Repaints Chewie's Super Trend, Hull Average, Donchian Trend Ribbon Trading System for ThinkorSwim

[lolreconlol]

Okay did some tweaks to the 2 minute, Hull 55, ATR 2.25.

Added the RSIL Laguerre indicator for confirmation / being able to stay in the trades longer after 1-4x profit targets. Notice, $VOLD and $ADD donchian green, all 3 confirmations on Chewie's system, RSIL is sloping upwards then pins at the top, along with lower donchian being Cyan (major buying pressure) and the move skyrockets with 0 indication to get out or even stress about your trade. Obviously hindsight though.

Back tested it over 30 days and it seems to work wonders on /ES and /NQ.

Clearly a handpicked example, but it is incredible on just about every entry once all confirmations line up.

Thanks again @chewie76.

Here's a link the workspace if you'd like;
https://tos.mx/yYEHPZZ

Interesting.. I'll take a look at this. Until now, I've just been watching SPY and SQQQ/VIX

 

[Gssound]

Okay did some tweaks to the 2 minute, Hull 55, ATR 2.25.

Added the RSIL Laguerre indicator for confirmation / being able to stay in the trades longer after 1-4x profit targets. Notice, $VOLD and $ADD donchian green, all 3 confirmations on Chewie's system, RSIL is sloping upwards then pins at the top, along with lower donchian being Cyan (major buying pressure) and the move skyrockets with 0 indication to get out or even stress about your trade. Obviously hindsight though.

Back tested it over 30 days and it seems to work wonders on /ES and /NQ.

Clearly a handpicked example, but it is incredible on just about every entry once all confirmations line up.

Thanks again @chewie76.

Here's a link the workspace if you'd like;
https://tos.mx/yYEHPZZ

Would love to try your format out tomorrow. Could you post a sharable link for the RSIL Laguerre indicator you are using? Thank you.

 

[DGreenleaf17]

Would love to try your format out tomorrow. Could you post a sharable link for the RSIL Laguerre indicator you are using? Thank you.

https://usethinkscript.com/threads/rsi-laguerre-with-fractal-energy-for-thinkorswim.116/

Or you can go to the shared workspace and go to the indicators from there.

 

[shizah]

https://usethinkscript.com/threads/rsi-laguerre-with-fractal-energy-for-thinkorswim.116/

Or you can go to the shared workspace and go to the indicators from the

Can you share your /NQ Chart? For whatever reason, your workspace link only loads the charts w/o the indicators.

 

[ksgtrader]

Okay did some tweaks to the 2 minute, Hull 55, ATR 2.25.

Added the RSIL Laguerre indicator for confirmation / being able to stay in the trades longer after 1-4x profit targets. Notice, $VOLD and $ADD donchian green, all 3 confirmations on Chewie's system, RSIL is sloping upwards then pins at the top, along with lower donchian being Cyan (major buying pressure) and the move skyrockets with 0 indication to get out or even stress about your trade. Obviously hindsight though.

Back tested it over 30 days and it seems to work wonders on /ES and /NQ.

Clearly a handpicked example, but it is incredible on just about every entry once all confirmations line up.

Thanks again @chewie76.

Here's a link the workspace if you'd like;
https://tos.mx/yYEHPZZ

@DGreenleaf17 Thanks for sharing the workspace, When I tried to import the workspace looks like all the studies are not getting imported.

 

[DGreenleaf17]

Can you share your /NQ Chart? For whatever reason, your workspace link only loads the charts w/o the indicators.

Sorry about that. https://tos.mx/nEzSmoX

 

[DGreenleaf17]

@DGreenleaf17 Thanks for sharing the workspace, When I tried to import the workspace looks like all the studies are not getting imported.

The main studies are on the link I just shared above, you could just replicate it like I did if you wish. Sorry, couldn't figure out how to share an entire workspace.

 

[trader_]

@chewie76 Wow. Incredible results today with /ES. Question. I seem to be using 4 lots per trade. However, I noticed your intro to the strategy mentions 5 targets. Are you going using the magenta line as a target as well? So, target 1 is magenta, target 2 is yellow, then so on...

Thank you!

 

[tenacity11]

@ chewie
Wondering if you would have any input as to what the best settings would be if using the recent plots strategy on a 144 tick chart.
thanks

 

[lolreconlol]

@chewie76 - any tips on avoiding the chop, and being ready for the big move? When you trade, do you just have your 4 minute timeframe up or do you have a couple others? Looking back, I guess I should've had a closer eye on the 200 and noticed that 2-3 long attempts couldn't break it...

https://imgur.com/a/9vClwN8

Also.. any tips on playing the open when there's a big gap down (like today)? Would you recommend having a lower timeframe (1/2 minutes) on your chart as well? I sat there watching this all day and never pulled the trigger.. darn.

https://imgur.com/a/k1WracH

 

[lolreconlol]

@chewie76 will you go long/short if the candles don't match up? See photo below.. we crossed the short line but the candles are still green.

https://imgur.com/a/Oh6Qmyj

 

[ChristianS]

@chewie76 will you go long/short if the candles don't match up? See photo below.. we crossed the short line but the candles are still green.

https://imgur.com/a/Oh6Qmyj

but at lower the confirmation tells us it will be short…

 

[lolreconlol]

but at lower the confirmation tells us it will be short…

yep, but didn't have much movement from there.. so I'm wondering if we should only be going long/short if we have candles that match up.

https://imgur.com/a/Ql2op8y

 

[ChristianS]

yep, but didn't have much movement from there.. so I'm wondering if we should only be going long/short if we have candles that match up.

https://imgur.com/a/Ql2op8y

personally I wouldn't risk because I feel exhausted and senals unclear in the tendency so I would let her pass, don't forget that there are many fish in the water …….

 

[Trader_Rich]

This may have been covered, and if it has I apologize in advance. If you have a long signal below the white EMA...do you forgo the trade until you are above the EMA....ie, only trading with the trend?

 

[viper8690]

This may have been covered, and if it has I apologize in advance. If you have a long signal below the white EMA...do you forgo the trade until you are above the EMA....ie, only trading with the trend?

This is his response from post #31

I don't ignore the short signals while above the 200. Look to see when the last time it touched the 200. Consider taking profit at the first dashed magenta line or the dashed yellow line when going against the 200.

Personally, on high volatility days, I wouldn't go against the trend for anything more than a simple scalp and even that is pretty rich for my blood.

 

[METAL]

Hey all. I am trying to get a scan to work for this strategy. I think I am on the right track, however, I do not know what option to select when in the edit window. What I would like an alert / watchlist to populate by, is the "Square" and "Triangle". I think these are called Hull Buy and Hull Sell but this option isn't available in the dropdown list. I saved this strategy as a study in order to be able to access it in the edit window of the scanner as it doesn't have the option to choose strategy from the list. Is this correct? I would like for this scan to be sent to a watchlist and the stocks that get the "Hull Buy" (I think) will show up and leave after a bit or maybe an alert just so I know when it happens. Hope this makes sense.

 

[Goingdark365]

Hey all. I am trying to get a scan to work for this strategy. I think I am on the right track, however, I do not know what option to select when in the edit window. What I would like an alert / watchlist to populate by, is the "Square" and "Triangle". I think these are called Hull Buy and Hull Sell but this option isn't available in the dropdown list. I saved this strategy as a study in order to be able to access it in the edit window of the scanner as it doesn't have the option to choose strategy from the list. Is this correct? I would like for this scan to be sent to a watchlist and the stocks that get the "Hull Buy" (I think) will show up and leave after a bit or maybe an alert just so I know when it happens. Hope this makes sense.

I think it’s just close crossing 200 ema

 

[METAL]

So I have tested this strategy countless times on 1 min, 3 min, 5 min, and 15 min time frames. I have lost way more times than I won. I was stupid and tried it in actual live trading and lost $324.00. So I then decided to try it Paper trading. I would like to know if others are actually using this strat on a daily basis and if so, what timeline?

 

[Trader_Rich]

So I have tested this strategy countless times on 1 min, 3 min, 5 min, and 15 min time frames. I have lost way more times than I won. I was stupid and tried it in actual live trading and lost $324.00. So I then decided to try it Paper trading. I would like to know if others are actually using this strat on a daily basis and if so, what timeline?

I went back and started using this strat again a few weeks ago but I use 1000tick volume bars strictly paper trading but I've been very consistent.

With that said I dont like the Donchian lower indicator with 1000tick charts. Ive been using the TMO by mobius and another indicator that im working on insteas