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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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Day Trading with Relative Trade Size and Equivolume – Daily Journal

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Day Trading with Price & Volume on $MU – 2018-04-25

Josiah recaps the entries on $MU for 2018-04-25 using his Price Volume Day Trading method.

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Day Trading with Equivolume Price & Volume Analysis

In this video Josiah introduces a simple method for day trading with Equivolume on highly liquid stocks like $MU. Specifically Josiah focuses on price and volume analysis on the 2 minute intraday timeframe. As far as tools and indicators, Josiah uses a basic 10 period Exponential Moving Average (EMA) as a trend indicator, along with the Z-Distance from VWAP indicator and Time Based Relative Shares Per Trade on Richard Arms’ Equivolume style charts. The combination of Equivolume and relative shares per trade adds an extra dimension of volume analysis and allows traders to see the relative commitment of large institutional traders at different times throughout the day.