Repaints Bill Murray Indicator: Intraday for ThinkOrSwim

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@BillMurray @Thomas @johntermotto can one you share the PDF on the deafdaytrader system. I have download the setup you shared but pretty lost on where to begin or see or the right way to consume it - to help my trading. It would be great if you share the content or atleast point me to a video or instructions on how to use the setups you had shared.
Try this.........https://drive.google.com/file/d/1Kt5ZLZ9bsX_rDY8DfVN7DWYp-m5Xs3Ra/view?usp=sharing then look here https://twitter.com/deafdaytrader,..........
 
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I am a customer of DeafDayTrader and I have purchased all his books and was briefly a member of his private group. He shall be missed!

I am here because I use AccumDistBuyPr and it's a great tool. I have one question - is there a way to set an alert when it touches 0 and 100?

Thank you.
 
@WhiteWindows2 Here is the AccumDistBuyPr indicator with alerts added:

Code:
#
# TD Ameritrade IP Company, Inc. (c) 2007-2020
#

declare lower;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

plot AccDist = TotalSum(data);
AccDist.SetDefaultColor(GetColor(1));

def cond1 = AccDist crosses above 100;
def cond2 = AccDist crosses below 0;

# Alerts
Alert(cond1, " ", Alert.Bar, Sound.Chimes);
Alert(cond2, " ", Alert.Bar, Sound.Bell);
 
I am a customer of DeafDayTrader and I have purchased all his books and was briefly a member of his private group. He shall be missed!

I am here because I use AccumDistBuyPr and it's a great tool. I have one question - is there a way to set an alert when it touches 0 and 100?

Thank you.
Will you share any insights......biggest problem is knowing when the "Bill Murray," moves specifically higher and is a buy signal, ya you can eyeball it, but......I have this as only indicator at bottom of chart.
 
Will you share any insights......biggest problem is knowing when the "Bill Murray," moves specifically higher and is a buy signal, ya you can eyeball it, but......I have this as only indicator at bottom of chart.

If it's at the bottom of the chart, you'll have to take a chance. Nothing is perfect. I've rue it far too many times.

Unless I misunderstand your question.
 
I think I understand the question now. I have the script and it was showing top and there was no trigger.
On another chart with the bottom line did touch and did trigger an alert via message.
I've reported to TOS to add more options to alerts for deaf traders.
 
Well, I'm certainly coming late to this party but I've been fascinated with this idea for the last 24 hours.....so I threw a few bells and whistles on the two working indicators to see what it would show me. I don't know if these bells and whistles are just lipstick on a pig at this point because the X axis issue hasn't really been resolved well. If anyone is still playing with this, maybe someone will come up with something that resolves . I really like the idea here.....if there was a good way to catch all of the signals on all of the different time frames.

Anyway, my adds were just for up/down signal arrows and audible alerts. On the first indicator (AccDist_Stoch_Signals) I also added a faster stochastic and a midline (looking for crossovers), but I don't think that really added any value. I also patched in some Aggregation.Period stuff on both versions, but they're actually separate indicator revisions that I did not share here as they seemed quite clunky. I have them if anyone is interested. I had hoped to have 3 instances of the same indicator on 1 chart, rather than 3 charts.

A few interesting observations in all of this :

1. The x axis issue is a big one... at least on the stochastic version. When the indicator paints an arrow, if the next few candles achieve greater lows/highs, it will reach back and eliminate the arrow and create a new one.

2. On the stochastic version, it was very interesting to see the signals displayed (over a 30 day chart stretch) when the timeframe was changed from 1m to 3m to 5m to 10m to 15m.....all the way up to the 4H chart. What made it interesting was that not all 15min chart signals necessarily also provided signals on 5m or 1m. I expected that to happen but sometimes they stood alone. Also, there were signals that showed up on tick charts that didn't necessarily show up elsewhere. That's ultimately why I put together the Aggregation.Period indicators....but it became a bit ridiculous to have 6 lower indicators just so I could catch signals on 1m, 5m, 10m, 15m, 30m and 1hr. It was a real resource hog too.

2b. Also, a strange thing would happen in the first second of switching time frames. When I switched from let's say today's ES(5m) to ES(1m), for about 2 seconds the AccDist_Stoch_Signals would display the down arrow signal and then it would disappear once the full width (zoomed out) was rendered for the chart.

3. Unexplainable by me was when I added the indicators to a chart I downloaded from I think https://usethinkscript.com/threads/here-are-some-of-the-indicators-i-use-every-day.4114/page-2, where the same indicator did not provide the same signals when the two charts had the same timeframe. Might have something to do with looking at 1m/Today vs. 1m/3days or some other combo.

4. When you look at the second indicator (AccDist_LinReg_Signals), you'll see that it will, for obvious reasons, give completely different signals than the AccDist_Stoch_Signals. Usually when the latter provides a signal, the former will also. But not necessarily the other way around.

5. With the AccDist_LinReg_Signals indicator, you don't have the x-axis issue per se. At least not where the indicator will reach back and eliminate an arrow to be replaced with a new one. This indicator will display an arrow, and then if the next candle(s) continue lower/higher, it will simply issue another arrow....and another until AccDist rolls to the other side of the line.

Sorry for the long post. I guess I'm hoping that interest might be rekindled to make this a better set of indicators.
Oh, one last thing. All credit goes to @BillMurray , @Playstation and others. I was just monkeying around tossing snippets into someone elses code.

Here is AccDist_Stoch_Signals tos.mx/2Av3u8z

Here is AccDist_LinReg_Signals tos.mx/5fZ2etK

Here are a couple of images. The first shows that one indicator will have different signals than the other on the same chart.
The second shows that one of the indicators may provide a signal on, let's say a 15m chart but not on its corresponding 1m chart.



.......

Here's an image of multiple time aggregations.
 
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Well, I'm certainly coming late to this party but I've been fascinated with this idea for the last 24 hours.....so I threw a few bells and whistles on the two working indicators to see what it would show me. I don't know if these bells and whistles are just lipstick on a pig at this point because the X axis issue hasn't really been resolved well. If anyone is still playing with this, maybe someone will come up with something that resolves . I really like the idea here.....if there was a good way to catch all of the signals on all of the different time frames.

Anyway, my adds were just for up/down signal arrows and audible alerts. On the first indicator (AccDist_Stoch_Signals) I also added a faster stochastic and a midline (looking for crossovers), but I don't think that really added any value. I also patched in some Aggregation.Period stuff on both versions, but they're actually separate indicator revisions that I did not share here as they seemed quite clunky. I have them if anyone is interested. I had hoped to have 3 instances of the same indicator on 1 chart, rather than 3 charts.

A few interesting observations in all of this :

1. The x axis issue is a big one... at least on the stochastic version. When the indicator paints an arrow, if the next few candles achieve greater lows/highs, it will reach back and eliminate the arrow and create a new one.

2. On the stochastic version, it was very interesting to see the signals displayed (over a 30 day chart stretch) when the timeframe was changed from 1m to 3m to 5m to 10m to 15m.....all the way up to the 4H chart. What made it interesting was that not all 15min chart signals necessarily also provided signals on 5m or 1m. I expected that to happen but sometimes they stood alone. Also, there were signals that showed up on tick charts that didn't necessarily show up elsewhere. That's ultimately why I put together the Aggregation.Period indicators....but it became a bit ridiculous to have 6 lower indicators just so I could catch signals on 1m, 5m, 10m, 15m, 30m and 1hr. It was a real resource hog too.

2b. Also, a strange thing would happen in the first second of switching time frames. When I switched from let's say today's ES(5m) to ES(1m), for about 2 seconds the AccDist_Stoch_Signals would display the down arrow signal and then it would disappear once the full width (zoomed out) was rendered for the chart.

3. Unexplainable by me was when I added the indicators to a chart I downloaded from I think https://usethinkscript.com/threads/here-are-some-of-the-indicators-i-use-every-day.4114/page-2, where the same indicator did not provide the same signals when the two charts had the same timeframe. Might have something to do with looking at 1m/Today vs. 1m/3days or some other combo.

4. When you look at the second indicator (AccDist_LinReg_Signals), you'll see that it will, for obvious reasons, give completely different signals than the AccDist_Stoch_Signals. Usually when the latter provides a signal, the former will also. But not necessarily the other way around.

5. With the AccDist_LinReg_Signals indicator, you don't have the x-axis issue per se. At least not where the indicator will reach back and eliminate an arrow to be replaced with a new one. This indicator will display an arrow, and then if the next candle(s) continue lower/higher, it will simply issue another arrow....and another until AccDist rolls to the other side of the line.

Sorry for the long post. I guess I'm hoping that interest might be rekindled to make this a better set of indicators.
Oh, one last thing. All credit goes to @BillMurray , @Playstation and others. I was just monkeying around tossing snippets into someone elses code.

Here is AccDist_Stoch_Signals tos.mx/2Av3u8z

Here is AccDist_LinReg_Signals tos.mx/5fZ2etK

Here are a couple of images. The first shows that one indicator will have different signals than the other on the same chart.
The second shows that one of the indicators may provide a signal on, let's say a 15m chart but not on its corresponding 1m chart.



.......

Here's an image of multiple time aggregations.
Thanks for sharing your indicators and ideas. Does the arrows move when the price keeps going down or up? With the original one it keeps shifting which is difficult to determine the bottom for the bullish buy.
 
@bhaskar_madugula , yes.... on the Stochastics one the arrows will repaint if price keeps going in that direction. On the LR one it will simply add another arrow.....sometimes leaving you with 5-8 candles before stopping. It seems at that point where price reverses.
 
Test this (on paper): setup both indicators on your chart and have both a 1m chart and a 5m chart.... identical. When you have arrows on both charts, watch for when the LR one on the 1m chart stops issuing arrows. That might be a place for an entry.

I tested that this morning at 9:33am CST on /ES and it seemed to work pretty well..... one time. So, who knows if it is a valid strategy. Sample size: 1, so....

Oh, btw, if it means anything, I have my charts set at 5m/today and 1m/today. It may not happen often, but when it strikes on both indicators and on both timeframes, this seems to be a strong indication.

 
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I noticed with the "Arrows," in StanDev,...multiple arrows tight are signifying consolidation, a base, same on top.....
 
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their *** off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)
 
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Thanks a lot @BillMurray I really liked your setup. I contacted you via discord. I have one question, how do you search for stocks to trade? Can you please share some screenshots and watchlist setup.
 
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their *** off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)
MAN, I completely forgot about that DDT setup. Really good signals with it, may have to look at bringing back into my grid.
 
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their *** off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)
Thanks for posting a somewhat simple solution to the "HolyGrail," it unclutters my chart tremendously. I understand you're trading futures, short time frames,....what I am curious about is,......is this indicator best for futures only, short time frames, and observing Acc/Dis to touch tops and bottoms of the time frames, using my daily chart, it touches tops and bottoms of that time frame.....when the unZOOMED indicator touches a top or bottom, will it always move in the opposite direction without a reversal to the touched area, will it continue in opposite direction until it touches before a reversal in other direction????? Reading it is based on higher/lows/Highs,...... If this is so,.....trades taken in the direction after a touch can play out with extreme confidence?
 
Last edited by a moderator:
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their *** off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)

Thank you for sharing. Looks good setup. Is it possible to add arrows up and down to help?

I'm tagging @cos251 also here. He's a good coder too.
 
@we29125 Sorry being too long, Have you noticed any repainting or delay printing the arrows? What timeframe do you like the best? Are there alerts for arrows?
 

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