Trend Reversal Scanner

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First of all I am happy because you are ok and healthy thanks God, hope you had a wonderful thanks given and thank you so much for your help for this community. I need your help creating a scan with alert using below script. It is working 100% fine on study chart, but not working for Scan. I am I have this code and I have tried to use only the bearish signals and mostly the highlighted line before the  trend reversal “plot reversal” on the chart, I can use them as scanner maybe we can cut few pieces to make it shorter, this is what the error says:

gettingcom.devexperts.tos.thinkscript.runtime.TooComplexException: The complexity of the expression suggests that it may not be reliable with real-time data error. Sorry, I am not that tech, so I have not much idea at this script and issue. Here the code:

# Enhanced Trend Reversal Indicator with Signals
# Added VWAP and Engulfing Candles

# Original version: https://usethinkscript.com/threads/trend-reversal-indicator-with-signals-for-thinkorswim.183/

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Posted by (Questions: 1, Answers: 1)
Asked on December 4, 2019 10:41 pm
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Thanks for taking a moment to express your appreciation for my work and concern for my health. At this time last year I was in really bad shape. And by the grace of God I have recovered fully. Whew! Don't want to go through that again.

Now on to your request. Prepare for disillusionment. From the very description given at the top of the webpage you linked:

One thing to note is that this indicator will repaint.

Right there in that one sentence we are dead in the water without an oar. This indicator is only useful as a training aid to teach your eyes how to identify structures in the price graph. Nothing more. Also in the description the author states this code uses the ZigZag indicator. That code cannot be used to generate any scan signals or alerts because the signals it generates require that you can travel through time and read the future. Literally, not figuratively.

The best thing you can do at this point is delete that indicator from your platform. Walk away and never look back.

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Posted by (Questions: 37, Answers: 4118)
Answered on December 5, 2019 8:55 am
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