Automatic Quadrant Lines for ThinkorSwim

[chewie76]

@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...

Ah, I may just remove that from my code and have it by itself. Thanks!

 

[rad14733]

@chewie76 Ok... After looking over the code I'm wondering if the sheer number of fold() and Highest() and the other HighestAll() are causing the issue... Try replacing the other instance(s) of HighestAll() first...

 

[s1111]

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.

I was so confused lol . I have a separate priceline indicator so when I saw priceline from your script which is very leggy I thought it's for something else . Thanks for the info

 

[Ghostwar19]

May be a silly question but for your AvgType, why do use hull rather then wilders?

 

[chewie76]

May be a silly question but for your AvgType, why do use hull rather then wilders?

You can use wilders. It doesn't matter. It doesn't change the results.

 

[tem2005]

there are cases where when price goes against the arrows direction the arrows disappear, i don't know in this case if its a stop loss or the previous signal is considered again valid. another case is sometimes price breaks out or down the lines entries, arrows is still not showing so what you guys think whether this is an entry even no signal shown or no trade considered?

 

[Ghostwar19]

there are cases where when price goes against the arrows direction the arrows disappear, i don't know in this case if its a stop loss or the previous signal is considered again valid. another case is sometimes price breaks out or down the lines entries, arrows is still not showing so what you guys think whether this is an entry even no signal shown or no trade considered?

I wouldnt look at the arrows, always look at price and how it reacts with the lines.

 

[meyh3m]

this indicator is good to know where price is headed or will stop dropping at. but you will need to acquire proper knowledge of price action to effective apply this especially on choppy days

 

[vighnaraj]

Hi,

Could you please post the script to color the candles the way you show it on your chart with the meaning of each color or the criteria for painting the candles red versus yellow, green etc?

 

[chewie76]

Hi,

Could you please post the script to color the candles the way you show it on your chart with the meaning of each color or the criteria for painting the candles red versus yellow, green etc?

That's a paid indicator.

 

[MatthewA]

@chewie76
Wow! Just Wow!
As usual you create something similar to my thoughts!

I have some ideas to combine this and you Fib lines into an intelligent Ewave, Wolf Wave, Harmonic that can be confirmed or challenged by order flow...
I will contact you on discord

 

[tem2005]

I wouldnt look at the arrows, always look at price and how it reacts with the lines.

because arrows give more confidence where prices do breakout the entry line. what if price goes above the line without arrow and it pullback? then in here i believe it is right not to get in when price went above that!

 

[tem2005]

@chewie76 many thanks for this indicator, its really the most promising one i have ever seen till now.

 

[tem2005]

has anyone run scanner for up down arrows?

 

[vloqnam]

Can you please show how to scan for S1 in first bar alert? i tried to set up S1 is true but not work the way i want.

 

[chewie76]

Can you please show how to scan for S1 in first bar alert? i tried to set up S1 is true but not work the way i want.

Not sure since it will appear for each bar that is lower than the previous S1 bar.

 

[max]

@chewie76 Ok... After looking over the code I'm wondering if the sheer number of fold() and Highest() and the other HighestAll() are causing the issue... Try replacing the other instance(s) of HighestAll() first...

@chewie76 did you make any code updates after that comment or not? thanks!

 

[chewie76]

@chewie76 did you make any code updates after that comment or not? thanks!

Nope. I tried, but couldn't get anything else to work.

 

[FreefallJM03]

This is working really well with low float stocks. I tried it in the /CL (oil futures) but the wild swings, likely from HFT trading, made it a lot more unpredictable. So, I went back to low float stocks where it has been working phenomenally. I use it in conjunction with a few other indicators that help confirm the moves. If they disagree, then I stay out. If it starts moving up, then there is a divergence, I take the guaranteed profit rather than risk the reversal wiping out gains. If the position has moved up enough I might take a half position profit, then move my stop up to just above entry (ATR dependent) and let the rest ride to see if it can still muster the strength to move up to the intended target. Some of the targets look very far off on some, but I haven't tried any of those trades to see how it will work. On my swing trades I've been getting around 8-22% and around 2-4% on a day trade. The ones I'm referring to with the really long targets are probably well above 40%, but I've often seen those pop up after I've already entered one or two trades. I don't like having too many trades going at once. I usually will limit myself to four trades at any given time, but only one day trade, no more than two shorter term trades that I suspect will make their marks within 10 days (daily chart), and one longer term trade of more than 3 weeks (weekly chart).

 

[Tuna7020]

@FreefallJM03 Which other indicators do you use this with ?