SPY Day Trading + Swing Trading Indicators for ThinkorSwim

H

HighBredCloud

Active member
Hmm...I like the simplicity of the indicator...BUT is it just me or does it hit way too late for intraday trading on let's say a 5 min chart comparing it to a 20 period HULL MA? What are the best settings known other than the 19, 39 perhaps that could help with better entries and exits?
 
J007RMC

J007RMC

Active member
2019 Donor
Warehouse
Im beginning to really like the PGO indicator along with some internals.
 
H

HighBredCloud

Active member
Im beginning to really like the PGO indicator along with some internals.
@J007RMC Haven't tested it yet...I do wonder how it compares to the other Trend indicators and IF the candle paint is sensitive.
 
Brad

Brad

New member
VIP
@BenTen thanks for posting this. This seems really simple for someone like myself. i like to trade intraday when i am home but swing trading is better for me. Any suggestion on using anything with it ? Or maybe a screener i can use at nite to find a good setup for this indicator ? Thanks again to all involved @thinkscript
 
Brad

Brad

New member
VIP
attached is some charts with shaded highlighted areas of where i am looking go long



Is there a way to combine pocket pivot and the Swing trade indicator from this thread to find breakout trades?



 
Last edited by a moderator:
J

Jim C

New member
Hey guys,

Trying to give back here a little. I modified this strategy to be compatible with mobile. It will work on whatever period you have it on. I work full time and having a screen in front of me is impossible. My plan is to set alerts and use this specifically for stocks on a higher time frame for swing trading options. 1 hour or 4 hour agg. I don't have it coded to add arrows or alerts, modified the period to whatever current period you have it on in the mobile app. Hope this helps someone.
Code:
# Original name: Big_Hand_Arrows_On_Study_w_Agg

# Script by Waylock

# AlphaInvestor - 05/12/2017 - force to weekly aggregation

# Modified by BenTen to work on lower timeframe. Alerts added.

#Modified by Jim C for Mobile and standard period

declare lower;


input fastLength = 19;

input slowLength = 39;

def c = close;

plot Value = ExpAverage(c, fastLength) - ExpAverage(c, slowLength);

def Value_color = if Value > 0 then yes else no;

Value.DefineColor( "ValueUp", Color.GREEN );

Value.DefineColor( "ValueDn", Color.RED );

Value.AssignValueColor( if Value_color then Value.Color( "ValueUp" ) else Value.Color( "ValueDn" ) );

plot ZeroLine = 0;

Value.SetDefaultColor(Color.CYAN);

ZeroLine.SetDefaultColor(Color.YELLOW);

ZeroLine.HideTitle();

ZeroLine.HideBubble();

def xUndr = Value[1] < 0 and Value > 0;

def xOver = Value[1] > 0 and Value < 0;

plot ArrowUp = if xUndr then xOver else Double.NaN;

ArrowUp.SetPaintingStrategy(PaintingStrategy.ARROW_UP);

ArrowUp.SetDefaultColor(Color.YELLOW);

ArrowUp.SetLineWeight(5);

ArrowUp.HideTitle();

ArrowUp.HideBubble();

plot ArrowDn = if xOver then xUndr else Double.NaN;

ArrowDn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

ArrowDn.SetDefaultColor(Color.YELLOW);

ArrowDn.SetLineWeight(5);

ArrowDn.HideTitle();

ArrowDn.HideBubble();

def data = Value;

# Alerts
Alert(ArrowUp, " ", Alert.Bar, Sound.Chimes);
Alert(ArrowDn, " ", Alert.Bar, Sound.Bell);

# End Study
 
J007RMC

J007RMC

Active member
2019 Donor
Warehouse
@Jim C THANKS. Well I do like simple and this ones for me thanks y'all
 

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