Re-engineer 3xoptions.com Traffic Light Options indicators used

StockFetcher Forums · General Discussion · Re-engineer 3xoptions.com Traffic Light Options indicators used

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smartguy 47 posts msg #144101 - Ignore smartguy	7/15/2018 10:23:15 PM Mark Helwig is promoting a new advisory service called Traffic Light Options which relies on the confluence of 3 indicators. I have attached pictures of what the conditions are, and pictures of the 3 indicators used. They are all 3 "proprietary indicators"- TOP Momentum, TOP Cycle, and TOP IDA. I was hoping someone could have a look at the indicators used and help me identify similar indicators to use. I ideally would like to design a Stockfetcher scan to identify the setups. Any help would be appreciated. They are not selling the indicator at this time, only an advisory service. They are actively marketing this on webinars so you might want to signup and watch one. Looks fairly impressive. Code: https://ibb.co/euuRST Code: https://ibb.co/kzVcZ8 Code: https://ibb.co/c8aKE8 Code: https://ibb.co/fvoBST They use the signals in a stoplight fashion so an actual signal looks like this when all 3 allign Code: https://ibb.co/e9f87T Code: https://ibb.co/fxkrST They only trade at the money calls and puts- the theory is the traffic light signal not only signals a directional move, but also an increase in momentum thus finding fast hard moves. Here are pictures of the actual step by step process- Code: https://ibb.co/kzVcZ8 Code: https://ibb.co/c8aKE8 Code: https://ibb.co/fvoBST Thanks in advance
four 5,087 posts msg #144103 - Ignore four	7/16/2018 3:13:35 AM Perhaps experiment with these 3 indicators with these requirements: `Momentum `RSI `Stochastic Needs: Entry, Exit (profit and loss), Position Size... Fetcher[ optionable low > 20 volume > 121321 draw Momentum(12) > 0 draw rsi(12) 1 day ago > 40 draw Stochastic %K(15,5,3) crossed above 30 draw Momentum(12) line 0 draw rsi(12) line 40 draw Stochastic %K(15,5,3) line 80 ]
smartguy 47 posts msg #144105 - Ignore smartguy	7/16/2018 10:35:45 AM Four- thank you for getting this started. I think a bit more info will help get this going further. The first condition requires involves the indicator measuring momentum. They only consider continuing momentum, meaning momentum must continue to be positive, but to start heading higher again like in this picture Code: https://ibb.co/kzVcZ8 Condition 2 is based on an indicator that measures cycles. Not sure what indicator it is so looking for something similar. It needs to be turning higher like this picture. Code: https://ibb.co/c8aKE8 Condition 3 is an indicator that measures the relationship from close to open. Need help identifying a similar indicator. It needs to go from negative to less negative or better yet positive like this picture. Code: https://ibb.co/fvoBST I think the way it will need to display is like a ribbon indicator similar to this indicator in the picture Code: http://forexblog.biz/wp-content/uploads/2015/03/Ribbon-Trader-Indicator.jpg Probably the best display would be green in each condition ribbon when it is true and an additional ribbon that only displays when all conditions are true. The signal would be the first bar where all conditions are true. Shorts are just the opposite. Here is an example of one of there trades Code: https://ibb.co/htk0uJ Thanks in advance for any help on this project
SAFeTRADE 641 posts msg #144108 - Ignore SAFeTRADE modified	7/16/2018 12:14:41 PM Here is a differewnt take on the study. Fetcher[ set{a, close - open} set{b, close - high} set{c, a + b} set{d,close - low} set{e, c + d} set{pain, e / 2} set{xx, high + low} set{xx2, xx + close} set{xx3, xx2 / 3} set{vmult, atr(10) * 1.5} set{vstopu1a, low 10 day low + vmult} set{vstopu2a, xx3 + vmult} set{vstop, min(vstopu1a 1 day ago,vstopu2a)} add column pain draw pain line at 0 set{a1, close - open} set{b1, close - high 10 day high} set{c1, a1 + b1} set{d1,close - low 10 day low} set{e1, c1 + d1} set{pain1, e1 / 2} draw pain1 line at 0 close > close 1 day ago close > close 2 days ago close > close 3 days ago close > close 4 days ago close 1 day ago < or = close 2 days ago close 1 day ago < or = close 3 days ago close 1 day ago < or = close 4 days ago close 2 days ago < or = close 3 days ago close 2 days ago < or = close 4 days ago close 3 days ago < or = close 4 days ago draw macd(5,8,3) draw rsi(5) set{aa, count(macd(5,8,3) fast line above 0,1) * count(rsi(5) above 60,1)} set{green_light, count(pain1 above 0,1) * aa} draw green_light add column green_light volume above 1000000 draw vstop on plot price ]
smartguy 47 posts msg #144118 - Ignore smartguy	7/16/2018 5:29:18 PM Thank you SAFeTRADE for adding your input. Can anybody else take a shot at the original concept of the traffic pattern indicator. Thanks for any and all input.
johnpaulca 12,036 posts msg #144135 - Ignore johnpaulca modified	7/17/2018 2:33:05 PM he uses a TSI(12,21) not RSI. TSI has the double smoothing
johnpaulca 12,036 posts msg #144136 - Ignore johnpaulca modified	7/17/2018 4:11:00 PM Bottom indicator is a stochastic indicator = trigger missing is the cycle indicator??
smartguy 47 posts msg #144138 - Ignore smartguy	7/17/2018 6:51:41 PM Thank you for your contributions johnpaulca. Once we figure out the cycle indicator component, we will need some help constructing the actual scan. Many thanks so far.
smartguy 47 posts msg #144146 - Ignore smartguy	7/18/2018 6:37:12 PM They have another webinar coming up on 7/25/18 at 8PM EST. Here is the signup page if anyone is interested in seeing how this indicator works and it's trading potential- https://threexoptions.lpages.co/3x-180711-3-light-options/
four 5,087 posts msg #144147 - Ignore four	7/18/2018 10:29:51 PM https://www.investopedia.com/articles/forex/10/schaff-trend-cycle-indicator.asp

StockFetcher Forums · General Discussion · Re-engineer 3xoptions.com Traffic Light Options indicators used

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