You still seeing NA for UMC, I tried this before and after market of UMC in multiple timeframes, for the frames the trend is in progress, I have the target labels.here is a link showing two different tickers one I actually got to show the target labels now (BAC) and one don't show the target label at all (UMC)
################################################################
########## Assign Price Color #########
################################################################
AssignPriceColor(if paintBars and RSI >= 50 and SlowK >= 50 and Value > Avg then Color.GREEN else if paintBars and RSI < 50 and SlowK < 50 and Value < Avg then Color.RED else if paintBars then Color.WHITE else Color.CURRENT);
@SuryaKiranC any suggestions?
What Ticker are you working with and what timeframe?
Not sure what Power-X Software will look like, But floating PL is to get an idea of what the profit would be, if you were to use a said strategy in TOS.Is this last graph "FloatingPL" the same graph like in the PowerX software to check if a stock would make money with the strategy? I am still searching for a backtesting option in TOS.
I see...so I tried to copy/paste the code for the Strategy (from post #1) into TOS but I can't see any trades happening in the Upper Field. All I can see are arrows but not the entries and exits. Any hints on how to make that happen would be appreciated. Thanks!Not sure what Power-X Software will look like, But floating PL is to get an idea of what the profit would be, if you were to use a said strategy in TOS.
-S
I finally fixed the Arrows and ATR/ADR Targets to display correctly on the weekly chart. Fix ended up being simple.....Do you know how to display the arrows? I saw that that it appears on the daily chart, but not on the weekly chart.
This was adjusted in latest code.I hope @cos251 can look into the RSI / Stoch value issue. I think Markus explains that both values have to be above 50 not 50 at all. I tried to take out the = symbols but with no change in the chart. Maybe somebody else can shed some light on this issue.
@RickAns Thank you for verifying the Profit Target. That makes it pretty easy to see. Do we know which ADR was used to determine the PT? Also, I can't see an ADR value for any given day anywhere in the chart section. Any idea where I can turn it on or add some code to make it visible?
Thank you!
FYI - Still working on this onelet me know if you need any help or a guinea pig
Thank you @cos251 Will test it right awayThis was adjusted in latest code.
See first post
https://usethinkscript.com/threads/rsm-indicator-for-thinkorswim.5407/
So I was digging a little deeper since TOS still doesn't match up with the original trading method published by Rockwell on TV.This was adjusted in latest code.
See first post
https://usethinkscript.com/threads/rsm-indicator-for-thinkorswim.5407/
So, you creating a new Strategy right, not a new Study. also you would want to add float pl as a bottom study, to see the P/LThank you @cos251 Will test it right away
BTW: Do you have any clue why the Strategy code would not work after I copy/pasted it into TOS?
Yes, I create a new Strategy, paste the code from the first post under Strategy and save it. Does the strategy need a specific name? I called it RSMStrategy.So, you creating a new Strategy right, not a new Study. also you would want to add float pl as a bottom study, to see the P/L
-S
I use 3 Minutes and the arrows show up fine.I finally fixed the Arrows and ATR/ADR Targets to display correctly on the weekly chart. Fix ended up being simple.....
Please reference the first post for updated code and let me know if you find any other issues.
https://usethinkscript.com/threads/rsm-indicator-for-thinkorswim.5407/
alright, click back on studies, right there in the same screen as your Screenshot and search for Floating PL, this would be a Lower Study, add it. Your Screen should look like my screenshot. with P/L details. Also add the RSM Upper Study, if you want to see all the signals where the trade decisions are taken.Yes, I create a new Strategy, paste the code from the first post under Strategy and save it. Does the strategy need a specific name? I called it RSMStrategy.
Just looked at the code to refresh myself. @SuryaKiranC you are correct, trades are set for RTH only. We'll have to adjust and provide an option for overnight trades.alright, click back on studies, right there in the same screen as your Screenshot and search for Floating PL, this would be a Lower Study, add it. Your Screen should look like my screenshot. with P/L details. Also add the RSM Upper Study, if you want to see all the signals where the trade decisions are taken.
Lastly, Just noticed, the trades appears to be showing up in lower time frames not 1Y 1D. @cos251 or I will look in to this. Might be the strategy not to hold overnight.
-Surya
Yes, that was the problem. I always look at the 1Y 1D chart (since this is what Markus does) and the Study doesn't work that way. Thanks you both for looking into this.alright, click back on studies, right there in the same screen as your Screenshot and search for Floating PL, this would be a Lower Study, add it. Your Screen should look like my screenshot. with P/L details. Also add the RSM Upper Study, if you want to see all the signals where the trade decisions are taken.
Lastly, Just noticed, the trades appears to be showing up in lower time frames not 1Y 1D. @cos251 or I will look in to this. Might be the strategy not to hold overnight.
-Surya
Thank you very much for the update. This has helped me out immensely.I finally fixed the Arrows and ATR/ADR Targets to display correctly on the weekly chart. Fix ended up being simple.....
Please reference the first post for updated code and let me know if you find any other issues.
https://usethinkscript.com/threads/rsm-indicator-for-thinkorswim.5407/
Overnight and Swing Should be an option if the trend is not lost, I will work with you, that should give a more closer and realistic P/L outlook.Just looked at the code to refresh myself. @SuryaKiranC you are correct, trades are set for RTH only. We'll have to adjust and provide an option for overnight trades.
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