Repaints Trend Magic Indicator For ThinkOrSwim

[RBO]

@HighBredCloud Makes sense , Thanks

 

[SparkyFlary]

@horserider In the code on the CCI part, shouldn't the price be h+l+c divided by 3 instead of just h+l+c? It looks a little unusual not to take the average of those in CCI. CCI usually uses the closing price and hlc3 but this code uses h+l+c, is that how it should be?

 

[horserider]

@SparkyFlary ToS CCI

def price = close + low + high;
def linDev = lindev(price, length);
plot CCI = if linDev == 0 then 0 else (price - Average(price, length)) / linDev / 0.015;

That is how ToS has it, what I went by. Is that how it should be? Do not know. I have seen the formula you mention but have not seen it used in any ToS codes even custom ones. If you have evidence of it being incorrect, please present it.

 

[Hapme]

Once again thanks so much. Looks good and I made one for the daily chart. I greatly appreciate the time you've taken to help me.

Hey tanancy any updates , how the magic trend works , are you okay with the settings 50 5 07 ?

 

[tenacity11]

Hey tanancy any updates , how the magic trend works , are you okay with the settings 50 5 07 ?

I'm no longer using it.

 

[petergluis]

Indicator was shared with the chart. So it was there.

Here is the code:

input agg = AggregationPeriod.FIFTEEN_MIN;
def c = close(period = agg);
def h = high(period = agg);
def l = low(period = agg);
def pricedata = hl2(period = agg);

DefineGlobalColor("TrendUp", CreateColor(0, 254, 30));
DefineGlobalColor("TrendDown", CreateColor(255, 3, 2));


input lengthCCI = 50;
input lengthATR = 5;
input AtrFactor = 0.7;

def ATRcci = Average(TrueRange(h, c, l), lengthATR) * AtrFactor;
def price = c + l + h;
def linDev = LinDev(price, lengthCCI);
def CCI = if linDev == 0
          then 0
          else (price - Average(price, lengthCCI)) / linDev / 0.015;
def MT1 = if CCI > 0
          then Max(MT1[1], pricedata - ATRcci)
          else Min(MT1[1], pricedata + ATRcci);
plot data = MT1;
data.AssignValueColor(if c < MT1 then Color.RED else Color.GREEN);

It seems that this indicator only works in daily chart, not in lower aggregation periods such as 1-hour, 30-min and 10-min.
What is the main differences from one of youtube.com below?