2026 June 5th -- 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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Market Session Bias​

antwerks said:
This script is designed to model intraday market behavior through the lens of session-based liquidity, manipulation, and continuation. Instead of treating every candle or breakout equally, the indicator organizes the trading day into three major institutional sessions — Asia (Tokyo), London, and New York — and tracks how price behaves relative to each session’s highs and lows. The goal is to help identify whether the market is accumulating, manipulating liquidity, expanding directionally, or trapping traders before a larger move.
https://usethinkscript.com/threads/market-session-bias-for-thinkorswim.22443/

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AGAIG MTF Heikin Ashi Trend Labels​

csricksdds said:
This indicator uses Heikin Ashi candle math to identify trend direction and strength on any symbol — including indices like SPX where many indicators fall short.
https://usethinkscript.com/threads/agaig-mtf-heikin-ashi-trend-labels-for-thinkorswim.22440/

VIP SUBSCRIBERS ONLY​

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MTF Comprehensive Hybrid Trading Engine​

antwerks said:
Combining a few things plus color sequencing of HA candles but using Candle trend candles
This indicator is a comprehensive hybrid trading engine designed to help traders understand market state, structure, and timing within a single chart. Unlike simple moving average or trend indicators, it combines multiple analytical "engines", each serving a distinct purpose, to filter trades intelligently and manage timing more like a professional execution model.
Read more
https://usethinkscript.com/threads/mtf-comprehensive-hybrid-trading-engine.22405/

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Volume Confirmed Trend Dashboard​

antwerks shared:
The Volume Confirmed Trend Dashboard, based on Buff Pelz Dormeier's August 2024 TASC article, implements a trend-following system that validates price moves using three volume-aware metrics: ADX, TTI, and VPCI. It isolates high-conviction trades by ensuring strong trends, bullish momentum, and institutional accumulation align.
https://usethinkscript.com/threads/volume-confirmed-trend-dashboard-for-thinkorswim.22438/

FROM THE ARCHIVES​

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Intraday Intensity Index​

BenTen shared:
INTSUM = Intraday Pressure.
It’s:
▸ Volume‑weighted
▸ Directionally biased
▸ Summed over a window
▸ Slow, stable, non‑flipping
In other words: the perfect don’t panic indicator.

How to use it:
When you’re long in an uptrend and price pulls back:
Positive pressure → the pullback is likely drift, not reversalNegative pressure → the pullback is likely real, not noise
This is a simple, binary state tool that answers the only question that matters during a pullback:
Should I stay, or should I go?
Positive pressure → buyers still control the tapeNegative pressure → sellers still control the tape
Read more
https://usethinkscript.com/threads/intraday-intensity-index-for-thinkorswim.1776/