Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Indicator on Oct 17th, 2009
Here’s a Saturday evening quickie. Lou dropped into the forum last week looking for a simple thinkScript conversion of the DT Oscillator code he had. It’s pretty basic but I thought I’d post it here in case you missed it in the forum. In essence it is just another version of the Stochastic RSI. I’ve [...]
Posted in Indicator on Apr 6th, 2009
Reader Steve H commissioned me to build this popular study used by Linda Bradford Raschke. The indicator itself is exceptionally simple. 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. The [...]
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 [...]
Posted in Indicator on Mar 26th, 2009
I’ve been messing with the TRIN as of late and crafted this 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. I’d have to classify this one as experimental so [...]
