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We might need more information to help guide you. Are you thinking of using a certain chart style (Time, Range, Renko, Momentum, Linebreak, etc.), what constitutes an uptrend? (HH & HLs, Slope of MA, etc) Would you always enter after the 3rd bar? Any form of Chop filter?
its like this in thinkorswim , i use this alot and it works great but i want to try to automate it
The TTM Scalper Alert is a great tool for runaway markets. Timing entry into a runaway market is haphazard at best and can be akin to stepping in front of a freight train. By waiting for a scalper alert to fire off, a trader can be sure that momentum has at least paused and allows an entry at a possible turning point with a precise risk reward ratio in place.
The TTM Scalper Alert comprises two plots, Pivot High and Pivot Low. Pivot High is shown as an arrow above the first bar in a series of 3 lower Closes (Sell signal). Pivot Low is shown as an arrow under the first bar in a series of 3 higher Closes (Buy signal)
The minimum price range between the Pivot High and Pivot Low to be interpreted as a trend reversal.
thanks for all help in advance guys really am greateful
I don't know a lot about patterns in the market but doing a quick google search on that product almost indicates to me it is detecting a simple ABC pattern for entry. I am certain there are various indicators already on this site for that pattern recognition. They you need to wire it into a strategy.
I am sure someone can point you to that indicator, hopefully my interpretation of the tool is correct...
no its just a 3bar up or down trend , but from my research as a scalper , lol , i have been really sucessful with it .
so i use a .25 range and when it hits 3 bar up or down theres a %80 chance that it gives another few bars . of coarse with a few other indicators to know when .
Then back to your original question, add the user inputs that you would want to vary. Mainly in the other indicators, you may want to add a time window and possible money management parameters until you are going to watch it like a hawk....
Seems like you know what you want to do, not sure how much more I can help. Certainly, if you bump into trouble while trying to code the strategy, we can probably get you through those problems.
im brand new to ninja , and i dont understand the inputs , can u recommend something ? i have the rest sorted out i think , just the inputs i need help with