Long Term Bull Indicator for ThinkorSwim

YungTraderFromMontana

YungTraderFromMontana

Well-known member
@RickAns @HighBredCloud @Playstation @ezrollin @markos
Here is the latest and completely reshaped version intended for uptrending equities, I have yet to find a different strategy that can beat it without taking thousands of trades. If you guys want a ranged version for commodities or a downtrend version feel free to ask.
I was able to heavily cut the frequency of trades while also increasing p/l, for example on SPY where it made 355 dollars going up and 215 going down on 150 orders in the last 26 years. It would certainly would be even crazier on more volatile stocks.
This is meant for long term trading but I think I'll start working on a short term intraday version, It shouldn't be to hard to modify it. If I were doing an intraday version how many times a day would be ideal for you guys? 10 trades a day on average?

Here is the code
The left has the bull strategy the right has the bear strategy. They aren't opposites so I can't combine them. One last thing to note is that the bull strategy is more developed and better in more scenarios while the bear strategy shines in 2008 crash like environments.

Bull
Code: 
#TMO True Momentum Oscillator with Higher Aggregation _Mobius
#Tuesday, May 15, 2018 12:36 PM

## OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius
## Archive Section: Momentum
## Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius
## Archive Date: 5.15.2018
## Archive Notes:
## 08:43 Mobius: Well give it a few days to get altered, muched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it.
## 08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 time higher.

## "##" indicates an addition or adjustment by the OneNote Archivist
## Original Code Follows

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation

# Mobius
# V01.05.2018
#hint: TMO calculates momentum using the delta of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.
input length = 14;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.DAY;
input agg2 = AggregationPeriod.Two_DAYS;
input agg3 = AggregationPeriod.THREE_DAYS;
input agg4 =  AggregationPeriod.four_DAYS;
input agg5 =  AggregationPeriod.weeK;

def zeroline = 0;
def o = open(period = agg);
def c = close(period = agg);
def data = fold i = 0 to length
           with s
           do s + (if c > getValue(o, i)
                   then 1
                   else if c < getValue(o, i)
                        then - 1
                        else 0);
def EMA5 = ExpAverage(data, calcLength);
def Main = ExpAverage(EMA5, smoothLength);
def Signal = ExpAverage(Main, smoothLength);

def zero = if isNaN(c) then double.nan else 0;
def ob = if isNaN(c) then double.nan else round(length * .5);

def os = if isNaN(c) then double.nan else -round(length * .05);


def o2 = open(period = agg2);
def c2 = close(period = agg2);
def data2 = fold i2 = 0 to length
           with s2
           do s2 + (if c2 > getValue(o2, i2)
                   then 1
                   else if c2 < getValue(o2, i2)
                        then - 1
                        else 0);

def EMA52 = ExpAverage(data2, calcLength);
def Main2 = ExpAverage(EMA52, smoothLength);
def Signal2 = ExpAverage(Main2, smoothLength);

def o3 = open(period = agg3);
def c3 = close(period = agg3);
def data3 = fold i3 = 0 to length
           with s3
           do s3 + (if c3 > getValue(o3, i3)
                   then 1
                   else if c3 < getValue(o3, i3)
                        then - 1
                        else 0);

def EMA53 = ExpAverage(data3, calcLength);
def Main3 = ExpAverage(EMA53, smoothLength);
def Signal3 = ExpAverage(Main3, smoothLength);

def o4 = open(period = agg4);
def c4 = close(period = agg4);
def data4 = fold i4 = 0 to length
           with s4
           do s4 + (if c4 > getValue(o4, i4)
                   then 1
                   else if c4 < getValue(o4, i4)
                        then - 1
                        else 0);

def EMA54 = ExpAverage(data4, calcLength);
def Main4 = ExpAverage(EMA54, smoothLength);
def Signal4 = ExpAverage(Main4, smoothLength);

def o5 = open(period = agg5);
def c5 = close(period = agg5);
def data5 = fold i5 = 0 to length
           with s5
           do s5 + (if c5 > getValue(o5, i5)
                   then 1
                   else if c5 < getValue(o5, i5)
                        then - 1
                        else 0);

def EMA55 = ExpAverage(data5, calcLength);
def Main5 = ExpAverage(EMA55, smoothLength);
def Signal5 = ExpAverage(Main5, smoothLength);


plot bullish = (Main > Signal) and (Main2 > Signal2) and (Main3 > Signal3) and (Main4 > Signal4) and (Main5 < Ob);
plot bearish = (Main < Signal) and (Main2 < Signal2) and (Main3 < Signal3);
def sellshort = (Main4 > Signal4);
def selllong = (Main5 < Signal5) and (Signal5 < ob);
def SSS = if sellshort then 100 else if selllong then -100 else 0;
def SS = if bullish then 100 else if bearish then -100 else 0;

def sBuy = SS crosses above 0;
def sSell = SS crosses below 0;
def sbuysell = SSS crosses below 0;
def SSellbuy = SSS crosses above 0;

AddOrder(OrderType.Buy_TO_OPEN, condition = Sbuy
, price =  open[-1], 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "BE");

AddOrder(OrderType.Sell_to_Close, condition = sbuysell
, price = open[-1], 1, tickcolor = Color.RED, arrowcolor = Color.RED, name = "SE");
BEAR
Code: 
#TMO True Momentum Oscillator with Higher Aggregation _Mobius
#Tuesday, May 15, 2018 12:36 PM

## OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius
## Archive Section: Momentum
## Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius
## Archive Date: 5.15.2018
## Archive Notes:
## 08:43 Mobius: Well give it a few days to get altered, muched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it.
## 08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 time higher.

## "##" indicates an addition or adjustment by the OneNote Archivist
## Original Code Follows

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation

# Mobius
# V01.05.2018
#hint: TMO calculates momentum using the delta of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.
input length = 14;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.DAY;
input agg2 = AggregationPeriod.TWO_DAYS;
input agg3 = AggregationPeriod.THREE_DAYS;
input agg4 =  AggregationPeriod.FOUR_DAYS;
input  agg5 = AggregationPeriod.WEEK;
input agg6 = AggregationPeriod.Month;

input length2 = 14;
input price = close;
input averageType = AverageType.WILDERS;

input length3 = 10;
input overBought = -20;
input overSold = -80;

def hh = Highest(high, length);
def ll = Lowest(low, length);
def result = if hh == ll then -100 else (hh - close) / (hh - ll) * (-100);

def WR = if result > 0 then 0 else result;

def NetChgAvg = MovingAverage(averageType, price - price[1], length2);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length2);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

def o = open(period = agg);
def c = close(period = agg);
def data = fold i = 0 to length
           with s
           do s + (if c > GetValue(o, i)
                   then 1
                   else if c < GetValue(o, i)
                        then - 1
                        else 0);
def EMA5 = ExpAverage(data, calcLength);
def Main = ExpAverage(EMA5, smoothLength);
def Signal = ExpAverage(Main, smoothLength);

def zero = if IsNaN(c) then Double.NaN else 0;
def ob = if IsNaN(c) then Double.NaN else Round(length * .5);

def os = if IsNaN(c) then Double.NaN else -Round(length * .5);


def o2 = open(period = agg2);
def c2 = close(period = agg2);
def data2 = fold i2 = 0 to length
           with s2
           do s2 + (if c2 > GetValue(o2, i2)
                   then 1
                   else if c2 < GetValue(o2, i2)
                        then - 1
                        else 0);

def EMA52 = ExpAverage(data2, calcLength);
def Main2 = ExpAverage(EMA52, smoothLength);
def Signal2 = ExpAverage(Main2, smoothLength);

def o3 = open(period = agg3);
def c3 = close(period = agg3);
def data3 = fold i3 = 0 to length
           with s3
           do s3 + (if c3 > GetValue(o3, i3)
                   then 1
                   else if c3 < GetValue(o3, i3)
                        then - 1
                        else 0);

def EMA53 = ExpAverage(data3, calcLength);
def Main3 = ExpAverage(EMA53, smoothLength);
def Signal3 = ExpAverage(Main3, smoothLength);

def o4 = open(period = agg4);
def c4 = close(period = agg4);
def data4 = fold i4 = 0 to length
           with s4
           do s4 + (if c4 > GetValue(o4, i4)
                   then 1
                   else if c4 < GetValue(o4, i4)
                        then - 1
                        else 0);

def EMA54 = ExpAverage(data4, calcLength);
def Main4 = ExpAverage(EMA54, smoothLength);
def Signal4 = ExpAverage(Main4, smoothLength);

def o5 = open(period = agg5);
def c5 = close(period = agg5);
def data5 = fold i5 = 0 to length
           with s5
           do s5 + (if c5 > GetValue(o5, i5)
                   then 1
                   else if c5 < GetValue(o5, i5)
                        then - 1
                        else 0);

def EMA55 = ExpAverage(data5, calcLength);
def Main5 = ExpAverage(EMA55, smoothLength);
def Signal5 = ExpAverage(Main5, smoothLength);

def o6 = open(period = agg6);
def c6 = close(period = agg6);
def data6 = fold i6 = 0 to length
           with s6
           do s6 + (if c6 > GetValue(o6, i6)
                   then 1
                   else if c6 < GetValue(o6, i6)
                        then - 1
                        else 0);

def EMA56 = ExpAverage(data5, calcLength);
def Main6 = ExpAverage(EMA55, smoothLength);
def Signal6 = ExpAverage(Main5, smoothLength);


plot bullish = (Main < os) and (Main2 > Signal2) and (Main3 > Signal3) and (Main4 > Signal4) and ((Main and Main2 and Main3 and Main4) < os);
plot bearish = (Main4 < Signal2) and (Signal5 < ob) and (Main6 < Signal6);
def sellshort = (Main5 > Signal5);
def selllong = (Main3 < Signal3);
def SSS = if sellshort then 100 else if selllong then -100 else 0;
def SS = if bullish then 100 else if bearish then -100 else 0;

def sBuy = SS crosses above 0;
def sSell = SS crosses below 0;
def sbuysell = SSS crosses below 0;
def SSellbuy = SSS crosses above 0;

AddOrder(OrderType.SELL_TO_OPEN, condition = sSell, price = open[-1], 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN);

AddOrder(OrderType.BUY_TO_CLOSE, condition = SSellbuy, price = open[-1], 1, tickcolor = Color.RED, arrowcolor = Color.RED);
The thing I'm working on right now for the Bull side is getting out quicker from trades when prices tank. I might relate volatility into this somehow.
 

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

SIGN UP NOW LEARN MORE
YungTraderFromMontana said:
@RickAns @HighBredCloud @Playstation @ezrollin @markos
Here is the latest and completely reshaped version intended for uptrending equities, I have yet to find a different strategy that can beat it without taking thousands of trades. If you guys want a ranged version for commodities or a downtrend version feel free to ask.
I was able to heavily cut the frequency of trades while also increasing p/l, for example on SPY where it made 355 dollars going up and 215 going down on 150 orders in the last 26 years. It would certainly would be even crazier on more volatile stocks.
This is meant for long term trading but I think I'll start working on a short term intraday version, It shouldn't be to hard to modify it. If I were doing an intraday version how many times a day would be ideal for you guys? 10 trades a day on average?

Here is the code
The left has the bull strategy the right has the bear strategy. They aren't opposites so I can't combine them. One last thing to note is that the bull strategy is more developed and better in more scenarios while the bear strategy shines in 2008 crash like environments.

Bull
Code: 
#TMO True Momentum Oscillator with Higher Aggregation _Mobius
#Tuesday, May 15, 2018 12:36 PM

## OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius
## Archive Section: Momentum
## Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius
## Archive Date: 5.15.2018
## Archive Notes:
## 08:43 Mobius: Well give it a few days to get altered, muched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it.
## 08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 time higher.

## "##" indicates an addition or adjustment by the OneNote Archivist
## Original Code Follows

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation

# Mobius
# V01.05.2018
#hint: TMO calculates momentum using the delta of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.
input length = 14;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.DAY;
input agg2 = AggregationPeriod.Two_DAYS;
input agg3 = AggregationPeriod.THREE_DAYS;
input agg4 =  AggregationPeriod.four_DAYS;
input agg5 =  AggregationPeriod.weeK;

def zeroline = 0;
def o = open(period = agg);
def c = close(period = agg);
def data = fold i = 0 to length
           with s
           do s + (if c > getValue(o, i)
                   then 1
                   else if c < getValue(o, i)
                        then - 1
                        else 0);
def EMA5 = ExpAverage(data, calcLength);
def Main = ExpAverage(EMA5, smoothLength);
def Signal = ExpAverage(Main, smoothLength);

def zero = if isNaN(c) then double.nan else 0;
def ob = if isNaN(c) then double.nan else round(length * .5);

def os = if isNaN(c) then double.nan else -round(length * .05);


def o2 = open(period = agg2);
def c2 = close(period = agg2);
def data2 = fold i2 = 0 to length
           with s2
           do s2 + (if c2 > getValue(o2, i2)
                   then 1
                   else if c2 < getValue(o2, i2)
                        then - 1
                        else 0);

def EMA52 = ExpAverage(data2, calcLength);
def Main2 = ExpAverage(EMA52, smoothLength);
def Signal2 = ExpAverage(Main2, smoothLength);

def o3 = open(period = agg3);
def c3 = close(period = agg3);
def data3 = fold i3 = 0 to length
           with s3
           do s3 + (if c3 > getValue(o3, i3)
                   then 1
                   else if c3 < getValue(o3, i3)
                        then - 1
                        else 0);

def EMA53 = ExpAverage(data3, calcLength);
def Main3 = ExpAverage(EMA53, smoothLength);
def Signal3 = ExpAverage(Main3, smoothLength);

def o4 = open(period = agg4);
def c4 = close(period = agg4);
def data4 = fold i4 = 0 to length
           with s4
           do s4 + (if c4 > getValue(o4, i4)
                   then 1
                   else if c4 < getValue(o4, i4)
                        then - 1
                        else 0);

def EMA54 = ExpAverage(data4, calcLength);
def Main4 = ExpAverage(EMA54, smoothLength);
def Signal4 = ExpAverage(Main4, smoothLength);

def o5 = open(period = agg5);
def c5 = close(period = agg5);
def data5 = fold i5 = 0 to length
           with s5
           do s5 + (if c5 > getValue(o5, i5)
                   then 1
                   else if c5 < getValue(o5, i5)
                        then - 1
                        else 0);

def EMA55 = ExpAverage(data5, calcLength);
def Main5 = ExpAverage(EMA55, smoothLength);
def Signal5 = ExpAverage(Main5, smoothLength);


plot bullish = (Main > Signal) and (Main2 > Signal2) and (Main3 > Signal3) and (Main4 > Signal4) and (Main5 < Ob);
plot bearish = (Main < Signal) and (Main2 < Signal2) and (Main3 < Signal3);
def sellshort = (Main4 > Signal4);
def selllong = (Main5 < Signal5) and (Signal5 < ob);
def SSS = if sellshort then 100 else if selllong then -100 else 0;
def SS = if bullish then 100 else if bearish then -100 else 0;

def sBuy = SS crosses above 0;
def sSell = SS crosses below 0;
def sbuysell = SSS crosses below 0;
def SSellbuy = SSS crosses above 0;

AddOrder(OrderType.Buy_TO_OPEN, condition = Sbuy
, price =  open[-1], 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "BE");

AddOrder(OrderType.Sell_to_Close, condition = sbuysell
, price = open[-1], 1, tickcolor = Color.RED, arrowcolor = Color.RED, name = "SE");
BEAR
Code: 
#TMO True Momentum Oscillator with Higher Aggregation _Mobius
#Tuesday, May 15, 2018 12:36 PM

## OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius
## Archive Section: Momentum
## Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius
## Archive Date: 5.15.2018
## Archive Notes:
## 08:43 Mobius: Well give it a few days to get altered, muched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it.
## 08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 time higher.

## "##" indicates an addition or adjustment by the OneNote Archivist
## Original Code Follows

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation

# Mobius
# V01.05.2018
#hint: TMO calculates momentum using the delta of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.
input length = 14;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.DAY;
input agg2 = AggregationPeriod.TWO_DAYS;
input agg3 = AggregationPeriod.THREE_DAYS;
input agg4 =  AggregationPeriod.FOUR_DAYS;
input  agg5 = AggregationPeriod.WEEK;
input agg6 = AggregationPeriod.Month;

input length2 = 14;
input price = close;
input averageType = AverageType.WILDERS;

input length3 = 10;
input overBought = -20;
input overSold = -80;

def hh = Highest(high, length);
def ll = Lowest(low, length);
def result = if hh == ll then -100 else (hh - close) / (hh - ll) * (-100);

def WR = if result > 0 then 0 else result;

def NetChgAvg = MovingAverage(averageType, price - price[1], length2);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length2);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

def o = open(period = agg);
def c = close(period = agg);
def data = fold i = 0 to length
           with s
           do s + (if c > GetValue(o, i)
                   then 1
                   else if c < GetValue(o, i)
                        then - 1
                        else 0);
def EMA5 = ExpAverage(data, calcLength);
def Main = ExpAverage(EMA5, smoothLength);
def Signal = ExpAverage(Main, smoothLength);

def zero = if IsNaN(c) then Double.NaN else 0;
def ob = if IsNaN(c) then Double.NaN else Round(length * .5);

def os = if IsNaN(c) then Double.NaN else -Round(length * .5);


def o2 = open(period = agg2);
def c2 = close(period = agg2);
def data2 = fold i2 = 0 to length
           with s2
           do s2 + (if c2 > GetValue(o2, i2)
                   then 1
                   else if c2 < GetValue(o2, i2)
                        then - 1
                        else 0);

def EMA52 = ExpAverage(data2, calcLength);
def Main2 = ExpAverage(EMA52, smoothLength);
def Signal2 = ExpAverage(Main2, smoothLength);

def o3 = open(period = agg3);
def c3 = close(period = agg3);
def data3 = fold i3 = 0 to length
           with s3
           do s3 + (if c3 > GetValue(o3, i3)
                   then 1
                   else if c3 < GetValue(o3, i3)
                        then - 1
                        else 0);

def EMA53 = ExpAverage(data3, calcLength);
def Main3 = ExpAverage(EMA53, smoothLength);
def Signal3 = ExpAverage(Main3, smoothLength);

def o4 = open(period = agg4);
def c4 = close(period = agg4);
def data4 = fold i4 = 0 to length
           with s4
           do s4 + (if c4 > GetValue(o4, i4)
                   then 1
                   else if c4 < GetValue(o4, i4)
                        then - 1
                        else 0);

def EMA54 = ExpAverage(data4, calcLength);
def Main4 = ExpAverage(EMA54, smoothLength);
def Signal4 = ExpAverage(Main4, smoothLength);

def o5 = open(period = agg5);
def c5 = close(period = agg5);
def data5 = fold i5 = 0 to length
           with s5
           do s5 + (if c5 > GetValue(o5, i5)
                   then 1
                   else if c5 < GetValue(o5, i5)
                        then - 1
                        else 0);

def EMA55 = ExpAverage(data5, calcLength);
def Main5 = ExpAverage(EMA55, smoothLength);
def Signal5 = ExpAverage(Main5, smoothLength);

def o6 = open(period = agg6);
def c6 = close(period = agg6);
def data6 = fold i6 = 0 to length
           with s6
           do s6 + (if c6 > GetValue(o6, i6)
                   then 1
                   else if c6 < GetValue(o6, i6)
                        then - 1
                        else 0);

def EMA56 = ExpAverage(data5, calcLength);
def Main6 = ExpAverage(EMA55, smoothLength);
def Signal6 = ExpAverage(Main5, smoothLength);


plot bullish = (Main < os) and (Main2 > Signal2) and (Main3 > Signal3) and (Main4 > Signal4) and ((Main and Main2 and Main3 and Main4) < os);
plot bearish = (Main4 < Signal2) and (Signal5 < ob) and (Main6 < Signal6);
def sellshort = (Main5 > Signal5);
def selllong = (Main3 < Signal3);
def SSS = if sellshort then 100 else if selllong then -100 else 0;
def SS = if bullish then 100 else if bearish then -100 else 0;

def sBuy = SS crosses above 0;
def sSell = SS crosses below 0;
def sbuysell = SSS crosses below 0;
def SSellbuy = SSS crosses above 0;

AddOrder(OrderType.SELL_TO_OPEN, condition = sSell, price = open[-1], 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN);

AddOrder(OrderType.BUY_TO_CLOSE, condition = SSellbuy, price = open[-1], 1, tickcolor = Color.RED, arrowcolor = Color.RED);
The thing I'm working on right now for the Bull side is getting out quicker from trades when prices tank. I might relate volatility into this somehow.
Click to expand...
@YungTraderFromMontana
Looks to be interesting. What are you considering as long term? For the bullish side on a shorter time frame, being 2 - 8 weeks for me, You may want to test it with Supertrend. I don't personaly use it, just a thought.
Also, what about trendless times? Possibly one of the many variations of ADX? I don't often use it, but, that study has been around for a long time.

On the Bearish side, I use a 20 hull on a weekly chart. Something for you to experiment with.
 
Playstation said:
@YungTraderFromMontana
A test on BAC. 1Y 1D

8maxg0n.png
Click to expand...
Out of all the tickers I detected I rember looking at BAC and it was the worst performer. Look at any other ticker or look further back in time. Also I still think it made a profit because the trade on 9/9 is still active and will surpass those losses when it does. In the long run on any high market cap stock it will be massively in the green.
 
markos said:
@YungTraderFromMontana
Looks to be interesting. What are you considering as long term? For the bullish side on a shorter time frame, being 2 - 8 weeks for me, You may want to test it with Supertrend. I don't personaly use it, just a thought.
Also, what about trendless times? Possibly one of the many variations of ADX? I don't often use it, but, that study has been around for a long time.

On the Bearish side, I use a 20 hull on a weekly chart. Something for you to experiment with.
Click to expand...
My constant issue with trending studies is that you will often miss large moves right before it switches to trending. It would also massively increase the amount of trades. I'll look into the 20 hull.
 
Rd2538 said:
Happy Labor Day! Would this code and wicks also work for uptrend stocks in daytrading?
Click to expand...
It does sound like, from reading through the thread, that is the best version for day-trading.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
L Long Bar Highlighter For ThinkOrSwim Custom 3
F GP - Long Short Scanner For ThinkOrSwim Custom 3
F Bar Color Long / Short For ThinkOrSwim Custom 5
xoxoJNN Short-Term Continuation And Reversal Signals For ThinkOrSwim Custom 1
halcyonguy Find the Fibonacci Sequence nth term In ThinkOrSwim Custom 1

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
157 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
Try VIP Club Today

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