ThinkScripter » stochastic

Multiple Timeframe SMI

ThinkScripter — Tue, 23 Mar 2010 01:09:35 +0000

One of the most basic tenants of trading is the use of multiple timeframes. The highest probability signals occur when indicators align across multiple different time period charts. The Multiple Timeframe Stochastic Momentum Index (SMI) monitors multiple timeframes simultaneously and indicates when an overbought or oversold alignment exists with either a red or green vertical band. ****Note: You must not have the TOS style setting “Fit studies to screen” checked for the indicator to work properly.**** Also pictured are Sine Wave Cycles and a custom thresholded version of the Fisher Transform Signals. The paintbar coloring is courtesy of a forthcoming trend indicator I am developing. (Note: The Multiple Timeframe SMI will be sent out during this weekend’s Pro Subscriber update.)

Multiple Timeframe SMI

DT Oscillator

ThinkScripter — Sun, 18 Oct 2009 03:21:52 +0000

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 been a bit quiet these days in the forum as I have spent a fair amount of time deep in the ThinkScripter laboratory cooking up some new goodies for you all. A careful examination of the price pane will reveal that the daily version of the Volume Profile is nearly complete. Stay tuned….

DT Oscillator

# TS_DTOscillator thinkScript translation by ThinkScripter
# http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 15 OCT 2009

declare lower;

input RSIPeriod = 13;
input StochasticPeriod=8;
input MAType = {default SMA,EMA};
input KPeriod = 5;
input DPeriod = 3;
input upper = 70;
input lower = 30;

def StoRSI= 100*(( RSIWilder( RSIPeriod) - lowest( RSIWilder( RSIPeriod ) , StochasticPeriod ) ) / ( (
highest( RSIWilder( RSIPeriod) , StochasticPeriod ) ) - lowest(RSIWilder( RSIPeriod ), StochasticPeriod ) )
);

def SK;
def SD;

Switch (MAType){
case SMA:
SK=average(StoRSI,KPeriod);
SD=average(SK,Dperiod);
case EMA:
SK=ExpAverage(StoRSI,KPeriod);
SD=ExpAverage(SK,DPeriod);
}

Plot DTOscSK = SK;
DTOscSK.setDefaultColor(color.blue);
plot DTOscSD = SD;
DTOscSD.setDefaultCOlor(color.gray);
DTOscSD.setStyle(curve.SHORT_DASH);
plot zero = 50;
zero.setDefaultColor(color.white);
plot UpperL = upper;
UpperL.setDefaultColor(color.red);
plot LowerL = lower;
lowerL.setDefaultColor(color.green);

ThinkScripter Master Indicator

ThinkScripter — Sat, 02 May 2009 13:27:11 +0000

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. the Bollinger Bands are inside the Keltner Channels)
2) Volatility dots indicating if the average true range is greater than my desired working stop loss
3) A five period stochastic with blue/red dots indicating stochastic and signal line cross
4) Stochastic Madness overbought/oversold confluence triangles
5) A LSMA centerline indicator which shows if price is greater/less than the LSMA or alternately if the LSMA slope is positive/negative
Note: I will post this in the Gold Donor section of the forum on Sunday.

(Also pictured are ThinkScripter MultiStops and ThinkScripter RTH MultiPivots – Woodie’s Pivots)

ThinkScripter Master Indicator

Master Indicator Detail

Triple Stochastic-HL

ThinkScripter — Tue, 14 Apr 2009 02:02:36 +0000

My time to script this last week has been nonexistent so I’m pulling out a few old studies that I never posted to the blog. A few years back I was interested in one of the commercial trading systems being offered on the net specifically for trading futures and offering the proverbial trading secrets. This is one such study. It is a triple stochastic oscillator using the high+low/2 as the base data point. Ultimately, there is some utility in plotting three separate stochastics on one panel for both space saving reasons as well as for trading. The Stochastic Madness study was an offshoot of this study in which the analog data presented here is stripped down in favor of a purely digital representation. As with any analog to digital conversion, some of the data is always lost in the process and digital is not always better. The original analog Triple Stochastic-HL is presented below.

Triple Stochastic-HL

# TRIPLESTOCHASTICHL
# (c) 2009 http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 13 APR 2009 

declare lower;

def over_bought = 80;
def over_sold = 20;
input ShortKPeriod = 5;
input ShortPercentK = 3;
def priceH = high;
def priceL = low;
def priceC = (high+low)/2;
input smoothing_period = 3;
input MidKPeriod = 17;
input MidPercentK = 5;
input LongKPeriod = 28;
input LongPercentK = 14;

def Sc1 = priceC - Lowest(priceL, ShortKPeriod);
def Sc2 = Highest(priceH, ShortKPeriod) - Lowest(priceL, ShortKPeriod);
def SFastK = Sc1/Sc2*100;

def Mc1 = priceC - Lowest(priceL, MidKPeriod);
def Mc2 = Highest(priceH, MidKPeriod) - Lowest(priceL, MidKPeriod);
def MFastK = Mc1/Mc2*100;

def Lc1 = priceC - Lowest(priceL, LongKPeriod);
def Lc2 = Highest(priceH, LongKPeriod) - Lowest(priceL, LongKPeriod);
def LFastK = Lc1/Lc2*100;

plot STF;
plot MTF;
plot LTF;

STF = Average(SFastK, ShortPercentK);
MTF = Average(MFastK, MidPercentK);
LTF = Average(LFastK, LongPercentK);

STF.setDefaultColor(color.green);
MTF.setDefaultColor(color.yellow);
MTF.setLineWeight(2);
LTF.setDefaultColor(color.magenta);
LTF.SetLineWeight(3);

plot OverBought = over_bought;
OverBought.setDefaultColor(color.DARK_GRAY);

plot OverSold = over_sold;
OverSold.setDefaultColor(color.DARK_GRAY);

LTF.AssignValueColor(if LTF < 20 then color.green else if LTF > 80 then color.red else color.magenta);

plot MidLine = 50;
Midline.SetDefaultColor(color.white);

Stochastic Madness – Upper Study

ThinkScripter — Mon, 02 Mar 2009 23:42:14 +0000

If you’re into conserving screen real estate then this version of Stochastic Madness is just the ticket. The signals are plotted on the high or low of the corresponding bar.

Stochastic Madness - Upper Study

Stochastic Madness

ThinkScripter — Sun, 01 Mar 2009 04:43:33 +0000

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. There’s a sneak peak of my Auto-Fibonacci retracement script hiding in the picture as well

Stochastic Madness