Repaints Trend Reversal for ThinkorSwim

[Brettser16]

I was wondering if there was a way for this to send me an alert with the bell sound when one stock hits the reversal sign?

 

[Grunt Trader]

Who originally wrote this indicator?

 

[MBF]

I was wondering if there was a way for this to send me an alert with the bell sound when one stock hits the reversal sign?

I think Ben mentioned in another post that the signal is delayed so it wouldn’t be much help. My opinion is I would not walk away from this indicator. You have to look at other signals, volume ... etc.
Look at the signals it gives on the hourly. Notice how the signal will fire for a but but a lot of times the hourly candles will continue to go down. That’s a big step in bravery. I would wait for another signal for confirm or at least wait a few candles to hope on. I won’t reiterate the “hope” line.
Bens hourly AMM and 5 minute Blue I believe is more reliable.

 

[MBF]

I think Ben mentioned in another post that the signal is delayed so it wouldn’t be much help. My opinion is I would not walk away from this indicator. You have to look at other signals, volume ... etc.
Look at the signals it gives on the hourly. Notice how the signal will fire for a buy but a lot of times the hourly candles will continue to go down. That’s a big step in bravery. I would wait for another signal for confirm or at least wait a few candles to hope on. I won’t reiterate the “hope” line.
Bens hourly AMM and 5 minute Blue I believe is more reliable.

What you don’t see on the charts are all the buy and sell reversals that painted and then disappeared.
You really have to work on this indicator.

 

[Brettser16]

@mbfdo you have the script that your talking about Ben's amm and 5min blue? Or a description of it?thank you I appreciate it

 

[Brettser16]

What is the best one that you would recommend? I've also been looking for a good volume indicator that easily understood as to if its buyers and sellers that's winning with the volume

 

[MBF]

@mbfdo you have the script that your talking about Ben's amm and 5min blue? Or a description of it?thank you I appreciate it

@Brettser16 You need to be a VIP member I believe to get those codes. It's a super small fee and so worth it. This is an actual strategy Ben posted in Warehouse (VIP members only) using these two indicators.
I would recommend you get a VIP pass and check out all the indis and thoroughly read the suggested strats with each one. There is even a strat for the Reversal Indi you like so much.
Just you know, be CAREFUL!
Volume, I think there are a ton of volume indi. Go to the mag glass at the top right and type in Volume, check search titles only.

 

[BenTen]

@MBF Thank you for the positive comment about the AMM. Just to clarify for @Brettser16, so he/she doesn't go looking for a signup page. VIP is currently closed for now. It will be back once I'm ready to release version 2.0 of AMM.

 

[MBF]

@MBF Thank you for the positive comment about the AMM. Just to clarify for @Brettser16, so he/she doesn't go looking for a signup page. VIP is currently closed for now. It will be back once I'm ready to release version 2.0 of AMM.

Look forward to taking it for a spin!

 

[Brettser16]

Thank you I appreciate it I would love to join VIP when theres an opening in appreciate all of your hard work put into all of this

 

[horserider]

@Brettser16 Look at this volume indicator and see if you like it.
https://tos.mx/XAumtZA

 

[RPrado]

Thanks @horserider. I like it, and replacing for this one on my charts. Thanks!

 

[Brettser16]

thank you @horserider I am going to try it out

 

[RPrado]

@hurricane5 It's fairly simple to do it. Add the code as an indicator (but do not use it on your chart since it's intended to be used in the Scan tab). Once you have it added, switch over to the Scanner section.

Click on Add Study Filter > Study > type in the name of the indicator > and select upArrow or downArrow.

Like this:

Hi @BenTen . I installed the scanner, and wonder what is the best time-frame to run it. 5 min, 15 min or 1 hr? Thanks.

 

[BenTen]

@RPrado That would be totally up to you. I would recommend trying it out on different timeframes first.

 

[Talochka]

@San

Here you go.



https://tos.mx/K1jtyx

Can you please explain, how to use this indicator?
Thanks

 

[RPrado]

@Brettser16 Look at this volume indicator and see if you like it.
https://tos.mx/XAumtZA

@horserider Would you be kind to help me with some reference documentation on how to interpret the volume indicator? I looked for it, but have not found anything. I think it has great benefit, but would like to understand it better. Thanks,

 

[horserider]

@Brettser16 Not sure what I can add that is not visible by looking at it.

 

[Rojo Grande]

@Azzy19 Add this to the end of the script.

#Alerts
def bullish2 = signal > 0 and signal[1] <= 0;
plot upArrow = bullish2;
upArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upArrow.SetDefaultColor(CreateColor(145, 210, 144));
def bearish2 = signal < 0 and signal[1] >= 0;
plot downArrow = bearish2;
downArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downArrow.SetDefaultColor(CreateColor(255, 15, 10));
Alert(downArrow, " ", Alert.Bar, Sound.Chimes);
Alert(upArrow, " ", Alert.Bar, Sound.Bell);

Is this for the scanner or the study? Thank you BT

 

[Rojo Grande]

@Azzy19 Add this to the end of the script.

#Alerts
def bullish2 = signal > 0 and signal[1] <= 0;
plot upArrow = bullish2;
upArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upArrow.SetDefaultColor(CreateColor(145, 210, 144));
def bearish2 = signal < 0 and signal[1] >= 0;
plot downArrow = bearish2;
downArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downArrow.SetDefaultColor(CreateColor(255, 15, 10));
Alert(downArrow, " ", Alert.Bar, Sound.Chimes);
Alert(upArrow, " ", Alert.Bar, Sound.Bell);

Never mind, been reading too much and starting to lose it. I see it's for the scanner. Thank you.