Premium Only Content
 
			Program 90 | Finding extreme oscillator 'hooks'
This TradeStation EasyLanguage program is designed to assist traders in identifying potential trade entry zones by analyzing key oscillator behavior. The script monitors several popular momentum indicators—including %R, MACD Histogram, Commodity Channel Index (CCI), and Stochastic Oscillator—for the formation of "hooks" or pivot points that occur beyond overbought or oversold thresholds. The values of the overbought and oversold levels are set using user inputs.
A hook is defined here as a local turning point in the oscillator's movement, signaling a possible shift in momentum. When two such hooks occur consecutively in the same extreme zone (either overbought or oversold), the oscillator is flagged with a visual plot on the chart. If the oscillator subsequently crosses back through the overbought or oversold line within a user defined number of bars, an additional plot is drawn.
A 'hook' is marked with a cross and a crossover of the oversold line with a dot.
By highlighting these recurring patterns, this tool aims to give traders an early visual cue of potential momentum reversals. It’s not a standalone trading signal, but rather a contextual aid to support broader technical analysis and decision-making.
See https://markplex.com/easylanguage-programs/program-90-finding-extreme-oscillator-hooks/
- 	
				 21:31 21:31Clownfish TV21 hours agoOG YouTube is Officially ENDING! Employees Offered BUYOUTS?! | Clownfish TV8.51K24
- 	
				 5:54 5:54Gun Owners Of America18 hours agoThe Virginia Election Could Shift The Balance of Power Nationwide9.72K4
- 	
				 LIVE LIVEBEK TV23 hours agoTrent Loos in the Morning - 10/31/2025205 watching
- 	
				 LIVE LIVEThe Bubba Army22 hours agoIs Killing The New Trend??! - Bubba the Love Sponge® Show | 10/31/251,610 watching
- 	
				 2:25:16 2:25:16Demons Row13 hours ago $3.17 earnedEx Hells Angels MC President: Charles “Peewee”Goldsmith (Full Interview)15.6K3
- 	
				 3:35 3:35Gamazda11 hours ago $4.13 earnedThe Darkest Piano Theme?22.2K19
- 	
				 13:42 13:42Nate The Lawyer20 hours ago $3.07 earnedINSANE Judge REMOVED For Lying Under Oath, Insurance Fraud & Stolen Valor18.9K15
- 	
				 38:32 38:32Code Blue Cam1 day agoHow Police Stopped a Potential Church Massacre...50.3K12
- 	
				 24:26 24:26Actual Justice Warrior1 day agoWelfare Queens RAGE OUT Over Food Stamp Cuts21K59
- 	
				 3:05:11 3:05:11Inverted World Live11 hours agoThe Halloween Special with Drea De Matteo and Sam Tripoli | Ep. 133369K16