pullback

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  • Short SPY Trading Strategy for ThinkOrSwim

    The Short S&P Strategy – from Connors & Alvarez “Short Term Trading Strategies that Work”

    Sale! $69.99 $49.99
    Short SPY Trading Strategy for ThinkOrSwim

    The Short S&P Strategy – from Connors & Alvarez “Short Term Trading Strategies that Work”

    $69.99 $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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  • pullback indicator watchlist column for thinkorswim

    ThinkOrSwim Pullback Indicator & Custom Quote Column

    Sale! $29.99 $19.99
    pullback indicator watchlist column for thinkorswim

    ThinkOrSwim Pullback Indicator & Custom Quote Column

    $29.99 $19.99

    The Pullback Indicator defines how much a stock has retraced off of its low or high (depending on if it's an up day or down day). The retracement is expressed in terms of a percent of the stock's total movement for the day. So if it opens at 9.75, reaches a high at 10, then a low at 9, before climbing back up to 9.50 to close, then the retracement off the low of $0.50 is 1/2 the daily range of $1, or a 50% pullback from the extreme of the move (a reading of .5 on the indicator). The reverse would be true if it were an up day: the retracement would be the percent of the daily range that it has pulled back from the high, which on an up day is considered the extreme of the move.

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