Bill Murray Indicator: A wonderful, simple, top and bottom intraday signal for ThinkOrSwim

navi0512

New member
Thanks a lot @BillMurray I really liked your setup. I contacted you via discord. I have one question, how do you search for stocks to trade? Can you please share some screenshots and watchlist setup.
 

wtf_dude

Active member
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their ass off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)
MAN, I completely forgot about that DDT setup. Really good signals with it, may have to look at bringing back into my grid.
 

Thomas

Active member
VIP
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their ass off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)
Thanks for posting a somewhat simple solution to the "HolyGrail," it unclutters my chart tremendously. I understand you're trading futures, short time frames,....what I am curious about is,......is this indicator best for futures only, short time frames, and observing Acc/Dis to touch tops and bottoms of the time frames, using my daily chart, it touches tops and bottoms of that time frame.....when the unZOOMED indicator touches a top or bottom, will it always move in the opposite direction without a reversal to the touched area, will it continue in opposite direction until it touches before a reversal in other direction????? Reading it is based on higher/lows/Highs,...... If this is so,.....trades taken in the direction after a touch can play out with extreme confidence?
 
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tem2005

Member
VIP
Hi All, I see this has been getting some interest, so I though to revisit with some more information.

1. THIS is what I use. My grid for this. http://tos.mx/wma35PP (I replace RSI with CCI, I like CCI better)

2. THIS is DeafDayTrader's (Jimmy's) PDF. MyFavoriteIndicator.pdf

3. This is a screenie of email back and forth between DDD and I. You'll notice that it's important to NOT ZOOM THE CHART to get a valid entry signal. https://onondigi-my.sharepoint.com/...hDuxpQ_XXFowYB3wzRyOL0GwkByi5dsI1K_Q?e=SYXaVw

I appreciate that most here want to "automate" things by coding their ass off. But, if you NARROW YOUR FOCUS and CONCENTRATE on just a couple things to trade, block out all the noise, you'll do much better than trying to reinvent the wheel.

I can sit and trade SPX all day, every day, using this and make a substantial income from it with this very simple setup.

Don't overcomplicate your trading. TTFT (take the f***ing trade) and manage it properly. That's all there is to it.

(edit - replaced the PDF link)

Thank you for sharing. Looks good setup. Is it possible to add arrows up and down to help?

I'm tagging @cos251 also here. He's a good coder too.
 

tem2005

Member
VIP
@we29125 Sorry being too long, Have you noticed any repainting or delay printing the arrows? What timeframe do you like the best? Are there alerts for arrows?
 

aj1412

New member
@BillMurray, thanks for sharing this work. PDF link shows error. Could you please share the working link?

Edit: please ignore my previous message. The link provided in another thread is working. thanks for sharing this work.
 
Last edited by a moderator:

JWH

New member
VIP
@Playstation I learned of that combo from a trader on twitter named https://twitter.com/deafdaytrader . He passed away late last year. He was an older guy, and was REALLY deaf. I bought his PDF for 10 bucks long ago, and it changed my trading life forever. I learned that little system, tweaked it to my liking. His english was not that good, but in countless email exchanges with him back and forth, I learned the nuances of his thinking and the way he looked at the setup. Most importantly. DO NOT ZOOM It will catch tops and bottoms with incredible, spooky, accuracy.

I use the flexible grids below quite a bit. The first is for intraday. The 2nd is for swings.

https://tos.mx/0qXMaIh - Flexible Grid - INTRADAY - Reversal. - You'll note that each time frame is set to 2 days and their timeframe. DO NOT zoom.

https://tos.mx/7wNIPbV - Flexible Grid - SWING TRADE - Reversal - This is meant for swing trades. Pretty much flawless. Weekly is best for me here.

FWIW, and being that the man has passed, I've put a link to his PDF below. (I have it in my OneDrive). He was a genuine, helpful, successful small trader. He scalped the hell out of SPX daily using this system. Just small grabs on the trades he did. I use it on everything, it's an equal opportunity system. It just works.

My Favorite Indicator - DeafDayTrader
@BillMurray: I'm unable to open this link. Is it still good?
 

JWH

New member
VIP
Thank you.. I was only having a problem with the OneNote link, and I found another post later in the stream which worked. All of the indicators are downloading with no issues. Thank you both for the feedback.

@BillMurray if you see this, please ignore previous post from me regarding the book.
 

MJK3536

New member
VIP
@Playstation I learned of that combo from a trader on twitter named https://twitter.com/deafdaytrader . He passed away late last year. He was an older guy, and was REALLY deaf. I bought his PDF for 10 bucks long ago, and it changed my trading life forever. I learned that little system, tweaked it to my liking. His english was not that good, but in countless email exchanges with him back and forth, I learned the nuances of his thinking and the way he looked at the setup. Most importantly. DO NOT ZOOM It will catch tops and bottoms with incredible, spooky, accuracy.

I use the flexible grids below quite a bit. The first is for intraday. The 2nd is for swings.

https://tos.mx/0qXMaIh - Flexible Grid - INTRADAY - Reversal. - You'll note that each time frame is set to 2 days and their timeframe. DO NOT zoom.

https://tos.mx/7wNIPbV - Flexible Grid - SWING TRADE - Reversal - This is meant for swing trades. Pretty much flawless. Weekly is best for me here.

FWIW, and being that the man has passed, I've put a link to his PDF below. (I have it in my OneDrive). He was a genuine, helpful, successful small trader. He scalped the hell out of SPX daily using this system. Just small grabs on the trades he did. I use it on everything, it's an equal opportunity system. It just works.

My Favorite Indicator - DeafDayTrader
I couldn't get the file to open - is there another way to share this?
 

JWH

New member
VIP
I couldn't get the file to open - is there another way to share this?
I believe the problem is coming from the original post, which is what I tried.

@MJK3536 - I had a similar question above. Look higher up on this page where another post from Bill is referred to by both tem2005 and Thomas, on December 23 and December 24, 2020 with the emphasis THIS on the link. Click on that link and you'll be able to get it.
 

barbaros

Well-known member
VIP
@BillMurray shared his grid to VIP channel, and please let me know if you do not wish to continue this request.
So what was shared was the combination of 2 very simple TOS default indicators:

AccumDistBuyPr (default settings)
StochasticSlow (OB100, OS0, K14, D1)

The results were frankly quite amazing. It can pick the top and bottom very well. When the AccumDistBuyPr line hit the StochasticSlow 100% line, it signals the absolute top, and if it hits the 0% line, it signals the absolutely bottom.

Therein lies 2 problems.

a) Being a noob, I tried to combine the scripts so that I can use on mobile. However, the results were....disastrous. The 100% line became stretched to unlimited OB.

b) On desktop, I manually dragged the 2 indicators to lower charts. It works well when zoomed out, and you can see the top hit 100% (bounded).

psuqpNJ.png


However, as I zoom in, it became skewed somehow, and it didn't hit 100%.

Wp2IK0m.png


Many times, I zoom in the charts due to my intraday scalps. Is there anyway to make the AccumDistBuyPr not skewed or in other words, ensure the zoom in and zoom out points are the same? And if there needs to be a new script, can some kind soul make this so that on mobile, the range is bounded to 100% and 0%? Or, with arrows even better for scans on low TF.
It seems like the values of these indicators are not the same units.
 

floydddd

Active member
and that's why the op and DD said to never zoom. pick a length and stick to it ... and then watch for repaints, which will appear like magic and make the indy seem like magic, too. good luck out there!
 

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