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

 

[Thomas]

I closed a 5 day trade on HUYA yesterday for a 90% option win thanks to BTD. I'm extremely pleased with membership and all the great content on this site.

Please describe your process with this trade, indicator, and maybe your option......if you don't mind?

 

[GoldStriple]

hi Thomas - most of my watchlist have S/R lines from a 3 yr weekly on them (light blue lines) - I was scrolling through my Asian ADR list and saw HUYA had a double bottom bounce off a trend line - and all signals firing. sideways blue are my entries and exits. Looking at it now it seems I could have re-entered a couple days later - but my actual day job takes precedence. ha

the ITM option

i've moved to the 2HR - Here's an OSTK trade - I had a bad entry and sold at my 40% target goal - sadly didn't re-enter when it bounced off the last leledc midline - this is something I added recently - it's a very common occurrence which I need to trade more of.. for shorts as well.. drops below the midline and price will bounce under it

 

[Thomas]

@GoldStriple Goldie,....thank you. What's annoying is that we have this coded indicator and we cannot confidently trade from it as the signal is erroneous, should I or shouldn't I. Seems that the trade would be from that green arrow, I don't know how you created that, but it makes sense to me. All the distracting lines almost make it hard for me to see what price is doing, but I see in the indicator where a target can end.

 

[GoldStriple]

thanks for the share - nice clean daily and color scheme with trend reversal. my issue is time - I have a day job.. I want to quickly scan stocks and see the story developing.. hence why I'm now on the 2 hr. (but working towards futures instead) the BTD has helped me set my mindset right - to be ok with bull call trades - where in the past all I saw was sell. My trading is a work in progress.

 

[Thomas]

No sales pitch.......Doug had a contractor business, looking at charts after work, placing trades late into the night for the following day. He mentioned he took longer trades,.....BIG money/Livermore......

 

[thaisangcr7]

@BenTen where this script are locating? I cannot find it.

 

[BenTen]

@thaisangcr7 That is the BTD Conservative Model. You can find it here: https://usethinkscript.com/threads/buy-the-dip-conservative-model.3762/

 

[thaisangcr7]

Does this work on trading views too?

 

[BenTen]

@thaisangcr7 Yes, just fill out this form if you want to access the TradingView version.

 

[Gildes]

thanks for the share - nice clean daily and color scheme with trend reversal. my issue is time - I have a day job.. I want to quickly scan stocks and see the story developing.. hence why I'm now on the 2 hr. (but working towards futures instead) the BTD has helped me set my mindset right - to be ok with bull call trades - where in the past all I saw was sell. My trading is a work in progress.

where May I find the MACD RSI reversal indicator ?

 

[Csharp]

I’m not sure where to ask this. But the BUY THE DIP algorithm does it have the up arrows displayed when it’s time to buy ? Also can you use the profit algorithm alongside it in the same chart?

 

[BenTen]

@Csharp You must be referring to our premium BTD indicator? If so, start on the first page of this thread. Plenty of examples in here.

I hope that helps.

 

[GoldStriple]

where May I find the MACD RSI reversal indicator ?

oh Sorry @Gildes - just seeing this now. I've changes settings to get more signals but found they are just a duplicate of BTD.. although less of them.

Here it is:

declare lower;
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input averageTypeMACD = AverageType.EXPONENTIAL;

def Diff = MACD(fastLength, slowLength, MACDLength, averageTypeMACD).Diff;

input length = 14;
input price = close;
input averageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

def twoBarPivotMACD = Diff > Diff[1] and Diff[1] > Diff[2] and Diff[2] < Diff[3] and Diff[3] < Diff [4];

def overSoldRSI = RSI <= 30;

plot TrendReversal = twoBarPivotMACD and highest(overSoldRSI[1], 4) > 0;

 

[dmillz]

Hi, can someone Show AMC Buy the dip indicator on 1/20/21 & 1/21/21 on 1 hour chart?

 

[BenTen]

@dmillz Here is the hourly chart of AMC from 01/20/21 - 02/02/21

 

[dmillz]

@dmillz Here is the hourly chart of AMC from 01/20/21 - 02/02/21

@BenTen so was there any signal that fired off? I guess i am looking for a dip and continuation of trend more than a pivot which seems this indicator is

 

[BenTen]

@dmillz Not on the 20th or 21st, but it seems like on the 22nd, the BTD line was at the 0 line (3rd day counting from left to right).

 

[dmillz]

@dmillz Not on the 20th or 21st, but it seems like on the 22nd, the BTD line was at the 0 line (3rd day counting from left to right).

Is there any Arrows or that fire off when it touches?

 

[BenTen]

@dmillz Yeah, but in this case, the line didn't cross below 0...so no arrow. The workaround is to increase the value of the Zero line. I know some of our members, including @chewie76, have changed their 0 line to 0.016 to increase the number of signals. It just depends on how aggressive you are.

 

[hexis777]

Hello friends, I am looking for someone who speaks Spanish and uses this "BTD" technique to see if it is possible to give me a hand since I am a little lost, Thanks a lot