Comments on: Cumulative Tick Indicator with Paintbars for Think or Swim

By: Cumulative Tick Study (v2) for Think or Swim « Read the Prospectus

Cumulative Tick Study (v2) for Think or Swim « Read the Prospectus — Mon, 25 Oct 2010 05:33:28 +0000

[...] the v2 for my cumulative tick study. See the prior post for the full explanation of what it is doing and [...]

By: Cumulative Tick Chart for 5-17-2010 « Read the Prospectus

Cumulative Tick Chart for 5-17-2010 « Read the Prospectus — Tue, 18 May 2010 02:05:18 +0000

[...] for 5-17-2010 By Prospectus Look at this 5-min chart for the last two days in ES. It has my cumulative tick indicator on it, which is continuing to impress me in how it picks the right direction in the markets. [...]

By: Cumulative Tick Indicator with Paintbars for Think or Swim » ThinkOrSwim | marketHEIST.com

Sat, 08 May 2010 03:37:47 +0000

[...] Continue to Cumulative Tick Indicator with Paintbars for Think or Swim [...]

By: KumoBob

KumoBob — Fri, 07 May 2010 05:58:08 +0000

Sorry I thought you were talking about the time lines. The yellow and green lines are Andrews Pitchforks. They are in your drawing tools. near the bottom.

By: KumoBob

KumoBob — Thu, 06 May 2010 21:35:23 +0000

There is a way to make those lines automatically with AddVerticalLine() but I did those manually. Those were actually left over from a test I did in a different time frame. I did not notice that I had left them on the chart.

You just gave me an idea!
-Bob

By: Prospectus

Prospectus — Thu, 06 May 2010 20:25:11 +0000

Sure, looks good! Are those yellow and green trend channels drawn automatically?

By: KumoBob

KumoBob — Thu, 06 May 2010 16:45:29 +0000

I like your Cumulative Tick study, and hope you don’t mind but I’ve changed the way it presents.

http://screencast.com/t/MWIwYmQxYzM

# Cumulative_Tick_Indicator_R2V2
# R1V1 May 1 2010 written by Read the Prospectus
# http://readtheprospectus.wordpress.com/2010/05/05/cumulative-tick-indicator-with-paintbars-for-think-or-swim/
# R2V1 May 5 2010 – Embellished by KumoBob
# Added control over the CumTick and NetTick plots
# Added Arrows
# Added Option to turn AssignPriceColor On and Off.
# R2V2 May 6 2010 – KumoBob
# Reversered all changes and made two line plot
# with above zero color and crossover color and Arrows.
# Kept the Arrrows

declare lower;
input ColorPrice = Yes;
input period = 20;
input ema = 20;
input lookback = 4;

def p = period;
def i = barNumber();
def na = double.nan;
input usetrend={default”No”, “Yes”};
rec htick = if IsNaN(high(“$TICK”)) then htick[1] else high(“$TICK”) ;
rec ltick = if IsNaN(low(“$TICK”)) then ltick[1] else low(“$TICK”);
rec avgh = if i == 1 then htick else avgh[1] + 2 / (p + 1) * (htick – avgh[1]);
rec avgl = if i == 1 then ltick else avgl[1] + 2 / (p + 1) * (ltick – avgl[1]);

def hi = high(“$TICK”);
def lo = low(“$TICK”);
def Last = if isnaN(close(“$TICK”)[-1]) then close(“$TICK”) else double.nan;
def ahi=avgh;
def alo=avgl;
def amean=(avgh+avgl)/2;
def trendmean=if usetrend AND (htick>avgh OR ltick avgh then htick – avgh else 0;
def bear = if ltick cumtick[lookback] then color.green else color.red);

nettick.AssignValueColor(if nettick >0 then color.yellow else color.cyan);
assignpriceColor(if ColorPrice and cumtick > cumtick[lookback] then color.green else if ColorPrice and cumtick cumtick[lookback] ) then cumtick else double.nan;
ArrowsUp.SetPaintingStrategy(PaintingStrategy.Arrow_Up);
ArrowsUp.SetLineWeight(2);
ArrowsUp.AssignValueColor(color.UPTICK);

plot ArrowsDown = if Crossover(yes, cumtick < cumtick[lookback]) then cumtick else Double.nan;
ArrowsDown.SetPaintingStrategy(PaintingStrategy.Arrow_Down);
ArrowsDown.SetLineWeight(2);
ArrowsDown.AssignValueColor(color.DOWNTICK);

By: forex-cat

forex-cat — Thu, 06 May 2010 07:46:54 +0000

Hi. I am forex-cat.

Your article is always useful.
Thanks.

Good luck trading today.

…my blog:
http://forex-chart-analysis-and-a-cat.blogspot.com/