Repaints Trend Reversal Questions

[MerryDay]

Trend Reversal Indicator:
Read through this thread for answers to everything that you ever wanted to know about the Trend Reversal Indicator
https://usethinkscript.com/threads/trend-reversal-indicator-with-signals-for-thinkorswim.183/

PLEASE NOTE: THIS INDICATOR REPAINTS

Because repainters are such prolific liars, these studies should ONLY be used to make entry by traders proficient in using them in correlation with price action, candlestick patterns, a disciplined stop-loss plan, and the fortitude to weather the losses that come with the false signals.
Read more:
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-57833

Continue reading for answers to your most pressing questions.

Trend Reversal Indicator

Caveat: Scripts that repaint should NOT be used in Scans, Watchlists, Alerts, Conditional Orders or Backtesting Strategies.
a. The script will fire on a false signal. The signal will then disappear. You will think the script is broken.
b. The script didn't fire on the signal. That is because it wasn't there at that time! It was painted on afterward. You will think the script is broken.

Scalpers scan for one of the other indicators in their tool box
read more:
https://usethinkscript.com/threads/price-action-toolbox-for-thinkorswim.10747/
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-57833

Day traders use momentum and trend indicators to find reversals.
Yes, all the momentum and trend indicators are scannable for day trading.

 

[TravelingisDope]

Hello!

I am hoping someone would be able to assist in editing the code. I am looking for the study to ring when the reversal signs come up on the 15m. I do see in the code that it says alert, but it is not alerting when the reversal sign comes up.

https://usethinkscript.com/threads/trend-reversal-for-thinkorswim.183/

 

[msanz]

Hello,

I am attaching this indicator which is very useful to see if someone could tell me how to put an alert into the programming every time a green or red arrow appears;

 

[MURFMURF]

I understand 1000's have a problem with the repainting issue. But I've come to like the repainting issue. it let's me know quickly that conditions have changed. And I may have to choose to act.

The below string fixed one of problems where I could not use the original reversal indicator in a scan, the script was too long.

My only remaining problem, I still can't use it in Alert. I would like to get this groups opinion if it's possible, or their thoughts on the topic.

https://usethinkscript.com/threads/how-is-trend-reversal-calculated.7649/page-2#posts

 

[useThinkScript]

Everything you want to know about alerts
https://usethinkscript.com/threads/trend-reversal-questions.7600/page-4#post-123668
@msanz

@MURFMURF
A version that is not complicated:
https://usethinkscript.com/threads/trend-reversal-questions.7600/#post-73713