2025 -- January 8th newsletter

[useThinkScript]

New Indicators for ThinkorSwim​ 15 Min System, Market Sentiment ($SPXA200R), Dynamic Pricing Oscillator, and more...!​

Here on useThinkScript, we dive deep into the latest discussions and highlight the most valuable indicators, set ups, and strategies which could give you the edge in this week's markets. Scroll down to check out this week's must reads, carefully selected by uTS Moderators!

15 min system​

eagle_ai said: This is experimental model for 15 min chart. First is upper and lower border in gray = upper or resistance line, black line = support line. This similar in concept to darvas box but I use instead open and close instead high and low next is open close high and low candles in red and lime to see the opening and closure with color to direction of the trade. You can change the TF and res to anything else if you want to work with this system on different time frame. So it's an easy system to find where the support and resistance exists and what is the direction of trade.

Zero Lag Signals For Loop [QuantAlgo]​

sunnybabu said: The foundation of this indicator rests on its zero-lag implementation and dynamic trend assessment. By utilizing a loop-driven scoring system alongside volatility-based filtering, each market movement is evaluated through multiple historical lenses while accounting for current market conditions. This multi-layered approach helps differentiate between genuine trend movements and market noise across timeframe and asset classes.

AVAILABLE TO VIP MEMBERS ONLY​

Market Sentiment ($SPXA200R)​

useThinkScript said: The $SPXA200R is a key market sentiment indicator showing the percentage of S&P 500 companies trading above their 200-day moving average, a measure of long-term trend strength. Key Levels of $SPXA200R: 70%+: Strong bullish market with robust momentum and economic conditions 60%: Bullish confirmation, signaling a healthy uptrend 50%: Neutral zone, with equal potential for upward or downward movement 40%: Bearish confirmation, suggesting market weakness 30% or below: Strong bearish market, often linked to downturns or corrections Understanding these levels guides traders in assessing market trends and sentiment. How you trade MUST change with market conditions...

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Dynamic Price Oscillator (Zeiierman)​

samer800 said: The DPO operates by calculating the difference between the current closing price and a moving average of the closing price, adjusted for volatility using the True Range method. This difference is then smoothed over a user-defined period to create the oscillator. Additionally, Bollinger Bands are applied to the oscillator itself, providing visual cues for volatility and potential breakout signals.

FROM THE ARCHIVES: JUL 2019​

Connors 2 Period RSI Trading Indicator​

markos said: "Connors 2 Period RSI trading" refers to a trading strategy developed by Larry Connors that utilizes a very short-term Relative Strength Index (RSI) with a lookback period of just 2, aiming to capitalize on quick price reversals and mean reversion opportunities within a trend by identifying extremely overbought or oversold conditions on the market.