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Pre-Sales Buy the dip VIP indicator question

Learnbot

Active member
VIP
I am not VIP member yet, however, thinking about subscribing to your discord and obtaining the "buy the dip" indicator. I just wanted to check something before I subscribe to VIP, would you be able to post an example of 1min chart for TSLA, Apple, ZM or whatever else stock you see fit (not penny stocks plz since I am not that educated to trade small caps yet). I wanted to see if Buy the Dip works for day trading as well as swing.

Edit: This thread has gotten very long. Added some info below for easier access to information.

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:
Customer's reviews:
More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186
 
Last edited by a moderator:

BenTen

Administrative
Staff
VIP
@Learnbot Hey there! For sure. Here are the requested charts.

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Zvy2mCU.png

KrRHPQl.png


I don't really trade on the 1m chart, so I wouldn't be able to answer any questions related to this timeframe. I find the 1m timeframe to be "a bit much" for my style of trading. I hope those charts above will help. Hopefully, we'll get some existing VIP members to chime in and share their opinion.
 

CashPrince

New member
@Learnbot BTD Is awesome at any timeframe--you just have to know what you are doing. Personally, I usually have a bigger timeframe plan and then look for a good entry on the one minute that corresponds with a two-minute divergence on MACD or 9 or 25 period RSI oversold. If you use Moving averages, you have to make sure the trend is above VWAP to minimize risk.
 

BoarTrades

Member
VIP
VIP Enthusiast
@Learnbot, I primarily trade off the 5min and 10min BTD_STR signals for large cap stocks. However, I do monitor the 2min timeframe while trading small cap stocks under $20.

BA was the only good example of where 2min worked today.

op77JBY.png


However, as it's a lower time frame, it will have more signals. Entries are more precise for bottom picking and top picking, but you do lose a majority of the move each time.
 

Learnbot

Active member
VIP
@BenTen thank you so much for sharing the pics this indicator looks amazing. @princesly very good information as well, currently I do use EMA crosses and MCAD divergence to get in but you are correct I still need to learn and be better at it. I appreciate the help though. @BoarTrades for large cap stocks (for day trading only) which timeframe do you think BTD indicator is best for. Also thank you for your help/information. All I really appreciate the help.
 

BoarTrades

Member
VIP
VIP Enthusiast
@BenTen thank you so much for sharing the pics this indicator looks amazing. @princesly very good information as well, currently I do use EMA crosses and MCAD divergence to get in but you are correct I still need to learn and be better at it. I appreciate the help though. @BoarTrades for large cap stocks (for day trading only) which timeframe do you think BTD indicator is best for. Also thank you for your help/information. All I really appreciate the help.
Daytrading I look at 5min and 10min for large caps.
 

rj3137

New member
Do all of the VIP indicators work on renko charts? I use renko and will most likely join the VIP. I know there are some indicators that dont work on renko so Im just making sure. Thanks
 

MintyFresh

New member
VIP
I saw a request in the Discord to describe how people have been using BTD indicator on lower interval trades and thought I would share my experience.
I primarily scalp and have been using BTD to evaluate BULLISH entries for this style of short term trading along with TTM Squeeze, TTM Wave, RSI, and MACD w/ Histogram. My ideal setup is when the three BTD lines converge to indicate an entry opportunity, TTM Squeeze is out of the squeeze (green dots) and has a confirmed bullish bias from a recent bearish move, TTM Wave confirming the bullish momentum, MACD being stretched down and ready for a bullish move, and RSI being below the 30 line.

Attached is my scalps from today on NVDA where I pretty much had this scenario several times -- you'll see that I took three trades that were close to the dip as soon as TTM Squeeze changed colors, while being in an area where all three BTD lines are overlapping.

ablZkvh.png


I don't know if this use case is how the BTD indicator was intended for, but I've been trying it out for ~ a week and it has been working for me on the small set of tickers that I have been scalping.
 

freedom Traders

New member
VIP
I am loving what i see. I don't know if it's too much to ask. Can i see /NQ 9/17 and 9/18 Buy the Dip 5M charts so i can check and see how it works with another great indicator you guys have. Look out for me as a member next week please.
 
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