Repaints Trend Reversal for ThinkorSwim

[tomsk]

@BenTen You are absolutely right given the underlying logic of that study. In some simpler studies MTF may be possible but this particular one does not fall within that camp

 

[Dixon72]

@BenTen @tomsk Gotcha. I tried quickly adding a different aggregation period and label, but no dice. Thanks for checking it out.

 

[BenTen]

@Dixon72 Glad you made an attempt. But yeah, this one is not easy to work with.

 

[Dixon72]

@BenTen I read somewhere in the Trend Reversal thread that an AMM version exists somewhere. Is it in the warehouse and I'm just not seeing it?

 

[BenTen]

@Dixon72 Here is the "enhanced" version (without AMM because the indicator is not available at the moment) https://usethinkscript.com/threads/enhanced-trend-reversal-indicator-for-thinkorswim.393/

This is just my attempt to increase the accuracy of the signal, but that does not mean it will not repaint. So I wasn't able to measure the improvement. I would stay away from anything that repaint altogether.

 

[cs-tos]

Hello I’m very new to the forum. Just want to know where I could find the meaning of these acronyms such as ORH, RO etc to help me understand better. Thank you all.

 

[MBF]

@cs-tos Not sure, you can google Day trading acronyms or trading acronyms.
I couldn't find an end-all site for you that had everything. If you have trouble on the site with verbiage, just ask here. Someone will answer and I will definitely try.
So.
I believe what we have above is:
ORH - Opening Range High - used as resistance then support.
RO - Range Open? Not sure about this one as it's usually used as OR. That's what I think it is.
Try it in the sentence you saw it in and see if it makes sense with what the sentence is referring to.
Oh! And Welcome!

 

[markos]

RO is either Risk On or / and Risk Off, look at the code, there may be an explanation in there.

 

[MBF]

RO is either Risk On or / and Risk Off, look at the code, there may be an explanation in there.

Thanks Markos! Wasn't sure about that last one.

 

[tomsk]

RO is either Risk On or / and Risk Off, look at the code, there may be an explanation in there.

@markos The acronym RO is the Risk Off Target. This is your first target at which point you will take part of your trade off and set your stop at or just above entry so that the trade is profitable.

 

[MBF]

@markos The acronym RO is the Risk Off Target. This is your first target at which point you will take part of your trade off and set your stop at or just above entry so that the trade is profitable.

I learn a hundred things everyday

 

[markos]

@tomsk thanks for the correction, that's what I get for not actually looking it up! The important thing for people to realize is that they should have 2 contracts so they can take risk off by covering 1 and set the position so that it is profitable.
I don't trade the ORB, not my time frame. Just trying to remember some of the things that Mobius has told JQ and others.

 

[tomsk]

Hey no worries, you were just right there. I'm just placing additional info in case some others were not sure what that meant.
You're right about that multiple contracts.

 

[cs-tos]

@MBF thank you so much! I have been googling these acronyms but could not find it. This explains it Thank you for welcoming me.

 

[HighNDryTrader]

Is there a way to add alerts like a ring or ding when this triggers? I have set them up but they are not working.

 

[markos]

Is there a way to add alerts like a ring or ding when this triggers? I have set them up but they are not working.

@HighNDryTrader Please post the code and a picture of the study you are referring to as there are a few mentioned in this post. Thx

 

[HighNDryTrader]

@HighNDryTrader Please post the code and a picture of the study you are referring to as there are a few mentioned in this post. Thx

Sorry should have done this the 1st time. https://tos.mx/vlVadom

 

[tomsk]

Is there a way to add alerts like a ring or ding when this triggers? I have set them up but they are not working.

Sorry should have done this the 1st time. https://tos.mx/vlVadom

@HighNDryTrader I have previously written about this, read post # 385 above. Here's a link

https://usethinkscript.com/threads/...ignals-for-thinkorswim.183/page-20#post-10073

 

[SleepyZ]

@HighNDryTrader
Add these to the bottom of the script to create the alerts that I think you are wanting

alert(bullish2[1], "Bull", Alert.BAR, Sound.Ring);
alert(bearish2[1], "Bear", Alert.BAR, Sound.Ding);

 

[markos]

@HighNDryTrader
Add these to the bottom of the script to create the alerts that I think you are wanting

alert(bullish2[1], "Bull", Alert.BAR, Sound.Ring);
alert(bearish2[1], "Bear", Alert.BAR, Sound.Ding);

@BLT Welcome to useThinkScript! Happy that you are lending your experience to this excellent website.