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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! |
| Arun85 said: On the previous version of Twin Range Filter, you can only see Long and Short signals on the chart. But in this version of TRF, users can visually see the BUY and SELL signals on the chart with an added line of TRF. TRF is an average of two smoothed Exponential Moving Averages, fast one has 27 bars of length and the slow one has 55 bars. The purpose is to obtain two ranges that price fluctuates between (upper and lower range) and have LONG AND SHORT SIGNALS when close price crosses above the upper range and conversely crosses below lower range. |
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| TG1212 said: The Enhanced WaveTrend Oscillator is a modified version of the original WaveTrend. The WaveTrend indicator is a popular technical analysis tool used to identify overbought and oversold conditions in the market and generate trading signals. The enhanced version addresses certain limitations of the original indicator and introduces additional features for improved analysis and comparison across assets. |
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| MerryDay said: The information in these labels are essential for making better trades. These labels are used as a traffic light as to direction. Here are what they are and what they do... |
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| SugarTrader said: The use of the Double Exponential Moving Average (DEMA) within your Adjusted Average True Range (ATR) calculation serves as a cornerstone for enhancing the indicator's responsiveness to market changes. To delve deeper into why DEMA is employed specifically in the context of your ATR calculation, let's explore the inherent qualities of DEMA and its impact on the ATR's performance. |
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FROM THE ARCHIVES: NOV 2020 |
| cabe1332 said: The Rate Of Change (ROC) is an oscillator calculating the percentage change of the security price relative to the price of a specified number (length) of periods before. The higher/lower the ROC, the more overbought/oversold the security; when the ROC falls, a rally might occur. |
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