Indicator for Think or Swim based on Rob Smith's The STRAT

[Pelonsax]

very nice!

BTW Congratulations I think you're the first to publish a mod!

 

[Forsythe Investing]

For anyone having the issue I had, this video is a great way to set up the scan but you will still sometimes find incorrect returns unless you disable "start aggregations at market open" in the equities tab on chart settings. This fixed it for me.

If you disable this, doesn't it then take premarket into consideration? I thought you would want to start at market open. (now confused)

 

[avpatel]

look I'm new here but I just wanted to say thank you ... great scripts and explaining I have alot to digest ... this stuff (scripts and posting) not easy so thank you for it

 

[avpatel]

3_1_Broadening_Formation
https://tos.mx/U6xvWgx

@Pelonsax 1st thank you for all your hard work, this broadening formation help so much ... I looked but maybe I missed it .. is this the latest and if it is can I suggest an improvement (it might not make sense and please ket me know why not as I want to learn) since we want TFC we look at several charts like some of your other scripts you can have higher time frames drawn on a the same chart ... so if im trading the 60 min and I see the broadening formations on it ... I would love to see in a different color say the weekly or daily .... 1 do you think it will help and if it does can you update it. Again thank you for your hard work, sadly I can't do it yet but maybe one day

 

[rad14733]

@avpatel When asking for help with code, please post the code itself, or a link to the code within the forums, not just a shared link... We shouldn't have to import code into our TOS to view it... I understand that you are new, and welcome to the forums, but the easier you make our ability to help you the faster said help can be provided...

 

[bobbybones]

Sorry for the question, but how would i trade this? I watched a few videos and i understand the 1s 2s and 3s but im not sure what patterns there are, or how to read them. Im not really sure how to use the information i have tbh. Thanks for your help.

~Bones

 

[Pelonsax]

Sorry for the question, but how would i trade this? I watched a few videos and i understand the 1s 2s and 3s but im not sure what patterns there are, or how to read them. Im not really sure how to use the information i have tbh. Thanks for your help.

~Bones

Watch that video I posted in the top post. The Benzinga video. Also Rob now has a full course available, I think it's on Ticker Tocker

 

[Nicksmo]

i am trying to create a watchlist column that will show me hourly bars that "start aggrregation at market open. Im using "the Strat" strategy and the hourlys have to start on market open but seems the default for the watchlist column is not doing that as i get different results on my watchlist column then the chart. can anyone help me have this start the aggregation at market open?

def H = high;
def L = low;
def C = close;
def O = open;

def insidebar =  (H < H[1] and L > L[1]) or (H == H[1] and L > L[1]) or (H < H[1] and L == L[1]) or (H == H[1] and L == L[1]);
def outsidebar =  H  > H[1] and L <  L[1];
def twoup  = H > H[1] and L >= L[1];
def twodown  = H <= H[1] and L < L[1];


plot barType = if Show_Strat_Numbers and insideBar then 1 else if Show_Strat_Numbers and outsidebar then 3 else if !insidebar and !outsidebar and Show_Twos then 2 else double.nan;
bartype.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);
barType.SetDefaultColor(color.cyan);

assignbackgroundColor(if insidebar then color.yellow else if outsidebar then color.magenta else if twodown then color.red else color.green);

 

[Ricorichie]

Hello,

Take a look at this link. https://www.hahn-tech.com/ans/how-t...ime-frame-to-start-at-the-bottom-of-the-hour/

This link talks about the ToS default settings for the platform. It seems that the watchlists start at the top of every hour, and not the half hour or anywhere else for that matter. So the watchlist would start at 9am Est instead of 9:30am Est. You can obviously affect the start period for the charts at market open but apparently that does not apply to the rest of the platform. It might not be possible, but we can wait for others to chime in on this.

R

 

[Nicksmo]

Excellent work and thank you for all of this! I was playing with watch list columns and saw the 1st titled Strat FTC didn't match up so I basically combined the 2 to show color codes with price. This plots more to my thinking as I want FTFC across the board as the individual frames will take care of themselves. Anyway it works for my brain. It loaded 50-70 symbols pretty quick (weekend), S&P 100 it started bogging down.

#------------------------------------
#
#        M T F      S T R A T
#         W A T C H L I S T
# a Study by Ramon DV. aka Pelonsax
#
#------------------------------------
#------------------------------------
# S T R A T    R E V E R S A L S
#
# A study by Ramon DV. aka Pelonsax
#
# Version 1.0  8/01/20
#
# Version 2.0 8/4/20 Corrected errors in logic for scenarios
# Version 2.1 8/15/20 Added Reversals
#
#------------------------------------
plot O = open;
def H = high;
def L = low;

def C = close;
#------------------------------------
# DEFINE SCENARIOS
#------------------------------------
def insidebar =  (H < H[1] and L > L[1]) or (H == H[1] and L > L[1]) or (H < H[1] and L == L[1]) or (H == H[1] and L == L[1]);
def outsidebar =  H  > H[1] and L <  L[1];

def insidebarup  = insidebar and O < C;
def twoup  = H > H[1] and L >= L[1];
def outsidebarup  = outsidebar and O < C;
def insidebardown  = insidebar and O > C;
def twodown  = H <= H[1] and L < L[1];
def outsidebardown  = outsidebar and O > C;
#------------------------------------
# LABEL SECTION
#------------------------------------

AssignBackgroundColor(
if
twoup then Color.GREEN else if
twodown then Color.RED else if
outsidebarup then Color.DARK_GREEN else if
insidebarup then Color.LIGHT_GREEN else if
outsidebardown then Color.DARK_RED else if
insidebardown then Color.ORANGE else if
!insidebarup and
!insidebardown and
insidebar then Color.WHITE else if
!outsidebardown and
!outsidebarup and
outsidebar then Color.YELLOW else Color.CURRENT);
addlabel(yes, O, color.black);

Have you noticed that the 1 hr bars do not match up with the strat strategy which is that 1 hr bars to "start aggregation on market open" it seems the watchlist colomns dont do that...they populate the bars at the "top of the hour" which would be wrong..was wondering if you had a solution for that?

 

[Nicksmo]

good old Hahn...always with the knowledge. Thanks man will see if anyone has an idea

 

[XeoNoX]

i would imagine if the 1hr is off then 2hr and 4hr must be off as well.
use secondsfromtime to count the 1hr intervals that you want counted
such as 930-1030 or 1030-1130 or 1230-1330 etc

 

[bobbybones]

Watch that video I posted in the top post. The Benzinga video. Also Rob now has a full course available, I think it's on Ticker Tocker

I watched the video but I’m still not sure exactly what an entry looks like. I believe it’s like there is a 3 candle and a 1 candle, and if a 2 breaks the bottom of the 1 short it.
I know there’s other patterns but I’m confused about one more thing, like how do you know which direction price might go or if it’s a continuation pattern. I know he also uses candle patterns like doji candles or hammers but I’m not sure where to even look to learn about this. The video was lowkey vague. sorry for making you put up with my stupidity.
~Bones

 

[Nicksmo]

I watched the video but I’m still not sure exactly what an entry looks like. I believe it’s like there is a 3 candle and a 1 candle, and if a 2 breaks the bottom of the 1 short it.
I know there’s other patterns but I’m confused about one more thing, like how do you know which direction price might go or if it’s a continuation pattern. I know he also uses candle patterns like doji candles or hammers but I’m not sure where to even look to learn about this. The video was lowkey vague. sorry for making you put up with my stupidity.
~Bones

I have to say i agree it’s the worst video of the process of this. I dug a bit more and it seems like if you look on YouTube for “benzinga strat” videos...they made one on Friday with this guy Arturio something that he goes over it pretty well. To be honest i have looked at a lot of strategies and this one seems to make the most sense to me.

 

[Nicksmo]

@Pelonsax Awesome scan. However I think it needs to be changed so that the inside bar 1 bar ago and the twodown is the most current, because we want to catch the next day if it goes above the two that closes green. Current the scan is showing how it would work after thet fact. For example I pulled WIX from the scan today, it would have worked amazing!

could you share that script for the MTF labels? of the D W M Q? i cant seem to find it

 

[Pelonsax]

I watched the video but I’m still not sure exactly what an entry looks like. I believe it’s like there is a 3 candle and a 1 candle, and if a 2 breaks the bottom of the 1 short it.
I know there’s other patterns but I’m confused about one more thing, like how do you know which direction price might go or if it’s a continuation pattern. I know he also uses candle patterns like doji candles or hammers but I’m not sure where to even look to learn about this. The video was lowkey vague. sorry for making you put up with my stupidity.
~Bones

@Nicksmo I Recently made a few new videos on the STRAT and posted them on twitter as well as my youtube page. Check them out and if you still have trouble what I'm trying to do is schedule times to do one on one with folks that are newer to the strat on the discord channel so that we can all pull each other up at the same time.

 

[laperchaser]

@Nicksmo I Recently made a few new videos on the STRAT and posted them on twitter as well as my youtube page. Check them out and if you still have trouble what I'm trying to do is schedule times to do one on one with folks that are newer to the strat on the discord channel so that we can all pull each other up at the same time.

Would love to be included on this. I purchased Rob's course but the videos aren't really as clear as I would have hoped. Arturo did a dope job on his webinar though. I'm currently trying to use the strat for swing trading options.

 

[rad14733]

Would love to be included on this. I purchased Rob's course but the videos aren't really as clear as I would have hoped. Arturo did a dope job on his webinar though. I'm currently trying to use the strat for swing trading options.

Search YouTube for Pelonsax...

 

[Pelonsax]

Search YouTube for Pelonsax...

or follow the link on the top post and click on my channel. Go ahead and give it a subscribe while you're at it!

 

[Pelonsax]

I just completed the preloaded charts with their own TFC studies so the background color stays the same. Top post.