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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! |
| EddieM said: The supertrend indicator is a technical analysis tool that can help make decisions about when to enter and exit a trade. This supertrend adds channels. Traders use bands and channels in trading to visually identify potential support and resistance levels, gauge market volatility, and assess the direction of a trend, helping them make informed decisions about when to buy or sell an asset by signaling potential entry and exit points within a price range, particularly when the price touches the upper or lower boundaries of the channel or band. |
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| samer800 said: The Volumatic VIDYA (Variable Index Dynamic Average) indicator is a trend-following tool that calculates and visualizes both the current trend and the corresponding buy and sell pressure within each trend phase. Using the Variable Index Dynamic Average as the core smoothing technique, this indicator also plots volume levels of lows and highs based on market structure pivot points, providing traders with key insights into price and volume dynamics. Additionally, it generates delta volume values to help traders evaluate buy-sell pressure balance during each trend, making it a powerful tool for understanding market sentiment shifts. |
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AVAILABLE TO VIP MEMBERS ONLY |
| MerryDay said: Here is the thread for everything about Watchlists: The newest VIP watchlist columns Solutions to watchlist import issues Organizing and Naming Conventions to easily find & create your watchlists. Every watchlist column script gets imported separately. |
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| samer800 said: The Volatility Gaussian Bands indicator is a cutting-edge tool designed to analyze market trends and volatility with high precision. By applying a Gaussian filter to smooth price data and implementing dynamic bands based on market volatility, this indicator provides clear signals for trend direction, strength, and potential reversals. With updated volatility calculations, it enhances the accuracy of trend detection, making it a powerful addition to any trader's toolkit. |
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FROM THE ARCHIVES: JUL 2020 |
| Nick said: After price itself, Relative Strength (RS) is my next most important technical reference point. Why? My goal is to outperform the US stock market (SPX) on a risk-adjusted basis (time in market). I can't accomplish that unless the assets that I'm trading are outperforming the market. In addition, there is a ton of research which supports the notion that your investing success is dependent upon buying leaders and ignoring laggards. Strength begets strength. So, I examine Relative Performance (RP), the underlying's price divided by the comparison symbol's price... |
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