By popular request, here is a study that will display a gap opening and it’s 50% fill line. The plot will dynamically collapse as the gap is filled. It will work on any intraday chart timeframe, 24 hours or regular trading hours so long as the two affected trading days are showing. (Edit: If you [...]
Monthly Archive for January, 2010
Market Thrust Indicator
Posted in Indicator on Jan 23rd, 2010
The internal strength of the market can be gauged using many internal measures including Up Volume, Down Volume, Advancing, and Declining Issues. The Market Thrust indicator combines these four values to produce a single plot that gauges these internals. It is simply a plot of (Advancing Issues X Advancing Volume) – (Declining Issues x Declining [...]
EMA Initialization Bug Fixed
Posted in Uncategorized on Jan 19th, 2010
You’ll be happy to know that today’s release squashed a particularly troublesome EMA initialization bug. This is welcome news for those who use either the Vervoort Crossover or Heikin-Ashi Candlestick Oscillator as these use triple exponential moving averages and were negatively impacted by the bug. Thanks to the Thinkorswim team for hunting these down.
Advance/Decline Box
Posted in Indicator on Jan 3rd, 2010
Here’s a Sunday afternoon quickie for my loyal readers. While playing with some of the recently added new toys in thinkScript, I build this quick study that displays the Advance Decline Ratio or Advancing-Declining Issues in a little box at the upper left. You can select if you want the A/D Ratio or A-D Issues [...]
BUG ALERT: Exponential Moving Average Initialization
Posted in Uncategorized on Jan 2nd, 2010
Heads up to all that there is a bug in the current builds of TOS that affects the initialization of exponential moving averages. Beginning with the December builds, TOS changed the way exponential moving averages were initialized. I will spare you the details of what I have found but it is a real PITA. The [...]
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