TTM_ScalperAlert problem - ThinkOrSwim | futures io social day trading
futures io futures trading


TTM_ScalperAlert problem
Updated: Views / Replies:2,747 / 3
Created: by jordis Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

TTM_ScalperAlert problem

  #1 (permalink)
Elite Member
Mobile, Alabama
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
Favorite Futures: Stocks
 
Posts: 29 since Sep 2011
Thanks: 6 given, 4 received

TTM_ScalperAlert problem

I've looked for info on this, but with no luck.

Can someone please explain to me exactly how the TTM_ScalperAlert indicator ACTUALLY works?

from the TOS website: "The TTM_ScalperAlert 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). "

So, looking at the attached chart, you can see that the plotted arrows do not seem to follow these simple guidelines. Can someone explain to me how this indicator in TOS actually calculates where the arrow is placed? What am I missing here?


Thanks,
Jordis


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #2 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

Code is locked and couldn't find explanation anywhere. When I am loading it, it doesn't look nearly as good as the chart you are posting, can I ask what settings you are using?

Reply With Quote
 
  #3 (permalink)
Elite Member
Mobile, Alabama
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
Favorite Futures: Stocks
 
Posts: 29 since Sep 2011
Thanks: 6 given, 4 received



vegasfoster View Post
Code is locked and couldn't find explanation anywhere. When I am loading it, it doesn't look nearly as good as the chart you are posting, can I ask what settings you are using?

Standard 5 min chart for /YM, other indicators loaded are VolumeProfile (off screen), PivotPoints(default), MovAvgTwoLines (5,20), and the RSI (10).

For the TTM_ScalperAlert itself I set the "min swing" value to 10, but honestly it seems to be screwy no matter what the setting is.

The other settings for the TTM_SA I left as the TOS default:
ie. Values - Boolean, and Draw As - Arrows


hope that's what you were looking for, haha



I don't really care so much about the validity of this as a signal or anything, but it bugs the crap out of me when stuff doesn't work the way it has been described.

I will email TOS and see if they will answer anything, but I'm guessing no. I'll keep you posted.




Jordis

Reply With Quote
 
  #4 (permalink)
Elite Member
Mobile, Alabama
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
Favorite Futures: Stocks
 
Posts: 29 since Sep 2011
Thanks: 6 given, 4 received

TOS reply

Here is ThinkOrSwim's reply to the inquiry:

"Hi,

The problem with this study is that it's a proprietary study made by John Carter. The TTM means Trade the Markets, which is a trading education site dedicated to trading these indicators. So the secret to John Carters studies stays with him. The only information we have is the same that you have. We've worked out a aggrement with John Carter that he let's us use his studies, but we are required to keep it private. I do see your point that it's not always a higher close, or a lower close to get the signal. Please take in mind, that his programs are usually complex and have more tests than just what is said. However, I don't know what that is due to the proprietary nature of study. My apologies,

TD Ameritrade does not offer script writing services at this time, however, on a request basis we may provide educational examples to assist in your assimilation of our proprietary programming language. We recommend that you review and study the thinkScript manual prior to utilizing any custom script.

Thinkscript Manual --- thinkScript ? Resource Center

Charles Tauchman
Thinkscript, TOS
Division of TD Ameritrade, Inc."



So they admit that it doesn't do what it says, but they have no clue what it does either...


kinda what i figured, lol


Jordis

Reply With Quote
The following 3 users say Thank You to jordis for this post:

Reply



futures io > > > > TTM_ScalperAlert problem

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
OnMarketData Problem humy65 NinjaTrader Programming 3 October 16th, 2012 11:17 AM
Computer problem longway20 NinjaTrader 9 May 22nd, 2012 10:24 AM
Got to improve this problem Lord Sidious Traders Hideout 5 May 9th, 2012 08:30 AM
Problem with SwingTemp crimmins NinjaTrader Programming 8 October 14th, 2010 04:20 PM
could be a problem websouth Off-Topic 11 February 1st, 2010 02:04 PM


All times are GMT -4. The time now is 12:18 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.10 seconds with 20 queries on phoenix via your IP 54.90.207.75