• Get $40 off VIP by signing up for a free account! Sign Up

Changing market indicator adjustments

sinistralleo

New member
People with a lot more experience than me talk about adjusting your indicators based on the changing market.
For example, I mainly scalp /ES using MACD w/ 3,12,18, but maybe other levels are better; some people use 24,52,9; some use the default levels.

My question is, how do you adjust it to what is right for you? People aren't really changing one number and back-testing it 100 times, are they? Is there a method to dialing it in? It would take a year to test everything from 3,12,18 to 24,52,9.

Hopefully someone can help.
Thanks in advance.
 
Last edited by a moderator:
@sinistralleo Actually, yes, backtesting is how you determine what indicator settings work... You make a slight adjustment, do a lookback on several regularly traded symbols, and determine whether there is improvement or not... Rinse, repeat, until you find the sweet spot... And when the market environment changes, your settings may need to as well...

What you are looking for is improved alignment of your indicators for the price action and timeframe(s)... As an example, I use different settings for TTM_Squeeze on a 5m/10m/15m timeframe than I do for 30m... It's one of those things where if you want it bad enough you put in the time and effort...

Now, some platforms have methods of doing this for you, so I've heard, but Thinkorswim has no such feature...
 
@sinistralleo Actually, yes, backtesting is how you determine what indicator settings work... You make a slight adjustment, do a lookback on several regularly traded symbols, and determine whether there is improvement or not... Rinse, repeat, until you find the sweet spot... And when the market environment changes, your settings may need to as well...

What you are looking for is improved alignment of your indicators for the price action and timeframe(s)... As an example, I use different settings for TTM_Squeeze on a 5m/10m/15m timeframe than I do for 30m... It's one of those things where if you want it bad enough you put in the time and effort...

Now, some platforms have methods of doing this for you, so I've heard, but Thinkorswim has no such feature...
My luck the market would change during the time it would take to dial it in. lol
I'm curious how other platforms accomplish this now.
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
287 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top