abelincoln
126 posts
msg #103157
- Ignore abelincoln |
10/30/2011 9:50:06 PM
Need help, to code colour for over bought and oversold on market watch table. Tried reference guide color topic no help.
Thanks
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gmg733
788 posts
msg #103159
- Ignore gmg733 |
10/30/2011 10:26:17 PM
did you reach out to the thinkscripter forums for help?
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abelincoln
126 posts
msg #103160
- Ignore abelincoln |
10/31/2011 2:33:01 AM
Thanks gmg733 for the referral lead, much appreciated
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bkhurana43
103 posts
msg #103162
- Ignore bkhurana43
modified |
10/31/2011 8:05:57 AM
Please do let me know on this site if you have achieved your goal.
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abelincoln
126 posts
msg #103174
- Ignore abelincoln |
10/31/2011 8:32:47 PM
Goal achieved
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bkhurana43
103 posts
msg #103180
- Ignore bkhurana43
modified |
11/1/2011 8:32:00 AM
Would you mind posting your TOS script for the benefit of this community? However contact info on help provider would be an added advantage.
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abelincoln
126 posts
msg #103212
- Ignore abelincoln |
11/2/2011 9:29:05 PM
help provided by tos support,
""""""""""""""""""""""""""""""""""""""
plot x = RSIWilder();
assignbackgroundcolor(if x >= 80 then Color.green else if x <= 20 then color.red else Color.CURRENT);
""""""""""""""""""""""""""""""""""""""
hope this helps (feels good not to be a friggin leech all the time, almost forgot what Bulletin Boards were about)
heres another observation
using the lr1, and a large ma and a short one you can see when the option price gets squeezed so tight between the lr1 and the short term ma that it must pop and reverse...the reverse option however is not the action its the opposing option that is in play...from observation Oz will never show the in play till after the play is well started (probably those super computers with future modeling of the future action)...kinda like on opex of the weeklys last week, there was no squeezeing, to say either or, so until the guru mentioned the ah volume activity, it then made sense why no squeeze was apparent, something bigger was going on...its funny cause during past observations of option activity, sometimes(havent checked lately) a supa spike will appear, of like 50k, it will stand tall like the tower of babe"l
share knowledge, you'll feel better - "don't hide it divide it"
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gmg733
788 posts
msg #103213
- Ignore gmg733 |
11/2/2011 9:45:47 PM
You have a graph of your later observation?
I have code for squeeze dots for ToS. Eric used to have it on his site and pulled it down because TTM 'patent' the indicator. Nonetheless, I found it.
Squeeze dots show you when Vol gets squeezed.
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abelincoln
126 posts
msg #103215
- Ignore abelincoln
modified |
11/3/2011 10:54:56 AM
How does Volume get squeezed? and who is Eric?
The observation of squeeze is on an option graph, OI was not part of observation...however the skews at or near those points are?
at one of the squeeze reversal points, I don't recall the day, when the guru made a call on the exact same option using the magic 3pm formula, I had already observed the reversal, earlier in afternoon, confirmed with the volatility charts< in another reversal due to squeeze the guru called the reversal an I was within minutes of the gurus call...this is labor intensive and you won't win any million$ competitions doing it this way, but there is a degree of confidence, when you see the lr1 flex and skew...as the option price gets squeezed
anyone got any articles on skewing (i'm guessing this to be implied volatility)...
there is a filter the guru put out, "timing the stocks with tops and bottoms..." and through observation when looking at the results on oct 28, several short etf's appeared, I knew something was up, cause the last time when I was actually paying attention, gold market exploded up, and the filter results the night before, provided an aggregate number of gold plays...
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gmg733
788 posts
msg #103221
- Ignore gmg733 |
11/3/2011 4:49:51 PM
Sorry, squeeze dots tell you when volatility is contracting and expanding in correlation to something like a bollinger band. If you look at BBs you see how some of the large moves come after a period of volatility compression/squeezing... etc. Squeeze dots inform you of the contraction and the expansion and serve as an indicator.
Eric is the guy who owns thinkscripter.com.
Sorry for the confusion.
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