RAF (Ready Aim Fire) Indicator for ThinkorSwim

[wtf_dude]

Also, just my opinion here. But the more I inspect this indicator the less I like it. At least in the way the ST is promoting it. There is a lot of valuable signal data here from it's original incarnation (from FW Trade). I will be looking to use this but probably dissecting it some to match it up with my original Fish/CCI Combo signals as well as some other stuff I'm working on. Again, this is only my opinion.

Im with you so far. Way too many false signals. My current setup seems way cleaner. For now though, this little experiment is just a covid time killer

 

[madpuri]

I am seeing a perfect match with the shaded areas. There are slightly more ready and aim signals, but not a deal breaker. I would say a good match for the original RAF. I have been looking into the soap lengths as possible thrust signals. The length of time a soap signal stays above ob/os. I agree with everyone else. This is something simple. I would not surprise me if power thrust bars are some form of the soap signals. LOL...the indicators they produced are not advanced just minor tweaks on what is available.

 

[Mlentsch0]

this is great stuff guys really. so....has anyone tried it in real life? how were the results?

 

[DDW]

@Investingtogive How was the class over the weekend? Does the new RAF Pro look to be worth the price tag in your opinion?

 

[madpuri]

this is great stuff guys really. so....has anyone tried it in real life? how were the results?

like all indicators...it is another placebo. i Wouldn’t rely on it as the sole indicator. We are just trying to replicate the pro version as an exercise.

 

[DDW]

Also, just my opinion here. But the more I inspect this indicator the less I like it. At least in the way the ST is promoting it. There is a lot of valuable signal data here from it's original incarnation (from FW Trade). I will be looking to use this but probably dissecting it some to match it up with my original Fish/CCI Combo signals as well as some other stuff I'm working on. Again, this is only my opinion.

Have you been using 30min chart? Carter likes the 30min and daily chart for his trades, feels using charts on lower time frames is trying to fight against "10 million dollar algo machines."

 

[madpuri]

Have you been using 30min chart? Carter likes the 30min and daily chart for his trades, feels using charts on lower time frames is trying to fight against "10 million dollar algo machines."

All BS. I have seen him take trades on the one minute. His success this year came from Tesla...nothing else.

 

[bisrama]

@madpuri I was reading your thread in regards to the THRUST DOT. I believe this is an indicator I use already built into TOS. This is referred to a TMV Study.

Take a look at it, it seems to match decently with RAF dots. Its basically a Kelter Channel study, with SMA, Volume spike and ADX over 10.

Cheers!

 

[madpuri]

@bisrama I am not seeing it. I am specifically avoiding TSLA because many suggestions will match a trending stock. I am looking at range bound stocks Carter showed in his videos. So far no match.

 

[wtf_dude]

Have you been using 30min chart? Carter likes the 30min and daily chart for his trades, feels using charts on lower time frames is trying to fight against "10 million dollar algo machines."

Is he not using the 39 minute tf anymore?

 

[wtf_dude]

@madpuri I was reading your thread in regards to the THRUST DOT. I believe this is an indicator I use already built into TOS. This is referred to a TMV Study.

Take a look at it, it seems to match decently with RAF dots. Its basically a Kelter Channel study, with SMA, Volume spike and ADX over 10.

Cheers!

Just checked out the TMV. The dot that you see is only a portion of the indicator and basically just signifies a volume spike above a moving average threshold (the default is half a percent over the 20day volume SMA) I wouldn't be surprised in the slightest if the thrust dot is just a volume spike over a certain percent if anybody wants to check.

Try adding this:

input volumeFastLength = 1;
input volumeSlowLength = 20;
input volumeOscThreshold = 0.5;


def volumeOsc = reference VolumeOsc("fast length" = volumeFastLength, "slow length" = volumeSlowLength, "diff type" = "percent");

plot VolumeSpike = if volumeOsc > volumeOscThreshold then 0 else Double.Nan;
VolumeSpike.SetDefaultColor(GetColor(1));
VolumeSpike.SetLineWeight(3);
VolumeSpike.SetPaintingStrategy(PaintingStrategy.Points);

 

[madpuri]

Is he not using the 39 minute tf anymore?

what ever is convienent...lol. His recent videos show 30 minute, 2 hour four, and other standard timeframes. Not dissing, but he uses what ever will work.

Anyways, I tested the code. Not seeing a match, but I think you are on to something with the dots code. I wonder if we can use this with the soap stochastics when they get above or below OB/OS. Another member mentioned ADX. Let me see if I can get anything working by tweaking @wtf_dude 's code. I will post if I get somewhere.

 

[wtf_dude]

what ever is convienent...lol. His recent videos show 30 minute, 2 hour four, and other standard timeframes. Not dissing, but he uses what ever will work.

Anyways, I tested the code. Not seeing a match, but I think you are on to something with the dots code. I wonder if we can use this with the soap stochastics when they get above or below OB/OS. Another member mentioned ADX. Let me see if I can get anything working by tweaking @wtf_dude 's code. I will post if I get somewhere.

So since I started experimenting with this and getting a bunch of squeeze scanner requests, I started reading his book Mastering the Trade. It's actually pretty damn good, but its also almost 500 pages. I'm guessing he ran into the ever so common "cant you just tell me when to buy and sell" requests vs people actually reading his book and putting years into learning the market. That being said, I definitely can't fault him for just charging people out the *** for pointy placebo arrows and half baked broadcasts. If customers wanna be lazy, they can go ahead and waste capital.

 

[solaris]

Is there a scan that pinpoint the reversal signals that you have labeled on the chart?

 

[madpuri]

Is there a scan that pinpoint the reversal signals that you have labeled on the chart?

So the code I posted is straight from simpler trading website. Use that code if you want to do a scan.

I get the feeling many here see this as the holy grail or close to it. I am gonna throw some cold water on this. The ”creator” David Starr says he would not solely use this or use the scan since too many false signals are generated. David Elliot on the other hand stressed reading the chart and seeing how the indicator is reacting.

 

[Stockmarker]

Wow, it's so cool !
Just wanted to check the following requirement. I'm trying to setup the following scan which is not working. Can you pls. help to setup the same?

Dear everyone, Good evening!
Just checking, can anyone help with this case? I would like to setup a scan for AAA_RSO_Laguerre_TOME_MTF_VERS_3_* indicator when the RSI crosses OS plot , should get alert.

 

[bisrama]

@bisrama I am not seeing it. I am specifically avoiding TSLA because many suggestions will match a trending stock. I am looking at range bound stocks Carter showed in his videos. So far no match.

Can you point me to the video your referring too? I saw and he only uses TSLA and those thrust dots are a perfect match on Tesla with the TMV study. So since you are stating you will exclude Tesla and select a range bound stock, I am interested to see what other stocks JC illustrates the thrust dots on.

Below is a comparison on his chart and my TMV

 

[madpuri]

Those arent the thrust dots. That is part of his 10x bars. Those are volume dots. Thrust bars are the in the RAF pro

 

[marito]

Those thrust dots look like they could be pretty useful ..... @bisrama could you share the link to your chart or grid please?

 

[madpuri]

lol...those arent thrust dots...lol...those are so useless...i can show you 99 out 100 spots where they will fail. TSLA was the only exception...