Wide Range Bar (WRB) Strategy, Scan & Indicator for ThinkOrSwim

I recently watched Alphonso Esposito’s class at TradeSmart University regarding the Wide Range Bar strategy. It’s simple and straight forward, and seems to give good signals to boot, so I decided to make it even easier for my fellow ThinkOrSwim users to trade this strategy.

Pre-market Gap Scanner for ThinkOrSwim

This is a special set of pre-market gap scanners that allow you to find the highest-quality gapping stocks before the market opens. No need to subscribe and pay monthly fees to Trade-Ideas or other standalone scanners … now you can get high quality premarket gaps right in thinkorswim, without the monthly subscription fees!

Relative Volume Indicator for ThinkOrSwim

For many of you subscribe to the classical trading philosophies of legendary traders like Jesse Livermore and Richard Wyckoff, there is probably no need for me to further emphasize the importance of volume here. Over the years I’ve read many, many trading books, and after reading many of these classical traders’ books, pamphlets, and articles, I realized my current toolset for analyzing volume was insufficient.

Z-Score Distance From VWAP

The Z-Distance from VWAP is an indicator I’ve become very interested in with my own trading. The basic concept is that it’s an oscillator denominated in standard deviations from the VWAP mean.

Position Sizer for ThinkOrSwim

The ThinkOrSwim Position Sizer is a VERY important ThinkScript I made that allows me to instantly know what my entry, stop, target, and position size should be in order to maintain an equal risk on every trade I take.

Auto Fibonacci Retracement and Extension Levels for TD Ameritrade ThinkOrSwim

The Auto Fibs indicator automatically plots Fibonacci retracement and extension levels on your chart based on any range you choose.

Opening Range Breakout (ORB) Indicator + Scanner and Column for Thinkorswim

This new Thinkscript study automatically plots the Opening Range breakout levels, sometimes called the Initial Balance levels, on your chart each morning in ThinkOrSwim. This package lets you scan for and analyze opening range breakouts on any timeframe.

Low Float Stock Scan Lists for ThinkOrSwim

ThinkOrSwim doesn’t come with a low float stock scan built in. It doesn’t even have float shares as a quote column for traders to reference. The reason is a bit of a mystery, because a lot of other platforms provide the data, and a lot of TOS traders want to be able to trade low floats. Spike traders, spike faders, early morning gap traders, and many others, all need the ability to find low float runners. And it has always been next to impossible to quickly find these trade setups from within ThinkOrSwim, until now.

Pre-Market High Low Range Indicator & Breakout Scan for ThinkOrSwim

The Pre-market High Low Range indicator for ThinkOrSwim does just what you would assume: it plots the premarket high and low as lines on your chart, both during the pre market hours and the regular trading hours of the day.