Understanding The Market Forecast Study | thinkScript Studies on thinkorswim | 1-26-24
HTML-код
- Опубликовано: 2 окт 2024
- thinkScript Studies on thinkorswim | 1-26-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
Today we discussed previous session’s contingent orders placed on the thinkorswim paperMoney platform. We then discussed the Market Forecast study. We also performed an end of week market drill down.
Have a market idea, but you just can't find the tool to put it into action? Create your own custom indicator with thinkScript. Your education coach will build custom trading tools as you watch to help give you an understanding of creating and using scripts on the thinkorswim platform. Time to tinker with those technicals.
1023-3KVR
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
Links related to today's discussion (Not guaranteed as to accuracy or time):
Market Forecast Link: tos.mx/9vBYGZh
Chart Clusters Link: tos.mx/HdubitJ
@KenRoseCS on X formerly twitter
#SchwabCoaching #TraderTalks #kenrose #thinkorswim
Brilliant video! Turn this indicator into a scanner with "MarketForecast()."Momentum" is less than or equal to 20 and MarketForecast()."NearTerm" is less than or equal to 20 and MarketForecast()."Intermediate" is less than or equal to 20 and MarketForecast()."Intermediate" is greater than MarketForecast()."Intermediate" from 1 bars ago"
Great idea
Wow! That looks like a cluster signal. Will try this out tonight. Many thanks mate
Feedback: We need a weekly webcast with say two coaches who spend the whole session reviewing stocks (based on requests submitted or the most popular ones like MAG7 or DOW30) and walking thru the technical analysis answering a basic question: "where is this stock might be going?" All for educational purposes only. How to think and analyze a chart. What studies might one apply? SMA EMA Cahold Cblohd MACD etc. etc.
I like that Idea. Will send along the request.
Does think or swim offer any oscillator close the s&p short term oscillator that Jim Cramer often refers to?
Will check that out, thanks, ^MF
When will the updated version be available ?
I've been using the original version for a long time.
tos.mx/MscDNo5
Idea - after all 3 give cluster signal on pullback - wait for the security to close above the 5 day sma to buy
Perhaps we can backtest that in the future
I have been struggling to create a scan with the Market Forecast cluster signal with zero luck. Can you help please?
will try to do this in a future session perhaps this Friday
@@tradertalkswebcasts Many thanks
Thanks KR
Glad it was helpful, ^MF
Thank you for your educational video, Would you please share with us how to set up the Cloud simple moving avg.?
Will do in a future session
A bullish cluster dot has appeared on SPX
Interesting
I started using this for swing trades. It doesn’t give very frequent signals but when it does signal it seems pretty powerful. So far I only have used it during the current market upswing so I’m not too sure how it would do when we are in a correction phase. We will have to see
Another valuable way to use for swing trade... if the green line is above 80 [ trending] and you get the blue line down near or under 20 and flips up, this is an opportunity for a swing back into the prevailing green direction. I wrote a multi time frame stochastics before finding this study, and use that play a lot. Check out some trending charts and see what you think
Good idea
Will need to check that out