Mimicking "Power X Strategy" by Markus Heitkoetter

[ApeX Predator]

Please see the attached links below. Scan code shows that I'm scanning for tickers that have "Uptrend = True" condition on Daily and Scan results shows some of the tickers, ex: ABBV, FISV, MNST, EEM, VLO that aren't on Uptrend showing up. Both the scan and my charts are on Daily

3 out of the 5 you posted has started the uptrend. my query has no other conditions than Power-X, the way I filter stock is by pointing to S&P 500, as a matter of fact I don't even specify "is true" , I leave my query to "FVO_RSM_Scan().UpTrendJustStarted"

One suggestion I have for all here, Please leave the names of the scripts as decided by author, it kind of get's confusing and convoluted to refer to different names. One of the biggest failure of most of the open source softwares out there.

 

[ApeX Predator]

@dhman06 I setup my query similar to yours and I am not seeing EEM & VLO in my scan. Are you sure you have the correct and latest version of the code?

Make sure you grab the version of studies from the following post.

https://usethinkscript.com/threads/...by-markus-heitkoetter.4283/page-10#post-43868

-Surya

 

[cos251]

Good catch. I will adjust the code to accommodate for this bug. Thx for finding it @HikingMan

@HikingMan - this has been fixed and updated in the original post

https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-42978

 

[cos251]

@cos251 The results are for whatever time frame your chart is on at the time.

Copy that, but are the results for everything plotted on the chart (all data) or just the current day (and TF)? for the trade statistics?

 

[andre.muhammad]

Copy that, but are the results for everything plotted on the chart (all data) or just the current day (and TF)? for the trade statistics?

They appear to chart the occurrences based on the time frame that you are currently using.

 

[ApeX Predator]

So, Caught COST with Power-X on 15m today and traded it up from 377 to 381, It was already in uptrend on Daily though. @cos251

 

[cos251]

So, Caught COST with Power-X on 15m today and traded it up from 377 to 381, It was already in uptrend on Daily though. @cos251

That is a solid catch. Nice work.

 

[ApeX Predator]

@cos251 no coding required, but here is another setup I am looking at, side-by-side to Power-X, thought you may be interested.

https://usethinkscript.com/threads/leavitt-slope-and-leavitt-acceleration-indicators.4989/post-47039

 

[venkat]

So, Caught COST with Power-X on 15m today and traded it up from 377 to 381, It was already in uptrend on Daily though. @cos251

@SuryaKiranC I apologize if you are already explained. How did you catch COST - I mean ; used a scan and took entry based on any signal? Can you please give series of steps you followed before taking the trade and things considered which trigged you to close the trade....
appreciate your time and help...

based on the comment#324 are you using this grid https://tos.mx/UQ8j12s

 

[ApeX Predator]

@venkat the Grid is for chart, and I do have a scanner, I keep changing timeframe on scanner and scan them. Knowing whole market is down, was looking for a reversal. Got COST on a 15m scanner and when loaded up on a chart 1y 1D, it's already in progress and UpTrending, so was an easy decision to make the trade. Sure did load up the 15m chart before entering the trade, MTF version of the script showed upTrending in multiple timeframes between 15m and 1D, then there is no time to waste.

Hope this helps.

-S

 

[dhman06]

Thanks @SuryaKiranC. I think I figured out what is happening here. Uptrend catches everything that are currently in the uptrend and for which uptrend is just beginning. So the cloud doesn't show up, but it's getting ready to show up. What other indicators do you use other than the Power-X to take a Long or Short position?

 

[ApeX Predator]

@dhman06 Playing with one another as we speak. I did post a link to my setup in that thread, it a downloadable TOS Grid.

https://usethinkscript.com/threads/leavitt-slope-and-leavitt-acceleration-indicators.4989/post-47039

 

[dhman06]

@dhman06 Playing with one another as we speak. I did post a link to my setup in that thread, it a downloadable TOS Grid.

https://usethinkscript.com/threads/leavitt-slope-and-leavitt-acceleration-indicators.4989/post-47039

Wow! This is great. Thanks!

 

[cos251]

@cos251 no coding required, but here is another setup I am looking at, side-by-side to Power-X, thought you may be interested.

https://usethinkscript.com/threads/leavitt-slope-and-leavitt-acceleration-indicators.4989/post-47039

I saw this thread the other day. I started poking around with the Leavitt Slope to see if I could in corporate it into my overall trading signal. Nice work. I checked out the grid and found the DV Clearing Range to be very useful as well. I like the setup so far.

@SuryaKiranC @cos251 I believe this is what @andre.muhammad was referring to:

Thx @BenTen
Is this freely available code or restricted to BTD? I figured I would try to put something together but also not recreate the wheel if I don't have too. Thx.

 

[BenTen]

@cos251 The add-on is only available to VIP members.

 

[cos251]

@cos251, in your screenshot of #313, how did you get the sole coincident yellow arrow (FS5x3) to align with the red/green (FS17x5) arrows in the lower study. I notice that the other yellow FS5x3 arrows which are not coincident with the red/green FS17x5 magically do not plot. Thanks for your help.

Hey @Kayben - so sorry for the delayed reply. In that script (which we cannot code for) - I simply set a rule to check for those arrows being true all at the same time a plotted a yellow arrow - just serves as another visual queue.

 

[ApeX Predator]

Hey @Kayben - so sorry for the delayed reply. In that script (which we cannot code for) - I simply set a rule to check for those arrows being true all at the same time a plotted a yellow arrow - just serves as another visual queue.

LOL, the "you know who" script.

 

[HikingMan]

I've been trading this indicator for 2 days using a 15 minute chart. I'm experimenting with high volume stocks at various price ranges. Although I'm early in the process I've had 60% success if I take profit at the 1R target. Anyone else trying this yet?

 

[venkat]

I've been trading this indicator for 2 days using a 15 minute chart. I'm experimenting with high volume stocks at various price ranges. Although I'm early in the process I've had 60% success if I take profit at the 1R target. Anyone else trying this yet?

Which indicator? @HikingMan

Thanks @SuryaKiranC for the detailed explanation; do you mind point me to the scanner details (comment # if already explained)

 

[ApeX Predator]

@venkat check the following posts in that order.

• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-43868 (5th script here is the scanner)
• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-44100 (Scanner Strings)
• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-46140 (Details about how to setup)
• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-47129 (Bit more details on how to combine both bull Quires and both bear Quires in to single scan)
• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-46554 (not Scanner related, but a replacement script for the 4th script from the 1st bullet here. (Supports all time frames you need, without additional code)
• https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/post-46770 (look at the screenshot how to setup the replacement MTF)

P.S: Please look at the screenshots, where applicable.

Hope this helps.

-S