2025 November 7th -- 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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Wick Pressure​

guest said:
Multiple Wicks forming at OverSold & OverBought levels create Buying and Selling Pressure. This Script tries to capture the essence of the buy and sell pressure created by those wicks. Wick pressure shows that the trend is Exhausted.
The indicator checks for three candles forming the wicks in overbought and oversold zones. The zones are set by RSI and can be changed in settings. Those three candles should form a bit long wick and length of the wick is determined by ATR. The ATR multiple can be changed from settings. And then the script draws a box in the area formed by three candle wicks.
Read more
https://usethinkscript.com/threads/wick-pressure-for-thinkorswim.18461/

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OnBalance Volume​

useThinkScript said:
On Balance Volume Modified (OBVM) is a variation of On Balance Volume (OBV) that adds a signal line and smooths out the OBV with an exponential moving average.
OBV is a momentum indicator that tracks changes in trading volume to predict price movements and market player strategies.
OBVM can help determine when major market moves might occur, and can be most useful as an entry filter when an instrument is testing a major support or resistance level.
Read more
https://usethinkscript.com/threads/onbalance-volume-for-thinkorswim.19227/

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VIP SUBSCRIBERS ONLY​

Let's Trade EarningsEarnings Scanner​

merryDay said:
Here’s the newest earnings scanner — it’ll show you the top market-moving companies, who are reporting earnings and making the biggest moves in the next 48 hours.
Shared Scan Link: here
Right now, about 40% of the S&P 500 has reported, and most have been positive — that’s what’s been driving new highs lately. Historically, half of the market’s big moves happen around earnings.
Experienced traders, who are deep into the fundamentals and guidance details; will make most of their profits during this season. For example, it wasn’t a secret that...
Read more
https://usethinkscript.com/threads/lets-trade-earnings.16115/page-5#post-157670

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CCI Trend Duration​

chewie76 said:
This indicator displays the number of bars in your trend. The below code is for the CCI, but you could add any indicator into the code where price is above or below a certain level. For example, in the picture there is a Hull Moving Average and RSI as well as the CCI shown.
When the trend is over 10 bars, the color changes indicating that the trend could be getting exhausted. Below is a 4 hour chart of NQ. When all three of these reset at the exact same bar, that indicates a strong new trend. The labels show you how many bars the trend is currently in. This could also help in analyzing the average size of past trend lengths.
Read more
https://usethinkscript.com/threads/cci-trend-duration-for-thinkorswim.21755/

FROM THE ARCHIVES​

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Programmatic Support and Resistance​

netarchitech said:

Read more
https://usethinkscript.com/threads/programmatic-support-and-resistance-for-thinkorswim.55/