Confirmation Candles Indicator For ThinkorSwim

[Christopher84]

Chris, I am using your upper study rsi,stoch macd with success thought I would let you know. This looks interesting.

That’s awesome! Thanks for the feedback

 

[J007RMC]

That’s awesome! Thanks for the feedback

When I have a double confirmation 4 hr and your script capped it today. Thank you.

https://imgur.com/7qIoYNs

 

[Christopher84]

When I have a double confirmation 4 hr and your script capped it today. Thank you.

https://imgur.com/7qIoYNs

You definitely had a nice setup there! Is the second lower study an MTF Accumulation Swing Index? It seems to run in tandem with the candles. Looks great! Also, as a side note, the clouded zones that I mentioned in my previous post yesterday work extremely well for calling out reversals on that timeframe. I’m working on a code for signals that you may really like.

 

[Christopher84]

I’ll check this out over the weekend. Looks interesting.

After having a chance to look at this, I don't think it will accomplish what we are wanting. Fine tuning to shorter period lengths for the MA's may help some, but even with that I can't see a way to make it work well.

 

[Trader Raider]

@Christopher84, it was another successful morning with your candle colors and bulge/squeeze price zone. As usual, I paired it with the B4 but added the Tea Market Cycle. I like to trade the Euro session, but your indicator showed that price was in chop. At the US market open, your indicator and the tea were finally in confluence and in agreement with the RSM MTF labels and the most recent B4 signal. When that happened, price moved quickly down to my profit target. Thank you again for sharing your work!

If something doesn't look right with your labels on my chart, it's because I changed them from gray to black. Now, when an alert flashes, the burst of color grabs my attention.

https://imgur.com/a/CqWzMaY

If anyone is curious, the "target price" and "potential gain" labels are @MerryDay's work with the Mobius trend pivot indicator. They're helpful in establishing long price targets and evaluating R:R.

 

[nitrous]

@Christopher84, it was another successful morning with your candle colors and bulge/squeeze price zone. As usual, I paired it with the B4 but added the Tea Market Cycle. I like to trade the Euro session, but your indicator showed that price was in chop. At the US market open, your indicator and the tea were finally in confluence and in agreement with the RSM MTF labels and the most recent B4 signal. When that happened, price moved quickly down to my profit target. Thank you again for sharing your work!

If something doesn't look right with your labels on my chart, it's because I changed them from gray to black. Now, when an alert flashes, the burst of color grabs my attention.

https://imgur.com/a/CqWzMaY

If anyone is curious, the "target price" and "potential gain" labels are @MerryDay's work with the Mobius trend pivot indicator. They're helpful in establishing long price targets and evaluating R:R.

Mind sharing your chart? Looks good.

Thanks

 

[Trader Raider]

Mind sharing your chart? Looks good.

Thanks

Sorry, @nitrous. Had a bad experience sharing a chart so don't do it anymore.

 

[Christopher84]

@Christopher84, it was another successful morning with your candle colors and bulge/squeeze price zone. As usual, I paired it with the B4 but added the Tea Market Cycle. I like to trade the Euro session, but your indicator showed that price was in chop. At the US market open, your indicator and the tea were finally in confluence and in agreement with the RSM MTF labels and the most recent B4 signal. When that happened, price moved quickly down to my profit target. Thank you again for sharing your work!

If something doesn't look right with your labels on my chart, it's because I changed them from gray to black. Now, when an alert flashes, the burst of color grabs my attention.

https://imgur.com/a/CqWzMaY

If anyone is curious, the "target price" and "potential gain" labels are @MerryDay's work with the Mobius trend pivot indicator. They're helpful in establishing long price targets and evaluating R:R.

Looks fantastic! Thank you for sharing!

 

[allnetbrett]

@Christopher84 through backtesting it's great.
Do you know if the arrows repaint?

Can I get a script or link for the lower study "confirmationcandlestest"? I cannot find it anywhere in this thread. Thank you

 

[Christopher84]

Hi Everyone!
Just posted the most recent version of the CC Candles on pg.1 of this thread. I have managed to dial in the levels considerably better. Also reduced the number of signals to reduce the complexity. The image below is on a 2 min chart for TSLA. I did my best to explain the basic premise of how the indicator was designed to be interpreted. It seems to work well on all time frames. To all of you that have tried this out and given feedback to help me improve this indicator, I would like to say thank you very much. I'll be looking forward to your feedback and seeing how this indicator continues to evolve. Enjoy!

 

[jay2]

Wonderful work @Christopher84. Testing this right now.

 

[floydddd]

thanks much, c84!

unless i'm mistaken, the lower part of the study has to be cut in order for the upper to work, perhaps then pasting into a study of its own. has the lower been changed to match the new CC?

 

[john3]

@ Christopher84 Thank you for the indicator, seems interesting, but I'm a bit confused about which version is the latest. Would you please post a share link to the latest setup? Thank you.

 

[Christopher84]

thanks much, c84!

unless i'm mistaken, the lower part of the study has to be cut in order for the upper to work, perhaps then pasting into a study of its own. has the lower been changed to match the new CC?

Hey Floydddd!
I have revised the lower. I will post the update in a few minutes. Thank you for the reminder.

 

[Christopher84]

@ Christopher84 Thank you for the indicator, seems interesting, but I'm a bit confused about which version is the latest. Would you please post a share link to the latest setup? Thank you.

Hey John3!
Sorry about that. I tried to make the CC Candles their own separate thread, but it got lumped into Confirmation Candles by admin (makes for a confusing mess). Here's a share link to my latest setup. https://tos.mx/7XHZGRo

 

[Christopher84]

Hey Floydddd!
I have revised the lower. I will post the update in a few minutes. Thank you for the reminder.

New code for CC_Candles Lower V.2 now posted on pg.1 of this thread.

 

[jay2]

New code for CC_Candles Lower V.2 now posted on pg.1 of this thread.

It'll probably visually help if the lower is in it's own code window.

 

[rad14733]

@Christopher84 The only problem is you keep posting two separate indicators in one code block... Split the Upper and Lower scripts into two different code blocks and people won't have problems Copying and Pasting... It's great that you are using code blocks, just use the correctly for the benefit of all...

Posted at the same time as jay2...

 

[Christopher84]

@Christopher84 The only problem is you keep posting two separate indicators in one code block... Split the Upper and Lower scripts into two different code blocks and people won't have problems Copying and Pasting... It's great that you are using code blocks, just use the correctly for the benefit of all...

Posted at the same time as jay2...

Totally agree rad14733! I started the CC Candles in a different thread and it got moved into this thread with the indicators all lumped together making for a bit of a mess. I contemplated trying to move it to its own thread again, but figured it would just get thrown back here. Very annoying. Sorry to anyone who's having trouble. I found it hard to locate it as well.

 

[Christopher84]

It'll probably visually help if the lower is in it's own code window.

Thank you jay2 and rad14733! It has its own code window now. Great suggestion!