SqueezeMetrics Dark Pools Indicator for ThinkorSwim

[tradebyday]

@Thomas If you look at the charts posted by @STB you will see how it shows entries and exits going up until this past week. Currently (based on this set up, not my opinion) the market is long biased since either late March or early April. I'd say not so bad of an entry down there either

 

[STB]

For a moving average on the DIX add this code to it.

Input length = 5;

plot DPSMA = Average(darkpool, length);
DPSMA.AssignValueColor(if DPSMA > DPSMA[1]  then Color.GREEN else Color.RED);

 

[toopoor88]

@DeusMecanicus By chance can you link or point me to the place you read about the .39 sell and .45 buy?

 

[Jeff MulHolland]

I wrote the DIX levels up to May 15, 2020 and the graph exceeds the current date

https://www.screencast.com/t/ZkbNI2twbA

 

[STB]

I wrote the DIX levels up to May 15, 2020 and the graph exceeds the current date

https://www.screencast.com/t/ZkbNI2twbA

Jorge_Ocampo
Adjust dates in custom time frame

 

[DaGekko]

@STB what did you change to the entry criteria for your backtest?

NVM - found your using DIX and HULLMA - Thanks!

 

[codydog]

Have y'all read through all their descriptive literature and understand all the definitions? Just curious.

 

[DaGekko]

@STB can you share what you entry/exits were modified to? I know you're using DIX and HULL MA, but I can't get my backtest to match yours. Yes I made sure the custom date range matched as well.

Thanks!

 

[STB]

The back test result is also including the GEX strategy I have on there also.
Which captured the recent down move.

 

[tradegeek]

The back test result is also including the GEX strategy I have on there also.
Which captured the recent down move.

@STB Looks great! Would you be willing to share that chart? Thanks!

 

[toopoor88]

@STB what numbers are you looking for in the GEX to sell or buy?

 

[STB]

The GEX strat I'm still playing with right now it just shorts when Gex < 0.

 

[DaGekko]

@STB Can you describe how you're using the DIX and HULL MA? Maybe if DIX is above 46 and Hull MA is blue? Or price is above HULL MA?

 

[cfw238]

How do you get the data if you don't have them from that website?

 

[toopoor88]

@STB can you share your GEX strat code if possible, IQ too low to make it work from the DIX one

NVM... I figured it out

 

[martyrjohn]

Can someone explain how I can use this. When I plug it into strategies it says "lower not allowed in strategies". Also, can someone explain how I can update the data?

 

[toopoor88]

I had time to look more into this and backtest it and its not good news. In the example someone posted of making 91k in 5 years on /ES looks great when you post 91k but they didn't see you will need almost 2.5 mil in buying power to do each trade. One of the trades would have been a loss of almost 900k........ not many people will want to put up that much money and see a loss like that and hope things go okay to make 91k over 5 years. It doesn't matter if you go off the rules of what someone said about DIX or GEX the results are pretty much the same with either your going negative or barely any profit. Also the rules is so far what we all are guessing and trying as this site doesn't have any type of clear direction or the people on twitter talking about it. Just my two cents

 

[wnozick]

Very interesting study you've got here. Have you taken action on any trades thus far with it? I know SPY has been in quite the uptrend lately - I am thinking about testing small when the short indication finally comes up!

 

[DaGekko]

The strategy only trades 1 ES contract... where are you getting leveraging millions of dollars? Margin is only ~ 15K per contract to make 91K over the last 5 years. Seems pretty legit to me!

 

[IanM]

Does this mean that from 11/9/17 through like 2/5/18 the dark pool was trying to fight hard against an up-trending market?
I'm still trying to figure out what was the point of that. I set the chart to 3y:1d but the buy and sell signals are not perfect. Is it working right or did that elite money have some schemes planned? I'm still not sure how to work it out.

No expert, but I think it means the darkpool was selling into the rising market, which we see eventually turned down. In the future, if I see this, I will be looking to lighten-up my holdings.