Trend Reversal Indicator with Signals for ThinkorSwim

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ikpllc

New member
Apologies, if it's somewhere here, but did anybody figure out how to put this into a scan such that we can get an alert when a new up or down trend is detected?
 
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vikram

New member
VIP
Hi BenTen,

Is there a way to get alert message when the trend reverse happens in any of the stocks in watch list ?
 
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Thomas

Active member
Hi BenTen,

Is there a way to get alert message when the trend reverse happens in any of the stocks in watch list ?
You have to read the thread, the entire thread. Would you buy an iPhone without asking if it can make calls?
 
V

vikram

New member
VIP
@Thomas: Sorry for being so stupid. I went through the whole thread and found the following links.

This is from BenTen

This is from Theelderwand

No matter which one I use, I don't get any results for my watch list. I have a BPMX ticker in my watch list, the indicator displays with up arrow in the chart on Friday.

Moreover if I use this shareable links, I don't find the option to add alert code. I found this website very useful, but for a newbie without programming knowledge it seems to be difficult to understand. It would be very helpful if someone can post a video of this scanner with alerts for watch list.
 
camitos

camitos

Member
I like to see how much of the volume was buying and how much selling. Yes the candles will repaint if the highs and lows are exceeded. That is why I wait for confirmation before entering.
Best advice I can give is keep it simple. I've been at this a long time and gone through a plethora of different things and in the end it's back to simple that works best for me.
Hi I see this awesome confirmation (as per your strat) on UAVS I'll be watching this Monday PM
But was wondering what you meant by "once in the trade the risk is low"? i.e. once the confirmation is there and you wait a few more candles right?
 
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gostaring

New member
I am trying to transform this study and scan into a conditional (auto) order. I know that backtesting may be misleading because of repainting. But still the results I got are amazing. However, the problem with making a conditional order is that ToS does not recognize the two operators in the script (this is not a problem as a study or strategy though): (1) CompoundValue and (2) BarNumber().

Trend_Reveral_Strategy()."upArrow" is true within 2 bars

"error processing referenced script Trend_Reveral_Strategy: No such function: CompoundValue at 1:1"

Can somebody test if a conditional order can be made using the same script?
 
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Thomas

Active member
@Thomas: Sorry for being so stupid. I went through the whole thread and found the following links.

This is from BenTen

This is from Theelderwand

No matter which one I use, I don't get any results for my watch list. I have a BPMX ticker in my watch list, the indicator displays with up arrow in the chart on Friday.

Moreover if I use this shareable links, I don't find the option to add alert code. I found this website very useful, but for a newbie without programming knowledge it seems to be difficult to understand. It would be very helpful if someone can post a video of this scanner with alerts for watch list.
The indicator doesn't work, but I don't know why it hasn't been removed. It redraws entries and exits with each candle.....looks nice but......
 
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Thomas

Active member
Hi I see this awesome confirmation (as per your strat) on UAVS I'll be watching this Monday PM
But was wondering what you meant by "once in the trade the risk is low"? i.e. once the confirmation is there and you wait a few more candles right?
Study the cyan candle,....if you place a line in the middle of the candle, it maybe your entry, at the top of the body, it may be an entry with the stop at bottom of candle, disregard the wicks,...use body, but draw a line an alert line and study price action what happens next. Concentrate on price, the candles, not indicators....look for a flag pattern,...read Bulkowski and flag patterns......
 
camitos

camitos

Member
Study the cyan candle,....if you place a line in the middle of the candle, it maybe your entry, at the top of the body, it may be an entry with the stop at bottom of candle, disregard the wicks,...use body, but draw a line an alert line and study price action what happens next. Concentrate on price, the candles, not indicators....look for a flag pattern,...read Bulkowski and flag patterns......
I figure you mean a horizontal line in the middle of the cyan body right? Well I've been making notes of each candle appearance (when I catch them anyway), they repaint quite a bit. I have yet to observe the enhanced one but it'll repaint too so I'm not sure how much difference it'll make.
I do have to learn more about flag patterns I'll look that Bulkowski one up! I've learned some candle signs though like it seems most cyan candles are hammers of some sort.
 
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Thomas

Active member
I figure you mean a horizontal line in the middle of the cyan body right? Well I've been making notes of each candle appearance (when I catch them anyway), they repaint quite a bit. I have yet to observe the enhanced one but it'll repaint too so I'm not sure how much difference it'll make.
I do have to learn more about flag patterns I'll look that Bulkowski one up! I've learned some candle signs though like it seems most cyan candles are hammers of some sort.
I wrote out how price action, Hi_Low colored candles, and the chart I shared with you could have been used........I use a form of chart, maybe an indicator on bottom, but mainly it's all about the set up, I scan for these set ups, elbow grease through charts, then place alerts, manage trades I have open, and add to or take profits.......
 
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Thomas

Active member
@Thomas: Sorry for being so stupid. I went through the whole thread and found the following links.

This is from BenTen

This is from Theelderwand

No matter which one I use, I don't get any results for my watch list. I have a BPMX ticker in my watch list, the indicator displays with up arrow in the chart on Friday.

Moreover if I use this shareable links, I don't find the option to add alert code. I found this website very useful, but for a newbie without programming knowledge it seems to be difficult to understand. It would be very helpful if someone can post a video of this scanner with alerts for watch list.
I found several threads stating this fantastic indicator was a waste of time, too bad, maybe it should be removed? But, I'm sure someone will arrive with a fix? I didn't mention anything about intelligence BTW.
 
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Thomas

Active member
Take as long as you need I appreciate you even helping!
I added the Momo - adjusted to 15, 6, 3 - but the long trend reversal arrow had already appeared eod like you said... you mean you're waiting for a short entry? Also your black arrow is that another trend reversal arrow?
Nice chart posted here BTW....
 
camitos

camitos

Member
I wrote out how price action, Hi_Low colored candles, and the chart I shared with you could have been used........I use a form of chart, maybe an indicator on bottom, but mainly it's all about the set up, I scan for these set ups, elbow grease through charts, then place alerts, manage trades I have open, and add to or take profits.......
Oh okay sorry what stock is yours?
I realize that the trend reversal arrows hardly show stop lines for long arrows but tend to for short ones. I can just use the end of the previous bullish wick as the stop like the red arrows do.



May I ask where you got those alert lines? Did you draw them yourself?
 
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Thomas

Active member
Oh okay sorry what stock is yours?
I realize that the trend reversal arrows hardly show stop lines for long arrows but tend to for short ones. I can just use the end of the previous bullish wick as the stop like the red arrows do.



May I ask where you got those alert lines? Did you draw them yourself?
The alert lines are mine, I go through charts, look for set ups, then place alert lines for possible buy. The chart specifically an example of the use of the Hi_Low cyan, magenta candles, and the reversal indicator that doesn't work. Maybe it works, maybe not, but still I can get a nice heads up with the candles, they work. This chart example here is nice, seems the indicator lower does a nice red to green buy,...but alert lines off cyan, magenta candles a big plus.....
 
tenacity11

tenacity11

Active member
2019 Donor
Take as long as you need I appreciate you even helping!
I added the Momo - adjusted to 15, 6, 3 - but the long trend reversal arrow had already appeared eod like you said... you mean you're waiting for a short entry? Also your black arrow is that another trend reversal arrow?
At this point it would be looking for another long entry
 

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