How to Install Indicators, Scans & Watchlist Columns in ThinkOrSwim
This video will show you exactly how to install indicators, scans, and custom watchlist quote columns in thinkorswim. There are actually 3-4 different ways to install thinkScript code, and this ThinkOrSwim tutorial walks you through 3 of them. The fourth way is to just click a “shared item” link and it will install automatically. I figured that one was easy enough to not need an explanation :-).
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 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!
http://tos.mx/991uyR – watchlist column BidAskSpread. NOTE: you cannot scan for tight Bid Ask spread, but you can create a scan and Save Query … then open the saved query as a watchlist and sort that watchlist by this custom Bid Ask spread column.
http://tos.mx/xqVPc9 – watchlist column Down 20% or more (Bear Territory). NOTE: add to watchlist of an index to see what percent of the stocks in an index are now in bear territory.
http://tos.mx/rYEown – watchlist column below 200 sma. HINT: apply below 50sma and below 200sma to watchlist of Public– >>S&P500 or other index and sort by that column to quickly see how many stocks in that index are currently above/below the 50 or 200 day moving average line watchlist column Bull.
http://tos.mx/lqD8d0 – watchlist column (meant to be used on Trade tab option chain – turns red when volume > OI at that strike). HINT: add OpenInt, Volume, and this custom column to your option chain to see how it works
http://tos.mx/xh6qx6 – alert price 10% or more lower than yesterday’s close. NOTE: automatic reset is already in this alert but you need to click on tiny padlock to unlock it, and How to Notify to make desired selection
http://tos.mx/EZHe9a – *updated* chart study earnings alert for your TOS chart (includes MMM in dollars, percent, and as a shaded rectangle on the chart). NOTE: use Edit Studies box to turn off vertical lines and arrows at past earnings dates.
http://tos.mx/yGUo11 – chart study (example of work around for being able to access Bid or Ask in a custom chart study)
http://tos.mx/hGGaN9 – chart study for monthly expiration Friday. NOTE: settlement symbols in a label + settlement vs. prior day close
http://tos.mx/kGquYz – chart study horizontal line between current price bar and price bubble on right side of the chart
http://tos.mx/ZbnRy4 – chart study Horizontal Line at current price. NOTE: default extends 60 bars into the past, Edit Study from 60 to 1 to only have it extend into the future.
http://tos.mx/GbX2JS – chart study Index Watch (4 indexes vs highs). NOTE: This study works on any stock or ETF symbol to show how much each index has dropped from its 52-week high.
http://tos.mx/y7xP1x – chart study Implied Volatility with horizontal line at 16. NOTE: sq. root of 252 = 16 therefore IV of 16 implies a 1% 1-day expected move
http://tos.mx/PHC0uy – *updated* chart study ImpVolatility for futures charts (includes IV percentile and IV percentile rank labels)
http://tos.mx/efI2EX – *updated* chart study IV percentile vs. IV percentile rank and “normal” IV
http://tos.mx/OXyWGT – chart study label Percent off High. HINT: Try this custom study on chart of $DJSH Shanghai Index and on chart on new 52-wk high today to see how it works on a symbol that is down and a symbol that hit new 52-week high today.
http://tos.mx/9GuAoP – Chart study label for MMM expressed in dollars and percent (but invisible if no MMM top of Trade tab).
http://tos.mx/OXyWGT – chart study label percent off 52-week high. NOTE: Try this custom study on chart of $DJSH Shanghai Index and on chart of a symbol hitting new 52-week high today to see how it works on a symbol that is down and a symbol that hit new 52-week high today.
http://tos.mx/QNfOwj – chart study LeBron James Index (switch symbols and shares to create your own custom index)
http://tos.mx/QBPsN0 – chart study LinearReg with Channel based on ATR (click for the thinkorswim downloads)
http://tos.mx/FTK84P – chart study Sector/IndGroup chart label example. NOTE: open ThinkScript code and read the instructions to add YOUR symbols.
http://tos.mx/vIRfvi – chart study Volume-by-Price. NOTE: change “Chart” to you desired time period to see net volume across the horizontal bars for your choice of time periods [instead of net total volume for entire chart].
http://tos.mx/iXm5Zm – example of how to add a horizontal line(s) to any chart study
http://tos.mx/uP6AfE – example of how to add a moving average line to any chart study
http://tos.mx/lZdFsj – *updated* NOTE: When in a grid you lose the far top right of chart Last trade, Day change, and Percent change label. Use this custom study to have that information on every chart in your grid. Chart study label Day Net and Percent Change with Day volume thinkorswim downloads
http://tos.mx/nKN9il – chart study line chart of quarterly EPS changes. HINT: try this study on a 5-year weekly chart.
http://tos.mx/3hrCFl -chart study futures cheat sheet labels. NOTE: this thinkscript chart study shows tick size, P/L for a 1 tick move, shares equivalent, and risk per contract (futures only).
http://tos.mx/mEVIqF – chart study futures and forex cheat sheet labels. NOTE: this chart study shows tick size, P/L for a 1 tick move, shares equivalent, and risk per contract (futures or forex)
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.
http://tos.mx/Ny8YRA – scan range bound with high IV percentile rank (Iron Condor candidates)
http://tos.mx/amcl7O – scan range bound with low IV percentile rank (Double Diagonal candidates)
http://tos.mx/04F555 – scan short put or short OTM put vertical think-script – stock near lower support (on stock above 200SMA with positive earnings).
http://tos.mx/V56YWM – scan Retail Buying. NOTE: change price Increasing to Decreasing to create Retail Selling scan.
http://tos.mx/IlokCg – *updated* scan Rising IV (in absence of earnings) – NEED to add either bullish or bearish filters if using to find potential breakouts
http://tos.mx/SKhesv – scan for stocks consolidating (ADX < 20) with Implied Volatility rising … aka potential breakout trades
Hopefully you found some goodies buried in this huge list of Thinkorswim download resources.
With the PreMarket Gap Scanners for ThinkOrSwim, you’ll be able to find and trade the best in-play stocks for the day before most traders even know what they are. Like to trade during the pre market hours? Easy. Want to trade in-play stocks in the first few minutes after the open? Check. Want to add gapping stocks to your watchlist to find continuation plays later in the afternoon. Done-and-done. This set of scans brings you the highest quality, highest volume, highest volatility stocks for the day before the market even opens.
What you get:
Custom-programmed premarket gap scanner that finds TRUE gaps. (This is defined as low of prior day > last premarket price, or high of prior day < last premarket price). The built in gap lists can’t do this! The built in lists only find small changes from the CLOSE of the prior day which don’t mean as much for gap trading!
Two (2) custom-programmed premarket gap scanners that automatically look for PRO gaps. These are gaps forming in the opposite direction from the previous day’s movement (i.e., a gap down coming from a previous green day, or a gap up coming from a previous red day).
Two (2) custom-programmed regular trading hours scanners that narrow the built in gap lists down to only the most high-quality gaps. This scanner takes the existing gap lists in ThinkOrSwim (that work only after the market has opened) and weeds out the garbage, narrowing the list down to only the best gaps that are likely to form great setups during the day.
Why you want it:
Avoid hours of analysis … get a custom list of quality gaps delivered to you every morning without any work!
Allows you to log in 15-20 minutes before the market opens, grab your watchlist, and then get back to important stuff like making your morning coffee!
Whether you trade with ThinkOrSwim or just use it for its free data, charting, and scanning capabilities, these add-on scanner scripts will make your life easier!
Buy it once and use if forever! I’m making my own scanners available to you without any subscriptions or memberships. This allows you to keep more of your monthly trading income for the things that matter in your life.
How to get it:
It’s simple! ThinkOrSwim has a great “sharing” feature that lets users send each other their custom layouts, scans, indicators, and so forth.
I’ll send you an email with special ThinkOrSwim sharing links that will automatically import the scans into your system.
$129.99Original price was: $129.99.$99.99Current price is: $99.99.Add to cart
About Josiah
Hi guys, I’m Josiah, and I’m a trader/programmer from the Nashville, TN area. I recently finished up both a bachelor’s and a master’s degree in Computer Information Systems at a local university and have been self-employed since then, trading and developing projects with Ruby on Rails on the side. Since I was already familiar with a certain amount of programming, and had an active interest in trading and investing, learning ThinkScript — the scripting language for the ThinkOrSwim platform — made a lot of sense, and helped me develop a platform configuration that really streamlined my trading workflow.
About the ThinkScripts
These basically came about because I got so frustrated with the limited built-in capabilities in TOS, and standalone subscription services that charge $99+/month. So I decided to learn ThinkScript so I could develop indicators and scans for myself. I still use most of these thinkscripts every day while trading.
$129.99Original price was: $129.99.$99.99Current price is: $99.99.Add to cart
Josiah is a stock & futures trader, ThinkScript programmer, Bitcoin maximalist, gold bug, real estate investor, and budding mountaineer. He's also rumored to be an in-shower opera singer. Josiah started Easycators in 2014 and lives with his family near Nashville, TN. xTwitter | YouTube
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