/ES Futures Trading Strategy on ThinkorSwim

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I've had this pulled up on my 30m chart ever since you recommended it but I'm not exactly sure what specific thresholds indicate brotha
 
The TICKS and AD are not extreme, reversals can happen anytime
My threshold is +/- 350
mmm. Actually I threat it differently. 350-450 tick is perfect strong trend tick range. Its the 850+ spikes which usually signify end of trend
The thing is the volume in first 15 minutes, the weekly setup, the catalyst ( negative PMI) - all was very strong setup for downtrend
And there were opportunites with good RR stops. the whole 950-957 cluster was good if mindset was for continuation.
another decent point was 1017-1020 (not very good though as the trend ran hard smashing into hard support area)

TBH though i was biased for ranged day and expected bounce in expanding tri of 3135- 3140 area. That failed, but it would be good to actually to go for continuation there

p.s. I think though I agree that probably 400+ is better market for stronger overall market trend
 
Last edited:
@Talochka You seem to have a typo. It's 350, and NOT 3350.
This is in reference to the S&P 500 that has a basket of 500 stocks.
AD 350 means that 350 stocks out of the 500 are advancing
AD -350 means that 350 stocks out of the 500 are declining
thanks for clarifying, also where do you get info on advance decline number
 
@Talochka Load the following on your charts, it will display the AD color coded.
I pulled that out from another study I posted maybe 1-2 weeks ago
Just for you my friend!

Code:
# AD Color Coded
# tomsk
# 12.2.2019

input ADSymb = "$ADSPD";
def AD = if !IsNaN(close(ADSymb)) then close(ADSymb) else AD[1];
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);
 
I didn't open a position until the afternoon due to the fact that I hadn't traded a single contract since last Tuesday. Felt a little out of sync I guess I don't know how else to explain it. Just wanted to kinda sit back and see how the morning panned out. Anyways here's my action from today.

BwQgy5p.png
 

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