indicator

 
 

Indicator for thinkorswim

This thinkorswim indicator marks an entry candle (in white) and plots stop loss and take profit lines if the price raises above that white candle (long) or below that white candle (short) when following conditions are met:

-price touches 45ema (or 105SMA, selectable, as are the moving average lengths) -the high or low (depending on bias) prior to touching 45 ema is greater than xx bars (selectable

-it is only the first or second (selectable) pullback to the 45 ema -if price doesnt rise above white candle (long) or below it (short) no entry arrow is painted and indicator looks for next setup

I stay pretty busy and can’t give support, you are on your own. It works though! Get it by clicking on donate button below (or email me and bypass this step). Link to code immediately given with any donation.

This indicator is for educational purposes only. No support given.