Confirmation Candles Indicator For ThinkorSwim

[otal]

Good evening.
First of all thank you Christopher 84, I say for everything you do.
Many, thank you very much.
Excuse me, could you tell us which one it is?
Thank you.

 

[Madhu]

Thanks Christopher,
Could you please share the Grid/chart if possible?

 

[Christopher84]

Thanks Christopher,
Could you please share the Grid/chart if possible?

Hi @Madhu!
I just posted the code for the TS_Strategy on pg.1 of the thread. I like using the 3 min chart with the 15 min chart for scalping. Look to scalp when the strategies are in agreement. The default settings are geared toward the /es 15 min chart. For the /es 3 min chart change the atr period = 10 and the atr factor = 2.3.

 

[Christopher84]

Good evening.
First of all thank you Christopher 84, I say for everything you do.
Many, thank you very much.
Excuse me, could you tell us which one it is?
Thank you.

Hi @otal!
Just posted this new TS_Strategy on pg.1 of this thread. Hope you find it useful!

 

[Madhu]

Hi @Madhu!
I just posted the code for the TS_Strategy on pg.1 of the thread. I like using the 3 min chart with the 15 min chart for scalping. Look to scalp when the strategies are in agreement. The default settings are geared toward the /es 15 min chart. For the /es 3 min chart change the atr period = 10 and the atr factor = 2.3.

Thank you Christopher.

 

[Madhu]

Thank you Christopher.

HI Christopher,

Do you suggest any entry/exit criteria for considering good moves?

Thanks
Madhu

 

[Christopher84]

HI Christopher,

Do you suggest any entry/exit criteria for considering good moves?

Thanks
Madhu

Hi @Madhu,
The best thing I can suggest, if you are scalping, is to look for consensus between the timeframes. In other words, look for the 3 min entry signal to be in line with the 15 min strategy.

 

[Christopher84]

Currently working on strategy candles that go yellow when extremes of the strategy's profitability are being reached. This will hopefully result in some nice call outs for taking profit. Just posted this code to pg.1 of the thread as well. Enjoy!

 

[Madhu]

Hi @Madhu,
The best thing I can suggest, if you are scalping, is to look for consensus between the timeframes. In other words, look for the 3 min entry signal to be in line with the 15 min strategy.

got it Thank you.

 

[hotwins]

got it Thank you.

aer you able to load the new script. I can't... nothing...

 

[Christopher84]

aer you able to load the new script. I can't... nothing...

Hi @hotwins,
Copy the code and use it to create a new strategy. If you use it to create a study, it won’t work. Hope that resolves the issue for you.

 

[hotwins]

Hi @hotwins,
Copy the code and use it to create a new strategy. If you use it to create a study, it won’t work. Hope that resolves the issue for you.

got you, Chris. Thank you and all your times to this. really appreciated. will try & report back.

 

[Ghs]

Currently working on strategy candles that go yellow when extremes of the strategy's profitability are being reached. This will hopefully result in some nice call outs for taking profit. Just posted this code to pg.1 of the thread as well. Enjoy!

Hi @Christopher84,
Thank you for sharing all the great strategies. Would it be possible to add stop loss and take profit? I am trying to find win% by adjusting SL and TP.
Thanks!

 

[Christopher84]

Hi @Christopher84,
Thank you for sharing all the great strategies. Would it be possible to add stop loss and take profit? I am trying to find win% by adjusting SL and TP.
Thanks!

Hi @Ghs!
The strategy already incorporates a stop loss. However, I have started on some targets based on applying fib levels to the strategy's historical profitability. I will keep you posted!

 

[Christopher84]

Hi @Ghs!
The strategy already incorporates a stop loss. However, I have started on some targets based on applying fib levels to the strategy's historical profitability. I will keep you posted!

Hi @Ghs!
Getting closer to what you were looking for. I am adding a few more things and cleaning up the code a bit. I hope to have something to release tomorrow.
Orange Line = Stop loss
Gray Line = Order entry
White Line = Average profit per trade
Green Lines = Long profit targets (based on risk reward ratio ie risk one to make one would be target 1)
Red Lines = Short profit targets (based on risk reward ratio ie risk one to make one would be target 1)

 

[Christopher84]

New version of the TS_Strategy that incorporates average profit line, stoploss, and targets just posted to pg.1. Looking forward to everyone's feedback.

 

[Christopher84]

Just posted TS_v8 on pg.1 of the thread. Now includes labels showing expected profit at each target.

 

[Madhu]

New version of the TS_Strategy that incorporates average profit line, stoploss, and targets just posted to pg.1. Looking forward to everyone's feedback.

Hi Christopher,
How are you?

It seems this change is only working for /ES and these labes are not showing properly other stocks?

Can you please confirm is this work for all the stocks? I am trading options.

Thanks
Madhu

 

[Christopher84]

Hi Christopher,
How are you?

It seems this change is only working for /ES and these labes are not showing properly other stocks?

Can you please confirm is this work for all the stocks? I am trading options.

Thanks
Madhu

Hi @Madhu,
My notes above the code on pg.1 of the thread were to address this. It can be used on stocks and other futures, but the "mult" will need to be changed to 1 for stocks and for other futures mult will need to be changed to the appropriate multiplier.

 

[Madhu]

Hi @Madhu,
My notes above the code on pg.1 of the thread were to address this. It can be used on stocks and other futures, but the "mult" will need to be changed to 1 for stocks and for other futures mult will need to be changed to the appropriate multiplier.

I am sorry Christopher ,I missed that point. I am good now.


Thanks
Madhu