Confirmation Candles Indicator For ThinkorSwim

[wshao8]

You nailed it. My silly mistake. I checked a few times. still got the wrong version. Feel retarded today.
Thank you very much. @macattacktos

 

[tosman]

@Christopher84 Using the TS_Strategy for stocks, I have changed the mult setting to 1 per your notes on page 1. Any other changes in settings for various timeframes (on stocks) such as 1h, 4h, 1D etc? Thanks.

 

[Christopher84]

Is their a tos link for this chart setup.

The code is on pg.1 of the thread toward the bottom.

 

[Christopher84]

@Christopher84 Using the TS_Strategy for stocks, I have changed the mult setting to 1 per your notes on page 1. Any other changes in settings for various timeframes (on stocks) such as 1h, 4h, 1D etc? Thanks.

Hi @tosman!
It can be adjusted by using the ATR factor and ATR period to trade with just about any timeframe or asset (if mult is adjusted to match the asset). It’s really just up to the trader’s preference. I have shared a few of the timeframes and settings I like on the /es 3min and 15 min charts(although I’m sure they can be improved). As you have chance to play around with indicator, if y’all find good settings for various assets you are trading, please feel free to share them.

 

[Christopher84]

15 min strategy still performing this morning.

 

[Christopher84]

For those of you that like to scalp, the 15 min with the 3 min are looking to be a pretty powerful combo.

Next target hit. 15 min chart is reaching the strategy extremes for profitability (candles turn yellow).

 

[Trader Raider]

For those of you that like to scalp<snip, snip>

Speaking of scalping, Scalper is still my favorite. This morning and yesterday it was spot-on for a good RTY entry that hit all fib profit targets. Watched the new TS Strat this morning on a 5 min chart with default settings. Looks like it hit targets too. Am not using TS because I trade fibs differently but am amazed at your generous sharing, Christopher! Thank you!

 

[Christopher84]

Speaking of scalping, Scalper is still my favorite. This morning and yesterday it was spot-on for a good RTY entry that hit all fib profit targets. Watched the new TS Strat this morning on a 5 min chart with default settings. Looks like it hit targets too. Am not using TS because I trade fibs differently but am amazed at your generous sharing, Christopher! Thank you!

You are welcome @Trader Raider! The way I have applied the fib coefficients to the strategy profits is definitely a different approach than typical with fib levels, but I am liking what I am seeing. It seems the better the strategy performs on a given asset (ie the more dialed in it is), the stronger the fib targets are. Any how, I am enjoying this one quite a bit. The MTF_MA_Cloud isn't a bad combo with this indicator either. Thank you for all of your feedback Trader Raider! I really appreciate it.

 

[Christopher84]

Just updated the code on pg.1 to include an additional target and profit percentile label (shows the profit percentile on the current trade based on historical strategy performance. Values over 75%, corresponds with price above T6) .

 

[Christopher84]

T7 hit on the 15 min while the 3min hit T1. Some nice trades leading into the holiday weekend!

 

[Christopher84]

Anyone here trade TSLA? If so, swinging the 30 min chart with an atr factor of 2.9 and atr period of 10 has been working pretty well for me.

 

[otal]

Thank you @Christopher84 God bless you.

I want to share the setting I made for "Day" time for any symbol.
It is not perfect but if you want it for the long term it can help us a lot.

In TS Strategy v9.
-attr period = 4
-atr factor = 1.4
- mult = 1

Greetings from the land of coffee

in this other

I hope it helps and happy trading

 

[wshao8]

Thank you @Christopher84 God bless you.

I want to share the setting I made for "Day" time for any symbol.
It is not perfect but if you want it for the long term it can help us a lot.

In TS Strategy v9.
-attr period = 4
-atr factor = 1.4
- mult = 1

Greetings from the land of coffee

in this other

I hope it helps and happy trading

there are so many bubbles floating over the bars. the chart looks so busy. I feel difficult to see how the chart itself goes. how do you manage that? Should I remove those bubbles? if so, it is against the purpose. I like the chart in #1411, there is no overlap of bars and bubbles. Do I need to change the timeframe to make it like that?

 

[Christopher84]

there are so many bubbles floating over the bars. the chart looks so busy. I feel difficult to see how the chart itself goes. how do you manage that? Should I remove those bubbles? if so, it is against the purpose. I like the chart in #1411, there is no overlap of bars and bubbles. Do I need to change the timeframe to make it like that?

Hi @wshao8!
The main difference in the two images is the zoom. When zoomed in the chart bubbles become smaller in comparison to the candles. I definitely understand how you feel about chart bubbles on thinkorswim. You can turn them off in the settings if it gets to be too much for you.

 

[Christopher84]

The 3 min and 15 min in sync this morning.

 

[sEit89]

Is there any possibility to add alerts on C3_Max_v2_Strategy_LE_SE?
Thank you in advance.

 

[Christopher84]

Is there any possibility to add alerts on C3_Max_v2_Strategy_LE_SE?
Thank you in advance.

Hi sEit89!
Just added alerts to the code on pg.1 for you. Happy trading!

 

[krahsloop]

I was actually just searching through the thread to see if anybody asked about sound alerts on Confirmation Candles 10, for the arrow signals (DOWNConfirmSignal, UPConfirmSignal). Is that possible? Thank you again by the way for this amazing set of indicators, they have helped me see price action in a whole new way!

 

[sEit89]

My bad Christopher84, I meant if there is the possibility to add sound alerts on the C3_Max_v2 MA_Strategy.

Thank you!

 

[Christopher84]

I was actually just searching through the thread to see if anybody asked about sound alerts on Confirmation Candles 10, for the arrow signals (DOWNConfirmSignal, UPConfirmSignal). Is that possible? Thank you again by the way for this amazing set of indicators, they have helped me see price action in a whole new way!

Hi @krahsloop!
I just updated the code on pg.1 of the thread to include sound alerts for you. I'm really glad you have found my work useful.