ThinkorSwim Buy/Sell Algorithm + Scanner - TG5000

Description

Upon purchase you will receive:
A nearly identical document to the one shown below including link to download the study.
(Link to the document will be sent through Ebay messages once payment is received)
Access to future Indicators, Scans, Strategies, etc. related to the TG5000 as they become available.
Contact information incase you have trouble setting up and/or using anything listed below.
Twitter : @GrabThatTick
Also be sure to checkout my other listings where you can get this, along with many other indicators, scanners, strategies, etc all in one package!
===============================================
Vinny’s
ThinkorSwim
Toolbox
Like most traders, I have always been trying different strategies to use to my advantage while trading. Sometimes a new strategy requires you to take in more information, while other times, it’s all about getting a different perspective of the markets.
Over years of trying different things I have collected quite a few different Indicators, Scanners, Chart Styles, Strategies, etc. These are tools that I use to help me make better decisions in various types of markets. However, many of the tools I wanted are very hard to find, so I created them myself. I am not a professional coder but I have and will continue to put in countless hours creating, adjusting, and fine tuning things to get these tools to work as best as possible. Not all of these tools are perfect for everyone and in every situation, but I am confident that most individuals will find at least something here that they see as beneficial.
Why am I trying to sell my indicators if I can just use them to make money?
Well, as a trader/investor my job is to identify market inefficiencies and use an edge that I have to capitalize on those inefficiencies. When I was told about the thinkorswim indicators that are being sold on Ebay I looked into them and realized that most of them are overpriced garbage and I believe that I can offer something much better to the market of ThinkorSwim indicators on Ebay.
Why should you trust me?
Good question. I am just a random person you stumbled across while browsing Ebay listings. I totally understand the skepticism. However, just like when you are analyzing a possible trade; you have to look at it from all angles and weigh the risk/reward.
(The risk that I am dishonest and these tools are fake or poorly coded VS. the possibility that you will find these tools useful and your trading is enhanced as a result)
I am not claiming to be a “trading guru”. I am not trying to sell you a trading course. I am not claiming that I can give you perfect buy/sell signals.  All I am doing is offering tools that I use myself, for a relatively small fee for the time that I put into creating these. If you would like to discuss what I have to offer before purchasing, feel free to message me on the twitter account I set up for this ( @GrabThatTick ) and I will try to respond to any of your concerns as quickly as possible.
Who would benefit from these tools?
Anybody who is interested in trading stocks, futures, options, bonds, etc. These indicators work well for those who are looking to scalp,  swing trade, or even those who are more passive investors who just want a better way to find good entry zones.
Some of the trading strategies I use are a little more ‘advanced’ than just trendlines and price levels, but I have tried to implement my trading styles into these indicators in such a way that you don't have to be an expert to understand what the chart is telling you..
Upon purchase, I will offer a more ‘enhanced’ form of support to get you set up.  Although I am a trader and not a teacher;
(those who cant do, teach)
I do love talking markets and very rarely turn down a discussion regarding how to trade with anybody regardless of their experience. I believe it is important to hear as many perspectives as possible and I have no issue talking about my strategies.
Hope this helps!
Vinny
Indicators
Instructions:
Highlight and copy the link provided below the picture of the indicator you want to download.
Go into your ThinkorSwim program.
Click on “Setup” in the top right corner.
Click on “Open Shared Item” from the drop down menu.
Use CTRL+V to paste the link inside of the box.
Click “Preview”
Click “Open”
A new window with a chart will appear.
Once the chart is opened, you will be able to find the indicator automatically saved in your Studies list so you can easily place the indicators on your own charts if you’d like.  (I recommend renaming them right away so they can be found easier in the future)
To find the indicators in the future:
Open the chart you want to add the indicator to.
Click “Studies”
Click “Add Study” From the dropdown menu
Select “User Defined”
The study should be saved under the name “Shared_XXXXX
”
Some of these charts have multiple studies added to them to save space/time. You do not have to keep them together and can remove the studies you don’t want.
All source codes can be viewed/adjusted by opening up the “Edit Studies and Strategies” window and right clicking a particular study/strategy.  From here you can make more advanced changes in calculations and learn more about how it all works to maybe even figure out how to do it yourself! (That’s how I learned
)
The Tick Grabber 5000 V6
-
UPDATED
The TG5000 is an algorithm that analyzes the momentum of a stock’s price and then uses those calculations to identify areas where momentum appears to begin changing direction.
By utilizing
4 stochastic oscillators, 4 ATRs, 2 MACDs, 2 RSIs, CCI, Trend Quality,
and
Divergences;
it collects a broad range of data to give it multiple perspectives to consider before showing the user a signal that momentum appears to be shifting. These calculations will self-adjust to accommodate for any ticker’s price or volatility. Other than selecting one of the
4 Sensitivity Levels
available, there is no need for any complex optimizations or adjustments for the user to make.
There are
3
types of signals that are shown for both long and short entry zones:
·
Vertical lines
o
Green
or
Red
vertical lines that are composed of
short dashes
are signals focused mainly on the MACD and RSI.
o
Green
or
Red
vertical lines that are
solid
are signals focused mainly on stochastic oscillators.
·
Arrows
Since there are three separate stochastics all showing their own individual divergences I have color coded them accordingly. Each divergence signal can be individually turned on or off in the settings menu.
o
Light Green
and
Light Red
arrows indicate buy/sell divergences on the shortest-length stochastic.
o
Green
and
Red
arrows indicate buy/sell divergences on the mid-length stochastic.
o
Dark Green
and
Dark Red
arrows indicate Buy/Sell divergences on the longest-length stochastic.
o
White arrows indicate hidden divergences on all stochastics (both directions).
·
Candle Colors
Candles are colored based upon multiple calculations used to identify the current trend’s status.
Best practice is to use the candle colors to confirm signals that are shown!
o
Green
candles signify bullish price movement.
o
Red
candles signify bearish price movement.
o
Gray
candles signify price movement that is not defined well enough to be considered bullish or bearish.
The TG5000 offers the user
4
Sensitivity Levels
:
Each level comes with different conditions/thresholds that need to be met before a signal can be shown. The higher the level, the less restrictive the required conditions/thresholds are. The current level being used for the chart and the Stochastic will be shown in the upper left corner of the chart or stochastic. They do not need to be the same level and you are able to remove either study without impacting the other.
·
Level 1
o
At least 2 different MACD signals must be triggered and the color of the candles must match the direction of the signal, within 4 bars.
OR
o
A stochastic oscillator signal must be triggered and the color of the candles must match the direction of the signal, within 4 bars.
Color Matching example:
If a buy signal is triggered, it will not be shown unless a
green
candle follows it, within 4 bars.
If a sell signal is triggered, it will not be shown unless a
red
candle follows it, within 4 bars.
·
Level 2
o
Will show signals for all MACD and Stochastic signals, but still requires color matching within 4 candles.
o
Thresholds for other variable conditions such as RSI and ATR are similar to level 3.
·
Level 3
o
This level does not require color matching for signals to be shown.
o
Thresholds for variable conditions such as RSI and ATR are further reduced.
·
Level 4
o
This is the most aggressive level available.
o
Many variable thresholds are further reduced in effort to give the user a greater amount of trade opportunities.
The TG5000 Offers “Gap Protection”
Due to the nature of how the stochastic oscillators and MACD reversals the TG5000 makes its calculations with, when a chart has many gaps it can cause the script to produce false signals. In effort to combat this; I have a “Gap Protection” setting that will prevent signals if there has been a gap of the lesser of 0.25% or 10 ticks within 4 candles on time frames of
less
than 4 hours. This new feature should significantly improve the TG5000s performance on stocks but can be turned on or off within the settings.
The TG5000 uses a self-adjusting “Kill Switch”
In effort to combat a market that is moving in one direction for a prolonged period of time with little to no corrections, The TG5000 will enable a “Kill Switch” that will prevent it from showing any signals that are likely to be run over by a very strong and steady market. However, The TG5000 will continue to show signals that align with the overall trend of the market.
This is accomplished by using a stochastic oscillator that will adjust itself depending on the timeframe of the chart it is on. The status of the Kill Switch can be seen by looking for the
gray
stochastic line to turn
orange
or
by looking for the “KILL SWITCH” label to be shown in the upper left corner of the chart.
Self-Adjusting Kill Switch Thresholds
In effort to further prevent the TG5000 from showing signals that may get run-over by a strong trend, it will now adjust the thresholds of the Kill Switch based upon the strength of the current trend.
It accomplishes this by first determining the algebraic sign of the difference between two different exponential moving averages. Then, it will combine that number with a cumulative price change calculation that is reset back to zero after each identified trend reversal. The absolute value of the calculation is what is used to expand/contract the Kill Switch thresholds.
Users will be able to view this by looking at the white lines on the Stochastic Oscillator study. When a strong trend is occurring, the white lines will begin to contract, which will cause the Kill Switch to be more likely reached, until the trend reverses.  These lines can be turned on or off within the settings.
“Average Stoch”
Keeping a chart as clean as possible is always important since the less information you have to analyze, the quicker you will be able to make a decision. Therefore, I have included the option to remove the 3 stochastics and use an average of them instead. You do not necessarily need to use all three stochastics since the script is doing that for you, but it is nice to be able to get a general idea of what they are doing. ALL calculations/signals are the exact same while using either option. To change this simply uncheck the “Show Plot” box for LTF, MTF, STF and check the Show Plot box for the “Average_Stoch” instead.
The TG5000 offers several settings available to the user
·
Sensitivity Level
– Use this to select the sensitivity level used for signals to be shown.
·
Disable Killswitch
–
Use this to disable the Killswitch feature (not recommended)
·
Gap Protection
– This is used to enable or disable the Gap Protection feature (not recommended).
·
Show Vertical Lines
– This is used to turn on or off the vertical line signals.
·
Show Killswitch Thresholds
– This is used to make Killswitch thresholds (white lines) viewable or hidden.
·
Show Arrows
– This is used to select to show or hide all of the arrows signifying divergences.
·
Line Alerts On
– Use this to turn the
audible alerts
for the vertical line signals on or off.
·
Divergence Alerts On
– Use this to turn the
audible alerts
for the divergence signals on or off.
·
Long Only Signals
– This option allows you to have the TG5000 only show you buy signals.
·
Show Hidden Divergences
– Use this option to include hidden divergences to be shown in addition to normal divergences.
·
Div Long
– This setting will allow you to decide whether or not you want to see divergences for the longest-length stochastic oscillator
·
Div Mid
– This setting will allow you to decide whether or not you want to see divergences for the mid-length stochastic oscillator.
·
Div Short
- This setting will allow you to decide whether or not you want to see divergences for the shortest-length stochastic oscillator
Tick Grabber 5000 Scans
These scans only include vertical line signals, divergences are not searched for.
You can easily change the timeframes being searched
as well.
- TG5000
15 Minute
Buy Scan
- TG5000
1 Hour
Buy Scan
- TG5000
4 Hour
Buy Scan
- TG5000
Daily
Buy Scan
- TG5000
15 Minute
Sell Scan
- TG5000
1 Hour
Sell Scan
- TG5000
4 Hour
Sell Scan
- TG5000
Daily
Sell Scan
P.S. The price of this listing will increase by after each sale is made.
ALL SALES ARE FINAL
Disclaimer
:
Past performance is not necessarily indicative of future results. All investments carry significant risk and all investment decisions of an individual remain the specific responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in a full loss or losses. All investors are advised to fully understand all risks associated with any kind of investing they choose to do.