2022 – Easycators Thinkorswim Downloads

Awhile back I had a trader email requesting I code this indicator for Thinkorswim. At the time I wasn’t able to get to it, and I’ve subsequently lost the email, so I thought I would put this out there in the universe in case he happens to run across it here, and in case anyone else can use it.

Easycators Volatility Normalized MACD-V implementation: http://tos.mx/1VziaCe

And here’s the research paper with the details:

“The output of the indicator is
the amount of momentum a security has,
that is in excess of its average volatility,
expressed as a percentage.
We are measuring directional strength,
“purified” from volatility fluctuations”
Alex Spiroglou

Traditional MACD vs. Volatility Normalized MACD-V for Thinkorswim

As usual I’ve been at work updating the scripts from time to time with new feature ideas, and one client recently mentioned that there weren’t any recent posts on the website, so I thought I’d better start being more diligent about letting people know when I release updates. I’ll try to do that going forward.

The latest update I wanted to mention is that I’ve added some unique capabilities to the AutoFibs ZigZag functionality that lets you draw the levels based on any of the 3 most recent swings (zigzags), but then also plot or project the levels from any of the 3 most recent swings that you want as well.

This is interesting for finding points of symmetry and price targets for take profit orders.

So you could, for instance, base the levels on the range of 3 swings ago, and then project forward from the current swing high, as in this example:

Thinkorswim Indicators - Automatic Fibonacci levels study - AutoFibs example — Thinkorswim Indicators – Automatic Fibonacci levels study – AutoFibs example

Here are the new settings to control the behavior:

Thinkorswim Indicators - Automatic Fibonacci levels study - AutoFibs settings 2 — Thinkorswim Indicators – Automatic Fibonacci levels study – AutoFibs settings

The functionality is similar to the built in 3-points Fibs Extensions tool that comes with TOS, only the indicator makes the process automatic for you.

Thinkorswim Indicators - Automatic Fibonacci levels study - AutoFibs drawing tool comparison — Thinkorswim Indicators – Automatic Fibonacci levels study – AutoFibs drawing tool comparison

Existing clients – please go to My Account / Orders and click the VIEW button to pull up your order details and download the latest version there. This is where you can get access to all future updates for free as usual.

Prospective clients – please click here to purchase and download the latest version of AutoFibs for Thinkorswim!