Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Market Structure Trend Matrix [BigBeluga]
chewie76 said:Market Structure Trend Matrix [BigBeluga] is a comprehensive technical analysis framework engineered for traders who demand precision in identifying market regimes and trend expansions. By integrating automated Market Structure (MS) detection with volatility-adjusted risk parameters, this indicator provides a systematic roadmap for navigating complex price action.
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https://usethinkscript.com/threads/market-structure-trend-matrix-bigbeluga-for-thinkorswim.22402/
Candlestick Tape Reader
atcsam said:Most traders look at candles and see shapes.
Operators look at candles and see intent.
The Candlestick Tape Reader is a compact, operatorâgrade engine that reads the last three bars the way a tape reader would:
Who showed intent
Who backed off
Who pressed
Who trapped
Who hesitated
Who absorbed
Who lost control
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https://usethinkscript.com/threads/candlestick-tape-reader-for-thinkorswim.22239/
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DCP/Momo Convergence Oscillator
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á said:This is a modified version of the LuxAlgo Momo Convergence Oscillator, which uses normalized momentum (RSI) together with trend strength (Linear Regression Slope). The MCO reveals the underlying conviction behind price moves. It helps filter noise and confirm high-probability setups through:
Convergence Alignment: Visual background highlights when trend and momentum move in sync.
Advanced Divergence Detection: Automated tracking of regular (reversal) and hidden (continuation) divergences with dynamic trend lines and labels.
Conviction Bar Coloring: Directional chart coloring that synchronizes with oscillator sentiment.
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https://usethinkscript.com/threads/dcp-momo-convergence-oscillator.22391/
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AGAIG Confirming Six Indicator Strategy
csricksdds shared:First, I want to give credit and kudoâs to Options Trader, who joined useThinkScript on March 21, 2020, for assembling âMy Simplified Scalping Setup For ThinkOrSwim.â I am intrigued by the six indicator labels this trader pulled together. I spent all day Friday modifying these to fit my trading âeyeâ (I am a visual trader).
A recent post by HopStanD said: âLooks interesting, but whatâs the strategy. Buy on close above the white line and sell on close below? And what is the significance of the yellow dots?â
I spent the day Friday considering how I might use this and so Iâm sharing my strategy (for what itâs worth). The labels (six indicators in visual form) intrigued me.
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https://usethinkscript.com/threads/agaig-confirming-six-indicator-strategy-for-thinkorswim.22392/
FROM THE ARCHIVES |
Volumatic Variable Index Dynamic Average [BigBeluga]
samer800 shared:Here is the last trend indicator you will ever need.
Most trend indicators fall into one of three groups.
Moving average trends like SMA, EMA, and VIDYA try to measure direction and persistence, but they always lag behind the action. Volatility trend tools like channels, bands, and supertrend only wake up when volatility expands or contracts.
Structure trend tools like zigzag, pivots, BOS or CHOCH, and classic higher high or lower low logic react fast, but they are noisy enough to shake your confidence.
This indicator shows danger the moment price stops behaving like a healthy trend by flattening the adaptive baseline when momentum weakens, by pulling the smoothed value closer to price when energy collapses...
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https://usethinkscript.com/threads/...amic-average-bigbeluga-for-thinkorswim.19824/
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