Download Premium ThinkOrSwim Indicators

Custom Indicators for Thinkorswim
Hi guys, Josiah here. This is my Think-or-Swim download page with all the ThinkScripts I’ve written for the Thinkorswim platform from Charles Schwab. My goal with this site is to have fun programming and to post some useful tools for other TOS traders. So here you will find downloads of indicators, chart studies, premium trading strategies, specialized StockHacker scans, and watchlist columns. Also check out my blog while you’re here, where I post helpful ThinkOrSwim tutorial videos and updates to my scripts. And shoot me an email if you’re interested in hiring me to do any custom Think-Script coding or if you have any questions. Thanks! -Josiah
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Relative Volume Indicator for ThinkOrSwim
Sale! Original price was: $249.99.$199.99Current price is: $199.99.Add to cartRelative Volume Indicator for ThinkOrSwim
Original price was: $249.99.$199.99Current price is: $199.99.For many of you subscribe to the classical trading philosophies of legendary traders like Jesse Livermore and Richard Wyckoff, there is probably no need for me to further emphasize the importance of volume here. Over the years I’ve read many, many trading books, and after reading many of these classical traders’ books, pamphlets, and articles, I realized my current toolset for analyzing volume was insufficient.
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Thinkorswim Relative Strength TMO Indicator, Scanner & Column – Divergences, Breakouts & More
$199.99Add to cartThinkorswim Relative Strength TMO Indicator, Scanner & Column – Divergences, Breakouts & More
$199.99The Thinkorswim Relative Strength Indicator set includes several different tools for evaluating relative strength and weakness between an individual charted symbol and an index, or between multiple sectors or indices.
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Anchored VWAP & Multiple Time Frame AVWAP Indicator for ThinkOrSwim
$99.99Add to cartAnchored VWAP & Multiple Time Frame AVWAP Indicator for ThinkOrSwim
$99.99This indicator set allows traders to mimic Brian Shannon from Alphatrends’ AVWAP Anchored VWAP tool. While Thinkorswim doesn’t allow point and click AVWAPs, this indicator will allow traders to input a date and time to anchor a VWAP to and plot accurate VWAPs from pivot highs and lows and important turning points on any time frame. You can add multiple copies to have as many Anchored VWAPs on your chart as you need.
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Auto Fibonacci Retracement and Extension Levels for Schwab’s ThinkOrSwim
Sale! Original price was: $149.99.$99.99Current price is: $99.99.Add to cartAuto Fibonacci Retracement and Extension Levels for Schwab’s ThinkOrSwim
Original price was: $149.99.$99.99Current price is: $99.99.The Auto Fibs indicator automatically plots Fibonacci retracement and extension levels on your chart based on any range you choose.
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Ichimoku Trading Signals for Thinkorswim – Includes Indicator with Alerts + Scans & Columns
$99.99Add to cartIchimoku Trading Signals for Thinkorswim – Includes Indicator with Alerts + Scans & Columns
$99.99Ichimoku Trading Signals for Thinkorswim is a set of tools for Thinkorswim that provides objective trading signals for both bullish and bearish entries using the Ichimoku trading system promoted at IchimokuTrader.com.
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Opening Range Breakout (ORB) Indicator + Scanner and Column for Thinkorswim
Sale! Original price was: $129.99.$99.99Current price is: $99.99.Add to cartOpening Range Breakout (ORB) Indicator + Scanner and Column for Thinkorswim
Original price was: $129.99.$99.99Current price is: $99.99.This new Thinkscript study automatically plots the Opening Range breakout levels, sometimes called the Initial Balance levels, on your chart each morning in ThinkOrSwim. This package lets you scan for and analyze opening range breakouts on any timeframe.
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Position Sizer for ThinkOrSwim
Sale! Original price was: $129.99.$109.99Current price is: $109.99.Add to cartPosition Sizer for ThinkOrSwim
Original price was: $129.99.$109.99Current price is: $109.99.The ThinkOrSwim Position Sizer is a VERY important ThinkScript I made that allows me to instantly know what my entry, stop, target, and position size should be in order to maintain an equal risk on every trade I take.
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Percent Change From Open Indicator, Scan & Column for ThinkOrSwim
Sale! Original price was: $99.99.$79.99Current price is: $79.99.Add to cartPercent Change From Open Indicator, Scan & Column for ThinkOrSwim
Original price was: $99.99.$79.99Current price is: $79.99.This package includes a percent change from open scan and a percent change from open column for ThinkOrSwim. It allows you to see how much volatility is happening currently instead of just overnight.
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Big Levels Indicator: Plot Higher Timeframe Open, High, Low, and Close OHLC Levels on Lower Timeframe Charts
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartBig Levels Indicator: Plot Higher Timeframe Open, High, Low, and Close OHLC Levels on Lower Timeframe Charts
Original price was: $99.99.$69.99Current price is: $69.99.The big levels indicator plots the open, high, low, close, VWAP, and/or midpoint for a specified timeframe (hour, day, week, month, quarter, year, etc.) on a lower timeframe chart. Say you’re trading on a 5 minute chart, and you want to be aware of important nearby price levels. You can add the OHLC levels for the prior day, prior week, prior month, etc. You can also add the levels for the current day, week, month, etc., or 3 days ago, or any other combinations you can think of. You can selectively turn off certain values you don’t want (the closing price for the current day, for instance). All in all, a very useful indicator for keeping track of important support and resistance levels!
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Weis Wave, Ord-Volume, Neoclassical Trend, and Pivot Breakout Indicator & Scanner for Thinkorswim
Sale! Original price was: $99.99.$89.99Current price is: $89.99.Add to cartWeis Wave, Ord-Volume, Neoclassical Trend, and Pivot Breakout Indicator & Scanner for Thinkorswim
Original price was: $99.99.$89.99Current price is: $89.99.This indicator combines features similar to L.A. Little’s work on objective trend identification and pivot breakout evaluation using volume, with the work of David Weis and the Weis Wave concept, plus the ideas of Timothy Ord and his Ord-Volume indicator, as well as other traders/authors such as Anna Coulling and of course Richard Wyckoff.
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Larry Connors High Probability ETF Trading – FULL PACK OF 7 STRATEGIES!
$329.98Add to cartLarry Connors High Probability ETF Trading – FULL PACK OF 7 STRATEGIES!
$329.98This set includes all 7 strategies presented by Larry Connors in his book with Cesar Alvarez called “High Probability ETF Trading“. Individually these are worth $69.99 each, but you can get the full set here for a discount and have more potential trades to take.
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Short Term Trading Strategies That Work – FULL PACK OF 7 STRATEGIES!
$329.99Add to cartShort Term Trading Strategies That Work – FULL PACK OF 7 STRATEGIES!
$329.99This set includes all 7 strategies presented by Larry Connors in his book with Cesar Alvarez called “Short Term Trading Strategies That Work“. You can get the full set here for a discount and have more potential trades to take, and keep your capital working harder for you.
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Pre-Market High Low Range Indicator & Breakout Scan for ThinkOrSwim
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartPre-Market High Low Range Indicator & Breakout Scan for ThinkOrSwim
Original price was: $99.99.$69.99Current price is: $69.99.The Pre-market High Low Range indicator for ThinkOrSwim does just what you would assume: it plots the premarket high and low as lines on your chart, both during the pre market hours and the regular trading hours of the day.
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Key Reversal Time (Vertical) Lines Indicator
Sale! Original price was: $99.99.$49.99Current price is: $49.99.Add to cartKey Reversal Time (Vertical) Lines Indicator
Original price was: $99.99.$49.99Current price is: $49.99.Many times we forget that there are multiple dimensions to the stock market — price, share volume, and tick/trade volume all play a role, but one dimension we often forget about is the dimension of time. In our stock charts, time is one of the two dimensions displayed … price is the vertical axis, and time is the horizontal axis. But we often seem to ignore it.
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Psychological Whole Number Levels Indicator for ThinkOrSwim
Sale! Original price was: $99.99.$79.99Current price is: $79.99.Add to cartPsychological Whole Number Levels Indicator for ThinkOrSwim
Original price was: $99.99.$79.99Current price is: $79.99.We’re traders, but we’re also human … and the human brain gravitates toward simplicity. That’s one of the reasons why in trading, there’s just something about whole numbers, round figures, fifties, hundreds, etc. — trend direction just always seems to change at or near levels like these more often than elsewhere.
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Z-Score Distance From VWAP
Sale! Original price was: $129.99.$99.99Current price is: $99.99.Add to cartZ-Score Distance From VWAP
Original price was: $129.99.$99.99Current price is: $99.99.The Z-Distance from VWAP is an indicator I’ve become very interested in with my own trading. The basic concept is that it’s an oscillator denominated in standard deviations from the VWAP mean.
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Thinkorswim Bid-Ask Spread Lines Indicator for Stocks, Futures and Forex
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartThinkorswim Bid-Ask Spread Lines Indicator for Stocks, Futures and Forex
Original price was: $99.99.$69.99Current price is: $69.99.The Thinkorswim Bid-Ask Spread indicator helps you avoid stocks that are too spready. It plots the bid, ask, and last price on any intraday time-based chart, and the last price is colored to show if it happened at the bid, ask, or in between. The column shows the current spread for all stocks in your list and warns you when the spread is too wide.
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Thinkorswim Earnings Tool – Next Earnings Date & Countdown Indicator
Sale! Original price was: $129.99.$89.99Current price is: $89.99.Add to cartThinkorswim Earnings Tool – Next Earnings Date & Countdown Indicator
Original price was: $129.99.$89.99Current price is: $89.99.The Thinkorswim Earnings Tool is a package of several Thinkscripts that help you trade around the quarterly corporate earnings release calendar. The set includes:
- Earnings Tool Early Warning chart indicator – Highlights the chart when you’re approaching the earnings date
- Earnings Countdown & Next Earnings Date & AM/PM time Labels
- Next Earnings Date & AM/PM Time Watchlist Columns
- Bars Till Next Earnings Date Watchlist Column
- Scan for stocks with No Earnings in the next X-number of days (10 by default)
- Scan for stocks WITH earnings in the next X-number of days (10 by default)
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Historical Dividend Yield & Earnings Yield for Thinkorswim
$99.99Add to cartHistorical Dividend Yield & Earnings Yield for Thinkorswim
$99.99Ever find a nice setup on a stock chart, but wish you had a quick way to know how fundamentally cheap or expensive it is without having to switch to a different screen or platform? Do you like the idea of having a confirming indicator based on fundamentals instead of just technical data? Then the historical dividend yield indicator may be for you.
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Multiple Time Frame Stochastics Indicator with Paintbars & Scanner for ThinkOrSwim
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartMultiple Time Frame Stochastics Indicator with Paintbars & Scanner for ThinkOrSwim
Original price was: $99.99.$69.99Current price is: $69.99.This is a set of Thinkscript add-ons for Think-Or-Swim that allow you trade multiple time frame stochastics setups with lower timeframe chart entries.
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Multiple Timeframe Bollinger Bands Indicator for Thinkorswim + Scan + Column
$99.99Add to cartMultiple Timeframe Bollinger Bands Indicator for Thinkorswim + Scan + Column
$99.99The Multiple Timeframe Bollinger Band indicator allows traders to look at Bollinger Band signals and take setups from any equal or higher timeframe without having to keep multiple charts open at one time.
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Multiple Timeframe MACD Indicator for ThinkOrSwim
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartMultiple Timeframe MACD Indicator for ThinkOrSwim
Original price was: $99.99.$69.99Current price is: $69.99.The Multiple Timeframe MACD indicator plots the MACD from a higher timeframe on a lower timeframe chart. So if you trade on a 5′ chart, you can reduce false signals by adding a 30 minute MACD below your chart and take your trade signals from that instead.
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Multiple Timeframe Moving Averages for ThinkOrSwim
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartMultiple Timeframe Moving Averages for ThinkOrSwim
Original price was: $99.99.$69.99Current price is: $69.99.No matter what chart my focus is on, my goal is to always trade in the direction of the higher timeframe trends. Basically to trade in harmony with the larger forces that are at play. To accomplish this, I use multiple timeframe moving averages.
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CCI Indicator – Multiple Time Frame
Sale! Original price was: $99.99.$79.99Current price is: $79.99.Add to cartCCI Indicator – Multiple Time Frame
Original price was: $99.99.$79.99Current price is: $79.99.The Multiple Timeframe CCI Indicator displays the commodity channel index from any higher time frame you choose. Having the higher timeframe CCI allows you to find and trade signals from larger charts that filter out the market noise and get you higher quality entries.
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Pre-market Gap Scanner for ThinkOrSwim
Sale! Original price was: $129.99.$99.99Current price is: $99.99.Add to cartPre-market Gap Scanner for ThinkOrSwim
Original price was: $129.99.$99.99Current price is: $99.99.This is a special set of pre-market gap scanners that allow you to find the highest-quality gapping stocks before the market opens. No need to subscribe and pay monthly fees to Trade-Ideas or other standalone scanners … now you can get high quality premarket gaps right in thinkorswim, without the monthly subscription fees!
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Low Float Stock Scan Lists for ThinkOrSwim
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartLow Float Stock Scan Lists for ThinkOrSwim
Original price was: $99.99.$69.99Current price is: $69.99.ThinkOrSwim doesn’t come with a low float stock scan built in. It doesn’t even have float shares as a quote column for traders to reference. The reason is a bit of a mystery, because a lot of other platforms provide the data, and a lot of TOS traders want to be able to trade low floats. Spike traders, spike faders, early morning gap traders, and many others, all need the ability to find low float runners. And it has always been next to impossible to quickly find these trade setups from within ThinkOrSwim, until now.
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Adrian Manz “Baltimore Chop” 2 Standard Deviation Mean Reversion Gaps Strategy for ThinkOrSwim – includes Scanner, Watchlist Columns, and Indicator!
Sale! Original price was: $99.99.$79.99Current price is: $79.99.Add to cartAdrian Manz “Baltimore Chop” 2 Standard Deviation Mean Reversion Gaps Strategy for ThinkOrSwim – includes Scanner, Watchlist Columns, and Indicator!
Original price was: $99.99.$79.99Current price is: $79.99.This is the “Baltimore Chop” mean reversion gaps strategy promoted by Dr. Adrian Manz of Trader Insight (see an example video by Manz here: https://www.youtube.com/watch?v=oudRj-Vcv0Q). A client of mine was interested in developing some tools to trade this strategy on ThinkOrSwim, and so I was able to work on this project and get several tools created to make it really easy. After looking into it more, I found the strategy to be pretty intriguing and very different from how I’ve traded gaps in the past, so I thought it might be worth my readers’ time to take a look at it. This is a complete set, which includes the strategy script itself, along with a custom scanner to find the gaps each day, and indicators and columns to help sort and evaluate the gaps.
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3 Day High Low – High Probability ETF Trading Strategy by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cart3 Day High Low – High Probability ETF Trading Strategy by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The 3 day high low trading strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book with Cesar Alvarez called “High Probability ETF Trading“.
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Bollinger Percent B – High Probability %b ETF Trading System by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartBollinger Percent B – High Probability %b ETF Trading System by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The Bollinger percent b / %b trading strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book “High Probability ETF Trading“.
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Cumulative RSI-2 Trading Strategy – Short Term Trading Strategies That Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartCumulative RSI-2 Trading Strategy – Short Term Trading Strategies That Work
Original price was: $69.99.$49.99Current price is: $49.99.The Cumulative RSI strategy comes straight out of Larry Connors’ & Cesar Alvarez’s book called “Short Term Trading Strategies that Work“. They state it strategy was 88% accurate on the SPY when tested from 1993 through the date of publication.
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Cumulative RSI-3 Trading Strategy – Short Term Trading Strategies That Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartCumulative RSI-3 Trading Strategy – Short Term Trading Strategies That Work
Original price was: $69.99.$49.99Current price is: $49.99.This strategy comes straight out of Larry Connors’ & Cesar Alvarez’s book called “Short Term Trading Strategies that Work“. I’ve really been enjoying programming and testing some of the ideas presented in their book — a lot of which seem to have some merit — so I wanted to go ahead and share some of the work I’ve been doing with my readers. On page 104 of their book, Connors and Alvarez state that this strategy was 79.49% accurate on the SPY when tested, earning 779.51 S&P points with an average holding period of under 5 trading days.
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DEMA Crossover Indicator, Scan, Strategy, Column & Alerts Bundle
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartDEMA Crossover Indicator, Scan, Strategy, Column & Alerts Bundle
Original price was: $99.99.$69.99Current price is: $69.99.ThinkOrSwim comes with a built-in single DEMA indicator, but it is very limited and doesn’t allow you to backtest different average lengths, scan for setups, show you entry signals, or alert you when it’s time to take a trade, etc. This bundle will do all of that and more, giving you the backtesting tools and customization options to build your own complete DEMA trading system.
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Double 7s Trading Strategy – Short Term Trading Strategies that Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartDouble 7s Trading Strategy – Short Term Trading Strategies that Work
Original price was: $69.99.$49.99Current price is: $49.99.Larry Connors and Cesar Alvarez promote the Double 7s strategy in their excellent book, “Short Term Trading Strategies that Work“. The basic idea is that, statistically, you only want to be buying the market on dips — you really don’t want to be buying breakouts.
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Multi-Day Up & Down Strategy – High Probability ETF System by Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartMulti-Day Up & Down Strategy – High Probability ETF System by Connors
Original price was: $69.99.$49.99Current price is: $49.99.The multi-day up & down trading strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book with Cesar Alvarez called “High Probability ETF Trading“.
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Pullback & Reclimb Indicator
Sale! Original price was: $99.99.$69.99Current price is: $69.99.Add to cartPullback & Reclimb Indicator
Original price was: $99.99.$69.99Current price is: $69.99.The Multiple Timeframe Pullback & Reclimb Indicator displays intraday, daily, weekly, monthly or yearly pullback (defined as the decline from the chosen period’s high as a percentage of the period’s total range) or reclimb (defined as the gain from the chosen period’s low as a percentage of the period’s total range).
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R3 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartR3 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The R3 Trading Strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book with Cesar Alvarez called “High Probability ETF Trading“.
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RSI 10-6 and 90-94 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartRSI 10-6 and 90-94 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The RSI 10-6 and 90-94 Trading Strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book with Cesar Alvarez called “High Probability ETF Trading“.
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RSI 25-75 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartRSI 25-75 Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The RSI 25 and 75 Trading Strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. Connors wrote about the strategy in his book with Cesar Alvarez called “High Probability ETF Trading“.
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The Short SPY Strategy – Short Term Trading Strategies that Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartThe Short SPY Strategy – Short Term Trading Strategies that Work
Original price was: $69.99.$49.99Current price is: $49.99.This strategy comes straight out of Larry Connors’ & Cesar Alvarez’s book called “Short Term Trading Strategies that Work” and it’s the one strategy that they present for shorting. I’ve really been enjoying programming and testing some of the ideas presented in their book — a lot of which seem to have some merit — so I wanted to go ahead and share some of the work I’ve been doing with my readers.
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The TRIN Strategy – Short Term Trading Strategies that Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartThe TRIN Strategy – Short Term Trading Strategies that Work
Original price was: $69.99.$49.99Current price is: $49.99.The TRIN is a very popular indicator but few people have taken the time to quantify whether or not it can provide a trader with edge. With that in mind, Connors and Alvarez tested and developed their TRIN strategy for the SPY.
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TPS Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartTPS Trading Strategy – High Probability ETF Trading Strategy by Larry Connors
Original price was: $69.99.$49.99Current price is: $49.99.The TPS Trading Strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. I’ve really enjoyed learning some of Larry Connors’ and Cesar Alvarez’s strategies in the past, and recently I had a request to implement some of his high probability ETF trading strategies for ThinkOrSwim.
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VIX RSI Trading Strategy – Short Term Trading Strategies that Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartVIX RSI Trading Strategy – Short Term Trading Strategies that Work
Original price was: $69.99.$49.99Current price is: $49.99.Larry Connors and Cesar Alvarez talk about taking advantage of the VIX as an indicator for trading the SPY in their excellent book, “Short Term Trading Strategies that Work“. The idea is that you want to trade the SPY or SPX long when the VIX gets extended and the market is pulling back.
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VIX Stretches Trading Strategy – Short Term Trading Strategies that Work
Sale! Original price was: $69.99.$49.99Current price is: $49.99.Add to cartVIX Stretches Trading Strategy – Short Term Trading Strategies that Work
Original price was: $69.99.$49.99Current price is: $49.99.Larry Connors and Cesar Alvarez talk about taking advantage of VIX stretches in their excellent book, “Short Term Trading Strategies that Work“, and from that discussion they develop the VIX Stretches strategy. The strategy is based on the idea that when the VIX gets stretched above its simple moving average by a certain amount, and it stays stretched for a certain number of days, the statistical likelihood of a market advance increases, giving edge to people buying the market.
The Authors’ Stats:
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