/ES Futures Trading Strategy on ThinkorSwim

[tomsk]

@Talochka There sure are a lot of Mobius fans out here The only study I have from Mobius regarding Zscore is an Intraday VWAPZcore.
In case you are not aware Zscore is close - mean / standard deviation. I do not use this study but sharing it with you since you asked

# Intraday VWAP Zscore
# Mobius
# 06.10.2019 Chat Room Request

declare lower;
def RTH = GetTime() >= RegularTradingStart(GetYYYYMMDD()) and
          GetTime() <= RegularTradingEnd(GetYYYYMMDD());
def n = if RTH and !RTH[1]
           then 1
           else if RTH
           then n[1] + 1
           else n[1];
def Avg = (fold i = 0 to n
           with s
           do s + getValue(close, i)) / n;
def VWAP_ = (fold ii = 0 to n
            with ss
            do ss + getValue(vwap, ii)) / n;
def StDev = Sqrt((fold iii = 0 to n
                  with sss = 0
                  do sss + Sqr(Avg - getValue(close, iii))) / n);
plot Zscore = (close - VWAP_) / StDev;
plot "0" = if isNaN(close) then double.nan else 0;
"0".SetDefaultColor(Color.white);
plot "1SD" = if isNaN(close) then double.nan else 1;
"1SD".SetDefaultColor(Color.Green);
plot "2SD" = if isNaN(close) then double.nan else 2;
"2SD".SetDefaultColor(Color.Green);
plot "-1SD" = if isNaN(close) then double.nan else -1;
"-1SD".SetDefaultColor(Color.Red);
plot "-2SD" = if isNaN(close) then double.nan else -2;
"-2SD".SetdefaultColor(Color.Red);
AddCloud(0, Zscore, color.red, color.green);
# End Code

 

[blakecmathis]

@Talochka If you are attempting to recreate @skynetgen setup he posted today, we are rotating different indicators in/out of this strategy to see if there is something that can compliment this setup while still maintaining a clean profile: Freedom of Movement, MFO, Z Score, etc.

 

[traderintheroom]

@traderintheroom You still holding on to that short?

Sadly no

Good luck today.

 

[blakecmathis]

@traderintheroom Let's get it on!!!!!

 

[blakecmathis]

Chop Update

Zero contracts traded so far today with ES completely sideways, no real sense of direction/trend. Pitiful price action with only a 7 point range. Hopefully there will be some playable action in the pm.

 

[tomsk]

@blakecmathis Load this study, market action getting real interesting

# TICK and AD Label
# tomsk
# 11.15.2019

input TickSymb = "$TIKSP";
input ADSymb = "$ADSPD";

def TICKS = if !IsNaN(close(TickSymb)) then close(TickSymb) else TICKS[1];
def AD = if !IsNaN(close(ADSymb)) then close(ADSymb) else AD[1];

AddLabel(1, " Tick = " + TICKS, if TICKS < 0 
                                then Color.Pink 
                                else Color.Cyan);
AddLabel(1, " AD = " + AD, if AD < -350 then Color.Pink 
                           else if AD > 350 then Color.Cyan 
                           else if between(AD, -250, 250) then Color.White 
                           else Color.Yellow);

 

[tomsk]

Snagged 10 points on /ES, good enough for lunch+dinner money!

 

[blakecmathis]

@tomsk Snagged 6 points off the bounce @ 3095!!!!!

 

[traderintheroom]

What was a boring day turned not so boring.

 

[blakecmathis]

@tomsk Loaded in that study but nothing popping up?

 

[tomsk]

Look carefully, whenever I trade /ES I always have that study up. I'm waiting for AD to turn pink and display -350

 

[blakecmathis]

 

[blakecmathis]

Didn't wait for CCI confirmation @ 3096, risky but it paid off.

 

[traderintheroom]

Look carefully, whenever I trade /ES I always have that study up. I'm waiting for AD to turn pink and display -350

Looking at settings. Can you share how it is set up?

 

[blakecmathis]

@traderintheroom It wont display on tick charts so I put it on the 30m

 

[blakecmathis]

@tomsk At what time did you get your -350 reading?

 

[LouChez]

I have been reading this for a few days and find it very interesting. I trade in a similar fashion using wave trend and CCI to control my entries. What are you using for stops and profit targets? Just support/resistance or something more systematic?

Please keep the daily updates coming!

 

[blakecmathis]

The POC is always a good target and the intraday VWAP. Most of my targets are based on S/R. Just using my eyes man watching price action, consolidation, and head fakes. I started to use the Bollinger Band Stop Loss and I'm loving it so far. You'll notice from all my screenshots that I'm not afraid to take profits early and start looking for the next play.

 

[blakecmathis]

@LouChez Time of day comes into play as well. If I've got a good entry on a position say around 9:15 I might ride it out to 9:30ish. Typically reversals/corrections occur on the half hour. 9:00, 9:30, 10:00, etc.

 

[tomsk]

@traderintheroom It wont display on tick charts so I put it on the 30m

@blakecmathis is absolutely right, only works on time charts, not on tick charts.

@tomsk At what time did you get your -350 reading?

Didn't quite get there today but when it does, it won't bounce so dramatically. If it does not go beyond -250 good odds in reversing like today