u/kage49

Hi. While coding for qscanner I wanted to create an indicator which looks at a ticker and tries to find which SMA the ticker is currently surfing. It tries to look for at least 40 bars which indicate a pattern. This can be really useful for timing pullbacks.

I made a TradingView version of it and made it public.

Try it out. It's surprisingly good for stocks with high RS, and it gives a pretty good guess at which SMA the ticker is surfing, even early (see pics, in the second one I used the Replay feature to see how it behaves early in the pattern.) Both result guess this stock likes to surf SMA15.

Obviously, the lower the SMA the stronger the ticker is.

I hope it helps someone. And if anyone has any feedback I'd be happy to improve it.

https://www.tradingview.com/script/2qURG77W-SMA-Surfing-Finder-9-50/

Current

Replay to Jul 1st

https://preview.redd.it/c7h2d3yq2zhh1.png?width=1039&format=png&auto=webp&s=bde001ff1f2b47cfb651231fa357d0b1c250733e

https://preview.redd.it/oo39fiat2zhh1.png?width=1039&format=png&auto=webp&s=beae8a81e57d7a2c99cdbac752c60d2df3e3f661

I feel like I'm missing something here... was this always the case?

Anyone know a good shorting strategy?

I'd like to do some back testing... Thanks.

Sorry for yet another post. But this is something I need someone to help me with.

I'm constantly frustrated that I can't execute trades fast enough. For context:

I use IBKR as a broker, and I use TradingView for executing the trades. Why? Because my trades are simple yet no interface gives me what I want:

• Buy Stop Limit 1 tick above the high of the current day.
• Sell Stop at the low of the day.
• Number of shares is determined by the RISK of hitting the stop loss being no more than X, where X is say 0.5% of my account.

The only platform I know of now that let's you specify the risk in USD and calculates the number of shares for you is TV. But it is a PAIN to go through: First of all, it is extremely unresponsive when the trading session starts. 3-4 seconds to bring up the trading panel. I have to :

• Click on the chart and choose "stop limit buy"
• enable stop loss
• drag stop loss
• specify the number of shares based on risk (this is where I put the X)
• change that back to Shares
• I get a fractional number of shares which I have to remove the fraction because IBKR rejects the order

By the time I did this, the ticker already climbed above my stop limit buy, so I scramble to change that again.

It's painful because I only catch the break out half way, this happened 3 times so far in these 2 weeks. I'm pissed.

SURELY there is a better way? For fast trades where some calculation is needed for the number of shares vs the stop loss, what are people using?

I thought of creating my own dashboard and making it talk to ib gateway or ibkr tws but that is another pain in the butt.

Please help a brother out.