- September 25, 2018 at 11:20 pm #9361
does this exist? is there a thinkscript for a BCS on SPX?
- September 25, 2018 at 11:50 pm #9362
I don’t think there is a ThinkScript that tells you there is a Bullish Intermediate Confirmation signal on SPX. Trying to understand specifically how you might want to use this as I’m sure one could be constrcted without much difficulty.
I have posted scans that will looks for stocks showing Bullish Intermediate Confirmation signal on the forums. These are, for me, more useful.
- September 26, 2018 at 12:00 am #9363gary whitlockMember
Can you clarify more precisely what you seek? For example, are you interested in the level of the Intermediate MarketForcast line? Do you have a specific criteria you wish for “confirmation”? If the objective is definable without subjective interpretation, it can be coded!
- September 26, 2018 at 12:16 am #9364
hello guys, basically i see that brandon has a dot on his chart when a bullish cluster forms or bearish cluster. it seems like it would be easy to code (not easy for me!) a signal for a bullish intermediate confirmation, where green line is rising or above 80 and red line is in lower reversal zone.
i was mainly just curious if this has been done.
- September 26, 2018 at 12:31 am #9365
Eugene, the dots you are referring to on Brandon’s charts are oversold & overbought CLUSTERs, not bullish/bearish Intermediate CONFIRMATION signals.
I don’t have a script ready that will put some indicator on the chart when a bullish of bearish Intermediate Confirmation occurs, but I have posted scans that look for (a) show overbought & oversold clusters and (b) bullish & bearish Intermediate Confirmation signals. Search for these in the forums.
- September 26, 2018 at 2:27 am #9366
ic kirti, by the way, what is technically the definition of a bullish intermed confirm?
is it green line rising, and/or above 80?
what about red line? below 20? or below 5?
- September 26, 2018 at 12:54 pm #9372
As I understand it, Market Forecast Bullish Intermediate Confirmation signal occurs when
(a) Green line is above 80, and (b) Red line is between 5 and 20. The quality of this signal is strengthened if the Blue line is between 20 and 50.
- September 26, 2018 at 1:39 pm #9376
i would add that the green line can be below 80 but has to be rising to meet this requirement as well.
example is 5/8/18 video on SPX
- October 20, 2018 at 10:33 am #10087
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