Farey Sequence Weighted Moving Average, %R Trend Exhaustion, WaveTrend Oscillator, and more...! |
| 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: I finally able to convert it as best effort. In addition, I added more momentum indicator to select from added horizontal lines option instead of Zigzag lines. Trade safe. |
|
| AlphaOptions said: A moving average that weighted with Farey fractions. It matches a standard linear weighted average almost one-to-one. Why? Because both averages have strictly monotonic weighting sequences and assign a higher weight to latests data. So, Farey weights are just scaled to [0, 1] linear ones. Instead of specifying period, you specify an order of Farey sequence. |
|
AVAILABLE TO VIP MEMBERS ONLY |
| csricksdds said: As a person who doesn’t like a lot of lines (or business) on my charts, I took this indicator from the rad14733 Scalping Grid. The MACD, a momentum oscillator analyzes trends, and Bollinger Bands, a volatility indicator, provides price position. |
|
| 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 |
| Freddyt007 said: I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting. Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I have highlighted key areas of interest with filled boxes. An "area of interest" is when there is confluence between the short and long period %R values along with being overbought or oversold. Once there is a break in the overbought or oversold trend, an arrow will print. |
|
FROM THE ARCHIVES |
| BenTen said: Here's the WaveTrend Oscillator script for ThinkorSwim. Came LazyBear over at TradingView version that was ported from TS/MT, also known as "The Perfect Leading Indicator." It features a sophisticated algorithm which enables it to detect true reversals in a extremely accurate manner. The beauty of this indicator is that is does not generate signals during choppy sideways markets. |
|
Last edited by a moderator:
