i too tried the divergence with IWM. It works quite well and i was able to simulate the buy/sell point on paper trade. I've actually entered a buy order at the last 5 minutes as it shows a double bottom. looking for another nice gap up tomorrow.
I loaded up a watchlist using the macd, and ma cross 5/10/20 then ran a scan for divergence and saved the scan as such. I load up the divergence scan-and look for two lights to agree either green or red. It seems quite effective and matches the macd divergence chart. Note: the divergence both red and green are effective as well
Where I find the video or script that is used in the "scan" option of TOS to combine the 2 studies "Hidden MACD Divergence Indicator for ThinkorSwim (Bullish / Bearish Signals)" and "RSI Divergence Indicator with Scanner for ThinkorSwim", that is, I would like to have a watchlist which shows the stocks when the 2 studies (Divergence MACD and Divergence RSI) show the same divergence both above and below, because when used both do not show or indicate the same divergence :/
Hi, I recently joined this forum and just want to say that I am finding the assistance absolutely amazing, thank you.
I am still learning about ThinkorSwim and tried to test this indicator but when I import and apply it, the candles seem to flatten (lose all their formatting) and am not seeing any arrows on any charts, am I missing a basic step when using them?
I did see a comment in another thread about unticking the "show plot" which seems to restore the candles but I still don't see any arrows.
I have some other indicators installed and seeing results so my general setup seems to be good.
Thank you in advance.