Moxie Indicator for ThinkorSwim

Hi all, I actually own the original Moxie indicator and I'm in his paid trading room. He HAS shown his account balances. He is very transparent about that stuff. He is also honest when things don't work and where he is wrong. He teaches us what to look for.

@Homemadeitmyself Do you have the Mastery subscription or one of the training packages? Is Mastery just trade signals and once a month live sessions? Or is there a chat room and more resources to help actually learn the strategy? I've watched a lot of his videos and I've mostly reverse engineered his strategy from those but I'm wondering if the training would be worthwhile anyway.

I noticed with the way they price the 4 or 5 hour training session the best value is to pay for the basic level training and then pay for one quarter of Mastery. That's the same price as paying for the Elite training and you get 3 months of trade signals while losing just one of the four live trading sessions from Elite.
 
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The point I'm trying to make is that his indicator works, but you should study his strategy. He doesn't enter trades when his indicator fires. There is a set of rules that have to be met before a trade is taken. The indicator is just a guide.

I've been trying to convey that the indicator is not the strategy and that jumping into a trade when you see the arrows is going to lose money but people don't like to read that part.

I watched videos on his MoxieTrader channel, which was before he joined Simpler, and videos from different times after he joined Simpler. From those different time periods you can see his strategy mature and get more conservative about entries.

It's a little amusing how popular this thread has suddenly become right after Watkins had his first million dollar day and the ensuing marketing push from Simpler about it.
 
The code in MoxieFunc predates my efforts on this. That part was posted earlier in this thread before I joined the effort and it was copied/ported from TradingView, if I remember correctly. The code posted before I joined was very close to real Moxie, with just (arguably better) different line coloring and the calculation for the second line on 15m wasn't correct. Fixing that was my main contribution.

My intention was to replicate the real Moxie's behavior exactly. The existing formula seems to do that and so does the choice of using 2 lines only on 15m charts. In some videos you can see Watkins does have 5m and 2m charts that are rarely within the view of the recording and he isn't using two lines on those. He doesn't trade those timeframes and very rarely mentions them in his videos though he did state he has some customers day trading on those with Moxie.

The trampoline indication and vertical lines at crossovers were enhancements I added that the original Moxie doesn't include. I added the inputs to enable/disable them so it's easy to turn them off and have the same experience as the real Moxie indicator if that's what someone wants.
Thanks for the explanation, and your observations of TG's group. It seemed to me in watching his marketing video that he was just using Moxie as one of the inputs along with squeeze, stochastics, volume and 4 MAs on 3 timeframes to get a sense as to whether whichever entity he was looking at was getting ready to explode, and if so buy underlying or use options along with take profit / exit points to create a winning strategy. Since he was looking for wins in days-weeks, the lag on the 15min didn't seem to be relevant. I like this strategy :) But the main benefit I would think for most would be the group dynamics and suggestions on what entities seem ready to explode.
And the results he has had recently seem to be quite spectacular. To use this to day trade though is a different matter all together.

Btw, I only provided my comments on Moxie relation to OsMA and code snippets since I thought you might like the feedback...
 
Thanks for the explanation, and your observations as being a member in TG's group. It seemed to me in watching his marketing video that he was just using Moxie as one of the inputs along with squeeze, stochastics, volume and 4 MAs on 3 timeframes to get a sense as to whether whichever entity he was looking at was getting ready to explode, and if so buy underlying or use options along with take profit / exit points to create a winning strategy. Since he was looking for wins in days-weeks, the lag on the 15min didn't seem to be relevant. I like this strategy :) But the main benefit I would think for most would be the group dynamics and suggestions on what to entities seem ready to explode.
And the results he has had recently seem to be quite spectacular. To use this to day trade though is a different matter all together.

Btw, I only provided my comments on Moxie relation to OsMA and code snippets since I thought you might like the feedback...

I'm not in his group yet but I may join. You can find lots of his videos on the Simpler Trading channel on YouTube and he has a Moxie Trader channel on YouTube, where he's a bit less secretive, from before he joined Simpler Trading.

If you watch more of his videos you'll find Squeeze didn't exist on his charts before he joined Simpler Trading and I believe it's there primarily to market SqueezePro. His strategy doesn't depend on squeeze at all though he does occasionally mention it if he happens to notice the stock he's looking at is in a squeeze in addition to meeting his strategy's criteria. He specifically stated he rarely uses the stochastics. In the dozens of videos I've watched he's never referred to volume except in a case where someone asked him to look at a stock and he mentioned it's too low volume. It was 200k for the day or something like that.

My impression is his strategy is almost entirely based on the 1 hour chart's MAs and price action. D/W/M MAs are filters to avoid immediate overhead resistance. 15m charts are just for tighter entries. And then Moxie on all those timeframes as a filter (above/below zero) and for divergence. I need to pay closer attention to see if he's even really watching Moxie on weekly. I believe his strategy can be reduced to just 3 charts, D/H/15m, if you select stocks from a scan that avoids the higher timeframe MAs or plot the weekly and monthly MAs on your D/H/15 charts so you won't need to refer to M and W.

Regarding your comments on OsMA, I appreciate that. I figured Moxie was based on something already well known and I was curious what it is but I hadn't taken any time to dig into it. Watkins seems like a smart guy. He graduated as a mechanical engineer so he must be able to do some math. But he doesn't strike me as the mathemagician type who would be capable of inventing something completely new and useful.
 
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I'm not in his group yet but I may join. You can find lots of his videos on the Simpler Trading channel on YouTube and he has a Moxie Trader channel on YouTube, where he's a bit less secretive, from before he joined Simpler Trading.

If you watch more of his videos you'll find Squeeze didn't exist on his charts before he joined Simpler Trading and I believe it's there primarily to market SqueezePro. His strategy doesn't depend on squeeze at all though he does occasionally mention it if he happens to notice the stock he's looking at is in a squeeze in addition to meeting his strategy's criteria. He specifically stated he rarely uses the stochastics. In the dozens of videos I've watched he's never referred to volume except in a case where someone asked him to look at a stock and he mentioned it's too low volume. It was 200k for the day or something like that.

My impression is his strategy is almost entirely based on the 1 hour chart's MAs and price action. D/W/M MAs are filters to avoid immediate overhead resistance. 15m charts are just for tighter entries. And then Moxie on all those timeframes as a filter (above/below zero) and for divergence. I need to pay closer attention to see if he's even really watching Moxie on weekly. I believe his strategy can be reduced to just 3 charts, D/H/15m, if you select stocks from a scan that avoids the higher timeframe MAs or plot the weekly and monthly MAs on your D/H/15 charts so you won't need to refer to M and W.

Regarding your comments on OsMA, I appreciate that. I figured Moxie was based on something already well known and I was curious what it is but I hadn't taken any time to dig into it. Watkins seems like a smart guy. He graduated as a mechanical engineer so he must be able to do some math. But he doesn't strike me as the mathemagician type who would be capable of inventing something completely new and useful.
I have only watched 1 or 2 of his videos, so don't have anywhere as much depth of knowledge on his strategy as you, but from those I totally concur, particularly on squeeze. It seems Daily and above MAs are for key S/R and trends of higher TFs. But with focus on days-weeks investment, so getting good entries using hourly and 15min to optimize entries makes sense. He mentioned pulling trigger in last hour of day, so this would align too. One concept he mentioned wrt 15min that seemed interesting though was if the 1hr and 2hr moxies separate that this indicates weak move. I am looking into the math/stat's a bit to see if that holds up, since if it does that could be interesting as well. Cheers.
 
I have only watched 1 or 2 of his videos, so don't have anywhere as much depth of knowledge on his strategy as you, but from those I totally concur, particularly on squeeze. It seems Daily and above MAs are for key S/R and trends of higher TFs. But with focus on days-weeks investment, so getting good entries using hourly and 15min to optimize entries makes sense. He mentioned pulling trigger in last hour of day, so this would align too. One concept he mentioned wrt 15min that seemed interesting though was if the 1hr and 2hr moxies separate that this indicates weak move. I am looking into the math/stat's a bit to see if that holds up, since if it does that could be interesting as well. Cheers.

Yes, he does often mention a strong preference for the two lines on 15m to be "in agreement" with each other. Another unknown I've been watching for is how far from zero should Moxie be for a trampoline setup to be valid or some other criteria for trampolines. You'll often see trampoline conditions as Moxie approaches the zero line to cross over and they fail quickly.
 
Funny you mention that as I have been noticing there are 2 points of interest, the trend turning point and the zero cross and the distance between the 2 (i.e distance from zero). Whether it is a trend reversal or a retracement/continuation makes a difference on this distance as does the strength of the move. The 2 15min aggregation TFs tend to differ in both regards depending on strength of the move. Divergence is quite easy to see as well due to the simple moxie line when compared to price action H/L's. I suspect that the trick is really not so much in analyzing this as into trying to gauge whether the combination of indications show a good chance of exploding and then let stats and the money mgmt of the strategy work things out (as long as you can pick enough exploders :)
 
Funny you mention that as I have been noticing there are 2 points of interest, the trend turning point and the zero cross and the distance between the 2 (i.e distance from zero). Whether it is a trend reversal or a retracement/continuation makes a difference on this distance as does the strength of the move. The 2 15min aggregation TFs tend to differ in both regards depending on strength of the move. Divergence is quite easy to see as well due to the simple moxie line when compared to price action H/L's. I suspect that the trick is really not so much in analyzing this as into trying to gauge whether the combination of indications show a good chance of exploding and then let stats and the money mgmt of the strategy work things out (as long as you can pick enough exploders :)

These subtleties are why I'm considering paying for the training. I've learned in the past I can piece things together for free if I want to invest the time but sometimes it's worth it to fork over some cash and save the time. Another thing he's mentioned is when Moxie goes flat for an extended time while price continues trending you can expect a big move of price in the opposite direction. The two times I've seen this Moxie was hovering just below zero and refusing to cross as price climbed and both times price did come down fast.

For trend turning point, I've been experimenting a little bit with watching 2m Moxie while day trading on a 5m chart but I haven't put much time in it and I don't have a feel yet for if it's useful. You get an early indication of the change in direction but I don't see a way yet to get an early indication of whether it's a reversal or just a pullback. Ideally, though, I want to be done with day trading anyway and just swing. His "last hour" thing is appealing to me though that's currently 4am to 5am for me and when the US gets out of daylight savings it'll be 3am to 4am. If I pay for any training I'll wake up at those times to trade by the book for a while but I may transition to just entering off hours if it looks like it won't hurt my entries too much.

For stocks, his exit is when, on the hourly chart, both Moxie is below zero and price closes below 50 SMA. Options are a new thing for him and I don't know how he's managing those. I'm guessing a more aggressive exit like a fixed price target (1.272 and 1.618 fib targets are popular at Simpler Trading) or until some early sign of weakness.
 
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He does look at Moxie for divergence on weekly charts so it looks like we can't get rid of that timeframe by plotting its MAs in lower charts.
 
Great work Slippage. In one of TG's videos discussing his scanner, he has many studies that make up 1 scan (Moxie Crossover, Daily 50/200 SMA on/off, Hourly 50/200 SMA on/off, Monthly 10 SMA on/off, etc.) Does the scan you link to in this thread mimic that?
Like you, I've watched a lot of TG's videos, both from his days on his own at Moxie Trading and now with ST. I think finding the setups for the Moxie Method before it crosses above zero on the indicator to place on a watchlist would be beneficial. Is that possible? I guess I could pay for his Mastery Program but would like to hear your thoughts. Thanks again for the code - great job! All the best.
 
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I suspect that you might be a bit disappointed wrt to finding out about the subtleties, as I think that as you say, they may not be mathemagicians :)

So keep in mind that what OsMA is really doing is looking at the slope of two MAs, and when the ave OsMA trend is down and the 2 MAs are Converging the moxie/OsMA line is up (and visa versa for ave OsMA trend up), and when the fast MA has moved up enough it will cross the trailing ave of the MA difference (ie crosses zero). This trend of slope is why the price divergence is so easy to spot.

By using HTFs, it also smooths out the per bar variations by presenting a stair step line (but thus the most recent step will also repaint up until the HTF bar closes).

The value of signing up for the service I would think would be to participate with TG and the group to find good potential movers as well as to build confidence in pulling the trigger on the finds...
 
Great work Slippage. In one of TG's videos discussing his scanner, he has many studies that make up 1 scan (Moxie Crossover, Daily 50/200 SMA on/off, Hourly 50/200 SMA on/off, Monthly 10 SMA on/off, etc.) Does the scan you link to in this thread mimic that?
Like you, I've watched a lot of TG's videos, both from his days on his own at Moxie Trading and now with ST. I think finding the setups for the Moxie Method before it crosses above zero on the indicator to place on a watchlist would be beneficial. Is that possible? I guess I could pay for his Mastery Program but would like to hear your thoughts. Thanks again for the code - great job! All the best.
Finding the setups before it crosses zero would be possible. You could do it by having a threshold crossed that is above/below zero for below/above zero Moxie lines (and likely a bit of hysteresis to reduce thrashing), or parameters could be added to allow the adjustment of the MA periods to speed it up a bit, eg 7/21/9 vs 12/26/9 etc. There are other ways too...
 
Great work Slippage. In one of TG's videos discussing his scanner, he has many studies that make up 1 scan (Moxie Crossover, Daily 50/200 SMA on/off, Hourly 50/200 SMA on/off, Monthly 10 SMA on/off, etc.) Does the scan you link to in this thread mimic that?
Like you, I've watched a lot of TG's videos, both from his days on his own at Moxie Trading and now with ST. I think finding the setups for the Moxie Method before it crosses above zero on the indicator to place on a watchlist would be beneficial. Is that possible? I guess I could pay for his Mastery Program but would like to hear your thoughts. Thanks again for the code - great job! All the best.

The scan code I posted in this thread is only the Moxie piece. I didn't link any shared scans nor do I plan to.

I saw the scan in the video you're talking about, I think in the Moxie Trader channel, when he was excited that he now finally has a scan. That made me seriously doubt whether he even created Moxie since turning it into a scan is simple and took me about 5 seconds. His scan piqued my interest at the time but I didn't try to copy it. Instead, I created a scan that filters for the criteria I hear him talking about all the time. My scan has 6 sections.
1. On monthly, close is above 10 SMA
2. On monthly, Moxie is above -0.2 (this is equivalent to the weekly chart)
3. On weekly, Moxie is above -0.2 (this is equivalent to the daily chart)
4. On weekly, close is above 8/21 EMA and 30/50 SMA and 8 is above 21
5. On daily, close is above 50 SMA
6. On hourly, close is above 50/200 SMA and price traded within one third ATR of the 50 SMA

I run this scan with "Scan in" set to a another scan that has my minimum requirements for stocks I'd consider for a swing -- average volume and things like that.

You can see I gave Moxie a little wiggle room with above -0.2 instead of above 0 in case it's about to cross. I need more experience with Moxie before I can know if that wiggle room helps or hurts.

I doubt his scan filters out stocks that aren't near the hourly 50 SMA. Having that filter is helpful to not waste time looking at stocks that need a pullback to the 50 before they should be traded. And it eliminates stocks that already took off and shouldn't be chased. Even though he only executes trades in the last hour of the day I get the impression he spends a lot of hours looking at charts and waiting for them to set up. I'd rather not see them until they're almost ready for entry. Once I have more experience with it I may add filters for the 15m criteria as well, to get only stocks that are truly ready to trade immediately.

I considered adding filters to get rid of stocks that are just below monthly 50/200 SMA, weekly 200 SMA or daily 200 SMA but he does trade those on their second attempt to pass those resistances so I didn't filter them out.

I originally created scans for the crosses above/below zero. Then I watched the videos to learn the strategy and discovered the crossover generally is not the time to enter a trade so I don't see those scans as useful.

Lastly, I haven't been trading any of this yet so I'm no expert. I did enter a couple of orders yesterday, based on this Moxie stuff, to execute Monday if my stop-limits are hit. My scan may change as I learn more either through experience or paying for training.
 
The value of signing up for the service I would think would be to participate with TG and the group to find good potential movers as well as to build confidence in pulling the trigger on the finds...

I sent an email to their support asking what, exactly, is included in the Mastery subscription. I think it includes the chatroom but there's no mention of a chatroom on the marketing page for that subscription. It mentions some PDFs are included but knowing that company it's probably just marketing material for their other products rather than strategy documentation. I'll post their answer here once I get it.
 
I sent an email to their support asking what, exactly, is included in the Mastery subscription. I think it includes the chatroom but there's no mention of a chatroom on the marketing page for that subscription. It mentions some PDFs are included but knowing that company it's probably just marketing material for their other products rather than strategy documentation. I'll post their answer here once I get it.
Yes, that would be important to know. I assumed that all packages including the basic one included the daily group chat and some sort of alert service for a substantial period of time (like a year). If it is just the indicator/scanner(s) and a course on how to use, then I would think it somewhat overpriced. I get these Simpler marketing videos and every now and then one like this one seems interesting so I dig in a bit to see if I think it might work for me too...
 
Yes, that would be important to know. I assumed that all packages including the basic one included the daily group chat and some sort of alert service for a substantial period of time (like a year). If it is just the indicator/scanner(s) and a course on how to use, then I would think it somewhat overpriced. I get these Simpler marketing videos and every now and then one like this one seems interesting so I dig in a bit to see if I think it might work for me too...

If you pay $1000 for the Elite level class it includes 3 months of Mastery, which is the alert service. It's cheaper than paying $600 for the Basic class and another $600 for Mastery. https://www.simplertrading.com/moxie-stock-method/

The page from the webinar they had last week about the class this past Saturday has worse pricing and less included. Beware their marketing events, apparently. https://www.simplertrading.com/take/
 
I decided to just YOLO it and get the Elite package. I should get the money back from the Mastery alerts anyway, in theory. I'll let you know what I think of it once I've consumed the materials and understand the scope of what exactly is included. Now that I have the actual Moxie code I wouldn't feel right to share it or to make any updates to what I've already posted here but I'll let you know if I see anything the code here has wrong so someone can chase it down and fix it if they have an interest.

The real Moxie has different code for every timeframe that Watkins charts with the referenced higher timeframe hard coded -- terrible code management. Of course, the first thing I did was grab the official version for daily charts. and compare it to the code we have here. Our formula is an exact match, down to variable naming which leads me to believe whoever posted it on TradingView had access to the real Moxie. Assuming our code is correct across timeframes, I plan to use that instead of the real Moxie so I don't have to have the literally ten different studies they gave me to download.

I can also tell you our code is a lot cleaner than the official Moxie. There's a few variables in their code doing unnecessary math where the result never gets used. And a few global colors defined that also never get used. I commented out that stuff to eliminate unnecessary CPU/memory utilization.

Having reviewed all of the official code for Moxie I can say I'm 100% comfortable using the code posted here instead.
 
@Fenway1353 The scans they give you if you buy Moxie don't include any of the moving average filters, just the Moxie triggers. What they provide in terms of technology really is inferior to what's available in this thread. I hope the training videos are worth what I paid and not exactly the same as I already watched for free on YouTube.
 
@Slippage Really appreciate the update. Thanks for the scanning info. I'll be interested to hear if you think the alerts the Elite package provides are worth the cost. What platform does he use to provide alerts? Thanks again. Have a great day.
 
What platform does he use to provide alerts?

I'm not sure yet. There was something in the marketing materials about push notifications so I'm assuming they have their own app. I haven't gotten that far yet but I'll look into it before the end of the trading day.

I clicked around the things I have access to in their website and saw the spreadsheet that lists his past and currently open trades. From there I grabbed the downloads for the indicator to check out the code compared to what we created in this thread. Ours is better. His causes newbies confusion with getting the correct Moxie on each timeframe. Maybe I'll try to sell ours to him haha. Then I used one of the TOS share links for a scan to see what filters it has, which is nothing except the Moxie piece. After that I jumped into the videos.

The first video was an hour of teaching people how to set up TOS, create the grid with 3 charts, set the timeframes, add Moxie and the MAs. Nothing useful for me. Thankfully they have playback speed controls on their video player so I ran it at double speed. He explained in that first video that he's only providing bare bones scans and you should add your own filters for MAs, price and volume however you want.

There's one bug I noticed in our code that should be fixed. For 15m he's not using the high price like I thought. High and Low have different meanings in that context, unrelated to price, and only for 15m. The code should be changed to use close just like all the other timeframes. I already fixed it locally but I'm not sure if I should post it here now. @BenTen how do you feel about this? Where is the line I shouldn't cross?

They have a web-based "Trading room" chatroom for each of their subscription services and iOS/Android apps which appear to be just wrappers around the web-based chat. There's an "Alerts" section in there where TG posts stuff. Not just trades but other commentary as well. The app requested permission for notifications so I'm assuming I'll get actual mobile notifications on trade alerts. I'll let you know if that's not the case.
 

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