I would like to create a study that will allow me to graph a 90 day SMA of the Open, Close, High and Low and the 1 and 2 standard deviations for the Open, Close, High and Low of the past 90 days.
In total there will 5 lines the +2SD, +1SD, 90 day SMA, -1SD and -2SD. I do not want the Open, Close, High and Low graphed separately, rather, I want to use the average of them instead of the closing price.
I attached the excel spreadsheet I put together of this information if it will help you out. If you can help me with this it would be a great help. Thank you!
you don't need a custom study for this, the BollingerBandSMA study built-in with ToS should give you what you need. add the study to your chart, then change the price type to Open or Close..etc .. the default is +/-2SD. add another study on top of it, and set the SD to +/-1SD and set it to same price type (Open, Close..etc). change the line colors and pattern until you get best visualization and you should be good to go,
This is very close to what I want, however, it is not exactly what I am looking for. I made a mistake in my prior post.
I want to use the standard deviation of the open, high, low and close prices for the past 90 days, rather than standard deviation of the average of those 4 prices for the past 90 days (price type = (O+C+H+L)/4). So where the bollinger bands are using 90 price points to determine the standard deviation, I want it to calculate 360 price points over the past 90 days.
@jetablack4, methematically both are the same ..
Average of the 360 points, is the same as the 90-period average of the average of the 4 points. so you can safely use a BB of the length you need, and set the price type to (H+L+C+O)/4
you can test this in your spreadsheet to validate .. from there you can decide what is the SMA and which BB you'd like to use,
Hello T13 I am new to this forum and this is my first question did look around the site for
the answer but no luck additionally did some internet search and Tos learning
center and found some content on subject but in my opinion it was not complete.
A exact video or typed explanation and execution of trailing stops on single call or put options on the thinkorswim platform would be most appreciated.
I am about 90 % in the know with respect to previous queries I just cant fully understand
This problem has stopped my ability to move forward in a trading system that fits my style.
Thanks in advance for any assistance with this question
Last edited by EventHorizon; November 28th, 2012 at 06:50 PM.
Hi Hi optntdr13.
Thanks for your effort helping other traders .
I find most of the traders biggest weakness to let profit run . Im looking for trailing stop for TOS. Ex AAPl So if Im in with 20 contracts I wont to sell first 10 at +0.2 and trail the rest 10 at 0.3 .I do this manually but in a fust moving market its to much and I tend to take profits prematurely . If you have some thing like this or similar it would be great . Or I can pay you to cod it.
Thanks in advance
Would it be possible to route a signal from a TOS strategy to place the trades at another broker through ninja trader ?
I like a strategy in TOS, but the strategies wont allow you to actually place the trade at TOS. I dont understand the purpose of the strategies if you cant actually use them !
anyway, is something like that possible ?
I asked this question in the TOS thinkscript chat room and was lectured about asking questions about "other" platforms.
TOS has so many obstacles for futures trading, IMO.