Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Gamma Pressure Map
chewie76 said:This indicator derives a real-time gamma exposure proxy from implied volatility and historical volatility, identifying whether options dealers are currently positioned in a long gamma or short gamma regime. It plots a dynamic pressure zone on the price chart that expands and contracts with volatility, giving you both a structural read on market behavior and actionable price levels.
https://usethinkscript.com/threads/gamma-pressure-map-for-thinkorswim.22472/
Exponential Envelopes
anand_bitra said:Exponential Envelopes Indicator is a pressure gauge.
If price is walking the upper band, buyers are in control.
If price is hugging the lower band, sellers are in control.
Like most band indicators, if price hits a band and stalls, treat it as a form of dynamic resistance or support. It’s not a reversal call. It's a heads‑up to look at your other indicators to determine whether the trend is weakening or just catching its breath.
https://usethinkscript.com/threads/exponential-envelopes-for-thinkorswim.22480/
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Antwerks Fear Breadth Execution Engine
antwerks said:The ANTWERKS Fear / Breadth / Execution Engine is a multi-factor market environment model designed to identify when market conditions are favorable, neutral, or hostile for directional trading. Rather than relying on a single indicator, the engine combines volatility, market breadth, momentum, participation, and execution signals into a unified score ranging from 0 to 140.
The objective is not to predict market direction but to measure the quality of the trading environment and help traders determine when to be aggressive, selective, defensive, or inactive.
The model evaluates five major market dimensions. First, it measures fear through the Daily VIX and VIX Rate of Change to determine whether volatility is expanding or contracting. Second, it evaluates market participation through NYSE Advance-Decline Breadth ($ADD), using live breadth intraday and trend-based breadth analysis on higher timeframes. Third, it analyzes momentum using RSI and MACD strength. Fourth, it measures execution quality using the B-Xtrender momentum framework. Finally, it estimates institutional accumulation and distribution pressure through a PNVI-style volume imbalance model. Each component contributes to a composite score representing the overall market environment.
The engine is designed to answer a question most indicators cannot: "Should I be pressing trades right now, reducing size, or staying defensive?"
Read more
https://usethinkscript.com/threads/antwerks-fear-breadth-execution-engine-for-thinkorswim.22473/
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AGAIG Stop and Reverse Indicator
csricksdds shared:This is a new non-repainting indicator. The labels S & R are meant to STOP a Trade at that point (if one is in place) and enter a REVERSE trade at that point. The stop label is for placing hard stops should you wish to do so? I made trend arrows for the first six candles after a turn in direction.
https://usethinkscript.com/threads/agaig-stop-and-reverse-indicator-for-thinkorswim.22476/
FROM THE ARCHIVES |
Nadaraya-Watson Envelope - Non Repaint
samer800 shared:At its core, this script gives you three things:
A smooth, non‑repainting estimate of price (KernelEst). Using Nadaraya–Watson regression (three flavors: Quadratic, Lux, Super), you’re getting a locally weighted, non‑parametric fair value curve instead of a simple moving average.
Adaptive volatility bands around that estimate (ATR‑based envelope). ATR is computed on the kernel‑smoothed high/low/close, then multiplied into near/far bands. So the envelope expands and contracts with regime volatility, not just raw price noise.
Stateful trend and signal logic (color lag + signal lag). Trend color changes only after sustained moves (ColorLag), and entry/exit signals only fire after sustained band interaction (SignalLag). That’s behavioral safety baked into the math.
Read more
https://usethinkscript.com/threads/...pe-non-repaint-sam4cok-for-thinkorswim.12647/
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