True Strength Indicator for ThinkorSwim

J007RMC

Well-known member
2019 Donor
I feel like Ive been over posting but wanted to add this last script hoping someone may find a use for it. Ive loaded it onto my charts I think it will be useful for me. I found this script on one note but really wasn't much information on it so I added the notation One note and the date it was posted. I added 2 arrows just it will be more memorable for my use.

RmZNtUy.png


Code:
#ONE NOTE
#Wednesday, May 15, 2019 - archived 1
plot Data = close;plot NA = Double.NaN;
NA.SetDefaultColor(Color.BLACK);
NA.HideBubble();
NA.HideTitle();
declare lower;
input IndicatorLine = 32;
input Smooth = 5;
input SignalLine = 5;
plot TSIFast = TrueStrengthIndex(LongLength = IndicatorLine, ShortLength = Smooth);
plot TSISlow = ExpAverage(TSIFast, SignalLine);
plot zero = 0;
zero.SetDefaultColor(Color.WHITE);
zero.HideBubble();
zero.HideTitle();
plot Fast = TSIFast;
Fast.SetDefaultColor(Color.BLUE);
plot Slow = TSISlow;
Slow.SetDefaultColor(Color.WHITE);
Slow.SetStyle(Curve.SHORT_DASH);
plot HighLvl = 25;
HighLvl.SetDefaultColor(Color.LIGHT_GREEN);
HighLvl.HideBubble();
HighLvl.HideTitle();
plot LowLvl = -25;
LowLvl.SetDefaultColor(Color.RED);
LowLvl.HideBubble();
LowLvl.HideTitle();
plot Hist = (TSIFast - TSISlow) * 2;
Hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Hist.SetLineWeight(5);
Hist.AssignValueColor(if TSIFast >= TSISlow then Color.GREEN else Color.RED);
#Arrows
input usearrows = yes;
plot arrowup = if usearrows and Hist crosses above 0 then 0 else Double.NaN;
arrowup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
arrowup.SetDefaultColor(Color.GREEN);
arrowup.SetLineWeight(3);
plot arrowdn = if usearrows and Hist crosses below 0 then 0 else Double.NaN;
arrowdn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
arrowdn.SetDefaultColor(Color.RED);
arrowdn.SetLineWeight(3);
#Clouds
def cond1 = if Hist > 0
then Double.POSITIVE_INFINITY
else Double.NEGATIVE_INFINITY;
def cond2 = if Hist < 0
then Double.POSITIVE_INFINITY
else Double.NEGATIVE_INFINITY;
input showclouds = yes;
AddCloud(if showclouds
then cond1
else Double.NaN,
cond2,
Color.WHITE, Color.GRAY);
input usealerts = yes;
 
Last edited:

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