Custom ThinkScript Indicator Scripts for thinkorswim
Posted in Indicator on Mar 12th, 2009
OK – the beast is done. I’ve been working on this for weeks now and think it’s ready for public consumption. There are two ways to use Multi-Stops. First, it gives you a great reference point for placing trailing stops so you don’t get pipped out of the bigger moves. Rather than guess, Multi-Stops will [...]
Posted in Indicator on Jan 18th, 2009
Enter your desired working stop-loss amount. Two lines are plotted representing the current bar high/low plus the average true range of the underlying (or any multiple thereof). If your desired stop amount falls within the boundaries of the envelope, the plot is blue. When the volatility increases such that your stop is probably insufficient, the [...]
