snappyfrog
721 posts
msg #154036
- Ignore snappyfrog
modified |
9/15/2020 7:08:24 PM
I searched but didn't find anything on this subject. I am using this to scalp on day trading using the 5 min - 60 min on ToS.
This is very rudimentary at this point and I am using the weekly as the signal so as not to enter the trade to soon. I included the symlist so you can see near the in early July and late August how it comes into weekly, then monthly and then quarterly continuity.
Any ideas or additions would be greatl appreciated.
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Cheese
1,374 posts
msg #154037
- Ignore Cheese |
9/15/2020 8:39:37 PM
snappy,
Try searching for
multiple timeframe
multiple time frame
multi timeframe
multi time frame
There should be plenty of trading and charting literature written about those topics.
Have fun and good luck
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Cheese
1,374 posts
msg #154038
- Ignore Cheese |
9/16/2020 1:22:42 AM
Would these help you?
https://scan.stockcharts.com/discussion/1809/timeframe-continuity-scan-help
https://www.reddit.com/r/UncleRyanAZ/comments/hn40ja/free_time_frame_continuity_setup_and_thinkorswim/
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snappyfrog
721 posts
msg #154039
- Ignore snappyfrog |
9/16/2020 12:29:53 PM
Yes, thanks Cheese
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Cheese
1,374 posts
msg #154042
- Ignore Cheese |
9/16/2020 7:31:31 PM
snappy,
I've spent some time on your FTFC filter above, but could not see the advantage over mMAs or Guppys.
How should we use it?
Thanks
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nibor100
1,031 posts
msg #154043
- Ignore nibor100 |
9/16/2020 8:12:01 PM
@Cheese,
1. I'm curious how you are determining "advantage" of a filter related to Guppy's/multiple Mavgs?
Do you have a Guppy filter that you are using that specifically filters out candidate stocks for trading based on some Guppy moving average recent activity such as crossovers or spacing, or compression etc.? if so please post the filter so we can compare "advantage" for ourselves.
2. I think he is day trading stocks returned by his FTFC filter for quick scalps primarily based on his var2/weekly criteria being false yesterday and true today while all other filter variables are true today.
Thank,
Ed S.
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Cheese
1,374 posts
msg #154044
- Ignore Cheese |
9/16/2020 9:01:35 PM
Thanks for explanation, Ed.
snappyfrog said his filter is rudimentary, and I'm about to disppoint you with my rudimentary comparison.
I ran snappyfrog's filter against SP500 and got 3 picks IVZ,VAR,YUM end of day Sep 16, 2020.
I then used movring averages for var1,var2,var3,var4 instead of FTFC conditions
and I couldn't get clearer picture with FTFC.
So, it's my limitations and an honest quest for a better approach, not a criticism by any means.
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Cheese
1,374 posts
msg #154045
- Ignore Cheese |
9/17/2020 10:13:34 AM
@snappyfrog @nibor100
Thanks for the FTFC ideas
You may be interested in some of the user-programmed indicators on tradingviews
showing multiple timeframe levels on the same charts. Pretty clear and clever.
Just search for multi.
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nibor100
1,031 posts
msg #154047
- Ignore nibor100 |
9/17/2020 11:46:22 AM
@Cheese,
Thanks for the explanation, and I wasn't disapointed as I found your approach interesting.
Below are a couple of tweaks, mostly the standard Guppy's, to both, his FTFC filter and your comparing filter:
Thanks,
Ed S.
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Cheese
1,374 posts
msg #154051
- Ignore Cheese |
9/17/2020 4:29:01 PM
Thank you very much, Ed.
Adding Guppys highlights the trends.
So, it seems like I could use snappyfrog's FTFC to pick,
and your Guppy for decision support with underlying trends.
I also like those small chart panels in snappyfrog's FTFC filter.
Thank you both.
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