Pre-Sales VIP Questions

[Learnbot]

I am not VIP member yet, however, thinking about subscribing to your discord and obtaining the "buy the dip" indicator. I just wanted to check something before I subscribe to VIP, would you be able to post an example of 1min chart for TSLA, Apple, ZM or whatever else stock you see fit (not penny stocks plz since I am not that educated to trade small caps yet). I wanted to see if Buy the Dip works for day trading as well as swing.

Edit: This thread has gotten very long. Added some info below for easier access to information.
Summary:
https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/page-23#post-89427

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35088
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35087
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35117
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35171
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35819
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-39668
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40185
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40940
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-44869
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47726
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-48056
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-50020

Customer's reviews:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35938
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-36156
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-43881
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47162
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47463
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47627
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-53124

More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186

 

[barbaros]

@BenTen one last question. I know you referred to this in previous comments but I can’t find your post. Is there a reverse of this indicator? Like, short now? I know there is take profit now, but it seems like it is not the same as short now.

 

[Learnbot]

@BenTen one last question. I know you referred to this in previous comments but I can’t find your post. Is there a reverse of this indicator? Like, short now? I know there is take profit now, but it seems like it is not the same as short now.

@barbaros i don't think so, BTD, AMM and Profit-taking are the only VIP indicators

 

[BenTen]

@barbaros The inverse of this indicator would be our Take Profit script here: https://usethinkscript.com/threads/take-profit-indicator-for-thinkorswim.3663/

 

[barbaros]

Has anyone converted this indicator to a strategy to backtest?

 

[xad]

Most of my swing positions are closed today for some nice gains. It seems that the Daily and H1 are working very well with the BTD indicator. The indices are up nicely already I hope all of you are taking profit too or trim down your positions and continue to ride the momentum next week.

Are you referring to conservative or aggressive. Can you please post couple of examples with what worked for you

 

[serendipity2020]

Hi Ben
Is the standard version of Buy the dip and Take profit available only for premium member of Tradingview? Or is it available for everyone? If so, how can I get to try out and see it? Based on it, I can make decision to be a VIP.

 

[BenTen]

@serendipity2020 It's only available for existing VIP members.

 

[ramki58]

I saw a request in the Discord to describe how people have been using BTD indicator on lower interval trades and thought I would share my experience.
I primarily scalp and have been using BTD to evaluate BULLISH entries for this style of short term trading along with TTM Squeeze, TTM Wave, RSI, and MACD w/ Histogram. My ideal setup is when the three BTD lines converge to indicate an entry opportunity, TTM Squeeze is out of the squeeze (green dots) and has a confirmed bullish bias from a recent bearish move, TTM Wave confirming the bullish momentum, MACD being stretched down and ready for a bullish move, and RSI being below the 30 line.

Attached is my scalps from today on NVDA where I pretty much had this scenario several times -- you'll see that I took three trades that were close to the dip as soon as TTM Squeeze changed colors, while being in an area where all three BTD lines are overlapping.

I don't know if this use case is how the BTD indicator was intended for, but I've been trying it out for ~ a week and it has been working for me on the small set of tickers that I have been scalping.

@MintyFresh , Your setup looks great. If you don't mind, can you please share TOS settings?

 

[Rabbitt8]

@BenTen @markpurr As far as support and resistance with this indicator are you guys using the Auto Pivots Indicator or another indicator or just plotting them yourself?

 

[BenTen]

@Rabbitt8 I plot my own support and resistance levels.

 

[Daniel]

Is buy the dip vip indicator can be set up as scanner for 1min or 5min chart?

 

[BenTen]

@Daniel Yes you can. We have a video tutorial on that here

 

[Daniel]

Thank you , i will look over it.

 

[NPTrading]

Trying to setup BuyTheDip Scanner condition for 4hr and 1hr timeframe , but I do not see the "within" option.

I am using 1.1. standard version of the script.

 

[BenTen]

@NPTrading Please take a look at this video below:

You may have to expand the condition window a bit to see the "within" option as it could be hidden at the bottom.

 

[Daniel]

@NPTrading Please take a look at this video below:

You may have to expand the condition window a bit to see the "within" option as it could be hidden at the bottom.

Thank you again
You are the best!

 

[Blazin_Trails]

Hello @BenTen !

Been reviewing site recently and came across this. Do you mind sharing the 1 day chart on say TSLA and SPY going back 6 months? Would be interested to see the dip from March and again in September to make my VIP decision

Also, does this work on Mobile TOS?

Thanks!

 

[BenTen]

@Blazin_Trails Of course. Charts below.

 

[Blazin_Trails]

Cool thanks @BenTen !

With the scanner how many alerts would you expect to see if you have it on like a daily or 15 min timeframe for mid to large cap companies?

Not sure if you saw it earlier but does the indicator work on TOS mobile too?

 

[BenTen]

@Blazin_Trails With the higher timeframes like the Daily and Weekly, you don't get signals very often. I'm an active swing trader myself, and I use the Hourly timeframe more than anything else. When using this indicator on the lower timeframes such as 5m, 15m, etc., you're likely to be getting more signals.

Yes, this indicator works on the mobile app.