Moving Average Master Strategy for ThinkOrSwim

[dap711]

I agree. The 1st script in the 1st post is riddled with syntax errors.
The OP is no longer active on this forum, so he isn't available to provide a working version.
Maybe one of the other members of this thread will see your plight and offer a shared link to a working script.

Hi all!

Yes, I wasn't active, as I'm having health issues. I have completely rewritten the code and have been using it to actively trade. I'm always open to any suggestions anyone would have.

Dwain

Updated code and shared link in post one.

 

[MerryDay]

Hi all!

Yes, I wasn't active, as I'm having health issues. I have completely rewritten the code and have been using it to actively trade. I'm always open to any suggestions anyone would have.

Dwain

Updated code and shared link in post one.

@dap711
Hope you are feeling better. Thanks for the update!

MEMBERS! This is a STRATEGY.
It needs to be cut & pasted into the STRATEGY tab (to the right of the study tab)
If you are having problems, here is a chart with the strategy already applied:
shared chart link: http://tos.mx/Yr8c5qV

 

[dap711]

Hi all!

Yes, I wasn't active, as I'm having health issues. I have completely rewritten the code and have been using it to actively trade. I'm always open to any suggestions anyone would have.

Dwain

Updated code and shared link in post one.

@dap711
Hope you are feeling better. Thanks for the update!

MEMBERS! This is a STRATEGY.
It needs to be cut & pasted into the STRATEGY tab (to the right of the study tab)
If you are having problems, here is a chart with the strategy already applied:
shared chart link: http://tos.mx/Yr8c5qV

I like my screenshot better .. LOL

 

[MerryDay]

I like my screenshot better .. LOL

So so sorry... I was in the middle of another analysis when I pulled up your script.

Yes, your chart is more better!
Pros: Moving averages work awesome on trending stocks in trending markets.
Cons: as seen when you compare @dap711 charts to mine. All other stocks will whipsaw and/ or post losses.

 

[dap711]

So so sorry... I was in the middle of another analysis when I pulled up your script.

Yes, your chart is more better!
Pros: Moving averages work awesome on trending stocks in trending markets.
Cons: as seen when you compare @dap711 charts to mine. All other stocks will whipsaw and/ or post losses.

Totally agree with you .. This strategy is best used with the more active stocks.
Right now TSLA and NVDA are the best trending stocks. My screenshot was TSLA, I'll attach one for NVDA.

Here is a link that will help you pick a stock to trade .. Trending Stocks

 

[csricksdds]

I converted the Moving Average Stategy into a study for use in the AGAIG chart setups:

# Author - Dwain Pattillo 2022

#1. Set the Trend MA type, price, and length. We only take buys if price is above the trend line and sells below it.
#2. Adjust the MA length to achieve the best profit from the floating P/L.
#3. Adjust the MA displacement for the highest profit.
#4. Repeat steps 2 and 3 until you are satisfied with the results. Now you see where this is going! LOL
#5. Share you insights for the best time frames and settings to help everyone make some money!


input BackTestTradeSize = 1;
input ShowBackTestPositions = yes;
input TrendAvgType = AverageType.EXPONENTIAL;
input TrendPrice = CLOSE;
input TrendLength = 200;
input UseVolumeAsFilter = yes;
input VolumeLength = 200;
input MAType = AverageType.HULL;
input MAPrice = Open;
input MALength = 2.1;
input MADisplace = 1;
input AlertOnSignal = no;
input ShowAutoKeyLabels = yes; #(I use Macro Recorder to auto trade. Ask me about the setup at [email protected])

#Average the volume and only open trades when volume is higher than the average.
def VolStrength = lg(volume[1]) - lg(SimpleMovingAvg(volume[1], VolumeLength));

#MA Magic goes here
def Diff = MovingAverage(MAType, MAPrice, MALength*100) -  MovingAverage(MAType, MAPrice, MALength*100)[MADisplace];

#Trendline
plot MA = MovingAverage(TrendAvgType, TrendPrice, TrendLength);
MA.DefineColor("Up", GetColor(1));
MA.DefineColor("Down", GetColor(0));
MA.AssignValueColor(if MA > MA[1] then MA.color("Up") else MA.color("Down"));

#Add the signal labels (use with Macro Recorder or not)
def OpenOrders = GetQuantity();
AddLabel(ShowAutoKeyLabels and diff[1] > diff[2] and low > MA and OpenOrders < 1 and (if UseVolumeAsFilter then VolStrength>0 else yes),  "     BUY      ", CreateColor(153, 255, 153));
AddLabel(ShowAutoKeyLabels and ( diff[1] < diff[2] or close < MA ) and OpenOrders > 0, "     CLOSE     ", CreateColor(102, 0, 0));
AddLabel(ShowAutoKeyLabels and diff[1] < diff[2] and high < MA and OpenOrders > -1 and (if UseVolumeAsFilter then VolStrength>0 else yes), "     SELL     ", CreateColor(255, 102, 102));
AddLabel(ShowAutoKeyLabels and ( diff[1] > diff[2] or close > MA ) and OpenOrders < 0 , "     CLOSE     ", CreateColor(102, 0, 0));

#Sound the bell. (If alerts are turn on)
Alert(diff[1] > diff[2] and low > MA and OpenOrders < 1 and AlertOnSignal, "Buy Open Signal", Alert.Bar, Sound.Ding);
Alert( ( diff[1] < diff[2] or close < MA ) and OpenOrders > 0 and AlertOnSignal, "Buy Close Signal", Alert.Bar, Sound.Bell);
Alert(diff[1] < diff[2] and high < MA and OpenOrders > -1 and AlertOnSignal, "Sell Open Signal", Alert.Bar, Sound.Ding);
Alert( ( diff[1] > diff[2] or close > MA ) and OpenOrders < 0 and AlertOnSignal, "Sell Close Signal", Alert.Bar, Sound.Bell);

AddLabel(UseVolumeAsFilter, if VolStrength > 0 then "   Trading allowed. Volume Strength: " + (VolStrength) + "  "  else "   Trading isn't allowed - Volume Strength: " + (VolStrength) + "  " , if (VolStrength < 0) then Color.RED else Color.Red);