Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Adaptive StochasticFull
Sesqui said:Here is an Adaptive StochasticFull indicator. It is tuned to the market dominant cycle using the band-pass filter method as described in chapter 5 of Dr Ehlers' "Cycle analytics for Traders". The data is smoothed using the EhlersSuperSmootherFilter before it is fed into the indicator to reduce chatter.
The smoothing length is set to the dominant cycle length as well. It is shown below as the indicator in the middle of the screenshot, just above the volume indicator. The length of the yellow FullD line can be set using the properties dialog.
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https://usethinkscript.com/threads/adaptive-stochasticfull-for-thinkorswim.21706/
MACD-V
DaysOff said:MACD-V: Volatility Normalised Momentum
The MACD-v improves the existing (MACD), by eliminating its shortcomings. It is a unique type of hybrid “boundless oscillator” that opens the doors for several pattern recognition opportunities which would not be definable using the classic MACD.
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https://usethinkscript.com/threads/macd-v-for-thinkorswim.19214/
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S&R by Volume/Price Absorption
rewardiaz said:I’ve been working on a new support & resistance concept driven exclusively by volume. The study detects Relative-Volume spikes and looks for bid/ask stability (when quotes remain within ~0.5 of their inertia filter). I’m very happy with the results.
Before using this, please research Supply/Demand trading.
Key idea: “Support becomes resistance, and resistance becomes support.” If that clicks—cheers!
What the script does
Detects liquidity absorption at the bid or ask during volume spikes.
Drops rolling S/R levels at the defended prices.
Marks the bars where defense occurred so you can see who’s holding the line.
How it works (under the hood)
1) Stable-quote regime...
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https://usethinkscript.com/threads/s-r-by-volume-price-absorption.21732/
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Volume Pressure in a Whole New Light
dap711 said:I like my indicators to be easy on the eyes and intuitive just by a quick look. So, here is a volume pressure indicator that not only measures the chart asset, but it calculates the Magnificent 7, QQQ, and SPY.
When the colors are all the same enter the trade! Can be used on any time frame.
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https://usethinkscript.com/threads/volume-pressure-in-a-whole-new-light-for-thinkorswim.21690/
FROM THE ARCHIVES |
SuperTrend TradingView Look-A-Like
barbaros said:I modified a version of SuperTrend that is already available for Thinkorswim to imitate the style.
mod note:
Day traders and scalpers often use the SuperTrend as a trend filter or entry/exit trigger:
✦ Enter long positions when the line flips green or a “BUY” alert appears.
✦ Enter short positions when it flips red or a “SELL” alert appears.
Combine with volume, RSI, or moving averages for confirmation.
Use on 1-minute to 15-minute charts for intraday signals.
WARNING:
It’s not a standalone “buy/sell bot,” but it’s great for visual trend confirmation and alerts in fast markets.
Read more
https://usethinkscript.com/threads/supertrend-tradingview-look-a-like-for-thinkorswim.7719/
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