UT Bot For ThinkOrSwim

[esvafromdc]

https://www.tradingview.com/script/whJATyGU-UT-Bot/

 

[ttsdmagic]

I actually paid someone to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. The original Tradingview code spells value that way. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

 

[Santhosh]

@esvafromdc @ttsdmagic Thank you. The input parameter for the first post code is "keyvalue" of 3, and for the second post code, it is "key value" of 1. What is the ideal input configuration (key value and atrperiod) for the 1 or 2 min time frame, based on your experience?. Thank you

 

[ttsdmagic]

@esvafromdc @ttsdmagic Thank you. The input parameter for the first post code is "keyvalue" of 3, and for the second post code, it is "key value" of 1. What is the ideal input configuration (key value and atrperiod) for the 1 or 2 min time frame, based on your experience?. Thank you

I swing trade so I use 4hr D. 3D and W. The value is a parameter in the study so you'll need to experiment with it to find the best value for your time frames. B and. S are pretty accurate on 4:hr and Daily with it set to 1.

 

[esvafromdc]

I actually paid someone on Fiverr to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

Thanks very much. I definitely would have never arrived at that formula conversion, so, I'm learning!

 

[FOTM_8888]

I actually paid someone on Fiverr to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

thank you for share it! really like it, can add the scan and a MTF? that will be great. thanks in advance!!

 

[ttsdmagic]

I use this on UT Bot on the 4 Hour and Daily Time Frames. Seems to work well.

Here is a link to the 4 Hour UT Bot BUY Scan:

http://tos.mx/KpGGEmQ

And here is a link to the 4 Hour UT Bot SELL Scan

http://tos.mx/NcApdXE

NOTE: You will need to remove my INTERSECT With (my symbols) and put YOUR SYMBOLS list in there. Or just remove my Symbols list and search all stocks.

I hope this is helpful.

 

[FOTM_8888]

I actually paid someone on Fiverr to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

to all great coding here! it is possible to create a multi time frame labels for this indicator. i will like to see a label for a time frame : M-W-D_4H, thank you in advance

 

[ttsdmagic]

I have the study on all my timeframes (4 Hr D 3D and W.) That works for me. Your mileage may vary.

link to ubot_buy_sell_scan: http://tos.mx/08GKzEF

I use this scan to reduce my watchlist of over 300 stocks down to about 20 or 30. It scans for EITHER buy or sell signals. It is based on a 4 hour timeframe.

NOTE: You will need to remove my INTERSECT With (my symbols) and put YOUR SYMBOLS list in there.

 

[rip78]

@esvafromdc @ttsdmagic Thank you. The input parameter for the first post code is "keyvalue" of 3, and for the second post code, it is "key value" of 1. What is the ideal input configuration (key value and atrperiod) for the 1 or 2 min time frame, based on your experience?. Thank you

For 5 min charts or less, I find the best setting to be key value of 2.0 and atr period of 4. I suggest trying it on the 5 min SPX and 5 min /ES charts. Then a 5 min SPX daily options chart. Usually the options chart buy signals will follow the signals on the SPX and /ES charts.

I actually paid someone to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

@ttsdmagic Thank you for posting this UT Bot Alerts study. Of the 200+ signal type studies that I posses, this one is by far the best! That was very kind of you to share a study that you paid to have converted.

 

[mailbagman2000]

For 5 min charts or less, I find the best setting to be key value of 2.0 and atr period of 4. I suggest trying it on the 5 min SPX and 5 min /ES charts. Then a 5 min SPX daily options chart. Usually the options chart buy signals will follow the signals on the SPX and /ES charts.

On the 1 minute for /ES, I find that Key Value of 3.0 and ATR period of 2 works good for me.

 

[SilverWolf]

Mobile users: adding this may gain some functionality on mobile app

input mobile_arrows_on = yes;
plot mobile_arrows_buy = if buy and mobile_arrows_on then 1 else 0;
mobile_arrows_buy.SetLineWeight(5);
mobile_arrows_buy.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
mobile_arrows_buy.SetDefaultColor(Color.UPTICK);

plot mobile_arrows_sell = if sell and mobile_arrows_on then 1 else 0;
mobile_arrows_sell.SetLineWeight(5);
mobile_arrows_sell.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
mobile_arrows_sell.SetDefaultColor(Color.DOWNTICK);

 

[ShinJ]

Comparing this UT Bot and one in TradingView I see minor differences. The one in TV is a bit more accurate. So far I can't spot what makes this difference? Can someone compare two codes?

 

[ttsdmagic]

Comparing this UT Bot and one in TradingView I see minor differences. The one in TV is a bit more accurate. So far I can't spot what makes this difference? Can someone compare two codes?

You may want to tweak the parameters for the time frames you use. If anyone can come up with a more accurate conversion, that would be great too.

 

[spoob]

# ATR Trailing Stop
# This script implements an ATR-based trailing stop with some additional features

# Input variables
input Key_Value = 1.0; # This changes the sensitivity of the stop loss
input atr_period = 5; # The period used for the ATR calculation
input Signals_from_Heikin_Ashi_Candles = yes; # Use Heikin-Ashi candles instead of regular candles
input show_labels = yes; # Show labels for buy and sell signals on the chart

# ATR calculation
def xATR = atr(atr_period);

# Loss calculation
# The nLoss variable represents the stop loss value
def nLoss = Key_Value * xATR;

# Heikin-Ashi calculation
def src = if Signals_from_Heikin_Ashi_Candles then (open + high + low + close) / 4 else close;

# nz function
# This function is used to ensure that the xATRTrailingStop variable
# does not contain any NaN values
script nz{
    input x = close;
    input y = 0;
    plot result = if isnan(x) then y else x;
}

# xATRTrailingStop calculation
# This variable represents the current value of the trailing stop
def xATRTrailingStop =compoundValue(1,
    # If the current src is greater than the previous xATRTrailingStop and the previous src is also greater than the previous xATRTrailingStop
    if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0),
        # Set the current xATRTrailingStop to the max of the previous xATRTrailingStop and the current src minus nLoss
        max(nz(xATRTrailingStop[1]), src - nLoss),
    # If the current src is less than the previous xATRTrailingStop and the previous src is also less than the previous xATRTrailingStop
    if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0),
        # Set the current xATRTrailingStop to the min of the previous xATRTrailingStop and the current src plus nLoss
        min(nz(xATRTrailingStop[1]), src + nLoss),
    # If the current src is greater than the previous xATRTrailingStop
    if(src > nz(xATRTrailingStop[1], 0),
        # Set the current xATRTrailingStop to the current src minus nLoss
        src - nLoss,
    # If the current src is less than the previous xATRTrailingStop
    src + nLoss))),0);

# Position calculation
# This variable represents the current position (long = 1, short = -1, flat = 0)
def pos = compoundValue(1,
    # If the previous src is less than the previous xATRTrailingStop and the current src is greater than the current xATRTrailingStop
    if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
    # If the previous src is greater than the previous xATRTrailingStop and the current src is less than the current xATRTrailingStop
    if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1,
    # Otherwise, use the previous position
    nz(pos[1], 0))) , 0);

# EMA calculation
# This variable represents the Exponential Moving Average of the src variable
def ema = expaverage(src,1);

# Buy and sell signals
# These variables represent the buy and sell signals generated by the script
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

# Chart label colors
defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);

# Chart labels for buy and sell signals
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

# Bar coloring
input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

# Alerts
input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

I don't read code very well, so I had some help adding comments as well as fixed the eyesore that was 'Vaule'. Still, many thanks to OP.

 

[Qadeer]

I actually paid someone to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. The original Tradingview code spells value that way. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

It gives me an error of "Exactly one plot expected" when I want to save it as an scanner.

I actually paid someone to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. The original Tradingview code spells value that way. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

It gives me an error "Exactly one plot expected " when I want to use it to scan. Any idea?

 

[Nomak]

is that UT bot a repainting indicator?

 

[mailbagman2000]

I actually paid someone to convert UT Bot To TOS. Here's the code. Maybe you can use some of what he wrote. And yes I know he mis-spelled Value early in the code. Doesn't matter. The conversion seems accurate, and the signals are great. The original Tradingview code spells value that way. I had him shorten Buy and Sell to B and S to conserve screen space. Good luck.

input Key_Vaule = 1.0;
def a = key_vaule;# input(1, title = "Key Vaule. 'This changes the sensitivity'")
input atr_period = 10;
def c = atr_period; # input(10, title = "ATR Period")
input Signals_from_Heikin_Ashi_Candles = no;
def h = signals_from_Heikin_Ashi_Candles; # input(false, title = "Signals from Heikin Ashi Candles")
input show_labels = yes;

def xATR = atr(c);
def nLoss = a * xATR;


def src = if h then (open + high + low + close) / 4 else close;

script nz{
input x = close;
input y = 0;
plot result = if isnan(x) then y else x;
}

#xATRTrailingStop = 0.0
def xATRTrailingStop =compoundValue(1, if(src > nz(xATRTrailingStop[1], 0) and src[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), src - nLoss),
if(src < nz(xATRTrailingStop[1], 0) and src[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), src + nLoss),
if(src > nz(xATRTrailingStop[1], 0), src - nLoss, src + nLoss))),0);

#pos = 0
def pos = compoundValue(1, if(src[1] < nz(xATRTrailingStop[1], 0) and src > nz(xATRTrailingStop[1], 0), 1,
if(src[1] > nz(xATRTrailingStop[1], 0) and src < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) , 0);

def ema = expaverage(src,1);
def above = crosses(ema, xATRTrailingStop, crossingDirection.ABOVE);
def below = crosses(xATRTrailingStop, ema, crossingDirection.ABOVE);

def buy = src > xATRTrailingStop and above ;
def sell = src < xATRTrailingStop and below;

def barbuy = src > xATRTrailingStop ;
def barsell = src < xATRTrailingStop ;

defineglobalColor("Green", color.Green);
defineglobalcolor("Red", color.Red);
addchartbubble(show_labels and buy, low, "B", globalColor("Green"), no);
addchartbubble(show_labels and sell, high, "S", globalColor("Red"), yes);

input price_color_on = yes;
assignPriceColor(if !price_color_on then color.current else if barbuy then globalColor("Green") else color.CURRENT);
assignpriceColor(if !price_color_on then color.current else if barsell then globalColor("Red") else color.currENT);

input alert_sound_on = no;
alert(buy, "UT Long", alert.bar,if alert_sound_on then sound.ring else sound.NoSound);
alert(sell, "UT Short", alert.bar,if alert_sound_on then sound.bell else sound.NoSound);

Does this Repaint?

 

[rip78]

is that UT bot a repainting indicator?

Yes, it does. For my style of trading, the key to using any study that repaints is to also use several other studies that do not repaint. So if I have five non repainting studies on my chart (both of the moving average and histogram type). And all are in a bullish mode denoted by their color. When the UT Bot starts to show green, that is a valid buy signal.

mod note:
The indicator that is the subject of this thread is NOT A REPAINTING INDICATOR. There is no zigzag in this code.
This is an ATR Trailing Stop script written for use with Heiken Ashi candles
read more: https://usethinkscript.com/threads/ut-bot-for-thinkorswim.12640/page-2#post-118044

 

[Tradervic]

Yes, it does. For my style of trading, the key to using any study that repaints is to also use several other studies that do not repaint. So if I have five non repainting studies on my chart (both of the moving average and histogram type). And all are in a bullish mode denoted by their color. When the UT Bot starts to show green, that is a valid buy signal.

I think this comment is incorrect. If this is a true conversion from Tradingview, it is NOT a repainting indicator. It may repaint while the candle is forming but once the candle is formed, it does not repaint.