Confirmation Candles Indicator For ThinkorSwim

[Christopher84]

 

[Christopher84]

 

[Ghs]

Hi @Christopher84
Thank you adding SL and TP levels to the strategy. I have a couple of questions:

1. I am not getting the same P/L amount that you are getting for 15min 180days charts. I am not sure if any settings need to be changed. Could you please share your settings?
2. How do you calculate profit or loss of a trade? The highlighted short trade did not reach the TP1 and hit the SL. Would the P/L amount be calculated based on the SL only? or PL amount is considered until the next long trade is taken?

Thanks!

 

[Christopher84]

Hi @Christopher84
Thank you adding SL and TP levels to the strategy. I have a couple of questions:

1. I am not getting the same P/L amount that you are getting for 15min 180days charts. I am not sure if any settings need to be changed. Could you please share your settings?
2. How do you calculate profit or loss of a trade? The highlighted short trade did not reach the TP1 and hit the SL. Would the P/L amount be calculated based on the SL only? or PL amount is considered until the next long trade is taken?

Thanks!

Hi @Ghs,
Please reload the code from pg.1. I noted a small issue with the atr factor (now corrected).
1. Make sure your after market hours are turned off. For the 15 min /es chart, I use an atr period of 5 (default) and atr period of 3.0.
2. The floating p/l is calculated based on the entire strategy not the targets or stoploss. The profits shown on the targets are calculated from the order entry (green line for long trades, red line for short trades). Hope this helps!

 

[Ghs]

Hi @Ghs,
Please reload the code from pg.1. I noted a small issue with the atr factor (now corrected).
1. Make sure your after market hours are turned off. For the 15 min /es chart, I use an atr period of 5 (default) and atr period of 3.0.
2. The floating p/l is calculated based on the entire strategy not the targets or stoploss. The profits shown on the targets are calculated from the order entry (green line for long trades, red line for short trades). Hope this helps!

Thank you @Christopher84! P/L is showing same as your for 15min tf. What is your atr period and factor for 3mins tf?

 

[Christopher84]

Thank you @Christopher84! P/L is showing same as your for 15min tf. What is your atr period and factor for 3mins tf?

For the 3 min /es chart, I'm using an atr period of 9 and atr factor of 2.3. These setting are doing well, but I am sure it can be optimized further.

 

[Christopher84]

Really liking this indicator!

 

[hotwins]

Really liking this indicator!

Chris,

I read thru this forum, it looks promising & very much appreciated for the times you had given in. what's that blue on this chart. thanks.

 

[Christopher84]

Chris,

I read thru this forum, it looks promising & very much appreciated for the times you had given in. what's that blue on this chart. thanks.

Hi @hotwins!
The blue line is Ehler’s Distant Coefficient Filter.

 

[macattacktos]

Hi @Christopher84 not to muddle your thread, just quick questions related.
1. Thanks for all your knowledge and hard work and contributions!!
2. What does TS stand for in your script name?
3. Have you ever done any work with the AXD or Vortex indicator data? I like the granularity of the indicator charts it produces for divergents and such.

 

[ibenjamin305]

Really liking this indicator!

Is their a tos link for this chart setup.

 

[wshao8]

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.

My questions are trivial, hope they don't waste your much time:
1. Where to change the default setting mult from 50 to 1? I searched code, but did not find
2. Could you give an example of condition 0>0 I need to set?

######################################################
##  Create Signals -
##  FILL IN THIS SECTION
##      replace 0>0 with your conditions for signals
######################################################

def PLBuySignal = if  MarketOpen AND (upsignal) then 1 else 0 ; # insert condition to create long position in place of the 0>0
def PLSellSignal =  if MarketOpen AND (downsignal) then 1 else 0; # insert condition to create short position in place of the 0>0

def PLBuyStop  = if !useStops then 0 else if  (0>0) then 1 else 0  ; # insert condition to stop in place of the 0<0
def PLSellStop = if !useStops then 0 else if (0>0) then 1 else 0  ; # insert condition to stop in place of the 0>0

Appreciate it.

 

[hotwins]

My questions are trivial, hope they don't waste your much time:
1. Where to change the default setting mult from 50 to 1? I searched code, but did not find
2. Could you give an example of condition 0>0 I need to set?

######################################################
##  Create Signals -
##  FILL IN THIS SECTION
##      replace 0>0 with your conditions for signals
######################################################

def PLBuySignal = if  MarketOpen AND (upsignal) then 1 else 0 ; # insert condition to create long position in place of the 0>0
def PLSellSignal =  if MarketOpen AND (downsignal) then 1 else 0; # insert condition to create short position in place of the 0>0

def PLBuyStop  = if !useStops then 0 else if  (0>0) then 1 else 0  ; # insert condition to stop in place of the 0<0
def PLSellStop = if !useStops then 0 else if (0>0) then 1 else 0  ; # insert condition to stop in place of the 0>0

Appreciate it.

click edit studies, last line in the setting below timeframe. Multi change to 1.

 

[hotwins]

Hi @hotwins!
The blue line is Ehler’s Distant Coefficient Filter.

thank you.!!!

 

[wshao8]

click edit studies, last line in the setting below timeframe. Multi change to 1.

Sorry, I still did not get it. You mean click edit studies on the UI? I only got the list of studies. I tried other gear, but still did not find it. I looked at the code again, not find it either. Is it possible to have a screenshot? Thank you.

 

[macattacktos]

Sorry, I still did not get it. You mean click edit studies on the UI? I only got the list of studies. I tried other gear, but still did not find it. I looked at the code again, not find it either. Is it possible to have a screenshot? Thank you.

Click on the flask icon, this brings up your "Added studies and strategies" pane, then click the gear icon next to your saved named study for all the adjustable inputs and options.

 

[wshao8]

@macattacktos Please see screenshot, I did not find option of "multiple" or something like that.

 

[hotwins]

@macattacktos Please see screenshot, I did not find option of "multiple" or something like that.

scroll down the bar on the right... all the way bottom...

 

[wshao8]

I actually did, no such option.

 

[macattacktos]

I actually did, no such option.

You don't seem to have v8 source code loaded, those options look like v3, check page 1 against your code.