2025 October 3rd -- 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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Adaptive Universal Oscillator​

Sesqui said:
Here is another adaptive indicator but it uses a different approach.

The universal oscillator has essentially zero lag as an indicator however its implementation in TOS is not adaptive.

The indicator below changes the sensitivity to price moves using the volatility in much the same way as the TOS MovAvgAdaptive indicator. It becomes more sensitive when the price is moving smoothly and less sensitive when the price is volatile...

Read more
https://usethinkscript.com/threads/adaptive-universal-oscillator-for-thinkorswim.21588/

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Responsive, Non-Repainting Laguerre ZigZag​

whoDAT said:
I'm a big fan of ZigZag indicators. A general problem is they are repainters.

A notable exception is the QQE ZigZag, an indicator that I find very useful.

Laguerre filters are fast-acting methods to smooth inputs. John Eulers described a fast Laguerre method to smooth financial market data in his article entitled "Time Warp - Without Space Travel". Speed is good; speed with market data is fast money.

The below code uses a Eulers High-Low Laguerre Filter (EHLLF) to find uptrends and downtrends, creating a responsive, non-repainting ZigZag.

Read more
https://usethinkscript.com/threads/responsive-non-repainting-laguerre-zigzag-for-thinkorswim.20823/

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The Silent Portfolio Killer: Traders’ Guide to Value Traps​

MerryDay said:
The Value Traps trick you into thinking certain equities are low and attractive priced. The charts might look tempting, strategy / indicators appear near perfect. They may look ready to bounce back.

But if the business itself is broken, that bargain stock can sink even lower. The trap is thinking you’ve found a deal, when what you’ve actually found is trouble.

Value Traps:

Industry headwinds that may be permanent rather than cyclical
Competitive disadvantages that are structural, not temporary
Capital requirements that exceed cash generation ability
Time horizons for recovery that exceed swing trading timeframes.

Read more
https://usethinkscript.com/threads/the-silent-portfolio-killer-traders’-guide-to-value-traps.21574/

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Cumulative Tick Indicator​

BenTen said:
Someone recently mentioned that the $TICK index can be used for trend confirmation. I just came across this post in the Yahoo thinkScript group so I thought I would share it here as well.

Read more
https://usethinkscript.com/threads/cumulative-tick-indicator-for-thinkorswim.603/

FROM THE ARCHIVES​

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Phoenix Finder Trend Strength Indicator​

cos251 said:
Fresh version of the Phoenix Finder indicator for ThinkorSwim. Plots candles for 14 stocks based on Phoenix Strength. It can help track stocks in a specific sector and identify trends based on Phoenix Strength and overall conditions. Per request from @ace_wheelie.

Read more
https://usethinkscript.com/threads/phoenix-finder-trend-strength-indicator-for-thinkorswim.4924/