Trust The Levels - Trade Options In ThinkOrSwim

[METAL]

Trades today: I only took 3 Trades. Should have stopped after the first two as the profits were enough. The SPX trade just looked to good to not try it.
MU -

 

[Juno (Best Day EVER)]

this is cool. i have been using the lrc line on different timelines and LOVE it but I am not anchored timewise. For futures what should the start time be? awesome discovery. kudos and all gratitude. keep sharing and updated have poured over your screenshots descriptions and videos.

 

[Juno (Best Day EVER)]

I thought of a question you are tracking the 20 50 and 200 EMAs to guide entry.

Did you trade spy at 9:50

I had an idea to make you a label for your entry trigger. I am trading the LRC also- so this model is very fun for me. I trade futures. My friend Guava helped me polish it up syntax-wise... trigger 1= your risky entry (close >20EMA and <200 EMA for bull and opposite for bear.) trigger 2 is the safe entry (close > both 20 and 200 for bull) or the reverse for bear. Going to work on adding crossing the LRC lines- they are red and green to show direction.

I added a stacked emas (20/50/200) on the daily label as I like to trade the cantilever of the daily against the smaller timelines in futures. I would prob add an adx label as well.

http://tos.mx/!XhA7mVga entry trigger label (UPDATED!)
http://tos.mx/!giPE8JDb daily 20/50/200 stacked emas label
http://tos.mx/na9nCSA the chart in the picture

With this ticker and daily stacked Bull EMAs - I'd be looking at the LRC channel lines andkeeping an eye for adx/dmi to line up for upside on the hourly and seek 2m long/green triggers for entry.

Will work on adding close crossing the lines - I am not a coder- so bear with me...

https://imgur.com/a/OAPg087

Here is updated code for the trigger label it is working perfectly now..
#2m trigger Label for Metal's entry in LRC scalp model

def stackedPositive = expAverage(close(period=aggregationPeriod.day),20) > expAverage(close(period=aggregationPeriod.day),50) and expAverage(close(period=aggregationPeriod.day),200) ;

def stackedNegative = expAverage(close(period=aggregationPeriod.day),20) < expAverage(close(period=aggregationPeriod.day),50) and expAverage(close(period=aggregationPeriod.day),200);

addLabel(yes, "20/50/200 D Stacked", if stackedPositive then color.green else if stackedNegative then color.red else color.gray);

 

[rfb]

I thought of a question you are tracking the 20 50 and 200 EMAs to guide entry.

I had an idea to make you a label for your entry trigger. I am trading the LRC also- so this model is very fun for me. I trade futures. My friend Guava helped me polish it up syntax-wise... trigger 1= your risky entry (close >20EMA and <200 EMA for bull and opposite for bear.) trigger 2 is the safe entry (close > both 20 and 200 for bull) or the reverse for bear. Going to work on adding crossing the LRC lines- they are red and green to show direction.

I added a stacked emas (20/50/200) on the daily label as I like to trade the cantilever of the daily against the smaller timelines in futures. I would prob add an adx label as well.

http://tos.mx/8bzhXNa entry trigger label
http://tos.mx/5Y1UQ6K daily 20/50/200 stacked emas label
http://tos.mx/na9nCSA the chart in the picture

With this ticker and daily stacked Bull EMAs - I'd be looking at the LRC channel lines andkeeping an eye for adx/dmi to line up for upside on the hourly and seek 2m long/green triggers for entry.

Will work on adding close crossing the lines - I am not a coder- so bear with me...

https://imgur.com/a/OAPg087

Nice additions, but please check your first 2 links. They appear to be the same when loaded. Thanks!

 

[METAL]

I thought of a question you are tracking the 20 50 and 200 EMAs to guide entry.

I had an idea to make you a label for your entry trigger. I am trading the LRC also- so this model is very fun for me. I trade futures. My friend Guava helped me polish it up syntax-wise... trigger 1= your risky entry (close >20EMA and <200 EMA for bull and opposite for bear.) trigger 2 is the safe entry (close > both 20 and 200 for bull) or the reverse for bear. Going to work on adding crossing the LRC lines- they are red and green to show direction.

I added a stacked emas (20/50/200) on the daily label as I like to trade the cantilever of the daily against the smaller timelines in futures. I would prob add an adx label as well.

http://tos.mx/8bzhXNa entry trigger label
http://tos.mx/5Y1UQ6K daily 20/50/200 stacked emas label
http://tos.mx/na9nCSA the chart in the picture

With this ticker and daily stacked Bull EMAs - I'd be looking at the LRC channel lines andkeeping an eye for adx/dmi to line up for upside on the hourly and seek 2m long/green triggers for entry.

Will work on adding close crossing the lines - I am not a coder- so bear with me...

https://imgur.com/a/OAPg087

Awesome! Thanks

 

[METAL]

I thought of a question you are tracking the 20 50 and 200 EMAs to guide entry.

I had an idea to make you a label for your entry trigger. I am trading the LRC also- so this model is very fun for me. I trade futures. My friend Guava helped me polish it up syntax-wise... trigger 1= your risky entry (close >20EMA and <200 EMA for bull and opposite for bear.) trigger 2 is the safe entry (close > both 20 and 200 for bull) or the reverse for bear. Going to work on adding crossing the LRC lines- they are red and green to show direction.

I added a stacked emas (20/50/200) on the daily label as I like to trade the cantilever of the daily against the smaller timelines in futures. I would prob add an adx label as well.

http://tos.mx/8bzhXNa entry trigger label
http://tos.mx/5Y1UQ6K daily 20/50/200 stacked emas label
http://tos.mx/na9nCSA the chart in the picture

With this ticker and daily stacked Bull EMAs - I'd be looking at the LRC channel lines andkeeping an eye for adx/dmi to line up for upside on the hourly and seek 2m long/green triggers for entry.

Will work on adding close crossing the lines - I am not a coder- so bear with me...

https://imgur.com/a/OAPg087

I am trying to stay away from too many indicators, however, I would like to see how the DMI and ADX may help. So far I have not had a losing day with this strat. I know that sounds impossible, but it is true. I even had a TOS issue this morning on a META trade that I should have profited at a minimum 350.00 but the sell market, Limit would not work for about 6 minutes. I had to start a new instance of TOS and finally got the market sell to work. I lost 1,877.00 on that trade. I ended the day with 298.00 positive even with that set back. I got in a TSLA PUT that I exited at 300%. I hope more people are using this as it works. Really the first consistent strategy I have used. Thank you for the additions! Have a great weekend everyone.

 

[vipinjec]

@METAL - Thanks for sharing, I am having issues with /ES and SPX - the LRC isn't coming in chart , did change the start time to 0 but still not reflecting. Any solution. TIA

 

[Sbollapa]

@METAL I see that the regression lines keep moving so you mark the endtime as 9:29AM so that lines get locked or you keep it open till 16:00PM. I ask this question since in the charts you posted in this forum has different variations so just to confirm which is the one to be used.

 

[texas_trader]

Todays Trades:
View attachment 21696

I haven't had a loss in a day since I started using this strategy. I have had losses but not for the day. Is that what you are referring to?
If so, I decided to just show the actual trades because I feel that profit amount should not matter as each traders risk is different. For this trade I profited $1,773.00 I also traded a TSLA and lost 437.00 because I did not follow my rules. I should have only lost around $125.00 if i had stuck to my rules. I traded SPX mid day and made $727.00

Can you please update the link to the code used for the Multiday LRC on the first page? I have used the existing link from the first page and my 5D2min chart shows slightly different lines/levels than yours, also the study parameters seem to be different, hence this request.

 

[JOSHTHEBANKER]

is this the correct start/stop time for this ?\

 

[vipinjec]

Awesome! That is what I am talking about. It is the easiest most consistent system I have ever used. I Got TSLA today for $1,400.00, NVDA and SPX for a $1,933.00 total today.

Hi Sir, pls can you the chart where entered. Thanks

 

[trendtraderflow]

No. It is actually based off of Pre Market so it will not work with Pre market off.

Cheers !! your set up has zero lag !! love it !! great work !!

 

[adriantran]

Has anyone noticed any recurring patterns at the open? i.e. if opening print is above the 2nd deviation, look for shorts back into LRC, etc.

Would be helpful to uncover some patterns so that we have additional entry criteria using the LRC.

It's just really hard to backtest since the LRC only applies to the current day. Is there any way to adjust it so it applies to each day independently?

 

[METAL]

is this the correct start/stop time for this ?\

Yes. If you are in eastern standard time. If you are not, then you will need to adjust.

 

[Juno (Best Day EVER)]

Yes. If you are in eastern standard time. If you are not, then you will need to adjust.

ideas for start time to use for futures?

Nice additions, but please check your first 2 links. They appear to be the same when loaded. Thanks!

I just reloaded the middle label which was stacked EMAS- hope that fixes the issue.

 

[Juno (Best Day EVER)]

@SleepyZ @METAL
I am hoping someone can help me with what to put into the time anchoring settings for futures

 

[useThinkScript]

@SleepyZ @METAL
I am hoping someone can help me with what to put into the time anchoring settings for futures

https://usethinkscript.com/threads/...tions-in-thinkorswim.18367/page-4#post-140739

 

[SleepyZ]

is this the correct start/stop time for this ?\

Thinkscript uses Eastern Time Zone times in coding.

So for all chart timeframes using the LRC, 0400-0929 is the correct Premarket time settings for stocks.

 

[Juno (Best Day EVER)]

Thinkscript uses Eastern Time Zone times in coding.

So for all chart timeframes using the LRC, 0400-0929 is the correct Premarket time settings for stocks.

what would you try if using this for futures?

 

[SleepyZ]

what would you try if using this for futures?

1800 - 0929