Pre-Sales VIP Questions

Learnbot

Active member
I am not VIP member yet, however, thinking about subscribing to your discord and obtaining the "buy the dip" indicator. I just wanted to check something before I subscribe to VIP, would you be able to post an example of 1min chart for TSLA, Apple, ZM or whatever else stock you see fit (not penny stocks plz since I am not that educated to trade small caps yet). I wanted to see if Buy the Dip works for day trading as well as swing.

Edit: This thread has gotten very long. Added some info below for easier access to information.
Summary:
https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/page-23#post-89427

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:
Customer's reviews:
More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186
 
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@Learnbot Hey there! For sure. Here are the requested charts.

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I don't really trade on the 1m chart, so I wouldn't be able to answer any questions related to this timeframe. I find the 1m timeframe to be "a bit much" for my style of trading. I hope those charts above will help. Hopefully, we'll get some existing VIP members to chime in and share their opinion.
 

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@Learnbot, I primarily trade off the 5min and 10min BTD_STR signals for large cap stocks. However, I do monitor the 2min timeframe while trading small cap stocks under $20.

BA was the only good example of where 2min worked today.

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However, as it's a lower time frame, it will have more signals. Entries are more precise for bottom picking and top picking, but you do lose a majority of the move each time.
 
@BenTen thank you so much for sharing the pics this indicator looks amazing. @princesly very good information as well, currently I do use EMA crosses and MCAD divergence to get in but you are correct I still need to learn and be better at it. I appreciate the help though. @BoarTrades for large cap stocks (for day trading only) which timeframe do you think BTD indicator is best for. Also thank you for your help/information. All I really appreciate the help.
 
@BenTen thank you so much for sharing the pics this indicator looks amazing. @princesly very good information as well, currently I do use EMA crosses and MCAD divergence to get in but you are correct I still need to learn and be better at it. I appreciate the help though. @BoarTrades for large cap stocks (for day trading only) which timeframe do you think BTD indicator is best for. Also thank you for your help/information. All I really appreciate the help.
Daytrading I look at 5min and 10min for large caps.
 
Do all of the VIP indicators work on renko charts? I use renko and will most likely join the VIP. I know there are some indicators that dont work on renko so Im just making sure. Thanks
 
I saw a request in the Discord to describe how people have been using BTD indicator on lower interval trades and thought I would share my experience.
I primarily scalp and have been using BTD to evaluate BULLISH entries for this style of short term trading along with TTM Squeeze, TTM Wave, RSI, and MACD w/ Histogram. My ideal setup is when the three BTD lines converge to indicate an entry opportunity, TTM Squeeze is out of the squeeze (green dots) and has a confirmed bullish bias from a recent bearish move, TTM Wave confirming the bullish momentum, MACD being stretched down and ready for a bullish move, and RSI being below the 30 line.

Attached is my scalps from today on NVDA where I pretty much had this scenario several times -- you'll see that I took three trades that were close to the dip as soon as TTM Squeeze changed colors, while being in an area where all three BTD lines are overlapping.

ablZkvh.png


I don't know if this use case is how the BTD indicator was intended for, but I've been trying it out for ~ a week and it has been working for me on the small set of tickers that I have been scalping.
 
I am loving what i see. I don't know if it's too much to ask. Can i see /NQ 9/17 and 9/18 Buy the Dip 5M charts so i can check and see how it works with another great indicator you guys have. Look out for me as a member next week please.
 

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