Moxie Indicator for ThinkorSwim

[tradegeek]

I don't know if anyone has come across this neat indicator called the "Moxie Indicator". It seems the creator of this indicator has it developed for Ninjatrader and Thinkorswim but he's not releasing the TOS version because he doesn't want the code shared. He has partnered up with John Carter from SimplerTrading to provide alerts based on this indicator.

You can check it out here...

It would be nice if something like this can be replicated. I am not a programmer so I wouldn't know where to start. Can it be reversed engineered from a NinjaTrader script?

Much success to all!

Edit #1: @diazlaz converted a TradingView script that mimicked the Moxie script: https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/post-36862

Edit #2: Check out @Slippage version of the Moxie Indicator here: https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/post-53789

Edit #3: @Slippage reviews of the paid Moxie indicator https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/post-53751

 

[VickyVJ]

Yes, he does often mention a strong preference for the two lines on 15m to be "in agreement" with each other. Another unknown I've been watching for is how far from zero should Moxie be for a trampoline setup to be valid or some other criteria for trampolines. You'll often see trampoline conditions as Moxie approaches the zero line to cross over and they fail quickly.

Hi Slippage, thank you for the code. I m still learning how to use the indicator n had watched some of the videos. Is it common to have the moxie indicator above zeros on the hourly (per your code) but below the zero on the 15min chart?
& also how do i use the 2nd plot on the 15m? does that serve as a confirmation for the 1st plot on the 15min?

 

[Slippage]

Is it common to have the moxie indicator above zeros on the hourly (per your code) but below the zero on the 15min chart?
& also how do i use the 2nd plot on the 15m? does that serve as a confirmation for the 1st plot on the 15min?

Yes, it's normal that Moxie is in different states on different timeframes.

For the 2 lines on 15m, he says when they are pretty close together, "in agreement with each other," you can trust whatever they are signaling and if they are wide apart it's probably a false signal.

You can learn both of these answers and other parts of his strategy from his YouTube videos in the Simpler Trading channel and in the Moxie Trader channel.

 

[Slippage]

I think the most challenging aspect of this indicator is the scan. Does TG talk about that at all or is it discussed in the chat?

Sorry, @Fenway1353, I didn't realize you're still not comfortable building a scan with the steps I posted. Here's the code for the individual pieces of the scan I created. This scan isn't looking for triggers and won't find trampolines. It's looking for stocks that are almost ready to trade with normal, non-trampoline, setups regardless of how long ago Moxie crossed over.

For each of these pieces, add a new study filter to the scan, set the timeframe as listed here and paste the code.

1. Set to 1H. This handles the 1 hour moving averages.
This code could be simplified but I originally was just requiring price touched near 50 with or without closing above and I wanted to keep this easy to modify in case I want to change it back.

# near and close above 50
# close above 200
def range = reference ATR / 3;

def sma50 = Average(close, 50);
def near50 = Between(sma50, low - range, high + range);

def sma200 = Average(close, 200);

plot scan = near50 and close > sma50 and close > sma200;

2. Set to D. This makes sure we closed above the daily SMA 50.

close > Average(close, 50)

3. Set to W. This checks whether Moxie is above 0 on the daily chart.

# weekly for daily moxie
input price = close;
def vc1 = ExpAverage(price, 12) - ExpAverage(price , 26);
def va1 = ExpAverage(vc1, 9);
def moxie = (vc1 - va1) * 3;

plot scan = moxie > 0;

4. Set to W. This handles the weekly moving averages.

# weekly MA
def ema8 = ExpAverage(close, 8);
def ema21 = ExpAverage(close, 21);
def sma30 = Average(close, 30);
def sma50 = Average(close, 50);

plot scan =
  close > sma50
  and close > sma30
  and close > ema21
  and close > ema8
  and ema8 > ema21
;

5. Set to M. This checks whether Moxie is above 0 on the weekly chart.

# monthly for weekly moxie
input price = close;
def vc1 = ExpAverage(price, 12) - ExpAverage(price , 26);
def va1 = ExpAverage(vc1, 9);
def moxie = (vc1 - va1) * 3;

plot scan = moxie > 0;

6. Set to M. This makes sure we're above 10 SMA on monthly chart.

# month 10 sma
Average(close, 10) < close

7. Set to D. This checks whether Moxie is above 0 on the hourly chart.

# daily for hourly moxie
input price = close;
def vc1 = ExpAverage(price, 12) - ExpAverage(price , 26);
def va1 = ExpAverage(vc1, 9);
def moxie = (vc1 - va1) * 3;

plot scan = moxie > 0;

As I noted earlier in this thread, my "Scan in" is set to a different scan where I have criteria for average volume, price, etc. You can add average volume and such to this scan if you don't want a separate scan. If you only trade end of day then you can probably just scan for volume instead of average volume.

 

[VickyVJ]

Yes, it's normal that Moxie is in different states on different timeframes.

For the 2 lines on 15m, he says when they are pretty close together, "in agreement with each other," you can trust whatever they are signaling and if they are wide apart it's probably a false signal.

You can learn both of these answers and other parts of his strategy from his YouTube videos in the Simpler Trading channel and in the Moxie Trader channel.

Thank you Slippage. Appreciate.

 

[trader1618]

I have the mastery subscription and the indicator and some older strategy videos. Frankly, his strategy is SUPER simple. I've only been in his mastery program for a little over two weeks and I've lost money. I'm starting to get a little mad. But I think it's because he ONLY takes long entries and he is used to things exploding upward. The last two weeks have been rough as you all know. So most of his group is sitting flat right now. I think he needs to figure out what other sectors might start working in the near future. I'm not sure that the subscription is worth it, but I've only been with them for a short time. The old timers claim to have seen gains on 900% esp when they pair his callouts with options. I will report back once things in the market stabilize a little. I don't think he is effective in the market that's selling off. But it has nothing to do with the indicator. He is just unwilling to short.

I don't think I answered your question: you do get access to a chat room that is extremely active. There are a number of old timers who provide very valuable feedback. But sometimes you have to look for them between all the new people asking how to use computers. You are able to mute certain people I just haven't gotten there yet. I think if you are willing to overlook the sales driven culture at Simpler, the room could be a good resource. They do try to sell you shit nonstop lol

Yeah I'd be interested in your feedback as well. I have been listening to him recently but I am more in Options Room and he always sounds like he is there to promote "trampoline move" SMH. I cant say much as he has made much more than I have on those trampoline move but.. just saying. I think it more whose trading style fits your personality.

 

[Slippage]

I guess I'll post some first day impressions of the training and mastery subscription before I forget what the first day was like.

1. The member dashboard makes whatever you've paid for easy to find. Indicators, classes, mastery all are easy to navigate.
2. The chatroom tech is not the worst web-based chatroom I've seen but Discord and Slack are much better.
3. TG Watkins is very responsive throughout the day directly answering questions targeted to him.
4. Paying for the class gave me access to two things. Moxie Stock Method and Moxie Stock Method e-Learning Module. At first glance it appears they may have the same content in different structure or may be redundant if not the exact same videos. I'm not sure yet. I started with Moxie Stock Method.
5. The first training video is beginner level how to set up charts for the strategy.
6. The next video was a Q&A session that seems out of order. Like it skipped all of the training. That video was very, very similar to what's on YouTube for free but with small nuggets of information I didn't pick up before. Probably all the same info is in the YouTube videos but presented more concisely in this video.
7. It seems there are some knowledgeable traders in the chatroom but a lot of newbies as well and it's going to take a little time to recognize names that say useful things and ones who are a waste of time. Everyone in the chatroom seems friendly and helpful. A couple of new people mentioned their displeasure with having mostly or all losses in the short time since they joined. From one guy it was as a complaint but the others were keeping an open mind and asking about the experiences of longer term members. It's no surprise to me since the market is pretty erratic the last several days.
8. I got around 10 to 12 alerts throughout the day, as push notifications on my mobile device and in the alerts panel in the chatroom I had open in a browser on my PC. A few alerts were for stop outs or early exits. A few were market commentary. None were for new trades given the behavior of the market leading into his last hour trading style.

That's as far as I've gotten so far. Overall, my first impression is pretty good. If I was John Carter I'd probably fire everybody who isn't one of the faces of Simpler Trading. Here's why.

1. Fire the marketing department. As much as Simpler Trading seems to be more marketing than substance, there's actually more included in what I paid for than is indicated in their intricate spiderweb of pages (with older cheaper pricing) that redirect to new pages (with newer more expensive pricing) and seemingly lots of redundant pages selling this stuff.

For instance, nowhere on this Mastery page https://www.simplertrading.com/moxie/ does it say there's a "trading room" (chatroom) where TG Watkins will answer your questions all day and you can interact with other members nearly 24 hours a day. In Mastery, aside from the once a month live trading sessions, it appears I have access to recordings of all the previous live trading sessions going back to August 2019. Mastery also has a "Learning Center" with 20 topic-specific videos such as "Profit Exits, The Moxie Way" which is 38 minutes. None of these things are mentioned in the marketing. By the way, my early impression is you can probably learn everything from Mastery and skip the training course unless you want the real Moxie indicator.

The Moxie Stock Method class (not Mastery, the class), seems to be in line with the marketing. I haven't noticed extras there. There looks to be about 7.5 hours of training videos and 9 hours of recorded live trading sessions. There's also PowerPoint slides and PDF copies of those PowerPoint slides. I didn't total up the videos or really look at anything in the e-Learning section.

2. Fire their third party chatroom service. Their chat room seems to be an external service. A while ago an admin posted a message that they're clearing the room in 5 minutes. I presume that's a nightly thing. WTF? Even if you decided it was okay to purge messages to reduce the data and improve performance why would you nuke things people posted minutes earlier? And why is that a manual process? It could automatically purge messages over x days old or only keep the last x messages. They should get Discord or Slack.

3. Fire their customer support. They still have not answered my email from Saturday asking exactly what is included in Mastery.

4. Fire their ThinkScript programmers. I've already posted about how much their Moxie indicator code sucks compared to what we have in this thread. The real Moxie has a variation of the code for 15m specifically for day trading that I only know about because of the class so I won't post it here. I'm thinking about implementing that variation in my copy of our Moxie and then offering it to Watkins either for free or maybe try to get some free months of Mastery for it. Our solution being just 2 ThinkScript studies compared to his 10 is much easier for newbies to install and much less tedious for everyone. His requires matching up the right indicator with the chart timeframe which means it's also useless if you want to switch to a different timeframe momentarily to look at something.

 

[Slippage]

I think the most challenging aspect of this indicator is the scan. Does TG talk about that at all or is it discussed in the chat?

I just watched the class video where he discusses the scans and I can tell you that unless he has learned since the time when that was recorded he barely knows how to work the scanner. I wouldn't count on getting any useful information from him about scans beyond the 8 scans (same scans repeated on several timeframes) he provides in the class for Moxie crossovers and for trampolines.

Edit to add: I just watched the first live trading video in the class. He used the same scan he gives you, which has just Moxie, volume and price. No moving averages.

 

[bmcgraw393]

@tradegeek IMO, I would just move on. Never buy an indicator. Find a system that works for you and keep working it. There are many hundred of them on this website to research. Start in the Tutorials as well as Look at the built in Strategies.

# Moxie_PriceChannel_Adjustable
# Built on 5/11/20
# For use on a All Time Frames

input channelLength = 34;
input averageType = AverageType.EXPONENTIAL;
input PriceChannel_Aggregation = AggregationPeriod.FIFTEEN_MIN;
input Moxie_highestAggregation = AggregationPeriod.TEN_MIN;
input Moxie_lowestAggregation = AggregationPeriod.FIVE_MIN;

def MovAvg_H = MovingAverage(averageType, high, channelLength);
def MovAvg_C = MovingAverage(averageType, close, channelLength);
def MovAvg_L = MovingAverage(averageType, low, channelLength);

def MovAvg_H1x = (MovAvg_H - MovAvg_L) + MovAvg_H;
def MovAvg_L1x = MovAvg_L - (MovAvg_H - MovAvg_L);

# HTF_Ergodic Momentum ----------------------------------------------
def diff = close(period=PriceChannel_Aggregation) - close(period=PriceChannel_Aggregation)[1];
def TSI  = (ExpAverage(ExpAverage(diff, 32), 5)) / (ExpAverage(ExpAverage(AbsValue(diff), 32), 5)) * 100;
def Signal = ExpAverage(TSI, 5);
def Momentum = TSI - Signal;
def LHMult = If (.01 <> 0, (1 / 0.01), 0);
def TSVBlues = If (Momentum >= 0, Momentum, 0);
def TSVMomentum_Pos = TSVBlues * LHMult;
def TSVReds = If (Momentum < 0, Momentum, 0);
def TSVMomentum_Neg = TSVReds * LHMult;

# HTF ERGODIC Price Channel Momentum Indicator ----------------------------------------
plot PC_H = MovAvg_H;
plot PC_L = MovAvg_L;

PC_H.DefineColor("SlopeUp", CreateColor(0, 153, 0)); #createColor(0,153,0)); GREEN
PC_H.DefineColor("NoSlope", Color.GRAY);
PC_H.DefineColor("SlopeDown", Color.RED);
PC_H.AssignValueColor(if TSVmomentum_Pos then PC_H.Color("SlopeUp") else if TSVmomentum_Neg then PC_L.Color("SlopeDown") else PC_H.Color("NoSlope"));
PC_H.SetLineWeight(2);
PC_H.HideBubble();

PC_L.DefineColor("SlopeUp", CreateColor(0, 153, 0));#createColor(0,153,0)); GREEN
PC_L.DefineColor("NoSlope", Color.GRAY);
PC_L.DefineColor("SlopeDown", Color.RED);
PC_L.AssignValueColor(if TSVmomentum_Pos then PC_L.Color("SlopeUp") else if TSVmomentum_Neg then PC_L.Color("SlopeDown") else PC_L.Color("NoSlope"));
PC_L.SetLineWeight(2);
PC_L.HideBubble();

# MOXIE - This section is for the medium term MACD ---------------------------------------------
def midTermFastAvg = ExpAverage(close(period = Moxie_lowestAggregation), 12);
def midTermSlowAvg = ExpAverage(close(period = Moxie_lowestAggregation), 26);
def midTermValue = midTermFastAvg - midTermSlowAvg;
def midTermAvg = ExpAverage(midTermValue, 9);
def midTermDiff = (midTermValue - midTermAvg)*3;

# MOXIE - This section is for the long term MACD -----------------------------------------------
def longTermFastAvg = ExpAverage(close(period = Moxie_highestAggregation), 12);
def longTermSlowAvg = ExpAverage(close(period = Moxie_highestAggregation) , 26);
def longTermValue = longTermFastAvg - longTermSlowAvg;
def longTermAvg = ExpAverage(longTermValue, 9);
def longTermDiff = (longTermValue - longTermAvg)*3;

# Signal Criteria -----------------------------------------------------------------------
def midTermLower = midTermDiff < 0 and midTermDiff < midTermDiff[1];
def midTermHigher = midTermDiff > 0 and midTermDiff > midTermDiff[1];

def longTermLower = longTermDiff < 0 and longTermDiff < longTermDiff[1];
def longTermHigher = longTermDiff > 0 and longTermDiff > longTermDiff[1];

#########################################################################
plot BuySignal = if midTermHigher and LongTermHigher then MovAvg_L1x else Double.NaN;
BuySignal.SetDefaultColor (Color.White); #(CreateColor(0, 153, 0));
BuySignal.SetPaintingStrategy(PaintingStrategy.POINTS);
BuySignal.SetLineWeight(2);
BuySignal.HideBubble();
BuySignal.HideTitle();

plot SellSignal = if midTermLower and LongTermLower then MovAvg_H1x else Double.NaN;
SellSignal.SetDefaultColor(Color.White);
SellSignal.SetPaintingStrategy(PaintingStrategy.POINTS);
SellSignal.SetLineWeight(2);
SellSignal.HideBubble();
SellSignal.HideTitle();

# Cloud Fill -----------------------------
AddCloud(MovAvg_H, MovAvg_L, Color.LIGHT_GRAY);

alert (close>BuySignal,"ChannelDotup", alert.bar,Sound.ding);
alert (close<SellSignal,"ChannelDotdown", alert.bar,Sound.ding);

#alert (close>BuySignal,"ChannelDotup", alert.once,Sound.ding);
#alert (close<SellSignal,"ChannelDotdown", alert.once,Sound.ding);

I have been looking at this indicator all day to see if the "slopeUp" and "SlopeDown" repaint, but I am not seeing any signs. Can you confirm if they do or not? I understand the buy signals may repaint because of the aggregation periods, but im only interested in the slope. I program a lot of indicators, but the "If (.01 <> 0, (1 / 0.01), 0);" is throwing me off.

EDIT:
It looks like the indicator does repaint, but it only repaints as far as the price channel length.

 

[Slippage]

I have been looking at this indicator all day to see if the "slopeUp" and "SlopeDown" repaint, but I am not seeing any signs. Can you confirm if they do or not? I understand the buy signals may repaint because of the aggregation periods, but im only interested in the slope. I program a lot of indicators, but the "If (.01 <> 0, (1 / 0.01), 0);" is throwing me off.

EDIT:
It looks like the indicator does repaint, but it only repaints as far as the price channel length.

Yes, it repaints until the higher timeframe closes. So on daily it repaints during all of the current week. Once the week closes it starts the next week of repainting and past weeks remain static.

 

[Fenway1353]

Sorry, @Fenway1353, I didn't realize you're still not comfortable building a scan with the steps I posted. Here's the code for the individual pieces of the scan I created. This scan isn't looking for triggers and won't find trampolines. It's looking for stocks that are almost ready to trade with normal, non-trampoline, setups regardless of how long ago Moxie crossed over.

For each of these pieces, add a new study filter to the scan, set the timeframe as listed here and paste the code.

1. Set to 1H. This handles the 1 hour moving averages.

@Slippage I really appreciate you taking the time to write out the scans. The way you laid it out was easy to input into TOS. Thanks again.

I took a look at a few other videos today. I noticed TG primarily uses the hourly and commonly enters trades when the Moxie Indicator goes positive on the hourly. I noticed on the posted scan that the Moxie Indicator is already positive. Do you think it's beneficial to include the situations where the indicator is just below zero so that the trade can potentially be entered as it crosses above.

Again, thanks for all you continue to do. Please don't take the above as criticism - I used the scanner all day and loved it. I was just thinking of a way to ensure we don't miss a potential entry point when the Moxie Indicator goes positive on the hourly.

Thanks again!

 

[JCPantocrator]

Yes, it repaints until the higher timeframe closes. So on daily it repaints during all of the current week. Once the week closes it starts the next week of repainting and past weeks remain static.

@Slippage First and foremost, thank you for all your efforts.. they are truly appreciated.

I am not a coder so please forgive the nature of the question. Is it possible to have the indicator not repaint? Is there a minor code change I can make for that? Or is this not possible given the core nature of the indicator?

Thanks

 

[Slippage]

@Slippage I really appreciate you taking the time to write out the scans. The way you laid it out was easy to input into TOS. Thanks again.

No problem. I'm glad it helped.

I took a look at a few other videos today. I noticed TG primarily uses the hourly and commonly enters trades when the Moxie Indicator goes positive on the hourly. I noticed on the posted scan that the Moxie Indicator is already positive. Do you think it's beneficial to include the situations where the indicator is just below zero so that the trade can potentially be entered as it crosses above.

A few things here:

1. To find stocks that haven't quite crossed yet you can change the Moxie pieces of the scan to whatever value you want. Where it has plot scan = moxie > 0; you can change the 0 to -0.1 or -0.2 or whatever you want.

2. The scan code in my most recent post that has all the indicator code, not the trampoline scan but the other one, will find when Moxie crosses over zero -- when the arrows first appear on the chart -- if you prefer that. You can add that as another study on the scan you already built and set it for whatever timeframe you want. Like the other Moxie pieces, it needs to be set for the higher timeframe compared to the chart you're thinking about. Watkins scans based on that trigger, at least in videos he recorded two years ago.

3. Remember that Watkins only enters trades in the last hour of the day. I think that's at least partly because Moxie repaints. Moxie may trigger at 10am but by 2pm the price fell and the trigger isn't there any more. He doesn't start scanning until 2pm.

4. MOST IMPORTANT.... I found through watching his videos from varying time periods his entries matured and became more conservative over time. In his oldest Moxie Trader videos he talked about entering on the hourly trigger, as long as the other criteria are met. In later videos he talked about entering half position on the hourly trigger and the other half after a retest of support, usually the 50 SMA on the hourly chart. In his most recent videos on YouTube he doesn't enter any trade until the retest happens. That's why I figured I'd set my scan to just make sure Moxie is above zero and not really care when it got there. And it's why my scan looks for stocks that are very close to SMA 50 on the hourly chart. That way either they retested very recently or they're probably about to retest. I'm sure I'll end up adjusting my scan as I get more experience in this, especially if it's not finding the stocks he calls trades on.

It all depends on your style, though. Watkins seems to keep a large list of stocks, in Excel or something rather than as watchlists in TOS, and he checks on them at regular intervals with the frequency depending on how close to ready they look. It seems sometimes he's watching a stock for several weeks before it sets up. I'm not really interested in spending my time that way. I'd rather not see them until they're ready to trade. He does enter early sometimes in anticipation of the final pieces of the setup falling into place so there is some benefit to spending that extra time. Since I'm new to the strategy I don't want to bend/break rules yet anyway.

Again, thanks for all you continue to do. Please don't take the above as criticism - I used the scanner all day and loved it. I was just thinking of a way to ensure we don't miss a potential entry point when the Moxie Indicator goes positive on the hourly.

Don't worry, I didn't find anything negative in your post and I'm not the emotional type anyway. And it's natural different people have different criteria for what they want to look at and potentially trade.

 

[Slippage]

nowhere on this Mastery page https://www.simplertrading.com/moxie/ does it say there's a "trading room" (chatroom) where TG Watkins will answer your questions all day and you can interact with other members nearly 24 hours a day

Coincidentally, another member in that room happened to mention that we're lucky Watkins lets us stay in there and answers our questions. That Moxie Mastery really is supposed to be just an alert service, not a trading room subscription. I'm not sure whether that's true or an assumption but it would explain why it's not mentioned in the marketing materials.

 

[Alb]

I decided to just YOLO it and get the Elite package. I should get the money back from the Mastery alerts anyway, in theory. I'll let you know what I think of it once I've consumed the materials and understand the scope of what exactly is included. Now that I have the actual Moxie code I wouldn't feel right to share it or to make any updates to what I've already posted here but I'll let you know if I see anything the code here has wrong so someone can chase it down and fix it if they have an interest.

The real Moxie has different code for every timeframe that Watkins charts with the referenced higher timeframe hard coded -- terrible code management. Of course, the first thing I did was grab the official version for daily charts. and compare it to the code we have here. Our formula is an exact match, down to variable naming which leads me to believe whoever posted it on TradingView had access to the real Moxie. Assuming our code is correct across timeframes, I plan to use that instead of the real Moxie so I don't have to have the literally ten different studies they gave me to download.

I can also tell you our code is a lot cleaner than the official Moxie. There's a few variables in their code doing unnecessary math where the result never gets used. And a few global colors defined that also never get used. I commented out that stuff to eliminate unnecessary CPU/memory utilization.

Having reviewed all of the official code for Moxie I can say I'm 100% comfortable using the code posted here instead.

Yes, I agree that you should not port any concepts or IP of moxie into the code here, as that would not be nice.

And wrt to TradingView code, you never know, it is possible that Moxie was copied from it .) I have seen very similar OsMA HTF code in Metatrader and elsewhere. I've also coded many multi-timeframe indicators and systems using MACD and OsMA and many of the false triggers and thrashing and weak moves have not been addressed. That I suspect is why he is looking at HTF 50 MA S/R and multi-TF charts and only entering half orders (as you mention in future response). Because if you take too many false entries that get stopped out, it eats the account balance and impacts your moral and psychology. And then on the other hand, if you try to get too many things to align, you may never find a trade. The most important thing in this strategy seems to be to find entities that are about to explode. I would think that if you don't find about 25% of these (that give something like a 5:1 R:R explosion) for all the triggers you get, that it will be tough to break even.

I would think that from a system standpoint that another indicator would be very useful, maybe something like a squeeze, to detect pre-explosion compression, and another to try to filter out these OsMA zero cross-recross on shallow sideways markets and weak moves. Maybe squeeze could do both, by only acting on reasonably coincident OsMA cross and squeeze breakouts (this takes a bit of fiddling when one triggers to checking back to see if the other(s) most recently fired within N bars and are still in the same fired direction/state).

And finally, as the market seems to be getting to a point where many stocks are going to be going down, I agree that looking for downside exploders will be needed pretty soon...

And thanks for your observations on the course, team, etc, very helpful and interesting

 

[Slippage]

Is it possible to have the indicator not repaint? Is there a minor code change I can make for that? Or is this not possible given the core nature of the indicator?

Sorry, no, it's not possible. Unless you don't mind delaying the signals until the next week.

 

[Slippage]

Yes, I agree that you should not port any concepts or IP of moxie into the code here, as that would not be nice.

I won't be a dick. Anything I learn from his code or his class that isn't already public I won't mention here or anywhere. Once you know what the formula is, where he got it from, which I learned thanks to you, it seems less unreasonable to share it. But if his different visual representation of that data is helpful I don't see a reason he shouldn't be able to sell it. And his strategy is more than the indicator, a lot more so than squeeze or other ST strategies I'm aware of.

And wrt to TradingView code, you never know, it is possible that Moxie was copied from it .)

Actually, that TradingView study is named Moxie-something-or-other so it's pretty likely a Moxie customer ported it.

I would think that from a system standpoint that another indicator would be very useful, maybe something like a squeeze, to detect pre-explosion compression, and another to try to filter out these OsMA zero cross-recross on shallow sideways markets and weak moves. Maybe squeeze could do both, by only acting on reasonably coincident OsMA cross and squeeze breakouts (this takes a bit of fiddling when one triggers to checking back to see if the other(s) most recently fired within N bars and are still in the same fired direction/state).

I'm trying to figure out how to answer this one without giving a direct answer since the paid training solidified an impression I already had.

There is an often repeated concept in the YouTube videos which I believe is the reason squeeze or another indicator isn't needed. I'll even hint to listen for the word "compression" since you used that word in your message. I've heard him use that word as well as some synonyms while discussing that concept.

If you, or anyone, is going to spend time watching his YouTube videos, don't waste time on webinars or "state of the market" videos. Focus on the ones where he's going from stock to stock to stock for an hour. The Moxie Trader channel is probably better for that than the Simpler Trading channel.

And finally, as the market seems to be getting to a point where many stocks are going to be going down, I agree that looking for downside exploders will be needed pretty soon...

I'm curious to see how he'll handle a down-trending market. He has traded short before but he sounds really uncomfortable with it -- he doesn't like the way price behaves on the short side. Also, he's trading multiple accounts including his IRAs and some family members' accounts which might be IRAs. Can't short in those aside from using options and he still has a strong preference for shares vs options as the majority of his positions.

 

[Alb]

I won't be a dick. Anything I learn from his code or his class that isn't already public I won't mention here or anywhere. Once you know what the formula is, where he got it from, which I learned thanks to you, it seems less unreasonable to share it. But if his different visual representation of that data is helpful I don't see a reason he shouldn't be able to sell it. And his strategy is more than the indicator, a lot more so than squeeze or other ST strategies I'm aware of.



Actually, that TradingView study is named Moxie-something-or-other so it's pretty likely a Moxie customer ported it.



I'm trying to figure out how to answer this one without giving a direct answer since the paid training solidified an impression I already had.

There is an often repeated concept in the YouTube videos which I believe is the reason squeeze or another indicator isn't needed. I'll even hint to listen for the word "compression" since you used that word in your message. I've heard him use that word as well as some synonyms while discussing that concept.

If you, or anyone, is going to spend time watching his YouTube videos, don't waste time on webinars or "state of the market" videos. Focus on the ones where he's going from stock to stock to stock for an hour. The Moxie Trader channel is probably better for that than the Simpler Trading channel.



I'm curious to see how he'll handle a down-trending market. He has traded short before but he sounds really uncomfortable with it -- he doesn't like the way price behaves on the short side. Also, he's trading multiple accounts including his IRAs and some family members' accounts which might be IRAs. Can't short in those aside from using options and he still has a strong preference for shares vs options as the majority of his positions.

I was just joking on Moxie coming from TradingView as opposed to the other way around. But the kernel of the code concept likely came for elsewhere. And adding the things they have to make Moxie is creativity, so give them that. In terms of watching videos, don't watch many these days but do try to focus on the ones that show the details of how the strategy works as you suggest.

On the compression term, I was really just putting a word out there to get the concept of trying to find ones that have a very good chance of considerable jumps. If what they have in a methodology and group/team/tools scouring the market comes up with a sizeable number and percentage of these then that alone would be well worth the price of the Mastery component.

Adding in your own use of Options and downside movers would be well benefited as well I would think.

Cheers.

 

[Alb]

@Slippage First and foremost, thank you for all your efforts.. they are truly appreciated.

I am not a coder so please forgive the nature of the question. Is it possible to have the indicator not repaint? Is there a minor code change I can make for that? Or is this not possible given the core nature of the indicator?

Thanks

By sticking with the use of the HTF Aggregation period adjustment its not possible, HOWEVER, it is possible to change the indicator slightly so that it won't repaint and still have an analogous effect. The re-painting comes from the use of HTF AggregationPeriod in the MA's, so rather than determining the HTF AggregationPeriod to use based on the current TF that the indicator/scanner is on, you would scale the MA periods based on that TF. So if you are on a specific TF, you would determine the Period scaler to use instead of the HTF AggregationPeriod, e.g. if on TF = m15 then the scaler would be either 2 or 4 depending on H1 or H2, if on H1 it would be 8 for D1, etc. AggregationPeriod would use the chart's TF.

So def vc1 = ExpAverage(price, 12*scaler) - ExpAverage(price, 26*scaler); va1 = ExpAverage(vc1, 9*scaler);
And while doing this it would be worthwhile to make the 3 periods external parameters, since these generally are useful to play around with a bit.

 

[VickyVJ]

Coincidentally, another member in that room happened to mention that we're lucky Watkins lets us stay in there and answers our questions. That Moxie Mastery really is supposed to be just an alert service, not a trading room subscription. I'm not sure whether that's true or an assumption but it would explain why it's not mentioned in the marketing materials.

Hi Slippage, based on your experience with the elite package, do u think the video on moxie youtube suffice or does the videos offer in his course offer far more details ? I am still thinking if i should sign up for the course.

 

[Slippage]

Hi Slippage, based on your experience with the elite package, do u think the video on moxie youtube suffice or does the videos offer in his course offer far more details than what is offered in the course? I am still thinking if i should sign up for the course.

I thought about commenting on this in my most recent long-ish post but I figured I should take the time to watch all the videos included in what I've purchased before I make a final judgement. And I'm attempting (not sure how successful I'll be) to keep separate in my head what I learned from the class vs learned from the videos included with the Mastery subscription so I can give better opinions on the two separately.

So far, I've watched all of the videos included in the Moxie Stock Method class. I watched part of one video in the Mastery Learning Center but that video's specific to exits. I didn't watch any yet from the Moxie Stock Method e-Learning Module but those videos all have the same titles as the Moxie Stock Method videos. I think the only difference is the class dates. They're recordings of live classes split into smaller pieces. The e-Learning is 5 months newer, Feb 2020 vs Oct 2019.

For things I don't remember seeing on YouTube, I did learn a probably-important criteria to look for on trampoline setups. And one concept that applies to just about any type of setup (not just his strategies) which is common sense but maybe you never had a fully articulated thought about it before to apply it as criteria in selecting stocks/setups, at least that was the case for me.

In the YouTube videos, he takes a stock and shows whatever concepts apply. Takes the next stock and shows whatever concepts apply. Rinse, repeat for an hour. In the class videos, he takes a concept and shows it on a bunch of stocks. Takes another concept and shows it on a bunch of stocks. Rinse, repeat for a lot less than an hour per concept. Whether it's only that structural difference or possibly more informative commentary I'm not sure but I do feel like I learned quicker from the class videos. I was already comfortable with some pieces of his strategy. My comfort level with of a couple of the concepts increased by watching the class videos.

In the live trading videos included in the class he starts at the beginning of his prep for the day compared to the YouTube videos where he already has a list of stocks he pre-screened to show that day. So there's a bit more information there. Probably nothing that would determine ultimate success or failure but maybe it makes things easier seeing his workflow if you're having trouble figuring out how to start. Though, it really is just running a scan as well as going through his curated list of tickers and doing the same thing he does in the YouTube videos.

I'll start on the e-Learning section next so I can get back to you all about it quickly. I have to admit part of me is dreading another 7 to 8 hours of the same content I watched two days ago. haha

ETA: It turns out the e-Learning videos really are the exact same as the other class videos so no need to spend time on those. They use a different video player and content structure in the e-Learning and I'm glad I used the other section instead so I could control the playback speed and get through the content faster.

I looked through the Mastery Learning Center videos and watched a couple of them. The topics from the class mostly seem to be covered just maybe in less depth and with fewer examples. Some videos in this area give much more detail than the class, such as Defining Risk: Where do you set initial stop? Defining Risk: Managing stops once position is profitable, Profit Exits, the Moxie Way.

I'll write the next part as a new post so people don't miss it at the bottom of this wall of text.