if simple_g
label.new(time, lowest_src, "^", xloc = xloc.bar_time, color = col_na, textcolor = color.new(main_col, 30), style = label.style_label_up, size = size.large)
if simple_top
label.new(time, highest_src, "˅", xloc = xloc.bar_time, color = col_na, textcolor = color.new(main_col, 30))

[lowest_src, highest_src, mid] = lowest_highest(length)
[top, G, simple_g, simple_top] = signals(lowest_src, highest_src)
draw_labels(top, G, highest_src, lowest_src, simple_g, simple_top)
// }

// ＰＬＯＴ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
ph = plot(highest_src, color = bar_index % 2 == 0 ? main_col : na)
plot(mid, "", color.new(chart.fg_color, 50))
pl = plot(lowest_src, color = main_col, linewidth = 1)
plot(lowest_src, color = color.new(main_col, 80), linewidth = 5)
fill(pl, ph, highest_src, lowest_src, na, color.new(main_col, 90))
// }


or -------------------


Pine Script™ indicator

Top G indicator [BigBeluga]​

// This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International
// https://creativecommons.org/licenses/by-nc-sa/4.0/
// © BigBeluga

//@version=6
indicator("Top G indicator [BigBeluga]", overlay = true, max_labels_count = 500)

// ＩＮＰＵＴＳ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
int length = input.int(150)
color main_col = input.color(#CD7F32, "Main Color")
color col_na = color.new(color.black, 100)
// }


// ＣＡＬＣＵＬＡＴＩＯＮＳ―――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――

lowest_highest(length)=>
series float lowest_src = ta.lowest(length)
series float highest_src = ta.highest(length)
series float mid = ta.hma(math.avg(lowest_src, highest_src), 15)
[lowest_src, highest_src, mid]


signals(lowest_src, highest_src)=>
float roc = ta.roc(close, 8)
roc := roc / ta.stdev(roc, 200)

bool top = high < highest_src and high[1] == highest_src[1] and roc[2] > 2 and lowest_src == lowest_src[5] and barstate.isconfirmed
bool G = low[1] == lowest_src[1] and low > lowest_src and low[2] == lowest_src[2] and roc[2] < -2 and barstate.isconfirmed

bool simple_g = low[1] == lowest_src[1] and low > lowest_src and not G and barstate.isconfirmed

check the below. I added MACD divergence check as well:

#// Indicator for TOS
#// © BigBeluga
#indicator("Top G indicator [BigBeluga]", overlay = true, max_la
# Converted by Sam4Cok@Samer800     - 02/2025

input showGChannel = yes;
input gChannelLength = 150;
input useMacdFilter = yes;
input macdFastLength = 12;
input macdSlowLength = 26;
input macdSignalLength = 9;
input macdAverageType = AverageType.EXPONENTIAL;

def na = Double.NaN;
def last = IsNaN(close);

# // ＣＡＬＣＵＬＡＴＩＯＮＳ
def lowest_src = Lowest(low, gChannelLength);
def highest_src = Highest(high, gChannelLength);
def avg = (highest_src + lowest_src) / 2;
def mid = HullMovingAvg(avg, 15);
def roc1 = 100 * (close - close[8]) / close[8];
def roc = roc1 / StDev(roc1, 200);
def top = high < highest_src and high[1] == highest_src[1] and roc[2] > 2 and lowest_src == lowest_src[5] and !last;
def G   = low[1] == lowest_src[1] and low > lowest_src and low[2] == lowest_src[2] and roc[2] < -2 and !last;
def simple_g = low[1] == lowest_src[1] and low > lowest_src and !G and !last;
def simple_top = high < highest_src and high[1] == highest_src[1] and !top and !last;


#// ＰＬＯＴ
plot ph = if showGchannel then highest_src else na; #, color = bar_index % 2 == 0 ? main_col : na)
plot md = if showGchannel then mid else na; #, "", color.new(chart.fg_color, 50))
plot pl = if showGchannel then lowest_src else na; #, color = main_col, linewidth = 1)

ph.SetStyle(Curve.SHORT_DASH);
ph.SetDefaultColor(Color.LIGHT_ORANGE);
md.SetDefaultColor(Color.GRAY);
pl.SetDefaultColor(Color.LIGHT_ORANGE);

# MACD

def MACD = MovingAverage(macdAverageType, close, macdFastLength) - MovingAverage(macdAverageType, close, macdSlowLength);
def Signal = MovingAverage(macdAverageType, MACD, macdSignalLength);
def hist = MACD - Signal;
def crossUp = (hist > 0) and (hist[1] <= 0);
def crossDn = (hist < 0) and (hist[1] >= 0);

def maxUp = if crossUp then 0 else if hist > 0 then Max(maxUp[1], hist) else maxUp[1];
def minDn = if crossDn then 0 else if hist < 0 then Min(minDn[1], hist) else minDn[1];
def PreUp = if !maxUp then maxUp[1] else PreUp[1];
def PreDn = if !minDn then minDn[1] else PreDn[1];

plot signalUp = useMacdFilter and G and hist < 0 and minDn > PreDn;
plot signalDn = useMacdFilter and top and hist > 0 and maxUp < PreUp;

signalUp.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signalDn.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
signalUp.SetDefaultColor(Color.CYAN);
signalDn.SetDefaultColor(Color.MAGENTA);

#-- Top & G

plot simpleTop = if simple_top then high else na;
plot simpleG = if simple_g then low else na;

simpleTop.SetDefaultColor(Color.ORANGE);
simpleG.SetDefaultColor(Color.ORANGE);
simpleTop.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_UP);
simpleG.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_DOWN);

AddChartBubble(!signalDn and top, highest_src, "Top", Color.WHITE);
AddChartBubble(!signalUp and G, lowest_src, "G", Color.LIGHT_ORANGE, no);


#-- ENd of CODE

 

[csricksdds]

check the below. I added MACD divergence check as well:

#// Indicator for TOS
#// © BigBeluga
#indicator("Top G indicator [BigBeluga]", overlay = true, max_la
# Converted by Sam4Cok@Samer800     - 02/2025

input showGChannel = yes;
input gChannelLength = 150;
input useMacdFilter = yes;
input macdFastLength = 12;
input macdSlowLength = 26;
input macdSignalLength = 9;
input macdAverageType = AverageType.EXPONENTIAL;

def na = Double.NaN;
def last = IsNaN(close);

# // ＣＡＬＣＵＬＡＴＩＯＮＳ
def lowest_src = Lowest(low, gChannelLength);
def highest_src = Highest(high, gChannelLength);
def avg = (highest_src + lowest_src) / 2;
def mid = HullMovingAvg(avg, 15);
def roc1 = 100 * (close - close[8]) / close[8];
def roc = roc1 / StDev(roc1, 200);
def top = high < highest_src and high[1] == highest_src[1] and roc[2] > 2 and lowest_src == lowest_src[5] and !last;
def G   = low[1] == lowest_src[1] and low > lowest_src and low[2] == lowest_src[2] and roc[2] < -2 and !last;
def simple_g = low[1] == lowest_src[1] and low > lowest_src and !G and !last;
def simple_top = high < highest_src and high[1] == highest_src[1] and !top and !last;


#// ＰＬＯＴ
plot ph = if showGchannel then highest_src else na; #, color = bar_index % 2 == 0 ? main_col : na)
plot md = if showGchannel then mid else na; #, "", color.new(chart.fg_color, 50))
plot pl = if showGchannel then lowest_src else na; #, color = main_col, linewidth = 1)

ph.SetStyle(Curve.SHORT_DASH);
ph.SetDefaultColor(Color.LIGHT_ORANGE);
md.SetDefaultColor(Color.GRAY);
pl.SetDefaultColor(Color.LIGHT_ORANGE);

# MACD

def MACD = MovingAverage(macdAverageType, close, macdFastLength) - MovingAverage(macdAverageType, close, macdSlowLength);
def Signal = MovingAverage(macdAverageType, MACD, macdSignalLength);
def hist = MACD - Signal;
def crossUp = (hist > 0) and (hist[1] <= 0);
def crossDn = (hist < 0) and (hist[1] >= 0);

def maxUp = if crossUp then 0 else if hist > 0 then Max(maxUp[1], hist) else maxUp[1];
def minDn = if crossDn then 0 else if hist < 0 then Min(minDn[1], hist) else minDn[1];
def PreUp = if !maxUp then maxUp[1] else PreUp[1];
def PreDn = if !minDn then minDn[1] else PreDn[1];

plot signalUp = useMacdFilter and G and hist < 0 and minDn > PreDn;
plot signalDn = useMacdFilter and top and hist > 0 and maxUp < PreUp;

signalUp.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signalDn.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
signalUp.SetDefaultColor(Color.CYAN);
signalDn.SetDefaultColor(Color.MAGENTA);

#-- Top & G

plot simpleTop = if simple_top then high else na;
plot simpleG = if simple_g then low else na;

simpleTop.SetDefaultColor(Color.ORANGE);
simpleG.SetDefaultColor(Color.ORANGE);
simpleTop.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_UP);
simpleG.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_DOWN);

AddChartBubble(!signalDn and top, highest_src, "Top", Color.WHITE);
AddChartBubble(!signalUp and G, lowest_src, "G", Color.LIGHT_ORANGE, no);


#-- ENd of CODE

Your conversion skills samer never cease to amaze me!

 

[Santhosh]

Upon reviewing historical signals for different stocks, this indicator provides the most precise buy and sell arrows. This has become my new favorite indicator. Thank you very much, Samer and Zlotko

 

[fire580]

Upon reviewing historical signals for different stocks, this indicator provides the most precise buy and sell arrows. This has become my new favorite indicator. Thank you very much, Samer and Zlotko

What time frame have you been looking at?

 

[Santhosh]

What time frame have you been looking at?

Daily, 4-hour, 2-hour, and 1-hour time frames (ETF's and US Stocks). I am uncertain about the effectiveness of this indicator for timeframes under 1 hour, as I have not examined it, being a swing trader rather than a day trader.