Help coding 3/8 Trap Easy Scan from TC2K

samerjb

New member
Dear friends: Happy new year :)

I started following the pop out of the box (Darvas Box) strategy & found the best teachings are those of Doug Campbell's from Right Way Options.
He uses TC2000 to scan for the 3/8 Trap. I would be grateful if anybody can reverse engineer his scan for ToS.
L <= XAVGC8 and C > XAVGC8 and (C < XAVGC3.1) or (C < XAVGC3.2) or (C < XAVGC3.3)

I searched for a day but found nothing floating in the public think scripts.

Here is some decoding to make things easier:

L = Today's low price
C = Closing price today
XAVGC = Exponential Moving Average of Close/Last Price
Parentheses will force an operation to perform earlier in the order.

Thanks a ton for helping out.
Sam
 
Hi , I tried to scan Long Entry scan code you provided. For some reason just see 3/8 trap that already occured 3-4 bars prior. How can i get that is currently trapped ? Any thoughts ? I am using on daily charts. Thanks !
can you define what would you consider a trap with specific conditions, so I may try to take a look? I've been playing with several 3/8 experiments. I have to check my scans, as I haven't been using them for a while.
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

can you define what would you consider a trap with specific conditions, so I may try to take a look? I've been playing with several 3/8 experiments. I have to check my scans, as I haven't been using them for a while.
Did you know that clicking on a member's name will allow you to see when a member was last seen on the uTS forum? @Trader2021 has not been seen in a while. :(
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
339 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top