RAF (Ready Aim Fire) Indicator for ThinkorSwim

[ApeX Predator]

The current full version that has the red/green zero line uses the 34TEMA for trend following. It was sorta intended as an interim until someone can figure out the actual source of the pro version and the thrust squares. I believe that @SuryaKiranC removed that portion from his current branch off version.

My original was based off of your V2-03, before your implemented 34TEMA, hence the confusion with me claiming V2-04 before I realized there was a latest version your code as V2-04. For now I will keep it forked, so people are not confused.

my current implementation of Zero Line is as following. If somebody with access to RAF or RAF_Pro can compare, how far we are, it will be helpful.

def tEMA = TEMA(close, FisherLen);
def tLen = Floor(FisherLen / 2);
def sTema = GetValue(tEMA, tLen);
def atr = ATR(14);
def tAtr = if low > sTema + atr then 1 else if high < sTema - atr then -1 else 0;
def tLadx = ADX(tLen);

ZeroLine.SetDefaultColor(Color.WHITE);
ZeroLine.AssignValueColor(if tAtr == 1  then Color.GREEN else if tLadx < tLadx[1] then Color.YELLOW else Color.RED);

P.S: This is not an ask for RAF_Pro Code, Just the visual comparison, or possibly a screenshot of /ES or some ticker with RAF_Pro and our code here. that is all, not a dig at RAF_Pro Code.

 

[cos251]

@SuryaKiranC Sounds good. If you get the zero line figured out, I'll add that to the full version as well if you approve?

 

[ApeX Predator]

@SuryaKiranC Sounds good. If you get the zero line figured out, I'll add that to the full version as well if you approve?

By all means, goal is to get a working indicator. I see you are not using margins anymore in you code too, perhaps you can get rid of the code to keep the script clean.

 

[ApeX Predator]

Do we have anybody who has access to RAF or RAF Pro? @cos251
-S

 

[cos251]

Do we have anybody who has access to RAF or RAF Pro? @cos251
-S

Unfortunately I do not. I'll add the code you provided and do a stare and compare against some of the ST videos and see if I can provide and feedback for you.

 

[ApeX Predator]

@barbaros, The yellow in zero line is supposed to indicate the flat zone, red and green are intermediate price fluctuations while the direction of the arrows are at play. That's how I intend it to work, if you see a too much of a price fluctuation in yellow zone let me know, we have to make changes to the code.

 

[ApeX Predator]

@barbaros @cos251 did anybody get a chance to check out alert notifications? Haven't got a chance to check myself though probably will give the alerts a try on overnight session.

 

[barbaros]

@barbaros @cos251 did anybody get a chance to check out alert notifications? Haven't got a chance to check myself though probably will give the alerts a try on overnight session.

@SuryaKiranC haven't check out alerts. I will try to have it run on the side to watch.

Arrows in "aim" zone seem to line up pretty closely for my price action levels today. But, longer term swing trading seems to be better suited for this indicator. I still cannot completely correlate the zero line color changes and the other red/green line, I think it is FS17x5MA. Is the expectation the cross overs with it too?

 

[ApeX Predator]

@barbaros That is where my fork is deviating, I am not using FS17x5MA at all. In my script the midline plot is based on ADX and ATR combo.

 

[greg44]

In the tweaked RAF discussion I am looking for a way to create an alert or scan for when the word "Ready" appears using the shared thinkscript posted. Thx!

 

[greg44]

Hello all. New to the forum. Wondering if anyone knows how to create an alert and/or scan for the word "Ready" using the Fisher Transform script thread similar to the RAF indicator. Thanks.

 

[cos251]

There is now way to share that code any longer. The FisherTransformer in TOS also does not plot the SOAP Signals so you cannot scan for them, sorry.

 

[greg44]

Thank you @cos251. Sorry to hear this news on both points. Leaves me to try to find another way to get "Ready" in an alert. Found your work most helpful.

 

[JE $$]

On the lower, it seems like you get two stochastic type lines, an EMA line, and a zero line. When the faster stochastic(whitish) crosses the slower(blue), you get a green up arrow which to me seems to be indicating trend change. And then when the slower stochastic continues in an upward direction after the green arrow you get a confirmation pink arrow. This indicator was from the fisher transform thread.

Im just trying to understand it better and use it. I read through the whole thread and cant seem to piece the nuances together about what all the lines mean. Based on what i can preliminarily figure out i think you could either scan for the green arrow and try to get in early on a trend change and take the risk of it not happening or scan for the pink arrow when there is confirmation and loose out on the beginning of the move.

I think the first strategy combined with chart analysis would be best. Below is the scan for the green arrow.

 

[cos251]

You have it right. First part of the study is the standard Fisher Transform coupled with an EMA/50 of it. This is used to determine the bullish, bearish or in-between conditions. Candles are painted according to these conditions. Second half appears to be standard Fisher Transformer. I would be careful sharing this code as it is proprietary.

Link below provides details of what the transform calculation is doing.

https://www.mql5.com/en/articles/303

 

[JE $$]

Thanks for the speedy response. I guess in a nutshell the article says that a model that uses a sine wave model as opposed to a std bell curve model will be more accurate since price action/support/resis etc behaves more like a sine wave. Fisher Transform is the mathematical way to accomplish this - put very simply. Cool. thanks for the help.

 

[cos251]

Exactly. Now the trick is lining up signals on multiple timeframes.

 

[JE $$]

any tips on how to do that? Basically, for long positions with a 1d-7day hold time, what I was planning on doing is as follows:
1)scanning for early indications of trend change(green arrow)Daily time frame
2)restricting those above in the scan to have FT value(daily) of more negative than -1 because the moves from this level going up seem to give less false signals
3)confirming LT trend up w another indicator
4)assessment of the overall price action to see if reasonable
5)only large cap

really wasnt going to even bother with other time frames for this as long as my other LT trend indicator pos

What do you think? oh yeah, one other thing, entry would be stop limit 6-10c above the prior d high to keep out of trouble

 

[Trader1234]

Can someone create or guide me to a RAF Watchlist column? Thanks!

Ready Aim = Red/Green
Buy/Sell = Actual Aim Signal

 

[easleyjr96]

Was all the code and links for this forum's version of the RAF indicator removed?
I read through the thread and it appears there are posts that used to have links or blocks of code that no longer have them.

Post in question: https://usethinkscript.com/threads/raf-ready-aim-fire-indicator-for-thinkorswim.2592/