Custom ThinkScript Indicator Scripts for thinkorswim
Posted in Analysis on Mar 24th, 2009
I coded the Hourly Rolling Pivots as a result of a few donor requests and must admit I’m impressed by what I see. I’ve never used these pivots before but have been observing them over the last few days and have noted that they do a respectable job of showing areas of potential support and [...]
Posted in Indicator on Mar 21st, 2009
I’ve had a few donors request an implementation of Hourly Rolling Pivots. Each hour (or any time period you choose), the pivot levels will be recalculated based on the last hour’s high/low/close. These pivots are good for intraday trading and especially during periods of chop.
Posted in Indicator on Mar 20th, 2009
http://www.youtube.com/watch?v=4sHXmAVE4n0 Headed for perpetual donors’ mailboxes once I get the logic fine-tuned….
Posted in Indicator on Mar 19th, 2009
In his book, The Volatility Edge in Options Trading, Jeff Augen describes a method for recasting absolute price changes in terms of recent volatility using the standard deviation. In this representation of price action, the last bar’s price change is represented as its ratio to the standard deviation of the price action over a recent [...]
Posted in Uncategorized on Mar 19th, 2009
1. Scriptable alerts – both the regular kind and audio alerts 2. Retrieve h/l/c data from a different aggregation period (i.e. Say I want to plot a 50 period moving average from a daily chart on my 5 minute intraday chart – Note that’s NOT the same as a 50×130=6500 period average on the 5 [...]
