Trend Flow Profile [AlgoAlpha] for ThinkOrSwim

[samer800]

Author Message:
The "Trend Flow Profile" indicator is a powerful tool designed to analyze and interpret the underlying trends and reversals in a financial market. It combines the concepts of Order Flow and Rate of Change (ROC) to provide valuable insights into market dynamics, momentum, and potential trade opportunities. By integrating these two components, the indicator offers a comprehensive view of market sentiment and price movements, facilitating informed trading decisions.

CODE:

#// https://www.tradingview.com/v/ui5VLe7A/
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © AlgoAlpha X © Sushiboi77
#indicator('Trend Flow Profile [AlgoAlpha]', 'AlgoAlpha - ? Trend Flow Profile '
# Converted by Sam4Cok@Samer800    - 01/2024
declare lower;
#// Inputs
input colorBars = yes;
input timeframe = {Default "Chart", "Custom"};
input customTimeframe = AggregationPeriod.FIFTEEN_MIN;
input trendFlowPeriod = 12;         # 'Trend Flow Period'
input showEmaLine = yes;            # "Show EMA band?"
input emaLength = 8;                # "EMA Length"
input rocLength = 14;               # "ROC Length"

def na = Double.NaN;
def chart = timeframe==timeframe."Chart";
DefineGlobalColor("ln"  , CreateColor(240, 192, 0));
DefineGlobalColor("up2" , CreateColor(0,255,187));
DefineGlobalColor("up1" , CreateColor(0,177,129));
DefineGlobalColor("up3" , CreateColor(0,98,72));
DefineGlobalColor("dn2" , CreateColor(255,17,0));
DefineGlobalColor("dn1" , CreateColor(177,12,0));
DefineGlobalColor("dn3" , CreateColor(98,7,0));

def cHT = close(Period = customTimeframe);
def vHT = volume(Period = customTimeframe);
def c = if chart then close else cHT;
def v = if chart then volume else vHT;
#// Calculations
def trend = if c > c[1] then  v else
            if c < c[1] then -v else 0;
def volFlow = Sum(trend, trendFlowPeriod) / 1000;
def priceROC = RateOfChange(Price = c,Length = rocLength);
def tfIndicator = (priceROC + volFlow) / 2;
def emaTrend = ExpAverage(tfIndicator, emaLength);

#// Color Logic
def Col = if tfIndicator > 0 then
          if tfIndicator > tfIndicator[1] then  2 else  1 else
          if tfIndicator < tfIndicator[1] then -2 else -1;
def volVol = volFlow > 0;

#// Plots
plot avgTrend = if showEmaLine then emaTrend else na;    # 'EMA Trend Line'
plot TrendFlow = tfIndicator;    # 'Trend Flow'
plot VolumeFlow = volFlow;       # 'Volume Flow'
avgTrend.SetDefaultColor(GlobalColor("ln"));
TrendFlow.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
TrendFlow.AssignValueColor(if Col== 2 then GlobalColor("up2") else
                           if Col== 1 then GlobalColor("up1") else
                           if Col==-2 then GlobalColor("dn2") else
                           if Col==-1 then GlobalColor("dn1") else Color.GRAY);
VolumeFlow.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
VolumeFlow.AssignValueColor(if volVol then GlobalColor("up3") else GlobalColor("dn3"));

AssignPriceColor(if !colorBars then Color.CURRENT else
                 if Col== 2 then GlobalColor("up2") else
                 if Col== 1 then GlobalColor("up1") else
                 if Col==-2 then GlobalColor("dn2") else
                 if Col==-1 then GlobalColor("dn1") else Color.GRAY);

#-- END of CODE

 

[Ischuros]

Samer love all work and I put them all on my chart to try them out. One thing I ask is to put a way to scan the whole market. some work and the last sentinels didn't. It gave errors in the stock scanner. I look to scanner and then record how they do . again thank you for all you do and happy new year

 

[Fitzman]

Thank you, looks great. Does it repaint?

 

[MerryDay]

Thank you, looks great. Does it repaint?

If you are using the MTF option; yes, all MTF indicators repaint until the higher timeframe candle closes.
If you are using the default chart aggregation, then no, there is no repainting calculations in this script.

It should be noted that the current candle of this, and most indicators on this forum, updates every tick until the candle closes. This is not considered repainting.
more about repainting: https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/

 

[Chaomane]

Is there any way to get the indictor working on mobile? Thanks

 

[MerryDay]

Is there any way to get the indictor working on mobile? Thanks

You will find that most of the indicators on this forum use formatting for the desktop app.
The mobile version does not support these formats.
Read more here:
https://usethinkscript.com/threads/indicators-not-working-in-thinkorswim-mobile-app.232/

 

[danjoh]

Hello all, had to step away for a few weeks. I will be renewing shortly. In the meantime, I typically trade on the MTFs of M/W/D/H. What length should the flow, ema and roc be? Or do they need to be changed?