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

[JOSHTHEBANKER]

is there a scanner for this indicator?

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

is there a scanner for this indicator

 

[TechGuy]

Frequently Asked Questions

This post will answer frequently asked questions concerning the Confirmation Trend Chart Style & Indicators.

FAQ 1
Do any of the studies in the confirmation trend chart style repaint?

• Yes. The TS_V9_Filtered study can repaint however is limited to the highest ag setting.

FAQ 2
What version / chart style are you currently using?

• The most recent chart style for the Confirmation Trend Chart Style will replace the link in post 2

FAQ 3
What is the recommended timeframe for using the Confirmation Trend Chart Style?

• The Confirmation Trend Chart Style will work well on any timeframe chart
• Use whichever chart is easiest for you to understand the price action, trend, & indications.

FAQ 4
Is it recommended to use the Confirmation Trend Chart Style with After-hours on or off?

• Whichever you prefer
• Leaving after-hours on can help you determine the strength of a trend or price action at open
• If the overall trend is easier to determine with after-hours off - leave it off

FAQ 5
Will Confirmation Trend Chart Style work for swing trading on the daily chart?

• Yup

FAQ 1.1
Do you day trade / swing trade stocks or options?

• Day trade options relatively close to expiration

Where do I find the most recent script for Confirmation Trend? many thanks in advance for your help.

 

[JCROW]

I apologize if this is answered elsewhere... is there a way to turn off the stop/average price bubbles? I have tried various buttons to no avail. Thank you.

 

[METAL]

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

Can you do me a favor? Can you take a snapshot of the EMAD hL/LH so I may see exactly what you mean. sorry..Thanks

 

[Wockets]

I apologize if this is answered elsewhere... is there a way to turn off the stop/average price bubbles? I have tried various buttons to no avail. Thank you.View attachment 19052

https://imgur.com/a/azidxNq

Here is an easy solution , just change labels on to "No"

 

[Pappu_Pager]

Hello ! This is a wonderful set-up and i have tested it successfully .

How do i get rid of these irritating STOP and Avg. Profit bubbles ?

Thanks.

 

[HODL-Lay-HE-hoo!]

I downloaded your script and have some questions. What history does closed orders refer to? What about Wins, and last signal? I am attaching a few charts. I appreciate all your posted scripts and comments and have downloaded many.

The breakdown of those labels is on page one TS post... how many closed orders is the number of: buys and sells for however long your chart goes back - wins is the % of those buys and sells that were winning trades - the reason for the last trade label is due to the version you are using (TS_V9_Filtered) has 3 aggregations to filter the signals (basically if the lower tf agrees with a higher but more explination on page one) anyway long story short because there are less arrows I added the label as at times it is off screen

 

[HODL-Lay-HE-hoo!]

Hello ! This is a wonderful set-up and i have tested it successfully .

How do i get rid of these irritating STOP and Avg. Profit bubbles ?

Thanks.

View attachment 19119

@JCROW

http://tos.mx/KMZpuo7

added stopbubbles and Avgbubbles and lines to settings (the first four, they are off by default now)

 

[HODL-Lay-HE-hoo!]

Can you do me a favor? Can you take a snapshot of the EMAD hL/LH so I may see exactly what you mean. sorry..Thanks

They are on page one under the "Entry Methods" section but I'll take a few new ones

 

[HODL-Lay-HE-hoo!]

They are on page one under the "Entry Methods" section but I'll take a few new ones

More EMAD entry examples here: https://usethinkscript.com/threads/...-all-be-all-for-thinkorswim.15257/post-125163

Zone entry method (3 step) here https://usethinkscript.com/threads/...-all-be-all-for-thinkorswim.15257/post-125164

Here are some new screenshots for the EMAD entry method:
*** note: orange and green horizontal lines are for long entry
- white and red horizontal lines are for short entry ***

 

[lolreconlol]

Started using this strategy this week and we are 3 for 3 on a avg 7% portfolio gain each day, god bless your soul! I will see how the month ends and tip coming your way

What methods are you using for entry?

 

[HODL-Lay-HE-hoo!]

is there a scanner for this indicator?

is there a scanner for this indicator

which one? Each indicator used is shown individually on page one if you need to reference the name of the study. I personally do not use scans but there are scans for some of them if you let me know which one you are looking for. (ill work on posting some to page 1 soon)

 

[HODL-Lay-HE-hoo!]

What methods are you using for entry?

I think he is referring to the TS_V9_Filtered Study / strategy (the study and all information concerning how it works is on page 1) (the chart style with this strategy included is also on page 1)

 

[iFrostyy]

What methods are you using for entry?

when the 5min buy stop appears on the option contract or wait for HL. I dont use regular charts i only look at option price charts when i trade

 

[FellowTrader]

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.

May i get the chart link please , looks very promising

 

[iFrostyy]

hey buddy ive been pulling my hair out looking for the line that sets the stop labels as yellow, i want to separate the buy and sell stops and make them green and red, if you can help me that would be wonderful


View attachment 19171

Alright this might be impossible but i swear you can find 300%+ gainers weekly if this can be done, i would need a scan that shows when the Stops appear on the 1hr chart

 

[HODL-Lay-HE-hoo!]

More LH HL EMAD entry

 

[HODL-Lay-HE-hoo!]

when the 5min buy stop appears on the option contract or wait for HL. I dont use regular charts i only look at option price charts when i trade

yeah I like to look at both the option and the underlying

 

[HODL-Lay-HE-hoo!]

May i get the chart link please , looks very promising

yes but I will share it in the VIP section and add a link to it here (as it contains a VIP only lower study)

 

[HODL-Lay-HE-hoo!]

yes but I will share it in the VIP section and add a link to it here (as it contains a VIP only lower study)

https://usethinkscript.com/threads/the-confirmation-trend-chart-setup-vip.16186/post-129043