Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Indicator on Sep 20th, 2009
One of our members requested an implementation of Sylvain Vervoort’s Short-Term Volume and Price Oscillator as described in the November 2007 issue of Stocks and Commodities magazine. In essence, when the price is trending up and volume is increasing, volume is added into the oscillator calculation. Conversely, when price is trending down and volume is [...]
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 [...]
Many of you asked for a method to backtest this study. It is a relatively simple matter to construct a thinkScript strategy from a study. Most of the code from any study can be copied straight across into your strategy. You will need to declare the strategy mode with a declare statement with one of [...]
Posted in Indicator on Mar 31st, 2009
(Update 29 Dec 2009: There is a bug in the current build of TOS which makes the Vervoort Crossover lines go ape at the beginning of the chart. Commenting out the line signal.assignValueColor(if buySignal then color.green else color.red); appears to fix the problem….for now. – Eric
Thanks to Reader Randy H. for suggesting this one. In [...]
