2025 -- May 15th 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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Bullish/Bearish Signal Detector​

lovetotrade20024 said:
By combining the power of the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) indicators, this script provides a unique and efficient method for detecting potential trading opportunities.

The script defines bullish conditions as those where the MACD histogram is positive and the RSI is above 50...


Read more
https://usethinkscript.com/threads/bullish-bearish-signal-detector-for-thinkorswim.20883/

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3 Trigger Pillar System​

justAnotherTrader said:
Hey traders, I’m sharing a straightforward script designed to help identify reasonable buy-in points based on three simple pillars:

Reasonable Strength – RSI not oversold, but showing some recovery potential
Reasonable Price – Price below Bollinger Band basis (but not in panic zone)
Reasonable Interest – Elevated relative volume to confirm trader participation
It’s not meant to be flashy or overloaded—just clean signals that help you keep your edge without noise.


Read more
https://usethinkscript.com/threads/3-trigger-pillar-system-for-thinkorswim.21029/

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VIP SUBSCRIBERS ONLY​

How To Use VIP Shared Chart Links​

usethinkscript said:
Never repeatedly load shared charts into your app.

This post will explain what you should do when you import a share chart link so you can then use that chart in any grid / workspace that you want.

But first, clean out any/all repetitions out of your study tab before you can start to build your workspace / grid.

Otherwise, you are going to have many other problems...

Read more
https://usethinkscript.com/threads/how-to-use-vip-shared-chart-links.20899/

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Show Possible Gains From Capturing x% of Every Move​

halcyonguy said:
This is not a tool to find trades. It shows, what if you had made a trade on every move, how much would that might add up to be.
It tries to show, that by capturing just a part of a move, money can be made. You don't have to find the exact bottom, or the top.

Have you asked yourself, what if i would have caught some of that move? This tries to answer that, by adding up gains over part of every move on a chart.


Read more
https://usethinkscript.com/threads/show-possible-gains-from-capturing-x-of-every-move.21014/

FROM THE ARCHIVES​

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Good Strategy Basics​

MerryDay said:
If you are new to ThinkOrSwim or to daytrading start here:
https://usethinkscript.com/threads/where-to-start-with-thinkorswim-and-daytrading.20946/#post-152716

If you are looking for an example of a good basic strategy; load @justAnotherTrader's 3 Trigger Pillar and follow along with the below tutorial.

All Trades must have Trend and Support. Trend and support are the daytrader's catalysts. These ensure that a trade moves in the intended direction...

Read more
https://usethinkscript.com/threads/good-strategy-basics-in-thinkorswim.8058/