Join useThinkScript to post your question to a community of 21,000+ developers and traders.
# ------------------------------------
# Labels for @menacetrader
# Created by TraderSam
# Created 09/27/25
# ------------------------------------
# === DEFS ===
def dailyRange = high - low;
def adrPercent = dailyRange / close * 100;
def adr5 = Average(adrPercent, 5);
def adr20 = Average(adrPercent, 20);
def averageprice5 = average(close, 5);
def averageprice20 = average(close, 20);
def lod = low;
def distance = close - lod;
def percentFromLOD = (close - lod) / lod * 100;
# === Labels ===
addlabel(yes, "ADR 5D Avg: " + astext(round(adr5, 2)) + "%" + " | " + "Today: " + astext(round(adrpercent, 2)) + "%" + " ", Color.gray);
addlabel(yes, " 20D $Avg " + averageprice20 + " ", color.cyan);
addlabel(yes, " 5D $Avg " + averageprice5 + " ", color.yellow);
AddLabel(yes, "% From LOD: " + AsText(Round(percentFromLOD, 2)) + "%" + " ", Color.RED);
addlabel(yes, "ADR 20D Avg: " + astext(round(adr20, 2)) + "%" + " | " + "Today: " + astext(round(adrpercent, 2)) + "%" + " ", Color.gray);
Hi,
I am a swing trader for 5years and using some indicators such as SMA, RSI, MACD and Volume. There is a guy advertising his daily strategy and selling his lesson for more than $1,000 with winning rate 90-100%. I doubt about it. Are there anyone knowing these indicators ? Thanks a lot. Happy holidays.
@Alkkkz, north of $100K per trading day is certainly doable if you have a deep pocket to speculate, proper risk management, and the mindset to really use leverage. It seems that the focus of the trader you have mentioned is market momentum. There are a number of excellent scripts here on this platform that covers market momentum. It is a matter of trying things out to see what really fits into your particular trading system. Wishing you all the best with your trading journey.Hello Traders,
I came across this interview on youtube. He is a 36 year veteran Trader Stephen Kalayjian. He claims he makes north of 100k per day based on a signal he gets from his indicators. What type of indicator gives that return? is this moving average, oscillators. Any guesses?
I guess try to tell us what you want to see and your decisions or actions after seeing it. I will tell you there is no ONE indicator that can give you definitive Buy and Sell signals. There are layers of validators that need to be used as well as pre-trading research for the right "boat". A few areas to validate might be Structural Context or Environment, Momentum and Expansion, Risk and Volatility, Liquidity and Where are you positioned to provide an Execution layer.I know the stickers but the indicator is real but the person won't to share me the name of the indicator
My guesses:Who has the this script View attachment 27277can you share please i been trying to look for it and cant fing it
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| M | How to display the Study/Indicator name in AddLabel ? | Questions | 1 | |
|
|
Removing study name/data from top of chart | Questions | 1 | |
| N | Excluding symbols from scan results based on name | Questions | 2 | |
| W | Adding a custom chart name | Questions | 1 | |
| U | WATCHLIST : Company Name alignment | Questions | 1 |
Start a new thread and receive assistance from our community.
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.
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.