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ThinkScript help with SchaffTrendCycle


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ThinkScript help with SchaffTrendCycle

  #1 (permalink)
zentrader618
ny, ny/us
 
Posts: 3 since Aug 2019
Thanks Given: 1
Thanks Received: 0

Hello Forum,
I need help in doing the following:
- Plot a buy/sell arrow below/above the candle that triggers the following condition:
#1- cross above/below the oversold/overbought line on the SchaffTrendCycle

-Add a buy/sell alert when #1 is met

Code:
input fastLength = 23;
input slowLength = 50;
input KPeriod = 10;
input DPeriod = 3;
input over_bought = 80;
input over_sold = 20;
input neutral_zone = 50;
input averageType = AverageType.EXPONENTIAL;

def macd = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
def fastK1 = FastKCustom(macd, KPeriod);
def fastD1 = MovingAverage(averageType, fastK1, DPeriod);
def fastK2 = FastKCustom(fastD1, KPeriod);
plot STC = MovingAverage(averageType, fastK2, DPeriod);
plot OverBought = over_bought;
plot OverSold = over_sold;
plot Neutral = neutral_zone;
STC.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(7));
OverSold.SetDefaultColor(GetColor(7));
Neutral.SetDefaultColor(GetColor(7));

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  #2 (permalink)
 
justtrader's Avatar
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym
Posts: 182 since May 2011
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zentrader618 View Post
Hello Forum,
I need help in doing the following:
- Plot a buy/sell arrow below/above the candle that triggers the following condition:
#1- cross above/below the oversold/overbought line on the SchaffTrendCycle

-Add a buy/sell alert when #1 is met



Try this code:
NOTE: you will not be able to see the original "cycle" plot; just the arrows and the alerts.



input fastLength = 23;
input slowLength = 50;
input KPeriod = 10;
input DPeriod = 3;
input over_bought = 80;
input over_sold = 20;
input neutral_zone = 50;
input averageType = AverageType.EXPONENTIAL;

input alerttextOB = "OverBought Exit!";
input alerttextOS = "OverSold Exit!";
input UseAlerts = {false, default true};
input AlertType = {default "BAR", "ONCE", "TICK"};
input AlertSound = {"Bell", "Chimes", default "Ding", "NoSound", "Ring"};


def macd = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength);
def fastK1 = FastKCustom(macd, KPeriod);
def fastD1 = MovingAverage(averageType, fastK1, DPeriod);
def fastK2 = FastKCustom(fastD1, KPeriod);
plot STC = MovingAverage(averageType, fastK2, DPeriod);
plot OverBought = over_bought;
plot OverSold = over_sold;
plot Neutral = neutral_zone;
STC.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(7));
OverSold.SetDefaultColor(GetColor(7));
Neutral.SetDefaultColor(GetColor(7));

plot entryS = if STC crosses below over_bought then High else Double.NaN;
plot entryL = if STC crosses above over_sold then Low else Double.NaN;

entryL.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
entryS.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);


Alert(entryL and UseAlerts, alerttextOS, if AlertType == AlertType.ONCE then Alert.ONCE else if AlertType == AlertType.TICK then Alert.TICK else Alert.BAR, AlertSound);
Alert(entryS and UseAlerts, alerttextOB, if AlertType == AlertType.ONCE then Alert.ONCE else if AlertType == AlertType.TICK then Alert.TICK else Alert.BAR, AlertSound);

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Last Updated on October 19, 2020


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