Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Volume Based Colored Candle
NormalTrader888 said:VVTC identifies sustained trend conditions by requiring alignment between moving averages, slope, volume participation, momentum direction, and VWAP position. The study is designed to provide confirmation that a move has real participation behind it.
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https://usethinkscript.com/threads/volume-based-colored-candle-for-thinkorswim.22204/
STOCK INSIGHT — Homework 101 For ThinkOrSwim
atcsam asked:A Multi‑Layer Decision Framework for Retail Traders.
1. Fundamentals — “Is this a good business?”
Stock Insight begins with a structural read of the company itself.
This layer evaluates:
Profitability
Cash Flow
Balance Sheet Strength
Returns & Efficiency
Growth
Long‑Term CAGR
These six categories roll into a 12‑point Fundamental Quality Score...
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https://usethinkscript.com/threads/stock-insight-—-homework-101-for-thinkorswim.22208/
VIP SUBSCRIBERS ONLY |
Fortress of Safe Havens
merryDay said:When the markets rotate to safety. It means a move to value / defensive stocks.
Stocks that hold their value through the rough times.
Below is my personal list that has worked for me in the past.
Past behavior is not a predictor of future behavior.
This is not a prediction that these stocks are about to take off.
It's an example of where one trader goes to look for safe-haven stocks.
Tips & Tricks
- When the markets are being driven by macro events. Macro structures of support and reward are not respected.These types of markets move...
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https://usethinkscript.com/threads/fortress-of-safe-havens.22203/
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TrendFusion
chewie76 shared:I added another moving average and ATR based bands to the TrendFusion indicator. There are trade signals if you turn them on. Default averages are 35 and 63, but feel free to change them to your favorite averages. The bands are based on the "maPeriod" average. Trade signals can also be adjusted by changing the dmiPeriod and adx levels. You can view long and short signals, or just turn on long or short in the settings under "tradeType".
This is a good trend indicator that also gives you good areas where price could be extended.
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https://usethinkscript.com/threads/trendfusion-for-thinkorswim.21517/
FROM THE ARCHIVES |
ATR ADR Indicator (with %)
jngy2k shared:This script is basically a volatility dashboard. It tells you one thing: How much room does this ticker realistically have to move today?
ATR
How much the ticker typically moves per bar, including gaps.
What to do with it:
- Position sizing: Higher ATR → smaller size.
- Stop placement: Your stop must be outside the ATR noise.
- Expectations: If ATR is 0.50, don’t expect a $2 move.
- Avoid chop: Low ATR = dead ticker = skip it.
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https://usethinkscript.com/threads/atr-adr-indicator-with-for-thinkorswim.4095/
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