/ES Futures Trading Strategy on ThinkorSwim

[blakecmathis]

Wave Trend Oscillator Upper Signals

#WT_LB Short Name TV
declare upper;
input Channel_Length = 10; #10
input Average_Length = 21; #10
input over_bought_1 = 60;
input over_bought_2 = 53;
input over_sold_1 = -60;
input over_sold_2 = -53;
input show_bubbles = yes;
input show_sec_bbls = no;
input show_alerts = yes;
def ap = hlc3;
def esa = ExpAverage(ap, Channel_Length);
def d = ExpAverage(AbsValue(ap - esa), Channel_Length);
def ci = (ap - esa) / (0.015 * d);
def tci = ExpAverage(ci, Average_Length);
def wt1 = tci;
def wt2 = SimpleMovingAvg(wt1, 4);

def signal1 = wt1 crosses above wt2 and wt1 < over_sold_2;

def signal2 = wt1 crosses below wt2 and wt1 > over_bought_2;


# Plot Signals
plot bullish = signal1;
bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullish.SetDefaultColor(Color.CYAN);
bullish.SetLineWeight(5);

plot bearish = signal2;
bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearish.SetDefaultColor(Color.MAGENTA);
bearish.SetLineWeight(5);

 

[Trading51]

Here's a little something that some of you might find handy if you have multiple monitors. It's a 6 panel flexible grid with /NQ & QQQ, /ES &SPY and /RTY & IWM to include the RSILE_FE study modified by @skynetgen. At a glance, it helps to see if one market is moving where the other is not , so you can jump to the moving market. NOTE: the charts are set to the 1 minute timeframe.

(You might need to actually 'copy' the "Learning Center" URL below (to paste into TOS) because clicking on it from your browser only takes you to the learning center webpage.)
https://tos.mx/CcJ6RCz

Cannot figure out how to get copy the Link it keeps taking me to the learning center?

 

[chillc15]

Cannot figure out how to get copy the Link it keeps taking me to the learning center?

Just copy and paste this link into your browser instead of clicking on it.

https://tos.mx/OUD8wpZ

 

[Trading51]

Just copy and paste this link into your browser instead of clicking on it.

https://tos.mx/OUD8wpZ

thank you

 

[mturtrader]

@blakecmathis i am new to trading options. With indicators from your strategy, i paper traded SPX options for 2 days in a row and up 35%. Thanks a lot for sharing this strategy. I use the link (https://tos.mx/4gmXmj2) you shared earlier. just curious, do i always get the latest and greatest (new enhancements, etc) by using that link? please suggest.

 

[blakecmathis]

This is my current setup minus the Bollinger Band Stop Loss (warehouse indicator).

https://tos.mx/eqcPPPD

 

[lzstock]

I just got off the phone with TD Ameritrade. Some are having issues accessing the links. I lost access a couple of days ago. They did an update then. They are doing a patch tomorrow night to fix it. The links should be working fine again after that.

The error routes all links to https://tos.mx/center/howToTos

 

[blakecmathis]

@lzstock A work around is to just copy the link and paste it into "Open Shared Item".

 

[RickK]

Cannot figure out how to get copy the Link it keeps taking me to the learning center?

Just right button click on the link in your browser and select "copy link location" (Firefox). Then use that link in TOS to Open Shared Item.

 

[Talochka]

This is my current setup minus the Bollinger Band Stop Loss (warehouse indicator).

https://tos.mx/eqcPPPD

there is no link here to copy. Please revise.

 

[markos]

there is no link here to copy. Please revise.

Last we heard, TOS is aware of the link problem and is working on a fix. Call support if you would like an update.

 

[tomsk]

@markos Looks like TOS just fixed the problem with the links that has been plaguing users for the past 2-3 days. In the nick of time too or a whole lot more user complaints would snowball.

 

[Talochka]

Happy Holidays to All !!!!!

 

[television]

Merry Christmas!!

 

[nazar2242]

can this be used for other stocks like $SPY?

 

[RickK]

Edit: Nevermind. I fixed it with the help of a @tomsk post for SuperTrend ATR CCI Trend here. https://usethinkscript.com/threads/supertrend-cci-atr-trend-for-thinkorswim.1090/#post-9561

I tried my hand at editing (merging) a couple of scripts b/c I was impressed by what I saw on a @blakecmathis 2000t chart awhile back...where the CCI_ATR_COMBO switched from placing colored dots on the candle, but actually painted the candles instead. I used SLIM_RIBBON for the "plot Colorbars" code, but for some reason, all of my candles end up yellow. @Anyone have an idea what I've done wrong? I guess I could have just asked @blakecmathis for the code, but I like to tinker with code (at least editing/modifying others' code) and hoped to achieve this by myself.

Thanks!

def c = close;
def h = high;
def l = low;
def pricedata = hl2;

#SUPERTREND
input ST_Atr_Mult = 1.0;
input ST_Length = 4;
input ST_AvgType = AverageType.HULL;

def ATR = MovingAverage(ST_AvgType, TrueRange(high, close, low), ST_Length);
def UP = HL2 + (ST_Atr_Mult* ATR);
def DN = HL2 + (-ST_Atr_Mult * ATR);
def ST = if close < ST[1] then UP else DN;

def SuperTrend = ST;


#CCI_ATR
input lengthCCI = 50;
input lengthATR = 21;
input AtrFactor = 1.0;

def ATRcci = Average(TrueRange(h, c, l), lengthATR) * AtrFactor;
def price = c + l + h;
def linDev = LinDev(price, lengthCCI);
def CCI = if linDev == 0
          then 0
          else (price - Average(price, lengthCCI)) / linDev / 0.015;

def MT1 = if CCI > 0
          then Max(MT1[1], pricedata - ATRcci)
          else Min(MT1[1], pricedata + ATRcci);
def CCI_ATR_TREND = MT1;

plot ST_ATR_COMBO = if C> ST and C>CCI_ATR_TREND then min(CCI_ATR_TREND, ST) else if c< ST and c<CCI_ATR_TREND then max(CCI_ATR_TREND, ST) else CCI_ATR_TREND;

ST_ATR_COMBO.AssignValueColor(if c < MT1 and c <ST then color.magenta else if C > MT1 and c >ST then color.CYAN else color.white);
ST_ATR_COMBO.setPaintingStrategy(paintingStrategy.LINE_VS_POINTS);


## new code to paint then candles the same color as the ST_ATR_COMBO

plot Colorbars = if C> ST and C>CCI_ATR_TREND then min(CCI_ATR_TREND, ST) else if c< ST and c<CCI_ATR_TREND then max(CCI_ATR_TREND, ST) else CCI_ATR_TREND;

Colorbars.AssignValueColor(if c < MT1 and c <ST then color.magenta else if C > MT1 and c >ST then color.CYAN else color.yellow);

colorbars.hide();

Colorbars.definecolor("Buy_Signal_Bars", color.CYAN);

Colorbars.definecolor("Sell_Signal_Bars", color.MAGENTA);

Colorbars.definecolor("Neutral", color.yellow);



AssignPriceColor(if Colorbars ==1 then colorbars.color("buy_signal_bars") else if colorbars ==2 then colorbars.color("Sell_Signal_bars") else  colorbars.color("neutral"));

#end

 

[RickK]

Edit: Nevermind. I fixed it with the help of a @tomsk post for SuperTrend ATR CCI Trend here. https://usethinkscript.com/threads/supertrend-cci-atr-trend-for-thinkorswim.1090/#post-9561

Here is the resulting code:

# SUPERTREND BY MOBIUS AND CCI ATR TREND COMBINED INTO ONE CHART INDICATOR, BOTH IN AGREEMENT IS A VERY POWERFUL SIGNAL IF TRENDING. VERY GOOD AT CATCHING REVERSALS. WORKS WELL ON 1 AND 5 MIN CHARTS. PLOT IS THE COMBINATION LOWEST FOR UPTREND AND HIGHEST OF THE DOWNTREND. DOTS COLORED IF BOTH IN AGREEMENT OR GREY IF NOT -  08/10/19 DTEK

# Code added at the bottom by @RickKennedy to add a new plot to paint the candles the same color as the ATR_CCI_COMBO plot    12/28/19


def c = close;
def h = high;
def l = low;
def pricedata = hl2;

#SUPERTREND
input ST_Atr_Mult = 1.0;
input ST_Length = 4;
input ST_AvgType = AverageType.HULL;

def ATR = MovingAverage(ST_AvgType, TrueRange(high, close, low), ST_Length);
def UP = HL2 + (ST_Atr_Mult* ATR);
def DN = HL2 + (-ST_Atr_Mult * ATR);
def ST = if close < ST[1] then UP else DN;

def SuperTrend = ST;


#CCI_ATR
input lengthCCI = 50;
input lengthATR = 21;
input AtrFactor = 1.0;

def ATRcci = Average(TrueRange(h, c, l), lengthATR) * AtrFactor;
def price = c + l + h;
def linDev = LinDev(price, lengthCCI);
def CCI = if linDev == 0
          then 0
          else (price - Average(price, lengthCCI)) / linDev / 0.015;

def MT1 = if CCI > 0
          then Max(MT1[1], pricedata - ATRcci)
          else Min(MT1[1], pricedata + ATRcci);
def CCI_ATR_TREND = MT1;

plot ST_ATR_COMBO = if C> ST and C>CCI_ATR_TREND then min(CCI_ATR_TREND, ST) else if c< ST and c<CCI_ATR_TREND then max(CCI_ATR_TREND, ST) else CCI_ATR_TREND;

ST_ATR_COMBO.AssignValueColor(if c < MT1 and c <ST then color.magenta else if C > MT1 and c >ST then color.CYAN else color.white);
ST_ATR_COMBO.setPaintingStrategy(paintingStrategy.LINE_VS_POINTS);


# New code:  Candle Colors

AssignPriceColor(if c < MT1 and c <ST then color.magenta else if C > MT1 and c >ST then color.CYAN else color.white);
#end

 

[horserider]

@RickKennedy Start over.
Do you need a plot of colorbars?
Did you define the values for "Buy_Signal_bars" etc.

Do not complicate it. Just think what conditions will paint bars cyan or magenta and then yellow becomes previous conditions not met.

hahaha you cheated. Glad you got it. I was a bit late.

 

[RickK]

Thanks @horserider for jumping in though. Yeah, that first set of code from SLIM RIBBON was so much more complicated than the simple 1 line of code from the SUPERTREND ATR CCI.

 

[RickK]

@tomsk Thanks for pointing that out. I thought the same as well. Just finished watching one of TheoTrade videos on it. And he said the same. @horserider I would consider looking at the indicator again. What you just said is the opposite of how the FE works.

@BenTen .... Thanks so much for mentioning the TheoTrade video on this subject!! 52 minutes (well actually about 45 min before the sales pitch) of detailed, intensive explanation of the RSI-LE/Fractal Energy portion of this strategy system. For anyone here who wants a deeper understanding of this (to include setting up TOS scans and using it for options trading [which i don't do]), I highly recommend this video. I knew that a low FE meant exhaustion of a move, but I was always a bit unclear about what a high FE might mean. It's all explained, with examples. And, a great nugget I pulled was the value of using the RSI portion of the indicator. Mostly in the charts that have been posted here, the RSI plot is turned off (I think). Now I see it as imperative....another point of confirmation.

Anyone want to check it out, I'm posting the link here.