thinkorswim chart studies

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  • relative volume indicator for thinkorswim

    Relative Volume & Trades Indicators for ThinkOrSwim

    $99.99
    relative volume indicator for thinkorswim

    Relative Volume & Trades Indicators for ThinkOrSwim

    $99.99

    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.

    Most trading websites tell you to watch for volume surges, and there are many ways of determining when a surge is happening. Some relative volume indicators simply check to see when volume is above its moving average. But these measures are highly inaccurate, especially at certain times of the day. Volume is always going to be higher at the open and the close, and these extremes skew the moving average for the rest of the day, making it basically useless.

    What I really needed was a way to see what the average volume was for a given bar at a specific time of day, and then to compare the current volume to that bar’s average to see if there was anything unusual going on. So I set about trying to develop ways of automating my volume analysis as much as possible, and making it abundantly obvious whenever there was a trading anomaly in the works. And that journey led to this set of ThinkScript studies for ThinkOrSwim, which provide an easy, visual way for stock traders to quickly determine if a tradable event is occurring.

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  • position size calculator study for thinkorswim

    ThinkOrSwim Position Sizer

    $99.99
    position size calculator study for thinkorswim

    ThinkOrSwim Position Sizer

    $99.99

    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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  • Weis Wave and Ord-Volume Indicator for ThinkOrSwim

    Weis Wave, Ord-Volume, and Neoclassical Trend Swing Indicator

    $99.99
    Weis Wave and Ord-Volume Indicator for ThinkOrSwim

    Weis Wave, Ord-Volume, and Neoclassical Trend Swing Indicator

    $99.99

    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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  • multiple time frame stochastics indicator for thinkorswim box

    Multiple Time Frame Stochastics Indicator with Paintbars & Scanner for ThinkOrSwim

    Sale! $99.99 $69.99
    multiple time frame stochastics indicator for thinkorswim box

    Multiple Time Frame Stochastics Indicator with Paintbars & Scanner for ThinkOrSwim

    $99.99 $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 vwap

    VWAP Multi Time Frame Indicator for ThinkOrSwim

    $49.99

    VWAP Multi Time Frame Indicator for ThinkOrSwim

    $49.99

    I love volume. To me, volume is the market. So it makes sense for trades to be highly informed by what’s happening with volume, and it helps to know things like what price the most shares have been traded at for the day, or what price over the past hour is considered “fair value”. When I started looking at moving average systems and so forth, I naturally gravitated toward volume weighted average price because it just made sense. And when you start to understand how professional traders at large hedge funds and such are incentivized to trade relative to VWAP, it really becomes a no brainer. Volume weighted average price, or VWAP for short, is probably the first indicator I would want on my chart next to volume itself.

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  • cumulative tick indicator for thinkorswim

    Cumulative TICK Indicator Set for ThinkOrSwim

    $49.99
    cumulative tick indicator for thinkorswim

    Cumulative TICK Indicator Set for ThinkOrSwim

    $49.99

    If you ever read Brett Steenbarger’s popular trading blog Traderfeed, you probably know he uses a special indicator called the cumulative NYSE TICK, and another indicator he calls the cumulative adjusted NYSE TICK, to inform his trading decisions.

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  • multiple timeframe simple moving averages for thinkorswim

    Multiple Timeframe Moving Averages for ThinkOrSwim

    $49.99
    multiple timeframe simple moving averages for thinkorswim

    Multiple Timeframe Moving Averages for ThinkOrSwim

    $49.99

    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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  • premarket high low range indicator study for thinkorswim

    Plot the Pre-Market High and Low Range on Your Charts Automatically

    $49.99
    premarket high low range indicator study for thinkorswim

    Plot the Pre-Market High and Low Range on Your Charts Automatically

    $49.99

    The Premarket High/Low Range indicator for ThinkOrSwim does just what you would assume: it plots the pre-market high and low as lines on your chart, both during the pre market hours and the regular trading hours of the day.

    You can specify if you want it to show the premarket range for today only, or all days visible on the chart. You can also easily change the line weight, style, pattern, and color. The indicator is made for use with intraday charts only, and you must have “show extended hours” option checked on the chart you want to use it on.

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  • open high low close indicator for thinkorswim

    Plot Higher Timeframe Open, High, Low, and Close Levels (OHLC) on Lower Timeframe Charts

    $49.99
    open high low close indicator for thinkorswim

    Plot Higher Timeframe Open, High, Low, and Close Levels (OHLC) on Lower Timeframe Charts

    $49.99

    This indicator plots the open, high, low, and/or close for a specified timeframe (hour, day, week, month, 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). The indicator automatically takes premarket data into consideration if you have it displayed on the chart, or ignores it if it is turned off and just uses the regular hours OHLC values instead. All in all, a very useful indicator for keeping track of important support and resistance levels!

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  • opening range initial balance indicator for thinkorswim

    Initial Balance & Opening Range Breakout (ORB) Levels Indicator for ThinkOrSwim

    $39.99
    opening range initial balance indicator for thinkorswim

    Initial Balance & Opening Range Breakout (ORB) Levels Indicator for ThinkOrSwim

    $39.99

    This new Thinkscript study automatically plots the Opening Range levels, sometimes called the Initial Balance, on your chart each morning in ThinkOrSwim. The Initial Balance levels are usually considered to be the first hour’s high and low, and by default that’s what this indicator comes set with. However, you can optionally change the Opening Range start and end times and shorten the Opening Range to 30 minutes, 15 minutes, 10 minutes, 5 minutes, etc.

    This indicator will also optionally plot the midpoint between the Opening Range high and the Opening Range low. You can set it to show only today’s levels, or levels for every day you have loaded on your chart. The thinkscript will optionally allow you to plot a cloud between the high and low to highlight the range on the chart more clearly, and all the plot colors including the cloud can be customized to whatever you want them to be.

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  • Whole number levels indicator for thinkorswim

    Psychological Whole Number Levels Indicator for ThinkOrSwim

    $39.99
    Whole number levels indicator for thinkorswim

    Psychological Whole Number Levels Indicator for ThinkOrSwim

    $39.99

    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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  • reversal time lines indicator for thinkorswim

    Key Reversal Time (Vertical) Lines Indicator

    Sale! $49.99 $39.99
    reversal time lines indicator for thinkorswim

    Key Reversal Time (Vertical) Lines Indicator

    $49.99 $39.99

    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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Showing all 12 results