Confirmation Candles Indicator For ThinkorSwim

[Christopher84]

Hi @Christopher84 . Thanks for getting back. That's too bad bro, I like the way it works. Hopefully, you can make this script work better. This morning I was looking at TSLA with your script, Spot on. I see potential, Keep up the good work!!

Hi @s1111,
It is an interesting script, unfortunately, there's no way of fixing that issue. ALL pivot studies are prone to repaint. That's why I opted ultimately to omit the study from C3. Thank you for the feedback!

 

[irishgold]

@s1111 Like @Christopher84 said what you are seeing are the Pivot Arrows and why they point so "spot on" it is always revising what the low or the high was and so looking in hindsight it is spot on. Using multiple indications and looking for agreement is a better hint at what might happen but not guaranteed.

 

[Miami51961]

Christopher84
I am really studying your indicator and think is a top-notch addition to this site. I do have a question. I ran your scanner from page 9 and do like the results, but my question is it better to wait for the cloud to turn green before looking at entry points. I guess this might depend on your risk tolerance. The signals look very promising.
miami553

 

[diamondhands]

Hello , I have a question regarding MTF clouds, When we use it on lower timeframe, what is the best second aggregation to use? Is there a ratio or measure on what aggregations should be used ? For example i want to use it on 5 min TF

 

[Christopher84]

Hello , I have a question regarding MTF clouds, When we use it on lower timeframe, what is the best second aggregation to use? Is there a ratio or measure on what aggregations should be used ? For example i want to use it on 5 min TF

Hi @diamondhands!
I would suggest using the 15 min or 30 min for agperiod2.

 

[Christopher84]

Christopher84
I am really studying your indicator and think is a top-notch addition to this site. I do have a question. I ran your scanner from page 9 and do like the results, but my question is it better to wait for the cloud to turn green before looking at entry points. I guess this might depend on your risk tolerance. The signals look very promising.
miami553

Hi @Miami51961,
You are correct. It would depend on your risk tolerance and rules for entering a trade. I personally will make an entry on a red cloud when both averages around the red cloud are green. I refer to this as a spark signal. I will only use this approach on assets that have strong long term performance (generally looking at the month chart to determine this). I hope that helps! Happy trading!

 

[Khahuy12]

On a shitty red day and I'm 8/10 using this indicator . Please advice how to put on sound alert.

 

[Christopher84]

Hi @Miami51961,
The two lower studies you have on your chart will be different since they are measuring different things. The top one is showing Consensus Level and the lower one is the Super OB/OS indicator. In both instances the dashed lines are meant to serve as potential support and resistance levels as well as give a visual for when the main line is pulling away from resistance or support. I hope that helps!

 

[Miami51961]

Hi @Miami51961,
The two lower studies you have on your chart will be different since they are measuring different things. The top one is showing Consensus Level and the lower one is the Super OB/OS indicator. In both instances the dashed lines are meant to serve as potential support and resistance levels as well as give a visual for when the main line is pulling away from resistance or support. I hope that helps!

Thank You

 

[Oleron]

Hi @Miami51961,
The two lower studies you have on your chart will be different since they are measuring different things. The top one is showing Consensus Level and the lower one is the Super OB/OS indicator. In both instances the dashed lines are meant to serve as potential support and resistance levels as well as give a visual for when the main line is pulling away from resistance or support. I hope that helps!

May I ask how you're using it?

 

[inhouselr]

Can someone help me figure out how to scan when price touches the interm support line?

 

[Miami51961]

Thank You

May I ask how you're using it?

I went back and studied the examples from page 1, and that has really helped

 

[irishgold]

Can someone help me figure out how to scan when price touches the interm support line?

input price = close;
input SqueezeLengthPrice = 75;
plot IntermSupport = Lowest(price, SqueezeLengthPrice);
So like this:
Low <= Lowest(Close,75) you could add within x bars

 

[inhouselr]

input price = close;
input SqueezeLengthPrice = 75;
plot IntermSupport = Lowest(price, SqueezeLengthPrice);
So like this:
Low <= Lowest(Close,75) you could add within x bars

Thanks for your help! I added it to my Scanner Custom Filter but I'm not able to include the condition within x bars.

 

[irishgold]

Put this in place of what you have : plot scan = low is less than or equal to Lowest("data" = Close, "length" = 75) within 3 bars;

 

[FreefallJM03]

Is there anyway to run this script without the colored candles? When I run this on a chart it turns a candle that closes lower into a green filled candle rather than a red candle. I prefer having the same colors as the default. When I turn off the colored candles in the script, it still has them colored.

 

[Christopher84]

Is there anyway to run this script without the colored candles? When I run this on a chart it turns a candle that closes lower into a green filled candle rather than a red candle. I prefer having the same colors as the default. When I turn off the colored candles in the script, it still has them colored.

Make sure you don't have the study added multiple times in your study set.

 

[FreefallJM03]

Make sure you don't have the study added multiple times in your study set.

I can't get them out even when I remove the study from the chart entirely. Even if I remove all scripts, it is still showing the candles that way. I think it is because I had linked charts.

 

[Christopher84]

I can't get them out even when I remove the study from the chart entirely. Even if I remove all scripts, it is still showing the candles that way. I think it is because I had linked charts.

I've never seen that happen. I'm sorry I can't be more help.

 

[PapaTinnnnn]

@Christopher84 I've been watching the video you've made and am trying to go through all the comments about your master piece, love it so far! i'm trying to get used to watching it during the market hours so I can better recognize entry points in real time. Wish me luck! I'll comment back if there are any questions! I'm sure some of them will already be answered if I just read back.