Triple Exhaustion Indicator For ThinkOrSwim

[jygoli]

Scanner is not working for me .

 

[csricksdds]

I like this Indicator except I changed to to small cyan up/down arrows

Here is the changed code:

## Triple Exhaustion Indicator
##
##
## CREDITS
## Requested by @Chence27 from criteria listed here https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
##
##
## Removing the header Credit credits and description is not permitted, any modification needs to be shared.
##
## V 1.0 : @cos251 - Initial release per request from www.usethinkscript.com forum thread:
## : https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
## V 1.1 : @Chence27 - modifcations to better approximate original study
##
##
##Changed to small up/down cyan Arrows by Charles Ricks 5-4-23

declare upper;

# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.Exponential;
input length = 1000;
input paintBars = yes;
input showLabels = yes;


# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;
def MACD = reference MACD()."Value";
def priceMean = Average(MACD, length);
def MACD_stdev = (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";
# --- End Indicators

# --- Conditions
def sellerRegular = SlowK < 20 and MACD_stdev < -1 and dPlus < 15;
def sellerExtreme = SlowK < 20 and MACD_stdev < -2 and dPlus < 15;
def buyerRegular = SlowK > 80 and MACD_stdev > 1 and dMinus < 15;
def buyerExtreme = SlowK > 80 and MACD_stdev > 2 and dMinus < 15;
# --- End Conditions


# --- Arrows/Triggers
plot RegularBuy = if sellerRegular[1] and !sellerRegular then low else Double.NaN;

RegularBuy.SetPaintingStrategy(PaintingSTrategy.ARROW_UP);

RegularBuy.SetDefaultColor(Color.CYAN);


plot RegularSell = if buyerRegular[1] and !buyerRegular then high else Double.NaN;

RegularSell.SetPaintingStrategy(PaintingSTrategy.ARROW_Down);

RegularSell.SetDefaultColor(Color.CYAN);

 

[jygoli]

i am talking about the scanner code that is posted gives error

 

[HODL-Lay-HE-hoo!]

i am talking about the scanner code that is posted gives error

Never had much luck with the scanner I would suggest the watchlist columns

 

[spencepuppy]

Check to see if all criteria was coded as you indicated. Hopefully this is what you were looking for.

Triple Exhaustion Indicator

## Triple Exhaustion Indicator
##
##
## CREDITS
## Requested by @Chence27 from criteria listed here https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
##
##
## Removing the header Credit credits and description is not permitted, any modification needs to be shared.
##
## V 1.0 :    @cos251 - Initial release per request from www.usethinkscript.com forum thread:
##       :    https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
##
##
##

declare upper;

# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.SIMPLE;
input length = 1000;
input paintBars = yes;
input showLabels = yes;


# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;
def MACD = reference MACD()."Value";
def priceMean = Average(MACD, length);
def MACD_stdev =  (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";
# --- End Indicators

# --- Conditions
def sellerRegular = SlowK < 20 and MACD_stdev < -1 and dPlus < 15;
def sellerExtreme = SlowK < 20 and MACD_stdev < -2 and dPlus < 15;
def buyerRegular = SlowK > 80 and MACD_stdev > 1 and dMinus < 15;
def buyerExtreme = SlowK > 80 and MACD_stdev > 2 and dMinus < 15;
# --- End Conditions

# -- Price Color
AssignPriceColor( if paintBars and sellerExtreme then Color.CYAN else if buyerExtreme and paintBars then Color.GREEN else if paintBars and sellerRegular then Color.YELLOW else if buyerRegular and paintBars then Color.DARK_GREEN else if paintBars then Color.GRAY else Color.Current);

# --- Arrows/Triggers
plot RegularBuy = if sellerRegular[1] and !sellerRegular then low else Double.NaN;
plot ExtremeBuy = if sellerExtreme[1] and !sellerExtreme then low else Double.NaN;
RegularBuy.SetPaintingStrategy(PaintingSTrategy.ARROW_UP);
ExtremeBuy.SetPaintingSTrategy(paintingSTrategy.Arrow_UP);
RegularBuy.SetDefaultColor(Color.LIME);
ExtremeBuy.SetDefaultColor(Color.GREEN);

plot RegularSell = if buyerRegular[1] and !buyerRegular then high else Double.NaN;
plot ExtremeSell = if buyerExtreme[1] and !buyerExtreme then high else Double.NaN;
RegularSell.SetPaintingStrategy(PaintingSTrategy.ARROW_Down);
ExtremeSell.SetPaintingSTrategy(paintingSTrategy.Arrow_DOWN);
RegularSell.SetDefaultColor(Color.Light_RED);
ExtremeSell.SetDefaultColor(Color.RED);

# --- Labels
AddLabel(showLabels,"SellerRegular",Color.YELLOW);
AddLabel(showLabels,"SellerExtreme",Color.CYAN);
AddLabel(showLabels,"BuyerRegular",Color.DARK_GREEN);
AddLabel(showLabels,"BuyerExtreme",Color.GREEN);

Triple Exhaustion Indicator SCAN (Scanner)
**UPDATE - added extreme buy and trend plots!

## Triple Exhaustion Indicator SCAN
##
##
## CREDITS
## Requested by @Chence27 from criteria listed here https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
## SCAN requested by @Trader_Andrew
##
## Removing the header Credit credits and description is not permitted, any modification needs to be shared.
##
## V 1.1 :    @cos251 - Added Extreme buy arrow and trend plots
##
## V 1.0 :    @cos251 - Initial release per request from www.usethinkscript.com forum thread:
##       :    https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
##       :    SCAN version requested by @Trader_Andrew
##
##
##


# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.SIMPLE;
input length = 1000;
input paintBars = yes;
input showLabels = yes;


# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;
def MACD = reference MACD()."Value";
def priceMean = Average(MACD, length);
def MACD_stdev =  (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";
# --- End Indicators

# --- Conditions
def sellerRegular = SlowK < 20 and MACD_stdev < -1 and dPlus < 15;
def sellerExtreme = SlowK < 20 and MACD_stdev < -2 and dPlus < 15;
def buyerRegular = SlowK > 80 and MACD_stdev > 1 and dMinus < 15;
def buyerExtreme = SlowK > 80 and MACD_stdev > 2 and dMinus < 15;
# --- End Conditions

# --- Arrows/Triggers
plot RegularBuyArrow = if sellerRegular[1] and !sellerRegular then 1 else Double.NaN;
plot ExtremeBuyArrow = if sellerExtreme[1] and !sellerExtreme then 1 else Double.NaN;
plot RegularSellArrow = if buyerRegular[1] and !buyerRegular then 1 else Double.NaN;
plot ExtremeSellArrow = if buyerExtreme[1] and !buyerExtreme then 1 else Double.NaN;
plot RegularBuyTrendExists = if sellerRegular then 1 else Double.NaN;
plot ExtremeBuyTrendExists = if sellerExtreme then 1 else Double.NaN;
plot RegularSellTrendExists = if buyerRegular then 1 else Double.NaN;
plot ExtremeSellTrendExists = if buyerExtreme then 1 else DOuble.NaN;

I can not get this scan to work. Do I set the condition to 'close is equal to (scan name) "Regular Buy Arrow" ' ?

 

[HODL-Lay-HE-hoo!]

I can not get this scan to work. Do I set the condition to 'close is equal to (scan name) "Regular Buy Arrow" ' ?

I do not use the scan buy I believe people were scanning the candles not the arrows. The watchlist column I shared is for the arrow within 3 bars. You can copy past it into the scanner I would imagine.

 

[MerryDay]

I can not get this scan to work. Do I set the condition to 'close is equal to (scan name) "Regular Buy Arrow" ' ?

The Triple Exhaustion Indicator is extremely resource-intensive. Attempts at scanning will not be reliable.

 

[ruko23]

Yes it is mobile friendly... you will not see the colored candles only the arrows which indicates the end of exhaustion. I use it with my mobile setup.

Here is a screenshot of /ES 5min chart …

The red and green circles are Triple Exhastion… the circle that is dark inside is extreme exhaustion the circle with the lighter color inside is regular exhaustion

https://imgur.com/a/aKlqz8C

I’ve tried a couple versions of the study in this thread, none seem to be mobile friendly. Any chance you could share the version that is mobile friendly?

 

[MerryDay]

I’ve tried a couple versions of the study in this thread, none seem to be mobile friendly. Any chance you could share the version that is mobile friendly?

It would not be possible to use this indicator on mobile

 

[HODL-Lay-HE-hoo!]

I’ve tried a couple versions of the study in this thread, none seem to be mobile friendly. Any chance you could share the version that is mobile friendly?

If your looking for the candles to paint… Mobile does not have that functionality. If you load the original version of Triple exhaustion then open in mobile and change the arrows to dots (or leave the arrows) you may also need to add more days to your charts or change the length in settings to 900 or 1000.

The yellow circles show the green and red dots they are the “end of exhaustion” aka when the candles stop painting.