Confirmation Candles Indicator For ThinkorSwim

[HODL-Lay-HE-hoo!]

First the settings Chris is using - 5.0 and 3.1 yours is set to 3.0 - look above the labels you will see “5.0, 3.1, yes, yes, yes, yes, etc…” the yes and no are the differences between your settings and Chris’s settings so go to your settings change 3.0 to 3.1 and change the yes and no settings to the same the screenshot Chris took

https://imgur.com/a/EUpp9MZ

 

[Christopher84]

Hi @Christopher84 ,

Thank you! Here is my chart with daytime trading only checked off/on.. do I need to adjust something? Neither one seems to look like your setup..

https://imgur.com/wWfcl8z

https://imgur.com/aENXBRt

Hi @lolreconlol,
Try changing your settings for TS_v9 to 5, 3.1. That should help.

 

[majidg]

The TS_v9 Strategy continues to perform well on the 1 hour chart. Strong levels being called out. Volatility continues to ramp up.

Can you please advise which study is the above chart for? Can you please provide the code?
Thanks,

 

[lolreconlol]

Hi @lolreconlol,
Try changing your settings for TS_v9 to 5, 3.1. That should help.

Thank you @Christopher84! Strange.. still doesn't seem to match up. Could you share your TS_v9 chart? I seem to have a big green bar/buy arrow on the 1:30 PM EST candle today, while yours shows red for the past two days.

 

[Christopher84]

Can you please advise which study is the above chart for? Can you please provide the code?
Thanks,

Hi @majidg,
Which of the 2 charts are you referring to? The top chart is TS_v9 on a 1 hour chart with settings of 5, 3.1. The bottom chart is C3_Max on a month chart. Both codes are available on pg.1 of this thread. Hope this helps!

 

[Christopher84]

Thank you @Christopher84! Strange.. still doesn't seem to match up. Could you share your TS_v9 chart? I seem to have a big green bar/buy arrow on the 1:30 PM EST candle today, while yours shows red for the past two days.

Hi @lolreconlol,
I can give a sharelink when I get back to the office tomorrow, however I think it’s a difference in when your chart aggregation starts. This can be changed in chart settings under the equities tab or the futures tab depending on which type of asset you are wanting to adjust the setting for. Hopefully that will get things looking right for you.

 

[ykumarreddy]

@Christopher84 I am trying to use TS_v9 strategy for Day trading. Which time frame do you recommend?

 

[Christopher84]

@Christopher84 I am trying to use TS_v9 strategy for Day trading. Which time frame do you recommend?

Hi @ykumarreddy,
For day trading, I like using TS_v9 on the 1 hour chart set to 5, 3.1 for the /es to determine the trend. then I make my entries based on TS_v9 on the 5 min chart with settings 10, 1.8 (uncheck TS_v9 in your study set, it will still show the entries and exits). I then apply the Bull Bear candles to the 5 min chart with the C3_MF_Line for additional confirmation and improving entries and exits. Here's a sharelink https://tos.mx/AKcB69W. Only trade the entries on the 5 min chart that are in line with the strategy on the 1 hour chart. Do not trade counter trend.

 

[ykumarreddy]

Hi @ykumarreddy,
For day trading, I like using TS_v9 on the 1 hour chart set to 5, 3.1 for the /es to determine the trend. then I make my entries based on TS_v9 on the 5 min chart with settings 10, 1.8 (uncheck TS_v9 in your study set, it will still show the entries and exits). I then apply the Bull Bear candles to the 5 min chart with the C3_MF_Line for additional confirmation and improving entries and exits. Here's a sharelink https://tos.mx/AKcB69W. Only trade the entries on the 5 min chart that are in line with the strategy on the 1 hour chart. Do not trade counter trend.

T

Hi @ykumarreddy,
For day trading, I like using TS_v9 on the 1 hour chart set to 5, 3.1 for the /es to determine the trend. then I make my entries based on TS_v9 on the 5 min chart with settings 10, 1.8 (uncheck TS_v9 in your study set, it will still show the entries and exits). I then apply the Bull Bear candles to the 5 min chart with the C3_MF_Line for additional confirmation and improving entries and exits. Here's a sharelink https://tos.mx/AKcB69W. Only trade the entries on the 5 min chart that are in line with the strategy on the 1 hour chart. Do not trade counter trend.

Thank you @Christopher84, hope the same rules will apply to SPX as well.

 

[majidg]

Hi @majidg,
Which of the 2 charts are you referring to? The top chart is TS_v9 on a 1 hour chart with settings of 5, 3.1. The bottom chart is C3_Max on a month chart. Both codes are available on pg.1 of this thread. Hope this helps!

Thanks Christopher84!

 

[JJJJJJ11111]

thank u. Very good indicator .
I'm day trading, always having difficulty where to exit for profit with divergence signal.

I have no issue with where to enter, intraday 1 minute bull flag.

I find Confirmation candle C3(C3_V10) works well for 1minute and 5minute chart. at the same time able to retain original green and red candle stick color.
But it produce too much signal in consolidation zone.

Anyway I could have it not producing signal in a prolong consolidation?
Please ignore, I suspect it would stop producing at end of move

THank u for the indicator.

 

[Christopher84]

The Bull Bear TS_v9 setup is still performing very well. Anyone else using this setup?https://tos.mx/IYGtlXo Scalp in line with the 1 hour TS_v9 strategy.

 

[ykumarreddy]

The Bull Bear TS_v9 setup is still performing very well. Anyone else using this setup?https://tos.mx/IYGtlXo Scalp in line with the 1 hour TS_v9 strategy.

@Christopher84 can you please help me to understand how to identify shared_Bull_Bear_Candles_v55. Also can I use this for SPX?. I am using your TS_v9 setup on spx and it is very helpful. I really appreciate your help and support to new beginners like me.

 

[Christopher84]

@Christopher84 can you please help me to understand how to identify shared_Bull_Bear_Candles_v55. Also can I use this for SPX?. I am using your TS_v9 setup on spx and it is very helpful. I really appreciate your help and support to new beginners like me.

Hi @ykumarreddy,
I use TS_v9 set to 10, 1.8 on the 5 min chart (the version in the share link will not paint candles https://tos.mx/IYGtlXo). I allow the Bull Bear Candles v5 to paint the candles and to help improve my entries and exits. I look for scalp trades on the 5 min chart (using the settings mentioned above) that are in line with the 1 hour TS_v9 strategy (set to 5, 3.1). In other words, if the strategy on the 1 hour chart is long, I am only looking to scalp long trades on the 5 min chart strategy. If the strategy on the 1 hour chart is short, then I am only looking to scalp short trades on the 5 min chart strategy. The performance on SPX will be slightly different, but the rules will still apply. I hope this helps!

 

[eagle_ai]

Hi @Christopher84 , Is it possible to incorporate PLD line (as a lower-Study) into RSI lower-study?

 

[Christopher84]

Hi @Christopher84 , Is it possible to incorporate PLD line (as a lower-Study) into RSI lower-study?

Hi @eagle_ai,
It is possible. I threw this together fairly quickly and haven't had time to tinker with it much but here's a share link https://tos.mx/YUZbKAh. It will paint the candles for you. I find it easier to analyze the performance that way, however feel free to # out that part of the code if it's interfering with other candle painting studies you may be using. I hope this helps!

 

[Christopher84]

Nice short setup today.

 

[bradolson]

Nice short setup today.

Hi Christopher, yes, I've had some success with this set up. Thank you!!

Question - just confirming - it is not possible to set up a mobile text alert upon the occurrence of a TS_v9 or C3_Max strategy buy/sell signal or up/down arrow, right?

 

[eagle_ai]

Hi @eagle_ai,
It is possible. I threw this together fairly quickly and haven't had time to tinker with it much but here's a share link https://tos.mx/YUZbKAh. It will paint the candles for you. I find it easier to analyze the performance that way, however feel free to # out that part of the code if it's interfering with other candle painting studies you may be using. I hope this helps!

Hi @Christopher84 , This helps tremendously. THANK YOU!

 

[GT326]

@Christopher84 Were you able to create BuySignal scan for TS_V9 long entry ?