Your useThinkScript Update: Bayesian Trend Indicator, Optimize your ToS Performance, Trend Pullbacks Indicator, and more...! |
| 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! |
| samer800 said: In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event. The "Bayesian Trend Indicator" is a sophisticated technical analysis tool designed to assess the direction of price trends in financial markets. It combines the principles of Bayesian probability theory with moving average analysis to provide traders with a comprehensive understanding of market sentiment and potential trend reversals. |
|
| samer800 said: The "BBTrend w SuperTrend decision - Strategy" is a trading strategy designed to identify market trends using Bollinger Bands and SuperTrend indicators. What sets this strategy apart is its use of two Bollinger Bands with different lengths to capture both short-term and long-term market trends, providing a more comprehensive view of market dynamics. Additionally, the strategy includes customizable take profit (TP) and stop loss (SL) settings, allowing traders to tailor their risk management according to their preferences. |
|
AVAILABLE TO VIP MEMBERS ONLY |
| MerryDay said: Here is everything that you need to know about running the ThinkOrSwim desktop app so that it is optimized on your computer. Given that the ToS app is a single-threaded platform, with almost everything saved to TDA servers; high-end computers are not needed and don't provide a huge increase in efficiency with running the app. Dynamic RSR has no recursions, folds, or complex calculations that should have caused problems. Therefore, it would seem that you have an issue somewhere. 1. Start simply: open the app with a single chart and load the study. Does it load fine? I run two machines. My trading rig does not have ToS open across all the monitors. You want to keep your trading space, lean and mean. The more charts, detached... |
|
| Join our VIP Members Club to get access to our premium indicators including Buy The Dip, Advanced Market Moves and Take Profit. Your VIP membership includes: |
| ✓ Full access to public & private forums ✓ No Ads ✓ Priority community support ✓ Unlimited Postings ✓ Premium thinkorswim indicators ✓ Exclusive strategies, scanners, add-ons ✓ Discord chatroom with Trade Alerts |
| Pensar said: A simple indicator of mine that uses moving averages to indicate trend direction, then signals when a pullback is happening. Good for bounce/trend continuation plays. The trend averages and pullback depth can be adjusted to suit your individual preference. |
|
FROM THE ARCHIVES: DEC 2019 |
| MerryDay said: The Williams Percent R is a lower study. It is a momentum indicator that is designed to identify overbought and oversold areas in a non-trending market. The Williams Percent R can be interpreted similarly to the Stochastic oscillators but the Williams Percent R is simply plotted upside-down. Readings in the range of -80 to -100% may indicate that the security is oversold while readings in the 0 to -20% range suggest that it is overbought. |
|
Last edited:
