Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Volume Spikes Scan
rip78 said:Greetings. I recently found a stock scanner for volume spikes. Thought that I would share the scanner.
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https://usethinkscript.com/threads/volume-spikes-scan-for-thinkorswim.21293/
Future Trend Channel
samer800 said:The Future Trend Channel [ChartPrime] indicator is a dynamic tool for identifying trends and projecting future prices based on channel formations.
The indicator uses SMA (Simple Moving Average) and volatility calculations to plot channels that visually represent trends. It also detects moments of lower momentum, indicated by neutral color changes in the channels, and projects future price levels for up to 50 bars ahead.
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https://usethinkscript.com/threads/future-trend-channel-chartprime-for-thinkorswim.20001/
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QI/OFI Price Absorption/Key Levels
rewardiaz said:I continue to explore the concept of moving away from traditional price action analysis and instead focusing primarily on bid/ask activity and volume.
This new study helps identify the specific price levels where buyers or sellers appear to be defending, and so far, it’s showing very promising results.
Hope others can benefit from this as well—enjoy!
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https://usethinkscript.com/threads/qi-ofi-price-absorption-key-levels.21358/
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B-Xtrender Indicator
mbarcala said:Trend Detection: This indicator uses both short- and long-term oscillators to spot market trends.
Momentum Measurement: The B-Xtrender oscillator shows momentum as a histogram—green bars mean bullish, red bars mean bearish, and changes within the greens and reds reflect weakening/strengthening momentum.
It works best on bigger timeframes and pairs well with other tools like support/resistance, volume, or other indicators for better accuracy.
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https://usethinkscript.com/threads/b-xtrender-indicator-for-thinkorswim.10272/
FROM THE ARCHIVES |
vZone (Volumes Based Support/Resistance)
ApeX Predator said:Yet another Support/Resistance Indicator for DayTrading, but with a twist, We use high/low of High Volume Bar, in three different Zones of the Day.
With out further delay, Uploading the code here, will come back and edit this line with more appropriate description.
Huge thanks to @cos251 for helping me with Coding this, Reviewing and Testing it.
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https://usethinkscript.com/threads/vzone-volumes-based-support-resistance-for-thinkorswim.7169/
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