Confirmation Candles Indicator For ThinkorSwim

[ribitzki21490]

I added the Confirmation Candles V.10 without a problem. When I add the script for Consensus Confirmation Candles C3 v6, I get this light/dark grey clouds. Any insight would be great, not sure if I did something wrong or put the wrong code in:


12452[/ATTACH]']

 

[Christopher84]

I added the Confirmation Candles V.10 without a problem. When I add the script for Consensus Confirmation Candles C3 v6, I get this light/dark grey clouds. Any insight would be great, not sure if I did something wrong or put the wrong code in:


12458[/ATTACH]']

Hi @ribitzki21490,
What you are seeing is the Ichimoku Cloud. It can be set to "no" in settings to turn it off.

 

[danjoh]

Will do! Feel free to get in touch with me on discord as well.

Hello Christopher, I think I got things right. Love for you peek at my Workspace. Any suggestion would be welcome. Primarly I am interested in tightening the levels in order get fewer and better signals. As is it confusing with do many signals. Can this be done?

I saved image to desktop, but this wants a URL: No idea how

Ok, here we go:

https://ibb.co/zNzbwpj

 

[s1111]

Hello Christopher, I think I got things right. Love for you peek at my Workspace. Any suggestion would be welcome. Primarly I am interested in tightening the levels in order get fewer and better signals. As is it confusing with do many signals. Can this be done?

I saved image to desktop, but this wants a URL: No idea how

You should sign up with imgbb.com , once you upload pictures you will get a URL which you can post pictures here . I just learned that few days ago lol

 

[danjoh]

Will do! Feel free to get in touch with me on discord as well.

@Christopher84 , I think I got things right. Love for you peek at my Workspace. Any suggestion would be welcome. Primarly I am interested in tightening the levels in order get fewer and better signals. As is it confusing with do many signals. Can this be done?

https://tos.mx/bWjZAY8 Hoping I got this correct.

 

[WOLVES]

@Christopher84 for the MTF Moving Average Lower how do I scan for price crossing above the daily and weekly averages, for an uptrend and below for a downtrend.

thanks

 

[Christopher84]

@Christopher84 for the MTF Moving Average Lower how do I scan for price crossing above the daily and weekly averages, for an uptrend and below for a downtrend.

thanks

Hi @WOLVES,
You can scan for price being above the 10 ema on both aggregation periods (day and week). That's probably the easiest way to I can think of. I hope that helps!

 

[WOLVES]

Hi @WOLVES,
You can scan for price being above the 10 ema on both aggregation periods (day and week). That's probably the easiest way to I can think of. I hope that helps!

Hi @Christopher84 how do I do that? I tried using the indicator but, the code was to complex.

 

[Christopher84]

Hi @Christopher84 how do I do that? I tried using the indicator but, the code was to complex.

@WOLVES here try this https://tos.mx/WR2AMfi. This will scan for price being greater than both the day and week 10 ema. Here is a scan I shared previously that tries to identify when both averages are pointing upward and the day ema is about to cross above the week ema https://tos.mx/Ef2UZec. It's not perfect. As you noted, the code is too complex to scan so this is my best approximation. Happy trading!

 

[WOLVES]

@WOLVES here try this https://tos.mx/WR2AMfi. This will scan for price being greater than both the day and week 10 ema. Here is a scan I shared previously that tries to identify when both averages are pointing upward and the day ema is about to cross above the week ema https://tos.mx/Ef2UZec. It's not perfect. As you noted, the code is too complex to scan so this is my best approximation. Happy trading!

Thanks @Christopher84 the scan works.

 

[danjoh]

Hello Christopher, I think I got things right. Love for you peek at my Workspace. Any suggestion would be welcome. Primarly I am interested in tightening the levels in order get fewer and better signals. As is it confusing with do many signals. Can this be done?

I saved image to desktop, but this wants a URL: No idea how

Hello Christopher, I think I got things right. Love for you peek at my Workspace. Any suggestion would be welcome. Primarly I am interested in tightening the levels in order get fewer and better signals. As is it confusing with do many signals. Can this be done?

I saved image to desktop, but this wants a URL: No idea how

Ok, here we go:

https://ibb.co/zNzbwpj

Finally had success with image, again thank you for your review and suggestiions

 

[Christopher84]

Finally had success with image, again thank you for your review and suggestiions

Hi @danjoh,
There are some really useful studies in your setup. The first thing that stands out to me is that you have some repetitiveness in the overall set. Your screen space is valuable and avoiding repetitive information is helpful. I personally don’t use lower studies very often. That’s why I developed labels on the most current version of C3. RSI is already in the C3 study set. OB and OS indications are shown by the labels. Another thing to consider is, using Buy the Dip on a higher time frame chart(it can catch larger swings). Another thing I like is stacking two different time frame charts (for instance day and 4 hour or day and 30 min). It’s imperative to assess the strength of an asset on a higher timeframe before jumping in on lower timeframes. It helps prevent whiplash as well as improve entries and exits. I hope that helps!

 

[danjoh]

Hi @danjoh,
There are some really useful studies in your setup. The first thing that stands out to me is that you have some repetitiveness in the overall set. Your screen space is valuable and avoiding repetitive information is helpful. I personally don’t use lower studies very often. That’s why I developed labels on the most current version of C3. RSI is already in the C3 study set. OB and OS indications are shown by the labels. Another thing to consider is, using Buy the Dip on a higher time frame chart(it can catch larger swings). Another thing I like is stacking two different time frame charts (for instance day and 4 hour or day and 30 min). It’s imperative to assess the strength of an asset on a higher timeframe before jumping in on lower timeframes. It helps prevent whiplash as well as improve entries and exits. I hope that helps!

Thank you very much. I have a tendency to overdo charts and get caught in analysts paralysis. Your suggestions are well taken. Appreciate your time.

 

[danjoh]

I had ask this a few days ago and may have missed a response. Apologies for asking again.

I am wondering if there might be a way to strengthen the criteria for the Confirmation Level Candles to produce a fewer less arrows? Without zooming way in there are just too many for me to make sense of it all. I think fewer arrows might also strengthen the signals reliability. I don't day trade much.

 

[Christopher84]

I had ask this a few days ago and may have missed a response. Apologies for asking again.

I am wondering if there might be a way to strengthen the criteria for the Confirmation Level Candles to produce a fewer less arrows? Without zooming way in there are just too many for me to make sense of it all. I think fewer arrows might also strengthen the signals reliability. I don't day trade much.

Hi @danjoh,
The reason you are getting so many arrows is due to you utilizing a one minute chart. The lower the timeframe the more signals you will get. Also, the signals on lower timeframes are far less potent. If you don’t day trade much, maybe consider swing trading a 4 hour chart for fewer signals that are more significant. I hope that helps. Happy Thanksgiving!

 

[DeepThinker]

@Christopher84 I hope all is well.
I want to thank you again for sharing your work with community.
Your C3 indicator is the state-of-art tool that can be used for trading any strategy!
In preparation for the 2022 trading days,
Do you have plans to make further updates to a current public version?
Do you plan on releasing new tools that can be used along with C3?

Happy Holidays,
GCS

 

[Christopher84]

@Christopher84 I hope all is well.
I want to thank you again for sharing your work with community.
Your C3 indicator is the state-of-art tool that can be used for trading any strategy!
In preparation for the 2022 trading days,
Do you have plans to make further updates to a current public version?
Do you plan on releasing new tools that can be used along with C3?

Happy Holidays,
GCS

Thank you so much for the kind words! I have many things I have been working on over the last several months that I am planning on sharing this coming year. I will be sure to keep you posted when they are released. Happy trading GCS! And Happy Holidays to you as well!

 

[Nix2nix]

@Christopher84 thanks for these indicators. A few questions regarding the Confirm level and the MACD OB/OS for the watchlist. Do they have to be used together? Also, what do the numbers from 0 to 13 mean on the Confirm Level? I apologize if it was already asked in this thread but it's a lot to go through.

 

[ALV]

@Christopher84 thanks for these indicators. A few questions regarding the Confirm level and the MACD OB/OS for the watchlist. Do they have to be used together? Also, what do the numbers from 0 to 13 mean on the Confirm Level? I apologize if it was already asked in this thread but it's a lot to go through.

You can check page 1, posts 16 & 17 and page 5, post 100 for more information related to your question. Hope this help.

 

[Christopher84]

You can check page 1, posts 16 & 17 and page 5, post 100 for more information related to your question. Hope this help.

Nice references @ALV!!! Thank you