2025 December 12th -- 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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Perfect SuperTrend​

cando13579 said:
The Perfect SuperTrend Line is an adaptive dual-line trend model designed to identify directional bias with high clarity and minimal noise.
It uses two dynamically adjusting levels:
A Slow Line – establishes the primary trend by tracking recent structural highs/lows.
A Fast Line – provides early momentum detection and helps confirm or weaken the current trend state.
A trend shift occurs only when price closes on the same side of both lines, helping reduce false reversals. Cyan indicates bullish conditions, while magenta/red indicates bearish conditions.
Read more
https://usethinkscript.com/threads/perfect-supertrend-for-thinkorswim.21868/

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Multiple-Day Anchored VWAP​

VP7 asked:
I'm trying to place a 5 day rolling AVWAP on my chart. The default VWAP from ToS, set to weekly, resets on Monday each week. I'd actually prefer VWAP to be anchored to the previous 5 days on a rolling basis.

Most AVWAP scripts have a static anchor point, either using a date (ex. 20230601) and time, or using the same time each day. Is it possible to modify the following script (or create a new one) to have a rolling AVWAP?
SleepyZ replied:
This does multiple continuous days without a reset on the last of these days.
Read more
https://usethinkscript.com/threads/multiple-day-anchored-vwap-for-thinkorswim.15732/

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VIP SUBSCRIBERS ONLY​

Volume/Volatility Density (VVD)​

rewardiaz said:
I continue to expand my volume-based S&R series.
My approach comes from a supply-and-demand mindset, I’m not as good as Merry at identifying trends (maybe one day!). This new study helps identify S&R by comparing volume density to ATR. In short: lots of effort with limited price progress → price absorption is likely. It’s similar to @merryDay’s VCI—same idea from different angles: she reads price; I read volume. Practically mirrors.
Cheers!
Read more
https://usethinkscript.com/threads/volume-volatility-density-vvd.21744/

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Optimize ThinkorSwim Application Settings​

antwerks shared:
Below is a practical guide of what you can do — both in the TOS app settings and on your computer/network — to get the fastest, smoothest performance possible.

1. Optimize ThinkorSwim Application Settings
You can access all of these under:
Setup → Application Settings → General / System / Memory / Display

System & Memory Settings...
Read more
https://usethinkscript.com/threads/optimize-thinkorswim-application-settings.21687/

FROM THE ARCHIVES​

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Price Earnings Gap (PEG) Indicator​

BenTen shared:

"PEG" stands for price earnings gap and also known as the holy grail setup. looking for a pullback from a previous gap and the stock is in a consolidation between the EMA10-30. The candlesticks are important here to confirm the move. The insync code helps to confirm the move. Arrows will still be plotted if insync value does NOT confirm the move, but gray color instead of red or green. Consider a half size position on a gray signal.

Read more
https://usethinkscript.com/threads/price-earnings-gap-peg-indicator-for-thinkorswim.21/