Trading with range bars ichimoku cloud & awesome oscillator

Quoting successwill

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Hey Rocky, Can you please post the template? im having hard time with range bars. Kinda newbie here

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Quoting ichikuse

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{quote} I believe he pulled the trigger when the awesome oscillator went below zero and then he waited to see a significant level get broken, which i marked with the black line.Of course Orion is free to add. Just offering my humble assumption. {image}

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Quoting chaveznqoos

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{quote} Hi ichikuse: A question; What are your exit rules from an open position. A fixed SL / TP? New highs / lows? Thanks

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Quoting ichikuse

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{quote} Hi Chavez.I use the same exit rules as RP.I made a decision to follow his exact methods without tweaks and too much extra stuff.The more you use the same system without changing all the time the more you master it. There is no one rule for exit.Depends with the situation at hand.For example,after notching up some pips u can exit if you notice a divergence that might result in a price reversal.You can also exit if price goes below the Kijun and into the clouds.Sometimes instead of exiting when price gets into the clouds you may lock in profits...

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Quoting chaveznqoos

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{quote} Very clear your answer. Another off topic question: If you have 28 pairs open at the same time, how many monitors do you use? Thanks in advance.

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Quoting ezcurrency

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Asian session NZD getting killed (not sure why). I looked to pair with a couple of strong currencies, and exited on break of recent highs/lows (where SL are usually run). 10 pip range bars. GBPNZD + 52 {image} NZDCAD + 26 {image} EZ

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Quoting ichikuse

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Does anyone know of a MT4 High/Low price indicator as the one RP uses(see attached chart please)? I am not looking for one that draws horizontal lines.I like the thinkorswim one(RP'S) because the charts remain clean without plenty of lines. {image}

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Quoting SnoopyAKQJT

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{quote} Similar, but obviously not quite the same ... {file} {image} This indicator displays a DAILY candle inside a intra-day chart, thereby giving a visual indication of the day's high and low. RP's TOS platform contains HI and LO bubbles that is from the entire range, say, if the chart is a 5-day-50-tick chart, then the HI and LO bubble show the HI and LO for the entire 5-day range (my understanding). Sorry if I have interrupted this thread.

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Quoting SnoopyAKQJT

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{quote} Similar, but obviously not quite the same ... {file} {image} This indicator displays a DAILY candle inside a intra-day chart, thereby giving a visual indication of the day's high and low. RP's TOS platform contains HI and LO bubbles that is from the entire range, say, if the chart is a 5-day-50-tick chart, then the HI and LO bubble show the HI and LO for the entire 5-day range (my understanding). Sorry if I have interrupted this thread.

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Quoting rockypoint

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Slowly getting back in swing of things and I do mean slowly. {image} {image} {image} {image}

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Quoting ichikuse

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{quote} Good to see the revival.I missed the GBPJPY trade:i had that chart open....

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#####
## The code below attempts to scan for Rocky Point's setups.  
##The Ichimoku lines were plagiarized from Hahn-Tech.com, and modified by Snoopy AKQJT MMXVII
#####
## Set up Ichimoku parameters
input tenkan_period = 9;
input kijun_period = 26;
input lookBack = 2;
input breakOutBars = 3;
def Tenkan = (Highest(high, tenkan_period) + Lowest(low, tenkan_period)) / 2;
def Kijun = (Highest(high, kijun_period) + Lowest(low, kijun_period)) / 2;
def "Span A" = (Tenkan[kijun_period] + Kijun[kijun_period]) / 2;
def "Span B" = (Highest(high[kijun_period], 2 * kijun_period) + Lowest(low[kijun_period], 2 * kijun_period)) / 2;
def Chikou = close[-kijun_period];
def bullishCloud = "Span A" >= "Span B";
def bearishCloud = "Span B" > "Span A";
def closeCloudDiff = close - "Span B";
def closeCloudDiffLong = if bullishCloud then close - "Span A" else close - "Span B";
def closeCloudDiffShort = if bearishCloud then close - "Span A" else close - "Span B";
def slowDiff = MovingAverage(AverageType.SIMPLE, closeCloudDiff, lookBack);
def underCloud = highest(slowDiff[1], lookBack) < 0;
def overCloud = lowest(slowDiff[1], lookBack) > 0;
def cloudBreakOutLong = lowest(closeCloudDiffLong, breakOutBars) > 0;
def cloudBreakOutShort = highest(closeCloudDiffShort, breakOutBars) < 0;
def laggingLineOverCloud = (Chikou > "Span A" and bullishCloud) or (Chikou > "Span B" and bearishCloud);
def laggingLineUnderCloud = (Chikou < "Span A" and bearishCloud) or (Chikou < "Span B" and bullishCloud);
# this signal finds the long side break outs of price action above the cloud
def signalBreakAboveCloud = (close > "Span A" and bullishCloud and underCloud[breakOutBars] and cloudBreakOutLong and cloudBreakOutLong[1] == 0) or (close > "Span B" and bearishCloud and underCloud[breakOutBars] and cloudBreakOutLong and cloudBreakOutLong[1] == 0);
# this signal finds the short side break downs of price action below the cloud
def signalBreakBelowCloud = (close < "Span A" and bearishCloud and overCloud[breakOutBars] and cloudBreakOutShort and cloudBreakOutShort[1] == 0) or (close < "Span B" and bullishCloud and overCloud[breakOutBars] and cloudBreakOutShort and cloudBreakOutShort[1] == 0);
# this signal tells if the Lagging line (Chikou) is above the cloud
def signalBullishConfirmation = laggingLineOverCloud[kijun_period];
# this signal tells if the Lagging line (Chikou) is below the cloud
def signalBearishConfirmation = laggingLineUnderCloud[kijun_period];
# this signal finds the bullish crossovers of the turning line back above the standard line
def trendContinuationLong = bullishCloud and close > "Span B" and (Tenkan > Kijun and Tenkan[1] < Kijun[1]);
# this signal finds the bearish crossover of the turning line back below the standard line
def trendContinuationShort = bearishCloud and close < "Span B" and (Tenkan < Kijun and Tenkan[1] > Kijun[1]);
# Define Awesome Oscillator
def awesome=Average(hl2,5)-Average(hl2,34);
# use this scan plot to find bullish break out signals
plot scan_RockyPoint = (signalBreakAboveCloud and awesome>0) or (signalBreakBelowCloud and awesome<0);
# use this scan plot to find bullish break out signals
#plot scan = signalBreakAboveCloud and signalBullishConfirmation;
# use this scan plot to find bearish break down signals without confirmation
#plot scan_BreakDown = signalBreakBelowCloud;
#use this scan plot to find bearish break down signals with confirmation
#plot scan = signalBreakBelowCloud and signalBearishConfirmation;
# use this scan plot to find bullish trend continuation signals without confirmation
#plot scan = trendContinuationLong;
# use this scan plot to find bullish trend continuation signals with confirmation
#plot scan = trendContinuationLong and signalBullishConfirmation;
# use this scan plot to find bearish trend continuation signals without confirmation
#plot scan = trendContinuationShort;
# use this scan plot to find bearish trend continuation signals with confirmation
#plot scan = trendContinuationShort and signalBearishConfirmation;
## End of script Scan_RockyPoint

Quoting SnoopyAKQJT

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{quote} It is possible to run a ThinkOrSwim scan based on RP's setup criteria ... sort of. RP uses 50-tick range charts which is not something TOS can scan. However, one can scan M3 or M5 charts for those set ups, instead of manually flipping through charts via naked eye. The code below is my initial attempt to simulate RP's daily manual scanning process via thinkscript. To install the script into TOS's scan, do the followings:- 1. click on "SCAN" 2. Add Study Filter and Delete all the other Filters that are open by default 3. click the EDIT pencil...

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Quoting ichikuse

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{quote} As for me i use MT4 not TOS.I also think the naked eye makes one an accomplished trader unless if i am misunderstanding the purpose of the code.

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Quoting rockypoint

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Kind of a slow day 3 small winners, think I'm done for day. {image} {image} {image}

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Quoting rockypoint

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Slowly getting back in swing of things and I do mean slowly. {image} {image} {image} {image}

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