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ThinkScripter Master Indicator

Posted by in Indicator, Market Internals, Oscillator | 8 comments

ThinkScripter Master Indicator

During last week’s chat someone mentioned they had seen a glimpse of this beast hiding on the Indicator Roundup page. The Master Indicator is a “FrankenStudy” combination of about five other studies. I have used it when trading from a size constrained screen where space is critical. At its heart it is a triple CCI with the main CCI line set to 14 periods. The two additional CCIs are set at 5 and 50. I trade this using traditional CCI methods. Added into the indicator are: 1) Squeeze dots indicating if a squeeze is on (i.e....

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Live Chat Sunday at 8PM Eastern

Posted by in Uncategorized | 1 comment

Live Chat Sunday at 8PM Eastern

Head on over to the forum Sunday evening at 8PM Eastern for a chat about thinkScript, TOS, or whatever. Registration in the forum is free and our community of thinkScripters is growing daily. See you there!

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Hourly Rolling Pivots Update

Posted by in Uncategorized | 2 comments

Hourly Rolling Pivots Update

One of our forum members pointed out a problem with the Rolling Pivots study that caused them to fail when plotted on tick charts. After a bit of troubleshooting I found my mistake and got the study up and running again. Good as new. The update is posted in the “Requests” forum in the Gold Donor section and will be added to the weekly update this Sunday.

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Auto-Hiding Fixed Pivots

Posted by in Indicator, Support and Resistance | 10 comments

Auto-Hiding Fixed Pivots

Here’s another reader request for a basic set of user input fixed pivots. I’ve thrown in some extra plumbing to make the pivots auto-hide when price diverges a user selectable percentage from the pivot. # TS_FixedPivots # http://thinkscripter.wordpress.com # thinkscripter@gmail.com # Last Update 20 APR 2009 input hide_if_percent = 1.0; input pivot = 800.0; input r_1 = 810.0; input r_2 = 820.0; input r_3 = 830.0; input s_1 = 790.0; input s_2 = 780.0; input s_3 = 770.0; def deltar1 = AbsValue(close - r_1); def percentDeltar1 =...

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ThinkScripter Pivot Confluence

Posted by in Indicator, Support and Resistance | 2 comments

ThinkScripter Pivot Confluence

YAPS!….yet another pivot study. Folks are requesting these so I keep doing them…. In this particular case we have a study that looks at the monthly, weekly, and daily pivot levels, makes a comparison and only plots the levels that are within a specified percentage of each other. In other words, we are looking for confluences of the various time-frame pivots as more likely to provide support and resistance.

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