Triple Exhaustion Indicator For ThinkOrSwim

iMauiC said:
Is there a way to turn this indicator into an MTF label? Its rare to see a 1min,2min,5min, and 10min indication all line up to enter calls, but when it happens the moves are pretty explosive. Was curious if anyone knew any way to turn it into an MTF
Click to expand...
You mean turn the Triple Exhaustion into MTF?
 

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cos251 said:
You mean turn the Triple Exhaustion into MTF?
Click to expand...
Yea, so like the 10x System with the Multi Timeframe Label. If there was a way to turn it into a label system for each timeframe that only gives a color signal when the arrow is indicated.
 
iMauiC said:
Yea, so like the 10x System with the Multi Timeframe Label. If there was a way to turn it into a label system for each timeframe that only gives a color signal when the arrow is indicated
Click to expand...

Lets say all the labels are gray until, depending on if its extreme sellers, regular sellers, extreme buyers or regular buyer exhaustion it plots that color, That way it would be easier to see if each indication is translating to the higher timeframes or not without having to cycle through some many timeframes.
 
So first of all... not to get too technical but this indicator goes HARD. The magical unicorn gold standard combination of indicators is --> Triple Exhaustion - C3 Max Spark - and Index Equities with sector weight (lower).
 
Here is my version with 5 time frames current and 4 other aggregations. I only monitor regular as I have not gotten any value out of the extreme.
Rich (BB 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/
##
##
## adding MTF labels @irishgold 08/22/2022

declare upper;
input agperiod1 = { "1 min", default "2 min", "3 min", "5 min", "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod2 = {"1 min", "2 min", "3 min", default "5 min", "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod3 = {"1 min", "2 min", "3 min", "5 min", default "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod4 = {"1 min", "2 min", "3 min", "5 min", "10 min",  default "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input DI_Length = 14;
# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
def priceH1 = high(period = agperiod1);
def priceH2 = high(period = agperiod2);
def priceH3 = high(period = agperiod3);
def priceH4 = high(period = agperiod4);
def priceL1 = low(period = agperiod1);
def priceL2 = low(period = agperiod2);
def priceL3 = low(period = agperiod3);
def priceL4 = low(period = agperiod4);
def priceC1 = close(period = agperiod1);
def priceC2 = close(period = agperiod2);
def priceC3 = close(period = agperiod3);
def priceC4 = close(period = agperiod4);


input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.SIMPLE;
input length = 400;
input paintBars = yes;
input showLabels = yes;
input percentGain = .005;

# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;

def SlowK1 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH1, priceL1, priceC1, 3, averageType).FullK;

def SlowK2 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH2, priceL2, priceC2, 3, averageType).FullK;
def SlowK3 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH3, priceL3, priceC3, 3, averageType).FullK;
def SlowK4 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH4, priceL4, priceC4, 3, averageType).FullK;

def MACD = reference MACD()."Value";
# This section is for the aggregations term MACD
def MACD1 = (ExpAverage(priceC1[1], 12)) - (ExpAverage(priceC1[1], 26));
def MACD2 = (ExpAverage(priceC2[1], 12)) - (ExpAverage(priceC2[1], 26));
def MACD3 = (ExpAverage(priceC3[1], 12)) - (ExpAverage(priceC3[1], 26));
def MACD4 = (ExpAverage(priceC4[1], 12)) - (ExpAverage(priceC4[1], 26));
def priceMean1 = SimpleMovingAvg(MACD1, length);
def priceMean2 = SimpleMovingAvg(MACD2, length);
def priceMean3 = SimpleMovingAvg(MACD3, length);
def priceMean4 = SimpleMovingAvg(MACD4, length);

def MACD_stdev1 = (MACD1 - priceMean1) / StDev(MACD1, length);
def MACD_stdev2 = (MACD2 - priceMean2) / StDev(MACD2, length);
def MACD_stdev3 = (MACD3 - priceMean3) / StDev(MACD3, length);
def MACD_stdev4 = (MACD4 - priceMean4) / StDev(MACD4, length);



def priceMean = SimpleMovingAvg(MACD, length);
def MACD_stdev =  (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";

# DMI computations

def hiDiff1 = priceH1 - priceH1[1];
def loDiff1 = priceL1[1] - priceL1;
def plusDM1 = if hiDiff1 > loDiff1 and hiDiff1 > 0 then hiDiff1 else 0;
def minusDM1 =  if loDiff1 > hiDiff1 and loDiff1 > 0 then loDiff1 else 0;
def ATR1 = MovingAverage(averageType, TrueRange(priceH1, priceC1, priceL1), DI_Length);
def dPlus1 = 100 * MovingAverage(AverageType.WILDERS, plusDM1, DI_Length) / ATR1;
def dMinus1 = 100 * MovingAverage(AverageType.WILDERS, minusDM1, DI_Length) / ATR1;

def hiDiff2 = priceH2 - priceH2[1];
def loDiff2 = priceL2[1] - priceL2;
def plusDM2 = if hiDiff2 > loDiff2 and hiDiff2 > 0 then hiDiff2 else 0;
def minusDM2 =  if loDiff2 > hiDiff2 and loDiff2 > 0 then loDiff2 else 0;
def ATR2 = MovingAverage(averageType, TrueRange(priceH2, priceC2, priceL2), DI_Length);
def dPlus2 = 100 * MovingAverage(AverageType.WILDERS, plusDM2, DI_Length) / ATR2;
def dMinus2 = 100 * MovingAverage(AverageType.WILDERS, minusDM2, DI_Length) / ATR2;
def hiDiff3 = priceH3 - priceH3[1];
def loDiff3 = priceL3[1] - priceL3;
def plusDM3 = if hiDiff3 > loDiff3 and hiDiff3 > 0 then hiDiff3 else 0;
def minusDM3 =  if loDiff3 > hiDiff3 and loDiff3 > 0 then loDiff3 else 0;
def ATR3 = MovingAverage(averageType, TrueRange(priceH3, priceC3, priceL3), DI_Length);
def dPlus3 = 100 * MovingAverage(AverageType.WILDERS, plusDM3, DI_Length) / ATR3;
def dMinus3 = 100 * MovingAverage(AverageType.WILDERS, minusDM3, DI_Length) / ATR3;

def hiDiff4 = priceH4 - priceH4[1];
def loDiff4 = priceL4[1] - priceL4;
def plusDM4 = if hiDiff4 > loDiff4 and hiDiff4 > 0 then hiDiff4 else 0;
def minusDM4 =  if loDiff4 > hiDiff4 and loDiff4 > 0 then loDiff4 else 0;
def ATR4 = MovingAverage(averageType, TrueRange(priceH4, priceC4, priceL4), DI_Length);
def dPlus4 = 100 * MovingAverage(AverageType.WILDERS, plusDM4, DI_Length) / ATR4;
def dMinus4 = 100 * MovingAverage(AverageType.WILDERS, minusDM4, DI_Length) / ATR4;
# --- End Indicators

# --- Conditions
def sellerRegular1 = SlowK1 < 20 and MACD_stdev1 < -1 and dPlus1 < 15;
def sellerRegular2 = SlowK2 < 20 and MACD_stdev2 < -1 and dPlus2 < 15;
def sellerRegular3 = SlowK3 < 20 and MACD_stdev3 < -1 and dPlus3 < 15;
def sellerRegular4 = SlowK4 < 20 and MACD_stdev4 < -1 and dPlus4 < 15;

def buyerRegular1 = SlowK1 > 80 and MACD_stdev1 > 1 and dMinus1 < 15;
def buyerRegular2 = SlowK2 > 80 and MACD_stdev2 > 1 and dMinus2 < 15;
def buyerRegular3 = SlowK3 > 80 and MACD_stdev3 > 1 and dMinus3 < 15;
def buyerRegular4 = SlowK4 > 80 and MACD_stdev4 > 1 and dMinus4 < 15;


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;
def priceJump = if close[1] > (open[5] + open[5] * percentGain) then 1 else 0;
# --- End Conditions

# --- 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(CreateColor(255, 126, 0));
RegularBuy.SetLineWeight(2);
#ExtremeBuy.SetDefaultColor(CreateColor(255,126,0));
#ExtremeBuy.SetLineWeight(2);

plot RegularSell = if buyerRegular[2]  and !buyerRegular[1] then high else Double.NaN;
RegularSell.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RegularSell.SetLineWeight(2);
RegularSell.SetDefaultColor(CreateColor(255, 126, 0));
def currentPeriod = GetAggregationPeriod();
AddLabel(yes, if buyerRegular[2] and  !buyerRegular[1] then "TF: " + currentPeriod/60000 + " min Sell " else if sellerRegular[1] and !sellerRegular then  "TF: " + currentPeriod/60000 + " min Buy " else "TF: " + currentPeriod/60000 + " min",  if buyerRegular[2] and  !buyerRegular[1] then Color.RED else if  sellerRegular[2] and  !sellerRegular[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular1[2] and  !buyerRegular1[1] then "TF: " + agperiod1 + " Sell " else if sellerRegular1[1] and !sellerRegular1 then  "TF: " + agperiod1 + " Buy " else "TF: " + agperiod1,  if buyerRegular1[2] and  !buyerRegular1[1] then Color.RED else if  sellerRegular1[2] and  !sellerRegular1[1] then Color.GREEN else Color.GRAY);

AddLabel(yes, if buyerRegular2[2] and  !buyerRegular2[1] then "TF: " + agperiod2 + " Sell " else if sellerRegular2[1] and !sellerRegular2 then  "TF: " + agperiod2 + " Buy " else "TF: " + agperiod2,  if buyerRegular2[2] and  !buyerRegular2[1] then Color.RED else if  sellerRegular2[2] and  !sellerRegular2[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular3[2] and  !buyerRegular3[1] then "TF: " + agperiod3 + " Sell " else if sellerRegular3[1] and !sellerRegular3 then  "TF: " + agperiod3 + " Buy " else "TF: " + agperiod3,  if buyerRegular3[2] and  !buyerRegular3[1] then Color.RED else if  sellerRegular3[2] and  !sellerRegular3[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular4[2] and  !buyerRegular4[1] then "TF: " + agperiod4 + " Sell " else if sellerRegular4[1] and !sellerRegular4 then  "TF: " + agperiod4 + " Buy " else "TF: " + agperiod4,  if buyerRegular4[2] and  !buyerRegular4[1] then Color.RED else if  sellerRegular4[2] and  !sellerRegular4[1] then Color.GREEN else Color.GRAY);
 
irishgold said:
Here is my version with 5 time frames current and 4 other aggregations. I only monitor regular as I have not gotten any value out of the extreme.
Rich (BB 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/
##
##
## adding MTF labels @irishgold 08/22/2022

declare upper;
input agperiod1 = { "1 min", default "2 min", "3 min", "5 min", "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod2 = {"1 min", "2 min", "3 min", default "5 min", "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod3 = {"1 min", "2 min", "3 min", "5 min", default "10 min", "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input agperiod4 = {"1 min", "2 min", "3 min", "5 min", "10 min",  default "15 min", "30 min", "1 hour", "2 hours", "4 hours", "Day", "Week", "Month"};
input DI_Length = 14;
# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
def priceH1 = high(period = agperiod1);
def priceH2 = high(period = agperiod2);
def priceH3 = high(period = agperiod3);
def priceH4 = high(period = agperiod4);
def priceL1 = low(period = agperiod1);
def priceL2 = low(period = agperiod2);
def priceL3 = low(period = agperiod3);
def priceL4 = low(period = agperiod4);
def priceC1 = close(period = agperiod1);
def priceC2 = close(period = agperiod2);
def priceC3 = close(period = agperiod3);
def priceC4 = close(period = agperiod4);


input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.SIMPLE;
input length = 400;
input paintBars = yes;
input showLabels = yes;
input percentGain = .005;

# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;

def SlowK1 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH1, priceL1, priceC1, 3, averageType).FullK;

def SlowK2 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH2, priceL2, priceC2, 3, averageType).FullK;
def SlowK3 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH3, priceL3, priceC3, 3, averageType).FullK;
def SlowK4 = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH4, priceL4, priceC4, 3, averageType).FullK;

def MACD = reference MACD()."Value";
# This section is for the aggregations term MACD
def MACD1 = (ExpAverage(priceC1[1], 12)) - (ExpAverage(priceC1[1], 26));
def MACD2 = (ExpAverage(priceC2[1], 12)) - (ExpAverage(priceC2[1], 26));
def MACD3 = (ExpAverage(priceC3[1], 12)) - (ExpAverage(priceC3[1], 26));
def MACD4 = (ExpAverage(priceC4[1], 12)) - (ExpAverage(priceC4[1], 26));
def priceMean1 = SimpleMovingAvg(MACD1, length);
def priceMean2 = SimpleMovingAvg(MACD2, length);
def priceMean3 = SimpleMovingAvg(MACD3, length);
def priceMean4 = SimpleMovingAvg(MACD4, length);

def MACD_stdev1 = (MACD1 - priceMean1) / StDev(MACD1, length);
def MACD_stdev2 = (MACD2 - priceMean2) / StDev(MACD2, length);
def MACD_stdev3 = (MACD3 - priceMean3) / StDev(MACD3, length);
def MACD_stdev4 = (MACD4 - priceMean4) / StDev(MACD4, length);



def priceMean = SimpleMovingAvg(MACD, length);
def MACD_stdev =  (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";

# DMI computations

def hiDiff1 = priceH1 - priceH1[1];
def loDiff1 = priceL1[1] - priceL1;
def plusDM1 = if hiDiff1 > loDiff1 and hiDiff1 > 0 then hiDiff1 else 0;
def minusDM1 =  if loDiff1 > hiDiff1 and loDiff1 > 0 then loDiff1 else 0;
def ATR1 = MovingAverage(averageType, TrueRange(priceH1, priceC1, priceL1), DI_Length);
def dPlus1 = 100 * MovingAverage(AverageType.WILDERS, plusDM1, DI_Length) / ATR1;
def dMinus1 = 100 * MovingAverage(AverageType.WILDERS, minusDM1, DI_Length) / ATR1;

def hiDiff2 = priceH2 - priceH2[1];
def loDiff2 = priceL2[1] - priceL2;
def plusDM2 = if hiDiff2 > loDiff2 and hiDiff2 > 0 then hiDiff2 else 0;
def minusDM2 =  if loDiff2 > hiDiff2 and loDiff2 > 0 then loDiff2 else 0;
def ATR2 = MovingAverage(averageType, TrueRange(priceH2, priceC2, priceL2), DI_Length);
def dPlus2 = 100 * MovingAverage(AverageType.WILDERS, plusDM2, DI_Length) / ATR2;
def dMinus2 = 100 * MovingAverage(AverageType.WILDERS, minusDM2, DI_Length) / ATR2;
def hiDiff3 = priceH3 - priceH3[1];
def loDiff3 = priceL3[1] - priceL3;
def plusDM3 = if hiDiff3 > loDiff3 and hiDiff3 > 0 then hiDiff3 else 0;
def minusDM3 =  if loDiff3 > hiDiff3 and loDiff3 > 0 then loDiff3 else 0;
def ATR3 = MovingAverage(averageType, TrueRange(priceH3, priceC3, priceL3), DI_Length);
def dPlus3 = 100 * MovingAverage(AverageType.WILDERS, plusDM3, DI_Length) / ATR3;
def dMinus3 = 100 * MovingAverage(AverageType.WILDERS, minusDM3, DI_Length) / ATR3;

def hiDiff4 = priceH4 - priceH4[1];
def loDiff4 = priceL4[1] - priceL4;
def plusDM4 = if hiDiff4 > loDiff4 and hiDiff4 > 0 then hiDiff4 else 0;
def minusDM4 =  if loDiff4 > hiDiff4 and loDiff4 > 0 then loDiff4 else 0;
def ATR4 = MovingAverage(averageType, TrueRange(priceH4, priceC4, priceL4), DI_Length);
def dPlus4 = 100 * MovingAverage(AverageType.WILDERS, plusDM4, DI_Length) / ATR4;
def dMinus4 = 100 * MovingAverage(AverageType.WILDERS, minusDM4, DI_Length) / ATR4;
# --- End Indicators

# --- Conditions
def sellerRegular1 = SlowK1 < 20 and MACD_stdev1 < -1 and dPlus1 < 15;
def sellerRegular2 = SlowK2 < 20 and MACD_stdev2 < -1 and dPlus2 < 15;
def sellerRegular3 = SlowK3 < 20 and MACD_stdev3 < -1 and dPlus3 < 15;
def sellerRegular4 = SlowK4 < 20 and MACD_stdev4 < -1 and dPlus4 < 15;

def buyerRegular1 = SlowK1 > 80 and MACD_stdev1 > 1 and dMinus1 < 15;
def buyerRegular2 = SlowK2 > 80 and MACD_stdev2 > 1 and dMinus2 < 15;
def buyerRegular3 = SlowK3 > 80 and MACD_stdev3 > 1 and dMinus3 < 15;
def buyerRegular4 = SlowK4 > 80 and MACD_stdev4 > 1 and dMinus4 < 15;


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;
def priceJump = if close[1] > (open[5] + open[5] * percentGain) then 1 else 0;
# --- End Conditions

# --- 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(CreateColor(255, 126, 0));
RegularBuy.SetLineWeight(2);
#ExtremeBuy.SetDefaultColor(CreateColor(255,126,0));
#ExtremeBuy.SetLineWeight(2);

plot RegularSell = if buyerRegular[2]  and !buyerRegular[1] then high else Double.NaN;
RegularSell.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
RegularSell.SetLineWeight(2);
RegularSell.SetDefaultColor(CreateColor(255, 126, 0));
def currentPeriod = GetAggregationPeriod();
AddLabel(yes, if buyerRegular[2] and  !buyerRegular[1] then "TF: " + currentPeriod/60000 + " min Sell " else if sellerRegular[1] and !sellerRegular then  "TF: " + currentPeriod/60000 + " min Buy " else "TF: " + currentPeriod/60000 + " min",  if buyerRegular[2] and  !buyerRegular[1] then Color.RED else if  sellerRegular[2] and  !sellerRegular[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular1[2] and  !buyerRegular1[1] then "TF: " + agperiod1 + " Sell " else if sellerRegular1[1] and !sellerRegular1 then  "TF: " + agperiod1 + " Buy " else "TF: " + agperiod1,  if buyerRegular1[2] and  !buyerRegular1[1] then Color.RED else if  sellerRegular1[2] and  !sellerRegular1[1] then Color.GREEN else Color.GRAY);

AddLabel(yes, if buyerRegular2[2] and  !buyerRegular2[1] then "TF: " + agperiod2 + " Sell " else if sellerRegular2[1] and !sellerRegular2 then  "TF: " + agperiod2 + " Buy " else "TF: " + agperiod2,  if buyerRegular2[2] and  !buyerRegular2[1] then Color.RED else if  sellerRegular2[2] and  !sellerRegular2[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular3[2] and  !buyerRegular3[1] then "TF: " + agperiod3 + " Sell " else if sellerRegular3[1] and !sellerRegular3 then  "TF: " + agperiod3 + " Buy " else "TF: " + agperiod3,  if buyerRegular3[2] and  !buyerRegular3[1] then Color.RED else if  sellerRegular3[2] and  !sellerRegular3[1] then Color.GREEN else Color.GRAY);
AddLabel(yes, if buyerRegular4[2] and  !buyerRegular4[1] then "TF: " + agperiod4 + " Sell " else if sellerRegular4[1] and !sellerRegular4 then  "TF: " + agperiod4 + " Buy " else "TF: " + agperiod4,  if buyerRegular4[2] and  !buyerRegular4[1] then Color.RED else if  sellerRegular4[2] and  !sellerRegular4[1] then Color.GREEN else Color.GRAY);
Click to expand...
Pretty awesome, but can't seem to get any of the signals
 
@iMauiC you are right, the problem is an arrow will stay on the screen historically but the label is real time. I was watching the other day and the 1 min label turn green(also arrow) , so what I am thinking is it needs a lookback to work. So if it has had a signal in x number of bars to show in label. You have the obvious problem of multiple time frames so the likelihood of them all lighting up would be almost impossible right now. If anyone has ideas, I'm really not concentrating on this right now.
 
Can someone help me out.... im making a label to turn green or red when an arrow plots within the last x number of bars (which is my issue) for triple exhaustion. This is what i have so far without the reference to look back x bars... if someone could point me in the right direction i would appreciate it thanks!

Code: 
AddLabel (yes, " 3X ARW: ", Color.Gray);
AddLabel (yes,
               if buyerRegular[1] and !buyerRegular then "  " else
               if sellerRegular[1] and !sellerRegular then "  " else "  ",
               if buyerRegular[1] and !buyerRegular then Color.Green else
               if sellerRegular[1] and !sellerRegular then Color.Red else
               Color.yellow);
 
HODL-Lay-HE-hoo! said:
Can someone help me out.... im making a label to turn green or red when an arrow plots within the last x number of bars (which is my issue) for triple exhaustion. This is what i have so far without the reference to look back x bars... if someone could point me in the right direction i would appreciate it thanks!

Code: 
AddLabel (yes, " 3X ARW: ", Color.Gray);
AddLabel (yes,
               if buyerRegular[1] and !buyerRegular then "  " else
               if sellerRegular[1] and !sellerRegular then "  " else "  ",
               if buyerRegular[1] and !buyerRegular then Color.Green else
               if sellerRegular[1] and !sellerRegular then Color.Red else
               Color.yellow);
Click to expand...
You could potentially try something like this

if (buyerRegular[1] or buyerRegular[2] or buyerRegular[3] ) and !buyerRegular then " " else

I am sure there is a cleaner way of doing it with a "case" statement but I am not sure about it

Also, it might not be possible to figure from the above if alert was 1 bar back or 3 bars back. A simple scan for "true within the last x candles" might be a better option IMHO....

/Baba
 
lolreconlol said:
Anyone that's having success with this indicator - can you please share a strategy? Thank you!
Click to expand...
Use it with C3 Max Spark and EMAD lower
Babaji Ka Thullu said:
You could potentially try something like this

if (buyerRegular[1] or buyerRegular[2] or buyerRegular[3] ) and !buyerRegular then " " else

I am sure there is a cleaner way of doing it with a "case" statement but I am not sure about it

Also, it might not be possible to figure from the above if alert was 1 bar back or 3 bars back. A simple scan for "true within the last x candles" might be a better option IMHO....

/Baba
Click to expand...
oooooh that makes sense, thank you!
 
illtrader said:
Wondering if any one can help modify this indicator - instead of painting the bars, the study would draw a line under the exhaustion candles, similar to the Supertrend Line indicator posted here https://usethinkscript.com/threads/supertrend-tradingview-look-a-like-for-thinkorswim.7719/
Click to expand...
MerryDay said:
This study is complex for ThinkOrSwim, adding any more logic would not be recommended.
Click to expand...
Would it be possible to convert to something similar to the C3 MF Line?

https://usethinkscript.com/threads/confirmation-candles-indicator-for-thinkorswim.6316/post-92451
 
MerryDay said:
This study is complex for ThinkOrSwim, adding any more logic would not be recommended.
Click to expand...
Thank you for responding MerryDay, I appreciate your insight. Basically I'm trying to think of a way to still show the progression of the exhaustion without coloring all the candles because I want to be able to see the normal candles with that progression all on one chart (right now I accomplish this with having multiple charts up, which takes up more screen). What about instead of painting the entire candle, could it only paint the inside or outside, is there a way to distinguish that? Do you have any other thoughts?
 
Last edited:
Topas said:
This is like magic .... request is fulfill and coded in an hour .... all i can say WOW
Click to expand...
I have tried several times to get this script to work in ToS. But each time, it giving me an error message, "AddLabel
Chence27 said:
Triple Exhaustion Indicator For ThinkOrSwim
This is a pretty powerful indicator showing buy and sell exhaustion (MACD, Stochastic and DMI all in an extreme condition). When the exhaustion ends, expect a reversal. Thank you @cos251 for the code!

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
##
##
##

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.MAGENTA else if paintBars and sellerRegular then Color.GREEN else if buyerRegular and paintBars then Color.RED else if paintBars then Color.GRAY else Color.Current);

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

RegularBuy.SetPaintingStrategy(PaintingSTrategy.ARROW_UP);

RegularBuy.SetDefaultColor(Color.GREEN);


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

RegularSell.SetPaintingStrategy(PaintingSTrategy.ARROW_Down);

RegularSell.SetDefaultColor(Color.RED);


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


VSftwHT.png

3R1WY6H.png
Click to expand...
I've tried several times. But, I keep getting an error. "AddLabel is not allowed in this context". Can I use something else instead? Please help. Thanks in Advance!
 
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