2026 July 14th -- 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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Nadaraya-Watson Regression Liquidity Sweeps​

chewie76 said:
The Nadaraya-Watson Regression Liquidity Sweeps indicator is a good trend trading indicator. It also shows horizontal levels from previous highs or lows.
This is an upper chart conversion.
The original code and full description can be found here. https://www.tradingview.com/script/IdfeKkUv-Nadaraya-Watson-Regression-Liquidity-Sweeps-AlgoAlpha/
The picture is a 1 minute chart of SPX.
https://usethinkscript.com/threads/...ssion-liquidity-sweeps-for-thinkorswim.22479/

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RSI Exponential Smoothing (Expo)​

samer800 said:
Background information
The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA.
What if these indicators give similar results? To find out, we wanted to study the relationship between RSI and EMA. We focused on a hypothesis: when the RSI goes above 50, it might be similar to the price crossing above a certain length of EMA. Similarly, when the RSI goes below 50, it might be similar to the price crossing below a certain length of EMA.
Our goal was simple: to figure out if there is any connection between RSI and EMA.
Conclusion: Yes, it seems that there is a correlation between RSI and EMA, and this indicator clearly displays that relationship.
https://usethinkscript.com/threads/rsi-exponential-smoothing-expo-for-thinkorswim.15411/

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VIP SUBSCRIBERS ONLY​

DCPv2/Ehlers Ultimate Channel​

ᚱ ᛁ ᚢ ᛅ ᚱ ᛏ ᛁ ᛅ ᛋ said:

These indicators provide a clean read on when the market is stretching, compressing, or loading a move before it happens.
Use Ultimate Channel for true range pressure mapped into cycle‑smoothed channels. It shows when volatility itself is expanding or cooling, giving a direct read on market energy.
Watching @chewie76 kill it these past few days made me turn my attention toward price deviation logic.
Using Ehlers’ Ultimate Channel, I adapted Chewie’s envelope logic and came up with an almost zero-lag channel. As with all my indicators, the DCP dictates the lag, no more, no less.
Hope you like it. As always
Read more
https://usethinkscript.com/threads/dcpv2-ehlers-ultimate-channel.22536/

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AGAIG The Traders Edge Labels​

csricksdds shared:
A Professional Trading Dashboard for ThinkorSwim. Developed for scalping, swing trading, and options plays across all timeframes.
The Traders Edge is a two-study ThinkorSwim dashboard combining eight professional-grade indicators into a single unified signal system. Rather than cluttering your chart with multiple separate indicators, The Traders Edge consolidates everything into a clean label bar that tells you exactly what the market is doing, how strong the move is, and when to pull the trigger — all at a glance.
The system works on any timeframe from 1-minute scalping to daily options position trading and automatically adapts its stop distance and signal sensitivity to current market volatility.
https://usethinkscript.com/threads/agaig-the-traders-edge-labels-for-thinkorswim.22468/

FROM THE ARCHIVES​

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Larry Williams "Pro-Go" Indicator​

BenTen shared:
Here’s why Pro‑Go matters:
» When hedge funds / institutions pressure dominates→ traditional indicators behave as expected.» With retail pressure→ volatility rises, but with intent.
Knowing who’s in control tells you whether:
✦ to trust the traditional indicators written to detect institutional movement.OR
✦ switch to pure price‑action management because retail is driving the move.Pro‑Go doesn’t tell you what price did — it tells you who did it, and that’s the edge.
Read more
https://usethinkscript.com/threads/larry-williams-pro-go-indicator-for-thinkorswim.4377/