Automatic Quadrant Lines for ThinkorSwim

[meyh3m]

@chewie76 i been trading for awhile now and just finding about thinkscripts. besides the custom volume i dont use any. I must say this quandrant line was very astounding. great work on this

 

[s1111]

@chewie76 Thank you so much for your hard work and to share with the community. I'm using your script on a 30 and 1 hour chart to view target but I trade on a 2-minute chart for scalp. It was on point !!

Quick questions
Cyan line= what does it represent ?
Yellow line= What does is represent?
Seems like support and registant ?

Thanks in advance
Stay humble stay blessed

 

[jtrain252]

does this reset once it hits the target ?

 

[chewie76]

@chewie76 Thank you so much for your hard work and to share with the community. I'm using your script on a 30 and 1 hour chart to view target but I trade on a 2-minute chart for scalp. It was on point !!

Quick questions
Cyan line= what does it represent ?
Yellow line= What does is represent?
Seems like support and registant ?

Thanks in advance
Stay humble stay blessed

Cyan is the 75% line, yellow is 50%.

 

[vloqnam]

Can you show how to scan if price cross above the Long entry please?

 

[sunnybabu]

@chewie76 thank you for this code. Is it possible to build a strategy out of it and see the p/l please?

 

[chewie76]

does this reset once it hits the target ?

It resets on a pullback.

@chewie76 thank you for this code. Is it possible to build a strategy out of it and see the p/l please?

Should be possible, I have not built them before.

 

[chewie76]

Can you show how to scan if price cross above the Long entry please?

Here is an example of a daily scan for up arrow. http://tos.mx/hkEJN7i

 

[tosman]

@chewie76 I just downloaded this script and it looks very promising. Can you please let me know the difference between the Long Entry vs the green up arrow? In other words, at which point is it good to make a (long) trade?
Also, how many days is the price expected to reach the Long Target?
If I see a Short Entry before the stock reaches the Long Target, then is it time to exit?
Thank you very much.

 

[chewie76]

@chewie76 I just downloaded this script and it looks very promising. Can you please let me know the difference between the Long Entry vs the green up arrow? In other words, at which point is it good to make a (long) trade?
Also, how many days is the price expected to reach the Long Target?
If I see a Short Entry before the stock reaches the Long Target, then is it time to exit?
Thank you very much.

Long entry and green arrow are the same. Take the trade at the long entry. There is no guarantee price will hit the long target, so you have to monitor the trade. I would set a stop loss to protect any profits. If it drops below the long target, get out of the trade.

 

[Pepsi562]

Is it normal to have incredibly long load times??

And, for futures should Globex/over night data be used or just the cash session?

 

[Tuna7020]

Long entry and green arrow are the same. Take the trade at the long entry. There is no guarantee price will hit the long target, so you have to monitor the trade. I would set a stop loss to protect any profits. If it drops below the long target, get out of the trade.

Thanks for this Chewie. Will this work with options trading as well? Taking into consideration ‘time decay’. Just trying to know where to put stop losses. Was thinking below L/E

 

[chewie76]

Thanks for this Chewie. Will this work with options trading as well? Taking into consideration ‘time decay’. Just trying to know where to put stop losses. Was thinking below L/E

I have not checked if it works on option charts. On a stock chart, if it goes below the L/E, then that's a good stop loss. I prefer to sell options instead of buying them.

 

[chewie76]

Is it normal to have incredibly long load times??

And, for futures should Globex/over night data be used or just the cash session?

I use extended trading sessions. I don't experience long load times.

 

[s1111]

@chewie76 I am learning about your script and it's a great script. Quick question about Priceline, I see it moves up and down. What does it represent?
Thank you

 

[chewie76]

@chewie76 I am learning about your script and it's a great script. Quick question about Priceline, I see it moves up and down. What does it represent?
Thank you

Supposed to be price level. It works well on the mobile, but the desktop looks delayed. TOS has some issue with how the code works.

 

[rad14733]

Supposed to be price level. It works well on the mobile, but the desktop looks delayed. TOS has some issue with how the code works.

Yeah, it lags terribly due to HighestAll()... I disable the plot and just use the Line At Price code from Mobius which is here in the forums... It may not span the entire chart but I don't really need it to...

 

[chewie76]

Yeah, it lags terribly due to HighestAll()... I disable the plot and just use the Line At Price code from Mobius which is here in the forums... It may not span the entire chart but I don't really need it to...

I added Mobius's alternative to one of my fib indicators since both long and short are using it and I'm getting the exact same result.

 

[chewie76]

Odd... I added it while I still had the original in place and the original stayed motionless while the alternate was moving with price action... Notice the lime colored line from the alternate...

I'm using this code with an input barsback. What am I doing wrong?
def c2 = if !IsNaN(close) and IsNaN(close[-1])
then close
else c2[1];
plot priceLine = if isNaN(close[-barsBack])
then c2[-barsBack]
else Double.NaN;

 

[rad14733]

@chewie76 Yeah, I just pasted the code I use into your study and it also lags while my external priceline continues to move... That tells me there is some inherent lag in the study for some reason... It can't be just that code that is lagging, or at least I wouldn't think it could be... Interesting...

Edited at add: And those are the only two indicators on the chart...