Repaints TTM_ScalperAlert for ThinkorSwim

diazlaz · Oct 26, 2019

TTM_ScalperAlert reversed engineered / duplicated by Mobius.

Ruby:

# Mobius
# Mobius on My Trade
# TTM Scalper Replica or High_Low_Pivots
# V001.06.2012
# jpwel added alerts 06/26/2015

input n = 8;
input ShowLines = yes;
input SoundAlerts = yes;

def h = high;
def l = low;
def Firstbar = BarNumber();
def Highest = fold i = 1
             to n + 1
             with p = 1
             while p
             do h > GetValue(h, -i);
def A = if (Firstbar > n
            and h == Highest(h, n)
            and Highest)
            then h
            else Double.NaN;
def Lowest = fold j = 1
            to n + 1
            with q = 1
            while q
            do l < GetValue(l, -j);
def B = if (Firstbar > n
            and l == Lowest(l, n)
            and Lowest)
            then l
            else Double.NaN;
rec Al = if !IsNaN(A)
             then A
             else Al[1];
rec Bl = if !IsNaN(B)
             then B
             else Bl[1];

plot ph = Round(A, 2);
ph.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
                       then Al
                       else Double.NaN;
hL.SetHiding(!ShowLines);
hL.SetPaintingStrategy(PaintingStrategy.DASHES);
hL.SetDefaultColor(Color.GREEN);

plot pl = Round(B, 2);
pl.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0
                      then Bl
                      else Double.NaN;
ll.SetHiding(!ShowLines);
ll.SetPaintingStrategy(PaintingStrategy.DASHES);
ll.SetDefaultColor(Color.RED);

tomsk · Nov 13, 2019

TTM Scalper as well as ZigZagHighLow uses future bars to repaint pivots and that is the reason why they look "so good". This was reemphasized by Mobius several years ago when someone asked him a similar query

kaneshaflowers · Jun 16, 2020

Hi, I want to build a TTM_ScalperAlert scan, can someone please help me fix this code. i try to mimic the TTM_Squeeze scan but it show error.

Code:

# TTM_ScalperAlert
def ScalpBuy = TTM_ScalperAlert().Scan == 1 and TTM_ScalperAlert().Scan[1] == 0
def ScalpSell = TTM_ScalperAlert().Scan == -1 and TTM_ScalperAlert().Scan[1] == 0
AddLabel(ScalpBuy, "BUY", color.white);
AddLabel(ScalpSell, "SELL", color.white);
AssignBackgroundColor(if ScalpBuy then color.green else if ScalpSell then color.red else color.black);

Thanks for the help

BenTen · Jun 16, 2020

May want to read the comment posted by @tomsk before even consider using it.

In short, the TTM_Scalper is a lagging indicator. Adding alerts to it is useless.

Shooters_Gotta_Shoot · Jan 9, 2021

Hey everyone,

I came across this Mobius Study titled: "TTM Scalper Replica" or maybe "High_Low_Pivots" in the Convert TTM Scalper Indicator to Strategy? thread from a little while back. I really like this study, but it has one flaw that I am hoping someone may know how to fix! When you load the indicator for the first time, it plots everything where it should be with no issues. BUT when the market is open, for some reason the indicator does not want to update as time moves along. If you go to 'Edit Study' and just click 'Apply' the indicator does update it's information and looks perfectly normal again. So, for backtesting purposes this is not a problem due to the system automatically updating previous data, but it for some reason doesn't want to update it's real-time / present data. But once you "Re-Apply" / refresh the indicator it works.

I would rather not manually update my indicators every 30 seconds / I don't think anyone would...so if there is any way to fix this, it would be greatly appreciated!

MerryDay · Jan 10, 2021

@Shooters_Gotta_Shoot
In the LoungeArchieves there was a conversation:

11:07 Mobius: uncle.. TTM Scalper looks so good because it uses Future Bars to confirm the pivot. Any signal will be at minimum 3 bars late.

11:10 Mobius: kathy - You can move that signal by using your existing condition as a definition and assgining the plot an index. But like the TTM Scalper if you index to the future to move the plot back it will plot that amount of bars

12:10 MTS1: Pretty sure it uses future data to determine pivots; hence it 'repaints'; the results change as candles are added.

12:11 ron6875: So future data cannot have alerts?

12:12 MTS1: (Or lowPivot). Not if it plots on historical candles once confirmed.

12:12 ron6875: ohh, so once historical candles are confirmed an alert cant happen?

12:19 FoxTechnicals: I'd be extremely impressed if someone made a working strategy out of the TTM scalper. One of the most misleading indciators I've ever come across

Mobius: TTM scalper repaints as does zigzag making it useless

18:23 bradleyj: I have been backtesting the TTM Scalper Alert and it seems to work pretty good for Index futures on 15 min charts.
18:24 bradleyj: So you have a Study that could do the same thing?
18:24 Mobius: It's Perfect since it confirms pivots with future bars. Just think if you could only trade that way
18:24 Mobius: That study is pure "D" crap

rbharol · Nov 21, 2021

diazlaz said:

This one has already been reversed engineered / duplicated by Mobius.

Ruby:

# Mobius
# Mobius on My Trade
# TTM Scalper Replica or High_Low_Pivots
# V001.06.2012
# jpwel added alerts 06/26/2015

input n = 8;
input ShowLines = yes;
input SoundAlerts = yes;

def h = high;
def l = low;
def Firstbar = BarNumber();
def Highest = fold i = 1
             to n + 1
             with p = 1
             while p
             do h > GetValue(h, -i);
def A = if (Firstbar > n
            and h == Highest(h, n)
            and Highest)
            then h
            else Double.NaN;
def Lowest = fold j = 1
            to n + 1
            with q = 1
            while q
            do l < GetValue(l, -j);
def B = if (Firstbar > n
            and l == Lowest(l, n)
            and Lowest)
            then l
            else Double.NaN;
rec Al = if !IsNaN(A)
             then A
             else Al[1];
rec Bl = if !IsNaN(B)
             then B
             else Bl[1];

plot ph = Round(A, 2);
ph.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
                       then Al
                       else Double.NaN;
hL.SetHiding(!ShowLines);
hL.SetPaintingStrategy(PaintingStrategy.DASHES);
hL.SetDefaultColor(Color.GREEN);

plot pl = Round(B, 2);
pl.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0
                      then Bl
                      else Double.NaN;
ll.SetHiding(!ShowLines);
ll.SetPaintingStrategy(PaintingStrategy.DASHES);
ll.SetDefaultColor(Color.RED);

Hi,
Thanks for the sharing. I can't understand this logic though. Aren't those "Highest" and then calling Highest() function doing the same? But then I found that we can't ommit either of the tow.

MerryDay · Nov 21, 2021

rbharol said:
Hi,
Thanks for the sharing. I can't understand this logic though. Aren't those "Highest" and then calling Highest() function doing the same? But then I found that we can't ommit either of the tow.

No you can't omit them, they call the Future Bars to confirm the pivot.

rbharol · Nov 21, 2021

MerryDay said:
No you can't omit them, they call the Future Bars to confirm the pivot.

Thanks for the quick reply. Which one is using the future bars? The following?

Code:

def Highest = fold i = 1
             to n + 1
             with p = 1
             while p
             do h > GetValue(h, -i);

I am having trouble understanding the GetValue function. The thinkscript documentation wasn't very clear for me.

rbharol · Nov 21, 2021

rbharol said:
Thanks for the quick reply. Which one is using the future bars? The following?

Code:

def Highest = fold i = 1 to n + 1 with p = 1 while p do h > GetValue(h, -i);

I am having trouble understanding the GetValue function. The thinkscript documentation wasn't very clear for me.

OK. I figured it out. You have to tweak it to your liking. The loop Highest and Lowest use future values to determine the Pivot points. Yes, it is lagging but you can change the code a little bit to determine how many future bars you want to look at. If you change the future bars to be checked to say 3 bars (opposed to the default of 8 bars in this code), you will be able to enter the trade three bars later. The number of future bars determines the accuracy as well. More future bars you look, more accurate but more useless it becomes for trading. So Keep the future bars low to get a quick signal but then add some other indicator to tell you when to ignore it.

rbharol · Nov 29, 2021

rbharol said:
OK. I figured it out. You have to tweak it to your liking. The loop Highest and Lowest use future values to determine the Pivot points. Yes, it is lagging but you can change the code a little bit to determine how many future bars you want to look at. If you change the future bars to be checked to say 3 bars (opposed to the default of 8 bars in this code), you will be able to enter the trade three bars later. The number of future bars determines the accuracy as well. More future bars you look, more accurate but more useless it becomes for trading. So Keep the future bars low to get a quick signal but then add some other indicator to tell you when to ignore it.

I figured that this code is similar but NOT SAME as TTM Scalper. I am trying to make it better (Not trying to make is exactly same as TTM scalper)> Will post here when done.

Lesnewby · Nov 30, 2021

rbharol said:
I figured that this code is similar but NOT SAME as TTM Scalper. I am trying to make it better (Not trying to make is exactly same as TTM scalper)> Will post here when done.

Hi, did you ever fix the TTM Scalper? I use 3 bars in TTM Scalper and use HA 2grn bars no down tail on bars to confirm.

rbharol · Dec 3, 2021

Lesnewby said:
Hi, did you ever fix the TTM Scalper? I use 3 bars in TTM Scalper and use HA 2grn bars no down tail on bars to confirm.

I have TTM Scalper set up to give a sound alert and give an up arrow on the third bar after the signal. This bar gives the buy or sell signal. I can share if you want. What I am after actually is to have a code/logic that can simulate that so that I can place automated trades via TDAmeritrade Software APIs.

BOOMERMANG · Feb 2, 2022

Need some help trying to edit this code to work for OTC Pennies. The problem I'm having is with the lines:

plot ph = Round(A, 2);
plot pL = Round(B, 2);

It works fine for anything trading above .99 but with the lower penny stocks that trade more than two decimal places, it rounds the plot to the nearest hundredth.

I tried to modify the code myself, by using

plot ph =GetValue(A, 2);
plot pL = GetValue(B, 2);

I was successful in getting the rest of the decimal places to plot, but now they're plotting within the lines rather than above and below.

Anyone able to help me get these values to plot back above and below the lines?

Code:

# Mobius
# Mobius on My Trade
# TTM Scalper Replica or High_Low_Pivots
# V001.06.2012
# jpwel added alerts 06/26/2015

input n = 8;
input ShowLines = yes;
input SoundAlerts = yes;

def h = high;
def l = low;
def Firstbar = BarNumber();
def Highest = fold i = 1
             to n + 1
             with p = 1
             while p
             do h > GetValue(h, -i);
def A = if (Firstbar > n
            and h == Highest(h, n)
            and Highest)
            then h
            else Double.NaN;
def Lowest = fold j = 1
            to n + 1
            with q = 1
            while q
            do l < GetValue(l, -j);
def B = if (Firstbar > n
            and l == Lowest(l, n)
            and Lowest)
            then l
            else Double.NaN;
rec Al = if !IsNaN(A)
             then A
             else Al[1];
rec Bl = if !IsNaN(B)
             then B
             else Bl[1];

plot ph = Round(A, 2);
#plot ph = GetValue(A, 2);
ph.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
                       then Al
                       else Double.NaN;
hL.SetHiding(!ShowLines);
hL.SetPaintingStrategy(PaintingStrategy.DASHES);
hL.SetDefaultColor(Color.GREEN);

plot pl = Round(B,2);
#plot pl = GetValue(B, 2);
pl.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0
                      then Bl
                      else Double.NaN;
ll.SetHiding(!ShowLines);
ll.SetPaintingStrategy(PaintingStrategy.DASHES);
ll.SetDefaultColor(Color.RED);

halcyonguy · Feb 2, 2022

BusterMan83 said:
Need some help trying to edit this code to work for OTC Pennies. The problem I'm having is with the lines:

plot ph = Round(A, 2);
plot pL = Round(B, 2);

It works fine for anything trading above .99 but with the lower penny stocks that trade more than two decimal places, it rounds the plot to the nearest hundredth.

I tried to modify the code myself, by using

plot ph =GetValue(A, 2);
plot pL = GetValue(B, 2);

I was successful in getting the rest of the decimal places to plot, but now they're plotting within the lines rather than above and below.

Anyone able to help me get these values to plot back above and below the lines?

good job on trying something. it wasn't right, but you tried. keep on experimenting and learning.

getvalue has nothing to do with rounding a number. it reads a variable , x bars away from the current bar.

in your case,
. plot ph = GetValue(A, 2);
is using an offset of 2 to read A.
that means it is looking back 2 bars and reading the value of A. that is why the numbers are 'on the line'.
the numbers are not from the candle that triggered the line to be drawn. they are the wrong numbers.

i added this to change how many digits are shown.
def digits = if close < 0.01 then 6 else if close < 1 then 4 else 2;
plot ph = Round(A, digits);
plot pL = Round(B, digits);

if there are trailing zeros, they will not be shown. ( 0.4100 will be 0.41 )

tested with
OGEN 0.4425
ACRX 0.4850
SGMD 0.00085

Ruby:

# peakhorzlines_6digits_00c

# add digits formula for rounding to 2,4,6 digits

# Mobius
# Mobius on My Trade
# TTM Scalper Replica or High_Low_Pivots
# V001.06.2012
# jpwel added alerts 06/26/2015

input n = 8;
input ShowLines = yes;
input SoundAlerts = yes;

def h = high;
def l = low;
def Firstbar = BarNumber();
def Highest = fold i = 1
             to n + 1
             with p = 1
             while p
             do h > GetValue(h, -i);
def A = if (Firstbar > n
            and h == Highest(h, n)
            and Highest)
            then h
            else Double.NaN;
def Lowest = fold j = 1
            to n + 1
            with q = 1
            while q
            do l < GetValue(l, -j);
def B = if (Firstbar > n
            and l == Lowest(l, n)
            and Lowest)
            then l
            else Double.NaN;
rec Al = if !IsNaN(A)
             then A
             else Al[1];
rec Bl = if !IsNaN(B)
             then B
             else Bl[1];


def digits = if close < 0.01 then 6 else if close < 1 then 4 else 2;

plot ph = Round(A, digits);
#plot ph = Round(A, 2);
ph.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
                       then Al
                       else Double.NaN;
hL.SetHiding(!ShowLines);
hL.SetPaintingStrategy(PaintingStrategy.DASHES);
hL.SetDefaultColor(Color.GREEN);


plot pL = Round(B, digits);
#plot pl = Round(B,2);
pl.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0
                      then Bl
                      else Double.NaN;
ll.SetHiding(!ShowLines);
ll.SetPaintingStrategy(PaintingStrategy.DASHES);
ll.SetDefaultColor(Color.RED);
#

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/GetValue

BOOMERMANG · Feb 2, 2022

halcyonguy said:
good job on trying something. it wasn't right, but you tried. keep on experimenting and learning.

getvalue has nothing to do with rounding a number. it reads a variable , x bars away from the current bar.

in your case,
. plot ph = GetValue(A, 2);
is using an offset of 2 to read A.
that means it is looking back 2 bars and reading the value of A. that is why the numbers are 'on the line'.
the numbers are not from the candle that triggered the line to be drawn. they are the wrong numbers.

i added this to change how many digits are shown.
def digits = if close < 0.01 then 6 else if close < 1 then 4 else 2;
plot ph = Round(A, digits);
plot pL = Round(B, digits);

if there are trailing zeros, they will not be shown. ( 0.4100 will be 0.41 )

tested with
OGEN 0.4425
ACRX 0.4850
SGMD 0.00085

Ruby:

# peakhorzlines_6digits_00c # add digits formula for rounding to 2,4,6 digits # Mobius # Mobius on My Trade # TTM Scalper Replica or High_Low_Pivots # V001.06.2012 # jpwel added alerts 06/26/2015 input n = 8; input ShowLines = yes; input SoundAlerts = yes; def h = high; def l = low; def Firstbar = BarNumber(); def Highest = fold i = 1 to n + 1 with p = 1 while p do h > GetValue(h, -i); def A = if (Firstbar > n and h == Highest(h, n) and Highest) then h else Double.NaN; def Lowest = fold j = 1 to n + 1 with q = 1 while q do l < GetValue(l, -j); def B = if (Firstbar > n and l == Lowest(l, n) and Lowest) then l else Double.NaN; rec Al = if !IsNaN(A) then A else Al[1]; rec Bl = if !IsNaN(B) then B else Bl[1]; def digits = if close < 0.01 then 6 else if close < 1 then 4 else 2; plot ph = Round(A, digits); #plot ph = Round(A, 2); ph.SetPaintingStrategy(PaintingStrategy.VALUES_ABOVE); plot hL = if Al > 0 then Al else Double.NaN; hL.SetHiding(!ShowLines); hL.SetPaintingStrategy(PaintingStrategy.DASHES); hL.SetDefaultColor(Color.GREEN); plot pL = Round(B, digits); #plot pl = Round(B,2); pl.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW); plot ll = if Bl > 0 then Bl else Double.NaN; ll.SetHiding(!ShowLines); ll.SetPaintingStrategy(PaintingStrategy.DASHES); ll.SetDefaultColor(Color.RED); #

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/GetValue

Thank you so so much! I really appreciate it. I really do try to not be one of those that just demands everyone write them code. I enjoy trying to figure it out on my own, and have had much success by just combing through posts on this site for hours. I have very basic experience when it comes to coding, but enough to the point where if I go through someone else's code I can usually figure out what's doing what.... but I sometimes struggle with the "why?" like with this one. I appreciate you answering the "why?" too, and sharing the info link. I understand now "why?", and I definitely would not have known how to remedy it. So again thank you for the updated code, and for being informative as well.

Have a safe journey through life! - Buster

omega7 · Apr 16, 2022

Hi,

I'm using the TTM Scalper Alert that comes with TOS. It prints an arrow on the chart when a specific sequence of candles shows up.
How do I set an alert so it can alert when the arrow prints?

Thanks

Trader Joe · Apr 30, 2022

Hi all I am new here. The TTM Scalper Alert in TOS, can we add a bubble so the arrow would change from and Red sell or Green Buy to bubble Reversal. Has anyone used this before or have one already done? Thank you

MerryDay · Apr 30, 2022

omega7 said:
Hi,

I'm using the TTM Scalper Alert that comes with TOS. It prints an arrow on the chart when a specific sequence of candles shows up.
How do I set an alert so it can alert when the arrow prints?

Thanks

Trader Joe said:
Hi all I am new here. The TTM Scalper Alert in TOS, can we add a bubble so the arrow would change from and Red sell or Green Buy to bubble Reversal. Has anyone used this before or have one already done? Thank you

Because it uses future bars to confirm and then goes back in history to give the arrow. There is no alert because the alerts can't alert on re-written history. Also the considerable lag makes alerts not helpful.
https://usethinkscript.com/threads/ttm_scalperalert-source-code-for-thinkorswim.914/#post-48120
https://usethinkscript.com/threads/ttm_scalperalert-source-code-for-thinkorswim.914/#post-26412

SleepyZ · May 1, 2022

omega7 said:
Hi,

I'm using the TTM Scalper Alert that comes with TOS. It prints an arrow on the chart when a specific sequence of candles shows up.
How do I set an alert so it can alert when the arrow prints?

Thanks

Trader Joe said:
Hi all I am new here. The TTM Scalper Alert in TOS, can we add a bubble so the arrow would change from and Red sell or Green Buy to bubble Reversal. Has anyone used this before or have one already done? Thank you

This was done awhile ago, but may help with both your requests. This uses a reference to the indicator as the actual indicator's code is hidden.

The code includes options for arrows, bubbles, alerts, scan, trend counts, and price coloring. Also, remember that this indicator repaints as it uses future bars to determine changes in trend. For example, the price color of the last 2 bars will change to red/green once 2 future bars are determined.

Ruby:

#TTM_ScalperAlert
#BLT

input minSwing = 0.0;
input tickOffset = .5;


def PH = TTM_ScalperAlert(minSwing).PivotHigh;
def PL = TTM_ScalperAlert(minSwing).PivotLow;

#Arrows
input showarrows = yes;
plot ph1 = if showarrows and PH then high else Double.NaN;
plot pl1 = if showarrows and PL then low else Double.NaN;
ph1.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
pl1.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
ph1.SetDefaultColor(Color.RED);
pl1.SetDefaultColor(Color.GREEN);

#Bubbles
input showbubbles = yes;
AddChartBubble(showbubbles and ph1, high, "Sell", Color.RED);
AddChartBubble(showbubbles and pl1, low, "Buy", Color.GREEN, no);

#Trend Count Label
rec phc = if PH == 1 then 1 else if PL == 1 then 0 else phc[1];
rec plc = if PL == 1 then 1 else if PH == 1 then 0 else plc[1];
rec phcount = if phc[1] == 0 and phc == 1
              then 1
              else if phcount[1] >= 1 and phc == 1
              then phcount[1] + 1
              else 0;
rec plcount = if plc[1] == 0 and plc == 1
              then 1
              else if plcount[1] >= 1 and plc == 1
              then plcount[1] + 1
              else 0;
def phh = if phc[2] == 1 then 1 else 0;

input showlabel = yes;
AddLabel(showlabel, if phh == 1 then "DOWN " + (phcount[2] + 2) else "UP " + (plcount[2] + 2), if phh >= 1 then Color.RED else Color.GREEN);

#Scan Code
plot scan = PH[2] == 1 or PL[2] == 1;

#Alerts
input SoundAlerts = Yes;
Alert(SoundAlerts and PH[2] == 1, "Down", Alert.BAR, Sound.Ding);
Alert(SoundAlerts and PL[2] == 1, "Up", Alert.BAR, Sound.Ding);

#Candle Color
input colorPrice = Yes;
AssignPriceColor(if colorPrice then if phc == 1 then Color.RED else Color.GREEN else Color.CURRENT);

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Repaints TTM_ScalperAlert for ThinkorSwim

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