Would like assistance to code for an alert for a double top/bottom on the 15min TOS charts. Retracement of second top/bottom atleast a 78.1% retracement of of previous low/high with no more than 10 price bars between lows/highs
I use Think or Swim and taking classes on stocks and chart reading and candlesticks.
I am looking for a script to be written or maybe already available.
I have watch lists with varying stocks. I need to enter stocks on a watch list before they breakout.
Volume, Bid/Ask Spread or Chart Studies, such as RSI, DMI, Stochastic Volume Average are helpful but they do not help during the day. They help in preparing watch lists to buy a stock but most of my trades are day or 1 day swing.
I can have 60 Stocks in a watch list but markets may change midday, like this week, and I do not have or know of an indicator that tells me what stocks I can focus on during the day. Volume is good but not a specific indicator.
To better improve my entry and exits, I believe I need the following:
1) I need a scan that allows me to track a stock throughout the day, for example consolidation patterns,
cup and handle bases or flat bases. I don't see this in Think or Swim. I see scans for candlesticks.
a) I have 10 stocks on a "Focused" watch list and 3 stocks may be channeling or have a double bottom but I have to scroll through each stock, which takes time. I set alerts but sometimes I enter at 4% past the preferred buy point.
The only site that closely does this is FinViz but I need "realtime actionable" information.
2) I need a script that can take all the data from news feeds, for a particular stock and place it in the chart study. This way I can align the price with any significant news. Think or Swim has a separate news feed tab but takes some time to align information with price action.
Not sure if what I am looking for is within your services.
