Repaints Black Dogs-Elliot Wave Strategy For ThinkOrSwim

[Jack_b]

Tried it on SPY and AAPL today, you absolutely cannot use this without moving averages, and other indicators. The Long / Short signals move as you are trading, and change / disappear depending on the MA and other changes in the market as you scalp.

The signal tries to emerge before the MA crosses over - but the situation may change before it materializes.

Personally I think using the 5 , 13 period exponential MA and the cross overs is a little more reliable.

 

[SteveB]

Excellent! Thank you!

 

[SteveB]

Hi everyone. I just put this set up together today. Traded it sporadically throughout the day and made $363.00 . Was paper trading two /MNQ contracts.
If you have success with this set up, please let me know. Hope it helps! Here is the share for the chart : http://tos.mx/ZkwDeUU

This is really great. thanks. Can you tell me the details of the indicators you use? Thanks

 

[Hoxton]

@rip78 Thanks for the elliot wave strategy and chart, would you mind resharing the TOS link after your last code changes? Think the link you shared in the original message is out of date.

I got it working but want to see if we're seeing the same thing.

Much appreciated. Cheers

 

[bmn]

When I make the candles as HeikenAishi, the wicks disappear. How do I modify the Elliot wave study, so the wicks appear even on HA candles?

 

[csricksdds]

As a Trend Arrow Lover I took out everything but the arrows. I hope that is OK. Here is the code with only the direction arrows:

# posted to [email protected] - 11/28/2012
# this study was also found on thinkscripter.com circa 11/2013
# author : unknown ( possibly David Elliot, Eric Purdy, or Mobius )

input BreakArrows = yes;
input ShowAlerts = yes;

input price = close;
input displace = 0;
input length = 10;
input Num_Dev_Dn = -0.8;
input Num_Dev_Up = +0.8;
def lastBar = if (IsNaN(close), 1, 0);
def sDev = stdev(data = price[-displace], length = length);
def MidLine = Average(data = price[-displace], length = length);
def LowerBand = MidLine + num_Dev_Dn * sDev;
def UpperBand = MidLine + num_Dev_Up * sDev;
def MoboStatus =
if close > UpperBand then 2 # Mobo Up
else
if close < LowerBand then -2 # Mobo Down
else 0 ; # between the bands
rec BreakStatus = compoundValue(1,
if BreakStatus[1] == MoboStatus or MoboStatus == 0 then BreakStatus[1]
else
if MoboStatus == 2 then 2
else -2, 0);

plot BreakOutArrow =
if BreakArrows then
if BreakStatus[0] == BreakStatus[1] then double.NAN
else if BreakStatus[0] == 2 then
close else double.NAN
else double.NAN;
BreakOutArrow.SetPaintingStrategy(PaintingStrategy.Arrow_Up);
BreakOutArrow.SetDefaultColor(Color.Red);
BreakOutArrow.SetLineWeight(3);
plot BreakDownArrow =
if BreakArrows then
if BreakStatus[0] == BreakStatus[1] then double.NAN
else if BreakStatus[0] == -2 then
close else double.NAN
else double.NAN;
BreakDownArrow.SetPaintingStrategy(PaintingStrategy.Arrow_Down);
BreakDownArrow.SetDefaultColor(Color.Green);
BreakDownArrow.SetLineWeight(3);

 

[btran99]

On the original script how to adjust code so that the breakoutarrow/breakdownarrow are display above or below the candles?