ChrisMoody

TimWest BackGrnd Highlight! What's Tim’s Top Request? And YOURS

NASDAQ:AAPL   APPLE INC
Tim West BackGround Highlight! What Is Tim’s Top Request? AND YOURS?

I’ve often heard Tim West Request A Change In BackGround Color Based on certain Criteria.

The Chart Above is just a Simple EMA Cross That Changes BackGround Color Based On Trend.

Tim,

LIST THE CRITERIA YOU WOULD FIND MOST USEFUL TO CHANGE BACKGROUND COLOR…And I Will Provide Your Indicator For Everyone.

WANT YOUR OWN CRITERIA CODED?

LIST YOUR REQUEST BELOW. TOP REQUESTS WILL BE CODED!!!

Related Ideas

ChartArt
2 years ago
Background color change based on:

Parabolic SAR trend (up or down)

CCI above 100
CCI below 100

William's %R above -20
William's %R below -80
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ChartArt ChartArt
2 years ago
Sorry, I mean

CCI above 100
CCI below -100
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2use ChartArt
2 years ago
Second that on CCI and %R. Is it possible to code background on 2 or more indicators being "in green" together?
+1 Reply
ChartArt 2use
2 years ago
That's an even better idea!
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ChrisMoody PRO ChartArt
2 years ago
Here You Go...Link to Indicator...Read Chart Description.

CM Willams %R and CCI BackGround Highlight


snapshot
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2use ChrisMoody
2 years ago
Top job!
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TASAVANT
2 years ago
Change back ground color as of 7 days before option ex, highlighting the mostly weak Thursdays and Friday (when the roll starts) and the rest of the option ex week.
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ChrisMoody PRO TASAVANT
2 years ago
Have to check and see if you can call that data in Pinescript
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timwest PRO ChrisMoody
2 years ago
My "Key Hidden Levels - Options Expiration" plots the option expiration and draws a reference line to the right for 3-6 months
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Algokid PRO
2 years ago
Hi Chris

I have a request I think would benefit TV community. "CNN Fear and Greed Index", I 've been using this indicators with others to determine when to invest and when to get out of the market. Here's the inputs for the index (from CNN):

"Put and Call Options: The put/call ratio, which compares the trading volume of bullish call options relative to the trading volume of bearish put options

•Junk Bond Demand: The spread between yields on investment grade bonds and junk bonds

•Market Volatility: The VIX (VIX), which measures volatility

•Safe Haven Demand: The difference in returns for stocks versus Treasuries

For each indicator, we look at how far they've veered from their average relative to how far they normally veer. We look at each on a scale from 0 - 100. The higher the reading, the greedier investors are being, and 50 is neutral.

Then we put all the indicators together - equally weighted - for a final index reading."

Not sure if the Put/call ratio is available here, perhaps you could leave it out. To give you an idea how this would work, please find below the indicator coded in python , at Quantopian.com. Basically , BUY if over 50 , Sell if below 50. Of course users should be able to change tho criteria.

https://www.quantopian.com/posts/using-fear-and-greed-index

source : http://money.cnn.com/data/fear-and-greed/

Thanks and keep up the good work

Cheers

Algo
+1 Reply
ChrisMoody PRO Algokid
2 years ago
I'll code it if you do the research and see if we have a put/call ratio...not sure since we don't support options yet. If you find symbol let me know
+1 Reply
Algokid PRO ChrisMoody
2 years ago
you are the best Chris. :)
+1 Reply
timwest PRO Algokid
2 years ago
You could also do a reading of plain old VIX. Pick your lookback time and when VIX is in the top quartile of the range, paint the background green. When VIX is in the bottom quartile, paint the background red.
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BizkitBR PRO
2 years ago
Background color for RSI Indicator with EMA of RSI for Signal
+1 Reply
timwest PRO
2 years ago
Thanks Chris - For stocks I use a 63-day rate of change - If close > close(63), paint background green.

For most people, if the 50-day moving average is above the 200-day mov avg, paint the background green. Red if the 50<200dma...

+2 Reply
IvanLabrie PRO timwest
2 years ago
How does that RoC thing work Tim? The value it tosses it's different than the price...not getting that part.
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timwest PRO IvanLabrie
2 years ago
If the price is above the price 63 bars ago, then draw the background green. If below, red. This is a very simple trend indentifier that I think is useful since it also shows where the stock is relative to where the stock reported earnings last quarter. Since the only 4 "REAL" data points on stocks are the four quarterly earnings reports, it is useful to develop as many indicators around that information, in my opinion.
+1 Reply
timwest PRO timwest
2 years ago
What might be helpful is to change the background to caution "orange" when the price is within 1-ATR(11) of the price 63 bars ago. That way you know the momentum is "flat". In case you want to add another feature.
+2 Reply
IvanLabrie PRO timwest
2 years ago
Amazing! :)
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ChrisMoody PRO timwest
2 years ago
I'll be on it....hey let's touch base tomorrow or Wednesday...we both get busy and days turn in to weeks. Several things to discusss...and I'm serious about volume at Price Intro Course. Powerful Stuff
+2 Reply
timwest PRO
2 years ago
I'd also highlight the background green in my personal RgMov indicator has hit a 2-month high, and the background red if the Rgmov indicator has hit a 2-month low.
+1 Reply
stenor PRO
2 years ago
I would like to see a background color to highlight when a market should not be traded due to such things as chop or a narrow trading range, etc.
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timwest PRO stenor
2 years ago
There are various indicators that indicate trend or chop, from Ease-of-Movement to DMI, that could work just fine.
+1 Reply
stenor PRO timwest
2 years ago
What is the best indicator you have ever found to differentiate between a range bound market and a trending market? How do you interpret that indicator for best results?
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ChrisMoody PRO stenor
2 years ago
It's on my list to code a system with DMI...That should work for what your trying to accomplish...all I can say is Coming Soon...
+1 Reply
stenor PRO ChrisMoody
2 years ago
Indicators can be constructed that work well for narrow trading ranges, but not so well in a trend, and indicators can be constructed that work well in a trend but not so well in a narrow trading range. One of the greatest innovations in trading and technical analysis would be an indicator that could very accurately and early tell when you are in a narrow trading range and when you are in a trend. I have tried for years to enable DMI with its ADX to do this for me, but none of the results have been acceptable. For instance, sometimes the very best moves will start when ADX says you are not trending, and if you wait until ADX says you are trending, you are very late in the move. I have tried to do the same with other indicators as well, but so far have not found an indicator that works as well as I would like to differentiate between a trending market and a range bound market. The greatest new contribution to technical analysis would be the creation of an indicator to accurately and precisely differential between a range bound market and a trending market. This is what Wells Wilder was attempting to do with his DMI and ADX, but didn't quite get there as far as my own testing has gone. If you know of such an indicator that can do this along with the proper way to interpret that indicator I would be very happy to test it and use it. If you coded it I know that many other TradingView traders would find it very useful and beneficial as well.
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timwest PRO stenor
2 years ago
I think this is the challenge with technical analysis in general - defining mathematically when you are in a trend or chop. I have created my own indicator that helps me by leading price breakouts and breakdowns and alerting me to "trend" ahead of time - I call it "Range Movement or RgMov".
+1 Reply
stenor PRO timwest
2 years ago
Where can I find the code for your 'Range Movement' indicator? I'd like to try it.
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ChrisMoody PRO stenor
2 years ago
Go To Indicators....at the bottom under Market Place Add-Ons...choose Key Hidden Levels. Incredible Value for the low price. We're going to be recording a video soon with Tim Covering the features. See Chart Below...But tim's Add-On has even more features than on this chart.

snapshot
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ChrisMoody PRO ChrisMoody
2 years ago
It's GREAT to have these lines automatically applied to your charts
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stenor PRO ChrisMoody
2 years ago
I look forward to using your implementation of the DMI. I am especially interested in what you feel are the best input values to use for the DMI and how you best suggest using the DMI to identify trends and stay out of chop. If you have other ideas on how to identify trend and stay out of chop, I'm interested in looking at these ideas as well.
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thanks chris
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ChrisMoody PRO manijeh.kazemi.33
2 years ago
no problem
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Tim's Indicator will be released in 1 hour...Will post the Link here
+1 Reply
To get Tim's Indicator:
TimWest Long Short Filters

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LudmilaHanania
2 years ago
Hi Chris, i would appreciate it very much if you can do these for me , i use these as my main ones and i will never be able to code myself
1.Victor Sperandeo's B2B
2. When price reaches top or lower Acceleration bands factor .001 length 80
3.When price reaches top or lower 2 Linear Regression deviation band
4. If the Bollinger bands get too far away from each other , more than standard within certain bars

thank you very much
Reply
ChrisMoody PRO LudmilaHanania
2 years ago
Found the B2B in his book. Funny b/c the guy who referred me to his book...Is also a great trader. I took his mentorship a couple of years ago...and he developed a indicator he sells for 3K+...however it marks the lines that Victor shows in his books...this guy calls it a Cross.....Re Cross. I showed the indicator to a few people and they all wanted it....it's convenient to have but all it's doing is looking back at previous highs and lows and plotting the lines...It's obvious if you look at the charts.

That setup is much more difficult to program than many people would think...It's surprisingly difficult to make the computer understand what we can visually see in those situations. I have it in the back of my mind and I'm sure I will figure out a good solution some day. But unless you know of an existing indicator...It will definitely be a while before I code it. PineScript would have to add a few features that aren't there yet...but will be coming down the road.
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LudmilaHanania ChrisMoody
2 years ago
Thanks Chris, is the guy's name Michael by any chance? The thing with Trader Vic is he is truly old generation, he does not use any of the new technology, though he has many quants . researchers and coders working for him at Alpha, he still trades like he did 30 years ago, using bar charts only and his own methods, nothing programmed or for sale.
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ChrisMoody PRO LudmilaHanania
2 years ago
No not Michael...I'll get to coding it one day...but it will be a while
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Algyros PRO ChrisMoody
2 years ago
Chris,
Would it be possible to develop an indicator of the following with buy and sell signals (or color coded lines, etc.): http://stockcharts.com/h-sc/ui?s=$OEXA200R&p=W&yr=1&mn=0&dy=0&id=p87822002738&a=334539307?

As others have said, thank you very much for your incredible work.
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ChrisMoody PRO Algyros
2 years ago
All I see on that link is settings for RSI, Slow Stoch, and MACD....I don't see any Buy/Sell signal Criteria....

Write out your Buy/Sell Criteria
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Algyros PRO ChrisMoody
2 years ago
Sorry about that.

Buy criteria:

OEXA200R above 65.
Two of the following three are true:
RSI above 50
Slow Sto -- positive cross
MACD -- positive cross

Sell is when the above are not true (i.e. the OEXA200R is below 65 and none or 1 of the indicators are positive).

Short when the above not true and the OOEXA200R is below 50.
Reply
elp
a year ago
Chris. Could you make this available to use with T3 moving averages?
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