Projected Move Expected Bounce For ThinkOrSwim

@Ramisegal
Hello,
What does the yellow S and blue S mean?

Is this still a long only strategy?
 

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Yes this is issue . anyway to change background or candle colors
@MatthewA may be able to answer you.
Yes I am sorry but that must be always be adjusted manually by the user. If you look at my page you will see that a long time ago I updated the "View of Volume" code to Winsorize the Volume data.

By applying the techniques that those who work with Statistics (like actuaries and Mathematicians) it van be easier to use without performing "biased" or irrelevant cherry picking.

I apologize that I was not able to completely eliminate hand adjusting...
Even in the updated version you must adjust what levels of the relative Volume you consider significant...

Otherwise if it is ⬛ you probably shouldn't trade that item 🤷‍♂️
 
It might be possible to eliminate the need for any hand adjusting at all if I anchor the Relative Volume to some other property. (Like @Ramisegal wonderful use of OptionsExpectedMove or Delta$ or Synthetic Gamma).

However any operation I perform must be algorithmic that is to say it must be unbiased by my monkey brain and consistanly valid rather than being visually appealing...

I am finally finishing FINALS and so when school is out I can see if there is anything I can do for these Market Cycles.
TY 🙏
 
@Ramisegal
Hello,
What does the yellow S and blue S mean?

Is this still a long only strategy?
There is a way to configure the strategy for "Long" only.
In this case turn "off" the : OrderSimbol option to display the full order entry description
also If you share your setup i will be able to answer more specific questions.
 

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