Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
NextSignal's Market Volume Profile
Tiredoflosing said:This is a great script and a unique way of looking at volume profile. Highly recommend more people check it out. The POCExt lines are simply extensions of the POC and TPO_POC lines for the 'next' set of candles. I actually hide the POC and TPO_POC lines and ONLY use the EXT lines...but that's just me.
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https://usethinkscript.com/threads/nextsignals-market-volume-profile-for-thinkorswim.9035/
Double CCI Trend Trading
chewie76 said:I've assembled a CCI indicator based on the trend trading strategy found in this video. I added arrows for short term and long term signals that are able to turn on/off in the settings.
The idea of this indicator is to trade with the trend. This indicator gives a good signals of when to get into a trade when you want to trade with the trend, and also good exits
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https://usethinkscript.com/threads/double-cci-trend-trading-for-thinkorswim.21185/
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Breakout Confirmation Arrows
TRADERSAM said:This indicator is a non-repainting visual confirmation tool designed to help validate potential buying or selling pressure during regular trading hours (9:30 AM to 4:00 PM). It is not an entry signal but rather a way to confirm suspicions based on your existing analysis.
The script plots a green arrow below candles that show strong bullish conviction in an uptrend, and a red arrow above candles that reflect strong bearish conviction in a downtrend.
Signals are based on expanded candle range (1.5x the 10-bar low), increased volume (the default for increased volume is 1.2x the average volume over the last 20 bars but this can be adjusted to fit your style), strong-bodied candles (at least 60% of the total range), and alignment with the short-term EMA trend (9 vs. 20).
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https://usethinkscript.com/threads/breakout-confirmation-arrows.21251/
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Camarilla Pivot Points Day Trading System
Wiinii said:This is a complete trading strategy indicator built around Thor Young's book A Complete Day Trading System.
It includes:
Camarilla Pivot Points - Both with and without premarket data.
Label on chart showing whether to use cams with or without PMD.
Auto option shows only the cams needed based on the above! Optionally show both cams with and without PMD at all times, or only one or the other. NOTE: You need at least 2 days data on your charts for w/PMD cams (3 on 3-day holiday weekends)...
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https://usethinkscript.com/threads/camarilla-pivot-points-day-trading-system-for-thinkorswim.12988/
FROM THE ARCHIVES |
Chop Zone with Moving Average
softwareklinic said:This is my spin on the Chop Zone indicator.
Read more
https://usethinkscript.com/threads/chop-zone-with-moving-average-for-thinkorswim.13369/
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