Confirmation Candles Indicator For ThinkorSwim

[Christopher84]

@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?

If for some reason you can’t make it let me know and I’ll see what I can do to help out.

 

[Christopher84]

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?

Yep I’m on there.

 

[graci117]

Results from the strategy using CC Candles on the TSLA. Trading 1 share on the 1 Hour chart 180 days no shorting. 1 hour chart seems to be the sweet spot so far. Any thoughts?

What parameters/studies did you use for this strategy?

 

[Christopher84]

What parameters/studies did you use for this strategy?

I used the signals from the CC Candles.

 

[mmalone]

Hi mmalone,
I removed the arrows from this version. They didn’t seem to be plotting the way I wanted. You shouldn’t see any arrows. The change in color of the candle is the equivalent of an arrow in previous versions.

Well that explains it! Thanks so much!!!

 

[svp284]

I cannot find the code for confirmation level column in the watchlist. Can you please help? Also, if I run the scanner after hours, it does not return any results. Is this expected?

 

[Christopher84]

I cannot find the code for confirmation level column in the watchlist. Can you please help? Also, if I run the scanner after hours, it does not return any results. Is this expected?

Hi svp284!
It’s on page 1 of the thread directly under the screenshot of my watchlist. Are you running the scan on your own watchlist or all symbols?

 

[Christopher84]

Well that explains it! Thanks so much!!!

Don’t worry mmalone, the arrows will return!

 

[svp284]

I imported all the code for the watchlist and running it on all symbols. I found the code for Super_OB_OS_WL column, but not for Confirmation Level column. I imported the watchlist code. Does it include the confirmation level column in it?

 

[Madhu]

Your chart looks great! I typically use the day and week aggregation in the indicator with a chart timeframe of no less than 1 hour. I have used it on a 10 min chart but its not as easy to see (still doable). If you change the indicator to a lower aggregation period for the averages, it will not show up on a higher timeframe charts. For instance, it appears you have set your aggregation periods to 10 min and 30 min, so they will not show on charts with higher timeframes (such as a 1 hour chart). I am not sure if that is what's going on, but it could be part of the issue. Also, I personally like using the day and week aggregation periods due to the strength of those averages as support and resistance. Lower aggregation periods will still work, but it will diminish the strength of the support or resistance. One other thing I wanted to point out is that the MA Cloud was calling the breakout about two bars before the B4. If you see the red cloud with both averages going green (its telling you price action is extremely bullish and about to breakout). Very similar to the signal that the scan is setup to find just on a lower aggregation period. Very nice example!

Hi Christopher,

as per your above point—if you see the red cloud————bullish and about breakout”
Please correct me if my understanding is not correct— need to see the the avg in daily chart and if the avg is green and check this in hourly chart having red cloud—-these will have more chances to breakout?

 

[mmalone]

Don’t worry mmalone, the arrows will return!

Yay! I love the arrows. I have one indicator where I set it to place an arrow where the RSI crossed 49 which matched up well with your first green candle but had too many of them in other areas under red candles which I would have to ignore. Lol

 

[Christopher84]

Hi Christopher,

as per your above point—if you see the red cloud————bullish and about breakout”
Please correct me if my understanding is not correct— need to see the the avg in daily chart and if the avg is green and check this in hourly chart having red cloud—-these will have more chances to breakout?

Hi Madhu,
This was in reference to the MTF MA cloud. When there is a red cloud (meaning the day 10 period ema is below the week 10 period ema), with both dashed lines around the red cloud going green, this tends to happen right before the averages cross and typically results in a bullish breakout. Hope that helps!

 

[svp284]

Hi svp284!
It’s on page 1 of the thread directly under the screenshot of my watchlist. Are you running the scan on your own watchlist or all symbols?

Was talking about this particular column. column

 

[Christopher84]

I imported all the code for the watchlist and running it on all symbols. I found the code for Super_OB_OS_WL column, but not for Confirmation Level column. I imported the watchlist code. Does it include the confirmation level column in it?

The Confirmation WL column code is the very first code below the screenshot of the watchlist on page 1. The code directly beneath that is the Super OB/OS watchlist column.

 

[Madhu]

Hi Madhu,
This was in reference to the MTF MA cloud. When there is a red cloud (meaning the day 10 period ema is below the week 10 period ema), with both dashed lines around the red cloud going green, this tends to happen right before the averages cross and typically results in a bullish breakout. Hope that helps!

Ok thank you

 

[Trader Raider]

Was also wondering if it was possible for you to do a recording for those of us that cannot make it

Same here. Would love to catch a recording of the call.

 

[Christopher84]

Same here. Would love to catch a recording of the call.

Hi Trader Raider!
Are you on discord?

 

[Trader Raider]

Hi Trader Raider!
Are you on discord?

Nope, hate discord. Guess I'll miss hearing your melodious voice Hopefully someone will post the major take-aways from the call here.

Edited to add: BTW, @Christopher84, you have done what I thought no one would ever do. You've got me plotting clouds on my upper chart. Never thought I'd see the day. Still striving for a clean layout ... am getting there, I think.

https://imgur.com/a/wNZ1DCQ

 

[Christopher84]

Nope, hate discord. Guess I'll miss hearing your melodious voice Hopefully someone will post the major take-aways from the call here.

Awww ok I understand. Well, I was going to offer to chat with you there one on one (if you couldn't make it on Friday) since you have followed this indicator from the beginning. Anyhow, if you change your mind, let me know. Hope your trading day is going well!

 

[Christopher84]

Nope, hate discord. Guess I'll miss hearing your melodious voice Hopefully someone will post the major take-aways from the call here.

Edited to add: BTW, @Christopher84, you have done what I thought no one would ever do. You've got me plotting clouds on my upper chart. Never thought I'd see the day. Still striving for a clean layout ... am getting there, I think.

https://imgur.com/a/wNZ1DCQ

That's a beautiful chart! You can see where to buy weakness in the strong trend so easily. Thank you for sharing!!!