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

[BenTen]

@mcallen I believe there is a modified version with the 50% fib retracement, you can find it here.

This indicator should work on your mobile app, just load it up from the Studies section.

You can join us on Discord using this link: https://discord.gg/HQVZUxB

 

[Brad]

@mrwind425 Go into settings and turn off EXTREMUM

 

[mansor]

@chewie76 If I am following correctly, this is a extra fib(4,5,6,7) version of classic swingarm & 50% & 38% retracing is to find evidence of price action/momo is there. If it's not there, price would eventually fall in & or below zone 4 of classic swingarm.

-Is this similar to henry1224 version as well? I recall he had somethinge similar posted.
-Second, could this is be used on any time frame. I see you have used this on 1d1m.
-Third, can this be used on equities as well or strictly futures.

Thanks in advance

 

[henry1224]

In my version of SwingArm, I only added extra lines , but instead of using fib numbers ,I made the ranges in eighths. I use the swing Arm from the higher time frame IE : I would use a WEEKLY AGG swing Arm on a Daily CHART.

While it is preferable to buy at the lowest zone and sell at the highest zone, a lot of times ,that is not always the case. I realize that you have to look for your pitch, your sweet spot. TRADE in YOUR ZONE!

 

[TOSTrader]

@chewie76 I can't seem to visualize this on an uptrend.For the uptrend to continue, it would have to hit or pass the 50 on the way down, then bounce backup breaking the target?

What if we are in a side to side market?

 

[LoMeinMayne92]

Hi I would like to create alerts when price enters the swing arm and crosses the first fib level and when the swing arm changes from bull to bear. How do I go about doing this so that I can receive the alerts on my phone with the current script on page 1?

When I try using the alert condition When (hl2 or bid or ask) crosses fib1 for the shared_blackflag_swingarm_atrtrail indicator I get the error "rec usage is not allowed in this context". I tried using the alert conditions on the first page as well and was getting the same error.

 

[henry1224]

Here is an image of my version using your chart settings

I just use more than 1 indicator, we both agree that there are more areas that can be considered buy and sell zones

 

[chewie76]

@TOSTrader I have found that if it is a side to side market, then it will fall below the 50. If it hits the 50 and keeps rising, it is in an uptrend.

@mansor I think it is, I just made a few tweaks. It does work on any time frame. I overlay my 1m chart with the 4 hr chart. It does work on equities as well.

 

[topmarx]

Has anyone converted this to Amibroker AFL or even started something I could try and finish off?

 

[BenTen]

@topmarx I'm not aware of anyone converting this into Amibroker AFL yet.

 

[Rsully2222]

I apologize if this has already been brought up already but I was wondering if it's possible to have a label that says what zone it's in on whichever timeframe you're currently on, I know the watchlist column has that but I'd love to have a label as well, thank you.

 

[murkr]

I still have no idea how to put two-time frames on one chart. Can someone explain how this is done? I'm sure a lot of people want to know how to adust two different time frames on one chart. I'm thinking the 1min and 30minute together.

 

[ribitzki21490]

I know this was built for future but saw it could also be used on higher volume stocks/options. Has anyone had any success using this with ETFs or higher volume stocks/options (i.e. spy/appl/qqq/fb)? I have not had much luck and was wondering what time frames you are using if you have had success. I have been waiting for multiple timeframes (typically 1min/2min/5min and a 10 or 15) to repaint, watched the tutorial videos, observing multiple attempts at resistance in the higher timeframes, and still have not had the trades I`ve placed gone my way.

 

[bcnhill]

That's really interesting... I have previously created a similar strategy but gave up on it because I had distracting colors on the hull and the bubbles had way to much text. This is a much improved version, never thought of just using the HMA lenghts as the bubble text. Thanks for the share. @bcnhill

@bcnhill assuming you buy at the 55 and sell at the 21?...taking into account the swing arm color.

Sorry for my late reply, that is correct. It reduces but does not eliminate chop.

 

[topmarx]

If anyone has experience in Amibroker, I am willing to pay a small fee to have this strategy converted, I was going to post in freelancer but thought will offer to the community first. And of course, will share the results with everyone. @BenTen Hope this is okay?

 

[DDW]

That's really interesting... I have previously created a similar strategy but gave up on it because I had distracting colors on the hull and the bubbles had way to much text. This is a much improved version, never thought of just using the HMA lenghts as the bubble text. Thanks for the share. @bcnhill

@bcnhill assuming you buy at the 55 and sell at the 21?...taking into account the swing arm color.

Sorry for my late reply, that is correct. It reduces but does not eliminate chop.

Could you clarify the strategy here, I'm a little unsure as to how you use the Hull Moving Averages and the swingarm. Thanks!

 

[mcallen]

I still have no idea how to put two-time frames on one chart. Can someone explain how this is done? I'm sure a lot of people want to know how to adust two different time frames on one chart. I'm thinking the 1min and 30minute together.

ThinkScript study_20200714_1

https://tos.mx/2YhFTdM
This script should work for you. I had the same question

 

[Sean_C]

@henry1224 Hi, Great setups... Have you identified a method for a Scan to pickup the 'ArrowUpST' (is True) for the 'shared_HK_4_EMA_Rank_SuperTrend_SwingArm7' (in this case on the 5min ??

 

[Rsully2222]

Is it possible to have a label that tells you what zone it's currently in?

 

[mcallen]

You will need to go into the study and set the time frame to 30 min . Its set at 2 hrin this script