useThinkScript Community

mod note:
Here is the last trend indicator you will ever need.

Most trend indicators fall into one of three groups.
Moving average trends like SMA, EMA, and VIDYA try to measure direction and persistence, but they always lag behind the action. Volatility trend tools like channels, bands, and supertrend only wake up when volatility expands or contracts.

mod note:
The Volume Confirmed Trend Dashboard, based on Buff Pelz Dormeier's August 2024 TASC article, implements a trend-following system that validates price moves using three volume-aware metrics: ADX, TTI, and VPCI. It isolates high-conviction trades by ensuring strong trends, bullish momentum, and institutional accumulation align.

A high-conviction buy...

AGAIG HEIKIN ASHI TREND TRACKER
my version (Simplified Trading Chart)​
This chart can greatly simplify your trading prowess. It also works with SPX, NDX, RUTand DJX (Cash Settled options which a lot of indicators don’t work with). You will want to use Heikin Ashi Candles when using this charting.

The charting has several of my other visuals on it as well.

Reverse Engineered RSI — Translating Momentum Into Price
Most traders use RSI as a traditional oscillator:
Above 70 = overbought Below 30 = oversold Around 50 = directional bias But standard RSI has one major limitation:
It tells you where momentum is — not where price must go for momentum to change.

A Reverse Engineered RSI solves that proble...

Just a rewrite of a transcribed script from TV that in my opinion correctly attributes volume confirmation to the price chart- emphasizing whether the action is backed by the volume and participation.
Code:Copy to clipboard ######################################################## # Volume Confirmed Trend Dashboard # Based on TASC 2024.08: # Trend Thru...