blackFLAG FTS - SwingArm Trend Indicator using ATRTrailing Stop and Fibonacci Retracements

[technicallydreaming]

@technicallydreaming I like the looks of this! Can you share please.

Also, just out of curiosity, is it possible to remove the S2,S3,S4, R1, R2, R3, etc, and only keep the long and short bubbles? The reason why I ask is that I plan to use this with two time frames overlapping each other like everyone else is doing but im not sure is it will be too much clutter with all the extra support and resistance bubbles. Have you tried using this with two time frames on top of each other yet?

@murkr yes the long & short bubbles are actually included in Jose's first post in this thread. They are labeled "blackFLAG_SwingArm_ATR_TREND_With_Trigger" I only changed the wording from Buy & Sell to Long & Short , because I like those words better haha, no other reason.The S2,R2, etc bubbles are a separate indicator. I stopped using the overlapped 5 min timeframe's becuase I did not find it to be worth it considering how cluttered the chart was looking on my small Surface go screen

Here is my current chart setup just in case you want to check it out! https://tos.mx/uL9Cly5

@DDW You are most deff right about the TMO. Great entry's and filtering of most Swingarm false signals. I have discontinued use of the SMA's now because of it. Having spent more time studying, I realized they performed somewhat poorly in a volatile market anyways. Do you use the Default setting on the TMO?

Still thinking about an exit indicator that is not too sensitive to the market flow. I believe it is best done organically with previous resistance levels and your "gut" feeling, but I am open to all idea's!

 

[ribitzki21490]

@ribitzki21490 Not enough data. Extend the timeframe to like 30D 1m and see if that fixes the issue.

Worked with 10D 1m! Thank you!

 

[GGC]

I have set-up scans for bullish and bearish swingarm breaks, now I would like to make a change so that the scans show all of the tickers that have gone bullish or bearish within the previous n bars. Does anybody know how to do that? Thanks!

 

[BenTen]

@GGC By adjusting the within X bars value in the scanner's setting.

 

[GGC]

Any way you can show me a picture on how to do it? In the past I have adjusted that in the "condition wizard" within the scan, however I am not able to do it with the swingarm buy or sell studies. Do I have to add something in the study script? Thanks!

 

[DDW]

@technicallydreaming Yes default settings on TMO work great on all time frames

 

[GGC]

@technicallydreaming Yes default settings on TMO work great on all time frames

How are you using the TMO filter? You take a bullish trade only if you have say a bullish cross from oversold levels? Or you take a swingarm bullish trade if the TMO line is green? Thanks!

 

[DDW]

How are you using the TMO filter? You take a bullish trade only if you have say a bullish cross from oversold levels? Or you take a swingarm bullish trade if the TMO line is green? Thanks!

I'm only looking for momentum to be in alignment with the swingarm signals, not necessarily at oversold/overbought levels, when entering a swingarm trade.

 

[murkr]

Can someone please post a screenshot of the area in the chart where you can set one time-frame over the other so that they are overlapping. I don't want to accidentally change settings I shouldn't touch.

for example a 1-min and 2-min together.
Or a 2min and a 30 minute together.

 

[IThinkImLost11]

@technicallydreaming Yes default settings on TMO work great on all time frames

Is the TMO the standard TOS version or do we need to import a script

 

[GGC]

Is the TMO the standard TOS version or do we need to import a script

you can find the TMO code here: https://usethinkscript.com/threads/true-momentum-oscillator-for-thinkorswim.15/

 

[[deleted]13]

@henry1224 Hi Henry, I was taking a look at this and it generates an error.

 

[BenTen]

@fjr1300 The code is fine, I was formatting the post and messed it up. Take a look at that code again.

 

[TOSTrader]

@BenTen getting an error on @henry1224 code as well. I created a new study with it and it doesn't do anything. I appended it to the existing study created by @fjr1300 and it doesn't work either.

Can you tell me how to use it?

 

[BenTen]

@TOSTrader What was the error? The version from @henry1224 include MTF (multi-timeframe), so you would have to adjust the aggregation period within the indicator's setting first, or else it will not display anything.

 

[henry1224]

Here is my 6 Grid workspace

https://tos.mx/zRYXb46
I will warn you you will need a lot of monitor and a ton of memory

Here is a Daily Chart

https://tos.mx/v8Ji6Md
Here is the 4 hour Chart

https://tos.mx/WFLJAwC
here is the 2 hour chart
https://tos.mx/1BUg3Nk
Here is the 5 min Chart
https://tos.mx/nMmpYHT
Here is the 30 min Chart
https://tos.mx/n5frTQY
Here is the 1 hour Chart
https://tos.mx/zzIm9Nh

 

[chewie76]

Adding the 50% zone defeats the purpose of the strategy. The goal is to force the price to come to you to a location with a higher probability of success. You are now coming to price by using the 50% level. Take the time to study before making assumptions and changes without understanding what is that the tools do for you and why. Good luck and enjoy the journey.

fjr1300, I'll explain why I look at the 50% fib line. I don't think my explanation was clear earlier. In this picture of /MES, the price initially breaks higher and it is bullish. It comes down to the green 50% line 6 times in this example and continues to make new highs. This indicates a strong bullish trend. You would never capture this bullish trend because in these examples it never came into your zones. I would see that it used the 50 or 38 as support and keeps hitting new highs. I would use a scalping strategy and capture the upside. Take a look at the 6 times this occurs that are highlighted with yellow arrows and the continuation move up in orange arrows. This is on a one minute chart. This is why I like to see all the fib lines. I still will buy when it gets into your lower zones, but if it doesn't go further than the 50, it tells me it has the strength to hit new highs. Thanks!

 

[[deleted]13]

fjr1300, I'll explain why I look at the 50% fib line. I don't think my explanation was clear earlier. In this picture of /MES, the price initially breaks higher and it is bullish. It comes down to the green 50% line 6 times in this example and continues to make new highs. This indicates a strong bullish trend. You would never capture this bullish trend because in these examples it never came into your zones. I would see that it used the 50 or 38 as support and keeps hitting new highs. I would use a scalping strategy and capture the upside. Take a look at the 6 times this occurs that are highlighted with yellow arrows and the continuation move up in orange arrows. This is on a one minute chart. This is why I like to see all the fib lines. I still will buy when it gets into your lower zones, but if it doesn't go further than the 50, it tells me it has the strength to hit new highs. Thanks!

Ok. When the move starts from a proper entry at a higher timeframe zone 4, you can use the 1min swingarm break down or break up as a confirmation of entry. As the trend develops away from the zone 4 entry as highlighted by the swingarm, then you shift to 2 min chart and you stay with the trade as long as the swingarm is going and continuing trend. No need to be tracking every tick. If it accomplishes what you are looking for, awesome.

I am not a scalper. I am a swing trader. (SwingArms) Regards, Jose. (Feel free to reach out to me if you have any questions.)

 

[mcallen]

Another question. How do I add a 50% retracement line to the swing arm and Is there a mobile version ?

How do I participate in the discord ?

 

[henry1224]

More Lines? Fibs vs eighth's what is the problem?

Lets start with more lines, I just like to see more areas of support and resistance
FIBs vs Eighth's so a fibonacci number is .618 , an eighth's number would be .625 nothing but horseshoes and hand grenades
Fibonacci numbers won't be spaced exactly the same distance apart as eighth's

To add more lines, you have to code it into the indicator

more lines vs more indicators
I realize that you don't need every trend line and you don't need every indicator, but they make my charts look pretty!