Leavitt Slope and Leavitt Acceleration Indicators For ThinkOrSwim

[ApeX Predator]

@MerryDay @J007RMC DIS short triggered, But later in the day used the levels on reversal, entered 180c weekly long, 30% up as of now, will close them in the morning.

 

[HSI1600]

Is it possible to write a scan for:

if LCSlope > LCSlope[1] and LCSlope crosses above -.15 and LCAcceleration > LCAcceleration[1] then "Bull Begin" else
if LCSlope[1] < LCSlope[2] and LCSlope > LCSlope[1] and LCAcceleration > LCAcceleration[1] then "Bull Begin" else

 

[ApeX Predator]

Is it possible to write a scan for:

stick it in the bottom of your script.

plot LeavittBuy = if LCSlope > LCSlope[1] and LCSlope crosses above -.15 and LCAcceleration > LCAcceleration[1] then 1 else if LCSlope[1] < LCSlope[2] and LCSlope > LCSlope[1] and LCAcceleration > LCAcceleration[1] then 1 else 0;
LeavittBuy.Hide();

then a scan query for custom script as below.

YourScriptname().LeavittBuy is true

 

[Shrum]

Does this repaint, bull begin and bull end? Is there a short version?

 

[ApeX Predator]

@Shrum it does, I would take it in to account only after the candle is closed.

 

[Shrum]

So no repaint after a candle closes though?

 

[ApeX Predator]

@Shrum Correct, In my brief experience, no Today is the 1st day of the real trade after I configured the setup and I did backtest with ondemand over the long weekend and some nice success.

-S

 

[dhman06]

@SuryaKiranC Thank you for the nice write up. Do you follow similar rules for swing trades or that changes a bit due to the longer nature of the trade?

 

[HSI1600]

@SuryaKiranC - thanks

 

[ApeX Predator]

@SuryaKiranC Thank you for the nice write up. Do you follow similar rules for swing trades or that changes a bit due to the longer nature of the trade?

DV_Clearnce_Range is used in 5m/15m to make a trade direction decision and find the appropriate support/resistance levels, DV_Clearnce_Range is also try to breach, AKA make a trade decision with in 15m (configured value, could be 5 or 30 mins), there are times where a trade decision can't be made, nevertheless, both Short/Long entry and stops are printed for the said Breach configuration. This happens to aline with Open_Range_Breakout levels.

Usually the breach period trades are found to reverse in most cases and would hit stop levels, unless you exit the trade as soon as you see the the candles falling below/above LeavittConvolution plot line. (Specially then /VX levels are higher).

Once a trade decision is made I am using 15m charts, to hold on to potential upside of the trade than quitting early, and keep switching to higher frames to see if the BullTrend is still valid in higher frames, like 30m, 1H & 2H, if the candles are not crossing and the trends is keeping up, refer to 4H and make a decision to swing or not.

Finally, if you do get 100% gain, I would take 50% or more contracts, off, so 100%, possibly some gains, of capital is protected, and ride out the rest.

Make sure the contracts are not closed worthless, you would still make profit in the end.

-S

PS: Not a trade advice for any investment purpose. It is how I am trying to use this system, Please spend some time and do some due diligence before you put in serious money. Also stop losses are key, you could constantly keep changing the stop losses above your entry after the initial treade decission.

 

[Shrum]

Is there a Bear version of this, seems very promising for the long side :0

 

[ApeX Predator]

@Shrum DV_Clearing_Range and OpenRangeBreakout can be used for bear, and you can always look for Leavitt BullEnd for bear plays.

 

[d1david]

I have a setup with Leavitt study sets combined with OpenRangeBreakout and Something called DV Clearance Range.

The Setup can give long or short direction for the day after 30 mins, to be used on 5m chart for Openrange to show the range, DV Clearing Range can work on 15m and lower, I am still working on this setup to test it out during trade hours or perhaps in an On-Demand.

Leavitt_Grid: https://tos.mx/q3HQTcw

Backtested this with on-demand, was painful to load the charts but was able to pull it off in about 3 hours, SQ and MSFT were the tickers and the date was default selected to Feb 27th.

SQ was a scalp and MSFT was a swing in to opening of next day came out to 18410$ profit (SQ - 14contracts Call Scalp MSFT - 22 Contracts Put Swing)

-S

thanks for posting this! i slimmed it down and will post a screenshot of what is remaining.... been testing it out on the es 5 min and have had some success... during choppy market it doesn't perform all that well, but if can stick it out, once a good trend comes, makes more than up for the loss during the chop (at least so far)... will try to post later this week and or weekend

 

[ApeX Predator]

@d1david Keep us posted, when you finalize it. Please do explain what parts you took out though.

-S

 

[Shrum]

Can’t wait to see the update

 

[dhman06]

thanks for posting this! i slimmed it down and will post a screenshot of what is remaining.... been testing it out on the es 5 min and have had some success... during choppy market it doesn't perform all that well, but if can stick it out, once a good trend comes, makes more than up for the loss during the chop (at least so far)... will try to post later this week and or weekend

Thanks for the valuable feedback. Sounds like this really works well for trending market/ swing trades

 

[optionsRS]

@SuryaKiranC Thank you for all your efforts and helping us!

 

[d1david]

thanks for posting this! i slimmed it down and will post a screenshot of what is remaining.... been testing it out on the es 5 min and have had some success... during choppy market it doesn't perform all that well, but if can stick it out, once a good trend comes, makes more than up for the loss during the chop (at least so far)... will try to post later this week and or weekend

so, been using it on the /nq 5 min as seems to be better with nq than es, and was super excited... my 1st week back testing it with on demand was doing great, (was a trending type of week ) but the next week was choppy and took back most of the gains

 

[ApeX Predator]

@d1david what did you remove for slimming it?

-Surya

 

[Novaskimo]

Hi, Thank you for this amazing script. Is it possible to make a Watchlist Column for this? Bull Start/ Bull End