Repaints Trend Reversal for ThinkorSwim

[Lauri]

@ukwildcat1998 I copied the above link. I went into the scan tab and created a scan with new indicator. I selected uparrow as value, and then again as true - to get it to work, but I keep getting the " ERROR: Trying to self-assign a non-initialized rec: state. "

I do not know what that means. Any other suggestions? Is there something obvious I am missing?? Sorry, I am trying, but it is not scanning yet. I appreciate all of your efforts.

Thanks,
Lauri

 

[theelderwand]

@Nikola can u post a screenshot ?

 

[Lauri]

@Lauri @BenTen Please read my earlier post #355 of this thread on the reason why this scan won't work as is.

@tomsk Can you tell me how to get to your post #355? I do not know how to navigate to said post. Is there a link there that will do a proper scan? Thanks for all your help!

Lauri

 

[BenTen]

@Lauri The post # is located at the top right hand corner of every message. Here is the direct link to it.

 

[Branch]

@Slip and BenTen man you guys are awesome! this is what I was missing.

 

[Likos]

@hurricane5 It's fairly simple to do it. Add the code as an indicator (but do not use it on your chart since it's intended to be used in the Scan tab). Once you have it added, switch over to the Scanner section.

Click on Add Study Filter > Study > type in the name of the indicator > and select upArrow or downArrow.

Like this:

Please add a video tutorial. I am getting a rather different input.

 

[Likos]

https://ibb.co/gwgZ578

 

[RDMercer]

So this below 200 line script was in a TOS screenshot download from this site a few weeks ago. There is no author name and some of the remarks are a bit cryptic. The script appears to contain multiple moving averages, Zig-Zag, pivots, Fib's, alerts, volume stuff, boxes / bubbles, etc. I'm no Script coder but I know enough to change "no" to "yes" or "hide" to "show plus remark out code with the "#" key. My real trick is changing colors. I've played around with the script and use mainly the reversal or "Rvs" balloons. The rest appears not to do a dayum thing. My opinion is someone attempted to combine various studies into a single script or construct a one-stop trading strategy. I would really appreciate anyone willing to have a look below and enlighten me as to how to make the various components work so I could at least review the script for my use. Thanks in advance for any input offered.

#Author Unknown
#From useThinkScript
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;


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

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


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

plot Colorbars = if buysignal == 1 then 1 else if sellsignal == 1 then 2 else if buysignal == 0 or sellsignal == 0 then 3 else 0;
Colorbars.Hide();
Colorbars.DefineColor("Buy_Signal_Bars", Color.GREEN);
Colorbars.DefineColor("Sell_Signal_Bars", Color.RED);
Colorbars.DefineColor("Neutral", Color.PLUM);
#___



input method = {default average, high_low};
def bubbleoffset = .0005;
def percentamount = .01;
def revAmount = .05;
def atrreversal = 2.0;
def atrlength = 5;
def pricehigh = high;
def pricelow = low;
def averagelength = 5;
def averagetype = AverageType.EXPONENTIAL;
def mah = MovingAverage(averagetype, pricehigh, averagelength);
def mal = MovingAverage(averagetype, pricelow, averagelength);
def priceh = if method == method.high_low then pricehigh else mah;
def pricel = if method == method.high_low then pricelow else mal;
def EI = ZigZagHighLow("price h" = priceh, "price l" = pricel, "percentage reversal" = percentamount, "absolute reversal" = revAmount, "atr length" = atrlength, "atr reversal" = atrreversal);
def reversalAmount = if (close * percentamount / 100) > Max(revAmount < atrreversal * reference ATR(atrlength), revAmount) then (close * percentamount / 100) else if revAmount < atrreversal * reference ATR(atrlength) then atrreversal * reference ATR(atrlength) else revAmount;
rec EISave = if !IsNaN(EI) then EI else GetValue(EISave, 1);
def chg = (if EISave == priceh then priceh else pricel) - GetValue(EISave, 1);
def isUp = chg >= 0;
rec isConf = AbsValue(chg) >= reversalAmount or (IsNaN(GetValue(EI, 1)) and GetValue(isConf, 1));
def EId = if isUp then 1 else 0;
#plot EnhancedLines = if EId <= 1 then EI else Double.NaN;
#EnhancedLines.AssignValueColor(if EId == 1 then Color.GREEN else if EId == 0 then Color.RED else Color.DARK_ORANGE);
#EnhancedLines.SetStyle(Curve.FIRM);
#EnhancedLines.EnableApproximation();
#EnhancedLines.HideBubble();
#Price Change between Enhanceds
def xxhigh = if EISave == priceh then priceh else xxhigh[1];
def chghigh = priceh - xxhigh[1];
def xxlow = if EISave == pricel then pricel else xxlow[1];
def chglow = pricel - xxlow[1];
def showBubbleschange = no;
AddChartBubble(showBubbleschange and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , "$" + chg , if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, isUp);
#Price at High/Low
def showBubblesprice = no;
AddChartBubble(showBubblesprice and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if isUp then "$" + priceh else "$" + pricel , if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, isUp);
#Label for Confirmed/Unconfirmed Status of Current Enhanced

#Bar Count between Enhanceds
rec EIcount = if EISave[1] != EISave then 1 else if EISave[1] == EISave then EIcount[1] + 1 else 0;
def EIcounthilo = if EIcounthilo[1] == 0 and (EISave == priceh or EISave == pricel) then 1 else if EISave == priceh or EISave == pricel then EIcounthilo[1] + 1 else EIcounthilo[1];
def EIhilo = if EISave == priceh or EISave == pricel then EIcounthilo else EIcounthilo + 1;
def EIcounthigh = if EISave == priceh then EIcount[1] else Double.NaN;
def EIcountlow = if EISave == pricel then EIcount[1] else Double.NaN;
def showBubblesbarcount = no;
AddChartBubble(showBubblesbarcount and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if EISave == priceh then EIcounthigh else EIcountlow, if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no );
#Arrows
def EIL = if !IsNaN(EI) and !isUp then pricel else GetValue(EIL, 1);
def EIH = if !IsNaN(EI) and isUp then priceh else GetValue(EIH, 1);
def dir = CompoundValue(1, if EIL != EIL[1] or pricel == EIL[1] and pricel == EISave then 1 else if EIH != EIH[1] or priceh == EIH[1] and priceh == EISave then -1 else dir[1], 0);
def signal = CompoundValue(1, if dir > 0 and pricel > EIL then if signal[1] <= 0 then 1 else signal[1] else if dir < 0 and priceh < EIH then if signal[1] >= 0 then -1 else signal[1] else signal[1], 0);
def showarrows = yes;
def U1 = showarrows and signal > 0 and signal[1] <= 0;
#U1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
#U1.SetDefaultColor(Color.GREEN);
#U1.SetLineWeight(4);
def D1 = showarrows and signal < 0 and signal[1] >= 0;
#D1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
#D1.SetDefaultColor(Color.RED);
#D1.SetLineWeight(4);
def barnumber = BarNumber()[10];
#Chart Bubble
AddChartBubble((barnumber and U1), if isUp then low else high, if showarrows and signal > 0 and signal[1] <= 0 then "Rvs:" + low else "" , if Colorbars == 3 then Color.PLUM else Color.UPTICK, no);
AddChartBubble((barnumber and D1), if isUp then low else high, if showarrows and signal < 0 and signal[1] >= 0 then "Rvs:" + high else "" , if Colorbars == 3 then Color.PLUM else Color.DOWNTICK, yes);

def revLineTop;
def revLineBot;

if barnumber and D1 {
    revLineBot = Double.NaN;
    revLineTop = high[1];
} else if barnumber and U1 {
    revLineTop = Double.NaN;
    revLineBot = low[1];
} else if !IsNaN(revLineBot[1]) and (Colorbars[2] == 2 or Colorbars[1] == 2) {
    revLineBot = revLineBot[1];
    revLineTop = Double.NaN;
} else if !IsNaN(revLineTop[1]) and (Colorbars[2] == 1 or Colorbars[1] == 1) {
    revLineTop = revLineTop[1];
    revLineBot = Double.NaN;
} else {
    revLineTop = Double.NaN;
    revLineBot = Double.NaN;
}

plot botLine = revLineBot[-1];
botLine.SetDefaultColor(Color.LIGHT_GREEN);
plot topLine = revLineTop[-1];
topLine.SetDefaultColor(Color.LIGHT_RED);


#Alerts
def usealerts = no;
#Alert(usealerts and U1, "EI-UP", Alert.BAR, Sound.Bell);
#Alert(usealerts and D1, "EI-DOWN", Alert.BAR, Sound.Chimes);
#Supply Demand Areas
rec data1 = CompoundValue(1, if (EISave == priceh or EISave == pricel) then data1[1] + 1 else data1[1], 0);
def datacount1 = (HighestAll(data1) - data1[1]);
def numbersuppdemandtoshow = 0;
input showSupplyDemand = {default Pivot, Arrow, None};
def idx = if showSupplyDemand == showSupplyDemand.Pivot then 1 else 0;
def rLow;
def rHigh;
if signal crosses 0 {
    rLow = pricel[idx];
    rHigh = priceh[idx];
} else {
    rLow = rLow[1];
    rHigh = rHigh[1];
}
def HighLine = if datacount1 <= numbersuppdemandtoshow and showSupplyDemand != showSupplyDemand.None and !IsNaN(close) and rHigh != 0 then rHigh else Double.NaN;


def LowLine = if datacount1 <= numbersuppdemandtoshow and showSupplyDemand != showSupplyDemand.None and !IsNaN(close) and rLow != 0 then rLow else Double.NaN;


def hlUp = if signal > 0 then HighLine else Double.NaN;
def hlDn = if signal < 0 then HighLine else Double.NaN;

def showsupplydemandcloud = no;
AddCloud(if showsupplydemandcloud then hlUp else Double.NaN, LowLine, Color.LIGHT_GREEN, Color.LIGHT_GREEN);
AddCloud(if showsupplydemandcloud then hlDn else Double.NaN, LowLine, Color.LIGHT_RED, Color.LIGHT_RED);
#Store Previous Data
def EIsave1 = if !IsNaN(EISave) then EISave else EIsave1[1];
def EIsave2 = EIsave1;
rec priorEI1 = if EIsave2 != EIsave2[1] then EIsave2[1] else priorEI1[1];
rec priorEI2 = if priorEI1 != priorEI1[1] then priorEI1[1] else priorEI2[1];
rec priorEI3 = if priorEI2 != priorEI2[1] then priorEI2[1] else priorEI3[1];
#Fibonacci Extensions
rec data = CompoundValue(1, if (EISave == priceh or EISave == pricel) then data[1] + 1 else data[1], 0);
def datacount = (HighestAll(data) - data[1]);
def numberextfibstoshow = 2;
rec cpo = if dir[1] != dir then 0 else 1;
def showFibExtLines = yes;
def showtodayonly = yes;
def today = if showtodayonly == yes then GetDay() == GetLastDay() else GetDay();
def extfib1 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) * 1
else extfib1[1];
def extfib100 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1) and dir < 0 and cpo != 0 then extfib1[1] else Double.NaN;

def extfib1a = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) * 0.382
else extfib1a[1];
def extfib382 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1a) and dir < 0 and cpo != 0 then extfib1a[1] else Double.NaN;

def extfib2 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *
0.618 else extfib2[1];
def extfib618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib2) and dir < 0 and cpo != 0 then extfib2[1] else Double.NaN;

def extfib3 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *
1.618 else extfib3[1];
def extfib1618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3) and dir < 0 and cpo != 0 then extfib3[1] else Double.NaN;

def extfib3a = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *
2.000 else extfib3a[1];
def extfib2000 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3a) and dir < 0 and cpo != 0 then extfib3a[1] else Double.NaN;

def extfib4 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *
2.618 else extfib4[1];
def extfib2618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib4) and dir < 0 and cpo != 0 then extfib4[1] else Double.NaN;

def extfib5 = if EISave == priceh then priceh - AbsValue(priorEI2 - priorEI1) *
3.618 else extfib5[1];
def extfib3618 = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib5) and dir < 0 and cpo != 0 then extfib5[1] else Double.NaN;

def extfib1_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) * 1
else extfib1_[1];
def extfib100_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1_) and dir > 0 and cpo != 0 then extfib1_[1] else Double.NaN;

def extfib1a_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) * 0.382
else extfib1a_[1];
def extfib382_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib1a_) and dir > 0 and cpo != 0 then extfib1a_[1] else Double.NaN;

def extfib2_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *
0.618 else extfib2_[1];
def extfib618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib2_) and dir > 0 and cpo != 0 then extfib2_[1] else Double.NaN;

def extfib3_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *
1.618 else extfib3_[1];
def extfib1618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3_) and dir > 0 and cpo != 0 then extfib3_[1] else Double.NaN;

def extfib3a_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *
2.000 else extfib3a_[1];
def extfib2000_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib3a_) and dir > 0 and cpo != 0 then extfib3a_[1] else Double.NaN;

def extfib4_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *
2.618 else extfib4_[1];
def extfib2618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib4_) and dir > 0 and cpo != 0 then extfib4_[1] else Double.NaN;

def extfib5_ = if EISave == pricel then pricel + AbsValue(priorEI2 - priorEI1) *
3.618 else extfib5_[1];
def extfib3618_ = if datacount <= numberextfibstoshow and today and showFibExtLines and !IsNaN(extfib5_) and dir > 0 and cpo != 0 then extfib5_[1] else Double.NaN;

def fibextbubblespacesinexpansion = 8;
def b = fibextbubblespacesinexpansion;
def direction = if !isUp then 1 else 0;
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1[b + 2], "100%", Color.RED, yes);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1a[b + 2], "38.2%", Color.RED, yes);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib2[b + 2], "61.8%", Color.RED, no);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3[b + 2], "161.8%", Color.RED, no);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3a[b + 2], "200%", Color.RED, no);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib4[b + 2], "261.8%", Color.RED, no);
AddChartBubble( direction[b + 1] == 1 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib5[b + 2], "361.8%", Color.RED, no);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1_[b + 2], "100%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib1a_[b + 2], "38.2%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib2_[b + 2], "61.8%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3_[b + 2], "161.8%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib3a_[b + 2], "200%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib4_[b + 2], "261.8%", Color.GREEN, yes);
AddChartBubble( direction[b + 1] == 0 and showFibExtLines and !IsNaN(close[b + 1]) and IsNaN(close), extfib5_[b + 2], "361.8%", Color.GREEN, yes);
#Volume at Reversals
def vol = if BarNumber() == 0 then 0 else volume + vol[1];
def vol1 = if BarNumber() == 1 then volume else vol1[1];
def xxvol = if EISave == priceh or EISave == pricel then TotalSum(volume) else xxvol[1];
def chgvol = if xxvol - xxvol[1] + vol1 == vol then vol else xxvol - xxvol[1];
def showBubblesVolume = no;
AddChartBubble(showBubblesVolume and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset), chgvol, if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.YELLOW else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.YELLOW, if isUp then yes else no );

input usemanualfibskip = no;#Hint usemanualfibskip: Select no to use preprogrammed fibskip amounts. Select no, to use the amount entered at input fibskip.
input fibskip = .50;#Hint fibskip: Set input usemanualfibskip == yes to use this amount versus preprogrammed amounts. Standard is 1.0. This is percentage difference between fib high and low before a new fib grid created.
def showBubblesfibratio = no;
def showFibLabel = yes;#Hint showfibLabel: Select yes to show label of current fib level as of last price
def showfiblines = yes;
def fib1level = .236;
def fib2level = .382;
def fibMlevel = .500;
def fib3level = .618;
def fib4level = .786;
#Fibs
def datacount2 = (HighestAll(data1) - data1[1]);
def numberfibretracementstoshow = 2;
def fibskipit = if usemanualfibskip == no then if close > 800 then .25 else .5 else fibskip;
def EIfibh = if EISave == priceh and AbsValue(EISave - EISave[1]) > priceh * fibskipit * .01 then priceh else EIfibh[1];
def EIfibl = if EISave == pricel and AbsValue(EISave - EISave[1]) > priceh * fibskipit * .01 then pricel else EIfibl[1];
def range = EIfibh - EIfibl;
def fibH = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibh else Double.NaN;
def fibL = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl else Double.NaN;
def fibM = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fibMlevel else Double.NaN;
def fib1 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib1level else Double.NaN;
def fib2 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib2level else Double.NaN;
def fib3 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib3level else Double.NaN;
def fib4 = if showfiblines == no then Double.NaN else if datacount2 <= numberfibretracementstoshow then EIfibl + range * fib4level else Double.NaN;

AddLabel(showFibLabel, Concat( "Current Fib Level ", AsPercent((close - EIfibl) / (range))), if close > EIfibl then Color.GREEN else if EIfibh == close then Color.WHITE else Color.RED);

AddChartBubble(showBubblesfibratio and !IsNaN(EI) and BarNumber() != 1, if isUp then priceh * (1 + bubbleoffset) else pricel * (1 - bubbleoffset) , if isUp then AsPercent((priceh - EIfibl) / (range)) else AsPercent((pricel - EIfibl) / range), if isUp and chghigh > 0 then Color.GREEN else if isUp and chghigh < 0 then Color.RED else if isUp then Color.GREEN else if !isUp and chglow > 0 then Color.GREEN else if !isUp and chglow < 0 then Color.RED else Color.RED, isUp);

 

[tomsk]

@RDMercer you are right, someone probably combined/modified the script extensively. What colors do you wish to change. Just look for the statement called AddChartBubbles, should be an easy change.

If you are looking for a fibonacci retracement study, you might like to check out post #31 at the following thread

https://usethinkscript.com/threads/auto-fib-fibonacci-levels-indicator-for-thinkorswim.14/page-2
I made a minor enhancement by introducing an input selector for the colors of the retracement labels. You can select from any of the colors listed - red, orange, green, etc and bubbles for all the fib retracements will utilize that color.

 

[horserider]

@RDMercer Ask Benten If I remember correctly that was the main study he was promoting when starting this site.

 

[BenTen]

@RDMercer I have mentioned this in the beginning, this indicator is a combination of different studies, and some don't even do anything, like you said. I have dropped my focus from the trend reversal after finding out that it repaint due to having the ZigZag indicator.

 

[tomsk]

@BenTen is exactly right! The mega study that @RDMercer posted comprises many different components, notably some variant of what appears to be a Zig Zag High Low Supply Demand study that someone did 4-5 years ago, possibly more. That said, I took a quick look at the study, there are some notable and interesting portions.

The beginning section of the code is some sort of a moving average alignment study, what I have done is to extract the logic and crafted what I'd call a moving average alignment study with bullish and bearish undertones. Candles on the chart would be colored green if there is a bullish state, red if bearish state and yellow if neutral. Also included alerts for state transitions. As this is a complete revamp, I have used internal variables names of my choice to better represent the underlying price action

Enjoy this folks!

# Moving Average Alignment
# tomsk
# 11.15.2019

# Extracted idea from RDMercer's post #369 of the following thread
# https://usethinkscript.com/threads/trend-reversal-indicator-with-signals-for-thinkorswim.183/page-19

def price = close;
def length1 = 9;
def length2 = 14;
def length3 = 21;
def displace = 0;

def MA1 = ExpAverage(price[-displace], length1);
def MA2 = ExpAverage(price[-displace], length2);
def MA3 = ExpAverage(price[-displace], length3);

def BullishAlignment = MA1 > MA2 and MA2 > MA3 and low > MA1;
def BullBrakes = MA1 <= MA2;
def buysignal = CompoundValue(1, if !BullishAlignment[1] and BullishAlignment and !BullBrakes then 1
                                 else if buysignal[1] and BullBrakes then 0
                                 else buysignal[1], 0);
def Buy_Signal = !buysignal[1] and buysignal;

def BearishAlignment = MA1 < MA2 and MA2 < MA3 and high < MA1;
def BearBrakes = MA1 >= MA2;
def sellsignal = CompoundValue(1, if !BearishAlignment[1] and BearishAlignment and !BearBrakes then 1
                                  else if sellsignal[1] and BearBrakes then 0
                                  else sellsignal[1], 0);
def Sell_Signal = !sellsignal[1] and sellsignal;

def Momentum_Down = buysignal[1] and !buysignal;
def Momentum_Up   = sellsignal[1] and !sellsignal;

Alert(Buy_Signal, "Buy Signal", Alert.BAR, Sound.Ding);
Alert(Sell_Signal, "Sell Signal", Alert.BAR, Sound.Ring);
Alert(Momentum_Up, "Momentum_Up", Alert.BAR, Sound.Ding);
Alert(Momentum_Down, "Momentum_Down", Alert.BAR, Sound.Ring);

def State = if buysignal then 1 else if sellsignal then 2 else if !buysignal or !sellsignal then 3 else 0;
DefineGlobalColor("Buy Signal Bars", Color.GREEN);
DefineGlobalColor("Sell Signal Bars", Color.RED);
DefineGlobalColor("Neutral Bars", Color.YELLOW);
AssignPriceColor(if State == 1 then GlobalColor("Buy Signal Bars")
                       else if State == 2 then GlobalColor("Sell Signal Bars")
                       else GlobalColor("Neutral Bars"));

# End Moving Average Alignment

 

[RDMercer]

@RDMercer I have mentioned this in the beginning, this indicator is a combination of different studies, and some don't even do anything, like you said. I have dropped my focus from the trend reversal after finding out that it repaint due to having the ZigZag indicator.

Thanks for responding! Actually the reversal bubbles are clever... and are virtually identical two other trend studies. You get props as that's what I use primarily. How does one get the Fib lines to draw? Or Fib levels to be visible on the left or right border? I'm fine if they don't function but am wondering what can be ditched that won't function just to save a bit of processor overhead? Perhaps you have an updated or "cleaned up" version? Thank you again.

 

[tomsk]

Extracted this idea from @RDMercer post #369 of a variant of a massive Zig Zag High Low Supply Demand study that comprises many different components

https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369

I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in a study called Zig Zag High Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points

Label for Confirmed/Unconfirmed Status of Current Zigzag
Price Change between Zigzags
Price at Zigzag High/Low
Bar Count between Zigzags
Volume at Zigzag Reversals

I posted it at this new thread

https://usethinkscript.com/threads/zigzag-high-low-stats.1073/#post-9355

 

[eddielee394]

I'm working on a TOS strategy based on the Mobius trend reversal indicator.
https://usethinkscript.com/threads/trend-reversal-indicator-with-signals-for-thinkorswim.183/
I want to add some additional performance stats to the strategy (based on it's historical performance for the underlying symbol). A few of the stats i'm looking to add:

• Cumulative Return (Count and Percent);
• Max Drawdown (Percent)
• Max Drawdown Period (Date Range)
• Profit Factor (Float)
• Win Rate (Count and Percent)
• Avg trade duration (Float)
• Avg Win/Loss (Float)

Ideally I'd like to display these stats in the Databox to trim down on the noise for each chart, but I'm not sure if TOS supports that? Alternatively, if that's not possible i was thinking a lower indicator with chart bubbles would work as well. But I'm not 100% sure where to start. Any suggestions?

 

[eddielee394]

I want to add some additional performance stats to the strategy (based on it's historical performance for the underlying symbol). A few of the stats i'm looking to add:

• Cumulative Return (Count and Percent);
• Max Drawdown (Percent)
• Max Drawdown Period (Date Range)
• Profit Factor (Float)
• Win Rate (Count and Percent)
• Avg trade duration (Float)
• Avg Win/Loss (Float)

With some inspiration from from this post: https://usethinkscript.com/threads/...or-with-signals-for-thinkorswim.183/post-9356 I started digging into the original indicator code a bit further and realized that some of the basic data I'm looking for is already available (for the most part). I just have to work out how to accommodate for the repaint events and then display the data in the DataBox instead of as chart bubbles (looks as if the DataBox only displays plot data). Will share what i end up coming up with.

 

[BenTen]

@eddielee394 The repainting part of this indicator makes all backtesting strategy useless. If you could figure out how to combat that, you got something. Let us know how it goes.

 

[eddielee394]

@eddielee394 The repainting part of this indicator makes all backtesting strategy useless. If you could figure out how to combat that, you got something. Let us know how it goes.

@BenTen For sure, will do. I'm not super proficient with more advanced thinkscript syntax so for the sake debugging, any suggestions on the best approach to force or identify a historical repaint event (besides comparing the indicator on a static chart with "real-time" onDemand data )? I feel like going through searching for false signals using onDemand is like trying to find a needle in a haystack.

 

[Chimera777]

This a good indicator but difficult to stay on it, Because sometimes it gives you an alert bullish/bearish and if the stock broke that alert it vanish.

If someone can help me find an automated bot based on it, it will be great. or something to make it more solid.

 

[zeek]

With some inspiration from from this post: https://usethinkscript.com/threads/...or-with-signals-for-thinkorswim.183/post-9356 I started digging into the original indicator code a bit further and realized that some of the basic data I'm looking for is already available (for the most part). I just have to work out how to accommodate for the repaint events and then display the data in the DataBox instead of as chart bubbles (looks as if the DataBox only displays plot data). Will share what i end up coming up with.

Curious to know what you will find. I really like this indicator, even on smaller timeframes like the 3min but the re-painting made me remove the indicator because it`s important for me to backtest properly so if you can possibly find a way to modify the code to not re-paint, that would be great!

I have done already some backtesting using the on demand but it`s just way too time consuming.