Repaints AGAIG High Profit Options Trading Chart For ThinkOrSwim

[Risktk1r]

HAHAHA. I've been doing this long enough to no there isn't any magic indicator. But , I have to say, using TOS and your charts are , well, as good as it gets. Need to be going with the flow, but as far as having an "assistant" that watches everything, this is top notch. Thank you for all your efforts . Warm regards, Mike

 

[csricksdds]

HAHAHA. I've been doing this long enough to no there isn't any magic indicator. But , I have to say, using TOS and your charts are , well, as good as it gets. Need to be going with the flow, but as far as having an "assistant" that watches everything, this is top notch. Thank you for all your efforts . Warm regards, Mike

A tablespoon of humor helps the losing trades go down!

 

[csricksdds]

Second this comment. Can you please provide more clarity on how you are using this and if it applies to all time frames or just 5m? And what do you mean 'only place trades when two or more indicators are in agreement?' . Which two indicators are you referring to?

Some time ago a couple of you asked how I use this chart (or any of my charts for that matter).

One thing I look for is the first and second changes in direction a stock (ETF) takes after the ORB (Opening Range Breakout) of the market (usually the first 15-30 minutes after open).
There is a lot of pent-up energy at market open which needs to play out (options are usually more costly during this ORB period).

It has been my experience that the first and second changes in direction after this ORB period may frequently represent the most profitable trades of the day?
The first trade then will be at, or after 10:00 a.m., with the second trade taking place after the first trade plays itself out. Frequently these first two trades will be completed before noon and, if profitable, end my trading day?

Take time and look back at some of your favorite stocks (ETFs) for the past few days and see what happened after the ORB when looking at the next two changes in direction?

 

[FreefallJM03]

Go to the beaker to the left of the time frame you are using - click on it for dropdown to added studies and strategies...look to the right of the Traffic Light, click on the wheel and change the aggregation period to 10 minutes. If still having problems let me know?

Thanks, that worked. I just hope it doesn't change it on the 5 min chart as well. I am looking at incorporating these with another chart I am working on. They look like they could work well together, but going to take some time. I wish we could put powerpoint presentations together to explain an entry/exit and some examples of false signals.

 

[csricksdds]

Thanks, that worked. I just hope it doesn't change it on the 5 min chart as well. I am looking at incorporating these with another chart I am working on. They look like they could work well together, but going to take some time. I wish we could put powerpoint presentations together to explain an entry/exit and some examples of false signals.

If you have any issues let me know and I will try to answer and help?

 

[fire580]

After watching this chart for a while it would be nice to have the 4/8 line on the chart - can you do that?

I mean the 4/8 Murray Math line - how do I get that? the AGAIG Murray math indicator on the chart does not have a 4/8 line on it.

I guess I should of said the level 4 line?

 

[csricksdds]

I guess I should of said the level 4 line?

These are the lines on the code which I think you are referencing:
def MMLevel8 = 8 / 8;
def MMLevel7 = 7 / 8;

def MMLevel1 = 1 / 8;
def MMLevel0 = 0 / 8;

Are you looking for a midline? If so my standard deviation lines will give you the midline as well as a 1 SD deviation either way: This is the link for that which could be added to your chart: http://tos.mx/!BhUmOttN

If this is not what you're looking for please let me know?

 

[fire580]

These are the lines on the code which I think you are referencing:
def MMLevel8 = 8 / 8;
def MMLevel7 = 7 / 8;

def MMLevel1 = 1 / 8;
def MMLevel0 = 0 / 8;

Are you looking for a midline? If so my standard deviation lines will give you the midline as well as a 1 SD deviation either way: This is the link for that which could be added to your chart: http://tos.mx/!BhUmOttN

If this is not what you're looking for please let me know?

Great, I see it now 1 SD

Thanks

 

[csricksdds]

Great, I see it now 1 SD

Thanks

Always feel free to ask questions...thanks

 

[FreefallJM03]

Is there a way to keep everything visible on the chart with automatic instead of manual? I've been able to do it on other charts, but when I do it on this one it flattens everything into a few horizontal lines.

 

[csricksdds]

Is there a way to keep everything visible on the chart with automatic instead of manual? I've been able to do it on other charts, but when I do it on this one it flattens everything into a few horizontal lines.

Now I'm at my computer.

On the upper right of a chart are two lines that look like they have a sideways S inside.
This is the Price Axis Setting.
Click on that and the dropdown will open.
If any of the boxes are checked it will probably compress your chart.

The only thing I want active is to click on the little wheel between your time setting and the beaker and click on Price Axis
(I like to check and keep Price Zoom. Click on that and hit Apply and then OK.

This should help your chart expand and not flatten.
After this if price get out of area I got to that chart Price Axis Setting and click Auto.

You can also put your pointer on the black area that shows price (on chart right sideline), right click and you can lengthen or shorten the chart view.

 

[RicRams]

Thank you for your nice list of questions. I have developed several AGAIG indicators with different variations. As a visual trader I try to make indicators that might be appealing to some and others that might be appealing to others. It's like car shopping, some models are more appealing to some and not to others.

My charting goal is to have the least amount of indicators that give the information a person desires.

If you will tell me the ones you would like on your personal charting and let me know I will try to put them in place for you.

If you like this chart and would like for me to delete, or add something for you, I will be happy to help? Let me know.

would a IV+IVR+IV% label be possible? TIA

 

[csricksdds]

would a IV+IVR+IV% label be possible? TIA

Thanks to @rad14733 who is an options expert this might be the label you're looking for?

AddLabel(yes, "ImpVol: " + (Imp_Volatility * 100) + "%", Color.CYAN);

 

[alapin]

AGAIG As Good As It Gets
High Profit Options Trading Chart for TOS
This may be my best trading chart thus far! ​

UPDATED: moved murrey bubbles to the right

LABELS:
ATR D/W (Daily Weekly); PSAR; Stacked EMAs; ORB LABEL; TI MTFs; TRAFFIC LIGHT (Green, Yellow, Red);

CHART:
Includes the Date Time Line Vertical; Murrey Math Pivots; AsGoodAsItGetsIndicator; PRICE POINTER; PSAR Transition Line; SD (Standard Deviation) Pivots; Europe Closing Vertical Line; Profit Maximizer Arrows; Power Hour Heads Up;

COMMENTARY:
Any questions feel free to ask?

Hopefully the upper labels are self-explanatory.

The THICK RED/GREEN Upper/Lower lines are MAJOR MURREY MATH PIVOTS (Overbought/Oversold and may move (repaint) until high/low pivots are established). The Yellow dashed lines UNDER/OVER the HEAVY LINES are where Overbought/Oversold Direction is probably Weakening.

The Short/Long Bubbles are my As Good As It Gets Indicator Trend Direction Bubbles.

The Heavy Chart WAVY Line with direction arrows is the Profit Maximizer Arrows. Also included is the 20 EMA White Line showing if the moving average is above/below the 20 EMA.

Also are Vertical lines showing just before Europe Market Closing and just before the Power Hour (last hour of trading).

ONLY PLACE TRADES WHEN TWO OR MORE INDICATORS ARE IN AGREEMENT!​

Links: (5min Charts) MUST follow these instructions for loading shared links.
Single Chart: http://tos.mx/!yowprDUc
Double Chart: http://tos.mx/!MbS6BvHd
Chart View Single:

https://imgur.com/a/EX52q0J

Chart View Double:

https://imgur.com/a/1gWujqN

Hello Charles,

First and foremost thank you so much for taking the time to share your knowledge, experience and scripts with this incredible community. It is appreciated in more ways than I can describe.

I noticed that your single chart shows the murrey bubbles update (8.29.24) in the code. Looking at the double chart it seems it is the previous version (8.26.24) as it does not seem to show the murrey bubbles update in the code. I just wanted to confirm if that is accurate or whether you might not have uploaded the updated double chart.

 

[alapin]

@csricksdds Please forgive me I am in process of learning ins and outs of TOS application. One of the other things I noticed when I load your double chart upon initial load I don't see all the lines (Hi AlgoPivot, Ob Pivot, OB Weakening, OS Pivot etc...) as shown on your screenshots. Each time it loads I am forced to manually left click on prices on the far right side (for both left & right chart) and drag mouse down/up to adjust the screen after which the lines show up. Is this normal? Or do I need to adjust some sort of settings so that it loads automatically on display exactly as you designed? In addition when I start making adjustment the red price bubble on right side disappears from view please see my second screen shot. Finally please see my other post earlier perhaps I noticed double chart does not seem to have the updated murrey bubble code wasn't sure if that was accurate or not. I've attached some screenshots so you can see how it looks when I first load your charts as well as after making manual adjustments. Thank you in advance.
EDIT --> After I posted I found another users post that raised similar question and saw your response. I click on my price axis, scale was set to AUTO. I assume I need to change to MANUAL and check off keep price zoom? I've added screenshot with my current settings for one of your charts. When I make the change in the price side I no longer see the RED/GREEN bubble and when I change to other tickers I am forced to adjust settings again. Finally if I adjust enough I also see red bubble show up that says HiAlgoPivot but no cut lines, (assume was designed that way). Not sure if this is standard TOS behaviour or whether there is means to adjust it so that it automatically shows all necessary lines and not require adjusting for each ticker which appears to be the case if using manual instead of auto in price axis.