Repaints MTF Accumulation Swing Index Chart Setup for ThinkorSwim

[reedbob19]

Thanks so much for the Accumulation Swing indicator
I put two Accum Swing Index's on my chart.
Fast and slow so for example on the two hour chart I will use one set at 4 hour and another set at day.
What this does is let me know if the market is having a short term reversal in a longer term trend.

On the daily chart I am using day and week and looking back over the past year trading TQQQ
on the daily time frame compounding it was up over 500 % for the year.
With 8 trades: one very small loss and 7 wins....being in the market all the time.
Rules are very simple:
when both are red sell longs and go short
when both are green cover and go long.
I added the Salty Moxie and it seems to give early warning of a trend change.
here is a link to my daily chart
https://tos.mx/1BCavDd

So thank you for sharing!!!!!
This is a great community!!!!
Bob

 

[Cybersloth]

When I first examined this strategy, it looked wonderfully simple and compelling. I don't want to rain on anyone's optimism unnecessarily and definitely don't want to diminish anyone's willingness to generously show a strategy which may also work for others. However, would-be users of this approach should be aware the week-long Accum Swing Index is subject to abruptly change from green to red or vice versa at any point half way through a "swing" (aka a whipsaw) and practitioners will be left to wonder what they ought to do next. All the same, the weekly Accum Swing will claim it had it right all along, even though it really didn't.

For example, examining at chart of /EMD, the S%P 400 emini, over the past year, it appears as if the Accum Swing weekly remained red, astutely avoiding what turned out to be something of a fake-out swing in late May. But if the live price action is examined on May 27th, the weekly Accum Swing is screaming green with a steep step-up. Another example: there appears to be a long green accum swing on the weekly from 10/21/22 to 12/9/22 on SPX and /ES. However, if that accum index is examined during a playback of the actual price action on November 3rd at open, when the weekly swing printed appeared green since October 21st, it suddenly appears to be red since October 28th at November 3rd's close of regular trading hours.

One additional problem with this Accum Swing index is it mysteriously calculates differently if the user applies 1 year of data versus, say, 2 years of data. This appears to be an error due to some quirk in TOS rather than an error by the code writer. So, caveat emptor.

I'm looking for ways not to get bucked out of longer swing trades. While this approach looks like a simple answer when, say, a chart of the past year on the major indexes is examined, it's unfortunately just a lovely mirage. Would be great to find something that works like this purports to work in retrospect and thanks for the effort to share it.

 

[TG1212]

Thanks so much for the Accumulation Swing indicator
I put two Accum Swing Index's on my chart.
Fast and slow so for example on the two hour chart I will use one set at 4 hour and another set at day.
What this does is let me know if the market is having a short term reversal in a longer term trend.

On the daily chart I am using day and week and looking back over the past year trading TQQQ
on the daily time frame compounding it was up over 500 % for the year.
With 8 trades: one very small loss and 7 wins....being in the market all the time.
Rules are very simple:
when both are red sell longs and go short
when both are green cover and go long.
I added the Salty Moxie and it seems to give early warning of a trend change.
here is a link to my daily chart
https://tos.mx/1BCavDd
View attachment 16220
So thank you for sharing!!!!!
This is a great community!!!!
Bob

I tried to create a scan out of this but it failed as secondary timeframe is not allowed. Can you please let me know how I can create a scan out of this?

 

[MerryDay]

I tried to create a scan out of this but it failed as secondary timeframe is not allowed. Can you please let me know how I can create a scan out of this?

No, the ToS platform does not support the use of secondary timeframes in the Scan Hacker.

Workaround:
Use the built-in ToS Accumulation Swing Indicator in your scans