KingCandy

I am a part-time trader, Advanced Excel user, and TOS coder with a knack for writing simple effective codes. DM for custom job quotes (Not a financial advisor)

[KingCandy @KingCandyCoding]

@AmonB_33 I’ll send a DM

[KingCandy @KingCandyCoding]

2-Day VWAP gave direction for today's open drive on $QQQ $NQ $MNQ. After the first couple of 5 minute candles, price confirmed below 1-day and 2-day VWAP and the next 30 minutes or so were followed by clear selling. Are there any studies I can help with to improve your trading?

[KingCandy @KingCandyCoding]

Expanding yesterday's #VWAP study by adding a 2-day VWAP can be a powerful combination. $SPY $ES.

[KingCandy @KingCandyCoding]

A client needed an #AnchoredVWAP study made that didn't require manual entry of the anchor. No Problem. #QQQ #VWAP #backtesting #TOS #ThinkOrSwim. Do you need a study made?

[KingCandy @KingCandyCoding]

#ES #SPY #SPX
2-Day VWAP doesn't get any cleaner than today on ES

[KingCandy @KingCandyCoding]

#QQQ #NQ 2-Day VWAP was strong today.

[KingCandy @KingCandyCoding]

#NQ #QQQ Following the momentum

[KingCandy @KingCandyCoding]

@BoswaldEric Seems like you’re looking into relative strength a bit. Do you have a specific question?

[KingCandy @KingCandyCoding]

Applying both #RVOL and multiple time frame Relative Strength to find intraday tickers, like $MU.

[KingCandy @KingCandyCoding]

Here is a quick video showing the features of the Previous Day Close study on TOS mobile for #thinkorswim

[KingCandy @KingCandyCoding]

For all you #TOS mobile traders out there. Hot off the presses is a study that plots the previous days close for #thinkorswim on mobile. Keep your eyes peeled for a walk-through video. Check it out at the link provided. https://t.co/YDQcSo30Qn

[KingCandy @KingCandyCoding]

Had a excel sheet I was using to calculate position sizing. Recently converted it to a label. That’s one less layer of complexity.

[KingCandy @KingCandyCoding]

@Type_R707 What platform are you using to trade?

[KingCandy @KingCandyCoding]

Had a friend reach out, wanting a new tool. When we looked at what was available decided that a new tool wasn't really needed. Sometimes we just need to use what we already have - especially if it works.

[KingCandy @KingCandyCoding]

@thinkorswim what happened to the "addLabel" recently? All my labels have become hard to read. any ideas?

[KingCandy @KingCandyCoding]

I see a lot of people using average true range as a value, but not understanding how to apply it. When you add direction to that value, ATR can provide excellent targets.

[KingCandy @KingCandyCoding]

@RichardMoglen I like when RS and RVOL line up

[KingCandy @KingCandyCoding]

@Vera_Icona_23 @Meiyubense @RichardMoglen Relative strength is a key tenet in selecting stocks, and these custom studies aid in the process of identifying those stocks with Relative Strength. If the ONLY criteria were "who is stronger". $AAPL is the stronger in the short term, $MSFT is stronger in the long term.

[KingCandy @KingCandyCoding]

(2) This chart shows 1 year of data. The middle chart - $MSFT is stronger overall (50% versus AAPLs 32%), but $AAPL is showing greater recent strength.

The bottom chart shows bar-by-bar strength. When above zero $MSFT is stronger, when below zero $AAPL is stronger.

[KingCandy @KingCandyCoding]

Frame of reference is critically important when discussing relative strength. This chart shows the past 5 days and $AAPL is stronger. Middle chart shows $AAPL having grown 1% compared to $MSFT losing almost 4%.

Bottom study shows strength on a bar-by-bar basis. #ThinkorSwim