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);

 

[Ajordan930]

@criscksdds Awesome chart set up yo have provided. I have a question regarding your methodology in using the profit maximizer regarding timeframes. If I am trading off of a 5 minute chart I believe your settings were 15 min. Are you typically going to a higher timeframe to stay in and follow trends and if so what would you recommend for an hourly chart as well as daily? Appreciate your insight