@theelderwand i tried to use the scanner but it’s not showing up. Can you show me how ? @BenTen
Thank you for that prompt reply.@betogmgf The solution was provided right above https://usethinkscript.com/threads/trend-reversal-indicator-with-signals-for-thinkorswim.183/post-3925
Hi Zeek, I would appreciate knowing about your back test results on the 3 minute. I like to trade 2 min. ThanksI am currently backtesting this indicator using the On-Demand in TOS and because i mainly trade intraday, i like to use lower timeframes like 1,3 and 5min. From my tests, there are too many false signals on the 1min but the 3&5min actually works better than i expected. Yes, there are false signals but usually only one or two on a bigger move. I really like it on extended moves and gapups in smallcaps. On those, the 3 and 5 works really good.
I prefer this one over the Enhanced Trend Reversal.
Hi @3AMBH Yes, i did try 2min as well but sometimes, it gave almost the same amount of false signals as 1min but other times, it worked much better hardly without any false signals. So that’s when i started using the 3min and this seems to work best with the least false signals if you are into scalping and only trade intraday. 5min is the most reliable but a little too slow for my taste. I do however always have them side by side for confirmation if i have signals on both timeframes.Hi Zeek, I would appreciate knowing about your back test results on the 3 minute. I like to trade 2 min. Thanks
Hola Ben, escribo desde Colombia, agradecido por el valor que ofrece toda la comunidad todos los días, escribo para solicitar a alguien especializado en guiones, me gustaría activar una alerta auditiva cada vez que el indicador de inversión de tendencia activa su señal, alguien podría ayudarme, agradezco sus amables respuestas
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