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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: I’ve been using VWAP in my trading, and it has been incredibly helpful. As part of my strategy, I explored Anchored VWAP and came across a TradingView indicator that works exceptionally well for me. I believe it could be a valuable addition for this wonderful community. An Anchored VWAP is the measure of the average price per share since a specific moment or event. This uses a Stochastic RSI measurement to define when low and high points (support and resistance levels) have occurred and applies an 'anchor' to these points. |
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| Popeious said: For those who track, use, and rely on the McClellan Oscillator for identifying over-sold conditions.... I made this script, to take the MOSC (aka NYMO), and allowing for a variety of user-defined parameters.. for visualizing it without taking up the lower-study area screen real estate. This study is intended to alert you when the NYMO reaches a user-defined 'oversold' or 'overbought' level, and it also has a second threshold for when you consider it truly overbought or oversold. The user-defined features allow you to determine if the labels are displayed regardless of symbol, or, only for symbols that are relevant to the NYMO calculations (ie; SPX, SPY, /ES, NDX, QQQ, /NQ). |
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AVAILABLE TO VIP MEMBERS ONLY |
useThinkScript said: The VIP LRC maps higher highs & higher lows over time—the gold standard for trend confirmation on charts of 30-min and above It provides structure. No guessing. If price stays inside, the trend’s intact. Simple. Effective. Just math working for you. Why does this matter? Price action thrives on trends. If the highest and lowest of your three timeframes trend, then that pullback on your middle trading chart is way more likely to retrace above previous highs. Use this VIP LRC to verify higher timeframe trend ONLY! It confirms momentum will carry to higher highs. |
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| Join our VIP Members Club to get access to our premium indicators including Buy The Dip, Advanced Market Moves and Take Profit. Your VIP membership includes: |
| ✓ Full access to public & private forums ✓ No Ads ✓ Priority community support ✓ Unlimited Postings ✓ Premium thinkorswim indicators ✓ Exclusive strategies, scanners, add-ons ✓ Discord chatroom with Trade Alerts |
| lovetotrade20024 said: Hyper MA Loop | QuantEdgeB is an advanced trend-following indicator that leverages a custom Hyper Moving Average (HyMA) and an innovative loop-based scoring system to assess trend strength and direction. This tool is designed to provide a dynamic perspective on market momentum, allowing traders to capture trends effectively while filtering out market noise. |
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FROM THE ARCHIVES: APR 2020 |
| BenTen said: QQE — or Quantitative Qualitative Estimation, is based on a rather complex calculation of the smoothed RSI indicators. The QQE indicator consists of a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow). The Fast Trailing Level (TL) and Slow TL are constructed by calculating the ATR of the smoothed RSI over n-periods and then further smoothing the ATR using an additional n-periods Wilders smoothing function. This smoothed ATR of RSI is then multiplied by the Fast and Slow ATR Multipliers to calculate the final Fast and Slow Trailing Levels. |
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