Questions on what I can add to my current set up

[durdcash]

I am currently using the set up I believe was created by Hypoluxa and BenTen for day trading options and I have it slightly modified. I currently use the 10m time frame and have the 3 and 9 sma's, the macdbb, and ergo oscillator. I have it plotted onto spy chart. I love the set up and have just started to implement it for trades this last week after a lot of back testing. I have searched for hours and finally was able to create some labels to show up for each study on my chart without making it congested. They plot the real time macd, ergo osc, I also threw in rsi at the top. Sometimes it is easier to view and see the indicators when they are close to the line.

What is the best recommendation for RSI when trading on a 10m chart? I have the aggregation period set to 10m but could it be more beneficial to have this timeframe increased or decreased since I only have it plot as a label? No clue if this is beneficial for my current set up. Just figured I would view it for a few weeks.

I also wanted to start viewing adx as well as a label and just wanted to see if it ever offered me extra insight. I found someone's set up online and then added it to the chart I have. I only added it a few days ago so I just have been trying to see if it help confirm or reinforce what I already have. I have the settings for adx as 5,25,40,70,10. Do I need to update the adx length or ma length for better results?

Also can anyone write a code that will plot a thick vertical line at 9:30 everyday?
Is there a code to show how many options trades I have entered and what the average return is, overall p/l, etc? Have not been able to find anything on this so my guess is no.
Any other useful labels I can add at the top?

 

[Adeodatus]

from SleepyZ:


def x = if secondsfromTime(0930)==0 or
(SecondsFromTime(0) / 3600) - Round(SecondsFromTime(0) / 3600, 0) == 0
then BarNumber()
else x[1];

AddChartBubble(BarNumber() == x,
high,
if secondsfromTime(0930)==0
then "9:30"
else SecondsFromTime(0)/3600 + ":00");

 

[durdcash]

from SleepyZ:


def x = if secondsfromTime(0930)==0 or
(SecondsFromTime(0) / 3600) - Round(SecondsFromTime(0) / 3600, 0) == 0
then BarNumber()
else x[1];

AddChartBubble(BarNumber() == x,
high,
if secondsfromTime(0930)==0
then "9:30"
else SecondsFromTime(0)/3600 + ":00");

@SleepyZ
I tried to add this in and it said the addchartbubble was invalid

 

[SleepyZ]

@SleepyZ
I tried to add this in and it said the addchartbubble was invalid

Works for me. What chart type, symbol and timeframe were you attempting to use it on?

 

[Adeodatus]

me too. Built on the "Create" function, named it, hit OK, loaded as an indicator. This is high math, so there isn't much you can change to get the exact time results, it plots a bubble about every hour, and at the 0930 open.