Repaints Stochastics Divergence System For ThinkOrSwim

Repaints
I've taken a multiple time frame approach to this strategy where I'm finding divergences on the 1 hr, 30 min, 15 min, 5 min, 3 min and 1 min. The higher the time frame of the divergence, the more reliable the signal on the smaller time frames and the bigger the move. I've also added a stochastics(14,3) and (40,4), which sometimes spot divergences that the ones I've been using do not.

I keep the higher time frame charts (1 hr, 30 min and 15 min) in the "charts" tab and the lower time frame charts (5 min, 3 min and 1 min) in the "flexible grid" tab so I can easily switch between them when trading.

Here's the new lower time frame grid. http://tos.mx/t8GLJXR

For the higher time frame grid, simply use the same style but change the time frame.
Chance I am using this, with 3 time periods., 1, 3 & 5. It is good. Would be great if you can add alerts for arrows. Please I do not know how to do this. If you know, or if anyone knows how to add alerts for arrows, please help.
 

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Chance I am using this, with 3 time periods., 1, 3 & 5. It is good. Would be great if you can add alerts for arrows. Please I do not know how to do this. If you know, or if anyone knows how to add alerts for arrows, please help.
You would need to code a divergence study. I have a very accurate one for Sierra but I haven't and probably won't code one for TOS.
 
Sure. http://tos.mx/FWhBB7E

I got this strategy from Day Trader Rockstar by the way. His youtube channel has some really good videos explaining the strategy. It also incorporates trend lines, which I also use but didn't mention in the first post. I also use standard deviation channels to spot likely reversal areas.
Interesting strategy but I find it to be a risky and dangerous because a lot of times the BUY or SELL arrows disappear on you and leave you wondering what to do next? exit and take the opposite direction?
SO basically with all the appearing then disappearing buy/sell arrows this would be a choppy strategy.
Is there a way to make them stay?
 
Interesting strategy but I find it to be a risky and dangerous because a lot of times the BUY or SELL arrows disappear on you and leave you wondering what to do next? exit and take the opposite direction?
SO basically with all the appearing then disappearing buy/sell arrows this would be a choppy strategy.
Is there a way to make them stay?
I believe that the arrows that appear are from the reversal indicator and have little to do with the method explained in this thread. They don't indicate divergence, just a change in trend, although as you've noted the trend change may be short lived. Just as general advice, it's always ideal to go through every study and understand what each one does and how it calculates its signals. In this case the arrows can be eliminated with no effect on the divergence system, as they don't indicate divergence.
 
I believe that the arrows that appear are from the reversal indicator and have little to do with the method explained in this thread. They don't indicate divergence, just a change in trend, although as you've noted the trend change may be short lived. Just as general advice, it's always ideal to go through every study and understand what each one does and how it calculates its signals. In this case the arrows can be eliminated with no effect on the divergence system, as they don't indicate divergence.
Will do more reading about all the studies involved, thank you so much for your contribution.
 
I believe that the arrows that appear are from the reversal indicator and have little to do with the method explained in this thread. They don't indicate divergence, just a change in trend, although as you've noted the trend change may be short lived. Just as general advice, it's always ideal to go through every study and understand what each one does and how it calculates its signals. In this case the arrows can be eliminated with no effect on the divergence system, as they don't indicate divergence.
I understand the "Trend Reversal Indicator" is only used as a helper, but I find it interesting.
Is there a way to modify the code in TrendReversal to make ALL arrows stay visible regardless if when it's choppy, because for example during live trading hours a down arrow would automatically disappear if the price keeps rising, I need the down arrow to stay visible and a new up arrow is printed. I need to use them (have them all visible) for more investigative/backtesting purposes.
I really appreciate it. I went to the TrendReversal thread but it was closed for new comments.
 
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I understand the "Trend Reversal Indicator" is only used as a helper, but I find it interesting.
Is there a way to modify the code in TrendReversal to make ALL arrows stay visible regardless if when it's choppy, because for example during live trading hours a down arrow would automatically disappear if the price keeps rising, I need the down arrow to stay visible and a new up arrow is printed. I need to use them (have them all visible) for more investigative/backtesting purposes.
I really appreciate it. I went to the TrendReversal thread but it was closed for new comments.
No, it is not possible to modify the code in the Trend Reversal to make all arrows stay visible.
The definition of REPAINTING is that the previous arrows are wiped out. There is no record, there is no way to make a record of those false prophets as the price then dives for the basement. That is why Repainters cannot be backtested.
 
i use Sierra as well for Order Flow. Would u be willing to share this study? i can sent you my Sierra ID
Did you ever receive this divergence study from him? If so I would be willing to try to code it into think script if Sierra allows you to view source code
 
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Please Help creating this Stochastics Divergence In TOS

Not Traditional Divergences from one Cycle Hi/Low to next Cycle Hi/Low. But divergences within same cycle. Below I will explain with Chart pictures Stochastic setting, I want to use are not Traditional Settings. The parameters I use for the Stochastic Indicator are as follows:  %K: 5  %K slowing: 2  %D: 3 And I am mainly concerned about Divergences that may show up between %K & Price within half cycle. Few pics with explanation are enclosed. Please note that these are not "traditional Divergences" from one cycle Hi or Low to the next one. With above settings for Stochastics looking for divergences that occurs within that half cycle while at top or bottom of the range. I think pics are self explanatory. This should also work with other settings of Stochastics Can this be done in TOS?
The fast 5 Bar %K, creates a lot of wiggles at "Over Bought" 80 & Over Sold" 20 areas. I am interested in divergences that from in these half cycles.
 
When the candle turns white what does mean when it is white? I am running this now testing but dont understand the white candle part.
 
When the candle turns white what does mean when it is white? I am running this now testing but dont understand the white candle part.


The white painted candles are from the Mobius Supertrend.

# SUPERTREND BY MOBIUS AND CCI ATR TREND COMBINED INTO ONE CHART INDICATOR, BOTH IN AGREEMENT IS A VERY POWERFUL SIGNAL IF TRENDING. VERY GOOD AT CATCHING REVERSALS. WORKS WELL ON 1 AND 5 MIN CHARTS. PLOT IS THE COMBINATION LOWEST FOR UPTREND AND HIGHEST OF THE DOWNTREND. DOTS COLORED IF BOTH IN AGREEMENT OR GREY IF NOT - 08/10/19 DTE


If downtrending it paints candles red, if uptrending it paints candles green,
no trending, it paints candles white.
AssignPriceColor(if signal1 then Color.red else if Signal2 then Color.green else Color.WHITE);

Read through this long thread about the Mobius's Supertrend to find out more than you ever wanted to know ;)
https://usethinkscript.com/threads/supertrend-cci-atr-trend-for-thinkorswim.1090/
 
Hello. Thanks for this chart setup.
I am getting an (!)error. It says sharedThinkATR : Secondary period cannot be less than primary? It seems like it was working earlier. The rest of the chart works fine, but it is not showing the ATR.
Any suggestions?
 

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