Need Weekly Expected Move Line

[kayiman2006]

I'm looking for a way to auto draw 2 line every week that represent the weekly expected move on my chart and a label on the upper. but the line need to act as trendline, not like Theotrade short line. one line for expected price if it is going up and one for bottom expected move for the week. The tool need to only show line for the current week. I would really appreciate if anybody can create this script for me. Thank you

 

[mashume]

@kayiman2006

Do you have a formula in mind for how you would go about calculating the expected move? You could use a linear regression channel which would give you direction and some sense of an expected range. You could run it over the last 20 days, or some such.
Kind of depends on what you're thinking about.

I developed an hourly expected move indicator for futures (and others) but it is statistical in nature and must be tailored to each individual asset you might want to trade -- it is not universally applicable. It was also not developed with an eye to the long term. That falls into the domain of either statistics or machine learning most of the time.

If you do find an indicator that will tell you where the symbol you're watching will bottom and top for the week, so let us know and we can all retire.

-mashume

 

[kayiman2006]

@kayiman2006

Do you have a formula in mind for how you would go about calculating the expected move? You could use a linear regression channel which would give you direction and some sense of an expected range. You could run it over the last 20 days, or some such.
Kind of depends on what you're thinking about.

I developed an hourly expected move indicator for futures (and others) but it is statistical in nature and must be tailored to each individual asset you might want to trade -- it is not universally applicable. It was also not developed with an eye to the long term. That falls into the domain of either statistics or machine learning most of the time.

If you do find an indicator that will tell you where the symbol you're watching will bottom and top for the week, so let us know and we can all retire.

-mashume

I'm sure you already know about the theotrade tool. I'm just looking for something similar but draw the line all the way across the chart.

Mr. Benten or any the great coder in the site, please help.
Thank you

 

[halcyonguy]

I'm sure you already know about the theotrade tool. I'm just looking for something similar but draw the line all the way across the chart.

Mr. Benten or any the great coder in the site, please help.
Thank you

EDIT.
awhile back, i posted an expected move, probability cone. but it has errors. i am in the middle of fixing it. maybe it will be something you can use.

fixed code
https://usethinkscript.com/threads/expected-moved-probability-cone.10891/#post-95484

 

[cainnitelord]

@cainnitelord link fixed:
https://usethinkscript.com/threads/weekly-expected-moves-for-thinkorswim.10888/

sorry but it still says "page not found"

 

[MerryDay]

sorry but it still says "page not found"

Sorry... It would seem that the OP deleted that thread. Currently the thread that @halcyonguy provided is our only expected move thread on the forum. https://usethinkscript.com/threads/expected-moved-probability-cone.10891/
The 3rd post down is a weekly version. Maybe you can work with that.

 

[Ramisegal]

I have the TheoTrade, but I need one that only show the current week expected move, and draw lines for the upper range and lower range across the chart automatically every week. if we can create that, we can even used as a strategy.

Did you get it resolved?

 

[MerryDay]

Did you get it resolved?

Did you know that by clicking on a member's name, you can easily check when they were last seen on the uTS forum? It's a great way to keep track of who's been around recently, and who hasn't. Speaking of which, it looks like @kayiman2006 is no longer active.

 

[Ramisegal]

Did you know that by clicking on a member's name, you can easily check when they were last seen on the uTS forum? It's a great way to keep track of who's been around recently, and who hasn't. Speaking of which, it looks like @kayiman2006 is no longer active.

Can we start a new thread on the expected move as described in this link? https://theotrade.com/member-home/member-theotrade-tutorial/chart-tab/auto-expected-move-study/
and shared https://tos.mx/kV4zPg
by theotrade

 

[MerryDay]

Can we start a new thread on the expected move as described in this link? https://theotrade.com/member-home/member-theotrade-tutorial/chart-tab/auto-expected-move-study/
and shared https://tos.mx/kV4zPg
by theotrade

You got it:
https://usethinkscript.com/threads/theotrade-expected-moves-for-thinkorswim.17456/