Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Regression Slope Oscillator [BigBeluga]
chewie76 said:This post includes both lower and upper chart.
The Regression Slope Oscillator is a trend–momentum tool that applies multiple linear regression slope calculations over different lookback ranges, then averages them into a single oscillator line. This design helps traders visualize when price is extending beyond typical regression behavior, as well as when momentum is shifting up or down.
Read more
https://usethinkscript.com/threads/regression-slope-oscillator-bigbeluga-for-thinkorswim.22145/
Parabolic SAR Structural Levels
Cwparker23 asked:This is not just another PSAR.
This is a custom‑rolled Parabolic SAR engine with two meaningful upgrades:
1. It exposes the last confirmed SAR levels as horizontal support/resistance, which classic PSAR does not do.
2. It gives you a stable midline between those levels, which is actually the most useful part for intraday structure.
Read more
https://usethinkscript.com/threads/parabolic-sar-structural-levels-for-thinkorswim.22110/
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Trend Engine With a Volume Radar Attached
antwerks said:Think of this indicator as a trend engine with a volume radar attached to it. The trend engine tells you what direction the market is already aligned in. The volume radar tells you when energy is building before price moves.
Together, they let you read:
Trend direction
Trend strength
Momentum acceleration
Early warnings of upcoming moves
Read more
https://usethinkscript.com/threads/trend-engine-with-a-volume-radar-attached.22065/
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AbsoluteStrength_v8
cando13579 shared:AbsoluteStrength_v8 is an advanced bull–bear pressure oscillator designed to measure directional dominance, momentum persistence, and exhaustion across multiple market regimes.
Unlike traditional oscillators that compress price into a single line, this study separately models bullish and bearish force, allowing traders to see who is in control rather than simply whether price is “overbought” or “oversold.”
The script integrates three mathematical engines (RSI-style, Stochastic-style, and DMI-style dominance), flexible multi-stage smoothing, and adaptive strength/weakness thresholds. This makes it suitable for trend continuation, pullback timing, reversals, and regime detection.
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https://usethinkscript.com/threads/absolutestrength_v8-for-thinkorswim.22141/
FROM THE ARCHIVES |
RSI IFT (Inverse Fisher Transform)
cos251 shared:This RSI IFT gives buy and sell signals (although the sell signals are a little late). This can be used stand alone or with other indicators to add additional confirmation in either direction.
This indicator applies a 9‑period EMA smoothing to a 5‑period RSI, then transforms it using the Inverse Fisher formula to produce a fast, clean, and bounded momentum signal. The result is an oscillator that flips sharply around zero, helping traders spot early trend shifts and momentum reversals. Includes optional RSI scaling, overbought/oversold bands, vertical entry markers, paintbar coloring tied to TTM Squeeze conditions, and optional audio alerts for zero‑line crosses.
Read more
https://usethinkscript.com/threads/rsi-ift-inverse-fisher-transform-for-thinkorswim.6817/
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