MTF_RSI for THINKORSWIM

December 21st, 2017, 12:57 PM

@alagrande

Can I share your ToS scripts with people on that platform, or will you consider doing so? @Big Mike have you a position on this? Of course I defer and will not break the confidence of the forum.

Dan

December 21st, 2017, 01:02 PM

wldman

@alagrande

Can I share your ToS scripts with people on that platform, or will you consider doing so? @Big Mike have you a position on this? Of course I defer and will not break the confidence of the forum.

Dan

you can share, it is ok.

January 8th, 2018, 08:00 PM

netarchitech

Hi alagrande,

Thanks for your recent posts and sharing the interesting scripts. I've been trying them out, but can only get them working on a 5 min chart. Any chance of getting them to work on longer timeframes with longer aggregations? I swingtrade more than I daytrade...

Thanks in advance...

Regards,

netarchitech

P.S. - The "FORCE RSI SQUEEZE" indicator in the accompanying image looked very interesting as well. Any chance you might share the script for that?

Hi, you wanna try this indicator? here it is and get me feedback please.'

##################Ehlers_STUDY####################
DECLARE LOWER;

input length = 34;#34
def price = (high + low) / 2;

def coeff = length * price * price - 2 * price * sum(price, length)[1] + sum(price * price, length)[1];

plot Ehlers = sum(coeff * price, length) / sum(coeff, length);
Ehlers.SetDefaultColor(GetColor(2));

###########################################################

input length1 = 14;#34
def price1 = (high + low) / 2;

def coeff1 = length1 * price * price - 2 * price * sum(price, length1)[1] + sum(price * price, length1)[1];

plot Ehlers1 = sum(coeff * price, length1) / sum(coeff, length1);
Ehlers1.SetDefaultColor(GetColor(3));

###########################################################

input length2 = 9;#34
def coeff2 = length2 * price * price -2 * price * sum(PRICE, length2)[1] + sum(price * PRICE, length2)[1];

plot Ehlers2 = sum(coeff * close(period = AggregationPeriod.Twenty_MIN), length2) / sum(coeff, length2);
Ehlers2.SetDefaultColor(GetColor(1));
AddCloud( Ehlers2, Ehlers, Color.UPTICK);

##########################################################

input length3 = 9;#34
def coeff3 = length3 * price * price -2 * price * sum(PRICE, length2)[1] + sum(price * PRICE, length3)[1];

plot Ehlers3 = sum(coeff * close(period = AggregationPeriod.hour), length3) / sum(coeff, length3);
Ehlers3.SetDefaultColor(GetColor(4));
##AddCloud( Ehlers3, Ehlers, Color.UPTICK);
#############################################
############################################################

#plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Ehlers1 crosses ABOVE Ehlers3 then Ehlers3 else Double.NaN;
plot DownSignal2 = if Ehlers1 crosses ABOVE Ehlers2 then Ehlers2 else Double.NaN;

#UpSignal.SetDefaultColor(Color.UPTICK);
#UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
DownSignal.setLineWeight (4);
DownSignal2.SetDefaultColor(Color.PINK);
DownSignal2.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
DownSignal2.setLineWeight (4);

January 9th, 2018, 05:01 PM

alagrande

Hi, you wanna try this indicator? here it is and get me feedback please.'

Hey there alagrande,

Thanks for sharing yet another interesting script. Unfortunately, it appears to suffer from lag, as do many other studies

With that said, I think the Multi-Timeframe concept is a great idea

All the best,

netarchitech

January 9th, 2018, 05:55 PM

netarchitech

Hey there alagrande,

Thanks for sharing yet another interesting script. Unfortunately, it appears to suffer from lag, as do many other studies

With that said, I think the Multi-Timeframe concept is a great idea

All the best,

netarchitech

HI MY FRIEND, I AGREE WITH YOU, am not so happy with multi time frames.
Here is a real time study, as long as the lines are touching the ceiling all is good to go! check it out.

##################EhlersCeiling#########
declare lower;

input price = close;
input cutoffLength = 9;#10.....9

assert(cutoffLength > 0, "cutoffLength must be positive: " + cutoffLength);

def a1 = Exp(-Double.Pi * Sqrt(2) / cutoffLength);
def coeff2 = 2 * a1 * Cos(Sqrt(2) * Double.Pi / cutoffLength);
def coeff3 = - Sqr(a1);
def coeff1 = 1 - coeff2 - coeff3;
def filt = if IsNaN(price + price[1]) then filt[1] else coeff1 * (price + price[1]) / 2 + coeff2 * filt[1] + coeff3 * filt[2];
##plot data = NewStudy55()."SuperSmootherFilter" is true;
plot SuperSmootherFilter = if !IsNaN(price) then filt else Double.NaN;
SuperSmootherFilter.SetDefaultColor(GetColor(5));
supersmootherFilter.setDefaultColor (color.yellow);

#####################

input length = 14;#34....14
def price2 = (high + low) / 2;

def coeff = length * price2 * price2 - 2 * price2 * sum(price2, length)[1] + sum(price2 * price2, length)[1];

plot Ehlers = sum(coeff * price, length) / sum(coeff, length);
Ehlers.SetDefaultColor(GetColor(2));
Ehlers.DefineColor("Up", Color.UPTICK);
Ehlers.DefineColor("Down", Color.DOWNTICK);
Ehlers.AssignValueColor(if Ehlers> Ehlers[1] then Ehlers.color("Up") else if Ehlers < Ehlers[1] then Ehlers.color("Down") else GetColor(1));
AddCloud(supersmootherFilter, Ehlers, Color.UPTICK);
##############################

January 10th, 2018, 02:33 PM

alagrande

HI MY FRIEND, I AGREE WITH YOU, am not so happy with multi time frames.
Here is a real time study, as long as the lines are touching the ceiling all is good to go! check it out.

Code

##################EhlersCeiling#########
declare lower;

input price = close;
input cutoffLength = 9;#10.....9

assert(cutoffLength > 0, "cutoffLength must be positive: " + cutoffLength);

def a1 = Exp(-Double.Pi * Sqrt(2) / cutoffLength);
def coeff2 = 2 * a1 * Cos(Sqrt(2) * Double.Pi / cutoffLength);
def coeff3 = - Sqr(a1);
def coeff1 = 1 - coeff2 - coeff3;
def filt = if IsNaN(price + price[1]) then filt[1] else coeff1 * (price + price[1]) / 2 + coeff2 * filt[1] + coeff3 * filt[2];
##plot data = NewStudy55()."SuperSmootherFilter" is true;
plot SuperSmootherFilter = if !IsNaN(price) then filt else Double.NaN;
SuperSmootherFilter.SetDefaultColor(GetColor(5));
supersmootherFilter.setDefaultColor (color.yellow);

#####################

input length = 14;#34....14
def price2 = (high + low) / 2;

 def coeff = length * price2 * price2 - 2 * price2 * sum(price2, length)[1] + sum(price2 * price2, length)[1];

plot Ehlers = sum(coeff * price, length) / sum(coeff, length);
Ehlers.SetDefaultColor(GetColor(2));
Ehlers.DefineColor("Up", Color.UPTICK);
Ehlers.DefineColor("Down", Color.DOWNTICK);
Ehlers.AssignValueColor(if Ehlers> Ehlers[1] then Ehlers.color("Up") else if Ehlers < Ehlers[1] then Ehlers.color("Down") else GetColor(1));
AddCloud(supersmootherFilter, Ehlers,  Color.UPTICK);
##############################

Hey there alagrande,

Thanks for the Ehlers script...while it looks interesting, I can't quite seem to pinpoint actionable trades from it. I'll have to spend a little more time and report back...

netarchitech

January 10th, 2018, 02:59 PM

netarchitech

Hey there alagrande,

Thanks for the Ehlers script...while it looks interesting, I can't quite seem to pinpoint actionable trades from it. I'll have to spend a little more time and report back...

netarchitech

Hi, yes i understand, you have to wait so it touches the top area of the study (ceiling) for an entry.

January 11th, 2018, 06:45 PM

netarchitech

Hey there alagrande,

Thanks for the Ehlers script...while it looks interesting, I can't quite seem to pinpoint actionable trades from it. I'll have to spend a little more time and report back...

netarchitech

HI, HERE IS A NEW STUDY.... FOR YOU TO TRY

###DMI_COLORED####
declare lower;

input length = 9;##14
input averageType = AverageType.WILDERS;

input line_40 = 40;
input line_20 = 20;
input line_10 = 10;

plot Line40 = line_40;
Line40.SetDefaultColor(Color.YELLOW);
plot Line20 = line_20;
Line20.SetDefaultColor(Color.WHITE);
Line20.SetLineWeight (2);
plot Line10 = line_10;
Line10.SetDefaultColor(Color.RED);
Line10.SetLineWeight (2);

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
plot ADX = MovingAverage(averageType, DX, length);

ADX.SetDefaultColor(GetColor(2));
ADX.DefineColor("Up", Color.CYAN);
ADX.DefineColor("Down", Color.YELLOW);
ADX.AssignValueColor(if ADX > ADX[1] then ADX.Color("Up") else if ADX < ADX[1] then ADX.Color("Down") else GetColor(1));
###AddCloud(supersmootherFilter, Ehlers, Color.UPTICK);

"DI+".SetDefaultColor (Color.GREEN);
"DI-".SetDefaultColor (Color.RED);
###ADX.SetDefaultColor(GetColor(5));
AddCloud("DI+", "DI-", Color.UPTICK);
###########################################################

###########################################
input fastLength60R = 3;#9
#input price = close;
#input price60 = close;
input slowLength60R = 5;#18
input averageType60R = AverageType.SIMPLE;
#input line = 1;

##plot Line = (.99);
###Line.SetDefaultColor(Color.YELLOW);
##plot Line2 = (.1);
###Line2.SetDefaultColor(Color.YELLOW);

plot arriba2R = MovingAverage(averageType60R, close[-1], fastLength60R) - MovingAverage(averageType60R, close[-1], slowLength60R) is greater than MovingAverage(averageType60R, close[-1], fastLength60R) - MovingAverage(averageType60R, close[-1], slowLength60R) from 1 bars ago ;

arriba2R.SetLineWeight (3);
##

arriba2R.DefineColor("Up", Color.GREEN);
arriba2R.DefineColor("Down", Color.RED);
arriba2R.AssignValueColor(if arriba2R < arriba2R[1] then arriba2R.Color("Up") else if arriba2R > arriba2R[1] then arriba2R.Color("Down") else GetColor(9));

#plot DATA = (ADX is greater than "Line20" and "DI+" crosses above "DI-");
########################################################

##AddCloud(LINE, arriba2R, Color.UPTICK, COLOR.DOWNTICK);
##AddCloud( arriba2R, LINE2, Color.DOWNTICK, COLOR.UPTICK);
##########################################################

January 11th, 2018, 07:00 PM

alagrande

HI, HERE IS A NEW STUDY.... FOR YOU TO TRY

Code

###DMI_COLORED####
declare lower;

input length = 9;##14
input averageType = AverageType.WILDERS;

input line_40 = 40;
input line_20 = 20;
input line_10 = 10;

plot Line40 = line_40;
Line40.SetDefaultColor(Color.YELLOW);
plot Line20 = line_20;
Line20.SetDefaultColor(Color.WHITE);
Line20.SetLineWeight (2);
plot Line10 = line_10;
Line10.SetDefaultColor(Color.RED);
Line10.SetLineWeight (2);

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM =  if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
plot ADX = MovingAverage(averageType, DX, length);

ADX.SetDefaultColor(GetColor(2));
ADX.DefineColor("Up", Color.CYAN);
ADX.DefineColor("Down", Color.YELLOW);
ADX.AssignValueColor(if ADX > ADX[1] then ADX.Color("Up") else if ADX < ADX[1] then ADX.Color("Down") else GetColor(1));
###AddCloud(supersmootherFilter, Ehlers,  Color.UPTICK);

"DI+".SetDefaultColor (Color.GREEN);
"DI-".SetDefaultColor (Color.RED);
###ADX.SetDefaultColor(GetColor(5));
AddCloud("DI+", "DI-",  Color.UPTICK);
###########################################################

###########################################
input fastLength60R = 3;#9
#input price = close;
#input price60 = close;
input slowLength60R = 5;#18
input averageType60R = AverageType.SIMPLE;
#input line = 1;

##plot Line = (.99);
###Line.SetDefaultColor(Color.YELLOW);
##plot Line2 = (.1);
###Line2.SetDefaultColor(Color.YELLOW);

plot arriba2R = MovingAverage(averageType60R, close[-1], fastLength60R) - MovingAverage(averageType60R,  close[-1], slowLength60R) is greater than MovingAverage(averageType60R, close[-1], fastLength60R) - MovingAverage(averageType60R,  close[-1], slowLength60R) from 1 bars ago ;

arriba2R.SetLineWeight (3);
##

arriba2R.DefineColor("Up", Color.GREEN);
arriba2R.DefineColor("Down", Color.RED);
arriba2R.AssignValueColor(if arriba2R < arriba2R[1] then arriba2R.Color("Up") else if arriba2R > arriba2R[1] then arriba2R.Color("Down") else GetColor(9));

#plot DATA = (ADX is greater than "Line20" and "DI+" crosses above "DI-");
########################################################

##AddCloud(LINE, arriba2R,  Color.UPTICK, COLOR.DOWNTICK);
##AddCloud( arriba2R, LINE2, Color.DOWNTICK, COLOR.UPTICK);
##########################################################

Hey there alagrande,

Thanks for sharing another script. I played around with the ADX in the past. Can't say I was ever able to really get the hang of it, but I appreciate you forwarding it nonetheless

netarchitech

May 6th, 2018, 08:58 AM

been looking for a TOS MTF-RSI. Thanks. Anyway it can be converted to a tick periord instead?

MTF_RSI for THINKORSWIM

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MTF_RSI for THINKORSWIM