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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! |
| Ajordan930 said: Here is a little study I made using the inverted VIX that also has bollinger bands as well. But You can put any symbol you want. Works pretty well with AsGoodAsItGets_Indicator and AsGood_3TrendIndicator. |
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| Minefieldhopscotch said: The Kernel Regression Oscillator (ᏦᏒᎧ) represents an advanced tool for traders looking to capitalize on market trends. This Indicator is valuable in identifying and confirming trend directions, as well as probabilistic and dynamic oversold and overbought zones. It achieves this through a unique composite approach using three distinct Kernel Regressions combined in an Oscillator. The additional Chart Overlay Indicator adds confidence to the signal. This methodology helps the trader to significantly reduce false signals and offers a more reliable indication of market movements than more widely used indicators can. |
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useThinkScript said: Multi-timeframe (MTF) TREND indicators are generally ineffective for identifying trends, especially for short-term day trading. Here's why: Single-Candle Limitation: MTF indicators display data based on the current candle from a higher timeframe. A single candle, by definition, cannot capture the broader trend—it reflects only momentary price action... |
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| samer800 said: This is a trend-following indicator that utilizes the Fractal Adaptive Moving Average (FRAMA) to create a dynamic channel around the price. The FRAMA Channel helps identify uptrends, downtrends, and ranging markets by examining the relationship between the price and the channel's boundaries. It also marks trend changes with arrows, optionally displaying either price values or average volume at these key points. |
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FROM THE ARCHIVES: DEC 2020 |
| rad14733 said: DPO (Detrended Price Oscillator) compares the closing price to the prior moving average, eliminating cycles longer than the moving average. The MOBO (Momentum Breakout) band settings are used to filter out the DPO noise to produce buy and sell signals for trend moves. This works for all time periods and tick charts. I have my own custom versions of the ToS FW_DPO_MObo and have posted my short version below... Note that my settings differ from the original release... |
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