TMO with Higher Agg_Mobius @ TSL

wtf_dude

wtf_dude

Member
@o0oboneheado0o GTC orders can bite you in the ass if they're close to the trading range. Market makers will swipe up your order and go back to the regular range. One of the biggest recommendations I can make if you're doing daily time frames: if you set a stop do NOT place the order in the system, just jot it down somewhere for now. If the market CLOSES below your stop, then sell out the next morning. Otherwise, you're going to get stomped out intraday wayyy too often. As far as buying in, you can basically ignore the first 40-45 minutes of the market trading. At TD, we called it amateur hour.

Your AMC trade with the first hour candle is AWESOME! I was amazed at that run considering their announcement of separating from Universal. Really glad to see them get some steam as I really think theyre undervalued. I live next to a huge AMC theater in LA and even movies at 10am in the morning, sometimes its hard to get a seat with new releases.

Also everybody hates PDT rules (including all the brokerages), that's FINRA and its a crap system designed to "protect investors". I never saw one benefit from it. If people wanna blow up their accounts by being stupid, that's on them. I remember margin depts fighting over who had to make calls to people who were just flagged as PDT. Inevitably they would have to explain the rules to people that had no idea what they were talking about.
 
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BWiz

New member
I have been using and testing this TMO indicator for about a week on both options and futures and have gotten good results from it. I made a couple of scanners for this indicator if anyone is interested in using them. One is for bullish signals and the other is for bearish. You can change the aggregation periods for any other period that you would like to use. Also you can adjust or further filter what stocks or options you would like to see as well to narrow your search results.

http://tos.mx/sNjQEgf <<<<Bearish scanner
http://tos.mx/pdiho0C <<<<Bullish scanner
 
wtf_dude

wtf_dude

Member
well that didn't work out as planned. lol stopped out for 2% overall. The overall market I think took a lot with it early today
Even if you stopped out, I'd keep those on your watchlist just to see how this plays out. The first 2 especially look like theyre forming cups. Set alerts to see if they break the recent highs soon. These 3 might give good hints to how that screener spits out plays for the next month
 
markos

markos

Well-known member
VIP
I have been using and testing this TMO indicator for about a week on both options and futures and have gotten good results from it. I made a couple of scanners for this indicator if anyone is interested in using them. One is for bullish signals and the other is for bearish. You can change the aggregation periods for any other period that you would like to use. Also you can adjust or further filter what stocks or options you would like to see as well to narrow your search results.

http://tos.mx/sNjQEgf <<<<Bearish scanner
http://tos.mx/pdiho0C <<<<Bullish scanner
Hey @BWiz thanks for the scan and welcome to useThinkScript. I was in Theotrade 2016-2017 as well. Also some in 2019. Thanks for your input on Mobius' Theotrade RSI in Laguerre Time. Please take a minute and put the header back in as that is the proper way to code.;) Just place the title and Theotrade at the top and put your initials and date below it. Thanks!
 
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BWiz

New member
@markos, My bad, I didnt pay any attention to the headers when I was modifying the code. I made the update and put the original headers back in.
 
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markos

markos

Well-known member
VIP
@markos, My bad, I didnt pay any attention to the headers when I was modifying the code. I made the update and put the original headers back in.
Thanks @BWiz , I saw the headers. That's all anyone can ask for. :)

I'll put this here for those that don't want to read the whole thread: READ the WHOLE THREAD. (please)
@BenTen and I along with many others have put a lot of time into answering questions and discussing how Laguerre Time Transformation works.
Also, the Tutorials has several articles on the RSI in Laguerre Time. Please look those over.
 
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KKaiser

Member
Hi @markos, from reading your several posts, I believe you are in this game from very long time. I approach you to ask your suggestions regarding day and swing trade. I am very new to trading and learning a lot from you all and after 5 weeks trying several studies, i am totally lost. I do 1-2 trades a week with very little $$ to practice my emotional and physiological attempts towards P/L. I am aware trading is a business like any other and takes time and practice to get good at it. If you could, please guide/suggest me about 1-2 trading strategies/studies and chart set-ups and if I should start doing fancy scanners etc. I appreciate your input very much. Thank you.
 
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akykn

Member
I have been using and testing this TMO indicator for about a week on both options and futures and have gotten good results from it. I made a couple of scanners for this indicator if anyone is interested in using them. One is for bullish signals and the other is for bearish. You can change the aggregation periods for any other period that you would like to use. Also you can adjust or further filter what stocks or options you would like to see as well to narrow your search results.

http://tos.mx/sNjQEgf <<<<Bearish scanner
http://tos.mx/pdiho0C <<<<Bullish scanner
What is your strategy doing options if I may ask? what settings are you using? Thanks
 
markos

markos

Well-known member
VIP
Hi @KKaiser I'm not around much but I'll give some thoughts. Do you know how to read charts? If not, there's plenty of free tutorials out there.
Have you read How to Make Money in Stocks by Wm O'Neil? Stocks or Options interest you more?
Until you know the time frame and the style that fits you, I would only suggest that you trade in PaperMoney and follow 5-6 stocks/ETF's daily.

Know where you will sell before you buy. Have a process. Get to know them and then you may be ready to learn techniques.
Look at a three year chart of FIVN. Study it. Learn from it. Notice how it respects a 200 day SMA?
Ask a specific follow up in the Questions thread & this community will help where it can.

Investing is the worlds greatest video game. It can take years to learn risk management. I along with many others here will tell you that trading and investing is a 90% mental deal. Many Indicators will show you the same thing. Find an indicator here and live with it while, along with 5 or so stocks. After a long while it becomes wash, rinse, repeat! You'll know you've arrived when you blow up a 10k account. Hope that helps get you going.
 
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KKaiser

Member
Dear @markos Thank you very much for your suggestions and advice. I am surprise that so far all the experienced and wise traders like you advised me very similar and simple rules to follow. I will for sure listen to you guys and will make plans accordingly. Wondering why new traders don't follow wise advice just to loose their entire savings blindly.
 
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Robster021

New member
VIP
Good afternoon, does anyone know how to setup the TMO lower script for a Tick chart instead of time based? Thanks
 
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lrc11239

New member
Hey guys thanks so much for what you do! Loving this indicator, still working out the different aggs for me as I use 5 min charts with mostly /NQ..
 
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corolla77

New member
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 ,
Hi Thomas, quick question, TMO-Day should switch to green before TMO-W in order to show a new trend?
 
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BWiz

New member
What is your strategy doing options if I may ask? what settings are you using? Thanks
I use the time frame of 2hr and day. I also filter out the equities that aren't liquid so that I can easily get in and out of positions.
 
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lrc11239

New member
I was inspired by @markos 's overlaying of TMO's under his charts and decided to turn it into a strategy with 4 consecutive time aggregations. To my knowledge even though it is a MTF, signals are set in stone after a a closure on one of the TF's making them all one color. Even though I don't see how repaint is possible the results seem to good to be true though so I have my suspicions. Hopefully this will make up for the Heiken MTF let down :(
I'm posting two things, the strategy which utilizes 4 of these different aggregations as well as a lower study to see the changes and get a better grip on strength of momentum.
From the time I have tested it, it's clearly useful in many ways. It is amazing on every single timeframe I've tested from the 1min,2min,3min,4min setting to the 1d,2d,3d,4d setting. I really encourage you guys to test this and report back. Even though it works well it is simply going off of the change of all 4 TMO's to one color. I have not even experimented with using OB and OS conditions or using less then all 4 to confirm a signal. One thing I can say is that if I we're purely going to trade off of the strategy I'd make the sell condition more sensitive then the buy condition so it would leave trades before opening up new ones in the other direction. I'll hopefully be working along many of you to find the best settings, aggregations, pairings etc for this strategy. One last thing to note is it seems to eat volatility and print out 💸
Make sure if also use the lower study that you match the aggregations on the strategy and the study.
1d,2d,3d,4d Swing Trade Setting
https://tos.mx/cMOF38h
1m,2m,3m,4m Intraday setting
https://tos.mx/5gnsDwm
(Took heavy losses from price changes overnight but still came out with a profit.)
Feel free to change lengths, aggregations, strategy, and more and report back.
Hello - Its works for my pretty well and I use it on /NQ - 1 min chart... small losers and bigger winners.. I can control my risk better on the 1min short time frame.. Also I've been using it on RTH only, I haven't really tried Globex session yet - is it really set up up for after ours??

Many thanks...
 
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lrc11239

New member
@YungTraderFromMontana Hello - thanks for the great work, I really like this strategy. Would you be able to create a strategy with using OB and OS conditions for the 1m,2m,3m,4m?? thanks again!
 
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HighBredCloud

Active member
VIP
@YungTraderFromMontana Hello - thanks for the great work, I really like this strategy. Would you be able to create a strategy with using OB and OS conditions for the 1m,2m,3m,4m?? thanks again!
Everyone is free to trade how they want to...,HOWEVER, Mobius suggest using 5-10 times the current timeframe...The suggestions in the header of the script. IMO 1-4 min is very close...IF you're going to trade such lower timeframes I'd suggest 1, 3, 5 min...There is a TMO MTF version that incorporates 3 timeframes...Use the search to find it. You can also try something like 15 min 5 min and 1 min...Hope this helps.
 
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lrc11239

New member
Everyone is free to trade how they want to...,HOWEVER, Mobius suggest using 5-10 times the current timeframe...The suggestions in the header of the script. IMO 1-4 min is very close...IF you're going to trade such lower timeframes I'd suggest 1, 3, 5 min...There is a TMO MTF version that incorporates 3 timeframes...Use the search to find it. You can also try something like 15 min 5 min and 1 min...Hope this helps.
Great --I actually use a 3min, 4min, 5min, 10min for early in the RTH session... but thank you, I'm trying to find the right combo ...
 

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