TMO with Higher Agg_Mobius @ TSL

[Thomas]

I happed to watch that video last night, amazing!

Check out Stockbee, I found him 10 years ago after reading of his process in the "StockTwit" book on trader set ups, read through his blog articles, all if you can binge,......and many of Doug's videos,....RightwayOptions....

 

[ezrollin]

I cant wait to watch those videos you recommended!

dude, Lord Mitch Ray on youtube. Even though he mostly does crypto, hes a TA king.
I've learned some good stuff from him!

 

[Trader Raider]

This is my main chart set up, without TMO,.....Markos, I thought I would try your Laguerre as main indicator, otherwise I use price as you can see and one last item, my lightbulb, once I viewed a video a few years back, it was my lightbulb,........I literally almost cried as the concept was so simple, my education, although Stockbee is my other guru ,

Thanks for posting that vid, Thomas. I've been using Mobius pivots on a short time frame to confirm end of pullbacks and resumption of trend. This method looks like it'll give me more entry points.

 

[Thomas]

I cant wait to watch those videos you recommended!

dude, Lord Mitch Ray on youtube. Even though he mostly does crypto, hes a TA king.
I've learned some good stuff from him!

It's sir,.......but be enthusiastic, and if you find something you understand, use it if it works until it doesn't

 

[Thomas]

Thanks for posting that vid, Thomas. I've been using Mobius pivots on a short time frame to confirm end of pullbacks and resumption of trend. This method looks like it'll give me more entry points.

Trader, this is a simple, lifetime trading method, nothing to change but identify the buy point, when the indicators are correct, size matters in making a great change to your account. Share your pivot, I may have added it, but,......visually identify without.

 

[Thomas]

Will watch some of the videos , thanks for suggestion Mitch Ray

 

[Trading51]

I use a separate daily and weekly lower study with this below. It has served me better than most indicators I have tried over the past 20 years or more.

OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius
Archive Section: Momentum 
Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius 
Archive Date: 5.15.2018 
Archive Notes:  
08:43 Mobius: Well give it a few days to get altered, munched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it. 
08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 times higher. 
"" indicates an addition or adjustment by the OneNote Archivist 
Original Code Follows 

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation
# Mobius
# V01.05.2018
#hint: TMO calculates momentum using the DELTA of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.

declare Lower;

input length = 14;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.Fifteen_min;

def o = open(period = agg);
def c = close(period = agg);
def data = fold i = 0 to length
           with s
           do s + (if c > getValue(o, i)
                   then 1
                   else if c < getValue(o, i)
                        then - 1
                        else 0);
def EMA5 = ExpAverage(data, calcLength);
plot Main = ExpAverage(EMA5, smoothLength);
plot Signal = ExpAverage(Main, smoothLength);
     Main.AssignValueColor(if Main > Signal
                           then color.green
                           else color.red);
     Signal.AssignValueColor(if Main > Signal
                             then color.green
                             else color.red);
     Signal.HideBubble();
     Signal.HideTitle();
addCloud(Main, Signal, color.green, color.red);
plot zero = if isNaN(c) then double.nan else 0;
     zero.SetDefaultColor(Color.gray);
     zero.hideBubble();
     zero.hideTitle();
plot ob = if isNaN(c) then double.nan else round(length * .7);
     ob.SetDefaultColor(Color.gray);
     ob.HideBubble();
     ob.HideTitle();
plot os = if isNaN(c) then double.nan else -round(length * .7);
     os.SetDefaultColor(Color.gray);
     os.HideBubble();
     os.HideTitle();
addCloud(ob, length, color.light_red, color.light_red, no);
addCloud(-length, os, color.light_green, color.light_green);
# End Code TMO with Higher Aggregation

@Marcos you mentioned only focus on polarity but being that the zero line is there is there any significance at all ?

 

[Thomas]

@Marcos you mentioned only focus on polarity but being that the zero line is there is there any significance at all ?

Add this Fisher to a TMO/Weekly,..............https://tos.mx/QFWqPYv,..............TMO-MTF https://tos.mx/jmkQfPQ

 

[3AMBH]

This is my main chart set up, without TMO,.....Markos, I thought I would try your Laguerre as main indicator, otherwise I use price as you can see and one last item, my lightbulb, once I viewed a video a few years back, it was my lightbulb,........I literally almost cried as the concept was so simple, my education, although Stockbee is my other guru ,

Thank you for posting this video

 

[o0oboneheado0o]

Thank you so much for this! I just joined the other night and there is so much knowledge here. I set up three different bands of the TMO and it appears very very interesting. On a 1 hour chart I am using the following TMO bands: 2hr,4hr, and Day. Thoughts? how would I back test this to see its ability on the following conditions?:

1. all 3 bands compressed together below 10%
2. Then buy on a 2hr band break (turning green) of the 10% level going upward
3. once its crossed above 90%, sell on 2hr band break (turning red) after its went over and then below 90%
OR
4. sell on a 2hr band break turning red and moving below the 4hr band.

I hope this makes sense, but in looking at various charts on this 1 hour time frame appears to offer some nice swing trades with this indicator. And obviously I would not just use this for Buy/Sell, I'm price action confluence guy and am just curious on thoughts that it may offer some serious confirmation and edge.

Thanks guys, I'm very glad to have found you guys...

 

[3AMBH]

A chart would be good. Thanks

 

[o0oboneheado0o]

A chart would be good. Thanks

This is probably not the best chart to show it on... red line = buy, yellow line = sell. I also took out the 4hr TMO just for a little clarity. When I do include the 4hr TMO I basically just see that it could provide a better overall trend direction type read for the 2 to 4 day swing trades that I like to do. For some reason it wouldn't let me insert the photo with a link so I had to place it in here like this...

https://imgur.com/qMoSqQd

 

[Thomas]

This is probably not the best chart to show it on... red line = buy, yellow line = sell. I also took out the 4hr TMO just for a little clarity. When I do include the 4hr TMO I basically just see that it could provide a better overall trend direction type read for the 2 to 4 day swing trades that I like to do. For some reason it wouldn't let me insert the photo with a link so I had to place it in here like this...

https://pg14pg.by.files.1drv.com/y4...qUGjX1Ww?width=1903&height=1019&cropmode=none

Try IMGUR for screen capture....

 

[o0oboneheado0o]

Ok so my first assumption in using the TMO was pretty premature but and not too refined. I have been playing with it quite a bit the last few days and feel like I have found what works really well for me and my style... I trade using a 1 minute chart for intraday and swing entries, then I use a 1 hour chart for any quick swings (2-4 days) or long term entries and then I use my 1 day chart for my long term holds. I'm basically using 4 TMO bands per timeframe and I think I may have found a pretty good array which shows (in order) #1) entry, #2) move confirmation, #3) underlying trend and #4) longer term confirmation of the underlying trend. I also threw in the standard ATR trailing stop on the charts as well so I could use that as an exit if the TMO was showing mixed signals. Another thing I'm experimenting with is that I added the TTM squeeze and gutted everything except for the zero line to show confirmation of potential runs and to act as a center-line for the TMO array as well. I ran with this today and totally killed it (almost a 45% day). Here are some pics of what I'm using.

https://imgur.com/7EqckMw

TMO setup for Long term investing (1 day chart/ TMO 2day, TMO 3day, TMO Week, TMO Month)
-Notice the TMO month band acting as support and remains green with all the chop above it and coming down through it only to continue trending upward just like the chart. Basically it feels like even if the 4th (longest term) band is green and holding near the top, still appears to offer some opportunity as the short term bands scoop down for another run.

https://imgur.com/UBSwLAu

TMO setup for short swing trades (1 hour chart/ TMO 1hour, TMO 2hour, TMO 4hour, TMO 1day)
-Again, the long term band shows confirmation of the developing trend allowing for more opportunities as the short term bands reset as the long term trend shows as still in tact. One additional thing i've noticed is that width of the bands from each other on accent may prove to be useful info. For instance in this photo you can see that the first white circle shows all 4 TMO's turning green consecutively, while the last white circle shows all lines stacking on eachother while turning green. I saw this a bunch today and am thinking that when they form consecutively, it may indicate a more gradual slope, whil stacking on eachother appears to indicate more of a volatile move. I'm not sure though, it's gonna take a little more time with it.

https://imgur.com/xSmajFZ

TMO setup for Intraday trades (1 minute chart/ TMO 2min, TMO 5min, TMO 10min, TMO 15min)
-Once again you can see how the long term band shows conviction in the initial move and that the bands appear stacked so yes the move was a pretty wild one. As stated earlier, by adding in the ATR trailing stop it can be utilized as shown in the picture for an exit when the TMO's just aren't clear enough to make a good decision. Today I was using an OCO bracket with a trailing stop and just felt like I was cheating or something.

Again thanks for allowing me to join you guys and learn from you, and thank you for the TMO. I think this is the edge I've been looking for.

 

[Thomas]

Good concept here,....don't stop using it, you need to understand it inside and out.

 

[o0oboneheado0o]

In trying to put together a scanner that shows names with all TMO's compressing and heading upwards, With my VERY limited knowledge, this is as far as i've been able to get with it. most versions of the scanner did not return much results but this one I think I might have found a sweet spot... PLEASE if anyone has any ideas to show names where all TMO's are scooping (turning green from the bottom up) together (or consecutively) please feel free to let me know cause i'm actually pretty frustrated with this since either the previous version would show too few results or show the signal had appeared 3-5 days prior... Here's the scanner:

https://tos.mx/eE5Lpm1

 

[o0oboneheado0o]

I didn't post this yesterday due to time, but here are the results from the first scan that was ran from the scan above. I placed a priceline at the current price and a time line to show when the stock hit the scanner. Its a 1 year 1 day chart and every few days i'll take another screenshot and post it for a quick progress update.

 

[o0oboneheado0o]

So after checking back 2 weeks later on the names in my post above, i found that all but one of the test names did very well and all together had a 15% return. Not a scientific test by any stretch considering various differences between the names such as avg volume, sector, price entry, etc but damn the TMO appears (at least in this case) to show some serious promise at possible trend prediction. With some tweaking on entry and stock selection, i think i can do some serious and consistent damage... here's an updated screen shot of the same stocks 2 weeks later.

https://imgur.com/BEDKzKF

 

[o0oboneheado0o]

I'm not a big fan of counter-trend trading, but this weeks TMO scan shows some interesting charts for the upcoming week(s). And a few of them appear to be currently bouncing off the 34ema on the 15 minute chart (and above the 90 period rolling VWAP) which is something I look for for an entry. I might just pull the trigger and throw a little $$$ at each of them and put some skin in the game... The tickers that hit the scanner are USAK, RDI, RLH, UPWK, PRGX, WES, and WATT. I'm anxious to see what happens in the coming week...

 

[Thomas]

I'm not a big fan of counter-trend trading, but this weeks TMO scan shows some interesting charts for the upcoming week(s). And a few of them appear to be currently bouncing off the 34ema on the 15 minute chart (and above the 90 period rolling VWAP) which is something I look for for an entry. I might just pull the trigger and throw a little $$$ at each of them and put some skin in the game... The tickers that hit the scanner are USAK, RDI, RLH, UPWK, PRGX, WES, and WATT. I'm anxious to see what happens in the coming week...

Add this formula to your scan, it will weed out junk, if it comes up blank, means nothing has momentum from the scan.....average(close,7)/average(close,65) >= 1.05