Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Analysis on Sep 9th, 2009
Volume speaks….well, volumes – Various timeframe looks at the market using the new Volume Profile study. You’ll see I’ve added the first and second standard deviation bands onto the VWAP. I expect to push the update out this weekend with some other subtle improvements. Thanks to everyone for the encouragement to get this project completed [...]
Posted in Analysis on May 12th, 2009
As I watched the market today, I paid particular attention to the Volume Channel study I coded last week. Volume often speaks, well, volumes about the underlying price action. I’ve circled the instances where price revisited a high volume level and a rejection occurred. Not bad…I see a bright future ahead for this one or some [...]
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 [...]
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 [...]
Many of you asked for a method to backtest this study. It is a relatively simple matter to construct a thinkScript strategy from a study. Most of the code from any study can be copied straight across into your strategy. You will need to declare the strategy mode with a declare statement with one of [...]
