/ES Futures Trading Strategy on ThinkorSwim

I find this to be an extremely useful indicator just loaded it up this morning oh my gosh yes I have it on a 3min chart. So few lines of well thought out code can move mountains thank you

Code:
# tomsk
# 1.7.2020
# Freedom of Movement and Relative Volume Std Dev
# Original code: provided by blakecmathis
declare lower;
declare zerobase;
input length = 60;
input numDev = 2.0;
input allowNegativeValues = no;
def mov = AbsValue(close / close[1] - 1); do so much thanks man
def minMov = Lowest(mov, length);
def maxMov = Highest(mov, length);
def nMov = 1 + (mov - minMov) / (maxMov - minMov) * 9;
def vol = (volume - Average(volume, length)) / StDev(volume, length);
def minVol = Lowest(vol, length);
def maxVol = Highest(vol, length);
def nVol = 1 + (vol - minVol) / (maxVol - minVol) * 9;
def vByM = nVol / nMov;
def rawFoM = (vByM - Average(vByM, length)) / StDev(vByM, length);
#Relative Volume Std Dev
def rawRelVol = (volume - Average(volume, length)) / StDev(volume, length);
def RelVol = if allowNegativeValues then rawRelVol else Max(0, rawRelVol);
plot signal = rawFoM > numDev and RelVol > numDev;
AddLabel(signal, "CSA FoM RV StDev Triggered", Color.Yellow);
Alert(signal, "CSA FoM RV StDev", Alert.BAR, Sound.RING);
# End CSA FoM and RV Std Dev
 

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Well I too am new to this but love it already. To the best of my knowledge Standard deviation is the statistical measure of market volatility, measuring how widely prices are dispersed from the average price. If prices trade in a narrow trading range, the standard deviation will return a low value that indicates low volatility. Conversely, if prices swing wildly up and down, then standard deviation returns a high value that indicates high volatility.

2I98GnS.png
 
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I trade the 5min chart but like to have the 15, 60 min chart to watch for later time frame direction and momentum. Just my style many times I trade the 3min. My charts tend to morph a lot tonight I put together a two grid and I change up a lot. I can post my latest I try to keep up with the great stuff the site churns out but my goal is always to keep things as simple as possible because I trade on a laptop. 3-5min I posted is profitable. I like the relative col deviation so I look for tops and bottoms to scalp the rsi laguerre is great tops and bottoms short time frame and ba has been very good to me. I can post tonights grid not so many labels. Both lt and rt charts have only ttm/cci plus pivots not as busy looking switch it up any way you want of course. I like simple.
 
thanks to everyone here, so much helpful information. Can someone explain what are the confirmations for signals?
 
@tem2005 Confirmation for signals: price action, candle stick patterns (head & shoulders, triangle plays, etc.), or CCI/ATR from the 2000t).

@blakecmathis thank you for the reply

Correct me if I'm wrong. The CCI is The green line that has to be in the low level to confirm the bullish signal in 1000t And vise versa. Can I use that indicator on IOS system or Android? Where is the ATR?

Sorry being too trouble :(
 
@tem2005 No problem at all man. I dont know much about the source coding behind it but the CCI/ATR combo is what I use to paint the candles on 1000t and 2000t. All it represents is current trend direction. Green for bullish and red for bear obviously. The green line you are referencing is the Wave Trend Oscillator. WTO is what provides the buy/sell signals (arrows).
 
The perfect storm for getting in long

FE < .3 on the 1000t
FE < .4 on the 2000t
WTO buy signals across the board
Beautiful bounce off the 61.8% Fib
Tri breakout

First target was @ 3276 but it got smoked on the way up so held on a little longer and it payed off.

CFedISR.png
 
@tem2005 No problem at all man. I dont know much about the source coding behind it but the CCI/ATR combo is what I use to paint the candles on 1000t and 2000t. All it represents is current trend direction. Green for bullish and red for bear obviously. The green line you are referencing is the Wave Trend Oscillator. WTO is what provides the buy/sell signals (arrows).

Thank for the clarification. Are there anyway to create alerts when signal generated wither desktop or iphone?
 

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