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

T

tradegeek

Member
2019 Donor
VIP
@tradegeek Try asking him for a trial version and see if you can decrypt it. Unfortunately, I already bought from him but don't use it anymore. One of the reasons why I don't buy indicators anymore.
@Playstation I already have bypassed several trial TOS scripts from him and others.
 
J

jan_angel

New member
2019 Donor
How do I scan for "Buy Confirmed" signal only ? I used the code here to scan for uptrend, but I would like to get in when "Buy confirmed" has been triggered
@newtoazure were you able to figure out how to scan for buy confirmed or sell confirmed
 
P

ProcrastinatingPerfection

New member
How do I set the swingarm tracker for 1 hour and entry off a 15 minute?
 
S

supercool

New member
I did a comparison of the july 7 swingarm version with what is posted by Jose and they are 98% identical. There are some new arrows which he calls pressure points (pretty sure its not rocket science)and nothing more. For basics if you just customized ATR TrailingStop to 28/5 configuration its a 90% match to swingarms. If you added 2 more fib levels (78.6, 88.6) its becomes even closer.

Also not sure if every one knows this but the original code comes from futures.io posted in 2013. I am posting the pics for your reference.

The guys including Ben here has done a fantastic job putting it all together initially for Jose. Hats off folks.

 
Last edited by a moderator:
D

DDW

Member
yes its already on the 1st page.
You are comparing that one with the one he has been posting on twitter, the "Platinum 5.0" version? The main difference seems to be those "buying pressure" arrows. Are those based on volume you think?
 
S

supercool

New member
You are comparing that one with the one he has been posting on twitter, the "Platinum 5.0" version? The main difference seems to be those "buying pressure" arrows. Are those based on volume you think?
quite possible or based on trend reversal or squeeze. I integrated trend reversal to it and that had some good signals. Need to play with squueze.
 
BenTen

BenTen

Administrative
Staff
VIP
@topmarx That is correct. The SwingArm indicator is modified version of the ATR Trailing Stop indicator with Fibonacci values.
 
Billions

Billions

Active member
2019 Donor
VIP
Has anyone figured out the pressure points and how to apply?
 
M

Maya

New member
Been some time since I last took an interest, I'm more of a lurker, haha. Took me some time to investigate and get the chance to see it myself.

Re: the pressure arrows

It has NOTHING to do with volume. I suspect the platinum version or the pressure indicator as some of you called it is based on the True Momentum indicator by Mobius.



Patched something together, test it out.



This is only one method of using the TMO indicator. There are numerous different mixes.

Learn to read Level 2 + Time & Sales. That's where you find real buying / selling pressure.

Work with what you have. STOP chasing!
 
I

Ishaam

Member
VIP
Been some time since I last took an interest, I'm more of a lurker, haha. Took me some time to investigate and get the chance to see it myself.

Re: the pressure arrows

It has NOTHING to do with volume. I suspect the platinum version or the pressure indicator as some of you called it is based on the True Momentum indicator by Mobius.



Patched something together, test it out.



This is only one method of using the TMO indicator. There are numerous different mixes.

Learn to read Level 2 + Time & Sales. That's where you find real buying / selling pressure.

Work with what you have. STOP chasing!
Hi Maya,

This looks to be on target, having said that, I do agree with you that there is no real pressure alerts in TOS as TOS does not have order flow built into it's system besides what you have mentioned by looking at Time and Sales and Level 2, those arrows will give you false signals in any case most of the time if you were to trade them alone, you still need a proper framework to determine price action. It's all good in hindsight to look at these "pressure alerts" but trade them live and I'm sure you will be confused by them as well where you have opposing "pressure alerts" in both directions expecting a reversal of price in one way or the other.
 
T

tshirt99

New member
VIP
I am having problems getting the watchlist to update is there a setting I am missing? For instance if the watchlist column indicates the 30 min is in buy support and I go to the chart the chart shows it is in sell resistance.
 
BenTen

BenTen

Administrative
Staff
VIP
@tshirt99 If you are using extended hours on your chart, be sure to have the watchlist pull data with extended hours. If you're not using extended hours on your chart, make sure your watchlist column isn't using extended hours. You can check by looking for the EXT checkbox.



The timeframe is another thing to check. They must be the same.
 
T

tshirt99

New member
VIP
Thank you BenTen for the quick reply. I think the extended hours was it!
 
H

harber09

New member
VIP
@Pensar You have paid some of my bills Pensar. I've been looking to thank the author of that code ever since I got it. When it flashes a daily arrow, I wait for a pullback to swingarm and enter (my go to setup on the chart is a combo of your script, swingarm and the opening range break) and more often than not its a profitable play. In fact, I am saying this to everyone in all honesty, if you're stuck at trading, then add those indicators on a chart, and go find a nice big cap tech stock to trade (NVDA NFLX ETC) Super simple easy strat.

I'm glad I found you. I'm able to thank you for your tremendous work. Thank you!! May the Force be with you!
What time frame do you use it under for day trading? Or going long?
 
Top