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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! |
| dmegara said: Goal: Provide a way to enter the market systematically, automatically create Stop Loss Levels and Take Profit Levels, and provide the position size of each entry based on a fix Percentage of the traders account. Underlying Concept: The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum. This indicator scans for candle closes on the current chart and when there is a shift in momentum (price closes below or above SUPERTREND) it notifies the trader with a Bar Color change. |
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| QUIKTDR1 said: SP Indicator - One of the best indicators for scalping trading on any timeframes. The best readings are given on 5, 15 and 30 minute frames. For readings, several indicators are combined into one, which allows you to get a more accurate forecast, which is more than 90%. The indicator is easy to use. Just install it and follow the arrows to go long or short. Stop loss set small, about 1-2%. In most cases, this is sufficient. |
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| MerryDay said: Volume is chaotic. Without more information, there isn't any way to know "what the volume or indicators means" Are upticks portending the possibility of a huge trade move? Time to bet the farm? NO INDICATOR CAN BE USED IN ISOLATION! Technical chartists read charts! Only by analyzing a chart in totality across your three timeframes, is it possible to understand: Where an instrument has been, where an instrument is going, and most important what the risk/rewards of a possible trade entry is... |
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| Chocolate said: This indicator is unique. It combines 2 EMAs (the 9 and 21) with an ATR based analysis to calculate the average range a ticker undergoes after an EMA 9 / 21 Cross-over and Cross-under. |
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FROM THE ARCHIVES: DEC 2019 |
| markos said: The Advance/Decline (A/D) indicator provides traders with a powerful gauge of market sentiment by tracking the balance between advancing and declining stocks. This approach, originating in the 1920s and gaining traction in the 1960s, gives an essential view of overall market health, especially when applied to major indexes like the NYSE, S&P 500, and NASDAQ. Essentially, the A/D Line calculates daily or weekly shifts by adding the total number of advancing stocks and subtracting declining ones, creating a cumulative measure. |
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