2025 October 10th -- 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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TMO Plus Volume and Volatility Indicator​

dart966 said:
I am a huge fan of Mobius' TMO (True Momentum Oscillator). Knowing that volume is the driving factor in moving price and that high volatility means greater price swings, I decided to apply this code to volume and volatility to create a 3 in 1 indicator. (Don't sleep on this KI and ED )

I have been using this for awhile to time my entries on lower timeframes and I am very impressed with the results; therefore, with all the latest scripts posted about volatility, I decided to share my favorite indicator, The TMO Plus.

Read more
https://usethinkscript.com/threads/tmo-plus-volume-and-volatility-indicator-for-thinkorswim.21612/

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Bullish Reversal Pattern Scanner​

antwerks said:
The "Bullish Reversal Patterns Scanner" is a ThinkScript designed to identify seven common bullish reversal candlestick patterns on daily charts within the ThinkOrSwim (TOS) platform. Its primary goal is to assist traders in detecting potential turning points where a downtrend may reverse into an uptrend, enabling timely entry points for long positions.

The script outputs a binary signal (1 or 0) compatible with the Stock Hacker tool on daily aggregation, making it ideal for scanning large datasets to filter stocks exhibiting these patterns.

Read more
https://usethinkscript.com/threads/bullish-reversal-pattern-scanner-for-thinkorswim.21599/

VIP SUBSCRIBERS ONLY​

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Volatility Cycle Indicator​

useThinkScript said:
The Volatility Cycle Indicator (VCi) watches the tension in the market cycle tighten and loosen.

It tells you when it’s about to snap, and provides hints to which way it’ll whip. VCi measures how stretched the cycle is by comparing standard deviation vs ATR.

VCi predicts price movement when it breaks through resistance on your higher timeframe...

Read more
https://usethinkscript.com/threads/volatility-cycle-indicator.21595/

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Adaptive ADX​

Sesqui said:
Knowing if the trend is strong enough to support your position is important. The ADX is popular for assessing that. As a result, I made the ADX adaptive using the EhlersAutocorrelationPeriodogram so there is no question as to whether the ADX is set to the right length.

Here is a screenshot. The adaptive ADX is simply displayed here in a label on the top left corner. It also compares the "DI+" to the "DI-" to determine trend direction and color codes the label Green if ADX > 25 and "DI+" > "DI-" or Red if ADX > 25 and "DI+" < "DI-". The script can easily be modified...

Read more
https://usethinkscript.com/threads/adaptive-adx-for-thinkorswim.21507/

FROM THE ARCHIVES​

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Auto Pivot Points Support & Resistance Indicator​

BenTen said:
If you're having trouble with drawing trend lines, support and resistance levels then this indicator can help. It's called Projection Pivots, developed by Mobius for ThinkorSwim.

Upon adding the indicator, it will plot several trend lines, support, and resistance channels based on critical pivot points of the stock.

Read more
https://usethinkscript.com/threads/...ort-resistance-indicator-for-thinkorswim.158/