Premarket Gap Scanner for ThinkOrSwim:
This video shows how to customize the volume, average volume, price ranges, and average true range / ATR parameters for my Pre-market Gap Scanner package for ThinkOrSwim.
Every trader is different, and we each focus on different types of stocks. Maybe you like playing opening drive momentum trades on low-float stocks early in the morning. Maybe you’re looking to play the first pullback on a trend day. Or maybe you’re looking for 1-2-3 patterns on 2 and 5 minute charts.
All of these plays might require different volume, average daily volume, and average true range requirements when you’re scanning for gaps in the pre-market. So this video will walk you through how to change and customize those settings in ThinkOrSwim, without having to do any coding in Thinkscript.
Find out more and purchase the scanner at this link:
ThinkOrSwim’s built-in scans don’t allow you to scan for gaps in the pre-market, they only work after the open. Because of this, most traders are forced to pay huge monthly fees for premium scanners like Trade-Ideas or Pristine’s ESP scanner. So I developed these custom scans using TOS ThinkScript to help find the best stocks forming gaps in the premarket, using the free market data and scanning tools in the ThinkOrSwim platform.
Just a quick note here to let all the low float and gap traders out there know that I just updated the low float lists again as of this evening. I realized it was about time to release an update so I went ahead and put the elbow grease in :-). Moving forward, I have added a reminder to my work calendar to go in and update the lists every 2 months.
For those of you who have already purchased the low float stock scan, the new list installation links should be in your order detail page in your My Account > Orders area when you login to your account.
For anyone who’s interested in trading low floats in ThinkOrSwim but hasn’t figured out how to yet, here’s the main low float watch list page where you can learn more about our workaround.
Thanks for being awesome, and enjoy the rest of the week!