Mobius Volume Waves, Trend Pivots and RSI Laguerre For ThinkOrSwim

MerryDay

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Mobius Volume Waves, Trend Pivots and RSI Laguerre​

This strategy is based on Mobius's TOS chat found on JohnnyQuotron's OneNote
Screenshot (107).png

Mobius states that the three indicators should be positive, on three timeframes. With each timeframe agreeing sequentially, one SOON AFTER another.
Which timeframes you ask?
Here is a summary of how to determine what timeframes to use:
https://www.babypips.com/learn/forex/time-frame-combinations

Shared Chart Link: http://tos.mx/VT8dkRc Click here for --> Easiest way to load shared links
Find out more about these indicators:

Mobius Trend Pivots: https://usethinkscript.com/threads/trend-pivot-indicator-by-mobius.1631/
Mobius Volume Waves: https://usethinkscript.com/threads/mobius-volume-waves-for-thinkorswim.8038/#post-76591
RSI Laguerre: https://usethinkscript.com/threads/rsi-laguerre-with-fractal-energy-for-thinkorswim.116/

Below is an example of the three indicators agreeing on the 15min timeframe.
  • Price is bouncing up off of support
  • Positive volume wave
  • RSI is crossing above oversold
What happens next?
  • We want to now wait until all three are in agreement on the 1hr timeframe
  • Once that happens, we wait until we have agreement on the 4hr timeframe. At which time, Mobius states you have an established trend.
Even that ain't perfect. Large market forces suddenly interfering will always be something that can't be predicted.
Screenshot (132).png

a1.png
 
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@tem2005 from what I can tell from the linked post, it seems like it is looking one bar ahead. So, I would expect repainting the previous bar as the current bar is forming.
 
Last edited by a moderator:
I've been using this as a scalping strategy on /YM the past couple weeks on a 1-min chart. I know that isn't it's 100% intended purpose, but it works so well. I've never been more consistent with my trades. Just 1 mini contract at a time, entering if the previous bar closes within the shaded region AND when price breaches the STO/BTO levels, taking profits at the STO_RO and BTO_RO levels has been doing wonders for me. The second part of the strategy (letting another contract ride) is a little too fast-paced for me to set up the risk management appropriately on a 1-min chart so I'll be looking at higher timeframes for that. Just shooting from the hip, but I'd say I'm hitting about 75-80% of all the trades.
 

Mobius Volume Waves, Trend Pivots and RSI Laguerre​

This strategy is based on Mobius's TOS chat found on JohnnyQuotron's OneNote
View attachment 953
Mobius states that the three indicators should be positive, on three timeframes. With each timeframe agreeing sequentially, one SOON AFTER another.
Which timeframes you ask?
Here is a summary of how to determine what timeframes to use:
https://www.babypips.com/learn/forex/time-frame-combinations

Shared Chart Link: http://tos.mx/VT8dkRc
Find out more about these indicators:
Mobius Trend Pivots: https://usethinkscript.com/threads/trend-pivot-indicator-by-mobius.1631/
Mobius Volume Waves: https://usethinkscript.com/threads/mobius-volume-waves-for-thinkorswim.8038/#post-76591
RSI Laguerre: https://usethinkscript.com/threads/rsi-laguerre-with-fractal-energy-for-thinkorswim.116/

Below is an example of the three indicators agreeing on the 15min timeframe.
  • Price is bouncing up off of support
  • Positive volume wave
  • RSI is crossing above oversold
What happens next?
  • We want to now wait until all three are in agreement on the 1hr timeframe
  • Once that happens, we wait until we have agreement on the 4hr timeframe. At which time, Mobius states you have an established trend.

View attachment 987
View attachment 962
xJNxVT0.png


The concept for a scanner: To provide a pool of potential equities that can be watched to qualify for this strategy.
Keeping with the idea of scanning for just one of the indicators per timeframe.
It looks for support on the 4hr and positive trend/momentum on the 1hr.

The 3rd filter is optional. Personally, I always limit my trades to strongly uptrending long-term instruments.

There are many other combinations. This provides a framework for creating scans that fit your trading style.
cbEuo20.png

The studies used in this scanner:
Trend Pivots shared link: http://tos.mx/w7tYt4o
RSI Laguerre shared link: http://tos.mx/oMLCWWb
Long-Term Trend shared link: http://tos.mx/hRmpOVl
I'm having a hard time getting this scan... Is it possible to send the scanner with all 3 studies?
 
@Lopez88 No is not possible to create a shared scanner link when using custom studies as it is a multistep process.
You need to upload each of the custom studies. Then you need to reference each of those studies by whatever you named them when you create each condition in the scanner.
 
I've been using this as a scalping strategy on /YM the past couple weeks on a 1-min chart. I know that isn't it's 100% intended purpose, but it works so well. I've never been more consistent with my trades. Just 1 mini contract at a time, entering if the previous bar closes within the shaded region AND when price breaches the STO/BTO levels, taking profits at the STO_RO and BTO_RO levels has been doing wonders for me. The second part of the strategy (letting another contract ride) is a little too fast-paced for me to set up the risk management appropriately on a 1-min chart so I'll be looking at higher timeframes for that. Just shooting from the hip, but I'd say I'm hitting about 75-80% of all the trades.
Hi Bataylor. Please can you tell me what strategy or strategies you are referring to? Thank you
 
I've been using this as a scalping strategy on /YM the past couple weeks on a 1-min chart. I know that isn't it's 100% intended purpose, but it works so well. I've never been more consistent with my trades. Just 1 mini contract at a time, entering if the previous bar closes within the shaded region AND when price breaches the STO/BTO levels, taking profits at the STO_RO and BTO_RO levels has been doing wonders for me. The second part of the strategy (letting another contract ride) is a little too fast-paced for me to set up the risk management appropriately on a 1-min chart so I'll be looking at higher timeframes for that. Just shooting from the hip, but I'd say I'm hitting about 75-80% of all the trades.
Which indicators are working well for this strategy? THanks
 

Mobius Volume Waves, Trend Pivots and RSI Laguerre​

This strategy is based on Mobius's TOS chat found on JohnnyQuotron's OneNote
View attachment 953
Mobius states that the three indicators should be positive, on three timeframes. With each timeframe agreeing sequentially, one SOON AFTER another.
Which timeframes you ask?
Here is a summary of how to determine what timeframes to use:
https://www.babypips.com/learn/forex/time-frame-combinations

Shared Chart Link: http://tos.mx/VT8dkRc
Find out more about these indicators:
Mobius Trend Pivots: https://usethinkscript.com/threads/trend-pivot-indicator-by-mobius.1631/
Mobius Volume Waves: https://usethinkscript.com/threads/mobius-volume-waves-for-thinkorswim.8038/#post-76591
RSI Laguerre: https://usethinkscript.com/threads/rsi-laguerre-with-fractal-energy-for-thinkorswim.116/

Below is an example of the three indicators agreeing on the 15min timeframe.
  • Price is bouncing up off of support
  • Positive volume wave
  • RSI is crossing above oversold
What happens next?
  • We want to now wait until all three are in agreement on the 1hr timeframe
  • Once that happens, we wait until we have agreement on the 4hr timeframe. At which time, Mobius states you have an established trend.

View attachment 987
View attachment 962
Hi @MerryDay sorry for the newbie question. All three indicators are in agreement on the 15 min timeframe (pic below), but where you explain what happens next:
  • "We want to now wait until all three are in agreement on the 1hr timeframe"
  • "Once that happens, we wait until we have agreement on the 4hr timeframe. At which time, Mobius states you have an established trend."
What time frame should we be trading off of? I assumed it would be the smaller timeframe, the 15 minute timeframe, but if I wait for the 1hr and 4 hr timeframes to also be in agreement then wouldn't I miss trading off of the 15 minute time frame? If that makes sense?

Thank you.

 
Hi @MerryDay sorry for the newbie question. All three indicators are in agreement on the 15 min timeframe (pic below), but where you explain what happens next:
  • "We want to now wait until all three are in agreement on the 1hr timeframe"
  • "Once that happens, we wait until we have agreement on the 4hr timeframe. At which time, Mobius states you have an established trend."
What time frame should we be trading off of? I assumed it would be the smaller timeframe, the 15 minute timeframe, but if I wait for the 1hr and 4 hr timeframes to also be in agreement then wouldn't I miss trading off of the 15 minute time frame? If that makes sense?

Thank you.
This is how Mobius uses this strategy. It has excellent results for swing traders. Can be combined with the Buy The Dip or (whatever significant bottom-finding indicator of your choice).

I gather my favorite stocks that have had the best dips (OMG so many of them this week!) and I watch my 1hr chart (or whatever is your favorite middle time-frame)... It gives me a heads up that there is a good reversal setting up. Once the setup, is a go on my 4hr chart. I look to my shortest time-frame to come into line.
 
This is how Mobius uses this strategy. It has excellent results for swing traders. Can be combined with the Buy The Dip or (whatever significant bottom-finding indicator of your choice).

I gather my favorite stocks that have had the best dips (OMG so many of them this week!) and I watch my 1hr chart (or whatever is your favorite middle time-frame)... It gives me a heads up that there is a good reversal setting up. Once the setup, is a go on my 4hr chart. I look to my shortest time-frame to come into line.
Thank you very much @MerryDay :) Totally makes sense seeing the way you explain it. One last quick question, do you personally just use this setup for possible buy entries or can you also use for possible shorting entries? Also, I noticed when I downloaded your shared chart link, that on settings, under equities, that you don't have "show extended-hours trading" checked off even though it is the default setting. Does it matter if I leave unchecked like yours? The only thing would differ is the data from the extended session would not be factored into the chart? Is that a big deal or no?
 
Last edited by a moderator:
Thank you very much @MerryDay :) Totally makes sense seeing the way you explain it. One last quick question, do you personally just use this setup for possible buy entries or can you also use for possible shorting entries? Also, I noticed when I downloaded your shared chart link, that on settings, under equities, that you don't have "show extended-hours trading" checked off even though it is the default setting. Does it matter if I leave unchecked like yours? The only thing would differ is the data from the extended session would not be factored into the chart? Is that a big deal or no?
Members have found that most indicators work better with extended hours trading turned off, if they are not necessary for your strategy.
 
This is how Mobius uses this strategy. It has excellent results for swing traders. Can be combined with the Buy The Dip or (whatever significant bottom-finding indicator of your choice).

I gather my favorite stocks that have had the best dips (OMG so many of them this week!) and I watch my 1hr chart (or whatever is your favorite middle time-frame)... It gives me a heads up that there is a good reversal setting up. Once the setup, is a go on my 4hr chart. I look to my shortest time-frame to come into line.
Can this be used on daily or weekly time frames?
 

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