Your useThinkScript Update: Emerging Stocks Scanner, Linear Regression Oscillator, Market Sentiment Technicals, 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: The Linear Regression Oscillator is a custom TradingView indicator designed to provide insights into potential mean reversion and trend conditions. By calculating a linear regression on the closing prices over a user-defined period, this oscillator helps identify overbought and oversold levels and highlights trend changes. The indicator also offers visual cues and color-coded price bars to aid in quick decision-making. |
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| samer800 said: The Market Sentiment Technicals indicator synthesizes insights from diverse technical analysis techniques, including price action market structures, trend indicators, volatility indicators, momentum oscillators, and more. The indicator consolidates the evaluated outputs from these techniques into a singular value and presents the combined data through an oscillator format, technical rating, and a histogram panel featuring the sentiment of each component alongside the overall sentiment. |
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| useThinkScript said: Stocks trending below their daily 200-day moving average are not good trading candidates. Stocks that are extremely downtrodden will experience more double bottoms and falling swords as they attempt to crawl out of the basement. This scanner tracks stocks that are emerging and crossing above the 200-day moving average. THIS IS NOT A BUY SIGNAL! This scanner looks for emerging Russell 1000 mid- and large caps that recently crossed... |
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| csricksdds said: In order to have an “edge” in trading, we need an indication to where the market is heading and what its next move might be (thus the development of indicators). Some day traders (like me) are looking for moves over a short period of time. There may be other chart setups that don’t use candles, but this is my first using indicators alone. The top labels are fairly straightforward. I have added the DMI MTF (a free indicator from TI for which I added the Cyan Header). This chart is called THE TRADING PATH CHART using HEAVY RED/GREEN ARROWS comprising “THE PATHWAY”... |
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FROM THE ARCHIVES: December 2020 |
RConner7 said: The below TOS indicator attempts to determine likelihood of an upcoming reversal, pullback, or scalp opportunity from a 1 min chart. Could be used for .20 cent moves or potential full reversal points for a hold and run. The indicator finds opportunities by candle formation, VWAP, and Intraday Momentum. |
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