Repaints Trend Reversal for ThinkorSwim

[tenacity11]

@camitos Glad to hear things are working out. I was busy with other things so did not do anything with TWTR today. we'll see what tomorrow brings.

 

[gooseyCA]

@tenacity11 , can you pass on the reversal study that contains the up arrows next to the cyan colored candles? For the life of me I loaded 4-5 of the same study but none of them contain the arrows (which is why my scanner is not working). Have the reversal bubble, bubble with price alone, driving me nuts.

Secondly, can you scan for the cyan colored bar?

Thanks!

 

[gooseyCA]

I was able to find the one with the arrows but the study is too complicated to run it on the scanner. Would be nice if there is a way to make it work?

 

[tenacity11]

@tenacity11 , can you pass on the reversal study that contains the up arrows next to the cyan colored candles? For the life of me I loaded 4-5 of the same study but none of them contain the arrows (which is why my scanner is not working). Have the reversal bubble, bubble with price alone, driving me nuts.

Secondly, can you scan for the cyan colored bar?

Thanks!

#Trend Reverse Indicator

def price = close;
def superfast_length = 9;
def fast_length = 14;
def slow_length = 21;
def displace = 0;

def mov_avg9 = ExpAverage(price[-displace], superfast_length);
def mov_avg14 = ExpAverage(price[-displace], fast_length);
def mov_avg21 = ExpAverage(price[-displace], slow_length);

#moving averages
def Superfast = mov_avg9;
def Fast = mov_avg14;
def Slow = mov_avg21;

def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;
def stopbuy = mov_avg9 <= mov_avg14;
def buynow = !buy[1] and buy;
def buysignal = CompoundValue(1, if buynow and !stopbuy then 1 else if buysignal[1] == 1 and stopbuy then 0 else buysignal[1], 0);

def Buy_Signal = buysignal[1] == 0 and buysignal == 1;

#Alert(condition = buysignal[1] == 0 and buysignal == 1, text = "Buy Signal", sound = Sound.Bell, "alert type" = Alert.BAR);

def Momentum_Down = buysignal[1] == 1 and buysignal == 0;

#Alert(condition = buysignal[1] == 1 and buysignal == 0, text = "Momentum_Down", sound = Sound.Bell, "alert type" = Alert.BAR);

def sell = mov_avg9 < mov_avg14 and mov_avg14 < mov_avg21 and high < mov_avg9;
def stopsell = mov_avg9 >= mov_avg14;
def sellnow = !sell[1] and sell;
def sellsignal = CompoundValue(1, if sellnow and !stopsell then 1 else if sellsignal[1] == 1 and stopsell then 0 else sellsignal[1], 0);

def Sell_Signal = sellsignal[1] == 0 and sellsignal;

 

[tenacity11]

I was able to find the one with the arrows but the study is too complicated to run it on the scanner. Would be nice if there is a way to make it work?

# Swing Low Scan
# tomsk
# 12.1.2019

input length = 10;

def bn = BarNumber();
def lastBar = HighestAll(if IsNaN(close) then 0 else bn);
def offset = Min(length - 1, lastBar - bn);
def swingLow = low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset);
def lowPointOneBarNumber = HighestAll(if swingLow then bn else 0);
plot scan = bn == lowPointOneBarNumber;
# End Swing Low Scan

 

[Taykachance]

I have been testing the Trend Reversal Indicator by BenTen and wondered if there was a way to set an alert in TOS that tells me the trend has reversed.

 

[Stockbug]

BenTen, (or anyone), This indicator,Trend Reversal Indicator with Signals for ThinkorSwim, is interesting with its reversal bubbles and I've been studying it for while to trying and understand the code and how it works. There is a lot of discussion on the form about the moving averages. But I don't see in the code that the three moving averages are involved at all with creating the trigger signals that create and set the location of the reversal bubbles. Right now my opinion is that they do nothing.
Try this coding experiment.
-- Load the study and get the reversal bubbles to appear.
-- Edit the code and comment out the following two lines of code by using the # symbol.

---------------- def Buy_Signal = buysignal[1] == 0 and buysignal == 1;
-- change to #def Buy_Signal = buysignal[1] == 0 and buysignal == 1;

--------------- def def Sell_Signal = sellsignal[1] == 0 and sellsignal;
-- change to #def Sell_Signal = sellsignal[1] == 0 and sellsignal;

As far as I can see these are the final lines of code that use all of the previous code involving the moving averages and that are the buy and sell signals from the moving averages.

My thinking is this:
1. If the buy and sell signals from these moving averages are being used anywhere in the rest of the code to create the reversal bubbles then commenting them out will create coding error messages, but I do not get coding error messages after commenting out these two lines of code.
2. If the moving average buy/sell signals are used to determine the location of the reversal bubbles then something will change on the chart, but nothing on the chart changes that I can see after commenting out these two lines of code.

I didn't know where to post these thoughts so I've answered your last post that I see.

If My thinking about the MA's is way off please correct me.

 

[BenTen]

@Stockbug You are not the only person who notices that, good catch. We talked about this in the past. The script seems to be incomplete. So the moving averages don't do anything at all.

 

[Stockbug]

@Stockbug You are not the only person who notices that, good catch. We talked about this in the past. The script seems to be incomplete. So the moving averages don't do anything at all.

Not only are the MA's not used, the bubble locations do not match the MA logic.

# Code says: If the 3 MA's are "stacked" UP and the bar low is above all three,
# then create a BUY signal. But on the chart reversal bubbles appear that defy this logic.
def buy = mov_avg9 > mov_avg14 and mov_avg14 > mov_avg21 and low > mov_avg9;

 

[slastampa]

I downloaded the scan. ToS saved it as a Study. How do I use it in the Scan?

 

[wtf_dude]

I downloaded the scan. ToS saved it as a Study. How do I use it in the Scan?

On the scan tab, go to Add Filter and select Study. Then select the study name that it was saved under from the dropdown

 

[TCB]

Hi, I wanted to know, is there a way to not have the chart bubbles and instead just have arrows indicating up or down in place of the bubbles?

 

[renz3]

@BenTen Is similar pine script available for Tradingview or what is nearest best trend reversal script for tradingview?

 

[TCB]

@betogmgf The solution was provided right above https://usethinkscript.com/threads/...or-with-signals-for-thinkorswim.183/post-3925

I would like to use just the arrow also and I clicked on this link in this post and I do not see how to use the arrows and not the label? Could you help me figure out how to do this? Thanks

 

[BenTen]

@TCP Page #1, under the section called Scanner, load up that version of the study.

 

[TCB]

Thank you!

 

[Vimal Mittal]

Is that possible to create these signals with colors in watchlist column in different time frame for day trading? otherwise, I need to look for every single chart right now which is time consuming to me. Can you write the script for watchlist?
Thanks.

 

[iGetTrades]

I've seen different answers on if this can be used as a scanner. Some say yes, some say no. Can someone please clarify? Thank you!

 

[BenTen]

@iGetTrades Yes, you can use it with a scanner, but see this comment.

 

[iGetTrades]

@BenTen Thank you! Makes a bit more sense now. I have now got to the point where I need to edit the condition and this is where I am stuck. Can you give me an example of what I would enter for up arrow and down arrow? I have provided a screenshot. Thanks for all your help and all you do with this site!