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

 

[chonpz]

Ben how do you display the medium term and long term settings on Buy the Dip indi?

 

[BenTen]

@chonpz That is the Conservative Model that we just released not too long ago. You can find it in the BTD forum.

 

[freedom Traders]

@chewie76 @BenTen thank you so much guys..this is a great indicator. Does it have alerts when crossing or touching zero..

 

[BenTen]

@freedom Traders Yes. Basic alerts are added to the code. In addition, you can set up the alerts through your scanner. Both methods are compatible with the indicator.

 

[chewie76]

Thanks again @BenTen, did not trade on Friday but I saw how SPY bounced when the signal reached 0. @chewie76 How did you choose a value of 0.016?

I did some testing with it on /GC on the 2 min. chart. It seemed like 0.016 gave me the best alert points.

 

[Yung954]

@BenTen @markpurr Does it send alerts or notifications on thinkorswim

 

[BenTen]

@Yung954 See my comment right above (#29).

In short, alerts are baked into the code, but it will only work for tickers you're looking at on your chart. To get notified via your phone notification, you need to set a scanner, save the scanner as a watchlist, and you'll get notified of new changes within that watchlist. I went over it in our video tutorial here.

 

[smittyid]

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

Are those prices color coded by volume? What are you using to do that? Thanks!

 

[chewie76]

Are those prices color coded by volume? What are you using to do that? Thanks!

I made an indicator for that. It uses RSI not volume.

 

[Yung954]

@Yung954 See my comment right above (#29).

In short, alerts are baked into the code, but it will only work for tickers you're looking at on your chart. To get notified via your phone notification, you need to set a scanner, save the scanner as a watchlist, and you'll get notified of new changes within that watchlist. I went over it in our video tutorial here.

Will it alert me what price to buy the dip? Because I dont have all day to look at my computer or my phone

 

[BenTen]

@Yung954 It will send you a notification of tickers that satisfy your scanner's condition. In this case, when there is a signal on the indicator.

 

[Ilya]

Hi Does it work on tick charts? If so can you post a picture of /nq on 9/21 180tick. Thank you.

 

[BenTen]

@Ilya Here you go. I tried to get the entire day to fit into one image, didn't work so I ended up with two lol

 

[Ilya]

Looks great. Thank you.

 

[jezzer46]

For those on the fence: This can be adjusted to different trading styles. My style is a bit fast paced and Im getting really good entry signals where I would like to see them. It really does give me that extra confirmation that I was searching for. (I trade low float intraday using 1 min and 5 min charts)

 

[Learnbot]

@jezzer46 for fast 1min-5min chart trades, do u keep the short, medium and long length the same (22,50and 100 respectively)?

 

[barbaros]

@chonpz Of course, here you go:

@BenTen Are there any parameters to tweak for this indicator? I don't see the entry arrows on this chart. BTW, this is making it sooo tempting to join VIP.

As an example, can you post the 10m chart for /ES with signals?

 

[BenTen]

@barbaros Arrows are included but turned off by default. We do have two different versions of the BTD indicator. One is the standard version, and the other one is the Advanced version, which has additional parameters in place to filter out some signals. We recently rolled out the Conservative Model as well.

Here is /ES on the 10m chart.

 

[barbaros]

@barbaros Arrows are included but turned off by default. We do have two different versions of the BTD indicator. One is the standard version, and the other one is the Advanced version, which has additional parameters in place to filter out some signals. We recently rolled out the Conservative Model as well.

Here is /ES on the 10m chart.

Thanks for the speedy response @BenTen. Sorry to trouble you so much. Can you zoom into today and turn on the arrow? I would like to compare the signals to what I am trading with right now.

 

[jezzer46]

@jezzer46 for fast 1min-5min chart trades, do u keep the short, medium and long length the same (22,50and 100 respectively)?

No, I am using the standard version (1 green length). For intraday I set the length for 2.