trend

  1. BenTen

    SuperTrend and RSI Laguerre Indicator for ThinkorSwim

    People seem to really like the RSI Laguerre that @markos shared and SuperTrend is another popular indicator on our site. Why not combine both into a single indicator? The indicator you see below isn't just about adding SuperTrend and RSI Laguerre into one script to save space. They actually...
  2. BenTen

    Trend Exhaustion Indicator for ThinkorSwim

    This indicator uses pure price action and volume to identify when a trend is near exhaustion. It can be used as a warning sign for a potential reversal. When Bulls are Exhausted: Volume is decreasing while the price continues to increase. We suspect that the move up is being driven by retail...
  3. korygill

    Consecutive Bar Count Indicator for ThinkorSwim

    Like roulette in Vegas, the longer the ball keeps landing on Red, the more likely it is to land on Black the next turn, right? Well, in roulette, the odds are the same each turn, but perhaps in the stock market, all trends change at some point. [side note on roulette] This is also an example of...
  4. S

    PivotAlert - catch the setups

    One of the biggest problems for me is tracking the proper entry for the setup intraday. Market moves, there are too many tickers too watch, too many things to take care of. So I made this simple upper chart indicator: add it to chart, setup the line under/over the setup is valid and take care...
  5. BenTen

    Market Mover Indicator for ThinkorSwim

    The Market Mover indicator is simple yet effective for day trading options and stocks. It's based on the idea of using a Simple Moving Average in combination with the RSI. The concept was introduced to me by another trader named Thanson Stevens. He called the study #Thandicator. Before we...
  6. J

    Trend_R_Signal Indicator for ThinkorSwim

    The indicator was made my Mobius. This indicator can predict bullish and bearish trend by plotting lines between 0.2 to -0.2 graph. If the line is at 0.2(Positive) than its trending if it's at -0.2(negative) then its bearish. Originally it was made as a lower study. I modified it and made it...
  7. markos

    SLIM Ribbon Indicator for ThinkorSwim

    Mr. Slim Miller was one of the original OEX pit traders at the CBOE. His website is askSLIM dot com. This indicator is very customizable. Alerts are built in, you can use regular candles if you wish, you can turn all of the EMA's off and the color of the ribbon will still be there. If you...
  8. BenTen

    Morgan Visual Trend Indicator for ThinkorSwim

    The MVTI was published in the May 2019 issue of Technical Analysis of Stocks and Commodities magazine. Morgan Visual Trend shows the current trend condition of the market. It paints on top of the candles. The indicator uses CCI, ADX, Overbought, and Oversold levels. Notes: Besides...
  9. BenTen

    Trend Painter Indicator With Buy & Sell Signals for ThinkorSwim

    This indicator is based on the work of The Lawyer Trader's Trend_Fuzz study. I just added buy and sell arrows to help you pick your entry points for long and short positions. Labels are included in the top left-hand corner to let you know the current market condition. When the candles are...
  10. I

    Multiple Time Frame Trend Indicator for ThinkorSwim

    How it works: For example, let's say you're seeing red candles everywhere, but at some point in the day, you notice the 1-minute label turns white and then green. Then the 2 minute, and so on. Ideally, you would be able to open a bullish position during one of the shorter time frames, and ride...
    • iifbh
    • Thread
    • multiple time frame trend
    • Replies: 11
    • Forum: Indicators
  11. BenTen

    Repaints Trend Reversal for ThinkorSwim

    Someone shared this indicator via a thread on Futures forum. I don't know the original name so I called it the reversal indicator. It uses moving averages, ZigZag pattern, and Fibonacci to generate reversal signals on your chart. One thing to note is that this indicator will repaint. The Buy...
  12. BenTen

    Previous Day High and Low Breakout Indicator for ThinkorSwim

    I took this indicator from Robert and tweaked it a little to my need. Originally it plots the 5 min opening range breakout. However, I took that out and only keep the previous day high and low. Then I add some customizations to it to make the breakout or breakdown more noticeable. Here is what...
  13. BenTen

    Bulkowski's 1-2-3 Trend Change Indicator for ThinkorSwim

    Bulkowski's 1-2-3 pattern helps to detect trend change. The concept has been added into an existing indicator by Mobius called Wolf Waves. This indicator will automatically draw trend lines which include support and resistance marks on your chart. Just select a timeframe of choice and the...
  14. BenTen

    Opening Range Breakout with Directional Day Filter for ThinkorSwim

    Another version of the ORB for ThinkorSwim but with Directional Day Filter to help predict the trend for the day. In addition to that, the developer also added cumulative volume and accumulation ratio. Here is the note regarding this version of Opening Range Breakout. thinkScript Code #...
  15. BenTen

    Donchian Channel with Fibonacci Zone Indicator for ThinkorSwim

    Here is the converted version of Fibonacci Zone on TradingView to ThinkorSwim. According to the developer, it was a Donchian Channel but instead of using the median line he added four Fibonacci lines. How to read the Fibonacci Zone: thinkScript Code # WalkingBallista # Converted from...
  16. BenTen

    Repaints Harmonic Patterns Indicator for ThinkorSwim (ZigZag, Bat, Butterfly, ABCD)

    This is a multi-harmonic patterns indicator for ThinkorSwim that is consists of 12 different type of patterns including Wolf Wave, Zig Zag, Butterfly, Crab, Elliot Wave, Gartley, and many more. All of these harmonic and fractals patterns are identified automatically for you. Once the pattern is...
  17. BenTen

    Opening Range Breakout (ORB) Scanner for ThinkorSwim

    Here is a scanner for the ORB indicator (Opening Range Breakout) that you can run in your ThinkorSwim. Get alerted for when a stock is breaking out or breaking down as they happen. Add the ORB indicator if you haven't done so. thinkScript Code # Clayburgs Directional Day Filter # Written by...
  18. BenTen

    High and Low Reversals Indicator + Intraday Strategy For ThinkOrSwim

    ⚠ This thread has exhausted its substantive discussion of this indicator so it has been locked ⚠ Wanted to share with ya'll a new indicator I just found called Regular Trading Hours High and Low Reversals. It was created by Mobius. thinkScript Code # Regular Trading Hours High and Low...
  19. BenTen

    Ehler's MAMA Buy and Sell Signals Indicator for ThinkorSwim

    This is the MAMA and FAMA indicator by John Ehlers. Testing on SPY and few other stocks and it is highly accurate on the certain timeframes and works best with SPY. It will show MAMA: BEAR as an indication to sell and MAMA: BULL to indicate Bullish move. It was originally made to trade /ES...
  20. Ace_Trader

    Elder Impulse Indicator for ThinkorSwim

    I was talking about this indicator earlier this evening in Discord. I have been a big fan of the Elder Impulse System as developed by Alexander Elder. It gets you into trades at the right time and helps you to exit quickly when the trend slows down or changes. The Elder Impulse System combines...

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top