Trade Terrain Plotter For ThinkOrSwim

TraderZen

TraderZen

Member
Trade Terrain Plotter:

Goal: Create an “Non-Indicator” Indicator, with minimum calculations involved. The user gets visual clues about Impulse, Direction, Trend, Entry/Exit, Stop-Loss, Support and Resistance, Run and Rest zones. Demand and Supply zones should be easily identifiable with observing the volume spikes.

Esoteric Aesthetics: Gray mid-Channel. Green and Red zones below and above.

Feature: Not a lagging indicator. No averages involved. Helpful hints are available in top labels.

This Chart overlap can be used in combination with the PPS, MACD, Smooth Sailing and the Anticipated Price level Indicators.

Bh2vAxh.png

Code: 
#--------------------------------------------------------------------------------------------------
# Trade Terrain Plotter
# TraderZen
# V 2.0
# High and Low Squeeze levels.
#--------------------------------------------------------------------------------------------------

input Calculation_Base = {"vwap", default "close"};

def H200 = highest(close,200);
def H100 = highest(close,100);
def H50 = highest(close,50);
def H20 = highest(close,20);
def L200 = Lowest(close,200);
def L100 = Lowest(close,100);
def L50 = Lowest(close,50);
def L20 = Lowest(close,20);
plot C = if calculation_Base == calculation_Base.vwap then VWAP else CLOSE;

Plot PH200 = H200;
Plot PH100 = H100;
Plot PH50 = H50;
Plot PH20 = H20;

PH200.AssignValueColor(If H200 > H200[1] then color.Dark_green else if H200 < H200[1] then color.Dark_red else color.dark_gray);
PH100.AssignValueColor(If H100 > H100[1] then color.green else if H100 < H100[1] then color.red else color.gray);
PH50.AssignValueColor(If H50 > H50[1] then color.light_green else if H50 < H50[1] then color.light_red else color.light_gray);
PH20.AssignValueColor(If H20 > H20[1] then color.lime else if H20 < H20[1] then color.pink else color.current);

Plot PL200 = L200;
Plot PL100 = L100;
Plot PL50 = L50;
Plot PL20 = L20;
# Plot MM = (H50+L50)/2;
Plot MM = (H20+L20)/2;

PL200.AssignValueColor(If L200 > L200[1] then color.Dark_green else if L200 < L200[1] then color.Dark_red else color.dark_gray);
PL100.AssignValueColor(If L100 > L100[1] then color.Green else if L100 < L100[1] then color.red else color.gray);
PL50.AssignValueColor(If L50 > L50[1] then color.light_green else if L50 < L50[1] then color.light_red else color.light_gray);
PL20.AssignValueColor(If L20 > L20[1] then color.lime else if L20 < L20[1] then color.pink else color.current);

MM.SetPaintingStrategy(PaintingStrategy.LINE);
MM.AssignValueColor(If C > MM then color.cyan else color.Magenta );

#Def cond = if H50 - C < C - L50 then yes else no;
Def cond = if H20 - C < C - L20 then yes else no;

C.AssignValueColor(if cond then color.upTICK else color.DownTICK);

AddCloud(C,PH20, color.gray, color.dark_gray, no);
AddCloud(C,PL20, color.gray , color.dark_gray, no);
AddCloud(PH50,PH20, color.light_red,color.light_green,no);
AddCloud(PL50,PL20, color.light_red,color.light_green,no);
AddCloud(PH100,PH50, color.red,color.green,no);
AddCloud(PL100,PL50, color.red,color.green,no);
AddCloud(PH200,PH100, color.dark_red,Color.dark_green,no);
AddCloud(PL200,PL100, color.dark_red,Color.dark_green,no);

PH50.SetStyle(curve.points);
PL50.SetStyle(curve.points);
c.hide();

#AddChartBubble(cond && cond !=cond[1],low,"Up", color.UpTick);
#AddChartBubble(!(cond) && cond !=cond[1] ,high,"Down", color.DownTick);

AddLabel(yes, "Impulse:" + if c/(h50+l50) >=.5 then "Up" else "Down",
               if c/(h50+l50) >=.5 then color.uptiCK else color.downTICK);

##### ------ Pattern finder
Def HLevel1 = if  c/(h50+l50) >=.5 then yes else no;
Def HLevel2 = if H50 >= H100 then yes else No;
Def HLevel3 = if H100 >= H200 then yes else no;

Def LLevel1 = if  c/(h50+l50) <=.5 then yes else no;
Def LLevel2 = if L50 <= L100 then Yes else no;
Def LLevel3 = if L100<= L200 then Yes else no;

Def UpTrendLevel = If HLevel1 && HLevel2 && HLevel3 then 4
               else if HLevel2 && HLevel3 then 3     
               else if Hlevel1 && HLevel2 then 2
               else if HLevel1 then 1
               else 0; 

Def DnTrendLevel = If LLevel1 && LLevel2 && LLevel3 then 4
               else if LLevel2 && LLevel3 then 3
               else if Llevel1 && LLevel2 then 2
               else if LLevel1 then 1
               else 0; 

AddLabel(yes, "UpTrend Level: " + UpTrendLevel + " DnTrend Level: " + DnTrendLevel,  if upTrendLevel > DnTrendLevel then color.uptiCK else color.downTICK);

def HSqueeze =      if !isNan(HSqueeze[1]) and H20 > H20[1] then HSqueeze[1] + 1
             else if !isNan(HSqueeze[1]) and H20 < H20[1] then HSqueeze[1] - 1   
             else HSqueeze[1];
def LSqueeze =     if !isNan(LSqueeze[1]) and L20 < L20[1] then LSqueeze[1] - 1
             else if !isNan(LSqueeze[1]) and L20 > L20[1] then LSqueeze[1] + 1   
             else LSqueeze[1];
AddLabel(yes, "HSqueeze: " + HSqueeze + ", LSqueeze: " + LSqueeze,
     if HSqueeze > HSqueeze[1] && LSqueeze > LSqueeze[1] then color.uptick
else if HSqueeze < HSqueeze[1] && LSqueeze < LSqueeze[1] then color.downTICK
else color.yeLLOW); 
 
# Happy Trading. TZ 11/29/2022
Rich (BB code): 
#--------------------------------------------------------------------------------------------------
# Trade Terrain Plotter
# TraderZen
# V 1.0
#--------------------------------------------------------------------------------------------------

input Calculation_Base = {"vwap", default "close"};

def H200 = highest(close,200);
def H100 = highest(close,100);
def H50 = highest(close,50);
def H20 = highest(close,20);
def L200 = Lowest(close,200);
def L100 = Lowest(close,100);
def L50 = Lowest(close,50);
def L20 = Lowest(close,20);
plot C = if calculation_Base == calculation_Base.vwap then VWAP else CLOSE;

Plot PH200 = H200;
Plot PH100 = H100;
Plot PH50 = H50;
Plot PH20 = H20;

PH200.AssignValueColor(If H200 > H200[1] then color.Dark_green else if H200 < H200[1] then color.Dark_red else color.dark_gray);
PH100.AssignValueColor(If H100 > H100[1] then color.green else if H100 < H100[1] then color.red else color.gray);
PH50.AssignValueColor(If H50 > H50[1] then color.light_green else if H50 < H50[1] then color.light_red else color.light_gray);
PH20.AssignValueColor(If H20 > H20[1] then color.lime else if H20 < H20[1] then color.pink else color.current);

Plot PL200 = L200;
Plot PL100 = L100;
Plot PL50 = L50;
Plot PL20 = L20;
Plot MM = (H50+L50)/2;

PL200.AssignValueColor(If L200 > L200[1] then color.Dark_green else if L200 < L200[1] then color.Dark_red else color.dark_gray);
PL100.AssignValueColor(If L100 > L100[1] then color.Green else if L100 < L100[1] then color.red else color.gray);
PL50.AssignValueColor(If L50 > L50[1] then color.light_green else if L50 < L50[1] then color.light_red else color.light_gray);
PL20.AssignValueColor(If L20 > L20[1] then color.lime else if L20 < L20[1] then color.pink else color.current);

MM.SetPaintingStrategy(PaintingStrategy.LINE);
MM.AssignValueColor(If C > MM then color.cyan else color.Magenta );

Def cond = if H50 - C < C - L50 then yes else no;

C.AssignValueColor(if cond then color.upTICK else color.DownTICK);

AddCloud(C,PH20, color.gray, color.dark_gray, no);
AddCloud(C,PL20, color.gray , color.dark_gray, no);
AddCloud(PH50,PH20, color.light_red,color.light_green,no);
AddCloud(PL50,PL20, color.light_red,color.light_green,no);
AddCloud(PH100,PH50, color.red,color.green,no);
AddCloud(PL100,PL50, color.red,color.green,no);
AddCloud(PH200,PH100, color.dark_red,Color.dark_green,no);
AddCloud(PL200,PL100, color.dark_red,Color.dark_green,no);

PH50.SetStyle(curve.points);
PL50.SetStyle(curve.points);
c.hide();

#AddChartBubble(cond && cond !=cond[1],low,"Up", color.UpTick);
#AddChartBubble(!(cond) && cond !=cond[1] ,high,"Down", color.DownTick);

AddLabel(yes, "Impulse:" + if c/(h50+l50) >=.5 then "Up" else "Down",
               if c/(h50+l50) >=.5 then color.uptiCK else color.downTICK);

##### ------ Pattern finder
Def HLevel1 = if  c/(h50+l50) >=.5 then yes else no;
Def HLevel2 = if H50 >= H100 then yes else No;
Def HLevel3 = if H100 >= H200 then yes else no;

Def LLevel1 = if  c/(h50+l50) <=.5 then yes else no;
Def LLevel2 = if L50 <= L100 then Yes else no;
Def LLevel3 = if L100<= L200 then Yes else no;

Def UpTrendLevel = If HLevel1 && HLevel2 && HLevel3 then 4
               else if HLevel2 && HLevel3 then 3    
               else if Hlevel1 && HLevel2 then 2
               else if HLevel1 then 1
               else 0;

Def DnTrendLevel = If LLevel1 && LLevel2 && LLevel3 then 4
               else if LLevel2 && LLevel3 then 3
               else if Llevel1 && LLevel2 then 2
               else if LLevel1 then 1
               else 0;

AddLabel(yes, "UpTrend Level: " + UpTrendLevel + " DnTrend Level: " + DnTrendLevel,  if upTrendLevel > DnTrendLevel then color.uptiCK else color.downTICK);

def Squeez = if !isNan(Squeez[1]) and (H50-L50) > (H50[1]-L50[1]) then Squeez[1] + 1
             else if !isNan(Squeez[1]) and (H50-L50) < (H50[1]-L50[1]) then Squeez[1] -1
             else Squeez[1];
AddLabel(yes, "Run: " + Squeez + ", High: " + Highest(Squeez,50) + ", Low: " + Lowest(Squeez,50), if squeez > squeez[1] then color.UpTick else
                                   if squeez < squeez[1] then color.downTick else
                                                              color.yellow);
 
# Happy Trading. TZ 11/29/2022
 
Last edited:

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TraderZen said:
Trade Terrain Plotter:

Goal: Create an “Non-Indicator” Indicator, with minimum calculations involved. The user gets visual clues about Impulse, Direction, Trend, Entry/Exit, Stop-Loss, Support and Resistance, Run and Rest zones. Demand and Supply zones should be easily identifiable with observing the volume spikes.

Esoteric Aesthetics: Gray mid-Channel. Green and Red zones below and above.

Feature: Not a lagging indicator. No averages involved. Helpful hints are available in top labels.

This Chart overlap can be used in combination with the PPS, MACD, Smooth Sailing and the Anticipated Price level Indicators.

Bh2vAxh.png


Rich (BB code): 
#--------------------------------------------------------------------------------------------------
# Trade Terrain Plotter
# TraderZen
# V 1.0
#--------------------------------------------------------------------------------------------------

input Calculation_Base = {"vwap", default "close"};

def H200 = highest(close,200);
def H100 = highest(close,100);
def H50 = highest(close,50);
def H20 = highest(close,20);
def L200 = Lowest(close,200);
def L100 = Lowest(close,100);
def L50 = Lowest(close,50);
def L20 = Lowest(close,20);
plot C = if calculation_Base == calculation_Base.vwap then VWAP else CLOSE;

Plot PH200 = H200;
Plot PH100 = H100;
Plot PH50 = H50;
Plot PH20 = H20;

PH200.AssignValueColor(If H200 > H200[1] then color.Dark_green else if H200 < H200[1] then color.Dark_red else color.dark_gray);
PH100.AssignValueColor(If H100 > H100[1] then color.green else if H100 < H100[1] then color.red else color.gray);
PH50.AssignValueColor(If H50 > H50[1] then color.light_green else if H50 < H50[1] then color.light_red else color.light_gray);
PH20.AssignValueColor(If H20 > H20[1] then color.lime else if H20 < H20[1] then color.pink else color.current);

Plot PL200 = L200;
Plot PL100 = L100;
Plot PL50 = L50;
Plot PL20 = L20;
Plot MM = (H50+L50)/2;

PL200.AssignValueColor(If L200 > L200[1] then color.Dark_green else if L200 < L200[1] then color.Dark_red else color.dark_gray);
PL100.AssignValueColor(If L100 > L100[1] then color.Green else if L100 < L100[1] then color.red else color.gray);
PL50.AssignValueColor(If L50 > L50[1] then color.light_green else if L50 < L50[1] then color.light_red else color.light_gray);
PL20.AssignValueColor(If L20 > L20[1] then color.lime else if L20 < L20[1] then color.pink else color.current);

MM.SetPaintingStrategy(PaintingStrategy.LINE);
MM.AssignValueColor(If C > MM then color.cyan else color.Magenta );

Def cond = if H50 - C < C - L50 then yes else no;

C.AssignValueColor(if cond then color.upTICK else color.DownTICK);

AddCloud(C,PH20, color.gray, color.dark_gray, no);
AddCloud(C,PL20, color.gray , color.dark_gray, no);
AddCloud(PH50,PH20, color.light_red,color.light_green,no);
AddCloud(PL50,PL20, color.light_red,color.light_green,no);
AddCloud(PH100,PH50, color.red,color.green,no);
AddCloud(PL100,PL50, color.red,color.green,no);
AddCloud(PH200,PH100, color.dark_red,Color.dark_green,no);
AddCloud(PL200,PL100, color.dark_red,Color.dark_green,no);

PH50.SetStyle(curve.points);
PL50.SetStyle(curve.points);
c.hide();

#AddChartBubble(cond && cond !=cond[1],low,"Up", color.UpTick);
#AddChartBubble(!(cond) && cond !=cond[1] ,high,"Down", color.DownTick);

AddLabel(yes, "Impulse:" + if c/(h50+l50) >=.5 then "Up" else "Down",
               if c/(h50+l50) >=.5 then color.uptiCK else color.downTICK);

##### ------ Pattern finder
Def HLevel1 = if  c/(h50+l50) >=.5 then yes else no;
Def HLevel2 = if H50 >= H100 then yes else No;
Def HLevel3 = if H100 >= H200 then yes else no;

Def LLevel1 = if  c/(h50+l50) <=.5 then yes else no;
Def LLevel2 = if L50 <= L100 then Yes else no;
Def LLevel3 = if L100<= L200 then Yes else no;

Def UpTrendLevel = If HLevel1 && HLevel2 && HLevel3 then 4
               else if HLevel2 && HLevel3 then 3    
               else if Hlevel1 && HLevel2 then 2
               else if HLevel1 then 1
               else 0;

Def DnTrendLevel = If LLevel1 && LLevel2 && LLevel3 then 4
               else if LLevel2 && LLevel3 then 3
               else if Llevel1 && LLevel2 then 2
               else if LLevel1 then 1
               else 0;

AddLabel(yes, "UpTrend Level: " + UpTrendLevel + " DnTrend Level: " + DnTrendLevel,  if upTrendLevel > DnTrendLevel then color.uptiCK else color.downTICK);

def Squeez = if !isNan(Squeez[1]) and (H50-L50) > (H50[1]-L50[1]) then Squeez[1] + 1
             else if !isNan(Squeez[1]) and (H50-L50) < (H50[1]-L50[1]) then Squeez[1] -1
             else Squeez[1];
AddLabel(yes, "Run: " + Squeez + ", High: " + Highest(Squeez,50) + ", Low: " + Lowest(Squeez,50), if squeez > squeez[1] then color.UpTick else
                                   if squeez < squeez[1] then color.downTick else
                                                              color.yellow);
 
# Happy Trading. TZ 11/29/2022
Click to expand...
Nice! I've been watching it with the SPY today and has given really nice entries when paired with the RSI and a reversal study. Cheers!
 
TraderZen said:
Trade Terrain Plotter:

Goal: Create an “Non-Indicator” Indicator, with minimum calculations involved. The user gets visual clues about Impulse, Direction, Trend, Entry/Exit, Stop-Loss, Support and Resistance, Run and Rest zones. Demand and Supply zones should be easily identifiable with observing the volume spikes.

Esoteric Aesthetics: Gray mid-Channel. Green and Red zones below and above.

Feature: Not a lagging indicator. No averages involved. Helpful hints are available in top labels.

This Chart overlap can be used in combination with the PPS, MACD, Smooth Sailing and the Anticipated Price level Indicators.

Bh2vAxh.png


Rich (BB code): 
#--------------------------------------------------------------------------------------------------
# Trade Terrain Plotter
# TraderZen
# V 1.0
#--------------------------------------------------------------------------------------------------

input Calculation_Base = {"vwap", default "close"};

def H200 = highest(close,200);
def H100 = highest(close,100);
def H50 = highest(close,50);
def H20 = highest(close,20);
def L200 = Lowest(close,200);
def L100 = Lowest(close,100);
def L50 = Lowest(close,50);
def L20 = Lowest(close,20);
plot C = if calculation_Base == calculation_Base.vwap then VWAP else CLOSE;

Plot PH200 = H200;
Plot PH100 = H100;
Plot PH50 = H50;
Plot PH20 = H20;

PH200.AssignValueColor(If H200 > H200[1] then color.Dark_green else if H200 < H200[1] then color.Dark_red else color.dark_gray);
PH100.AssignValueColor(If H100 > H100[1] then color.green else if H100 < H100[1] then color.red else color.gray);
PH50.AssignValueColor(If H50 > H50[1] then color.light_green else if H50 < H50[1] then color.light_red else color.light_gray);
PH20.AssignValueColor(If H20 > H20[1] then color.lime else if H20 < H20[1] then color.pink else color.current);

Plot PL200 = L200;
Plot PL100 = L100;
Plot PL50 = L50;
Plot PL20 = L20;
Plot MM = (H50+L50)/2;

PL200.AssignValueColor(If L200 > L200[1] then color.Dark_green else if L200 < L200[1] then color.Dark_red else color.dark_gray);
PL100.AssignValueColor(If L100 > L100[1] then color.Green else if L100 < L100[1] then color.red else color.gray);
PL50.AssignValueColor(If L50 > L50[1] then color.light_green else if L50 < L50[1] then color.light_red else color.light_gray);
PL20.AssignValueColor(If L20 > L20[1] then color.lime else if L20 < L20[1] then color.pink else color.current);

MM.SetPaintingStrategy(PaintingStrategy.LINE);
MM.AssignValueColor(If C > MM then color.cyan else color.Magenta );

Def cond = if H50 - C < C - L50 then yes else no;

C.AssignValueColor(if cond then color.upTICK else color.DownTICK);

AddCloud(C,PH20, color.gray, color.dark_gray, no);
AddCloud(C,PL20, color.gray , color.dark_gray, no);
AddCloud(PH50,PH20, color.light_red,color.light_green,no);
AddCloud(PL50,PL20, color.light_red,color.light_green,no);
AddCloud(PH100,PH50, color.red,color.green,no);
AddCloud(PL100,PL50, color.red,color.green,no);
AddCloud(PH200,PH100, color.dark_red,Color.dark_green,no);
AddCloud(PL200,PL100, color.dark_red,Color.dark_green,no);

PH50.SetStyle(curve.points);
PL50.SetStyle(curve.points);
c.hide();

#AddChartBubble(cond && cond !=cond[1],low,"Up", color.UpTick);
#AddChartBubble(!(cond) && cond !=cond[1] ,high,"Down", color.DownTick);

AddLabel(yes, "Impulse:" + if c/(h50+l50) >=.5 then "Up" else "Down",
               if c/(h50+l50) >=.5 then color.uptiCK else color.downTICK);

##### ------ Pattern finder
Def HLevel1 = if  c/(h50+l50) >=.5 then yes else no;
Def HLevel2 = if H50 >= H100 then yes else No;
Def HLevel3 = if H100 >= H200 then yes else no;

Def LLevel1 = if  c/(h50+l50) <=.5 then yes else no;
Def LLevel2 = if L50 <= L100 then Yes else no;
Def LLevel3 = if L100<= L200 then Yes else no;

Def UpTrendLevel = If HLevel1 && HLevel2 && HLevel3 then 4
               else if HLevel2 && HLevel3 then 3    
               else if Hlevel1 && HLevel2 then 2
               else if HLevel1 then 1
               else 0;

Def DnTrendLevel = If LLevel1 && LLevel2 && LLevel3 then 4
               else if LLevel2 && LLevel3 then 3
               else if Llevel1 && LLevel2 then 2
               else if LLevel1 then 1
               else 0;

AddLabel(yes, "UpTrend Level: " + UpTrendLevel + " DnTrend Level: " + DnTrendLevel,  if upTrendLevel > DnTrendLevel then color.uptiCK else color.downTICK);

def Squeez = if !isNan(Squeez[1]) and (H50-L50) > (H50[1]-L50[1]) then Squeez[1] + 1
             else if !isNan(Squeez[1]) and (H50-L50) < (H50[1]-L50[1]) then Squeez[1] -1
             else Squeez[1];
AddLabel(yes, "Run: " + Squeez + ", High: " + Highest(Squeez,50) + ", Low: " + Lowest(Squeez,50), if squeez > squeez[1] then color.UpTick else
                                   if squeez < squeez[1] then color.downTick else
                                                              color.yellow);
 
# Happy Trading. TZ 11/29/2022
Click to expand...
I like it better than the Ichimoku already!
 
@TraderZen ive always been intrigued by indicators such as this. Is the premise that you are long above the midline and short below...supported by other indicators such as the RSI?
 
Trader_Rich said:
@TraderZen ive always been intrigued by indicators such as this. Is the premise that you are long above the midline and short below...supported by other indicators such as the RSI?
Click to expand...
V 2.0 is uploaded.
@Trader_Rich It is more in the lines of Donchian and Wycoff's way of approaching the charts. Combining it with oscillators really helps. There should be at least one indicator emphasizing the volume based calculations in the mix. The idea is to identify channels, breakouts and breakdowns. One more link you may like.
 
Last edited:
Hello, I'm not seeing the arrows that you have on the first screen. Is there any way to add those? Also, is there a tutorial on how to use this?
 
MichaelR said:
Hello, I'm not seeing the arrows that you have on the first screen. Is there any way to add those? Also, is there a tutorial on how to use this?
Click to expand...
Please add the PPS indicator provided by TOS, for those arrows. Please refer to the links I posted in my previous message to understand Wycoff's method. There is no tutorial video at this time. Now that you've shown interest, maybe it's worth a shot.
 
MichaelR said:
Hello, I'm not seeing the arrows that you have on the first screen. Is there any way to add those? Also, is there a tutorial on how to use this?
Click to expand...
So to get you started -
1) I have already shared two links about Wycoff's Method above - They are the must to have foundational pieces.

2) Second topic to learn is Volume Spread analysis - This series is a must to watch on VSA. Now the good news - UseThinkScript has the "Indicator" already available for VSA- Great work by @MerryDay - Find it here. Like I said before This "Trend Terrain Plotter" should be used with a volume study and this one is the best combo.

What is next -
3) I plan to share my observations sometime soon.
 
TraderZen said:
So to get you started -
1) I have already shared two links about Wycoff's Method above - They are the must to have foundational pieces.

2) Second topic to learn is Volume Spread analysis - This series is a must to watch on VSA. Now the good news - UseThinkScript has the "Indicator" already available for VSA- Great work by @MerryDay - Find it here. Like I said before This "Trend Terrain Plotter" should be used with a volume study and this one is the best combo.

What is next -
3) I plan to share my observations sometime soon.
Click to expand...
Thank you so much! Please keep us posted on your observations! :)
 
MichaelR said:
Thank you so much! Please keep us posted on your observations! :)
Click to expand...
TraderZen said:
So to get you started -
1) I have already shared two links about Wycoff's Method above - They are the must to have foundational pieces.

2) Second topic to learn is Volume Spread analysis - This series is a must to watch on VSA. Now the good news - UseThinkScript has the "Indicator" already available for VSA- Great work by @MerryDay - Find it here. Like I said before This "Trend Terrain Plotter" should be used with a volume study and this one is the best combo.

What is next -
3) I plan to share my observations sometime soon.
Click to expand...
I tried clicking on the link you sent to MerryDay’s indicator, but it’s giving me an error. Would you please post a shareable link?
 
What I way trying to achieve by this script is already done here. Smart Money concepts is a well defined methods and it is getting a lot of traction.
If this indicator is properly translated in ThinkScript - it can become a great alternative to Trade Terrain Plotter.
 
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  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
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Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
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