Bull Flag and Bear Flag Formations for ThinkorSwim

[Oceanbagel]

@Vorlauf that study is great! Thanks for sharing! How can I get that in a scanner so I can be alerted when a new pattern is detected?

 

[barbaros]

Will this be a lagging indicator? meaning, does it draw after the fact or does it draw as the wedge is happening?

 

[zeek]

I am curious to know if there is any indicator that automatically detects wedge formations and draw trendines to make them visible on the chart? Alerts would also be desirable.

 

[wesam]

can this be a scanner @BenTen @spoiledtechie

 

[MerryDay]

@wesam Here is the scan:
https://usethinkscript.com/threads/bull-flag-and-bear-flag-formations-for-thinkorswim.467/

 

[wesam]

Can you help me with a custom indicator I have I will like to turn it into a scanner. Would be appreciated

@MerryDay I just noticed this isn’t the same. The person that created this thread changed the code provided by Ken to better results. The link above is for the original code. I was hoping for this code is I be turned into a scan from spoiledtechie

 

[MerryDay]

@wesam as @spoiledtechie said in the 1st post. There is less than 30sec to make a decision on whether to make entry. Given that scans update every 3-7min. A scan would not be applicable in this instance.

 

[Kapitalk12]

Is this indicator pretty accurate? Most importantly, does this REPAINT????

 

[wesam]

@wesam as @spoiledtechie said in the 1st post. There is less than 30sec to make a decision on whether to make entry. Given that scans update every 3-7min. A scan would not be applicable in this instance.

I agree but I wanted to use it for other reasons is why a scan would benefit me

 

[wesam]

I agree but I wanted to use it for other reasons is why a scan would benefit

@wesam as @spoiledtechie said in the 1st post. There is less than 30sec to make a decision on whether to make entry. Given that scans update every 3-7min. A scan would not be applicable in this instance.

wouldn’t the scan still be on the 1 min I just want to be able to see which stocks are receiving the signals since it’s on the 3 min for signals

 

[MerryDay]

@wesam The scan would be

Bullish is true

 

[wesam]

@wesam The scan would be

Bullish is true

i only see bullish is true

 

[MerryDay]

@wesam

 

[stamenski]

@Buckbull Just fire up the Scanner and follow this similar process.

If you need additional help, see this thread: https://usethinkscript.com/threads/how-to-use-the-tos-scanner.284/

Is the bull flag scanner from Ken Ross and Modius set for swing trading or day trading?

 

[MerryDay]

@stamenski In a review of the code, I see no impediment to using it on all aggregations. Some scalpers stay away from moving averages, MACD, and the like because their scalping strategy doesn't support any sort of lag. But most technical analytical indicators have some lag except for repainting ones which have their own challenges. My suggestion is to add it to your charts and watch it and see if you find it helpful. If it confirms signals from your other indicators then think about buying 1 share and see what happens.

This is just my opinion and should not be taken as investment advice.

 

[joe362]

Hi, I'm looking for the pattern falling wedge indicator scrip on the TOS platform? Please help me out
Thanks

 

[rad14733]

Hi, I'm looking for the pattern falling wedge indicator scrip on the TOS platform? Please help me out
Thanks

At the upper right corner of your chart, Patterns > Add Patterns > Falling Wedge... You can read about the Falling Wedge in the Thinkscript Learning Center... Individual research isn't all that hard...

 

[joe362]

At the upper right corner of your chart, Patterns > Add Patterns > Falling Wedge... You can read about the Falling Wedge in the Thinkscript Learning Center... Individual research isn't all that hard...

@rad14733 thanks for your help

 

[GetRichOrDieTrying]

How does the watchlist column work in relation to time? I'm a day trader that trades 1 minute charts. How does the watchlist column know what timeframe to determine a Bull Flag?

 

[Pensar]

How does the watchlist column work in relation to time? I'm a day trader that trades 1 minute charts. How does the watchlist column know what timeframe to determine a Bull Flag?

It uses the aggregation that you select at the top when setting up the column, from 1 min to yearly agg.