Confirmation Candles Indicator For ThinkorSwim

[tosman]

Hi @tosman!
Just posted the SPX version of the code on pg.1. Hope you find it useful!

Thank you

 

[lolreconlol]

Does anyone have issues with arrows/etc not updating? Watching NVDA this morning, no down arrow on the 10 minute.. I change the timeframe and go right back, and there is a down arrow and the green bands shifted. Should this be updating in real time? Am I missing something?

 

[BeEazy10]

Does anyone have issues with arrows/etc not updating? Watching NVDA this morning, no down arrow on the 10 minute.. I change the timeframe and go right back, and there is a down arrow and the green bands shifted. Should this be updating in real time? Am I missing something?

I did notice that also.

 

[MerryDay]

Does anyone have issues with arrows/etc not updating? Watching NVDA this morning, no down arrow on the 10 minute.. I change the timeframe and go right back, and there is a down arrow and the green bands shifted. Should this be updating in real time? Am I missing something?

I did notice that also.

Mod note:
The script uses the functions: HighestAll and InertiaAll which TDA broke in an update and has no plans on fixing. These functions no longer calculates in real time, which will cause scripts that use it to have laggy /weird issues. Read more here: https://usethinkscript.com/threads/...ing-issues-due-to-tos-update.8794/#post-72937

 

[BeEazy10]

Mod note:
The script uses the functions: HighestAll and InertiaAll which TDA broke in an update and has no plans on fixing. These functions no longer calculates in real time, which will cause scripts that use it to have laggy /weird issues. Read more here: https://usethinkscript.com/threads/...ing-issues-due-to-tos-update.8794/#post-72937

Thanks for sharing this information

 

[lolreconlol]

That's a bummer.. what's the best way to utilize this indicator with that limitation?

 

[Christopher84]

Mod note:
The script uses the functions: HighestAll and InertiaAll which TDA broke in an update and has no plans on fixing. These functions no longer calculates in real time, which will cause scripts that use it to have laggy /weird issues. Read more here: https://usethinkscript.com/threads/...ing-issues-due-to-tos-update.8794/#post-72937

Hi @MerryDay!
Just reviewed the code, and it appears the only portion of code that is affected by this will be the C3_MF_Line extension. I have omitted that part of the code to improve the functionality. Hopefully this will resolve the issue. Thank you for the info!

 

[Christopher84]

That's a bummer.. what's the best way to utilize this indicator with that limitation?

New code is posted on pg.1 of the thread. The issue should be resolved.

 

[Christopher84]

I did notice that also.

Hi @BeEazy10,
Just updated the code on pg.1. Give it a try and see if it fixes the issue for you. Happy trading!

 

[lolreconlol]

New code is posted on pg.1 of the thread. The issue should be resolved.

Thanks! I'll update it and check it out. Are you still using it with extended hours on?

 

[Christopher84]

Thanks! I'll update it and check it out. Are you still using it with extended hours on?

Hi @lolreconlol,
I do leave extended hours on typically. It provides a better read on the OB/OS levels in my opinion. It will work well either way though.

 

[tosman]

New code is posted on pg.1 of the thread. The issue should be resolved.

Sorry @Christopher84 , on Pg 1, I am not seeing a study with today's(?) date. I am assuming that the updated study is either the Scalper_v2 or C3_Max_v2?

 

[Christopher84]

Sorry @Christopher84 , on Pg 1, I am not seeing a study with today's(?) date. I am assuming that the updated study is either the Scalper_v2 or C3_Max_v2?

It’s the C3_Max_v2

 

[tosman]

It’s the C3_Max_v2

Thank you @Christopher84
I am using the "C3_Max_v2_Strategy_LE_SE" study for /ES on a 5 min timeframe (as per your recommendation). I don't see arrows on this study either. Wondering similar changes need to be done for this study also?

 

[Christopher84]

Thank you @Christopher84
I am using the "C3_Max_v2_Strategy_LE_SE" study for /ES on a 5 min timeframe (as per your recommendation). I don't see arrows on this study either. Wondering similar changes need to be done for this study also?

Just made the same change to the strategy. Should be working now.

 

[tosman]

Just made the same change to the strategy. Should be working now.

Fantastic! Thank you.

 

[lolreconlol]

What timeframe have you guys had the most success with? Got killed today on the 1 minute.. oops!

 

[MerryDay]

What timeframe have you guys had the most success with? Got killed today on the 1 minute.. oops!

@lolreconlol
The 1, 2, 3, 4min charts are used for scalping. Many indicators including this one will not perform optimally on these aggregations due to noise and lag.

This study contains lagging indicators.
Defined as such because it uses moving averages which lag 1/2 their length.
One example in this study: the Bollinger / Keltner bands use a length of 20 in calculating their averages. Their lag equates to 10min.

This is not a 'significant' problem for day traders. The most popular timeframe for day trading is the 15min chart.
https://www.benzinga.com/general/education/20/11/18386481/the-best-chart-time-frames-for-day-trading

You can use the lower timeframe chart to confirm entry preferably with something that doesn't lag or uses a very short ema.

 

[Christopher84]

What timeframe have you guys had the most success with? Got killed today on the 1 minute.. oops!

Hi @lolreconlol,
Can you share a screenshot? Elaborate a bit more (what indicator signal were you using?). Why did you "get killed"? In general, if you are new to trading the 1 min chart can be brutal. Larger timeframes can help you find more consistency as a trader. I have been using the 3 min, 10 min, and 30 min charts for the strategies that I am currently using. I like those timeframes due to the ease of trade (fewer trades overall) and the success the strategies have on those timeframes. I have also been known to swing trade 4 hour charts. If you can share a bit more, it will be easier to point you in the right direction.

 

[lolreconlol]

Hi @lolreconlol,
Can you share a screenshot? Elaborate a bit more (what indicator signal were you using?). Why did you "get killed"? In general, if you are new to trading the 1 min chart can be brutal. Larger timeframes can help you find more consistency as a trader. I have been using the 3 min, 10 min, and 30 min charts for the strategies that I am currently using. I like those timeframes due to the ease of trade (fewer trades overall) and the success the strategies have on those timeframes. I have also been known to swing trade 4 hour charts. If you can share a bit more, it will be easier to point you in the right direction.

Thought it would bounce here again like it did in the morning at this level.. got stopped out almost immediately! All my settings are default.. I think I need to zoom out a little bit and use the 10 minute. This was on NVDA at 10:45.

https://imgur.com/a/QnWKwK6