What is this indicator ?

horserider

Well-known member
VIP
I have noticed a lot of people want to use only arrows as signals to trade. Some fancy dan arrow studies have shown up. So can anyone identify this "super duper complicated" arrow indicator.
DtyppZF.png

There is a hint in the text above.
 

Attachments

  • DtyppZF.png
    DtyppZF.png
    94.8 KB · Views: 130
OK seems no one wants to participate. The point is most times fancy indicators are not necessary. Anyone think it is the Market Mover or Reversal indicator ? NOPE The answer is the 21 SMA with arrows turned on.

Who would have guessed. I can post loads of arrows studies if anyone is interested and ya'll can guess. Could be a nice learning game. Let me know of any interest.
 

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

Who can identify the Magic Arrow Study ? How many think magic arrows is the Holy Grail of trading? If you had to buy the study or join a group to get it , would you? Do you or would you pay for trade alerts ( buy and sell )?

a8Xsl5V.png
 

Attachments

  • a8Xsl5V.png
    a8Xsl5V.png
    70.8 KB · Views: 109
@cherif Nope that uses zig zag and repaints. This is based on only one indicator. Very simple. Much like the 21 SMA I posted previously. It does use a SMA and compares historical price from a lookback based on length of SMA. That is a clue for you.
 
@icmoflow Nice try but not correct. Thanks for participating. Another clue, The proposed use of the indicator was to see historical places in time where a stock would peak or trough( cycle). Then you could anticipate this happening again by measuring time between those and projecting it to predict when a new cycle may occur.
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
493 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.
Back
Top