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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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ThinkOrSwim Position Sizer gets Complete Overhaul! [VIDEO]

New Features for the ThinkOrSwim Position Sizer

I recently finished up a complete redesign of my ThinkOrSwim Position Sizer, and I wanted to post a quick announcement and go over some of the new features. I’m pretty excited about what I’ve been able to do with it, and I really hope others will find it as useful as I do.

The original implementation was basically a candle high/low position sizer. It calculated entries 1 tick above the high and your stop was 1 tick below the low of the candle, and it would size your position based on that stop size. Additionally, it only worked on stocks. I had originally made it to help me quickly calculate price action entries and exits and get the right number of shares each time, and it did that well for me, but wasn’t very flexible for other traders’ needs.

The new indicator is completely different and vastly more powerful.

thinkorswim position sizer labels
ThinkOrSwim Position Sizer labels

New Features

  • Works on Stocks, ETFs, and now Futures too!
    • Automatically account for the minimum tick size and tick value of futures contracts
  • Choose a percent of your buying power to risk on each trade
  • Script automatically grabs your current account balance and calculates the right amount of shares/contracts to buy based on your predefined risk tolerance
    • Optionally specify a manual/theoretical account balance
    • Specify a buying power multiple (2x or 4x account balance, etc., or just leave at 1x to use no margin leverage)
  • NEW STOP TYPES!
    • Candle/bar price action stops and entries as before
    • New! ATR stops
      • Specify a custom ATR multiple to use for stops
      • Change every aspect of how the ATR is calculated if desired
    • New! Kase DevStops
      • Choose between 4 different DevStop standard deviation levels
  • New entry methods!
    • Choose trade direction, long or short
    • Specify to calculate entries from the close, open, high, or low
    • Add custom padding for slippage or breakout entries to both entries and stops
      • Example 1: enter 1 tick above the high of a candle, stop 1 tick below the low, etc., to simulate a stop-market entry and exit
      • Example 2: assume 1 tick slippage on entries and stops, regardless of entry type
  • New target methods!
    • Choose an automatic target based on a multiple of your risk (stop size).
      • Example: if your stop size is $2, you can specify a 1:2 risk/reward ratio, and it will automatically calculate your target price as $4 above your entry
    • Choose a manual target price for your trade and automatically get the risk/reward in both Risk Units (Rs) or in percentage terms
  • Optionally round the shares or contracts to the nearest 10, 100, or whatever other number you specify
  • Show/hide any labels or lines on the chart
  • Change label and line colors as desired
  • Question mark icon / Tooltip for each option explains every setting in detail

How to Get the Updated Version

A quick note: previous purchasers will OF COURSE get the updated version for free! I really appreciate your support, and the updated links will be waiting for you in the My Account area under My Orders, as with all updates I release. If you have any trouble getting the links, just contact me and I’ll make sure you get setup.

If you haven’t purchased the Think-Or-Swim Position Sizer yet but you think it will be of benefit to your trading, you can pick up your copy here:

$99.99 $59.99Add to cart

Screenshots

explanation of each label in the think or swim position sizer indicator
explanation of each label in the think or swim position sizer indicator

 

 

thinkorswim position sizer chart example 1
thinkorswim position sizer chart example 1

 

thinkorswim position sizer kase devstop atr stop volatility stop
think or swim position sizer with Kase DevStops, ATR stops, volatility stops

 

think-or-swim position sizer with ATR stops
think-or-swim position sizer with ATR stops

 

Thinkorswim position sizer chart example
Thinkorswim position sizer chart example

 

Thinkorswim position sizer chart example and label explanation
Thinkorswim position sizer chart example and label explanation

 

thinkorswim position sizer - options settings 1
thinkorswim position sizer – options & settings 1

 

thinkorswim position sizer - options settings 1
thinkorswim position sizer – options & settings 2

 

thinkorswim position sizer - options & settings 3
thinkorswim position sizer – options & settings 3

 

thinkorswim position sizer - options & settings 4
thinkorswim position sizer – options & settings 4

$99.99 $59.99Add to cart

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Higher Time Frame Moving Averages – Now Supports Hull, Wilders, Exponential, and Weighted MAs!

Multiple timeframe moving averages example

Updated Higher Time Frame Moving Averages

I just released an improvement update for the higher time frame moving averages chart study. Any customers who already bought it and use it will of course have free access to the update. The updated link to import the new indicator should already be in your order history under my account, but if you have any trouble getting it just contact me directly and I’ll make sure you get the updated version.

Traders who purchase it from now on will get the improved version which now supports any of the built-in moving averages in ThinkOrSwim, and additionally lets you choose your moving average’s price type (close, open, high, low, etc.).

As in the prior version, you can select the plot color and style, which higher timeframe you want to calculate the average from, how many periods to calculate the average from, etc. This version is just a bit higher quality and more flexible.

Here are some screen shots of the indicator and the updated settings menu:

Multiple timeframe moving averages example
Multiple timeframe moving averages example (click to enlarge)

 

Multiple timeframe moving averages for ThinkOrSwim: example and settings menu (click to enlarge)

$49.99 $39.99Add to cart