Year: 2016

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How to Install Custom Quote Columns in ThinkOrSwim

install custom quote columns thinkorswim

How to Install Custom Quote Columns in ThinkOrSwim

This video shows how to install custom quote columns from ThinkScript code for use in sidebar watchlists, in MarketWatch Quotes screens, and StockHacker scanner results lists on the ThinkOrSwim platform. View the video here.

 

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Gap Trading Strategy: Mean Reversion Gaps in ThinkOrSwim

mean reversion gaps by adrian manz

Adrian Manz’s Gap Trading Strategy for ThinkOrSwim

This is a mean reversion gap trading strategy that is promoted by Dr. Adrian Manz of Trader Insight (see an example video by Manz here: https://www.youtube.com/watch?v=oudRj-Vcv0Q). A client of mine was interested in developing some tools to trade this strategy on ThinkOrSwim, and so I was able to work on this project and get several tools created to make it really easy. After looking into it more, I found the strategy to be pretty intriguing and very different from how I’ve traded gaps in the past, so I thought it might be worth my readers’ time to take a look at it. This is a complete set, which includes the strategy script itself, along with a custom scanner to find the gaps each day, and indicators and columns to help sort and evaluate the gaps.

What It Is

  1. Scanner: helps you find stocks that are gapping way outside their normal bounds, increasing the probability of an immediate mean reversion move that you can fade.
  2. Watchlist columns: these help you sort through and quickly analyze the best gap trading strategy candidates that are likely to have an immediate mean reversion.
  3. Indicator: helps you find past and current entries on the chart and study how individual stocks perform and respond to this kind of gap trading strategy.
  4. Strategy: Plots entries, exits, and (optionally) stops, on the chart (intraday charts only). The setups are based on the daily chart according to Adrian Manz’s rules, but the actual entries are done on whatever intraday timeframe you prefer to trade. The entry system is my own implementation of the gap trading strategy, which is to enter on the first intraday bar that is outside the standard deviation boundary and also outside of VWAP, and then it takes target once the price retreats back to VWAP. You can use this particular strategy if you like, or manage the trades on your own however you prefer. Adrian Manz uses a more price-action-based entry where he enters on a bar break in the direction of the fade, and takes targets based on support and resistance levels. However, S&R is very hard to code accurately, and I wanted to at least include one mechanical way of implementing the system, so the VWAP target makes sense on a mean reversion strategy like this. And this method seems to work well in my own tests.

Why You Want It

Trading is a game of probability and risk management. This strategy specifically addresses the probability issue, because there is always a reversion to the mean… statistically it’s just going to happen. This strategy helps you find the extreme conditions that are even more likely to result in an immediate mean reversion move.

How It Works

The scanner finds any stocks that meet the trading strategy’s criteria for being likely mean reversion candidates, and then the custom quote watchlist columns help you sort through them quickly and review the charts to see which ones you want to take a position on.

The indicator package helps you visually see previous setups that happened on your charts, as well as today’s signal, by plotting the unique standard deviation lines and signal arrows whenever an entry condition is triggered.

 


Original price was: $99.99.Current price is: $79.99.Add to cart

 

 

Adrian Manz's Gap Trading Strategy for ThinkOrSwim
Adrian Manz’s Gap Trading Strategy for ThinkOrSwim
Adrian Manz's Gap Trading Strategy for ThinkOrSwim
Adrian Manz’s Gap Trading Strategy for ThinkOrSwim

Original price was: $99.99.Current price is: $79.99.Add to cart

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Huge Database of FREE ThinkOrSwim Indicators and ThinkScript Downloads

Thinkorswim Downloads: free thinkorswim indicators chart studies scans and strategies

ThinkOrSwim Downloads Master List of FREE ThinkScripts!

Check out this HUGE list of free ThinkOrSwim downloads and thinkScripts! With most of the indicators and studies I program for my trading, I put a lot of time and energy into them in order to make sure they’re professional quality and offer a premium value — that they’re not just rehashing old chart studies that are already available, and have options that traders can use to customize them to their own trading. But there are also a lot of good free thinkScripts out there that do useful things too. And I do get asked about where to download free thinkorswim indicators from time to time, so in true Josiah fashion, I decided I wanted to deliver and go massively above and beyond in providing value, even for something that is completely FREE!

What This Is

This post contains a massive collection of free thinkorswim downloads that the authors have made available without charge on the web through the ThinkOrSwim sharing platform’s special sharing links feature. These thinkScript downloads are not my own, so I don’t warrant or offer any kind of support for them. And I’m not hosting them on my own site, I’m only linking to the downloads on TD Ameritrade’s servers where the authors posted them for free. But I wanted to provide a good one-stop resource for people looking for free thinkorswim resources, custom quote columns, scanners, chart studies, technical indicators, and strategies for the thinkorswim platform, and this list should definitely do that for you!

How to Install thinkScripts and ThinkOrSwim Downloads – First Things First

To install ThinkOrSwim downloads and indicators from these links, there are 2 options: either click the link and then the green button on the next page, OR simply copy the link, select “Setup” on the upper right of your ThinkOrSwim application, and select “Open shared item…” Then paste in the link and open it that way. Sometimes the first method doesn’t work depending on how you have your app installed, so sometimes the second method is the best way.

Download Custom Scans & Scanners for ThinkOrSwim

Download ThinkOrSwim Custom Indicators & Studies

Download Random ThinkOrSwim Studies and ThinkScript Indicators
Download Mobius’ ThinkScripts for ThinkOrSwim

Download Think Or Swim Quotes & ThinkScript Custom Columns for MarketWatch, StockHacker, and Sidebar Watchlists

ThinkOrSwim Downloads – Scripts for Stock, Options, Futures and Forex Trading Strategies

Download The Complete ThinkOrSwim SwimLessons ThinkScripts Archive

All of the past SwimLessons about ThinkScript have been archived for download, and here is the complete list courtesy of TOS Support. It’s an incredible wealth of thinkScripts that should keep you busy for awhile!

ThinkScript Watchlist Custom Quote Columns – Download Below
ThinkOrSwim Downloads of Chart Studies / Indicators / Alerts:
Download ThinkOrSwim Scans / Scanners & Stockhacker ThinkScripts

IMPORTANT: after you import any Scan, go to Scan tab and click on top right menu icon to select the saved query.  Then edit the filters and add any extra filters, and select watchlist of symbols with liquid options top left Scan In.  Now click on top right menu icon and Save Query to save your changes.

Hopefully you found some goodies buried in this huge list of Thinkorswim download resources.