Repaints B4 Balanced BB Breakout For ThinkOrSwim

[Chuck]

@Joseph Patrick 18 ,@barbaros ,@diazlaz ,@cos251 ,@rad14733 , I just updated the 1st page of this post...Could you guys look it over. Let me know if I need to add to the instructions. I might update it with screenshots later. barbaros, make sure I used the right terminology for the parts of the indicator. And if you guys use it differently or see a better way, please let me know.

 

[Joseph Patrick 18]

@Joseph Patrick 18 ,@barbaros ,@diazlaz ,@cos251 ,@rad14733 , I just updated the 1st page of this post...Could you guys look it over. Let me know if I need to add to the instructions. I might update it with screenshots later. barbaros, make sure I used the right terminology for the parts of the indicator. And if you guys use it differently or see a better way, please let me know.

Sure np!

 

[Joseph Patrick 18]

@barbaros,

Before I show screenshots on how to use this .....Check This out. Notice the support and resistance lines and how they line up exactly at 0 and 100. ... this is ....:
"# Fractal Pivots with Trend Lines
# Mobius
# V01.08.2012....."

Added to the script. It shows exactly where you are coming from and where you are going. I have it only overlaid for now.....But might make a nice addition. What are your thoughts.

https://imgur.com/a/zWk82wB

The Fractal Pivots are spot on!!

https://imgur.com/BLgvGXU

 

[tem2005]

For example, MACDBB dots can go green and can stay green for a few candles, but the actual price may be moving down.

You should check out what this indicator is made from. It is a combination of a few indicators. Here is a small overview:

• Market Forecast: label in the lower chart
• MACDBB: trend label, dots and band you see in the lower chart
• MACD: histogram in the lower chart
• RSI IFT or Balance of Power: vertical lines in the lower chart
• RSM: candle colors in the upper chart, it is made from MACD, Stoch and RSI

So the arrows in the indicator are from RSM study? And vertical lines are either BB or RSI inverse?
Then best use should be based on one's choice in conjunction with macd dots to confirm the entry?

 

[barbaros]

Guys, I'm debating of removing the PnL in the next release. It is currently only for a small portion of the indicator and seems to misleading of overall performance. Also, I'm adding arrows and alerts for all conditions matched.

 

[barbaros]

@Joseph Patrick 18 ,@barbaros ,@diazlaz ,@cos251 ,@rad14733 , I just updated the 1st page of this post...Could you guys look it over. Let me know if I need to add to the instructions. I might update it with screenshots later. barbaros, make sure I used the right terminology for the parts of the indicator. And if you guys use it differently or see a better way, please let me know.

@Chuck Thanks for updating the first post. You probably should wrap the code in "CODE" block. Also, the PnL calculation is not any time frame locked, so it is not day 1. It is based on Bar Number 1. It will work in any time frame...but also my previous post.

 

[Chuck]

@Chuck Thanks for updating the first post. You probably should wrap the code in "CODE" block. Also, the PnL calculation is not any time frame locked, so it is not day 1. It is based on Bar Number 1. It will work in any time frame...but also my previous post.

Thanks Barbaros.

 

[Chuck]

Guys, I'm debating of removing the PnL in the next release. It is currently only for a small portion of the indicator and seems to misleading of overall performance. Also, I'm adding arrows and alerts for all conditions matched.

An arrow and alert when all conditions match will be awsome

 

[joe362]

BB Breakout

https://imgur.com/a/8vlSYRm

@Chuck , @barbaros

I love to see my indicator simple like this, Can you send me the indicator code for that study?

 

[barbaros]

An arrow and alert when all conditions match will be awsome

Almost done. I'll be running it tomorrow live to test, and hopefully take some trades.

 

[barbaros]

Almost done. I'll be running it tomorrow live to test, and hopefully take some trades.

Sneak peak shown with /ES...Arrows for entries that combines all methods in this indicator.

So, I added Fibonacci based Super Trend. Lets see how you guys like this.

Bar Colors and Bull/Bear direction have it as an added option.

Also, alerts for entries...no exits yet, but soon.

 

[Splinter]

Thanks you all so much for your hard work!

 

[HuskeyTN]

@barbaros Nice! Thank you all for hard work!

 

[Joseph Patrick 18]

Appreciate all the hard work looks great!!

 

[414Dom]

I've been testing this using Fibonacci retracements as S/R. Very good.

 

[agorena123]

Great work! 3 winning trades so far with the indicator so far on 5m and 30m time frames! (running along with 8 34 ema's).

 

[barbaros]

Great work! 3 winning trades so far with the indicator so far on 5m and 30m time frames! (running along with 8 34 ema's).

Are you running the 5m and 30m side by side? Are you guys finding that MTF analysis works well?

I have traded it on 2m and recently started looking at 10m.

 

[Tripod-2020]

Great job.....What is the post number that has the latest version that also contains the Fibonacci based Super Trend...I have been loading this every time a change was made. And it is a great piece. Thanks to everyone that that help create it.

 

[barbaros]

Great job.....What is the post number that has the latest version that also contains the Fibonacci based Super Trend...I have been loading this every time a change was made. And it is a great piece. Thanks to everyone that that help create it.

We have not released it yet. I am running a beta right now. I have a few more tweaks before release. Probably next week.

 

[Tripod-2020]

We have not released it yet. I am running a beta right now. I have a few more tweaks before release. Probably next week.

Thanks for the update and all the work you guys have put into this..