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New Trading Strategies for ThinkOrSwim Published

thinkorswim trading strategies

New ThinkOrSwim Trading Strategies Published

I’ve recently posted several strategy scripts to the website that identify quantifiable edges for my fellow traders. These ThinkOrSwim trading strategies can be traded standalone, or tweaked further and customized to fit an individual’s trading style. They can either be used to setup automated trading systems in other platforms, or traded manually within ThinkOrSwim and improved with price action trading principles. My most recent strategies are all listed under the strategies category on the site, and here’s a quick reference list:

Most of these strategies come straight out of Larry Connors and Cesar Alvarez’s book “Short Term Trading Strategies that Work,” and are specifically for trading the SPY, SPX, or ES futures. But these ThinkOrSwim trading strategies may also provide edges on other instruments, and you can test them on whatever symbols you like to trade, to see if they can be applied profitably there as well.

I hope these strategies are as intriguing to you as they were to me, and hopefully they will provide you a more quantifiable way to determine your edge in the market as well.

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Updates to the Position Sizer – new version 3.9 beta 1

  1. Added zigzag based pivot mode for stops and entries.
  2. Added x-period high/low mode for stops and entries.
  3. Added lookup table for futures margin requirements so instead of using a percentage of the total notional contract value, futures can now use actual hard-coded initial margin requirements. If the margins change in the future they can be easily updated in the code after line 478.
  4. Rearranged inputs to be more streamlined and quicker to manage and change.

New users can get the latest version here, and prior purchasers can download the latest update for free, as always, in the My Account > Orders > View order details page on the site (just reset your password to login if you’ve forgotten it).

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Tools for the Independent Trader + Digital Nomad

tools for traders

Traders tend to be independent, entrepreneurial people in my experience. If you’re like me, you might find these services to fit your needs:

Track Finances

Personal Capital – track your net worth, learn to manage your personal balance sheet and cash flow. I like it better than Intuit’s Mint.com.

Financial Freedom Calculator – find out how soon you can safely retire based on your current expenses and savings rate.

Intuit TurboTax – makes it easy to import trades from multiple brokers. Saves me a TON of time.

Increase Income / Invest

Tradervue.com – simply the best trade journal application, period. I’ve tried them all as far as I know. This one works with basically every brokerage’s data, and has all the features you need to analyze your trading systems and tweak them to perfection.

Goldmoney.com – fully allocated, segregated gold ownership and storage. Store your gold in a Brinks or Loomis vault in Switzerland or elsewhere. Spend your gold with a prepaid debit Mastercard. Store gold, silver, platinum, and palladium in private vaults all over the world at low yearly fees. Great apps and website. I believe it’s important to have at least a small percentage of your net worth tucked away in gold for a rainy day, and these guys are my choice for doing that.

Mene.com – investment grade 24k (.999 fine) gold and platinum jewelry and gifts. Full price transparency, which I love. Owned and co-founded by the folks at Goldmoney. I believe it’s important to have at least a small percentage of your net worth tucked away in gold for a rainy day, and these 2 companies are my choice for doing that.

RealVision – macro economic intelligence. So much better than CNN.

Worthy – 5% bonds backed by small business inventory.

FinBox.com – great platform for doing custom calculations on historical fundamental data. Has a spreadsheet plugin for Excel and Google Sheets allowing lots of customization options.

FinViz.com – nice screeners and other tools for building custom lists of stocks based on whatever fundamental criteria you like.

TradingView – secondary online charting platform. I use this for quick checks throughout the day of how the indices are performing, breadth, etc. I also have a version of my Relative Volume indicator for TradingView so I can analyze a chart quickly in my web browser.

Reduce Expenses

MintMobile – unlimited talk & text and 3GB 4G LTE data for $15/mo. for US customers. Bring your own phone or buy one of theirs. This is a no nonsense mobile phone company that gives you a bulk discount for prepaying longer terms. That’s how I think … buying in bulk to save … and I hate bait and switch scams, so I love this company’s up front prepaid pricing and simple interface. My wife and I both prepay our full year of service each year for $180, or $15/month, but you can try their promo for 1-3 months and see if you like it first. I’ve never hit the limit on data because I’m at my desk on WiFi so much, but they have bigger plans for people who need more data. Also works internationally outside the US.

Hold Down the Fort

Sync.com – End-to-end encrypted, zero-knowledge cloud storage provider based in Canada. Reasonable prices and easy to use.

Tresorit.com – End-to-end encrypted, zero-knowledge cloud storage provider based in Switzerland. Premium prices but sometimes you get what you pay for. And I like sticking with Swiss companies generally.

ProtonMail.com – End-to-end encrypted, zero-knowledge email provider based in Switzerland. I use this for my personal and business email. I used this to partially escape the Google / Gmail data machine awhile back.

ProtonVPN.com – Secure tunnel for your internet connection from the Swiss company ProtonMail. I use this for my computers and smart phones.

Privacy.com – Secure your online credit card transactions by masking them and gaining full control over spend limits and more.

A2Hosting – Fast WordPress hosting

NameSilo – No nonsense domain registrar with free WHOIS privacy and several other nice standard features.

Stay Fit and Keep Your Trading Psychology in Order

Planet Fitness – nice clean gyms with all the essentials and great prices.

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New Version of Pre Market High Low Range Indicator Released

Premarket Range Indicator for Thinkorswim - Aftermarket Only Mode

An all new overhaul of the Premarket / Aftermarket / Overnight (Extended Hours) high-low range indicator is available here.

The new release includes lots of new features:

  • Switch between after market, pre market, and combined overnight / extended hours.
  • Choose to turn on/off any of the new extension levels.
  • Choose to show shaded areas between any of the levels.
  • Use custom alerts for when prices cross any of the levels.

Find out more and purchase the download here:

https://easycators.com/thinkscript/pre-market-high-low-range-indicator-scan/