What's new New posts New profile posts. Market Sentiment. Log in Register. Search titles only. Search Advanced search…. Log in. For a better experience, please enable JavaScript in your browser before proceeding. Trend Exhaustion Indicator for ThinkorSwim. Thread starter BenTen Start date Jul 12, BenTen Administrative Staff. This indicator uses pure price action and volume to identify when a trend is near exhaustion.

It can be used as a warning sign for a potential reversal. When Bulls are Exhausted: Volume is decreasing while the price continues to increase. We suspect that the move up is being driven by retail traders.

When Bears are Exhausted: Price is going down while volume is also decreasing. Could be a sign of trend exhaustion. You can use this for intraday trading or on the higher timeframe to spot an exhausted trading trend. You can also use the ThinkorSwim's StockHacker to scan for bearish and bullish signals. AssignValueColor Color. CYAN ; bear.What's new New posts New profile posts.

Market Sentiment. Log in Register. Search titles only. Search Advanced search…. Log in. For a better experience, please enable JavaScript in your browser before proceeding. Thread starter BenTen Start date Sep 28, BenTen Administrative Staff.

A divergence happen when the price disagree with an indicator or an index. Or you can use the following indicator and only need to have one chart. Pick whichever works best for you. I put this indicator together so that I can quickly check for divergences all in one chart. SetPaintingStrategy paintingStrategy. Last edited: Jan 30, This is awesome BenTen Thank you!

Trend Exhaustion Indicator for ThinkorSwim

Just makes it easier to go back to it if needed. Thank you.

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Will do! Can you include the share link for the indicator? Charles New member VIP. I like this indicator, but was wondering if it would be useful to color the divergent bars a different color. For example, a divergent green bar would be colored a lighter shade of red and a divergent red bar a lighter shade of green. This would keep the divergent trend easy to see, but give a bit more information. Charles You would still have to identify the divergence on your own.

The coloring just suggest that there might be a divergence. See the examples I provided. SPY going up but the candles are red this suggest there might be a bearish divergence.

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You must log in or register to reply here. Divergence Lines based on RSI? Mar 25, Feb 26, Multi-Time-Frame Divergence Labels? Feb 24, Feb 23, What's new New posts New profile posts. Market Sentiment. Log in Register. Search titles only.

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thinkorswim indicators

Log in. For a better experience, please enable JavaScript in your browser before proceeding. Thread starter Paul Bunion Start date Sep 4, Paul Bunion New member. Here is a volume indicator that I like to use in everyday trading. Histogram ; SellVol. SetDefaultColor Color. Red ; SellVol. HideTitle ; SellVol. HideBubble ; SellVol. Histogram ; BuyVol. HideTitle ; BuyVol. HideBubble ; BuyVol. SetPaintingStrategy PaintingStrategy. SetLineWeight 3 ; Vol. DefineColor "Up", Color.

DefineColor "Down", Color. SetDefaultColor GetColor 8. Last edited by a moderator: Oct 26, Using stock charts and buy-sell indicators can bring a modicum of probability with which to make trading decisions. People and nature tend to be predictable, right?

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You dig deep and go off the grid. This statistical analysis tool is normally overlaid on a price chart. To find it and others in this articleclick the Charts tab in thinkorswim.

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See figure 1. The thought is that the price may likely fall back into that normal range, or else a new trend is being defined. Referring again to figure 1, the yellow line is the regression line.

Notice that the price reaches the top line, which is two standard deviations above the middle line, noted with the pink arrow. Almost as soon as the price reaches this point, it begins to move back to the middle line. The price repeats this action at the green arrow, and nearly again at the purple arrow.

The idea is that because price tends to regress back toward the center line, bullish and bearish potential trade opportunities may present themselves at extreme points of the channel. Because these two indicators are typically used together, the STC gives you the chance to see and learn the benefits of each study while looking at a single output.

The main idea is to combine the benefits of trend and cycle indicators, and minimize their drawbacks, such as lags or false signals. In trending markets, the STC is expected to move up if the market uptrend is accelerating. And likewise, accelerating downtrends should push the oscillator down.

During sideways markets, the STC attempts to identify potentially oversold conditions when it reverses after falling below Or possibly overbought conditions, when it turns down from above In short, many chartists use the STC in trending markets to try to determine if the trend is growing or is in a sideways market, and might indicate a breakout. See figure 2.

Combining two popular indicators—MACD and stochastics—to give you a single read on momentum.

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For illustrative purposes only. At the beginning of the chart, the price is not trending in any particular direction. But you see a pattern begin and the STC breaks below the oversold line, shown with the yellow arrow.Understanding volatility is an essential part of options trading and there are so many ways of describing it that it can feel overwhelming at times.

This post gives you some less common indicators to visualize volatility. ThinkOrSwim users will be able to copy and paste the code into a custom study. However, it can be helpful to have both combined on one indicator. Using two Historical Volatility plots allows an options trader to compare recent movement to longer term movement. For example, comparing 20 day HV to 60 day HV gives you an idea of how the market has moved in the past month relative to the past 3 months.

When the shorter term HV exceeds the longer term HV, we know the market is becoming more volatile. If the spread between and IV and HV is greater it means the options market has priced in more implied volatility relative to the recent market movement. The image below shows the indicator in action and the code follows.

For example, we can plot the difference between 10 day and 30 day HV. When the value is positive, it means the market has been more volatile over the past 10 days than the past When the value is negative, the market has been calmer than the previous 30 days. The slope of the indicator also helps you understand how quickly the relationship is changing. That observation was mentioned here in the Weekend Market commentary.

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When the markets begin to tumble lower, the media is always quick to mention that the VIX has risen. Since the market has a history of declining faster than it goes up, we know and expect implied volatility to increase when the market declines.

During a panic, the Implied Volatility of shorter dated options tends to increase faster and frequently more in percentage terms than the implied volatility of longer dated options. Another volatility index is VXVwhich is designed to measure the 3 month implied volatility rather than the 30 day.

Comparing the two gives us a tool to quantify whether or not the market is entering panic mode. The indicator is normally below a value of one and frequently below. When the market gets shaky, the value will increase and the rate of the increase can tell us something about the general panic in the market.

Extreme readings frequently correspond with a short term oversold extreme rather than an opportunity to get short. Another indicator that can be helpful for options traders is Z-Score. Z-Score gives you a way to quantify how far the market price is from the average in terms of standard deviations. A more comprehensive overview of Z-Score is available in this post.

Insane value here!!!!!!!!!!!!!!!! I feel bad getting all this for free!

thinkorswim indicators

Thanks LT. There are some powerful tools here. The divergence we saw recently was really well illustrated by a few of the indicators.


Glad to hear you like the indicators and I agree that visualizing helps us understand the market better.

The recent divergence in volatility on the move lower is a good example of that. Z-Score is helping me during my intraday trading.Hi, my name is Alexander. I have been working with Thinkorswim platform from TD Ameritrade for a long time.

And the farther I traded, the more ideas appeared in my head on how to make this process more efficient and more comfortable. On this site I will introduce you to custom thinkScript. These will be Thinkorswim scanners for stock selection, without which not a single day of my trading will pass. Thinkorswim filters will also be shown here, without them I also can not imagine my trade.

thinkorswim indicators

Since paired with Thinkorswim scanners they do most of my work. I wrote some of these Thinkorswim scripts myself, some I ordered for writing. I will also show Thinkorswim indicators here, I personally do not use them very often, but someone may need it. Now I am working on the design of my favorite and working trading strategies, they will also be presented on this site. My trading in most cases takes place intraday, so there are enough trading tools in the arsenal that you can also find here.

Good luck And yet, English is not my native language, and I use a translator to work with the site, so if there are errors, please be understanding. Skip to content.But there are also a lot of good free thinkScripts out there that do useful things too. But I wanted to provide a good one-stop resource for people looking for free thinkorswim resourcescustom quote columns, scanners, chart studies, technical indicators, and strategies for the thinkorswim platform, and this list should definitely do that for you!

Then edit the filters and add any extra filters, and select watchlist of symbols with liquid options top left Scan In.

ThinkOrSwim INDICATORS - How To Use Indicators To Trade Stocks (RSI, SMA, EMA etc.)

Now click on top right menu icon and Save Query to save your changes. Thanks for compiling this information. Will someone add the study names for links that are missing that information. Thank you. I found the custom scanner, below, that might get me to where I need to go, but it was scripted for Stockfetcher. Feel free to send me an email on the contact page and we can discuss doing this as a custom project if you like. Does something like that exist? It says an application is needed to open the link.

Is there any study that might show how this is done? Just wanted to clarify that I am looking to find a bullish stochastic scan using the Fast Stochastic. Thank you for your hard work in compiling this fantastic archive of ToS Scripts. This is absolutely awesome. I like trading those but have to map them out manually on different time frames. Thank you for your generous work. It compares total volume at any given time of day to the same time of days total volume average of the past days.

At the final result should be a percentage that shows todays volume as a percentage of the day moving average. Would you be able to help? Do you have a scanner that shows which stocks are in the process of crossing over the vwap either from lower price to higher, or vice versa in the 5 minute chart?

Luckily, there are links and databases of scanner that people have made and share. Minimum computer knowledge is needed. Here is a comprehensive list of scanners and scripts.

He has some custom scripts for sell, but he also links to dozens of free scripts that others wrote. Deborah Fine. Josiah Redding. Todd R Gray. Thanks, Todd. Do you know who made it or uses it?

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