Comments on: TICK Indicator

By: thinkscripter

thinkscripter — Sat, 28 Feb 2009 21:00:10 +0000

Greg,
If you copy the code out of my block above there are no problems. Someone else had posted a modified version of the code in a comment that I have since removed which didn’t work.
-TS

By: Greg Hohman

Greg Hohman — Sat, 28 Feb 2009 20:52:20 +0000

There’s something wrong with your last plot statement, i.e. no such variable. Help! Thx. Ps. I also had to change the quotes on “TICK” to quote marks from my keyboard, no big deal.

By: AnnArbor

AnnArbor — Thu, 12 Feb 2009 01:16:56 +0000

Hi ThinkScripter, I originally coded this indicator on the TradeStation platform using EasyLanguage, I’m not familiar with the TOS code so correct me if I’m wrong. I originally coded and described this indicator with the exp moving average set to 2 periods. I found this variable to be critical for the success of its use.

Here’s how I use it for scalping; After the bar or the exp MA touch the Bollinger band, I look for trend line breaks on the moving average of the Bollinger band and on the price chart as confirmation of a trend reversal.

Patterns of the exp MA also work very well, for example: double tops, head and shoulder, and of course the slope of the exp MA and more.

It can work as a leading indicator as well, if you watch to see if a pattern of closes are biased to one side or the other of the exp MA on the Bollinger bands.

And a reminder I use this indicator modification for scalping on the ES and YM.

I hope your readers find value in it’s use!!!

gg in Ann Arbor

By: thinkscripter

thinkscripter — Sun, 08 Feb 2009 12:42:26 +0000

…oops – Never been a good speller.

By: Herbert

Herbert — Sun, 08 Feb 2009 08:03:35 +0000

Thanks a lot for posting the script. I’ll check it out.

By the way, I think you meant “beer kitty” not beer kiddy.