Confirmation Candles Indicator For ThinkorSwim

[Christopher84]

is it possible to scan for when priceColor == 1
keep getting complexity issues

It is too complex. However, I was able to create a watchlist column that does pretty well.

 

[Trader Raider]

The MTF MA Cloud (15 min, 30 min setting) and Confirmation Candle colors are doing a great job nailing price movement on a 5 min chart. They're also providing confirmation for the B4 strategy signals. That was a fun little short this morning!

imgur.com/a/ByebM72

 

[Christopher84]

The MTF MA Cloud (15 min, 30 min setting) and Confirmation Candle colors are doing a great job nailing price movement on a 5 min chart. They're also providing confirmation for the B4 strategy signals. That was a fun little short this morning!

imgur.com/a/ByebM72

That is how its done! Nice read on the price action!

 

[Christopher84]

Just posted a script for MTF STARC on page 1 of this thread. It goes really nicely with the MTF MA Cloud for anyone interested. It helps set potential targets or entries as well as give insight to the overall trend environment.

 

[s1111]

@Christopher84 . You're putting out lots of hard work and sharing with everyone, I believe in more you give without wanting anything in return the more blessing from the universe will gift you. Keep up the good work, may you be blessed with happiness, good health, and good fortune!!

Thank you

 

[jay2]

Thanks @Christopher84 - you the man!

 

[graci117]

The MTF MA Cloud (15 min, 30 min setting) and Confirmation Candle colors are doing a great job nailing price movement on a 5 min chart. They're also providing confirmation for the B4 strategy signals. That was a fun little short this morning!

imgur.com/a/ByebM72

Hi @Trader Raider - Do you mind sharing your tos chart?

 

[Bigdaddy01]

This has to be one of the best indicators I have ever used. I played with LRCX AND AMZN. Profit on LRCX 0ver 9,000. Both CALL/PUTS AMZN $465.00 on a put. So mad at myself I should have trusted the chart! Would have 10 times my money with AMZN.

I did change the macd to 8/16/10 Time frames 1 minute 5 minute 10 minute and 15 min.

Which Version and setting did you use?
Could you please share where you put in 4 different time frames?
or just share you chart?

 

[easyman]

@Christopher84 (Caps wording is to show difference ...and not yelling )

Thanks for the V4... this is just my observation

1) I didn't see any pluses by adding the MTF Cloud... as it only gives the COLOR change of candle (which you get anyway without it). Am i using it wrong
2) I also added an arrow ( the earlier one you had in Ver 3) with the consensus level ... and i found it useful too when i tie with the SHORT TERM resistance or SUPPORT... for example when it's RESISTANCE and i see the Arrow ... i see short ( hope i make sense).

Let me know if i am not clear...as i can reach out on Discord ( I am VIP too)

Just want to throw my observation

Thanks
MN

 

[sean1970ss]

Which Version and setting did you use?
Could you please share where you put in 4 different time frames?
or just share you chart?

I used the latest version pg #1. I know Chris added a few things but I see no need to update. I just changes my time frames to see how they coinside with each other. My main screens are 5-15 min charts. Sometimes 10. I am still learning cautious but my confidence is building. Listen to the chart and no emotions. I will send a screen shot.

 

[Christopher84]

Hi Everyone!
Due to the overwhelming request, I will be hosting a live discussion on the B4 Discord Channel (it will be free) this Friday starting at 3:00 central time zone . I will be sharing my screen as I field questions on CC Candles. I will be looking forward to the discussion. I am sure it will be very beneficial. Special thanks to @barbaros and the B4 team for hosting the discussion. Be sure to get signed up with discord if you haven't already!

 

[Sammy800]

Just posted a script for MTF STARC on page 1 of this thread. It goes really nicely with the MTF MA Cloud for anyone interested. It helps set potential targets or entries as well as give insight to the overall trend environment.

Thanks Christopher your work is great. The study works well and really appreciate all the hard work you have put into it. Thanks

 

[Christopher84]

Thanks Christopher your work is great. The study works well and really appreciate all the hard work you have put into it. Thanks

Thank you Sammy800! I am glad you are making good use of it!

 

[Madhu]

Hi Everyone!
Due to the overwhelming request, I will be hosting a live discussion on the B4 Discord Channel (it will be free) this Friday starting at 3:00 central time zone . I will be sharing my screen as I field questions on CC Candles. I will be looking forward to the discussion. I am sure it will be very beneficial. Special thanks to @barbaros and the B4 team for hosting the discussion. Be sure to get signed up with discord if you haven't already!

Thank you,
I am not able to find you in Discord channel, even i verified with BenTen and you didn’t yet joined.
Please could you confirm if you joined in Discord?

 

[Bigdaddy01]

I used the latest version pg #1. I know Chris added a few things but I see no need to update. I just changes my time frames to see how they coinside with each other. My main screens are 5-15 min charts. Sometimes 10. I am still learning cautious but my confidence is building. Listen to the chart and no emotions. I will send a screen shot.

Great thanks, I am standing by for the screen shot.

 

[graci117]

Thank you,
I am not able to find you in Discord channel, even i verified with BenTen and you didn’t yet joined.
Please could you confirm if you joined in Discord?

He is on the B4 discord channel. You can join the discord from the website - http://b4signals.com/

 

[Madhu]

He is on the B4 discord channel. You can join the discord from the website - http://b4signals.com/

Thank you. Got it

 

[Madhu]

I think the best idea is to give you the components of the scan so you are able to setup instead of relying on the share link. So here are the codes I am using to do the scan with images to show my settings.

# MTF Moving Average Cloud Scan Day (For Scan Only)

declare lower;
input length = 10;
input agperiod1 = {"1 min", "2 min", "5 min", "10 min", "15 min", "30 min", "60 min", "4 hours", default "Day", "Week"};
#input agperiod2 = {"1 min", "2 min", "5 min", "10 min", "15 min", "30 min", "60 min", "4 hours", "Day", default "Week"};

plot avg1 = ExpAverage(close(period = agperiod1), length);
def height = avg1 - avg1[length];
avg1.SetStyle(Curve.SHORT_DASH);
avg1.SetLineWeight(1);
#avg.SetDefaultColor(Color.Gray);
plot UP1 = avg1[1] < avg1;
def DOWN1 = avg1[1] > avg1;
Avg1.AssignValueColor(if UP1 then Color.LIGHT_GREEN else if DOWN1 then Color.RED else Color.YELLOW);

#plot avg2 = ExpAverage(close(period = agperiod2), length);
#def height2 = avg2 - avg2[length];
#avg2.SetStyle(Curve.SHORT_DASH);
#avg2.SetLineWeight(1);
#avg.SetDefaultColor(Color.Gray);

#def UP2 = avg2[1] < avg2;
#def DOWN2 = avg2[1] > avg2;
#Avg2.AssignValueColor(if UP2 then Color.LIGHT_GREEN else if DOWN2 then Color.RED else Color.YELLOW);

plot price1 = close;
def UP3 = price1[1] < price1;
def DOWN3 = price1[1] > price1;
price1.AssignValueColor(if UP3 then Color.LIGHT_GREEN else if DOWN3 then Color.RED else Color.YELLOW);


#AddCloud(avg2, avg1, Color.LIGHT_RED, Color.CURRENT);
#AddCloud(avg1, avg2, Color.LIGHT_GREEN, Color.CURRENT);

Here's the MA Week scan component.

# MTF Moving Average Cloud (For Week Scan Only)

declare lower;
input length = 10;
#input agperiod1 = {"1 min", "2 min", "5 min", "10 min", "15 min", "30 min", "60 min", "4 hours", default "Day", "Week"};
input agperiod2 = {"1 min", "2 min", "5 min", "10 min", "15 min", "30 min", "60 min", "4 hours", "Day", default "Week"};

#plot avg1 = ExpAverage(close(period = agperiod1), length);
#def height = avg1 - avg1[length];
#avg1.SetStyle(Curve.SHORT_DASH);
#avg1.SetLineWeight(1);
#avg.SetDefaultColor(Color.Gray);
#def UP1 = avg1[1] < avg1;
#def DOWN1 = avg1[1] > avg1;
#Avg1.AssignValueColor(if UP1 then Color.LIGHT_GREEN else if DOWN1 then Color.RED else Color.YELLOW);

plot avg2 = ExpAverage(close(period = agperiod2), length);
def height2 = avg2 - avg2[length];
avg2.SetStyle(Curve.SHORT_DASH);
avg2.SetLineWeight(1);
avg2.SetDefaultColor(Color.Gray);

plot UP2 = avg2[1] < avg2;
def DOWN2 = avg2[1] > avg2;
Avg2.AssignValueColor(if UP2 then Color.LIGHT_GREEN else if DOWN2 then Color.RED else Color.YELLOW);

plot price1 = close;
def UP3 = price1[1] < price1;
def DOWN3 = price1[1] > price1;
price1.AssignValueColor(if UP3 then Color.LIGHT_GREEN else if DOWN3 then Color.RED else Color.YELLOW);


#AddCloud(avg2, avg1, Color.LIGHT_RED, Color.CURRENT);
#AddCloud(avg1, avg2, Color.LIGHT_GREEN, Color.CURRENT);

Here are the results of my scan this morning.

Let me know if you have any trouble setting it up. I had to break the code up a bit due to it being an MTF indicator.

 

[vhawkx]

Hi Everyone!
Due to the overwhelming request, I will be hosting a live discussion on the B4 Discord Channel (it will be free) this Friday starting at 3:00 central time zone . I will be sharing my screen as I field questions on CC Candles. I will be looking forward to the discussion. I am sure it will be very beneficial. Special thanks to @barbaros and the B4 team for hosting the discussion. Be sure to get signed up with discord if you haven't already!

@Christopher84, would love to hear your thoughts on your indicator and see how others view and use it as well. Will try to make it if work permits. Was also wondering if it was possible for you to do a recording for those of us that cannot make it or who may be in and out during that time?

 

[texas_trader]

Hi Everyone!
Due to the overwhelming request, I will be hosting a live discussion on the B4 Discord Channel (it will be free) this Friday starting at 3:00 central time zone . I will be sharing my screen as I field questions on CC Candles. I will be looking forward to the discussion. I am sure it will be very beneficial. Special thanks to @barbaros and the B4 team for hosting the discussion. Be sure to get signed up with discord if you haven't already!

@Christopher84: Thanks a lot. I have joined recently and am looking forward to understand how this indicator is being used.