ThinkOrSwim Scripts

My favorite thinkScript studies for ThinkOrSwim trading platform that I still use.

All ThinkOrSwim Windows Linux
Trend Analysis

Ichimoku_R2V11

A comprehensive Ichimoku Cloud study with Tenkan-sen/Kijun-sen cross signals, Chikou Span analysis, and Kumo cloud projections. Features arrow indicators for trend changes and analysis chart labels. Based on Nummy's Ichimoku Strength concept.

Momentum

MACD_Dotted_R3V4

Enhanced MACD with Dennis-style dots overlaid on the histogram. The histogram and dots are fully adjustable for period and signal settings. Includes configurable dot size and color for momentum visualization.

Paul Persons Setup

PPS_R2V13 Lower

A close approximation of Paul Persons' proprietary system. Runs in the lower tray using BlenderKing's 4-7 moving average to replicate Person's setup, and trialing buy/sell lines based on tradescripter's code. Identifies significant price levels with arrows, tracer lines, and color-coded price changes. Includes customizable alerts, today-only plotting, and adjustable extra days.

Volatility

Squeeze

Market Squeeze indicator combining Bollinger Bands and Keltner Channels. When the Bollinger Bands are inside the Keltner Bands, the bands turn white, indicating low volatility and tension building in the market. This is when an explosive breakout may occur.

Volume Analysis

Volume_R1V1

Standard volume display, color-coded with red and green to indicate the overall price change direction โ€” green for up, red for down.