StockFetcher Forums · Filter Exchange · Need Thinkorswim Entry Approach, exit at swingindex ok.<< >>Post Follow-up
tedpenner
18 posts
msg #103527
Ignore tedpenner
modified
11/30/2011 12:09:34 AM

I have recently been fairly successful at limiting my losses to under 5%. I do this by configuring the Thinkorswim platform to sell if the SwingIndex() > 0 based on daily aggregated values.

However, I have not been able to develop an adequate scan that will tell me what is likely to make a big up or down move the next day. under FCC regulations, I can't be in/out in the same day before being considered a pattern day trader, so I am trying to develop a way to scan for an entry using MarketWatch at 2:45pm and exit the following day using the system above.

Assistance and ideas are greatly appreciated.

optionplayer333
801 posts
msg #103546
Ignore optionplayer333
modified
11/30/2011 3:03:42 PM

you need my market watch setup on tos> you need to customize the 2 period rsi for 5 10 15 20 30 60 120 240 min 1 day 1week 1 month>e mail me at alife4love@aol.com and i will show you what tops and bottom look like> here is the script to color code red and green for buys and sells>


you enter this into schrolls 1-(entry box covering all the time frame above>


def will = round(RSIWilder(length = 2, over_Bought = 90, over_Sold = 10));


plot result = will;
assignBackgroundColor(if will>95 then color.dark_red else if will>90 then color.dark_red else if will>10 then color.black else if will>5 then color.dark_green else if will<=5 then color.dark_green else color.current);
result.assignValueColor(if will>95 then color.white else if will>90 then color.current else if will>10 then color.gray else if will>5 then color.current else if will<=5 then color.white else color.gray);






tedpenner
18 posts
msg #103552
Ignore tedpenner
11/30/2011 6:36:58 PM

Very cool! Working on it now... I just sent you a message.

bkhurana43
103 posts
msg #103590
Ignore bkhurana43
12/2/2011 5:58:59 PM

tedpenner
16 posts
msg #103552
- Ignore tedpenner 11/30/2011 6:36:58 PM

Very cool! Working on it now... I just sent you a message.

Did you get any response to your message to optionplayer333? Pl. post it here for community's benefit

tedpenner
18 posts
msg #103593
Ignore tedpenner
12/3/2011 12:04:18 AM

I sure didn't. Still working on it though.

StockFetcher Forums · Filter Exchange · Need Thinkorswim Entry Approach, exit at swingindex ok.<< >>Post Follow-up

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