Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Indicator on Aug 30th, 2009
One of our forum members requested an implementation of the Williams’ VIX Fix indicator for TOS. Larry Williams describes the simple creation of a synthetic VIX calculation for any single market or security in the December 2007 issue of Active Trader Magazine. The Williams’ VIX Fix (WVF) indicator, shown below, plots a volatility index for [...]
Posted in Indicator on Aug 25th, 2009
Markos Katsanos’ Finite Volume Element (FVE) indicator was first described in “Detecting Breakouts” in the April 2003 issue “Technical Analysis of Stocks and Commodities.” The FVE is a money flow indicator but with several key differences from Chakin’s Money Flow or On Balance Volume. Unlike these money flow indicators which add or subtract all volume [...]
Posted in Indicator on Aug 21st, 2009
As I read Brian Shannon’s book Technical Analysis Using Multiple Timeframes, I began trying different implementations of a Volumetric Trendline. The result is the study you see here. The user enters the desired period and the study will plot a trendline that represents the linear volume based trend for that period. The trendlines update in [...]
Posted in Indicator on Aug 13th, 2009
I’ve had several requests to code various indicators designed by Tom DeMark and here is one such study. The DeMark Pressure Ratio indicator seeks to quantify accumulation/distribution through a combination of volume and price action. The short entry is indicated by the oscillator exiting from above the overbought line at 75 with the long entry [...]
Posted in Indicator on Aug 10th, 2009
Reader BillM commissioned me to build this swing trading study some time ago. The premise is very simple: Go long when the price breaks above the highest high from the last n days and go short when the lowest low of the last n days is broken. The study is very discreet in that the [...]
