Build a Powerful Bollinger Bands Reversal Indicator for ThinkOrSwim in 15 Minutes

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  • Опубликовано: 19 ноя 2024

Комментарии • 53

  • @sjsphotog
    @sjsphotog 3 месяца назад +1

    fantastic vid and script. thanks so much. keep knocking it out of the park!

  • @JTMEGA986
    @JTMEGA986 9 месяцев назад +2

    Fantastic, thx so much

  • @TheUndertaker19
    @TheUndertaker19 8 месяцев назад +2

    man awesome indicator as always! its possible to get the alert every time candle closed out of the bollinger band?

    • @TOSIndicators
      @TOSIndicators  8 месяцев назад +3

      Thank you! You can create alerts by turning the indicator into a scan, using a process similar to the one described in this video: ruclips.net/video/xvLiuEz60f4/видео.html

  • @Bm09132
    @Bm09132 Год назад +3

    I love this channel.. can you please write a script for the buy and sell signals for column watchlist based on this simple bollinger bands indicator ? thank you soo much and God Bless🤝

    • @TOSIndicators
      @TOSIndicators  Год назад +2

      Hi Harfiz - I can add that as a list of ideas for future tutorials. You may find this tutorial helpful in the meantime, if you'd like to learn how to translate this indicator into a custom quote script for watchlists: ruclips.net/video/efjzbR6VBNU/видео.html

    • @Bm09132
      @Bm09132 Год назад +1

      @@TOSIndicators Thanks a lot for your response.. your videos and website is my go to for my researches / resources

  • @psx2514
    @psx2514 4 месяца назад +1

    Will this work if you change the length of your Bollinger Bands to 200?

  • @chandrasekhar7708
    @chandrasekhar7708 3 месяца назад +1

    Can I get this indicator in pine script form? I want to use in Tradingview

    • @TOSIndicators
      @TOSIndicators  3 месяца назад +1

      ThinkOrSwim only at the moment

  • @TheUndertaker19
    @TheUndertaker19 7 месяцев назад +1

    Hello! It’s possible to add this indicator in different timeframes at the same chart? For example see the 3m,5m,10m,15m arrows in the 1m chart?

    • @TOSIndicators
      @TOSIndicators  7 месяцев назад +2

      Hi there - you could use these tutorials as a starting point, to learn how to build an MTF indicator:
      - tosindicators.com/indicators/multiple-moving-averages
      - tosindicators.com/indicators/mtf-squeeze
      - tosindicators.com/indicators/mtf-dmi
      You can apply a similar concept to building a MTF BB Reversal indicator, creating variables for each of the different time frames, and bringing them all together.

    • @TheUndertaker19
      @TheUndertaker19 7 месяцев назад

      @@TOSIndicators I plan try to apply the same with edge signals, Keltner channels wedges, slingshot squeeze and squeeze signals. Been watching all the tutorials, and you always suggest confirm move w these indicators on larger timeframes (3m,5m,15m,30m), imagine how comfortable could it be for 1m scalpers, having all these information straight forward in front at one chart per ticker, I think could be a game changer, in together with the volatile box D and hourly. For example arrows represento by the different timeframes can be identified with bubble or something more clean like show on hover, so you can identify quickly to what timeframe correspond the signal arrow. Does this make any sense for you? Maybe something to think about in for future development? Of course we would also add existing tools like the MTF Triple Squeeze and MTF market pulse. Man, this setup could be game changer. Let me know your opinion and/or if you think or if it’s just crazy and not do-it-able. Thanks for everything!

  • @chrisberry9220
    @chrisberry9220 9 месяцев назад +1

    Awesome video! How would you scan for this custom indicator?

    • @TOSIndicators
      @TOSIndicators  9 месяцев назад +2

      Hi Chris - if you haven't changed the name of the indiator, you could get away with using the two plot variables with something like "plot signal = TI_BollingerBands_Reversal().bullSignal;"

    • @chrisberry9220
      @chrisberry9220 8 месяцев назад

      Thank you for the reply and guidance! It was helpful and I was able to successfully set up a scan for the indicator.@@TOSIndicators

  • @dennisjames2546
    @dennisjames2546 Год назад +2

    I would like to download the script not the video so I can copy and paste in to TOS. Is there a link somewhere?

    • @TOSIndicators
      @TOSIndicators  Год назад +2

      Hi Dennis - Download link for the indicator file is in the description box. If you need help importing the indicator into ThinkOrSwim, here's a step by step guide that should help you: tosindicators.com/thinkscript/how-to-import-thinkorswim

  • @TheWinghochui
    @TheWinghochui Год назад

    Thanks for your sharing!

  • @honagster
    @honagster Год назад

    Just found your channel. Thanks for the instructions. How do I make it so it signals at the 2.5 deviation instead?

    • @TOSIndicators
      @TOSIndicators  Год назад

      You would need to add in the appropriate settings you'd like when referencing the Bollinger Bands in the code (lines #7-9).

  • @BenjaminHale-pm6yc
    @BenjaminHale-pm6yc Год назад

    Great video. I see that in some areas there can be up to 5 sell / buy options in a row. How do you navigate these? Is it an experience thing or could it be corrected with further code refinement? Thanks a bunch.

    • @TOSIndicators
      @TOSIndicators  Год назад

      Hi Benjamin - If they are back to back, you can use the trick of only plotting the signal if the conditions are true on the current bar, but not on the previous bar. Example: plot signal = bull and !bull[1];

    • @BenjaminHale-pm6yc
      @BenjaminHale-pm6yc Год назад

      Thanks for the reply. What line # would I place this new code in? Also, when I’m running this code I’ve seen quite a few instances of multiple sell options on an upward trend and multiple buy options on a downward trend. They are not back to back. Would I need to tinker with the standard deviations and average here? Thanks again.

    • @TOSIndicators
      @TOSIndicators  Год назад

      The above 'plot signal' is an example. To incorporate into your code, you would need to use a similar logic as the example for the two plot variables tied to the arrows. To your second question, tinkering with the SD should help to reduce some of the noise... you can also add in more indicator filters, boolean conditions, etc. Hope that helps.

  • @jleoarsenault6107
    @jleoarsenault6107 Год назад

    All your content is helpful love it. Question the TTM-LRC indicator they plots higher /lower lines for when a ticker reaches it rejects line bands. Is there a way to creat a scan on this plus using RSI ??? Thanks

    • @TOSIndicators
      @TOSIndicators  Год назад +1

      You can test that out by creating a boolean variable that combines the relevant plot variables of each indicator, and combines them into a bull / bear condition, for which you're looking to scan.

    • @jleoarsenault6107
      @jleoarsenault6107 Год назад

      @@TOSIndicators is there a video that you have done to reference what u saying ??

    • @TOSIndicators
      @TOSIndicators  Год назад

      Yep! You can find some examples of turning a pre-built indicator in TOS into a scan on our website here: tosindicators.com/scans/

  • @TJ_Undercover_Millionaire
    @TJ_Undercover_Millionaire Год назад

    Thanks for your video; what should i do after downloading the indicator? i couldn't open the file. Thanks

    • @TOSIndicators
      @TOSIndicators  Год назад +1

      Hi TJ - If you need help importing the indicator into ThinkOrSwim, here's a step by step guide that should help you: tosindicators.com/thinkscript/how-to-import-thinkorswim

    • @TJ_Undercover_Millionaire
      @TJ_Undercover_Millionaire Год назад

      thank you so much

    • @TJ_Undercover_Millionaire
      @TJ_Undercover_Millionaire Год назад

      @@TOSIndicators Could you also tell me what script or indicator do you recommend here which is useful for shorting small caps? Thanks

  • @RG-xn7zy
    @RG-xn7zy Год назад

    Quick question sounds silly but how do you build a scan/list for stocks trading 10% above or 10% below 200 day simple moving avg? Sincere Thanks

    • @TOSIndicators
      @TOSIndicators  Год назад

      Hi RG - here's a tutorial which walks through defining a SMA, and tracking price above / below it (the example is for a reversion to the mean, which you can modify for your use case): ruclips.net/video/4MOBbQtJpts/видео.html

  • @TL50-r9f
    @TL50-r9f Год назад

    Nice script. I changed it to work for Keltner channels for ATR and I also use TTM_LRC lines for Standard deviations. Regular Keltner channels factor of 2.0 works better

    • @allibeni834
      @allibeni834 11 месяцев назад

      How do you change it to work for Keltner Channel, i tired but getting an error on midline.

  • @DownTheHill3
    @DownTheHill3 Год назад

    just for funz, I changed the std deviation of the BBands to +/- 3 and +/ - 1 and none of the arrows changed...I copied ur coding exactly, troubleshoot?

    • @TOSIndicators
      @TOSIndicators  Год назад

      You can download the indicator from our website, and compare with your version to see where you may be facing issues. Alternatively, you can also use the chart bubbles technique to debug your code, and trace down your root issue: ruclips.net/video/1KO0H4UZrxY/видео.html

  • @stevechang1969
    @stevechang1969 5 месяцев назад

    i tried to download but it doesnt work. can you paste the code on here?

    • @TOSIndicators
      @TOSIndicators  5 месяцев назад

      Hi Steve - If you need help importing the an indicator into ThinkOrSwim, here's a step by step guide that should help you: tosindicators.com/thinkscript/how-to-import-thinkorswim

  • @mamanette2000
    @mamanette2000 11 месяцев назад

    I followed along and this did not work. I also signed up on your page and the video didnt work and there is no code to just download and add to TOS.

    • @TOSIndicators
      @TOSIndicators  11 месяцев назад

      You can download the indicator code on our website, and compare with your version to see where you may have typos, etc.: tosindicators.com/indicators/bollinger-bands-reversal

  • @sfranks7727
    @sfranks7727 Год назад

    I was unable to get this downloaded. Not sure why.

    • @TOSIndicators
      @TOSIndicators  Год назад +1

      If you need help importing the indicator into ThinkOrSwim, here's a step by step guide that should help you: tosindicators.com/thinkscript/how-to-import-thinkorswim

    • @sfranks7727
      @sfranks7727 Год назад

      @@TOSIndicators I have downloaded it, but it would not open or connect to my TOS.
      I am not computer savy.

    • @TOSIndicators
      @TOSIndicators  Год назад

      Instructions are in the video linked above, on how to import to TOS.

  • @victordancel4393
    @victordancel4393 Год назад

    it show video. Can you share it or link it pls..

    • @TOSIndicators
      @TOSIndicators  Год назад +1

      Hi Victor - Download link for the indicator file is in the description box. If you need help importing the indicator into ThinkOrSwim, here's a step by step guide that should help you: tosindicators.com/thinkscript/how-to-import-thinkorswim

  • @edussabe
    @edussabe Год назад

    MT4 OU MT5?????