Confirmation Candles Indicator For ThinkorSwim

[Trader Raider]

I think your observation is right on point. Using the lower Confirmation study with the PLD_Bands is a fantastic idea.

Appreciate the fast response ... thank you! I think if you try plotting a lower histo, you will see how it paints such a nice picture of the price action. The label provides a beautiful clean layout....and I love that...but the histo has become a staple I depend on now.

 

[hotwins]

Nice scalp this morning with the PLD as price pushed up and through T1 on the 3 min chart.

how does the FloatingPL works at the bottom.? thanks

 

[METAL]

Hi Madhu,
For stocks, you will need to change mult to 1 instead of 50. Displace can be adjusted to fit the asset and timeframe you are trading to optimize your results.

Hey Chris, Thanks again for all of your time and effort. What exactly does the displace do? Is there a setting that should be "typical" for stocks/options? Also, for the Mult, Mine was at 1000 as default. This should be 1 for stocks? just making sure. Thanks again. Going to do some testing with this one.

 

[METAL]

@Christopher84 I cannot get a profit at all with this Strat. I must have something set wrong. I changed the displace from -1 to -11 and nothing changed. I changed Multi from 3 up to 1000 using varying intervals. This is OnDemand. Not sure if that has anything to do with it.

 

[rfb]

@Christopher84, your scalper is still golden in my book! Wanted to post this 2 min GC chart to show why I like your consensus as a histogram. After price closed above the C3 and VWAP, consensus was decidedly positive but not as high as I wanted. Don't know if you can see it in the pic, but consensus climbed gradually to 100% over a couple candles and stayed there. It's easier for me to appreciate what consensus is doing when I can see it graphically even though I like how the label keeps the chart clean. Seeing it consistently at 100% candle after candle helped me stay in the trade. Thank you again for sharing your indicators with us! Best wishes and happy trading

https://imgur.com/a/6CUDgji

Nice chart conversion! Would you be able to share the link to this? Thank you!

 

[Trader Raider]

Nice chart conversion! Would you be able to share the link to this? Thank you!

Sorry, haven't been able to learn thinkscript to make changes in TOS. Had to do it in another language for TradeStation.

 

[METAL]

@Christopher84, your scalper is still golden in my book! Wanted to post this 2 min GC chart to show why I like your consensus as a histogram. After price closed above the C3 and VWAP, consensus was decidedly positive but not as high as I wanted. Don't know if you can see it in the pic, but consensus climbed gradually to 100% over a couple candles and stayed there. It's easier for me to appreciate what consensus is doing when I can see it graphically even though I like how the label keeps the chart clean. Seeing it consistently at 100% candle after candle helped me stay in the trade. Thank you again for sharing your indicators with us! Best wishes and happy trading

https://imgur.com/a/6CUDgji

Is this the C3_Max? If not what version are you using?

 

[METAL]

@Christopher84, your scalper is still golden in my book! Wanted to post this 2 min GC chart to show why I like your consensus as a histogram. After price closed above the C3 and VWAP, consensus was decidedly positive but not as high as I wanted. Don't know if you can see it in the pic, but consensus climbed gradually to 100% over a couple candles and stayed there. It's easier for me to appreciate what consensus is doing when I can see it graphically even though I like how the label keeps the chart clean. Seeing it consistently at 100% candle after candle helped me stay in the trade. Thank you again for sharing your indicators with us! Best wishes and happy trading

https://imgur.com/a/6CUDgji

Trader, Do you mind sharing the lower indicator you are using. I cannot locate it. I searched for Consensus Bias Histogram. Thanks.

 

[FOTM_8888]

@Christopher84, your scalper is still golden in my book! Wanted to post this 2 min GC chart to show why I like your consensus as a histogram. After price closed above the C3 and VWAP, consensus was decidedly positive but not as high as I wanted. Don't know if you can see it in the pic, but consensus climbed gradually to 100% over a couple candles and stayed there. It's easier for me to appreciate what consensus is doing when I can see it graphically even though I like how the label keeps the chart clean. Seeing it consistently at 100% candle after candle helped me stay in the trade. Thank you again for sharing your indicators with us! Best wishes and happy trading

https://imgur.com/a/6CUDgji

great!! how can get this setting? please can you share your charts with me? thanks in advance

 

[majidg]

great!! how can get this setting? please can you share your charts with me? thanks in advance

I see a lot of communication for confirmation candle, can you please provide the latest revision to confirmation candle?

 

[METAL]

I see a lot of communication for confirmation candle, can you please provide the latest revision to confirmation candle?

The latest revision is C3_Max. Top of 1st page of this thread. (Someone correct me if I am wrong)

 

[FOTM_8888]

The latest revision is C3_Max. Top of 1st page of this thread. (Someone correct me if I am wrong)

@METAL can you share the chart you posted above ? thank you in advance

 

[METAL]

@METAL can you share the chart you posted above ? thank you in advance

Here you go.
https://tos.mx/5UKoLun

 

[FOTM_8888]

Here you go.
https://tos.mx/5UKoLun

thank you very much @METAL

 

[FOTM_8888]

@Christopher84, your scalper is still golden in my book! Wanted to post this 2 min GC chart to show why I like your consensus as a histogram. After price closed above the C3 and VWAP, consensus was decidedly positive but not as high as I wanted. Don't know if you can see it in the pic, but consensus climbed gradually to 100% over a couple candles and stayed there. It's easier for me to appreciate what consensus is doing when I can see it graphically even though I like how the label keeps the chart clean. Seeing it consistently at 100% candle after candle helped me stay in the trade. Thank you again for sharing your indicators with us! Best wishes and happy trading

https://imgur.com/a/6CUDgji

hey @METAL where can i get the consensus lower indicator? look pretty good on the chart, sorry for to many question

 

[METAL]

hey @METAL where can i get the consensus lower indicator? look pretty good on the chart, sorry for to many question

Oh..That isn't mine. That is on @Trader Raider 's chart. I also asked him for it. I cannot find it.

 

[Trader Raider]

Oh..That isn't mine. That is on @Trader Raider 's chart. I also asked him for it. I cannot find it.

@METAL, @FOTM_8888, @majidg

Please accept my apologies for the confusion. All the code I used is found on page one of this thread under Scalper v2. What I did was break up the code into separate indicators (consensus and C3). The only thing I changed was to plot consensus as a histogram on the lower chart instead of a label on the upper chart. My C3 line is the same formula as the one in Scalper v2 ... it just looks different because my chart is a TradeStation chart not a ThinkOrSwim chart.

I do not have a link to share charts because my goal was to convert Scalper v2 for use on TradeStation. If you want a TOS chart similar to mine, then you can load the Scalper v2 code on page1 of this thread. Your consensus will plot as a label not a histogram. Sorry but I lack the skills to make it a histogram on TOS.

@Christopher84, I'm sorry for introducing confusion into your thread I was hoping to show you why I find a lower histo more helpful than a label. I'm going back now to delete the image and again, I apologize.

 

[METAL]

@METAL, @FOTM_8888, @majidg

Please accept my apologies for the confusion. All the code I used is found on page one of this thread under Scalper v2. What I did was break up the code into separate indicators (consensus and C3). The only thing I changed was to plot consensus as a histogram on the lower chart instead of a label on the upper chart. My C3 line is the same formula as the one in Scalper v2 ... it just looks different because my chart is a TradeStation chart not a ThinkOrSwim chart.

I do not have a link to share charts because my goal was to convert Scalper v2 for use on TradeStation. If you want a TOS chart similar to mine, then you can load the Scalper v2 code on page1 of this thread. Your consensus will plot as a label not a histogram. Sorry but I lack the skills to make it a histogram on TOS.

@Christopher84, I'm sorry for introducing confusion into your thread I was hoping to show you why I find a lower histo more helpful than a label. I'm going back now to delete the image and again, I apologize.

Trader, Thanks a lot man. That is a pretty cool way to use the consensus label.

 

[ALV]

Trader, Thanks a lot man. That is a pretty cool way to use the consensus label.

@METAL ,
I think @Trader Raider is a lady. Yes, that's a nice way to use the consensus label.

 

[73maro]

@Christopher84 is there a scanner that looks for red candles in a green channel or green candles in a red channel? I thought I seen it somewhere on the thread but I do not see it anymore. Thank you.