2025 June 12th -- newsletter

[useThinkScript]

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!

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Momentum Conviction Scoring System​

justAnotherTrader said:
Alright guys, money is showing signs of possibly rolling out of defensive plays and back into growth. Its still early stages so watch for confirmation but its promising.

Lower/Falling vix environments help trend following and momentum trades. Currently the money seems to be flowing into Semi's and the recently beaten down Solars. Check SMH and TAN to confirm. That said I have chosen SHLS for our case study because I believe its a good break out candidate...

Read more
https://usethinkscript.com/threads/momentum-conviction-scoring-system-for-thinkorswim.21031/

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Latent Factor Scanner using Beta as Measure​

antwerks said:
Think of the market as an ocean. You observe waves (stock prices), but you can’t see the underwater currents (latent factors) — you can infer them by watching how the waves move together. We will use Beta as a measure of the hidden market forces (latent variables) sensitivity (loading) of the stock to each factor we employ. This is usually weighted against a benchmark like SPY.

Latent factor here is represented by the correlation and sensitivity to the overall market. The script calculates rolling beta (covariance ÷ variance) between a stock and SPY over a lookback period. High beta = strong exposure to the general market factor. Optionally we will filter for volatility and trending strength to find key stocks.

Read more
https://usethinkscript.com/threads/latent-factor-scanner-using-beta-as-measure.21128/

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Moving Average Ribbon/Cloud​

Alert Turnip said:
Moving averages help identify and confirm trends, reducing the likelihood of trading against the dominant trend.
Traders use two moving averages—one short-term x length and one longer 2x length — to spot changes in the trend. When the short-term line (which reacts faster to price moves) crosses above the longer-term line, it is used to confirm the uptrend. When it crosses below, confirmed downtrend...

Read more
https://usethinkscript.com/threads/moving-average-ribbon-cloud-for-thinkorswim.21112/

FROM THE ARCHIVES​

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Safe Hull Moving Average Indicator​

BenTen said:
This study defines trend and momentum by taking the Hull Average Of The MACD. Using the MACD Hull Moving Average (HMA) filters out noise and allows the identification of broader market trend.

Blue confirms bullish trend and momentum
Red confirms bearish
Orange == trend and momentum cannot be confirmed
This approach can help to reduce the number of false signals and improve the overall accuracy of trading decisions.

Read more
https://usethinkscript.com/threads/safe-hull-moving-average-indicator-for-thinkorswim.5/