Hi Bruce

There is a momentum indicator call Slim Ribbons that is available for Thinkorswim an I was trying to plot it in TC2000, and at this point I need some help.

Buy signal or first bar is colored green when;

EMA 8 above EMA 13 and EMA 13 above EMA 21 and current bar's low above EMA 8

Bars stay green until EMA 8 crosses down EMA 13, this color bars gray until the condition above re-stablish again to green or 

A red contition stars;

EMA 8 below EMA 13 and EMA 13 below EMA 21 and current bar high below EMA 8

Neutral when EMA 8 crosses up through EMA 13 and stays that way until green or red condition triggers again.

I know you can't color bars in TC 2000 but you can do dots below like in the case of the squeeze.

I try to include an screen shot.

Thanks Bruce

Maybe the following for the green dots (plotted as Custom PCF Indicators using the Dots Plot Style).

0 / ABS(TrueInRow(NOT(XDOWN(XAVGC8, XAVGC13)), 57) > TrueInRow(NOT(L > XAVGC8 AND XAVGC8 > XAVGC13 AND XAVGC13 > XAVGC21), 57))

And the following for the red dots?

0 / ABS(TrueInRow(NOT(XUP(XAVGC8, XAVGC13)), 57) > TrueInRow(NOT(H < XAVGC8 AND XAVGC8 < XAVGC13 AND XAVGC13 < XAVGC21), 57))

The 57s in the formula represent how far back to look for the various requirements to have most recently been true. It was chosen because it is the longest period with a Medium calculation speed for both formulas, but can be adjusted if you don't need these many bars or if you need to check further back.

Thank you Bruce

Hi Bruce,

I have been trying to scan for the green Silm ribbon formula above but is not producing any results. Do I have to change anything to use it as an scan?

Thank you

You should be able to just use the part inside the ABS() function as a Condition Formula.

TrueInRow(NOT(XDOWN(XAVGC8, XAVGC13)), 57) > TrueInRow(NOT(L > XAVGC8 AND XAVGC8 > XAVGC13 AND XAVGC13 > XAVGC21), 57)

Awsome 

Thank you

Bruce 

Final question on the subject. One of the setups that I scan for requires the SlimRibbons to be green or neutral. Is there a way that we can create an scan that also looks for the neutral condition. basically on this scan I want to see all the stocks that are either green or neutral.

Thanks

The easiest way to do that would be to just NOT() the red formula.

NOT(TrueInRow(NOT(XUP(XAVGC8, XAVGC13)), 57) > TrueInRow(NOT(H < XAVGC8 AND XAVGC8 < XAVGC13 AND XAVGC13 < XAVGC21), 57))

Great! Thank you

You're welcome.