Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
RSI, MACD, MFI, CCI, ROC
Ajordan930 said:Just a label indicator I have been messing around with. Currently using 2 candles and showing the current candle value along with previous candle close value and will color green if higher, red if lower, and grey if no change. It will plot the values for 5 momentum indicators. RSI, MACD,MFI, CCI, and ROC. I have 3 settings for display purposes that you can select from.
They are Big 5, Fast Scalping, and Trend Continuation. Big 5 shows all 5, Fast Scalping shows RSI, CCI, and ROC, and Trend Continuation shows RSI, MACD, and MFI. I created this just as a visual label to see how these traditional indicators are moving.
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https://usethinkscript.com/threads/rsi-macd-mfi-cci-roc-labels-for-thinkorswim.22063/
SPeedTrend (TrendQualityAnalyzer)
Adeodatus asked:This is a context filter layered behind your actual entry tools—VWAP, EMAs, CVD, liquidity levels, or your group’s TMO setups. It tells you whether the environment supports the trade you want to take. When Trend Quality and Dominance agree with your setup, you’re trading with the wind at your back. When they don’t, you’re stepping into chop.
This is in lower chart showing the Trend Speed Analyzer by Zeiierman, brought by samer800, with another fold in the script. It will use dynamic plots for the Green/Red dash line (shows trend speed), Acceleration factor, Direct Acceleration plotting, Trend Quality, a zero line and Bull Dominance. They are up to you to change how they look.
Read more
https://usethinkscript.com/threads/speedtrend-trendqualityanalyzer-for-thinkorswim.22091/
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VIX Term Structure & Front-End Stress Dashboard
antwerks said:(VIX3M / VIX + VIX9D / VIX – intraday regime filter)
antwerks edition from BenTen conversion
What this study is is an indicator that visualizes the shape and behavior of the VIX term structure using two ratios:
VIX3M / VIX → macro volatility regime
VIX9D / VIX → short-term (front-end) stress gauge
It is designed to answer one core question for intraday and short-term traders:
Is the market in a healthy risk environment — or is short-term risk beginning to creep in beneath the surface?
Read more
https://usethinkscript.com/threads/vix-term-structure-front-end-stress-dashboard.22098/
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Using Oscillators Profitably
merryDay shared:All "bound" oscillators have upper and lower boundaries.
Which are called:
"overbought" upper boundary
"oversold" lower boundary
Overbought and Oversold refer to the relative extreme levels reached by an asset's price.
Indicators: Common indicators like the TMO, and the Relative Strength Index (RSI) and Stochastic Oscillator are examples of bound oscillators with overbought and oversold boundaries.
Interpretation:Overbought: the asset's price has risen and is now considered overvalued relative to its recent average. No entry is recommended if the oscillator is in the overbought zone.
Oversold: the asset's price has fallen and is considered undervalued to its recent average. No entry is recommended when the oscillator has fallen into this basement zone.
The textbook entry zone is when the stock is above the oversold boundary but below the midpoint and is trending upwards...
Read more
https://usethinkscript.com/threads/using-oscillators-profitably-in-thinkorswim.11497/
FROM THE ARCHIVES |
Volume Price Confirmation Indicator (VPCI)
BenTen shared:VPCI or known as Volume Price Confirmation Indicator was developed by Buff Dormeier. It plots the relationship between the price trend and the volume.
Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to grow.
Read more
https://usethinkscript.com/threads/volume-price-confirmation-indicator-vpci-for-thinkorswim.97/
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