52-Week & Current High Low Labels, Day and Swing Trading Strategy, CANSLIM Scanner, 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! |
| Green Trades said: Stock's current price vs its 52-week high is a technical indicator. It indicates how much the stock has moved within the 52-wk range. This information gives insight into the volatility of a stock's price is and its potential future range. 52-week high low is important because it: serves as a benchmark for a stock's performance establishes the relative current value of a stock... |
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| autoloader said: Ehlers likes the idea behind StochRSI so much, he dedicated a full chapter in his book (linked below) on how stoch works with his "superlative" (his words, not mine) indicators. This is stoch of his CG oscillator. Standard stochastic oscillator uses fixed period for calculations and does not adjust to the constantly changing market cycle length. Stochastic CG Oscillator does not have such a drawback. |
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| Drum Rocker said: STRATEGY I have learned a lot from this community, so in an attempt to give something back I am sharing a strategy that I have developed and that I am having success with. There is no holy grail and there will be losses. However over time I am finding this to be a profitable strategy for me. This strategy can be traded on any time frame. I personally like to use it on a 3 minute time frame. Not too fast and not too slow for me. And it keeps risk at an acceptable level for my account size. I adhere to my money management rules at all times and I hope you are too. |
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| eagle_ai said: Standardized Median Proximity by AlgoAlpha   – a dynamic tool designed to enhance your trading strategy by analyzing price fluctuations relative to the median value. This indicator is built to provide clear visual cues on the price deviation from its median, allowing for a nuanced understanding of market trends and potential reversals. |
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FROM THE ARCHIVES: December 2020 |
Mbaker333 said: CANSLIM is a stock-screening technique and investment strategy that helps identify strong-performing growth stocks. The acronym stands for seven factors that are used to evaluate stocks. C: Current quarterly earnings per share (EPS) should have increased sharply from the same quarter in the previous year. A: Annual earnings should have increased consistently over the last five to ten years... |
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