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

[RTHAK]

Hello everyone, new to this forum and came across this amazing strategy that you all have built here. Thanks so much for all your hard work.

I am still going through the thread and also looking at the website where all codes are listed as well.

Questions:
1. Are the codes on the website the latest or here in the forum? So far i have taken the one from the website and created a scan for this. I also uploaded the 3 grids thinkskript.
2. If this forum has the updated code, should i refer the 1st page only or go through 31 pages?
3. Where do i enter the code for OVERBOUGTH or OVERSOLD TERRITORY CHART ALERT CODE ?

 

[Pelonsax]

Hey guys. I'm sorry if this has been answered already. What are the best time frames for day trading Swing Arm? How about swing trading?

 

[BenTen]

@RTHAK The first page of this thread should give you what you need. It depends on how you want to use the SwingArm. If you just want to use the basic version of it, then import the code directly as is. If you want to import someone's else setup (Jose's) to your ThinkorSwim, then use of the shareable gird charts. If you decide to use the shareable grid charts, prepare yourself as it has more than just the standard SwingArm version.

I'm not sure what you mean by overbought/oversold. I assume you're referring to the TMO (True Momentum Oscillator)? If so, see this thread.

@Pelonsax It depends, but from what I've seen, you can start with the hourly > 30m > 15m > 5m.

 

[RTHAK]

@BenTen, Thanks for your response. In Jose's website there are overbought and Oversold alert codes. I have one pasted below. What does it do and how do i load this in the TOS?


CODE STARTS BELOW:

# TYPE: ** SCAN **
# OVERBOUGHT ** SELL TERRITORY ** - CHECK SWINGARMS
# Source: @BenTen useThinkScript.com
# 10 minute chart alert
UseThinkScript_TrueMomentumOscillator()."Main" crosses below UseThinkScript_TrueMomentumOscillator()."oB"

 

[BenTen]

@RTHAK That is the True Momentum Oscillator I was referring to. Read up on it here.

 

[DDW]

@BenTen In order to have access to Jose's version 5.0 of Swing Arm we would need to become VIP? Thanks, great forum you have!

 

[BenTen]

@DDW No, you do not. We don't have or distribute it.

 

[DDW]

@DDW No, you do not. We don't have or distribute it.

Okay, thanks Ben. I have seen his twitter posts and it looks like an excellent version. Hope he releases it!

 

[SugarTrader]

@DDW It looks like it's time for him to make money. He said in one of this tweet that he will soon start selling it with a subcription access.

Can someone please help me out? I read many page of this thread and was playing with SwingArm for more than 10 days. But I still cannot figure out from where the bubble signals of "buy/sell CONFIRMED" is coming from.

 

[BenTen]

@moutic777 That's coming from the Hull moving average here.

 

[DDW]

@DDW It looks like it's time for him to make money. He said in one of this tweet that he will soon start selling it with a subcription access.

Hmm, not sure if he can do that. His SwingArm script contains indicators created by others. He can definitely keep it private, but he may get into trouble trying to sell it. Really not sure though.

One thing for sure, we all appreciate his work!

 

[Trader Raider]

Wasn't this indicator supposed to be "paying it forward?" But now it's subscription after some members of this forum helped to refine the system?

@DDW, I don't know the legalities of selling a product not entirely of one's own composition. I just know I wouldn't buy it. Fibs aren't so complicated that they require a premium indicator.

 

[SugarTrader]

Wasn't this indicator supposed to be "paying it forward?" But now it's subscription after some members of this forum helped to refine the system?

@DDW, I don't know the legalities of selling a product not entirely of one's own composition. I just know I wouldn't buy it. Fibs aren't so complicated that they require a premium indicator.

let's wait before any overreaction. Let's stick to the facts:

• He answered on twitter saying that new version (Platinum) will be accessible via paid subscription
• We don't know to which extend the Platinum version is different that the current version. Although, he said, it is an improved version, so probably using the same concept
• He had so many videos, and also on his web site that he had zero interest in selling anything...all he wants is to share his amazing knowledge.... Well thing that change when potential monetization is involved.

let's continue to help each other here in this great forum. this is the most important.

 

[profitmaya]

Hi All: I'm new to this forum and using SwingArm so pardon if I ask basic questions. I have gone through all the video list that BenTen provided and I'm very excited to use this starting tomorrow. Few questions that I have are

I'm great fan of FB stock and I'm looking at SwingArm for FB stock

I was looking at 30 minute chart for FB on 7/31 (unfortunately I'm not able to paste the screen image), SwingArm shows weekly resistance of 241.72 to 243.1 , may I know why this is weekly resistance, isn't the support? I thought bottom green bar is always support and top red bar is resistance for whatever the timeframe selected, isn't correct?

Also 5 minute chart shows green zone bars where as 5 minute chart shows Red zones. Isn't higher timeframes follow lower timeframes like engulfing?

If you want to do a swing trade on the same day that you are showing, would you go long or short? How do you determine short vs Long on a smaller time vs long time frame. Also, when you want to do long/short swing trade, how do you determine length of timeframe that you want to hold the trade like 5 days, 10 days or 25 days?


5 minute chart
https://drive.google.com/file/d/1VKxWz5-utHS_TwpJKMIhtliXv1MvbVt4/view?usp=sharing

30 minute chart
https://drive.google.com/file/d/1IIJFA3NHjxHU0tAACE-1vYwV9-2ZJWpE/view?usp=sharing

 

[Playstation]

I have been pretty silent about this saga which rocked the discord chat. Twice we had the channel locked because of this.

Now, let me speak as someone who contributed to this system.

Jose has given his own Swingarm indicator for free. He has done countless Discord Zoom videos tutorials. All free. Never have I ever witnessed someone who gave so willingly. This indicator is enough for beginners to start trading with higher probability than telling them to purchase indicators from furus.

You will only need to pay him if you want something more.
But can you trade without the premium version? Answer : Yes.
Do you absolutely have to use his premium version? Answer : No.
Is the Swingarms on VIP forum only? Answer : No.

If you're unhappy with Jose, then approach Ben and see what he says. This forum is Ben's house, and it is up to him to decide whether this is appropriate or not. If anyone is allowed to peddle their goods here, then this community will not be working on open source FOC. You'll suddenly see scammers coming in to sell their snake oil. And You bet I'm gonna start charging $50 for every edit here.

Yes, I am a little unhappy that I contributed and then suddenly a premium version popped out. But so what, he's not selling this free version anyway.

 

[Trader Raider]

please just STFU

Will do @BenTen, I don't see a quick way to close my account on this forum, so would you kindly close my account here for me? Thank you, and best wishes. Happy Trading, y'all!

 

[DDW]

please just STFU

Seriously? WTF is wrong with you?

 

[horserider]

Agree with Trader Raider and DDW. However kind of curious about this discussion now. Jose is following the same route as BenTen with the AMM2 and no complaints seem to have been made about VIP here. Just great marketing by them.

As far as I understand (not a lawyer) Thinkscript is open and cannot be copyrighted. So seems you can sell any study that you can get someone to buy. And also means a creator/seller cannot protect a study from it being copied and distributed.

Any lawyers feel free to contribute an opinion on this.

 

[technicallydreaming]

From what I understand, the standard indicator is still free as always. A new version with signals indicating "high pressure areas" costs money. That seems to be the only change worth noting, but I am only speculating based on screenshots. It's unclear to me if the premium indicator when purchased is downloadable, or only viewable through video streaming like the way Ticker Tocker works, hopefully it's the former.

 

[Kimhad]

If you are like me and aren't a fan of workspaces with numerous cells, you can easily switch between time frames (each time frame with its own studies and study settings, if you like) with a single click by using "My Tools." It's under the General Settings section in TOS.

https://tlc.thinkorswim.com/center/howToTos/thinkManual/charts/Useful-Tools/My-Tools
Here's a video showing how to do it. (Disclaimer: I don't know anything about the presenter, I was just looking for a video showing how to set up My Tools on a chart.)

Anyone who wants to use this indicator could save a style for a 1, 5, 10 min chart, etc and then easily switch between those charts using My Tools if that is handier than loading a separate grid-style workspace to view higher timeframes. What I typically do is have a 2-cell work space with a MyTools menu at the top to allow me to stay in a lower time frame on one side and cycle through various higher timeframes on the other side without having to load additional workspaces. YMMV.

Best wishes and happy trading!

Thanks so much for posting this! I have used the My Tools for drawing and fib, but using the style and studies is awesome! It save so much time and effort. Fantastic!