Repaints Two-Pole Oscillator [BigBeluga] For ThinkOrSwim

Repaints
L

Lukhy11

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mod note:
This study uses future bars. It waits until the future and then goes back in time to repaint the chart.
Because this study does not happen in real time. It can not be used in scans or watchlists
Click to expand...

Author states: The Two-Pole Oscillator is an advanced smoothing oscillator designed to provide traders with precise market signals by leveraging deviation-based calculations combined with a unique two-pole filtering technique. It offers clear visual representation and actionable signals for smart trading decisions.

🔵How It Works:
  • The oscillator calculates price deviation from a mean value and applies two-pole filtering to smooth the resulting signal.
  • Gradient-colored signals reflect their strength, with transparency indicating proximity to the 0 level on the oscillator scale.
  • Buy and sell signals are generated based on crossovers and crossunders of the oscillator line with a signal line.
  • If a level is crossed, the corresponding signal is marked with a "X" plotted on the chart at the crossover point.

🔵Use Cases:
  • Detecting overbought or oversold market conditions with a smoother, noise-free oscillator.
  • Using invalidation levels to set clear stop-loss or trade exit points.
  • Identifying strong momentum signals and filtering out weaker, less reliable ones.
  • Combining oscillator signals with price action for more precise trade entries and exits.
9fv8Yw6.png


Here is the original Tradingview code:
https://www.tradingview.com/script/2Ssn4yDZ-Two-Pole-Oscillator-BigBeluga/


For the new ThinkOrSwim code, you must scroll down to the next post
 
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Lukhy11 said:
Hi, All just wondering if anybody can convert this tradingview script by Big Beluga called Two Pole Oscillator?

https://www.tradingview.com/script/2Ssn4yDZ-Two-Pole-Oscillator-BigBeluga/


// This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International
// https://creativecommons.org/licenses/by-nc-sa/4.0/
// © BigBeluga
//@version=6
indicator("Two-Pole Oscillator [BigBeluga]", max_labels_count = 500, max_lines_count = 500)
// ＩＮＰＵＴＳ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
int length = input.int(20, minval=1, title="Filter Length")
bool disp_lvl = input.bool(true, "Levels")
color up_color = input.color(#55ffda, "", inline = "color")
color dn_color = input.color(#8c5bff, "", inline = "color")
var buy_line = line(na)
var sell_line = line(na)
// }

// ＣＡＬＣＵＬＡＴＩＯＮＳ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
float sma1 = ta.sma(close, 25)
float sma_n1 = ((close - sma1) - ta.sma(close - sma1, 25)) / ta.stdev(close - sma1, 25)
float area = ta.sma(high-low, 100)
// Two-pole smooth filter function
f_two_pole_filter(source, length) =>
var float smooth1 = na
var float smooth2 = na
alpha = 2.0 / (length + 1)
if na(smooth1)
smooth1 := source
else
smooth1 := (1 - alpha) * smooth1 + alpha * source
if na(smooth2)
smooth2 := smooth1
else
smooth2 := (1 - alpha) * smooth2 + alpha * smooth1
// Oscillator
two_p = f_two_pole_filter(sma_n1, length)
two_pp = two_p[4]
// Colors
color buy_col1 = color.from_gradient(two_p, -1, 0.5, up_color, na)
color buy_col2 = color.from_gradient(two_p, -1, 0.5, color.new(up_color, 50), na)
color sell_col1 = color.from_gradient(two_p, -0.5, 1, na, dn_color)
color sell_col2 = color.from_gradient(two_p, -0.5, 1, na, color.new(dn_color, 50))
color color = two_p > two_pp
? color.from_gradient(two_p, -1,1, up_color, color.new(up_color, 0))
: color.from_gradient(two_p, -1,1,color.new(dn_color, 0), dn_color)

// Signals
bool buy = ta.crossover(two_p, two_pp) and two_p < 0 and barstate.isconfirmed
bool sell = ta.crossunder(two_p, two_pp) and two_p > 0 and barstate.isconfirmed
// }

// ＰＬＯＴ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{
if buy //and two_p < -0.5
sell_line := line(na)
if disp_lvl
buy_line := line.new(
bar_index-1
, low[1] - area
, bar_index
, low[1] - area
, force_overlay = true
, color = buy_col1
, style = line.style_dashed
)
label.new(bar_index-1, low[1] - area
, color = buy_col1, style = label.style_label_up, force_overlay = true, size = size.tiny)
if ta.crossunder(low, buy_line.get_y1()) and barstate.isconfirmed
label.new(
bar_index-1
, buy_line.get_y1()
, color = color.new(up_color, 100)
, style = label.style_label_center
, force_overlay = true
, size = size.large
, text = "✖"
, textcolor = up_color
)
buy_line := line(na)
if sell //and two_p > 0.5
buy_line := line(na)
if disp_lvl
sell_line := line.new(
bar_index-1
, high[1] + area
, bar_index
, high[1] + area
, force_overlay = true
, color = sell_col1
, style = line.style_dashed
)
label.new(bar_index-1, high[1] + area
, color = sell_col1, style = label.style_label_down, force_overlay = true, size = size.tiny)
if ta.crossover(high, sell_line.get_y1()) and barstate.isconfirmed
label.new(
bar_index-1
, sell_line.get_y1()
, color = color.new(dn_color, 100)
, style = label.style_label_center
, force_overlay = true
, size = size.large
, text = "✖"
, textcolor = dn_color
)
sell_line := line(na)
switch
not na(buy_line) => buy_line. set_x2(bar_index)
not na(sell_line) => sell_line.set_x2(bar_index)
plotshape(buy ? two_p[1] : na, "Buy", shape.circle, location.absolute, buy_col2, -1, size = size.small)
plotshape(buy ? two_p[1] : na, "Buy", shape.circle, location.absolute, buy_col1, -1, size = size.tiny)
plotshape(sell ? two_p[1] : na, "Sell", shape.circle, location.absolute, sell_col2, -1, size = size.small)
plotshape(sell ? two_p[1] : na, "Sell", shape.circle, location.absolute, sell_col1, -1, size = size.tiny)
p11 = plot(1, color = color.new(chart.fg_color, 80))
plot(0.5, color = color.new(chart.fg_color, 50))
p00 = plot(0, color = color.new(bar_index % 2 == 0 ? chart.fg_color : na, 0))
plot(-0.5, color = color.new(chart.fg_color, 50))
p_1 = plot(-1, color = color.new(chart.fg_color, 80))
fill(p11, p00, 2, -1, color.new(chart.fg_color, 80), na)
fill(p_1, p00, 1, -2, na, color.new(chart.fg_color, 80))

p1 = plot(two_p, color = color, linewidth = 1)
p2 = plot(two_pp, display = display.none)
fill(p1, p2, two_p, two_pp, color, na)
// }
Click to expand...
check below Upper & lower Study:

Upper Study:

CSS: 
#// Indicator for TOS
#// © BigBeluga
#indicator("Two-Pole Oscillator [BigBeluga]"
# Converted by Sam4Cok@Samer800    - 02/2025

input source = close;
input FilterLength = 20;


def na = Double.NaN;
def last = IsNaN(close);

#/ ＣＡＬＣＵＬＡＴＩＯＮＳ
def hl = High - Low;
def sma  = Average(source, 25);
def sma1 = Average(source - sma, 25);
def stdv = StDev(source - sma, 25);
def sma_n1 = (source - sma - sma1) / stdv;
def area   = Average(hl, 100);

#// Two-pole smooth filter function
Script f_two_pole_filter {
input source = close;
input length = 20;
    def bar = CompoundValue(1, BarNumber(), 1);
    def alpha = 2.0 / (length + 1);
    def smooth1 = if isNaN(smooth1[1]) then source else if !smooth1[1] then source else
                  (1 - alpha) * smooth1[1] + alpha * source;
    def smooth2 = if isNaN(smooth2[1]) then smooth1 else if !smooth2[1] then smooth1 else
                  (1 - alpha) * smooth2[1] + alpha * smooth1;
    plot out = if bar > 0 then smooth2 else Double.NaN;
}
#// Oscillator
def two_p = f_two_pole_filter(sma_n1, FilterLength);
def two_pp = two_p[4];
def twp_ppp = (two_pp + two_p)/2;

#// Signals
def buy  = (two_p > two_pp) and (two_p[1] <= two_pp[1]) and two_p < 0 and !last;
def sell = (two_p < two_pp) and (two_p[1] >= two_pp[1]) and two_p > 0 and !last;

#-- Lines
def buy_line = if buy then low[1] - area else if sell then na else
               if low < buy_line[1] then na else buy_line[1];
def sell_line = if sell then high[1] + area else if buy then na else
                if high > sell_line[1] then na else sell_line[1];

#-- plots
plot crosUp = if low[-1] < buy_line then buy_line else na;
plot crosDn = if high[-1] > sell_line then sell_line else na;
plot sigUp1 = if buy [-1] then buy_line [-1] else na;
plot sigDn1 = if sell[-1] then sell_line[-1] else na;
plot sigUp  = if buy [-1] then buy_line [-1] else na;
plot sigDn  = if sell[-1] then sell_line[-1] else na;
plot buyLine = if buy_line[-1] then buy_line[-1] else na;
plot sellLine = if sell_line[-1] then sell_line[-1] else na;

crosUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
crosDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
crosUp.SetDefaultColor(Color.CYAN);
crosDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetLineWeight(3);
sigDn.SetLineWeight(3);
sigUp1.SetDefaultColor(Color.DARK_GRAY);
sigDn1.SetDefaultColor(Color.DARK_GRAY);
sigUp.SetDefaultColor(Color.CYAN);
sigDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
sigDn1.SetPaintingStrategy(PaintingStrategy.POINTS);

buyLine.SetPaintingStrategy(PaintingStrategy.DASHES);
sellLine.SetPaintingStrategy(PaintingStrategy.DASHES);
buyLine.SetDefaultColor(Color.CYAN);
sellLine.SetDefaultColor(Color.MAGENTA);

#-- END of CODE

Lower Study:

CSS: 
#// Indicator for TOS
#// © BigBeluga
#indicator("Two-Pole Oscillator [BigBeluga]"
# Converted by Sam4Cok@Samer800    - 02/2025
Declare lower;

input source = close;
input FilterLength = 20;


def na = Double.NaN;
def last = IsNaN(close);

#/ ＣＡＬＣＵＬＡＴＩＯＮＳ
def sma  = Average(source, 25);
def sma1 = Average(source - sma, 25);
def stdv = StDev(source - sma, 25);
def sma_n1 = (source - sma - sma1) / stdv;

#// Two-pole smooth filter function
Script f_two_pole_filter {
input source = close;
input length = 20;
    def bar = CompoundValue(1, BarNumber(), 1);
    def alpha = 2.0 / (length + 1);
    def smooth1 = if isNaN(smooth1[1]) then source else if !smooth1[1] then source else
                  (1 - alpha) * smooth1[1] + alpha * source;
    def smooth2 = if isNaN(smooth2[1]) then smooth1 else if !smooth2[1] then smooth1 else
                  (1 - alpha) * smooth2[1] + alpha * smooth1;
    plot out = if bar > 0 then smooth2 else Double.NaN;
}
#// Oscillator
def two_p = f_two_pole_filter(sma_n1, FilterLength);
def two_pp = two_p[4];
def twp_ppp = (two_pp + two_p)/2;

#// Signals
def buy  = (two_p > two_pp) and (two_p[1] <= two_pp[1]) and two_p < 0 and !last;
def sell = (two_p < two_pp) and (two_p[1] >= two_pp[1]) and two_p > 0 and !last;

plot sigUp1 = if buy[-1] then two_p[1] else na;
plot sigDn1 = if sell[-1] then two_p[1] else na;
plot sigUp = if buy[-1] then two_p[1] else na;
plot sigDn = if sell[-1] then two_p[1] else na;
sigUp.SetLineWeight(3);
sigDn.SetLineWeight(3);
sigUp1.SetDefaultColor(Color.DARK_GRAY);
sigDn1.SetDefaultColor(Color.DARK_GRAY);
sigUp.SetDefaultColor(Color.CYAN);
sigDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
sigDn1.SetPaintingStrategy(PaintingStrategy.POINTS);

#-- plots
plot tpl = if !last then two_p else na;
plot p11 = if !last then 1 else na;
plot p1  = if !last then 0.5 else na;
plot p00 = if !last then 0 else na;
plot p_1 = if !last then -0.5 else na;
plot p_11 = if !last then -1 else na;

tpl.SetLineWeight(2);
tpl.AssignValueColor(if two_p > two_pp then Color.CYAN else Color.MAGENTA);
p1.SetPaintingStrategy(PaintingStrategy.DASHES);
p_1.SetPaintingStrategy(PaintingStrategy.DASHES);
p00.SetStyle(Curve.SHORT_DASH);
p11.SetDefaultColor(Color.DARK_GRAY);
p1.SetDefaultColor(Color.GRAY);
p00.SetDefaultColor(Color.LIGHT_GRAY);
p_1.SetDefaultColor(Color.GRAY);
p_11.SetDefaultColor(Color.DARK_GRAY);

AddCloud(tpl, two_pp, CreateColor(0, 128, 128), Color.PLUM);
AddCloud(tpl, twp_ppp, Color.CYAN, Color.MAGENTA);
AddCloud(p11, p1, Color.DARK_GRAY);
AddCloud(p_1, p_11, Color.DARK_GRAY);

#-- END of CODE
 
samer800 said:
check below Upper & lower Study:

Upper Study:

CSS: 
#// Indicator for TOS
#// © BigBeluga
#indicator("Two-Pole Oscillator [BigBeluga]"
# Converted by Sam4Cok@Samer800    - 02/2025

input source = close;
input FilterLength = 20;


def na = Double.NaN;
def last = IsNaN(close);

#/ ＣＡＬＣＵＬＡＴＩＯＮＳ
def hl = High - Low;
def sma  = Average(source, 25);
def sma1 = Average(source - sma, 25);
def stdv = StDev(source - sma, 25);
def sma_n1 = (source - sma - sma1) / stdv;
def area   = Average(hl, 100);

#// Two-pole smooth filter function
Script f_two_pole_filter {
input source = close;
input length = 20;
    def bar = CompoundValue(1, BarNumber(), 1);
    def alpha = 2.0 / (length + 1);
    def smooth1 = if isNaN(smooth1[1]) then source else if !smooth1[1] then source else
                  (1 - alpha) * smooth1[1] + alpha * source;
    def smooth2 = if isNaN(smooth2[1]) then smooth1 else if !smooth2[1] then smooth1 else
                  (1 - alpha) * smooth2[1] + alpha * smooth1;
    plot out = if bar > 0 then smooth2 else Double.NaN;
}
#// Oscillator
def two_p = f_two_pole_filter(sma_n1, FilterLength);
def two_pp = two_p[4];
def twp_ppp = (two_pp + two_p)/2;

#// Signals
def buy  = (two_p > two_pp) and (two_p[1] <= two_pp[1]) and two_p < 0 and !last;
def sell = (two_p < two_pp) and (two_p[1] >= two_pp[1]) and two_p > 0 and !last;

#-- Lines
def buy_line = if buy then low[1] - area else if sell then na else
               if low < buy_line[1] then na else buy_line[1];
def sell_line = if sell then high[1] + area else if buy then na else
                if high > sell_line[1] then na else sell_line[1];

#-- plots
plot crosUp = if low[-1] < buy_line then buy_line else na;
plot crosDn = if high[-1] > sell_line then sell_line else na;
plot sigUp1 = if buy [-1] then buy_line [-1] else na;
plot sigDn1 = if sell[-1] then sell_line[-1] else na;
plot sigUp  = if buy [-1] then buy_line [-1] else na;
plot sigDn  = if sell[-1] then sell_line[-1] else na;
plot buyLine = if buy_line[-1] then buy_line[-1] else na;
plot sellLine = if sell_line[-1] then sell_line[-1] else na;

crosUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
crosDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_SQUARES);
crosUp.SetDefaultColor(Color.CYAN);
crosDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetLineWeight(3);
sigDn.SetLineWeight(3);
sigUp1.SetDefaultColor(Color.DARK_GRAY);
sigDn1.SetDefaultColor(Color.DARK_GRAY);
sigUp.SetDefaultColor(Color.CYAN);
sigDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
sigDn1.SetPaintingStrategy(PaintingStrategy.POINTS);

buyLine.SetPaintingStrategy(PaintingStrategy.DASHES);
sellLine.SetPaintingStrategy(PaintingStrategy.DASHES);
buyLine.SetDefaultColor(Color.CYAN);
sellLine.SetDefaultColor(Color.MAGENTA);

#-- END of CODE

Lower Study:

CSS: 
#// Indicator for TOS
#// © BigBeluga
#indicator("Two-Pole Oscillator [BigBeluga]"
# Converted by Sam4Cok@Samer800    - 02/2025
Declare lower;

input source = close;
input FilterLength = 20;


def na = Double.NaN;
def last = IsNaN(close);

#/ ＣＡＬＣＵＬＡＴＩＯＮＳ
def sma  = Average(source, 25);
def sma1 = Average(source - sma, 25);
def stdv = StDev(source - sma, 25);
def sma_n1 = (source - sma - sma1) / stdv;

#// Two-pole smooth filter function
Script f_two_pole_filter {
input source = close;
input length = 20;
    def bar = CompoundValue(1, BarNumber(), 1);
    def alpha = 2.0 / (length + 1);
    def smooth1 = if isNaN(smooth1[1]) then source else if !smooth1[1] then source else
                  (1 - alpha) * smooth1[1] + alpha * source;
    def smooth2 = if isNaN(smooth2[1]) then smooth1 else if !smooth2[1] then smooth1 else
                  (1 - alpha) * smooth2[1] + alpha * smooth1;
    plot out = if bar > 0 then smooth2 else Double.NaN;
}
#// Oscillator
def two_p = f_two_pole_filter(sma_n1, FilterLength);
def two_pp = two_p[4];
def twp_ppp = (two_pp + two_p)/2;

#// Signals
def buy  = (two_p > two_pp) and (two_p[1] <= two_pp[1]) and two_p < 0 and !last;
def sell = (two_p < two_pp) and (two_p[1] >= two_pp[1]) and two_p > 0 and !last;

plot sigUp1 = if buy[-1] then two_p[1] else na;
plot sigDn1 = if sell[-1] then two_p[1] else na;
plot sigUp = if buy[-1] then two_p[1] else na;
plot sigDn = if sell[-1] then two_p[1] else na;
sigUp.SetLineWeight(3);
sigDn.SetLineWeight(3);
sigUp1.SetDefaultColor(Color.DARK_GRAY);
sigDn1.SetDefaultColor(Color.DARK_GRAY);
sigUp.SetDefaultColor(Color.CYAN);
sigDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
sigDn1.SetPaintingStrategy(PaintingStrategy.POINTS);

#-- plots
plot tpl = if !last then two_p else na;
plot p11 = if !last then 1 else na;
plot p1  = if !last then 0.5 else na;
plot p00 = if !last then 0 else na;
plot p_1 = if !last then -0.5 else na;
plot p_11 = if !last then -1 else na;

tpl.SetLineWeight(2);
tpl.AssignValueColor(if two_p > two_pp then Color.CYAN else Color.MAGENTA);
p1.SetPaintingStrategy(PaintingStrategy.DASHES);
p_1.SetPaintingStrategy(PaintingStrategy.DASHES);
p00.SetStyle(Curve.SHORT_DASH);
p11.SetDefaultColor(Color.DARK_GRAY);
p1.SetDefaultColor(Color.GRAY);
p00.SetDefaultColor(Color.LIGHT_GRAY);
p_1.SetDefaultColor(Color.GRAY);
p_11.SetDefaultColor(Color.DARK_GRAY);

AddCloud(tpl, two_pp, CreateColor(0, 128, 128), Color.PLUM);
AddCloud(tpl, twp_ppp, Color.CYAN, Color.MAGENTA);
AddCloud(p11, p1, Color.DARK_GRAY);
AddCloud(p_1, p_11, Color.DARK_GRAY);

#-- END of CODE
Click to expand...
Thanks Samer800
 
I could use some help. I tried to make a Watchlist for this indicator. Below is the code. I'm not getting any results though. Any suggestions on how to revise this to get some results?
Code: 
#// Indicator for TOS
#// © BigBeluga
#indicator("Two-Pole Oscillator [BigBeluga]"
# Converted by Sam4Cok@Samer800    - 02/2025

input source = close;
input FilterLength = 20;


def na = Double.NaN;
def last = IsNaN(close);

#/ ＣＡＬＣＵＬＡＴＩＯＮＳ
def sma  = Average(source, 25);
def sma1 = Average(source - sma, 25);
def stdv = StDev(source - sma, 25);
def sma_n1 = (source - sma - sma1) / stdv;

#// Two-pole smooth filter function
script f_two_pole_filter {
    input source = close;
    input length = 20;
    def bar = CompoundValue(1, BarNumber(), 1);
    def alpha = 2.0 / (length + 1);
    def smooth1 = if IsNaN(smooth1[1]) then source else if !smooth1[1] then source else
                  (1 - alpha) * smooth1[1] + alpha * source;
    def smooth2 = if IsNaN(smooth2[1]) then smooth1 else if !smooth2[1] then smooth1 else
                  (1 - alpha) * smooth2[1] + alpha * smooth1;
    plot out = if bar > 0 then smooth2 else Double.NaN;
}
#// Oscillator
def two_p = f_two_pole_filter(sma_n1, FilterLength);
def two_pp = two_p[4];
def twp_ppp = (two_pp + two_p) / 2;

#// Signals
def buy  = (two_p > two_pp) and (two_p[1] <= two_pp[1]) and two_p < 0 and !last;
def sell = (two_p < two_pp) and (two_p[1] >= two_pp[1]) and two_p > 0 and !last;

plot sigUp1 = if buy[-1] then two_p[1] else na;
plot sigDn1 = if sell[-1] then two_p[1] else na;
plot sigUp = if buy[-1] then two_p[1] else na;
plot sigDn = if sell[-1] then two_p[1] else na;
sigUp.SetLineWeight(3);
sigDn.SetLineWeight(3);
sigUp1.SetDefaultColor(Color.DARK_GRAY);
sigDn1.SetDefaultColor(Color.DARK_GRAY);
sigUp.SetDefaultColor(Color.CYAN);
sigDn.SetDefaultColor(Color.MAGENTA);
sigUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigDn.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
sigUp1.SetPaintingStrategy(PaintingStrategy.POINTS);
sigDn1.SetPaintingStrategy(PaintingStrategy.POINTS);

#-- plots
plot Xtop = if !last then 2 else na;
plot tpl = if !last then two_p else na;
plot p11 = if !last then 1 else na;
#plot p1  = if !last then 0.5 else na;
plot p00 = if !last then 0 else na;
#plot p_1 = if !last then -0.5 else na;
plot p_11 = if !last then -1 else na;
plot Xbtm = if !last then -2 else na;

tpl.SetLineWeight(2);
tpl.AssignValueColor(if two_p > two_pp then Color.CYAN else Color.MAGENTA);
p11.SetDefaultColor(Color.RED);
#p1.SetDefaultColor(Color.DARK_RED);
p00.SetDefaultColor(Color.YELLOW);
#p_1.SetDefaultColor(Color.DARK_GREEN);
p_11.SetDefaultColor(Color.GREEN);
Xtop.SetDefaultColor(Color.MAGENTA);
Xbtm.setdefaultColor(color.cyan);


#-- END of CODE


Def BUY1 = if SIGUP within 3 bars then 1 else 0;

Def SELL1 =  if SIGdn within 3 bars then 1 else 0;


AddLabel(yes, if BUY1 then "BUY" else if SELL1 then "SELL" else " ",if BUY1 then color.BLue else if SELL1 THEN COLOR.WHITE else Color.BLACK);

AssignBACKGROUNDColor(if sell1 then color.magenta else if buy1 then color.cyan  else color.black);
 
chewie76 said:
I could use some help. I tried to make a Watchlist for this indicator. Below is the code. I'm not getting any results though. Any suggestions on how to revise this to get some results?
Click to expand...

Sadly no.
This study uses future bars. It waits until the future and then goes back in time to repaint the chart.
Because this study does not happen in real time. It can not be used in scans or watchlists

You can attempt to modify your watchlists (and scans) by adding:
within 4 bars
Click to expand...
This will look at the past bars to find the repainted signals.
It is not recommended.
Finding long-past signals is not a profitable strategy for day traders.
 
Last edited:
useThinkScript said:
Sadly no.
This study uses future bars. It waits until the future and then goes back in time to repaint the chart.
Because this study does not happen in real time. It can not be used in scans or watchlists
Click to expand...
I was able to get results in a scan when I used upsig or dnsig is true within 2 bars.
 
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