Custom ThinkScript Indicator Scripts for thinkorswim
Posted in Analysis on Apr 15th, 2009
I received quite a few emails asking me what the heck I was looking at on the Triple Stochastic-HL indicator. Here’s a screen shot of today’s ES action with a few key areas highlighted. Essentially, the high probability trades exist when all three stochastics are at an extreme and a divergence exists. As you can [...]
Posted in Indicator on Apr 13th, 2009
My time to script this last week has been nonexistent so I’m pulling out a few old studies that I never posted to the blog. A few years back I was interested in one of the commercial trading systems being offered on the net specifically for trading futures and offering the proverbial trading secrets. This [...]
Posted in Indicator on Apr 6th, 2009
Reader Steve H commissioned me to build this popular study used by Linda Bradford Raschke. The indicator itself is exceptionally simple. The fast line (red) is a 10 period simple moving average subtracted from a 3 period simple moving average. The slow line (cyan) is then a 16 period SMA of the slow line. The [...]
Posted in Uncategorized on Apr 4th, 2009
Thanks to the generosity of donors I was able to move the blog over to ThinkScripter.com. The primary reason for moving off the excellent WordPress.com free site was to allow me to host a forum. That’s right, ToS users and scripters now have a place to call home and discuss all things thinkScript. I’m positively [...]
Here’s another one from the mind of Sylvain Vervoot. In “Trading With The Heikin-Ashi Candlestick Oscillator” (Stocks and Commodities, December 2008), Vervoot describes a methodolgy for creating a “visual tool to complement (Heikin-Ashi) candlesticks, helping you enter and exit trades, resulting in higher profits per trade.” In a nutshell, the Heikin-Ashi Candlestick Oscillator (HACO) uses [...]
