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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! |
| Markos4112 said: Based on Brian Shannon's AVWAP - This indicator anchors vwap to the highest high, lowest low and highest volume bar of a user defined lookback period. These levels act as a price magnet and strong levels of support and resistance. I use them to identify chart locations for where I want to do business and look for trade setups. Unlike moving averages, AVWAP will maintain it's chart position no matter the chart resolution. One way to take advantage of this is to wait for price to get to one of these levels, go to lower timeframes and find low risk setups based on your trading strategy. |
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| Chrys said: The Whaley Breadth Thrust Indicator (WBT) is a momentum-based technical indicator designed to identify the strength of market trends. It measures the market's breadth by comparing advancing stocks to declining stocks, providing insights into whether a market is in a bullish, neutral, or bearish state. This script calculates the indicator based on the advancing and declining U.S. stocks; however, it can be expanded to other markets as well. |
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AVAILABLE TO VIP MEMBERS ONLY |
| useThinkScript said: Volume & Price Analysis: a VIP Point of View There must be a catalyst to drive price in one direction or the other. If there is no volume or price momentum or external news driving your trade; your trade is in trouble. Overlaid Volume Histogram Bullish/bearish bars only when there is price momentum, trend or volume to actually back it up. No fake overlays just raw no-lag action Gray bars = no clear push could mean... |
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| Lukhy11 said: The Two-Pole Oscillator is an advanced smoothing oscillator designed to provide traders with precise market signals by leveraging deviation-based calculations combined with a unique two-pole filtering technique. It offers clear visual representation and actionable signals for smart trading decisions. |
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FROM THE ARCHIVES: NOV 2019 |
| BenTen said: Here is a scan of what's moving. These price swings can signal hot news or increased interest, offering chances on getting in on a profitable trade Traders aim to ride the waves of rapid price shifts, buying low and selling high or the other way around—all within the same day This type of trade hinges on reacting fast, if your chart confirms your entry. This ThinkorSwim scanner will help you "identify stocks making between 2-10% moves so far in the day". All credit goes to Connie Hill of TD Ameritrade. By default, the scanner will use All Stocks option with intersection with the S&P 500. You can use that setting or choose from your own customized watchlist. |
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