The Confirmation Trend Chart Setup | The End All Be All | For ThinkOrSwim

[HODL-Lay-HE-hoo!]

@HODL-Lay-HE-hoo!
Hi, is there a quick way to display C3_Max_Spark_Filtered like yours on pg1? I pasted the script but there are about 7-9 moving avg lines on the chart. Is there a quick way to turn those off in the settings besides going to each AvgExp... item individually and turning off its "show" setting at the bottom of the config settings? Thanks in advance, really like your mods and appreciate all your coding time and effort!!!

Hey sorry just saw your comment. Yes I will remove them in short order. I do not use them not sure why I left them in the code.

 

[HODL-Lay-HE-hoo!]

Hey Hod, May be a dumb question but when you say wait for LH or HL in the EMAD, Do you mean in the EMAD or on the chart, look for at the LH/HL?

Correct. Look for the EMAD EMAs to make a LH HL not the upper chart candles.

 

[PowrEng_65]

Hello,

What exactly is candle wrapping?

 

[TechGuy]

Current chart style(s)

Confirmation Trend | The End All Be All | Chart Style - https://tos.mx/yioyc2k (Link posted 5/11/23) (note: there are two separate TS_V9 versions in the style above - TS Spark Filter cannot repaint and is single aggregation - TS filtered re paint is possible but limited to a few bars (as explained in the TS study post)
New link with stiffness clouds - http://tos.mx/Sy7Cnm9

View attachment 18465

can you post the script? I try to import and it doesn't work! Many thanks

 

[Jae]

Two questions.
1. What do the blue candles signify?
2. Do you have the code to add this as a strategy that can be backtested in ThinkorSwim?

Thank you!

 

[HODL-Lay-HE-hoo!]

Hello,

What exactly is candle wrapping?

Here you go: https://usethinkscript.com/threads/...-all-be-all-for-thinkorswim.15257/post-124230

Wrapping is the “beginning of the overbought / oversold zone” the need to know is this: do not trade against the trend while wrapping as the trend is strong.

 

[HODL-Lay-HE-hoo!]

Two questions.
1. What do the blue candles signify?
2. Do you have the code to add this as a strategy that can be backtested in ThinkorSwim?

Thank you!

https://usethinkscript.com/threads/...-all-be-all-for-thinkorswim.15257/post-124232

It is Vix Alert4 from “Williams Vix Fix” which measures the volatility of individual stocks and indicates extremes. The altert4 is one of the extremes. In my experience it is only used to indicate a reversal to the upside. I do not have a strategy code for this but I am currently working on using it as a filter for a strategy but not finished. Still working nights unfortunately.

But Vix alert4 is a great indication in context of price action and levels.

 

[joehanus18]

Just made my first couple of trades using your TS_V9_Spark_Filter setup on the daily timeframe and they were successful, thank you! I was wondering if you've tried or think it would be worth it to make a watchlist for "candle-wrapping."

 

[HODL-Lay-HE-hoo!]

Just made my first couple of trades using your TS_V9_Spark_Filter setup on the daily timeframe and they were successful, thank you! I was wondering if you've tried or think it would be worth it to make a watchlist for "candle-wrapping."

Nice! if you load the newest link on page one it has the "subject to repaint" label for signals plotting based on a higher TF though the label is not functioning exactly as intended yet. Also has the avg lines etc.

I would love to have a wrapping wl column... unfortunately it is proving extremely difficult if not impossible I have been trying to figure it out on and off for a while with no real progress. But when I do I will certainly post it.

 

[HODL-Lay-HE-hoo!]

If I can get out of working nights at some point I will attempt to add an indication possibly for a watchlist that indicates when the zones overlap or when a zone crosses below and above the opposite zone...? hmmm... (gray circle)

Also the green and red line added over EMAD is https://usethinkscript.com/threads/dashboard-atr-trailing-stop-for-thinkorswim.9375/post-85061 which is essentially the TS strategy as a line which I set to 11 and 2.2 to show the entry’s and exits without all the arrows… testing it’s usefulness - I also posted on the thread link above an MTF version to test atr period and atr factor settings.

 

[Blaez]

Just came across this. Going to load it up tonight and start to checking it out. Thank you for sharing. Many great things in here.

 

[zencatt]

Hi @HODL-Lay-HE-hoo!

I love this chart and look forward to using it daily. I have a few questions regarding the price bubble on the side not showing the current price but instead showing the top (of green) or bottom (of red) of the current candle body. Is this intentional?

Also, the Horserider_v1 doesn't appear to work on tick charts, correct?

Finally, can you explain the top bubbles: MAMA, Closed Orders, WINS? (How can I automate the trading?)

Thank you for making this wonderful chart setup.

 

[merc2226]

I have been searching and can’t find it, is there an alert or an arrow that can go on the chart when the emad crosses the 0 line, down arrow if down and up arrow if up?

 

[HODL-Lay-HE-hoo!]

I have been searching and can’t find it, is there an alert or an arrow that can go on the chart when the emad crosses the 0 line, down arrow if down and up arrow if up?

There is no such arrow at the moment. I can add it for you when I get time. I have a watchlist column for crossing the zero line etc. I will share when I get to my computer.

 

[HODL-Lay-HE-hoo!]

Hi @HODL-Lay-HE-hoo!

I love this chart and look forward to using it daily. I have a few questions regarding the price bubble on the side not showing the current price but instead showing the top (of green) or bottom (of red) of the current candle body. Is this intentional?

Also, the Horserider_v1 doesn't appear to work on tick charts, correct?

Finally, can you explain the top bubbles: MAMA, Closed Orders, WINS? (How can I automate the trading?)

Thank you for making this wonderful chart setup.

Hmmm I’ll have to look into the price bubble. I don’t think Horserider works on tick.

Label information in screenshots https://usethinkscript.com/threads/...-all-be-all-for-thinkorswim.15257/post-124250

 

[supersix4]

Thank you for the end all be all, it really is a great tool. One question, how do I get only an alert for when the green or red circles appear?

 

[HODL-Lay-HE-hoo!]

Just came across this. Going to load it up tonight and start to checking it out. Thank you for sharing. Many great things in here.

Awesome. Just be aware of repaint… only the cyan arrows (TS filtered) can repaint read the conditions on page 1. The highest aggregation is 2 aggregations higher than the chart you are looking at thus that this the max amount of time a signal is subject to repaint… however not all are filtered based on the highest aggregation.

 

[HODL-Lay-HE-hoo!]

Thank you for the end all be all, it really is a great tool. One question, how do I get only an alert for when the green or red circles appear?

Add this code:

Input useAlerts3x = yes;
Alert(ExtremeBuy and useAlerts3x, "Buy Signal", Alert.BAR, Sound.Ding);
Alert(RegularBuy and useAlerts3x, "Buy Signal", Alert.BAR, Sound.Ding);
Alert(ExtremeSell and useAlerts3x, "Sell Signal", Alert.BAR, Sound.Ding);
Alert(RegularSell and useAlerts3x, "Sell Signal", Alert.BAR, Sound.Ding);

 

[HODL-Lay-HE-hoo!]

Hello good people... Been trading futures lately on the 1 min chart using ATR Dashboard with 10 aggregations (gotta be VIP cannot share)... I have tried many MTF studies that lag like crazy and this one I do not even notice lag. Also while it certainly can repaint I have not noticed it... at least not near enough to give me a false alarm if that makes sense as there are other TFs to confirm. you will notice TS_V9 is not on this chart ase the ATR lower is similar but does not clutter the chart (if i were to use it in a similar manner, not to mention all the awesome features for the lables and levels etc. would cause lag like crazy with so many aggregations)... That being said GO VIP PEOPLE also I am Still a TS_V9 fan boy.

Also as noted in the image below EMAD entry method, Vix Alert, Key Levels, Previous OB OS levels, Wrapping, and HR Volume... all killing it. Also (i left out notations on the chart for this) Big7 gray candles to alert a potential reversal and the white arrows filtered by TMO...beautiful.

 

[Charlotte]

DISCLAIMER: Part of this strategy uses an MTF indicators (multi-timeframe). You will see the MTF signals repaint until the higher timeframe candle closes.

Introduction to thread

Good people, welcome. The goal of this thread is to provide basic and detailed information concerning chart style(s) and studies modified by yours truly as seen previously in the Confirmation Candles thread authored by the legend @Christopher84. I will post any future modifications, study variations, screenshots, and answer any and all relevant questions from this thread. Thus, our journey down the rabbit hole continues!

Disclaimer: There is no end all be all indicator that will replace the need for risk management. If you do not manage your risk your account will be destroyed sooner or later… Good day.

Jump to post…

Current Chart Style (#2) - https://usethinkscript.com/threads/the-confirmation-trend-chart-setup-for-thinkorswim.15257/post-124229

Chart Style General Information (#3) - https://usethinkscript.com/threads/the-confirmation-trend-chart-setup-for-thinkorswim.15257/post-124250

Frequently Asked Questions (#10) - https://usethinkscript.com/threads/the-confirmation-trend-chart-setup-for-thinkorswim.15257/post-124251

I am very confused. I would like to have this indicator with the indicators you are showing in this post. I have uploaded 4 sets of codes and I am getting bits and pieces of the indicators on the charts. Do you have code that will give me most of the chart indicators?