2026 April 14th -- newsletter

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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! 👇



Neural Probability Channel [AlgoPoint]​

chewie76 said:
The Neural Probability Channel (NPC) is a next-generation volatility and trend analysis tool designed to overcome the limitations of traditional bands (like Bollinger Bands) and smoothing filters (like standard Moving Averages).
Unlike traditional indicators that rely on linear deviation or simple averages, the NPC utilizes a Rational Quadratic Kernel—a concept derived from machine learning regression models—to calculate a non-repainting, highly adaptive baseline (Fair Value). This allows the indicator to distinguish between market noise and genuine trend shifts with superior accuracy.
https://usethinkscript.com/threads/neural-probability-channel-algopoint-for-thinkorswim.22114/
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Laguerre-Smoothed, Integrated-Regression LASIR​

whoDAT said:
The LaSIR (Laguerre Smoothed Integrated Regression), is a sophisticated trend-following indicator. It moves away from simple price action and instead measures the accumulated energy (the "area") between two smoothed regression lines.
https://usethinkscript.com/threads/...rated-regression-lasir-for-thinkorswim.22322/
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VIP SUBSCRIBERS ONLY

Optimizing The ThinkOrSwim App​

merryDay said:
2026 saw me on the road, working out of various offices with huge differences in the type of machines available.
I learned first-hand why the general suggestions for optimizing ThinkOrSwim do not work for so many users.
In this thread, I am going to share what improvements worked best for various types of machines.

A couple of caveats!
If its not broke, don't fix it! Every improvement comes with a trade-off. Don't buy yourself problems if you have no problems in the first place.
This will only apply to the ToS desktop app running on desktops/laptops. Does not apply to microcomputers or mobile.
Read more
https://usethinkscript.com/threads/optimizing-the-thinkorswim-app.22276/
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5‑Factor Market Bias​

jonshank62 shared:
This indicator reads the market’s bias and tells you whether the current bar is neutral, bullish, or bearish
It converts five different pressures into a single weighted score, colors the line and the price bars based on that score, and prints a label that tells you the current state.
https://usethinkscript.com/threads/5‑factor-market-bias-for-thinkorswim.22267/
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FROM THE ARCHIVES

McGinley PercentB MACD Setup​

floydddd shared:This is PercentB, but instead of using a simple moving average as the centerline, it uses a McGinley Dynamic as the midline and compares price to both a Bollinger Band envelope (SD-based) and a Keltner envelope (ATR-based).The result:A smoother, adaptive midlineA more stable squeeze detectorA more meaningful Percent B scale (0 = lower band, 100 = upper band)Cleaner signals on low timeframes because the McGinley reduces whipsawMobius adds: math that magnifies the adaptive behavior:When price accelerates away from the midline → the midline speeds up dramaticallyWhen price slows → the midline becomes extremely smoothThis is why the indicator gives cleaner squeezes and better low‑TF signals.
Read more
https://usethinkscript.com/threads/mcginley-percentb-macd-setup-for-thinkorswim.12893/
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