Scroll down to check out this week's must reads, carefully selected by uTS Moderators!
Dynamic Grid Indicator [BigBeluga]
chewie76 said:The Dynamic Grid Indicator is an advanced technical indicator created by BigBeluga to map volatility-based grid channels across price charts while simultaneously plotting a synchronized multi-level oscillator pane. Traditional envelope indicators often use static standard deviation bands that fail to adjust to shifting trend momentum or localized price congestion. In order to provide a solution to this problem, this indicator combines a Hull Moving Average (HMA) central baseline with Average True Range (ATR) multiplier steps, automatically fading channel lines and generating precise crossover signals when price interacts with structural grid borders.
The indicator aims to visualize volatility expansion, compression, and overextended momentum zones.
Read more:
https://usethinkscript.com/threads/dynamic-grid-indicator-bigbeluga-for-thinkorswim.22673/
AGAIG Same-Day SPY or QQQ Trader Labels
csricksdds said:This is a new custom Indicator for Trading the SPY or QQQ and the indicator stays in place during trading and after hours. This indicator works on both the SPY or QQQ without modification (just load it on each chart) and is built as an upper indicator with a ring once the volume gate activates. You can physically highlight it and move it to an lower chart and it will show (your pick once in place).
Read more:
https://usethinkscript.com/threads/agaig-same-day-spy-or-qqq-trader-labels-for-thinkorswim.22726/
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The VIP Heiken-Ashi Price Action Intent
useThinkScript said:Unlike standard Heiken Ashi setups that just paint green or red to follow lagging trends, Heiken Ashi for Price Action focuses on bar geometry and structural intent.
It evaluates candle wicks, body ratios, and smoothed candle size averages using an Ehlers DSP filter to eliminate noise. Instead of chasing late momentum, it identifies the underlying micro-structures you already look for manually.
Bullish/Bearish Drives & Expansions (Intentional directional moves)
Rejections & Classic Continuations (Aggressive rejection of key price levels)
Indecision, Consolidation, or Absorption (Where price directional momentum halts)
Read more
https://usethinkscript.com/threads/the-vip-heiken-ashi-intent-labels.22666/
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Volume-Weighted Price Displacement
cando13579 shared:Volume-Weighted Price Displacement v8 is a lower-pane oscillator that measures how far price has moved away from its recent volume-weighted average, adjusted for how volatile the instrument has been. In plain terms, it answers a simple but powerful question: "Is this move backed by real volume participation, or is it just noise?"
Most VWAP-based tools show you the raw distance between price and VWAP. That distance is meaningless on its own — being two dollars above VWAP means something very different on a twenty-dollar stock than on a five-hundred-dollar stock. This indicator solves that problem by dividing the displacement by recent price volatility. The result is a standardized score that can be compared across instruments, timeframes, and market conditions.
Read more:
https://usethinkscript.com/threads/volume-weighted-price-displacement-for-thinkorswim.22732/
FROM THE ARCHIVES |
Multi-Time Frame True Momentum Oscillator (MTF)
tomsk shared:A multi-timeframe (MTF) lower study by Mobius that measures underlying institutional momentum by evaluating price deltas (candle closes relative to past opens) on a higher timeframe (e.g., 15-minute TMO on a 1-minute or 5-minute chart).
Read more
https://usethinkscript.com/threads/...momentum-oscillator-mtf-for-thinkorswim.1128/
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