Aliassmith Beats a "Dead Horse"

[aliassmith]

Alias,

would you mind taking a look at this indicator and letting me know what you think about the stop loss recommendations?

Code: Select all

 
//@version=5
indicator("RMA Range", shorttitle = ".7RMA", overlay = false)
rangeLen = input(12, title = "rLen")
relMA = ta.rma(ta.atr(3), rangeLen)[1] * 0.7
mid = (ta.lowest(relMA, rangeLen * 2) + ta.highest(relMA,rangeLen * 2) ) / 2
palette = relMA >= mid ? color.new(color.blue,15) : color.new(color.red,0)
palette2 = relMA >= mid ? color.new(color.red,15) : color.new(color.blue,0)
transpStamp = relMA > mid ? 15 : 0
x = plot(relMA, color = color.new(palette, 20), style = plot.style_line, join = true, linewidth = 1)
y = plot(mid, color = color.new(palette2,90), style = plot.style_line, join = true, offset = 0 )
fill(x,y, color = color.new(palette,65))
 

I might be doing something wrong. All I see is a window at the bottom with a red and blue wave.

Ok I am a dumbass. I see what it is doing.
I'll put more study into it. So far, the predictions seem fair.

[IgazI]

Ok I am a dumbass. I see what it is doing.
I'll put more study into it. So far, the predictions seem fair.

RMA

[aliassmith]

Alias,

would you mind taking a look at this indicator and letting me know what you think about the stop loss recommendations?

Code: Select all

 
//@version=5
indicator("RMA Range", shorttitle = ".7RMA", overlay = false)
rangeLen = input(12, title = "rLen")
relMA = ta.rma(ta.atr(3), rangeLen)[1] * 0.7
mid = (ta.lowest(relMA, rangeLen * 2) + ta.highest(relMA,rangeLen * 2) ) / 2
palette = relMA >= mid ? color.new(color.blue,15) : color.new(color.red,0)
palette2 = relMA >= mid ? color.new(color.red,15) : color.new(color.blue,0)
transpStamp = relMA > mid ? 15 : 0
x = plot(relMA, color = color.new(palette, 20), style = plot.style_line, join = true, linewidth = 1)
y = plot(mid, color = color.new(palette2,90), style = plot.style_line, join = true, offset = 0 )
fill(x,y, color = color.new(palette,65))
 

I might be doing something wrong. All I see is a window at the bottom with a red and blue wave.

Ok I am a dumbass. I see what it is doing.
I'll put more study into it. So far, the predictions seem fair.

I was checking it out on some YM charts. I used the Higher number on the ribbon as the stop. It seems interesting so far. I'll do some more later

[aliassmith]

I might be doing something wrong. All I see is a window at the bottom with a red and blue wave.

Ok I am a dumbass. I see what it is doing.
I'll put more study into it. So far, the predictions seem fair.

I was checking it out on some YM charts. I used the Higher number on the ribbon as the stop. It seems interesting so far. I'll do some more later

So far missed one. Your estimate was a few points shy. Setting the SL from PA would have worked.

[IgazI]

Ok I am a dumbass. I see what it is doing.
I'll put more study into it. So far, the predictions seem fair.

I was checking it out on some YM charts. I used the Higher number on the ribbon as the stop. It seems interesting so far. I'll do some more later

So far missed one. Your estimate was a few points shy. Setting the SL from PA would have worked.

Seems pretty close. . .
probably just need to use 2 or 3 minute data for the stop size.

It has been a very windy day today; power outages, downed lines, . . .

[aliassmith]

Saw Nas Trading was live same time as Daveteaches. Had to go with Nas, I can read his charts without a bunch of scribbles. Plenty of points were made.

[spacamonte]

Watching Dave live for the first time today. There is a lot of great info, but was wondering if that guy was stoned in the late morning... Great motto, "No zone, no trade". Thanks for sharing the site! Will check out Nas Trading...

[Goonslinger]

Which YTers would you recommend watching?

So far I've seen you refer to ICT, Oliver Velez(sp?) and (now) Nas Trading.

[kiwiarian]

I watched DaveTeaches stream, NAS was talking about coffee when I looked at his so jumped onto Daves. Gosh very energetic and almost high on life he seems, won't fall asleep in his ones compared to ICT.
Sample all of them and see what teaching style fits with you maybe. Everyone claims to have the golden goose...

[aliassmith]

Which YTers would you recommend watching?

So far I've seen you refer to ICT, Oliver Velez(sp?) and (now) Nas Trading.

I watch different people for different reasons. There is more than one golden goose out there. I prefer structure, S@D and PA. They seem to call this smart money concepts or The Algorithm. I still have my own way of doing it based on MightyOne's teaching.