Pre-Sales VIP Questions

[Learnbot]

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.
Summary:
https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/page-23#post-89427

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35088
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35087
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35117
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35171
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35819
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-39668
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40185
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40940
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-44869
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47726
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-48056
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-50020

Customer's reviews:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35938
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-36156
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-43881
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47162
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47463
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47627
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-53124

More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186

 

[BenTen]

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

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]

@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.

 

[AlertBlake]

@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.

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]

@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.

 

[AlertBlake]

@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]

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

 

[BenTen]

@rj3137 Yes, our indicators are compatible with Renko charts.

 

[MintyFresh]

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.

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.

 

[Learnbot]

@BenTen just signed up for VIP, thanks for your help bud.

 

[BenTen]

@Learnbot Welcome You should be all set.

 

[chonpz]

Ben would you please post some chart examples with ES futures and BTD indi...5 mins timeframe please

 

[BenTen]

@chonpz Of course, here you go:

 

[jezzer46]

@BenTen can you put a screenshot of SPPI and or SAVA for today 9/18/20 on the 5 min time frame? Thanks

 

[BenTen]

@jezzer46 Sure, here you go:

 

[freedom Traders]

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.

 

[BenTen]

@freedom Traders Sure thing

Looking forward to seeing you

 

[subharmonic]

@BenTen Are there any plans or can this script be flipped for sell the tip?

 

[BenTen]

@subharmonic You must be looking for our Take Profit indicator: https://usethinkscript.com/threads/take-profit-indicator-for-thinkorswim.3663/

 

[chewie76]

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.

I'm a little aggressive and got these results on /NQ.