ChrisMoody

CM Sling Shot System

Sling Shot System + Even Better System.

I get this email about a Trend Following System that sells for $1000 but I could get it that day for only $500!!!

I watch the video showing this Amazing System which may have taken me an entire minute to figure out the code.

I code it up. And Hey…It’s not a bad system. It’s good for people who may need a Entry Signal to get them in a Trending Move, and KEEP them in a Trending Move while providing a defined Stop.

So I thought I would save the community the Very Fair price of Only $500 for a system that consists of a couple of EMA’s and a few Rules…and give it to you for free.

See Link Below for Main Chart Showing 2nd System!!!
Remove from Favorite Scripts Add to Favorite Scripts
//Created by ChrisMoody on 10-05-2014
//Known as SlingShot Method that keeps Traders on Trending Side of Market.
study("CM_SlingShotSystem", overlay=true)
sae = input(true, title="Show Aggressive Entry?, Or Use as Alert To Potential Conservative Entry?")
sce = input(true, title="Show Conservative Entry?")
st = input(true, title="Show Trend Arrows at Top and Bottom of Screen?")
def = input(false, title="Only Choose 1 - Either Conservative Entry Arrows or 'B'-'S' Letters")
pa = input(true, title="Show Conservative Entry Arrows?")
sl = input(false, title="Show 'B'-'S' Letters?")

//EMA Definitions
emaSlow = ema(close, 62)
emaFast = ema(close, 38)
//Aggressive Entry or Alert To Potential Trade
pullbackUpT() => emaFast > emaSlow and close < emaFast
pullbackDnT() => emaFast < emaSlow and close > emaFast
//Conservative Entry Code For Highlight Bars
entryUpT() => emaFast > emaSlow and close[1] < emaFast and close > emaFast
entryDnT() => emaFast < emaSlow and close[1] > emaFast and close < emaFast
//Conservative Entry True/False Condition
entryUpTrend = emaFast > emaSlow and close[1] < emaFast and close > emaFast ? 1 : 0
entryDnTrend = emaFast < emaSlow and close[1] > emaFast and close < emaFast ? 1 : 0
//Define Up and Down Trend for Trend Arrows at Top and Bottom of Screen
upTrend = emaFast >= emaSlow
downTrend = emaFast < emaSlow
//Definition for Conseervative Entry Up and Down PlotArrows
codiff = entryUpTrend == 1 ? entryUpTrend : 0
codiff2 = entryDnTrend == 1 ? entryDnTrend : 0
//Color definition for Moving Averages
col = emaFast > emaSlow ? lime : emaFast < emaSlow ? red : yellow
//Moving Average Plots and Fill
p1 = plot(emaSlow, title="Slow MA", style=linebr, linewidth=4, color=col)
p2 = plot(emaFast, title="Slow MA", style=linebr, linewidth=2, color=col)
fill(p1, p2, color=silver, transp=50)
//Aggressive Entry, Conservative Entry Highlight Bars
barcolor(sae and pullbackUpT() ? yellow : sae and pullbackDnT() ? yellow : na)
barcolor(sce and entryUpT() ? aqua : sce and entryDnT() ? aqua : na)
//Trend Triangles at Top and Bottom of Screen
plotshape(st and upTrend ? upTrend : na, title="Conservative Buy Entry Triangle",style=shape.triangleup, location=location.bottom, color=lime, transp=0, offset=0)
plotshape(st and downTrend ? downTrend : na, title="Conservative Short Entry Triangle",style=shape.triangledown, location=location.top, color=red, transp=0, offset=0)
//Plot Arrows OR Letters B and S for Buy Sell Signals
plotarrow(pa and codiff ? codiff : na, title="Up Entry Arrow", colorup=lime, maxheight=30, minheight=30, transp=0)
plotarrow(pa and codiff2*-1 ? codiff2*-1 : na, title="Down Entry Arrow", colordown=red, maxheight=30, minheight=30, transp=0)
plotchar(sl and codiff ? low - tr : na, title="Buy Entry", offset=0, char='B', location=location.absolute, color=lime, transp=0)
plotchar(sl and codiff2 ? high + tr : na, title="Short Entry", offset=0, char='S', location=location.absolute, color=red, transp=0)
Chris - Well done!
+1 Reply
Link to Post with Both Systems
Sling Shot System Vs. AKA The Sling Shot Crusher!!  2nd Post

+3 Reply
Nice system, thanks Chris.
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Very Nice
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ChrisMoody PRO ehtishamiqbal
Thanks
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golddiamond1 ChrisMoody
@ChrisMoody,


Hi Chris,

Can I still get the Sling Shot System + Even Better System to Metarade4 please

thanks
Al
+3 Reply
ChrisMoody PRO golddiamond1
@golddiamond1, Not sure what you mean by "Still"...only TradingView code is supported here...Sorry
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Chris, I have some problems in may graph with your indicator. Can you help me,
snapshot
snapshot
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Donzen alexeyhoroshunvk
try to do zoom in
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I tried but it doesn't help.(
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ChrisMoody PRO alexeyhoroshunvk
Notice how on the right side price axis it's showing a wide range of prices. Right Click on those numbers...and a pop up window will come up and at the top there will be an option to Reset Scale. That's what you want to select. If that doesn't solve it PM me....there is another setting somewhere but 99% sure that will solve issue...

There is nothing in the code that would cause this.
+3 Reply
Thank you Chris! Solved! Thank you for your great system!
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ChrisMoody PRO alexeyhoroshunvk
No Problem...
+1 Reply
madshock Donzen
actually the thing that is messing it up is the trend arrows.. Uncheck it in the settings and you are good to go. :)
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Hi Chris,

I am having trouble with charts not loading. Some charts load and others don't. When the chart loads it happens quickly. When it doesn't load, it sits and CM_SlingShotSystem says, "Loading". Is this a Tradingview Issue?
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Codetrader Codetrader
Examples:

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snapshot
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ChrisMoody PRO Codetrader
Technology!!!! First when I publish these codes I try an implement every option PineScript offers so people can see what options are available. This is a good lesson b/c that = not the most efficient way of coding. With that being said...The code is not so extensive that it should be creating this problem. So here are the 3 Variables...per se.

Your Computer/Internet Provider:
This is a HTML5 platform so depending on your operating system and web browser both have a certain amount of "Memory" that stores data and these can become overloaded.
Solution#1 Restart computer. I have full 64bit operating system, use 64 bit web browsers, and I have 32GB of high speed ram on my computers. Sometimes I have way too many tabs open in my web browser with TradingView running on all of them. The same issue happens to me. Restart...Problem solved most of the time.

Internet.
Benefit of TradingView' s technology is all of these calculations are being calculated on extremely powerful servers and streamed to you as small data files. So if your Internet and/or ANY "DataPoint" the information has to pass through between your house and TradingView's servers gets bogged down...this is the result.. Technology...it's great as long as it's working!!!

TradingView's Servers:
Although they pay for and use the best...sometimes there is server maintenance running in the background. At these times depending on if 20K TradingView users are logged in or 60K users. This makes a difference and is another variable.

Technology!!!! It's wonderful as long as all variables of the technology are working perfectly...That's all I can say.
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Codetrader ChrisMoody
Thanks for the info. As it turns out I think I was running too many charts. I closed them all down, restarted my computer and that seemed to take care of things. It wasn't a Tradingview thing......It was a ME thing...

Thanks
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ChrisMoody PRO Codetrader
Restarting is the "Magic Fix" in 99% of the issues with Electronics.
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Codetrader ChrisMoody
Hi Bob,

We had a partial interruption in indicator calculation for some users yesterday for about 15 minutes. We do our best to prevent any issues, but sometimes they happen.
Our apologies for any inconvenience.

Regards,
TradingView team
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fcha PRO Codetrader
Hi, did you fix it. I have the same problem.
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Number one Chris ! ;-)
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Hi Chris
Thanks a lot for saving...500 bucks or so
I have another request for...
Do you know pimpmyea?
Very good indicator
do think getting "potenzaonchart" on the run?
It's coming from the family "potenza" indicator and they measure currency strength in a real cool way
You get this code at the www
But I although bought three indicators from their site, because they are Profis
Tell me what your thinking...
Andreas

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Your Text didn't come through right... PM me the Website and I will take a look
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Codetrader andreas73
is this the site http://www.pimpmyea.com/potenzafx-groups/
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Chris, Thanks for all and I got your message. I have the same problem to loading the code. I believe you know this "Hindenburg Omen Indicator" to predict and to avoid stock crash. I try to search but cant find yet.
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I've heard of the Indicator...Not familiar with it. The people I've spoken to haven't been too impressed...but I've never taken the time. If you find a link...Let me know. Actually PM me with it...I don't always see theses updates...
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fcha PRO ChrisMoody
ok!
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Yeah code trader that's it...
Try your luck and experience
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Thank You Chris
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No Problem....
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Really great work Chris!! Could you please advice how to set alert for the arrows??? Thanks in advance
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ChrisMoody PRO chrispap75
2 Things...

1. Check out this post...there is a better system that has been posted since this post...I cover it here:
Sling Shot System Vs. AKA The Sling Shot Crusher!!  2nd Post


2. Here is a link to ucsgears version: https://www.tradingview.com/v/nF1FUwyW/#tc105680
I'll ask him to republish with alert capability
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Hey would you please tell me where can I get the codes for mt4 platform?
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Kudos to your programming and helping us all trying to make money! I do have a question and idea.

Program the Darvas Box system with the following improvements: (a) Add an ADX strength indicator to identify the probability or strength of breaking through the top or bottom of the box along and (b) A fast stochastic to confirm a local top or bottom to signify a reversal. This should be supported against the high time frame fractal. For example, the Darvas Box plus indicators in a high time frame - looking for a breakout in an uptrend or looking for a reversal at the bottom of the box in an uptrend?
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I get an error massage with this script on the first line
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Chris your knowledge is so great. Keep up the good work
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Hi there, please forgive my ignorance, but one I copy the code above, where do I insert it? Please HELP!

Many thanks

Celeste
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I had the same problem @Celeste, Click on Indicators in your Trading View screen, then Favourites and you should find it there >>>>
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Thanks a lot Chris for sharing. I would not pay $500 for it, but it's a really great indicator for FREE :)
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where is now the link?
is it aplicable in mt4?
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Excellent!Thank you.
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Thanks for the system,it really works on long term.....Chris/Anybody can help with stop and exit rules please?
+2 Reply
HI chris thx for that system.. can you request the best timeframe to this system? And good entry/Exit oppurtunities
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Thanks so much Chris
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Hello Chris,

I loved this innovative system. Just wondering, though, if it might be a good idea to just trade off the change of color of this band (buy on green, reverse on red almost like a PSAR ) on a 5 minute chart of an index (I like to watch Nifty)? Any thoughts that you can provide on this would be very much appreciated. I have manually checked it for the last 3-4 months, but do not have a back-testing tool to check this for a larger period.

Also, I am unable to set an alert to trigger whenever the color of the band changes ... the only options I see for setting alerts are the aggressive and the conservative entries. Do you think this 'color change' alert can be incorporated, or is it already there and if I am missing something ?

Thanks a lot

Rajiv
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Hi Chris,

Further to my previous message, more specifically, how may I put in an alert for a 'trend change' on your system?

Thanks again

Rajiv
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First...there is a better system created.

Go to this thread first and read it.

Sling Shot System Vs. AKA The Sling Shot Crusher!!  2nd Post


As you'll see I combined a system from ucsgears and then asked him to post the updated system.

After you read the first thread the link to ucsgears version is

https://www.tradingview.com/script/nF1FUwyW-CM-UCS-Modified-SlingShot/#tc105680

Check with ucsgears to see if he enabled alerts. if not leave a message below.
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errands ChrisMoody
Thanks a lot, Chris. I checked out the new system .. it is undoubtedly good and detailed.

FYI, I use a supertrend (tweaked a little bit to 7,7) to put trailing stop losses, and a simple ADX (without the DI lines, 14,14) to determine the strength of the trend. I like your 'CM_sling shot system' version immensely because of its simplicity. Therefore, a capability to create an alert system for a trend change on this version would be of great help. I do not intend to use the aggressive and conservative entries (and have therefore not even displayed them on the chart), at least for now as these three indicators are able to help me take a decision.

Any further suggestions are most welcome.

Rajiv
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It's easy to do...but I need 2 things.

1. The Exact rules/conditions that would create the alert. I have no idea if your just using the SuperTrend change in condition based on Buy and Sell Occurrences, or if your using the Sling Shot with the Supertrend, and/or if your using the ADX in any way.

2. I would need the code for the SuperTrend. So link to post that uses Exact code...or you can post the code in DropBox link, Google Docs, etc so I can see the code.

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errands ChrisMoody
Dear Chris

I use the sling shot (38-62) basically to know which direction to trade in, and also as a potential trigger. I was able to create an alert of the 38-62 cross so that's done.

The buy rules as I have set out after a few hits and trials are as follows:

1. Wait for an alert for 38-62 upward cross (and therefore a change of the color of the band from red to green, which incidentally has a great visual feel to it)
2. Now look for a buy entry when the DI + is above 20, the DI - is below 20, and the ADX has moved up at least by 0.25 from its previous level (irrespective of its value). This would be the valid entry signal.
3. Keep a trailing SL of the higher EMA (62)
4. Exit when the DI + crosses down the DI-, or the band changes color, or SL is hit, whichever occurs first.

Exact opposite for the sell entries. However, I would really, really like your inputs on whether this makes for a robust system. You are a master trader, I am a relative novice. Therefore any advise from you would be most welcome.

No, I am not using Supertrend as it seems to be adding to my confusion.

Thanks

Rajiv
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errands errands
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Tikoo ChrisMoody
Please how can i upload it in my MT4
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Thanks Chris!
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Love it!
Works perfect with Brazilian shares!
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I am looking to code alert into the sling shot strategy. Can anyone help me code an Alert into this indicator. I need one for change in trend and another for the buy/sell signals. Is there a way to screen all the stocks based on this indicator. So basically taking all the NASDAQ stocks and filtering out the ones that are currently in uptrend or have a buy/sell signal? Is this possible?
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I want this indicator for my mt4. How do I download it? and where's the link to get it?
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what is the best time chart to use this for binary options ?
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cannot copy the script!!!!!.pls tell me why.tq

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As usual, good stuff CM. Thanks.
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Hi Chris, is there a way to get an alert every time the lines switch from red to green? or green to red? thanks for sharing
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