Repaints AGAIG The Trading Edge Chart for ThinkOrSwim

[csricksdds]

TRADING WITH AN “EDGE” IS THE DESIRE OF ALL TRADERS​

FIRST THE EDGE: The RED/GREEN HORIZONTAL ARROWS (non-repainting) are showing probable change in direction but should not be used in isolation.

shared chart link: http://tos.mx/!ogAx8PPv Click here for --> Easiest way to load shared links

(NO SINGLEINDICATOR SHOULD BE USED IN ISOLATION).​

Only enter a trade when multiple indicators are in confirmation including these horizontal arrows, but NOT until a confirming EMA RED/GREEN Arrow also appears. This is your trading “Edge.” EMA (Exponential Moving Average) is represented by the RED/GREEN Line with Arrows and Clouds attached moving above/below the white 20 EMA.

This is the chart I have been using for a few days now. Instead of candles the RED/GREEN CLOUDS represent candle movement

The large YELLOW ARROWS are ATR 2.0 direction arrows.

The Long/Short Bubbles are my Trading Path 1.75 ATR Bubbles.

The small dotted YELLOW triangle Line is the Anchored VWAP (NOTE: The current date needs to be changed every day for this to show properly).

The PRICE POINTER (BLUE LINE) is displayed and moves with Price (Current price shown on right).

The Larger Dotted Yellow line is the PSAR (shows change in direction and is coordinated with the PSAR Label above showing how many bars ago the change in direction took place.

The WHITE DASHED LINES are the plus or minus 1 SD (One Standard Deviation). Remember that stocks (ETFs) move within 1 SD approximately 80% of the time and represent frequent pivot points.

The RED/GREEN VERTICAL DASHED LINES are 2.5 ATR.

The ORB (Opening Range Breakout) is represented by the first 15 minute YELLOW DASHES followed by SOLID YELLOW LINES once ORB has been established. These are labeled with Yellow ORRB Hi and ORB LO. Above is a label stating if price is Above/Within/Below ORB.

Hi/LOW ALOGO PIVOTS are solid RED/GREEN LINES with Chart Bubble ID.

Previous days HI/LOW is represented by SOLID WHITE LINES with ID Bubbles.

The Market Open (Yellow), UK Market Closing 10 MIN (White), and Power Hour Heads Up (White) are Vertical Labeled Lines.

The Labels at top of chart are ones frequently used. If any questions on these just ask?

I have offered multiple chart selections over a period of time and consider this to be a best choice for trading success.

 

[csricksdds]

you might want to add my Dashboard Traffic Light to this chart as well. You can set its time frame to match the one you are using. The Traffic Light looks at direction from multiple perspectives.

The Traffic Light Link: https://usethinkscript.com/threads/agaig-traffic-light-for-thinkorswim.19246/

 

[peregrine]

Could you kindly mention the theory behind HiLo cloud Transition ?

 

[csricksdds]

Could you kindly mention the theory behind HiLo cloud Transition ?

These are Green/Red support/resistance areas using a 1.5 ATR and ZigZag Price High/Low giving the shaded possible change in direction

 

[jhorton56]

Vertical arrows, not horizontal?

 

[csricksdds]

Vertical arrows, not horizontal?

Are you referencing the vertical arrows that show in a horizontal line?
All vertical arrows represent trend direction

 

[IPA]

Which script paints that green cloud? I don't see it on the latest chart.

The green box. I don't show this.

 

[csricksdds]

Which script paints that green cloud? I don't see it on the latest chart.


View attachment 22711

The green box. I don't show this.

That's the Hi/Low cloud transition - sometimes it's thin and sometimes thicker depending on the transition being referenced. It shows support/resistance but in a down market it may be above current price.