Indicators

The whole enchilada! For more bite-sized chunks try one of the indicator category sub-menus above.

Many of scripts on this site are posted openly for you to use, learn from, and help create your own scripts. (As a courtesy, I would appreciate a reference in your header if you use a portion of my code to create your own study). The more detailed scripts are reserved for those who elect to become members. The entire package including many others not listed here is available for $125. At less than a buck an indicator, it’s one of the few genuinely good deals in the world of finance.

Hope to see you aboard! Until then, I’ll be “Paying it Forward” one indicator at a time.

– Eric Purdy | ThinkScripter Founder & Chief Software Architect

Pricing

Market Internals

Cumulative Tick

• Plots the cumulative sum of the NYSE $TICK values throughout the day. PRO

Market Thrust Indicator

• The Market Thrust indicator combines a plot of (Advancing Issues X Advancing Volume) – (Declining Issues x Declining Volume).

Advance/Decline Box

• Displays the Advance Decline Ratio or Advancing-Declining Issues in a little box at the upper left.

$TICK Range

• The day's $TICK range is indicated by the red and green horizontal envelope. Each new high TICK (NHT) or new low TICK (NLT) will push the envelope lines out giving you a handy reference.

Williams’ VIX Fix

• Larry Williams simple creation of a synthetic VIX for any security.

VIX Stretch

• Indicates when the VIX has stretched to 5% or greater from its 10 period moving average.

ThinkScripter Master Indicator

• The Master Indicator is a "FrankenStudy" combination of about five other studies. PRO

Polarized TRIN Oscillator

• Experimental polarized oscillator using the average value of the TRIN and TRINQ. The oscillator has been inverted so that a rising oscillator line is indicative of rising prices vice the way the actual TRIN works.

TICK + TRIN Indicator

• Combination TICK and TRIN indicator to save screen space. PRO

Advance/Decline Issues or Volume – Upper Study

• Modified market breadth indicator superimposed on the volume.

TIKI Indicator

• The TIKI is just like the TICK indicator on the NYSE but only measures the Dow 30 stocks.

TICK Indicator

• The green bars represent the high tick reading, red the low, the white dots the close, and the white line is an EMA of the HLC3 data. You can set your extreme levels where you like as well as the EMA period.

Market Breadth

• This indicator will plot market breadth for the NYSE or NASDAQ in one of four ways.

Extreme NYSE TICK Dots

• Plots a dot above/below the current bar if an extreme NYSE $TICK reading is registered.


Options

Put/Call Volume and Ratio

• Plots the put and call volume or ratio for three option expirations worth of data. PRO

Option Heatmap

• The two "Heatmap" studies will display a lower subgraph with a twenty strike wide map of the current open interest (daily charts only) or volume (all timeframes). PRO

Option Volume Profile

• The Option Volume Profile plots options contract volume in real time for a given expiration. Ten strikes are plotted around the current price. PRO

Weekly Option Spread Analysis

• Calculates safe range to sell weekly credit spreads based on historical price movement. PRO

Day of Week Analysis

• Calculates statistical data for the input ticker for the chosen day of the week. PRO

Option Spread Viewer

• Graphically depicts the value of an option spread on charts. PRO

Option Profile

• The Option Profile plots the open interest of ten strikes of both calls and puts centered around the current price. PRO

ThinkScripter Option Volume

• Display intraday option volume for a set of five option strikes.


Oscillator

Trader’s Dynamic Index

• Trader's Dynamic Index indicator for thinkorswim. PRO

Smoothed RSI Inverse Fisher Transform

• Sylvain Vervoort’s smoothed RSI Inverse Fisher Transform.

Multiple Timeframe SMI

• Monitors multiple timeframes simultaneously and indicates when an overbought or oversold alignment exists with either a red or green vertical band. PRO

Sine Wave Cycles

• A sine wave cycle support and resistance study similar to Barry Taylor's excellent indicator (non-TOS) at Emini-Watch.com. PRO

Stochastic Momentum Index with Divergence Signals

• Stochastic Momentum Index showing divergences with arrows. PRO

DT Oscillator

• Here’s a Saturday evening quickie. Lou dropped in […]

Short Term Volume and Price Oscillator

• Sylvain Vervoort's Short-Term Volume and Price Oscillator.

Finite Volume Element

• Markos Katsanos' Finite Volume Element (FVE).

DeMark Pressure Ratio

• The DeMark Pressure Ratio indicator seeks to quantify accumulation/distribution through a combination of volume and price action. PRO

Cycle Point Moving Average

• Plots a close approximation of the cycle point moving average.

McClellan Oscillator – Ratio Adjusted

• An early implementation of the McClellan Oscillator. Since replaced by the TOS native version.

ThinkScripter Master Indicator

• The Master Indicator is a "FrankenStudy" combination of about five other studies. PRO

Triple Stochastic-HL

• A triple stochastic oscillator using the high+low/2 as the base data point.

3/10 Oscillator

• Linda Bradford Raschke (LBR) 3/10 oscillator. 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.

Kaufman Efficiency Ratio

• Sometimes called the Price Headley Efficiency Ratio made popular by his Big Trends web site and book. In actuality it is the Kaufman Efficiency Ratio.

Double Elliot Oscillator

• Two Elliot Oscillators on the same study.

Fisher Transform Signals

• An upper study that plots Fisher Transform signals on the price bars.

Stochastic Madness – Upper Study

• Upper price chart version of Stochastic Madness. PRO

Stochastic Madness

• Three separate timeframe stochastic indicators are plotted in a binary fashion - oversold (green) - overbought (red). . When convergence across all three occurs, the top line will indicate the master signal. PRO

Kaufman’s Adaptive Moving Average Binary Wave

• Based on Kaufman's Adaptive Moving Average. It's pretty simple: 1 = buy, -1 = sell, 0 = neutral. You can experiment with the filter percentage and period to suit your taste.

Triple CCI

• A CCI with three periods plotted on the same indicator.

HLC MACD

• MACD based on the HLC/3 datapoint better at showing divergences.


Support and Resistance

Statistics Pack

• A set of five indicators that present useful statistics about the underlying's price history. PRO

Wilson Relative Price Channel

• The Wilson relative price channel is the adaptation of the relative strength index to price action.

Period VWAP

• Specific chart period VWAP.

Net Lines

• Net Lines indicator plots Buy/Sell levels as indicated by three bar series in one direction. PRO

Bollinger Bands with Embedded Fibonacci Lines

• Plots the standard Bollinger Bands with an embedded set of Fibonacci ratio lines.

Daily Moving Average – Intraday Chart

• Plots a daily moving average of a specified period on any intraday chart.

MACD with Bollinger Bands

• A standard MACD with its own set of Bollinger Bands.

Pivot Point Moving Average

• Calculates the moving average of the daily pivot point.

High Probability ETF Signals

• Seven ETF entry signals based on the Connors/Alvarez Book. PRO

Double Moving Average

• Plots the double moving average of price.

Fractal Pivot Levels

• Plots fractal pivot hi/lo price levels across the chart. PRO

SMA Spread

• A mean reversion indicator that plots the percentage spread of the current close from a given simple moving average.

Trend Line with Alert

• As I was scanning through various charts the other day, […]

Percent Correction

• Simply shows how deep the current correction is in percentage terms from the high. It is designed for use on daily charts during intermediate term pullbacks.

Chart Period VWAP and Standard Deviation Bands

• VWAP (Volume Weighted Average Price) and three VWAP standard deviation bands.

Sine Wave Cycles

• A sine wave cycle support and resistance study similar to Barry Taylor's excellent indicator (non-TOS) at Emini-Watch.com. PRO

Gap Fill

• Displays a gap opening and it's 50% fill line.

Volumetric Trendline

• Plots a trendline that represents the linear volume based trend for that period. PRO

N-Day Hi/Lo Breakout System

• Swing trading technique: 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. PRO

Trade Zones

• Trade Zones plots either a red or green box around any time you designate in the study properties.

Cycle Point Moving Average

• Plots a close approximation of the cycle point moving average.

Volume Channel

• Draws a high and low price channel corresponding to the price range of the selected period's highest volume bar. PRO

Auto-Hiding Fixed Pivots

• Basic set of user input fixed pivots.

ThinkScripter Pivot Confluence

• Evaluates the monthly, weekly, and daily pivot levels, makes a comparison and only plots the levels that are within a specified percentage of each other. PRO

Weekly/Monthly Pivots

• Weekly and monthly pivots that remain constant for that whole period.

ThinkScripter Regular Trading Hours Multi-Pivots

• A set of pivot points (Floor, Camarilla, DeMark Hi/Lo, Woodie's) based on regular trading hours (RTH 0930-1600 EST) only regardless of the hours displayed. PRO

ThinkScripter AutoFibLines

• AutoFibs will automatically draw a set of user-defined fib levels and extensions based on the previous swing high and low. PRO

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. PRO

Standard Deviation Price Change

• The last bar's price change is represented as its ratio to the standard deviation of the price action over a recent period.

Variable Index Dynamic Average (VIDYA)

• A variable moving average, the VIDYA, as described in The New Technical Trader by Tushar Chande and Stanley Kroll.

Moving Average with Slope Based Color

• The moving average of your choice with the color of the line based on the slope of the line.

ThinkScripter Multi-Stops

• Multi-Stops will plot five different types of volatility stops: Average True Range Stops, Wilder Average Stops, Chandelier Stops, Elder Safe Zone Stops and Fibonacci Stops. PRO

Previous Day’s Regular Hours High/Low/Close +

• Displays the previous day's regular trading hours high/low/close as well as two custom pivots. The script works on both 24H charts as well as Trading Hours only charts.

Three Day Pivot Range

• The three day rolling pivot range. The pivots are calculated using 24 hour data (vice normal hours) which appears to be a limitation of ThinkScript's high() and low() functions.

Opening Range

• This script will plot the opening range high and low for the specified time period. PRO

Camarilla Pivots

• An implementation of the Camarilla pivots.

Daily Pivot Points – Midline

• Plots the midline between the various daily pivot levels.

Scalper Buys and Sells

• Here's my incarnation of John Carter's Scalper Buys and Sells.

Day Range and Midpoint Pivot

• This script plots the highest regular-hours high, lowest regular-hours low, and midpoint pivot at each bar.

Average True Range Stop Validation

• Enter your desired working stop-loss amount. If your desired stop amount falls within the boundaries of the ATR envelope, the plot is blue. When the volatility increases such that your stop is probably insufficient, the plot turns red.


Trading Systems

Cumulative RSI Trading System

• A trading system based on the cumulative RSI. PRO

RSI Trading System

• Implementation of an RSI mechanical trading system. PRO

MACD Trading System

• An automated trading strategy based on the MACD. PRO

Turtle Trading System

• ThinkScript implementation of the Turtle Trading System PRO

High Probability ETF Signals

• Seven ETF entry signals based on the Connors/Alvarez Book. PRO

Vervoort Crossover

• Sylvain Vervoort's trading method using the crosses of two unique moving averages: a zero-lag triple exponential moving average of 1) the typical price (h+l+c)/3 and 2) the Heikin-Ashi close.

ThinkScripter Multi-Stops

• Multi-Stops will plot five different types of volatility stops: Average True Range Stops, Wilder Average Stops, Chandelier Stops, Elder Safe Zone Stops and Fibonacci Stops. PRO

Fisher Transform Signals

• An upper study that plots Fisher Transform signals on the price bars.


Trend

Index Chop Filter

• A filter for use in trading correlated indexes to avoid chop. PRO

Heikin Ashi Smoothed

• Heikin Ashi candlesticks with a smoothing average applied. PRO

Step Moving Average

• The Step Moving Average is only allowed to change in discrete steps calculated based on the average true range (ATR) or a user supplied constant step size. PRO

Trend Line with Alert

• As I was scanning through various charts the other day, […]

Trend

• This is a modified Heikin-Ashi trend indicator made popular by John Carter and widely available across the internet for other platforms. PRO

Renko Chart

• The colored blocks are analogous to those of the traditional Renko chart. Trend change is indicated when the next block begins to form in the alternate color. PRO

Three Line Break

• The Three Line Break chart, also called Three Price Break. PRO

Volume Trend and Price Trend

• Volume/Price Trend plots the linear regression of the volume/price for the user specified last number of bars with the color of line reflecting the slope.

Heikin-Ashi Candlestick Oscillator

• The Heikin-Ashi Candlestick Oscillator (HACO) uses the triple exponential moving average (TEMA) to filter out some of the whipsaws inherent in basic Heikin-Ashi candlesticks. PRO

Vervoort Crossover

• Sylvain Vervoort's trading method using the crosses of two unique moving averages: a zero-lag triple exponential moving average of 1) the typical price (h+l+c)/3 and 2) the Heikin-Ashi close.

ThinkScripter Multi-Stops

• Multi-Stops will plot five different types of volatility stops: Average True Range Stops, Wilder Average Stops, Chandelier Stops, Elder Safe Zone Stops and Fibonacci Stops. PRO

Heikin-Ashi Signals

• It plots a signal on the price bar when the Heikin-Ashi trend changes while using traditional candlesticks or bar charts.


Volume

Wave Volume

• The Wave Volume indicator plots cumulative volume for price waves. PRO

Volume Profile – Intraday Period

• Plots volume profiles for intraday time periods on today's chart. PRO

Volume Profile – User Defined Period

• Plots a Volume Profile for user specified chart periods. PRO

Tape Momentum Upper

• Minimal price pane version of the Tape Momentum indicator. PRO

Tape Momentum

• Depicts the pace of the tape in a graphical fashion giving insight into HFT and institutional action. PRO

ThinkScripter Option Volume

• Display intraday option volume for a set of five option strikes.

Volume Trend and Price Trend

• Volume/Price Trend plots the linear regression of the volume/price for the user specified last number of bars with the color of line reflecting the slope.

Daily Volume and TPO Profiles

• Daily versions of both the Volume Profile and TPO Profile. (REPLACED BY TOS NATIVE VERSIONS) PRO

Time Price Opportunity (TPO) Profile

• The Time Price Opportunity method is used for the creation of Market Profile histograms. Volume is completely ignored, and instead, we count the number of times a given price occurs throughout the chart. PRO

ThinkScripter Volume Profile

• The Original ThinkScripter Volume Profile. REPLACED BY TOS NATIVE VERSION. PRO

Volumetric Trendline

• Plots a trendline that represents the linear volume based trend for that period. PRO

Relative Volume Percentage

• A study comparing the current price bar's volume to historical volume in the same bar on previous days.

Four Volume

• Up/Down volume ratio of the average volume of the /ES, /YM, /NQ, and /TF combined.

Volume Channel

• Draws a high and low price channel corresponding to the price range of the selected period's highest volume bar. PRO

Up/Down Volume Ratio

• This indicator attempts to capture the ratio of rising price volume to falling price volume.


Headline Name: Email: subscribed: 2 We respect your privacy Email Marketingby GetResponse