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

[sshaniga]

Today, I have been working at it make minor changes to the labels with the help of our members around the world. Thanks @Playstation

These are some of the updated images of charts:

#1 Understand Your Surroundings (Support and Resistance at higher timeframes) - DO NOT GET RUN OVER BY NOT PAYING ATTENTION AT A MAJOR TRAFFIC INTERSECTION.

#2 Day Trading Example. Allow extremes to develop. Then Use SwingArms and other tools provided in this forum to guide you along the way. You have three options. #1 Enter at support and hope that it holds. #2 Allow the 1 min swingarm to develop and provide confirmation to enter. #3 Wait for 5 min swingarm to develop and then enter when the 1 min cycles and provides entry confirmation in the same direction as the 5 minutes. It all depends on each individual account size, risk awareness, patience, etc. Not one size fits all. But the system works for any timeframe and account size. There are just minor adjustments to consider.

ONE MINUTE TRADE ENTRY - Illustration

When do you close the trade? that answer will vary by the trader. Some may choose to close when the 1-minute cycles, or the 2 minutes or the five minutes. It is up to the trader to make that decision. In my case, I would stay with the trade as long as the 5 minute is bullish. Or if reaching a higher timeframe swingarm level, I will decide then. Either scale-out or close all.

swing arm tracker is always showing 30min, 1min on thinkorswim even if i change the timeframe , am I doing something wrong?

 

[BenTen]

@sshaniga Check out the video below:

 

[sshaniga]

@sshaniga Check out the video below:

Hi Ben, thank you i did watch the video and setup the scanners exactly the same way as shown but scanner is not showing any results

 

[BenTen]

@sshaniga Can you post a screenshot of your scanner?

 

[JPTRADER]

@sshaniga Can you post a screenshot of your scanner?

Hi Ben - any chance you could post again the code for the color indicators in a watchlist ? I looked at your video on your tube. It goes into copying the code but doesn't show the source. Is it the standard study ? the scans? Thank you!

 

[mcallen]

I like this indicator using a 4 min chart with a 4 hour indicator overlaid. Very cool indicator!

I love our version of swing arms very very useful. Can i get the code for the alt time frame in your version ? greatly appreciated

 

[BenTen]

@mcallen You can find it on the first page of this thread.

Here is the shared link for the MTF version: https://tos.mx/zEqum1p

 

[jtreedog]

can you make blackflag swing arm multi time frame ?

 

[BenTen]

@jtreedog Right above your message.

 

[unknownriver]

Hi, is there some one who has simple version of this script which gives me bubbles and shades... i am very new to trading trying to keep things simple...so trying to avoid those lines(price levels)

 

[chewie76]

@unkownriver

This has shades, no bubbles.

Picture is SPY on 1 min. chart http://tos.mx/p31Urnx

The yellow line is 50% fib.

 

[ggabriel76]

Can someone look into this for me. The version from Jan 1 is not the same as the request below.

I would like to see if someone can help me with modifying the swingarm indicator to include a line that runs parallel to the Extremum dots. Distance from Extremum dots can be adjusted, i.e $1, $2,….. off from the Extremum dots. If possible to have the option to have multiple line.

 

[chewie76]

Can someone look into this for me. The version from Jan 1 is not the same as the request below.

I would like to see if someone can help me with modifying the swingarm indicator to include a line that runs parallel to the Extremum dots. Distance from Extremum dots can be adjusted, i.e $1, $2,….. off from the Extremum dots. If possible to have the option to have multiple line.

You can use this and change the dashed lines into one that is near the Extremum dots. http://tos.mx/ugj73Ph

 

[ggabriel76]

You can use this and change the dashed lines into one that is near the Extremum dots. http://tos.mx/ugj73Ph

Thank you! This will work

 

[Gellidus]

Hi @chewie76,

What is the color candles studies? Are they Grab candles?

 

[chewie76]

@Gellidus It's a custom indicator. It can be found here with paid subscription for colored candles. https://tosindicators.com/indicators/dynamic-rsi

 

[Gellidus]

Thanks Chewie.

 

[tjlizwelicha]

While the system can be used on Stock, it was designed for futures. So you must understand before going forward with stocks and putting money at risk. Regards, Jose.

Hello @deleted13 I just joined today. I have been going through the thread to find the think script for the swingarm with the confirmation and unable to locate. Could you please provide the thinkscript? I use a 1 min and 5 min chart will this be okay to use as well?

 

[BenTen]

@tjlizwelicha You must be looking for this indicator: https://usethinkscript.com/threads/...ng-points-and-concavity-2nd-derivatives.1803/

 

[tjlizwelicha]

Thank you @BenTen for responding so quickly. At the top of the chart it has Day Trading Straegy (white box), If 5 min. Swingarm is Bullish Buy 1 min Zone (green box), and Divergence (red box). It has buy support than buy confirmed. I took a screen shot, but I was unable to upload it in the message box. I hope this helps to know what I am talking about. lol