Archived: TMO True Momentum Oscillator

[tenacity11]

These are the archived posts for the TMO. The current thread can be found:​

https://usethinkscript.com/threads/tmo-true-momentum-oscillator-for-thinkorswim.9413/​

@markos This looks like a good fit with the RSI Laguerre. Definitely worth testing. Thanks for the heads up on the combo.

 

[markos]

@markos
This looks like a good fit with the RSI Laguerre. Definitely worth testing. Thanks for the heads up on the combo.

@tenacity11 you're welcome. My mods to the indicator are swapping the red/green ob/os lines. I like green on top because if the stock is moving up, it will be in the green. Because I use this on daily and weekly charts, for me, I use 21,5,3. I don't recommend anyone changing that on less than daily, imo. Markos

 

[tenacity11]

@markos When using the trend Momentum and the RSI Laguerre do you use regular candles or heiken ashi? I'm wondering since heiken ashi is lagging if it would make a difference or if the parameters would need to be changed.
thanks

 

[markos]

@tenacity11 If I am able, I'll reshare my main chart later tonight. Hieken Ashi with SlimRibbons with lots of color.... bad eyes. Heiken ashi don't actually lag but people can debate that; Whether I use Bars, Candles or HACandles, the indicators math/parameters are kept the same. (EDITED by me >>) Oops, I may have spoke to soon, need to check later but I think RSILg I never change but the TMO should match the chart's time frame...... more later.

 

[tenacity11]

@markos. thanks. I really like heiken ashi smoothness but getting used to what I think is lag of price will take some getting used to.

 

[markos]

I edited the post above but I need to check the code to see if MY TMO is set to time periods or actual days.
@tenacity11 switch your chart between an HAshi and a bar chart and look closely at the little amount of difference there is and then see if that is important for you at the time frames you choose.

You must be able to believe in your system in order to pull the trigger to get in and out without 2nd guessing.

 

[markos]

@tenacity11
I am going to share my daily chart and my short term chart, therefore, the individual codes for the studies will not be posted but in the chart itself.

• Please note that the daily chart has candles and the 30 day 1 hour chart is a Heiken Ashi.
• About time frames: the TMO on the 30 day chart changes with the chart and there is no need to adjust anything. The same goes for the RSI Laguerre on any chart.
• Please note that the daily chart has both a daily and weekly TMO and if you use that particular study, you will need to change the Agg to match your chart.
• The colors of the candles and volume bars are controlled by the Slim Ribbon study. Those colors are in the color bar tab of the settings.
• Also, if you minimize the plots, you will see alarm settings. Turn on or shut them off here so that you do not have to comment anything out.

 

[tenacity11]

@markos This was tremendously helpful being visual. I initially changed the W to 21,5,3 as you had originally suggested so I put the W with the 14,5,3 code underneath and it appears the 21,5,3 is smoother. Any particular reason you use candles on the daily and heiken ashi on the smaller time frames?I definitely see the worth of the gamma FE with the TMO

 

[tenacity11]

I have to make an adjustment to the observation on the 21,5,3. I had it on regular candles(W) but when I put it on heiken ashi the 14,5,3 was a better fit.

 

[MBF]

Marcos, I have a question. When I open this it opens in a separate window in TOS. When I close out, how do I reopen it into my main screen in TOS? I've seen this type of sharing a lot but never knew where to find it to switch over. Thanks!

 

[markos]

@MBF welcome back! In my mind, this is the best way to share.
When it is open, click Style, Save Style, Give it a name you will remember e.g. 1Y1D719, Check the box to Include Patterns and Study sets, and save it. To open it, click Style, Load Style, and load the file with the name you just saved.
Doing that will save all of the studies that are on the chart in the same form as presented. Hope that helps, Markos

 

[MBF]

Thank you so much Marcos! Finally understand. Much wine for you!

 

[markos]

@markos This was tremendously helpful being visual. I initially changed the W to 21,5,3 as you had originally suggested so I put the W with the 14,5,3 code underneath and it appears the 21,5,3 is smoother. Any particular reason you use candles on the daily and heiken ashi on the smaller time frames?I definitely see the worth of the gamma FE with the TMO

Hi @tenacity11 Concerning your question about the candles and the HA on the one year VS 30 day: there is no particular reason, I posted that way so that the difference could be seen.

I rarely use Candles, having been trained on Bar charts. My one year chart I use bars on and the 30 day I use HA, just because… I'm different.

With the TMO, when using the original as shown on the 30 day chart, there is no Agg to change, my suggestion is 14, 5, 3 because that's the way Mobius created it. My understanding is that's what he uses all the way down to five minute charts.

Here is a video from the slim ribbon creator: https://askslim.com/slim-ribbon/

 

[markos]

@tenacity11 I have made edits all the way through this thread. Please read from the top, sorry for the extra reading.

A number of questions: have you had a platform tour? Have you been to MyTrade on ToS? If you have not had your tour, please schedule one by clicking the support button at the top. Have 10 questions specific to what you want to know.

 

[tenacity11]

@tenacity11 I have made edits all the way through this thread. Please read from the top, sorry for the extra reading.

A number of questions: have you had a platform tour? Have you been to MyTrade on ToS? If you have not had your tour, please schedule one by clicking the support button at the top. Have 10 questions specific to what you want to know.

I have had a platform tour and have seen My Trade but have never used it.

 

[markos]

I have had a platform tour and have seen My Trade but have never used it.

Glad you had your tour, I asked because after four years of using ToS, I just got an email asking me if I wanted a tour!

I have posted quite a few things to MyTrade, I follow other traders there for some of the brainstorms they post. MyTrade.com works well, so one doesn't tie up ToS.

 

[tenacity11]

Glad you had your tour, I asked because after four years of using ToS, I just got an email asking me if I wanted a tour!

I have posted quite a few things to MyTrade, I follow other traders there for some of the brainstorms they post. MyTrade.com works well, so one doesn't tie up ToS.

I searched for you in My trade but found nothing. Also tried to search for the Trend Catcher for Heikin Ashi but found nothing. I wish I had better skills in coding so I wouldn't have to bother anyone for help.

 

[markos]

@tenacity11 In MyTrade, when you put a name in the search, it often comes up blank.
Click people, which should be the top, grey choice, I should be in there.
It's not intuitive. But it does have hidden gems....

 

[tenacity11]

@tenacity11 In MyTrade, when you put a name in the search, it often comes up blank.
Click people, which should be the top, grey choice, I should be in there.
It's not intuitive. But it does have hidden gems....

Found you and indeed some really good gems

 

[horserider]

@markos Thanks for sharing your setup. Very nice. Particularly like the aggs on TMO.