Thankfully, thinkorswim allows users to create their own custom studies/indicators using their own programming language known as thinkscript. Ameritrade has really ramped up its trading platform Think or Swim (TOS) to better serve the active trader demographic. ST_VWAPMax_Intraday on TOS. Show/Hide: Choose to display or hide chart data, including extended hours activity, volume chart, price volume distribution chart, or previous close line. Sometimes the candlestick or OHLC’s color will be different from the volume bar’s color. ValueCharts for ThinkOrSwim is a powerful implementation of the original tool featured in Mark Helweg's book Dynamic Trading Indicators . Video Transcript: Hello, traders. thinkorswim is a desktop platform, which means the first step is to download the software and install it. The Relative Volume (RVOL) Daily script shows the relative volume of a stock compared to the last 30 days average volume. Thank You! Relative volume of +1.5 or more . It is intended to help traders evaluate stocks, futures, and forex instruments in terms of relative value instead of raw price. Min. How to Find It: Click the "script" icon next to it to call the Custom Quote Formula editor window. Colors: By default, bars with upward price movement are colored green, and bars with downward price movement are colored red. Advance Block Pattern data mining result. Finds profitable trades even in unstable markets when the actual trending direction is unclear. Designed with the trader in mind, thinkorswim delivers an intuitive trading interface that you Thinkorswim vs. StreetSmart Edge Overview TD Ameritrade has a very sophisticated platform called thinkorswim (TOS), while Schwab clients have access to a user-friendly program named StreetSmart Edge. thinkorswim Review. The Relative Volume (RVOL) Intraday script shows the current relative volume for a stock up the minute on an intraday basis compared to the last 5 days.Higher Intraday RVOL can indicate the stock is in play with other traders or institutions. You’ll see a chart on the left side and the active ladder on the right. How to use Thinkorswim. avg daily volume 500K . The Volume Profile indicator is volume based on price, and it allows traders to see the exact price levels where demand was highest and lowest. Thinkorswim Robot is 100% automated software that defines the best trend enter trade orders in the place of a human trader. These colors can be changed to suit your preference. Where to start for a beginner and how to set up TOS if you are a Day Trader. thinkorswim is an investment platform offered by the online brokerage TD Ameritrade.. Like other leading platforms, thinkorswim makes real-time level 2 (or level II) quotes available to help savvy investors make smarter choices based on price action – which in turn may signal where stocks are headed next. ThinkorSwim (TOS) is their advanced level standalone platform for serious traders. Second (2nd), “Common.” This is where you select the option for “Volume bars: Color as symbol ticks.” I like to have the volume bars appear the same colors … thinkorswim® Tools: Top 5 Questions New Traders Ask About the Trading Platform. Although not marketed as a day-trading program, short-term traders nevertheless will find a lot to like about it. Introduction To Level II Quotes. Fidelity Active Trader Pro PlatformsSM is available to customers trading 36 times or more in a rolling 12-month period. If you give me 7 days… I’ll make you a better trader. The sooner you start using Active Trader Pro® the sooner you can benefit from all the advances we’ve built into it. ... Market volatility, volume, and system availability may … source: thinkorswim. Pretty much like what we see in the active trader window in TOS but displaying total volume. The Thinkorswim Trading Robot 100% automatically enter and exit trades. The Thinkorswim Bid-Ask Spread indicator helps you avoid stocks that are too spready. In the “Studies” section, indicators are set that are superimposed on the chart and strategies are tested.The Thinkorswim program already has a huge number of indicators.We can use the built-in search and quickly find the right one, knowing its name. avg true range .50 . thinkorswim Video Screencast #5 Using the "Squeeze" in thinkorswim. As you can see from the giant cyan (blue-green) volume bar, there were an unusual amount of options traded on the March 17.50 calls in Delphi, which is much higher than the fuchsia (pink) theoretical line on the graph would predict. 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