Confirmation Candles Indicator For ThinkorSwim

[Trader Raider]

look a the Ehlers Distant coeicient Filter... Excellent confirmation fo reversals on the very short term//

There are a lot of goodies on page 1 of this thread. Did you see Christopher's Ehlers Distant Coefficient Filter Strategy? It's quite nice.

Best wishes and happy trading.

 

[jason72797]

@Christopher84 thank you so much for helping lot of people here. One question though, is there a way for me to have the consensus label in the C3_max as a lower indicator? I'm not good with coding so I really appreciate your help.

 

[METAL]

@Christopher84 Do you have a WL that shows when the Green and Red Clouds cross over. Preferably in the 5 min chart. If so, Please let me know which one it is. If not, Is that something you could make? I know you are bombarded but it is your fault for making such awesome strategies. Seriously, Thank you for all of your work and attention you give.

 

[Christopher84]

@Christopher84 Do you have a WL that shows when the Green and Red Clouds cross over. Preferably in the 5 min chart. If so, Please let me know which one it is. If not, Is that something you could make? I know you are bombarded but it is your fault for making such awesome strategies. Seriously, Thank you for all of your work and attention you give.

Hi @METAL,
That would be a very useful WL column, however, it is too complex currently for ToS. Thank you for your kind words! Happy trading!

 

[Christopher84]

@Christopher84 thank you so much for helping lot of people here. One question though, is there a way for me to have the consensus label in the C3_max as a lower indicator? I'm not good with coding so I really appreciate your help.

Hi @jason72797,
Have you tried the CC_Candles_v2_Lower on pg.1 of the thread? I think it may be pretty close to what you are looking for. Hope it helps!

 

[METAL]

Hi @METAL,
That would be a very useful WL column, however, it is too complex currently for ToS. Thank you for your kind words! Happy trading!

Okay. Thanks. I have been using the Ob/Os and Confirm WL. They help a lot. Thanks again. BTW, Since I started using the 5min Timeframe for my get in and out, I am positive every time except one and that was my fault. I have been using for options.

 

[METAL]

Hi @jason72797,
Have you tried the CC_Candles_v2_Lower on pg.1 of the thread? I think it may be pretty close to what you are looking for. Hope it helps!

Is that a WL? Will look for it now.

 

[Christopher84]

Okay. Thanks. I have been using the Ob/Os and Confirm WL. They help a lot. Thanks again. BTW, Since I started using the 5min Timeframe for my get in and out, I am positive every time except one and that was my fault. I have been using for options.

Congratulations @METAL! Sounds like your trading is really moving in the right direction. Thank you for the feedback!

 

[Christopher84]

Is that a WL? Will look for it now.

It's a lower study that shows the Consensus Level and when potential OB/OS conditions are present.

 

[METAL]

It's a lower study that shows the Consensus Level and when potential OB/OS conditions are present.

I will test it out. I was hoping to have a way to let me know when the clouds begin to cross just so I don't have to cycle through the list so much.

 

[Jake9982139]

Thank you so much @Christopher84 for sharing these indicators, I've been using C3 Max to swing trade stocks and index futures, and its been really good for riding a strong trend. One of the question that I encountered is getting stopped out in a choppy trend, sometimes the C3 red/green cloud flips up and down very quick. I'm wondering if you are using it along with any other indicators to avoid these choppy trends?

 

[nFolio]

Thanks @Christopher84 for C3_Max_Spark. Brand new at using it -- maybe I installed it wrong. Could you suggest how to re-configure it? I'd like to end up with a view like in your video "Confirmation Candles Indicator for ThinkorSwimJune 4th Class".

Gold Zero Line?
I'm seeing an artifact: the time scale grows to accommodate a rectangle, flattening all other graph elements. As shown, I am looking at QQQ, which had risen as of Thursday, then sank 3% Friday.

5 days : 10 min
zoomed into three days width.

screenshot 1: scroll left: Monday 8/22/2023 has a rectangle in red, green and gold. Price axis is -250 to 600. Gold line is at Zero.
screenshot 2: scroll right: 8/23 Tuesday to 8/26 Friday. Price axis reflects instrument, range 302-332.

Installation
I installed using a button to Open in TOS: https://tos.mx/0QHRifC
The same artifact is visible using C3_Max_v2, pasted in as a study, copied from page 1 of this thread.

A "gold zero line" also appears on SPY for the same timeframe. Maybe it is a Close Price of zero due to missing data from Sunday?

Thanks again

 

[Christopher84]

Thanks @Christopher84 for C3_Max_Spark. Brand new at using it -- maybe I installed it wrong. Could you suggest how to re-configure it? I'd like to end up with a view like in your video "Confirmation Candles Indicator for ThinkorSwimJune 4th Class".

Gold Zero Line?
I'm seeing an artifact: the time scale grows to accommodate a rectangle, flattening all other graph elements. As shown, I am looking at QQQ, which had risen as of Thursday, then sank 3% Friday.

5 days : 10 min
zoomed into three days width.

screenshot 1: scroll left: Monday 8/22/2023 has a rectangle in red, green and gold. Price axis is -250 to 600. Gold line is at Zero.
screenshot 2: scroll right: 8/23 Tuesday to 8/26 Friday. Price axis reflects instrument, range 302-332.

Installation
I installed using a button to Open in TOS: https://tos.mx/0QHRifC
The same artifact is visible using C3_Max_v2, pasted in as a study, copied from page 1 of this thread.

A "gold zero line" also appears on SPY for the same timeframe. Maybe it is a Close Price of zero due to missing data from Sunday?

Thanks again

Hi @nFolio,
Have you tried turning off fit studies in the settings?

 

[Christopher84]

Thank you so much @Christopher84 for sharing these indicators, I've been using C3 Max to swing trade stocks and index futures, and its been really good for riding a strong trend. One of the question that I encountered is getting stopped out in a choppy trend, sometimes the C3 red/green cloud flips up and down very quick. I'm wondering if you are using it along with any other indicators to avoid these choppy trends?

Hi @Jake9982139,
That’s a great question. I like using multiple timeframes to help avoid choppy conditions. Basically looking for agreement between timeframes. You can use C3 on both charts, or I also like doing this with various strategies found on page 1. Hope this helps!

 

[lolreconlol]

Hi @Christopher84 !

Thanks for all the help so far. I'm trying the PLD/TS9 3/15 minute layout.. any advice on this one? Do we buy/short when the candle with the cyan arrow closes, or the yellow arrow? This screenshot is 8/24 around 1:30 PM EST.. the 3 and 15 minute timeframe were in agreement but it was basically the bottom and you would've gotten stopped out almost immediately.. any other things you look at for confirmation? Is this your main trading strategy at the moment?

https://imgur.com/a/nO6nMUX

Photo 2.. if you have a buy on the 3 minute, but the 15 minute is showing yellow, do you treat that as a buy? Or should you use caution since the trend may be ending and wait for a reversal? How do you approach situations like that?

https://imgur.com/a/R84tYuk

Any advice on using this combination would be great..thank you!

 

[KashX]

Hi @latinbori123456,
I developed these indicators to help people make better trading decisions. It makes my day to hear about the success you have had using them. Thank you for sharing your results! Look me up on discord. I would love to chat some time about how you are utilizing these tools. Congratulations and happy trading!!!

Can someone share link to the indicator?

 

[nFolio]

Hi @nFolio,
Have you tried turning off fit studies in the settings?

@Chistopher84
Thanks for that - it got rid of the compression, and will be useful for any study set!

The big rectangle on the left remains. What are those lines?

The underlying question is "What signals as of Thursday - Friday morning that might have indicated the coming drop?" (Until the weekend, I was using other indicators, which did not predict the fall)

 

[Christopher84]

Hi @Christopher84 !

Thanks for all the help so far. I'm trying the PLD/TS9 3/15 minute layout.. any advice on this one? Do we buy/short when the candle with the cyan arrow closes, or the yellow arrow? This screenshot is 8/24 around 1:30 PM EST.. the 3 and 15 minute timeframe were in agreement but it was basically the bottom and you would've gotten stopped out almost immediately.. any other things you look at for confirmation? Is this your main trading strategy at the moment?

https://imgur.com/a/nO6nMUX

Photo 2.. if you have a buy on the 3 minute, but the 15 minute is showing yellow, do you treat that as a buy? Or should you use caution since the trend may be ending and wait for a reversal? How do you approach situations like that?

https://imgur.com/a/R84tYuk

Any advice on using this combination would be great..thank you!

Hi @lolreconlol,
I see that you have your charts set to 3min and 15 min 5 Days, however longer periods (3min 30 Days and 15 min 90 days) are better since the yellow candles are based on the strategy's previous performance. Longer history results in better predictions on when the strategy is topping out. You can see in the image below that extending the history paints a little different picture.

Other than that, I would say that 8/24 was a choppy day where the two timeframes were never really in sync with each other. One other note is that the PLD was had flattened out considerably on the 15 min chart, which can be a que that the price action is chopping sideways. Generally speaking its best not to force a trade in these conditions. Wait for the strategies to sync up and present a higher probability trade. Hope this helps! Happy trading!

 

[Christopher84]

@Chistopher84
Thanks for that - it got rid of the compression, and will be useful for any study set!

The big rectangle on the left remains. What are those lines?

The underlying question is "What signals as of Thursday - Friday morning that might have indicated the coming drop?" (Until the weekend, I was using other indicators, which did not predict the fall)

Hi @nFolio,
It's basically the first time the indicator began to show OB/OS conditions (it has to start somewhere ). Extend your history on your chart and it will be less of an eyesore. Hope this helps!

 

[Christopher84]

Can someone share link to the indicator?

Hi @KashX,
All of my codes can be found on pg.1 of the thread.