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| Here on useThinkScript, we dive deep into the latest discussions and highlight the most valuable indicators, set ups, and strategies which could give you the edge in this week's markets. Scroll down to check out this week's must reads, carefully selected by uTS Moderators! |
| AndrewPnF said: The VIX (Cboe Volatility Index) is a widely-followed measure of stock market volatility. JPMorgan strategists, led by Mislav Matejka, have developed an indicator based on the VIX that could be used to trade the markets more effectively. The concept is simple: A buy signal is generated when the VIX increases by more than 50% of its 1-month moving average. The VIX Buy Signal indicator has been triggered more than 21 times during the past 30 years. |
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| xoxoJNN said: This study offers the following signals based on the readings of the DMI and CCI pair, suitable for several types of trades: Short-term Trend Change Signals: Trend Continuation Signals: Reversal Signals |
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| rewardiaz said: I've been doing some research regarding the GEX indicator. While I understand TOS data is limited, my friend ChatGPT and I came up with this so called GEX Proxy. Gamma Proxy: The script uses price changes, implied volatility, and volume to create a gamma estimate proxy 1. Understanding Market Volatility: Gamma is the rate of change of an option's... 2. Identifying Key Price Levels (Strike Prices): GEX reveals strike prices where large amounts... 3. Predicting Large Market Moves: When GEX flips from positive to negative, this is often... 4. Delta-Hedging Effects: Market makers often hedge their delta exposure. If they... 5. Risk Management: GEX can be an essential tool for managing risk. If a trader... . |
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| Zlotko said: Deviation Scaled Moving Average w/ DSL [Loxx] as described in the “The Deviation-Scaled Moving Average.” article of July 2018 TASC . This is an adaptive moving average average that has the ability to rapidly adapt to volatility in price movement. This version adds Discontinued Signal Lines create the buy/sell signals. What are DSL Discontinued Signal Line? A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made... |
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FROM THE ARCHIVES: JAN 2021 (updated DEC 2024) |
| MerryDay said: This indicator displays fundamental data of a stock, including financial info such as Free Cash Flow, Profit Margin, etc., on your chart. An overall weighted Score is calculated to gauge the overall financial health. Use on a Daily Chart. Useful for anyone interested in fundamental stock research. |
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