Trend Pivot Points Indicator by Mobius For ThinkOrSwim

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@David45 - In the code you currently have, find the bubbles segment and replace it with this below code.

Code:
#~~~~~~~~~~~~~~~~~~~~~~~~ begin bubble signals ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
input show_bubbles = yes;
input Buy_Sell_Bubble_Data = {default current, historical};

def short;
def long;

switch (Buy_Sell_Bubble_Data)
        {
        case historical:
             short = hh;
             long = ll;
        case current:
             short = hh_;
             long = ll_;
        }

def SOCB1 = Round((Max(PrevL, short - (hR * R_Mult))) / ts, 0) * ts;
def LOCA1 = Round((Min(PrevH, long + (lR * R_Mult))) / ts, 0) * ts;
def SE = close[1] > SOCB1 and close <= SOCB1;
def LE = close[1] < LOCA1 and close >= LOCA1;

def exitbuy = l < long[1];
def exitsell = h > short[1];

def holdLE = if LE and !LE[1] then 1 else if !exitbuy then holdLE[1] else 0;
def holdSE = if SE and !SE[1] then 1 else if !exitsell then holdSE[1] else 0;

def enter_long = !holdLE[1] and holdLE;
def enter_short = !holdSE[1] and holdSE;
def exit_long = holdLE[1] and !holdLE;
def exit_short = holdSE[1] and !holdSE;

AddChartBubble(if show_bubbles then enter_long else nan, low, "Enter Long", Color.GREEN, 0);
AddChartBubble(if show_bubbles then enter_short else nan, high, "Enter Short", Color.RED, 1);
AddChartBubble(if show_bubbles then exit_long else nan, high, "Exit Long", Color.GREEN, 1);
AddChartBubble(if show_bubbles then exit_short else nan, low, "Exit Short", Color.RED, 0);

#~~~~~~~~~~~~~~~~~~~~~~~~~~ end bubble signals ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Would you happen to know what the reason for current/ historical is for the buy sell data? When i have it set to historical i can obviously see all the signals but when i switch to current I would of expected this to show only the current signal/bubble but nothing is displayed/ no signal shows then. Thanks
 
I added a Half Way Back (50%) yellow line. This could be a good exit target. Just add this code.
Code:
plot HWB = ll_ + (hh_ - ll_)/2 ;
     HWB.SetDefaultColor(Color.yellow);
     HWB.HideBubble();
     HWB.HideTitle();

1693315408576.png
 
Is the 'Trend Pivot Points Indicator' a repainting indicator? If so, when do we know the repainting stopped, so we can use BTO and STO indicators?
 
Is the 'Trend Pivot Points Indicator' a repainting indicator? If so, when do we know the repainting stopped, so we can use BTO and STO indicators?

Support & Resistance studies are a special sort of group of repainting indicators.
The indicator is written to repaint when price breaks above resistance or below support.
This provides the most up-to-date data.

If the price is falling, it may break through support many times, redraw, and break, redraw, etc...
The same is seen when price is rising, and it breaks above resistance multiple times.

It should be pointed out on higher timeframes this behavior is not seen as often except with the more volatile stocks. S&R studies are contra-indicated with more volatile stocks.

So in answer to your question, there is no time that is guaranteed to not repaint.
Use S&R indicators to assist in confirming your signals from your other indicators but never use them in isolation:
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/
 
I love using the 50% mark you added for this script. Any way you could add the 61.8 and the 38.2?
Sure. Add this code at the bottom.
Code:
plot fib2 = ll_ + (hh_ - ll_)/2.618 ;
     fib2.SetDefaultColor(Color.cyan);
     fib2.HideBubble();
     fib2.HideTitle();

plot fib3 = ll_ + (hh_ - ll_)/1.618 ;
     fib3.SetDefaultColor(Color.cyan);
     fib3.HideBubble();
     fib3.HideTitle();
 
Sure. Add this code at the bottom.
Code:
plot fib2 = ll_ + (hh_ - ll_)/2.618 ;
     fib2.SetDefaultColor(Color.cyan);
     fib2.HideBubble();
     fib2.HideTitle();

plot fib3 = ll_ + (hh_ - ll_)/1.618 ;
     fib3.SetDefaultColor(Color.cyan);
     fib3.HideBubble();
     fib3.HideTitle();
Hi Chewei76, can you please help to add chart bubble for each fib point for the above?
 
Hi Chewei76, can you please help to add chart bubble for each fib point for the above?
Add this after the HWB line. The other Fibs won't always be correct depending on the direction of the lines. So only the 50% will work correctly.

Code:
def HWB_50 =(if isNaN(HWB[1]) then HWB else Double.NaN);
addchartBubble(HWB, HWB_50,"50%",color.yellow);
 
Support & Resistance studies are a special sort of group of repainting indicators.
The indicator is written to repaint when price breaks above resistance or below support.
This provides the most up-to-date data.

If the price is falling, it may break through support many times, redraw, and break, redraw, etc...
The same is seen when price is rising, and it breaks above resistance multiple times.

It should be pointed out on higher timeframes this behavior is not seen as often except with the more volatile stocks. S&R studies are contra-indicated with more volatile stocks.

So in answer to your question, there is no time that is guaranteed to not repaint.
Use S&R indicators to assist in confirming your signals from your other indicators but never use them in isolation:
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/
Thanks. When you say higher time frame, is it 1-hour or higher?
 
Support & Resistance studies are a special sort of group of repainting indicators.
The indicator is written to repaint when price breaks above resistance or below support.
This provides the most up-to-date data.

If the price is falling, it may break through support many times, redraw, and break, redraw, etc...
The same is seen when price is rising, and it breaks above resistance multiple times.

It should be pointed out on higher timeframes this behavior is not seen as often except with the more volatile stocks. S&R studies are contra-indicated with more volatile stocks.

So in answer to your question, there is no time that is guaranteed to not repaint.
Use S&R indicators to assist in confirming your signals from your other indicators but never use them in isolation:
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/

Thanks. What other indicators we can use along with this
Support & Resistance studies are a special sort of group of repainting indicators.
The indicator is written to repaint when price breaks above resistance or below support.
This provides the most up-to-date data.

If the price is falling, it may break through support many times, redraw, and break, redraw, etc...
The same is seen when price is rising, and it breaks above resistance multiple times.

It should be pointed out on higher timeframes this behavior is not seen as often except with the more volatile stocks. S&R studies are contra-indicated with more volatile stocks.

So in answer to your question, there is no time that is guaranteed to not repaint.
Use S&R indicators to assist in confirming your signals from your other indicators but never use them in isolation:
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/
So What other indicators you suggest to use along with the "Trend Pivot Points Indicator"?
 

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