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New ThinkOrSwim Trading Strategies Published

thinkorswim trading strategies

New ThinkOrSwim Trading Strategies Published

I’ve recently posted several strategy scripts to the website that identify quantifiable edges for my fellow traders. These ThinkOrSwim trading strategies can be traded standalone, or tweaked further and customized to fit an individual’s trading style. They can either be used to setup automated trading systems in other platforms, or traded manually within ThinkOrSwim and improved with price action trading principles. My most recent strategies are all listed under the strategies category on the site, and here’s a quick reference list:

Most of these strategies come straight out of Larry Connors and Cesar Alvarez’s book “Short Term Trading Strategies that Work,” and are specifically for trading the SPY, SPX, or ES futures. But these ThinkOrSwim trading strategies may also provide edges on other instruments, and you can test them on whatever symbols you like to trade, to see if they can be applied profitably there as well.

I hope these strategies are as intriguing to you as they were to me, and hopefully they will provide you a more quantifiable way to determine your edge in the market as well.

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How to Install the Vertical Time Lines ThinkScript Indicator for ThinkOrSwim

To check out all my indicators, visit http://thinkorswim.net/product/key-reversal-time-vertical-lines-indicator/

The JR_Timelines indicator for ThinkOrSwim allows you to highlight specific times during the trading day that may be important, such as key reversal times, or lunch time when the big boys leave the scene and volume decreases, etc.

This script lets you add a vertical line, time level, time zone, or time line to your chart.

http://thinkorswim.net/product/key-reversal-time-vertical-lines-indicator/

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How to Draw Vertical Time Lines & Reminders Automatically in ThinkOrSwim

Download the indicator here: http://thinkorswim.net/product/key-reversal-time-vertical-lines-indicator/

This indicator allows you to place reminders at specific times during the trading day by automatically drawing a vertical time level or line at a specified time. It can also notify you of key reversal times that you’re watching, daily margin call times, opens and closes.

Have a specific strategy you only want to trade before 11:00 a.m.? Put a reminder in your chart to stop trading it after 11:00. In addition to custom times, each time can have a custom label attached, as well as custom line weight, style, and color.

Find out more here: http://thinkorswim.net/product/key-reversal-time-vertical-lines-indicator/

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How to Trade 52-Week Highs & Lows in ThinkOrSwim with the Yearly Reclimb % Indicator

 

Download here: https://thinkorswim.net/product/52-week-high-low-scan-watchlist-column-for-thinkorswim/

This is a custom quote column or watchlist column for ThinkOrSwim that shows the percentage that a stock in your list has reclimbed from the 52 week low toward the 52 week high. So if the yearly high is $100 and the yearly low is $0, and if the stock is currently trading at $60, then the yearly reclimb indicator would show 0.6 for 60% of the year’s range.

This ThinkOrSwim indicator helps you sort your watchlist by yearly low-to-high reclimb, and find either stocks that are about to break out over their 52-week highs, or bottom-pick value stocks that are trading at or near their 52-week lows.

Find out more and download this ThinkOrSwim indicator/watchlist column here:
https://thinkorswim.net/product/52-week-high-low-scan-watchlist-column-for-thinkorswim/