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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! |
| MarcVUM said: EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy. Follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in. |
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| sunnybabu asked: Bollinger OTT Spread (BOOTS) is a development combining Bollinger Bands with Optimized Trend Tracker (OTT) Indicator by Anıl Özekşi. Bollinger Bands have originally 3 lines: Simple Moving Average (Middle Line), Upper Band and Lower Band. BOOTS concentrates on the upper and lower Bollinger band lines. |
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AVAILABLE TO VIP MEMBERS ONLY |
| Philly1224 said: I want to thank MerryDay and give credit where credit is due. I used their code from Here for "Trade with the sector" snippet code, but noticed it did not include some of the sectors. I added the additional sectors and comparisons to spy and took out some portions I wasn't as interested in such emerging markets and JNK bonds. The following shows Intraday Performance of the main sectors in the order they are shown in the "Scan in" and "By Industry" in the ToS scan menu. Version 1: Does not include the direct SPY comparison as it crowds up the chart a bit... |
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| CashMoney said: The VWAP Periodic Close script offers an advanced tool for analyzing the Volume Weighted Average Price (VWAP) across various timeframes. This tool enables traders to visualize VWAP close levels for daily, weekly, monthly, quarterly, and yearly periods, offering a comprehensive view of price behavior across different time frames. It helps in identifying key levels where the VWAP closes at the end of each specified period. |
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FROM THE ARCHIVES: JUL 2020 |
| MerryDay said: Tired of flipping over to the monitor tab to see how your trade is going? Problem solved! Here are your P&L Labels For Charts. This script provides the P/L For Accumulated Trades.The Net PnL uses a cost adjusted basis: ProfitLossMode.COST_BASIS These labels include the total Quantity bought, Average Purchase Price per share and total, the Adjusted Average Sales Price per share and total and the net Gain/Loss You can edit out the fields that you don't want. |
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