Aren't complicated studies the worse kind?


Active member
How is a study good if somebody who never seen your study require a half hour seminar to understand the concept behind it?

KISS is the best in my opinion because it enables you quickly know if there's a position to be made when you're flipping through the results of a stock scanner search.

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Its all in the eyes of the beholder. Everyone has there preferences. Some traders like using only technicals others fundamentals. It really just comes down to what works for you and what's your edge. Some traders like complicated studies to make them feel a sense of security when entering a position and other like a naked chart and trade purely off of price action. Every study and even price action pattern works only because a majority of people follow them. But to answer your question, it can be good, is it? I don't know back test it and see. Just because it takes a long time to learn doesn't mean its a bad study.
Since starting to use TOS (about one year) I have experimented with many "pretty" indicators, some with many, many lines of code. After all the playing with them, I settled back into using what I have used for 25 years, that is all of the Welles Wilder indicators that, when invented by Wilder, were actually calculated by hand because PCs were not around. I liked what @JeffryBatista said, and I agree. Successful trading is all about finding something that works for you. Good luck.
Thread starter Similar threads Forum Replies Date
maverickmitch Memory Usage of Custom Studies Playground 0
J Studies Performance Tips & Tricks Playground 1

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
341 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.