Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
MACD with Squeeze Bar
Aktion said:This is a MACD with engineered context around it — volatility structure, squeeze states, momentum polarity, and directional acceleration.
Instead of MACD firing blindly, the script now understands whether the market is:
pre‑compressing
in a standard squeezein an extreme volatility contraction
A massive upgrade in signal quality.
Read more
https://usethinkscript.com/threads/macd-with-squeeze-bar-for-thinkorswim.22216/
ORB-Mod
atcsam said:Update to the ORB MOD study I included with a shared chart over the weekend.
This version adds a small UI refinement for extended‑hours charts.
Specifically: the ORB label auto‑disables whenever ORB = N/A during extended hours.
I was watching/GC on the 2‑minute yesterday evening and the N/A % label was annoying enough that it deserved a fix.
This update keeps ORB fully functional on 15‑minute and lower charts across all instruments, while preventing overnight clutter on futures or when using extended hours.
Read more
https://usethinkscript.com/threads/orb-mod-for-thinkorswim.22172/
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Delta Gamma Pressure Engine
antwerks said:This indicator attempts to approximate how options dealers hedge positions and how those hedges influence price movement.
Dealers hedge delta exposure using the underlying stock or futures.
Those hedges create real buying and selling pressure, which often moves price.
The indicator models three core forces:
Market Delta – directional pressure
Gamma Pressure – acceleration of hedging
Dealer Hedging Behavior – how dealers respond
Read more
https://usethinkscript.com/threads/delta_gamma_pressure_engine.22259/
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Omni Flow Consensus (LUXALGO)
NormalTrader888 shared:The Omni-Flow Consensus [LuxAlgo] indicator is a high-performance momentum and liquidity oscillator designed to visualize the directional pressure behind price movements through volume-weighted aggression and adaptive smoothing.
It provides a comprehensive view of market regimes, identifying high-conviction capital injections while filtering out low-probability market noise.
Read more
https://usethinkscript.com/threads/omni-flow-consensus-luxalgo-for-thinkorswim.22245/
FROM THE ARCHIVES |
MTF Market Bias Dashboard
henry1224 shared:This indicator gives a stacked read on market bias across three timeframes so a trader can see, at a glance, whether buyers or sellers control the tape.
Market bias matters because it tells the trader which side has the advantage right now, and trading with that advantage keeps them out of chop, out of failed reversal attempts, and out of entries that unknowingly fight the dominant flow.
Bias keeps the trader aligned with the side that is already winning and removes the urge to fight the tape.
Read more
https://usethinkscript.com/threads/mtf-market-bias-dashboard-for-thinkorswim.4457/
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