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reversal arrow


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reversal arrow

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  #1 (permalink)
Charlotte, nc
 
 
Posts: 8 since Feb 2014
Thanks: 0 given, 2 received

hello there,
I would like to know if its possible to have ThinkOrSwim show an arrow on the market reversal.
for example if the market its going Up and then there is a reverse and goes down to have an arrow pointing down due to a reversal. is this possible ?

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  #2 (permalink)
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: ES
 
rmejia's Avatar
 
Posts: 377 since Oct 2010
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What parameters define what a market reversal is. If you use indicators like zig-zag, moving average crossovers, etc. you can plot an arrow when they cross or change direction given their defined parameters.

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  #3 (permalink)
Charlotte, nc
 
 
Posts: 8 since Feb 2014
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yes I do have a MovAvgExponential (CLOSE, 60, 0)
would that be a good one or would it be better to use zig-zag?

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  #4 (permalink)
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: ES
 
rmejia's Avatar
 
Posts: 377 since Oct 2010
Thanks: 3,600 given, 432 received

The mov average crossover happens once, the zig zag indicator keeps moving the arrow until it finally swings so it works great after the fact.

Attached is a two line moving average indicator that plots arrows on the price after the cross.

Attached Files
Register to download File Type: ts X_MovAvgTwoLinesSTUDY.ts (1.4 KB, 122 views)
Register to download File Type: ts X_ZigZagHighLowSTUDY.ts (4.4 KB, 116 views)
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  #5 (permalink)
Charlotte, nc
 
 
Posts: 8 since Feb 2014
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Rmejia..that's really nice..
I was able to import and use them but I am a little bit confused by the fact that its not really showing it..
I just wanna find out what type of indicator is this like zig-zag and such

the bold red line resistance at top and bold yellow line support at the bottom are a PriceChannel (0,30)



or this



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  #6 (permalink)
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: ES
 
rmejia's Avatar
 
Posts: 377 since Oct 2010
Thanks: 3,600 given, 432 received

Hi,

Not sure what you mean by not showing it. If you are looking for a specific indicator it is going to be hard, there is a plethora of indicators in thinkorswim. The indicator making the yellow arrows is not a crossover or zigzag. If there was a bigger screenshot the names of the indicators appear on the line on top of the chart; besides from that it becomes a guessing game.

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  #7 (permalink)
Spain-Madrid
 
Experience: Beginner
Platform: TOS
Trading: Forex
 
Posts: 8 since Nov 2016
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some timelater... hahaha, i saw this old post on this indicator, by a chance, i have some information on that "reversal arrow", i dont either know what it could be, it comes from an inclined straight line, and the confirmation is horizontal to enter the trade, probably a zigzag confirmer with ATR? thats why it ends with a diferent indicator. i know that is a very wanted indicator, i leave attached here any information possible, maybe someone knows from what indicator is by knowing possible settings.

Great day!

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  #8 (permalink)
Spain-Madrid
 
Experience: Beginner
Platform: TOS
Trading: Forex
 
Posts: 8 since Nov 2016
Thanks: 0 given, 2 received

Someone with experience can identify other thing than a price channel + envelopes?, seems that this settings (20, 0.05) are 20 from a PC length and the 0,05 of an envelope channel ( minimum setting available for envelopes to work). Any other ideas?
Im looking for a mean reversion system.

Thankyou

Sent from my iPhone using futures.io

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