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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! |
| samer800 said: SuperTrend Volume [BigBeluga] is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.. |
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| Rajesuja said: The Dynamic Sentiment RSI [UAlgo] is a technical analysis tool that combines the classic RSI (Relative Strength Index) concept with dynamic sentiment analysis, offering traders enhanced insights into market conditions. Unlike the traditional RSI, this indicator integrates volume weighting, sentiment factors, and smoothing features to provide a more nuanced view of momentum and potential market reversals. It is designed to assist traders in detecting overbought/oversold conditions, momentum shifts, and to generate potential buy or sell signals using crossover and crossunder techniques. By dynamically adjusting based on sentiment and volume factors, this RSI offers better adaptability to varying market conditions, making it suitable for different trading styles and timeframes. |
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AVAILABLE TO VIP MEMBERS ONLY |
| useThinkScript said: There are many SuperTrends on the forum which are great! Check them out if you are looking for a good trend following indicator. This is different. This version is a Stock Picker Scan to find tradable instruments for your daytrading and scalping strategy, where you weed out non-tradable basement dwellers and identifies the instruments in a tradable trending zone On your lowest TimeFrame: You want price trending above this SuperTrend. But profitable scalpers and daytraders look for confirmation that... |
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| Philly1224 said: I was frustrated with ToS that when I combined the IV indicator with HV indicators onto the same chart, the scaling would never align correctly for easy comparisons. Luckily, Hahn Tech developed a method for doing just this. He provides the code for free. I took their indicator and tweaked it a bit. Their indicator only compared the current IV to the monthly HV30. I added in the yearly HV252 into the code so that comparisons can be made to show not only where the IV is to the monthly HV, but also the yearly HV. |
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FROM THE ARCHIVES: SEP 2019 |
| BenTen said: Day traders favor moving average strategies because they provide a clear visual representation of market trends, allowing them to quickly identify potential entry and exit points by smoothing out price volatility and highlighting trend direction, making decision-making simpler and more efficient, especially when combined with different timeframes of moving averages to signal potential reversals; essentially, moving averages help day traders react swiftly to market movements without getting bogged down in complex analysis. |
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