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

[michalg95]

@fjr1300 I fixed it thanks!!

This is how my graph looks like now. I have been following it live for the past 20 mins and the Buy and Sell Confirmations are extremely accurate I must say! Thanks for your work!!

 

[[deleted]13]

SwingArms are the best trend following system available in the world.... Of course, it is my opinion and I designed it... LOL.

@michalg95 Awesome. If you have any questions, join us in the VIP room. I screen share usually from 3:00 AM NY to end of US Session.
Unless I pass out... lol.

Take your time to learn how to set up all the grids for all timeframes, etc. Study my website. Tons of priceless lessons there. The lower timeframe swingarms work extremely well during all sessions but extremely well during US Session - they respond to price action very well. If you learn about the trading zones and where to place your stops you are set.

@mckenzieatix Thank you for taking the time to study, detail your review, and initial thoughts. Awesome. I love it. I would be more than happy to screen share with you and answer every question. Plus, I would give you a preview of how I use it daily. It will probably assist you in your process and get you to higher profitability sooner. Let me know if available this weekend. Anytime. I am in Florida.

 

[michalg95]

Thanks for your replies and guidance! Any chance I could see a preview as well hehe Just trying to learn so I can focus on my finance degree at daytime and trade at night without having to do 9-5 to support myself.

 

[Ishaam]

Hi Jose, would you mind recording another session on the use of swingarms, perhaps your daily routine and how you use it for live trades, I think it will be worth it for all members to see, thanks once again for assisting the community!

 

[DaGekko]

@BenTen I just joined the discord server DaGekko - can you add me?

 

[michalg95]

Hi Jose, would you mind recording another session on the use of swingarms, perhaps your daily routine and how you use it for live trades, I think it will be worth it for all members to see, thanks once again for assisting the community!

That would be amazing!

 

[Playstation]

swingarm watchlist can only be scanned for either bull or bear, not for both in the same watchlist. Hence, there cannot be a differentiation of colors. Just create 2 watchlist for the 2 different scans.

 

[Craighaber71]

@Playstation The Columns represent the color of the swingarm on my watchlist...

 

[mansor]

@Craighaber71 Quick question, on your hull MA you get buy confirm (yellow bubbles), do you also get buy support (green bubble) and sell (resistance) red bubble when looking at equities/stocks or just buy & sell confirm yellow bubbles. Thanks for your input.

 

[[deleted]13]

@michalg95 What would you like to preview? and when?

@mansor The would trigger on both stocks or futures. The system was designed with futures in mind. Stocks do not trade 24hrs and that affects the setups and timeframes to use as well as how you use it.

@Craighaber71 Hi Anthony, I have no clue how to do what you just did. Everyone would benefit from a watchlist like that by timeframe swingarm status. Awesome work. You are very much appreciated.

 

[mckenzieatix]

Yes , I noticed that today as I entered an order to go long on a position it flipped 3 candles after. I was surprised but wondering if I should look into the cause. I would like to see if I can tailor specifically to COMP , DJI or SPX or /NQ, /YM, /ES as I typically do swings and news on ETFs which track those. But in the 5 orders I did this morning my original guess was always more accurate than the chart. I feel the chart would be good for long swing reversals over a few days. Need to test.

So I'm guessing this is /NQ. The yellow and purple SR I wouldn't use. I find drawing my own are always more accurate. But the 3 levels of the swing arms act as S/R levels within themselves. Today I was using my prior tools to buy in long and using this blackflag swingarm for confirmation sells. It actually worked a bit that way. But I honestly wouldn't rely on something I hadn't tested fully. The RSI and MACD I included were stock and not what I use.

Have you gauged it on bearish days, mixed as well. What changes did you make?

Thank you, I appreciate the offer and may engage you on that.

Thank you everyone for the replys

 

[[deleted]13]

@mckenzieatix I understand your urgency to test. But you do not understand how the system works yet. So how are you to make a judgment if you do not know the process? Contact me and I will walk you thru it. Then test away.

 

[[deleted]13]

@Playstation The Columns represent the color of the swingarm on my watchlist...

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.

 

[mckenzieatix]

I understand your urgency to test. But you do not understand how the system works yet. So how are you to make a judgment if you do not know the process? Contact me and I will walk you thru it. Then test away.

I yield the remainder of my time to the gentleman from Miami. Hah, of course. Thank you.

 

[chaba03]

I noticed My active trader is active but the chart candles are not active when I use all the study.. Did anyone else notice the same?
I think one of the trend studies is causing this issue.

 

[HSI1600]

@Craighaber71 Can you post the code the create the watch list that show swing arm status?

 

[Craighaber71]

Can you post the code the create the watch list that show swing arm status?

input trailType = {default modified, unmodified};
input ATRPeriod = 28;
input ATRFactor = 5;
input firstTrade = {default long, short};
input averageType = AverageType.WILDERS;
input fib1Level = 61.8;
input fib2Level = 78.6;
input fib3Level = 88.6;
Assert(ATRFactor > 0, "'atr factor' must be positive: " + ATRFactor);
def trail = ATRTrailingStop(trailType, ATRPeriod, ATRFactor, firstTrade, averageType);
def stateLong = low > trail[1];
def stateShort = high < trail[1];
def BuySignal = Crosses(stateLong, 0, CrossingDirection.ABOVE);
def SellSignal = Crosses(stateShort, 0, CrossingDirection.ABOVE);
def ex = if BuySignal then high else if SellSignal then low else if stateLong then Max(ex[1], high) else if stateShort then Min(ex[1], low) else ex[1];
def TrailingStop = trail;
def Extremum = ex;
def f1 = ex + (trail - ex) * fib1Level / 100;
def f2 = ex + (trail - ex) * fib2Level / 100;
def f3 = ex + (trail - ex) * fib3Level / 100;
def l100 = trail + 0;
def Fib1 = f1;
def Fib2 = f2; def Fib3 = f3;
plot data = f1 > f2;
AssignBackgroundColor(if f1 > f2 then Color.GREEN else Color.RED);

 

[[deleted]13]

I noticed My active trader is active but the chart candles are not active when I use all the study.. Did anyone else notice the same?
I think one of the trend studies is causing this issue.

Share a screenshot of that you are seeing. We will likely figure it out.

 

[[deleted]13]

@Craighaber71 I would love to see a video to see how to set this up. I will benefit (I have never seen it done) Others will as well. Thank you for posting

 

[Ishaam]

@fjr1300 Jose, can you elaborate a bit more on the confluence of events for those not yet in the VIP room? Personally I did see the ES bounce off the daily support on the 1min and 5min charts to go long around about 11am EST, it kept bouncing off that daily support level.