Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Adaptive True Momentum Oscillator
Sesqui said:I took the liberty of modifying the popular True Momentum Oscillator by Mobius by making it adaptive to the dominant market cycle. The dominant cycle in this variant is obtained using the band-pass filter method per Chapter 5 of Dr Ehlers' book, "Cycle Analytics for Traders". Here is a screen shot showing the adaptive TMO as the bottom indicator immediately above the volume indicator.
Another modification involves replacing the EMA used to smooth the main and signal lines with EhlersSuperSmootherFilter. The SmootherLength is currently set to 6, but can be changed in the properties dialog. Hopefully this adaptive variant will be the game changer you are looking for. Enjoy!
Read more
https://usethinkscript.com/threads/adaptive-true-momentum-oscillator-for-thinkorswim.21709/
Inverse Fisher Oscillator [BigBeluga]
samer800 said:The Inverse Fisher Oscillator is a powerful tool for identifying market trends and potential reversal points by applying the Inverse Fisher Transform to normalized price data.
This indicator plots multiple smoothed oscillators, each color-coded to signify their relation to dynamic volatility bands. Additionally, the Butterworth filter is incorporated to further refine trend signals.
Read more
https://usethinkscript.com/threads/inverse-fisher-oscillator-bigbeluga-for-thinkorswim.19606/
VIP SUBSCRIBERS ONLY |
Ehlers' Key Levels
useThinkScript said:An Excellent Tool For Dynamic Support & Resistance
This study builds on John Ehlers’ DSP concepts to create a smoother, faster version of a dynamic support and resistance that reacts to real price direction with less lag. But obviously no lookback indicator will react fast enough in some of the volatile days seen lately. Which is why this is not to be used for entry / exit.
This VIP custom Ehlers Key Levels is based on the Least Squares Moving Average.
It uses a low-lag moving average with smoothing to track true trend momentum, then wraps it in dynamic support and resistance “bands” based on its own historical highs and lows.
Read more
https://usethinkscript.com/threads/ehlers-key-levels.21699/
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SBV Flow Trading
antwerks said:The “SBV Flow Trading System (2 Signal Lines)” is a volume-based momentum indicator.
It shows whether big players are buying or selling and uses two smoothed ema lines to flag when that pressure shifts direction.
Read more
https://usethinkscript.com/threads/sbv-flow-trading-for-thinkorswim.21691/
FROM THE ARCHIVES |
A trend, momentum and cycle Trading System v3.0 (CSA)
diazlaz said:All strategies require Trend, Momentum, and Cycle scripts. This study strives to provide all the essentials in one indicator.
It includes studies such as TTM Trend, Super Trend, Frema, TMO, TOP, DMI , BOP, Slim Ribbon, ADX as Trending/Non-Trending, Super Trend w/CCI and ATR combo and a tri-fecta of CCI + TTM squeeze + TTM trend Combo with entry signals on LONG/SHORT/HOLD.
Inspired by the work of the community here, this is the continuation of the CSA studies series.
Read more
https://usethinkscript.com/threads/a-trend-momentum-and-cycle-trading-system-v3-0-csa.1596/
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