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

[[deleted]13]

@fishstick1229 Impressive work my friend. Our colleague @Playstation had been working on it. He loves your work as well.

 

[Ishaam]

@Playstation, it does seem to work correctly for me, I even posted a 10min screenshot of the zone, the watchlist on ES was showing short in zone 4 as per above posts. I can also see it now for instance live on a 1min chart ES short and in the zones as well for the alert.

 

[Playstation]

lovin how we are improving with each passing day!

 

[Ramesh16]

I am wondering - Is there a central location - one can find the updated chart+scripts. Thank You Master Jose!!
and Ben for the platform!!!

 

[[deleted]13]

I am wondering - Is there a central location - one can find the updated chart+scripts. Thank You Master Jose!!
and Ben for the platform!!!

Working on it. We will update you soon. For now, it is this forum and major updates via the VIP room. Join us and we can assist in your implementation with proper education and full time in session live screen sharing.


I provided all the updates to all members last night.

 

[RickAns]

Wow, @fjr1300 this is great! A big thank you to all who have made this happen and for sharing it with us. Great blackFlag website as well.

Currently in the process of watching the videos you have provided. Very informative and well done. I'm learning a lot. Much appreciated!

Cheers,
Rick

 

[Robster021]

Thanks for this @fjr1300 - do you update the first page as the script evolves?
Thanks

 

[BenTen]

@Robster021 Correct, we will update the original post.

 

[[deleted]13]

Wow, @fjr1300 this is great! A big thank you to all who have made this happen and for sharing it with us. Great blackFlag website as well.

Currently in the process of watching the videos you have provided. Very informative and well done. I'm learning a lot. Much appreciated!

Cheers,
Rick

Join us daily within the VIP room for live trading and screen sharing sessions. The content is one thing, the education provides you the trading success opportunity you are looking for. the best investment you will ever make.

 

[Robster021]

@Robster021 Correct, we will update the original post.

Thanks @BenTen , So currently 5/24 is the most updated version?

Edit: Don't worry I see the updates in Discord. Thanks

 

[RickAns]

It sounds like a good deal, fjr1300. I plan to upgrade to the VIP membership soon, within the next few weeks.

 

[Ramesh16]

Hi Ben- I am not able to find the where the discussion is taking place in the VIP discord? You already gave me the access to it.

 

[[deleted]13]

Join us in the VIP Room and Learn with us.

https://twitter.com/i/web/status/1267577166293864448

 

[technicallydreaming]

@fjr1300 . Thank you Jose. Used to live in Miami at South Beach. I should have never left haha.

Anyways Back to business-- I have one question. I watched most of the zoom videos but was a bit unclear on buying just outside of the "bucket". Just for context I only long stocks ( broker limitation) on 3 minute chart. A lot of times there is no true retest of those fib levels after a swing arm break. Particularly at market open for the more popular stocks of the day that just start running. Price generally circles back close to, but not into those zones fully. Would you support the idea of adjusting those fib levels lower to make entrys more realistic? I know you said on the video that you would buy at the swing arm break level if needed, but even that that level often doesn't get revisted after the first candle on the break to upside.

At the end of the day it's the cliche trading problem of not wanting to miss out on a big trade but also not trying to chase a Porshe with a bicycle

 

[Ishaam]

@BenTen, I managed to upgrade today and sent you a message as well on the discord channel for access. Kindly provide the necessary access for AMM2.0 and SwingArms live trading room, thanks.

 

[lrc11239]

Hello Ben - I just upgraded to VIP, would you be able to grant me access to the Discord channel? Many thanks..

 

[[deleted]13]

@technicallydreaming I love the comment. This type of discussion needs to be done live. Join us in the VIP room to discuss this.

 

[[deleted]13]

# blackFLAG FTS SwingArms
# StudyName: blackFLAG_Futures_SwingArm_ATRTrail
# My preferred setting is 28 / 5 FOR ALL TIMEFRAMES
# Edited by: Jose Azcarate
# blackFLAG Futures Trading - FOR EDUCATIONAL PURPOSES ONLY
# TWITTER: @blackflagfuture

# SwingArm Watchlist by [USER=278]@fishstick1229[/USER]
# * Updated code below is to be used for custom watchlist column only **

#Updated text display by [USER=4199]@Fishbed[/USER]

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 HiLo = Min(high - low, 1.5 * Average(high - low, ATRPeriod));
def HRef = if low <= high[1]
    then high - close[1]
    else (high - close[1]) - 0.5 * (low - high[1]);
def LRef = if high >= low[1]
    then close[1] - low
    else (close[1] - low) - 0.5 * (low[1] - high);

def trueRange;
switch (trailType) {
case modified:
    trueRange = Max(HiLo, Max(HRef, LRef));
case unmodified:
    trueRange = TrueRange(high, close, low);
}
def loss = ATRFactor * MovingAverage(averageType, trueRange, ATRPeriod);

def state = {default init, long, short};
def trail;
switch (state[1]) {
case init:
    if (!IsNaN(loss)) {
        switch (firstTrade) {
        case long:
            state = state.long;
            trail = close - loss;
        case short:
            state = state.short;
            trail = close + loss;
    }
    } else {
        state = state.init;
        trail = Double.NaN;
    }
case long:
    if (close > trail[1]) {
        state = state.long;
        trail = Max(trail[1], close - loss);
    } else {
        state = state.short;
        trail = close + loss;
    }
case short:
    if (close < trail[1]) {
        state = state.short;
        trail = Min(trail[1], close + loss);
    } else {
        state = state.long;
        trail = close - loss;
    }
}

def BuySignal = Crosses(state == state.long, 0, CrossingDirection.ABOVE);
def SellSignal = Crosses(state == state.short, 0, CrossingDirection.ABOVE);

def ex = if BuySignal then high else if SellSignal then low else if state == state.long then Max(ex[1], high) else if state == state.short then Min(ex[1], low) else ex[1];

def TrailingStop = trail;
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;

def bullAboveZone = state == state.long and close > Fib1;
def bullZone2 = state == state.long and close <= Fib1 and close > Fib2;
def bullZone3 = state == state.long and close <= Fib2 and close > Fib3;
def bullZone4 = state == state.long and close <= Fib3 and close > TrailingStop;

def bearZone2 = state == state.short and close >= Fib1 and close < Fib2;
def bearZone3 = state == state.short and close >= Fib2 and close < Fib3;
def bearZone4 = state == state.short and close >= Fib3 and close < TrailingStop;

# watchlist
assignBackgroundColor(if state == state.long then Color.green else Color.red);
AddLabel(yes, if bullZone2 then "ZONE2"  else if bullZone3 then "ZONE3"  else if bullZone4 then "BUY ZONE4" else if bearZone2 then " ZONE 2"  else if bearZone3 then " ZONE3"  else if bearZone4 then "SELL ZONE4" else " ",  if bullZone4 or bearZone4 then color.BLUE else Color.BLACK);

Watchlist update:

 

[ALV]

@BenTen - Hi Ben, I already upgraded to VIP. Can you allow me access to the AMM2.0 and SwingArms live trading room? Thank you so much!

 

[lrc11239]

@BenTen - Hello Ben - I just upgraded to VIP, would you be able to grant me access to the Swing Arms Discord channel? Many thanks..