Comments on: ThinkScripter Multi-Stops

By: Diana

Diana — Sun, 18 Sep 2011 00:51:21 +0000

hi, i’m interested in finding a trailing stop strategy that will help me exit out of trades based on 2 factors: 1) macd crosses on a tick chart + 2) waits for the next bar’s body to cross above (or below depending on the long or short entry) the bar that generated the cross on macd. Can anyone help me look in the right direction – i will definitely donate/pay for it.

By: ThinkScripter

ThinkScripter — Mon, 20 Jun 2011 01:15:37 +0000

Great question. When I originally wrote this there was no ATR Stops indicator in TOS. Since then, they have caught up . Functionally, the ATR Stops and my Multi-Stops in the ATR mode are nearly identical. The Multi-Stops does allow for the other stop methodologies: Chandelier, Wilders, and my own Fib stops.
-Eric

By: Jeffa

Jeffa — Sun, 19 Jun 2011 22:46:31 +0000

how does this compare to the “ATR Stops” indicator in TOS?

By: ThinkScripter

ThinkScripter — Fri, 03 Jun 2011 12:13:03 +0000

Michael,
Some studies can be converted for use in a scan and some are just too complex. This one is the latter. You might be able to strip out all but one type of stop and get this to work in a scan but never having tried I am unsure if this will work either.
-Eric

By: Michael

Michael — Thu, 02 Jun 2011 23:03:03 +0000

Amazing work. A quick question, though. How do you convert the code to a query so that a watchlist or portfolio may be quickly scanned for stops generated by this indicator? Thanks a lot!

By: ThinkScripter

ThinkScripter — Thu, 02 Jun 2011 12:15:41 +0000

Thank you.

By: Provine thomas

Provine thomas — Thu, 02 Jun 2011 03:58:08 +0000

Man that was the best 75 bucks I’ve ever spent. Dude you rock, your scripts are worth far more. Thanx this is a game changer

By: Robert D

Robert D — Thu, 04 Nov 2010 01:53:53 +0000

Hi Greg,

I’m new and am contributing. I read and viewed TTM Squeeze Ind. but can not find it in the PRO area of TOS. Can you tell me where to find the thinkscript.

Many thanks…

Robert

By: Short Term Volume and Price Oscillator | ThinkScripter

Short Term Volume and Price Oscillator | ThinkScripter — Sat, 04 Sep 2010 19:00:13 +0000

[...] the oscillator is above the red line but less than yesterday’s value. Also pictured are the Multi-Stops, Volume Profile, and Value Chart. Short Term Volume and Price [...]

By: Derek Nelson

Derek Nelson — Tue, 06 Apr 2010 01:16:56 +0000

Hello,

I am a very very new trader and really like your site for thinkorswim. But I was curious if you could explain to me how this indicator works or if there is a better indicator for a new trader. I like to swing trade ( buy and sell with in a week or two) Dont know if ya have time to help a rookie out but would greatly appreciate it and will donate if I understand better.

Thanks