Repaints Trend Reversal for ThinkorSwim

[markos]

Excellent @GeneHo just be careful for a fake out with the indicator, which happens because it is so fast.

 

[GeneHo]

Thanks @markos for your advise. Yes, we have to be careful to avoid fake out. FYI, I'm using VWAP as 'guideline' . Once the candle crosses VWAP in opposite direction, I will close the position (even with cut-loss).

 

[BenTen]

Working on the Enhanced version of this indicator. Finished the code last night. So far so good. Tried it out for the first time today on UPS and made a quick 10%.

Here are a few more examples.

The new version will still repaint (that's why all the signals above look so good). It will join forces with our Advanced Market Moves indicator. Hopefully that will produce less signals but more reliable.

 

[chenthy]

Nice smart hard job. Cannot wait to evaluate it

 

[8Nick8]

Thanks Ben...looking forward for the combined indicator!

 

[thinky]

Doesn't work intraday (Today), only on 1D time interval (shows on previous day) or more. Supertrend seems to work intraday.

 

[BenTen]

@thinky No reason why it's not working for intraday.

 

[thinky]

@BenTen It shows when using Today:1m or Today:3m, but not Today:5m and up.

 

[BenTen]

@thinky Check other stocks. It's okay for some tickers to not have any signals for today's trading session.

 

[ester]

@BenTen @mc01439 Thank you!! Now I feel more confident when entering a trade

 

[GeneHo]

@BenTen , where can I find the enhanced version? Thanks.

 

[BenTen]

@GeneHo It’s not out yet.

 

[MBF]

@BenTen and @Marcos This was an interesting read today. Ive had this Indi for a while and only really showed promise on the 15 or higher. Interestingly enough I did run into a site where they were selling it for like $300 and then there was another Indi they had for another nutty price. It was a juiced up TTM, called Ready Set Go. They called this one RunforYourLife or something like that. I liked reading this, really cool, good info on the indicator I never truly trusted. Thanks.

 

[BenTen]

Finishing up the enhanced version of this indicator.

Warning: Don't forget this indicator repaint that's why all the signals in this chart look so good. Don't mistake it for the holy grail.

 

[8Nick8]

Finishing up the enhanced version of this indicator.

Warning: Don't forget this indicator repaint that's why all the signals in this chart look so good. Don't mistake it for the holy grail.

Hi Ben, saw this word "repaint" few times, don't quite understand what do you mean by "indicator repaint", do u mind explaining it. thank you

 

[BenTen]

@Nick I already explained it in the original post. Go back to the main page and you should see it right away. Also included a screenshot to help you visualize it.

 

[8Nick8]

@Nick I already explained it in the original post. Go back to the main page and you should see it right away. Also included a screenshot to help you visualize it.

Opps....thanks alot Ben.

 

[Craighaber71]

What are the best RSI Lagurre settings for day trading

 

[markos]

What are the best RSI Lagurre settings for day trading

Hey Craig, we're trying to not let things get scattered. I have answered this in the RSI Laguerre Indicator post. Thanks!

 

[dinodotcom]

@BenTen When working with the trend reversal study, I wonder if there is any way you might be able to keep it from repainting or disappearing?