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

nktkobby

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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)
WOW, WOW WOW @BillMurray. Tried this on AMC after reading it last night, it was like magic. Thanks a Billion, lets goooooo.....
 

Pensar

Well-known member
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Thought I might share a slight edit to @mashume's normalized version of DDT's Favorite Indicator. I've had this for a while. Rather than adjusting your chart timeframe to a certain length ( such as @BillMurray did in his shared grid ), you can now adjust the indicator length instead. Please note that this will NOT fix the repainting/expanding of the AccumDistBuyPr indicator, it simply limits the plot. As an example, it allows you to use a 5-year chart with a 3-month AccDist plot.

Code:
# Deaf Day Trader's Favorite Indicator Combo
# Link to DDT's method -
# https://onondigi-my.sharepoint.com/personal/bill_photosbybillmurray_com/Documents/DeafDayTrader/MyFavortieIndicator.pdf
# DDT's method shared by BillMurray @ usethinkscript.com
# Mashume - Created a single indicator by normalizing StochasticSlow() and AccumDistBuyPr() into same pane
# Pensar - limited number of bars used in AccDist

declare lower;

input number_of_bars_to_use = 52;

def data = if close > close[1] then close - Min(close[1], low) else if close < close[1] then close - Max(close[1], high) else 0;

def AD = if isnan(close[-number_of_bars_to_use]) then TotalSum(data) else double.nan;
plot AccDist = (AD - lowestall(AD)) /(highestall(AD) - lowestall(AD));
AccDist.SetDefaultColor(GetColor(1));

def stoch = StochasticSlow("over bought" = 100, "over sold" = 0, "k period" = 14, "d period" = 1).SlowD;

plot SlowD =  (stoch - lowestall(stoch)) /(highestall(stoch) - lowestall(stoch));
SlowD.setdefaultcolor(color.red);

plot one = 1;
plot zero = 0;

# end code

 
Last edited:

upsignal

New member
VIP
When you say do no
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)
t zoom it, you mean like you cannot even adjust the settings on the chart to view the candles? if i do anything beyond 3 days (5mins 1hr, etc.), it's hard to see the candles or the price action. thanks for your feedback
 

nktkobby

New 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 sharing... @BillMurray. Do you have a scanner the picks the bottom on a day time frame
 

DeepThinker

New 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)
@BillMurray Thank you for sharing this !!! If it s not too much trouble, could you share the scanner for setting up the watchlist for this indicator
Thank you in advance
 

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