What’s New

To Fallen Comrades

Posted by on May 22, 2009 in Uncategorized | 0 comments

What does Memorial Day mean to you? Another three day weekend? A car race? A chance to catch up on some much needed scripting? I’ll be the first to admit that I have taken this holiday for granted more often than not. As I unpacked the mementos and photos today that I accumulated over the last twenty years, I became became keenly aware of the number of friends and fellow aviators who have died in the service of our country. Military aviation is dangerous; Naval Aviation particularly so. Not a year has gone by during my time on active...

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Cycle Point Moving Average

Posted by on May 19, 2009 in Indicator, Oscillator, Support and Resistance | 13 comments

Cycle Point Moving Average

UPDATE : This script has been rendered inoperable as of 12 Dec 09 due to changes in the TOS ZigZag function. I will leave it posted as a reference for coders to examine the script methodology. This very basic script plots a close approximation of the cycle point moving average. You enter in the required price reversal for a cycle turn, a moving average period, and it does the rest courtesy of the TOS zigZag function. I had coded this script some time ago and found nothing particularly compelling about it but decided to use it to illustrate...

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McClellan Oscillator – Ratio Adjusted

Posted by on May 15, 2009 in Indicator, Oscillator | 1 comment

McClellan Oscillator – Ratio Adjusted

I got tired of heading over to other sites to see the McClellan Oscillator so I coded this one up. The only rub appears to be a TOS data issue in that this study needs to be plotted on a daily chart of a market internal such as $TICK, $UVOL, etc. If you try to plot it on an equity or future, the line is no longer correct. # TS_McClellanOscillator # (c) 2009 http://www.thinkscripter.com # thinkscripter@gmail.com # Last Update 14 May 2009 # # **** NOTE: This indicator must be run on a chart # **** of a market internal such as $TICK to work...

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Excellent Article by Prospectus on Trailing Stops

Posted by on May 14, 2009 in Uncategorized | 3 comments

If you haven’t seen Prospectus’ blog yet, I recommend you head on over there now and read his great new post “Tutorial: Trailing Stop Strategies for Think or Swim.” We’ve been batting these ideas around in the forum of late and this article makes some excellent points. Well done Pro! If you like his work, consider dropping a tip in his...

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Four Volume

Posted by on May 13, 2009 in Indicator, Volume | 10 comments

Four Volume

Here is a bit of a twist on my earlier Up/Down Volume Ratio study. Rather than plot the ratio of an underlying equity or future contract, this study averages the volume of the /ES, /YM, /NQ, and /TF and performs the same calculations. In essence, I’m trying to see if more of the volume is going into the bars that close down or to those that close up. You can see from the plot that very high ratios often precede tops and very low ratios often precede bottoms. The indicator can also produce nice divergences as well. (NOTE: This one is a...

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