Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
BAR & CANDLE Studies for Lower Chart
Carl-not-Karl said:The following are enhanced studies based on the works of @petergluis and @halcyonguy found on this thread:
Heikin-Ashi Candles Lower Chart For ThinkorSwim (assorted versions)
In the image are default tos BAR and CANDLE charts on the top with the enhanced CANDLE and BAR studies in the lower charts.
The tos default BAR chart does not treat 'doji' bars (color of WHITE) as defined in Investopedia:
"...in which a security has an open and close that are virtually equal, which resembles a candlestick on a chart."
The enhanced BAR study meets the above definition...
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https://usethinkscript.com/threads/bar-candle-studies-for-lower-chart-in-thinkorswim.21392/
Adaptive Schaff Trend Cycle (STC)
QUIKTDR1 said:The Adaptive Schaff Trend Cycle by AlgoAlpha introduces a dynamic approach to market analysis, refining traditional indicators through adaptive logic to align with fluctuating market conditions. Here's a concise overview of its operation:
Adaptive MACD Adjustment: The foundation of the indicator is an enhanced MACD calculation, which dynamically adjusts its parameters based on real-time market trends and momentum. This algorithmic adjustment aims to ensure the MACD's responsiveness to market changes, adapting its sensitivity to offer timely insights...Read more
https://usethinkscript.com/threads/adaptive-schaff-trend-cycle-stc-algoalpha-for-thinkorswim.20082/
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The Premise Of Trading
MerryDay said:This thread is directed toward swing trading.
But change the timeframes, and it can also be applied to daytrading.
However, can never be applied to scalping (traders, whose timeframes are 5min or less).
The Premise Of Trading Is To Buy Low And Sell High
Swing Traders can never scan the Universe of Stocks.
Swing traders only trade instruments that have: strong financials, good analyst ratings, and positive CEO's forward-looking guidance.
The ToS app does not provide the ability to scan for the above. So swing traders need to...
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https://usethinkscript.com/threads/the-premise-of-trading.21386/
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Mean Reversion VWAP
Abutterfly said:Don't know if anyone posted this version of the VWAP in watchlist. My version takes the difference and gets the percentage of ATR at any moment. So, if Percentage is over or under 30% ATR, we should bet the reversal , or they call this mean reversion...
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https://usethinkscript.com/threads/mean-reversion-vwap-for-thinkorswim.21373/
FROM THE ARCHIVES |
RSI IFT (Inverse Fisher Transform)
cos251 said:Sharing this version of the RSI Inverse Fisher Transform - Inverse of arctanh(x)
This RSI IFT gives buy and sell signals (although the sell signals are a little late). This can be used stand alone or with other indicators to add additional confirmation in either direction.
Of course, feel free to modify as you wish.
Read more
https://usethinkscript.com/threads/rsi-ift-inverse-fisher-transform-for-thinkorswim.6817/
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