Tag: thinkscripts

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Huge Database of FREE ThinkOrSwim Indicators and ThinkScript Downloads

Thinkorswim Downloads: free thinkorswim indicators chart studies scans and strategies

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 Custom Scans & Scanners for ThinkOrSwim

Download ThinkOrSwim Custom Indicators & Studies

Download Random ThinkOrSwim Studies and ThinkScript Indicators
Download Mobius’ ThinkScripts for ThinkOrSwim

Download Think Or Swim Quotes & ThinkScript Custom Columns for MarketWatch, StockHacker, and Sidebar Watchlists

ThinkOrSwim Downloads – Scripts for Stock, Options, Futures and Forex Trading Strategies

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!

ThinkScript Watchlist Custom Quote Columns – Download Below
ThinkOrSwim Downloads of Chart Studies / Indicators / Alerts:
Download ThinkOrSwim Scans / Scanners & Stockhacker ThinkScripts

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.

Hopefully you found some goodies buried in this huge list of Thinkorswim download resources.

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Trade 52-Week Highs and Lows with the Yearly Reclimb Indicator

52 week highs and lows yearly reclimb

Yearly Reclimb Indicator for ThinkOrSwim

This yearly reclimb indicator provides a sortable watchlist column that you can use to find stocks trading at or near their yearly or 52-week highs and lows.

This is a custom quote column or watchlist column for ThinkOrSwim that shows the percentage that a stock in your list has reclimbed from the 52 week low toward the 52 week high. So if the yearly high is $100 and the yearly low is $0, and if the stock is currently trading at $60, then the reclimb indicator would show 0.6 for 60% of the year’s range.

This ThinkOrSwim indicator helps you sort your watchlist by yearly low-to-high reclimb, and find either stocks that are about to break out over their 52-week highs, or bottom-pick value stocks that are trading at or near their 52-week lows.

Original price was: $99.99.Current price is: $69.99.Add to cart

Check out the following video for a tutorial on how the yearly reclimb indicator works and how to use it to trade 52 week highs and lows.

Yearly reclimb indicator: trade 52 week highs and lows
Yearly reclimb indicator: trade 52 week highs and lows

Original price was: $99.99.Current price is: $69.99.Add to cart

***UPDATE 01/17/2017: I’ve recently released a new and improved version of this with 2 custom 52-week high low scans and a better watchlist column. Read more here.***

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Reclimb Indicator & Custom Quote Column for ThinkOrSwim

pullback and reclimb indicator lower study line graph

Reclimb Indicator for ThinkOrSwim

The reclimb indicator for ThinkOrSwim shows you how far a stock has retraced its daily range so far. Reclimb is defined as the amount of the daily range that has been recovered after making a new low, expressed as a percent of the day’s total range from high to low. So if a stock opens at 9.50, falls to 9, then makes a high at 10 before falling back to 9.75, then the stock’s Reclimb is .75, or 75% of the daily range of $1 between $9 & $10. The same would be true on a down day, where the stock opens at 9.75, climbs to 10, falls to 9, and then reclimbs to 9.50 — in this case the reclimb is 50% or .5 of the daily range of $1 from 9 to 10.

This indicator can be used either as a lower study on a chart, or as a custom quote column in a watchlist or scan.

daily range reclimb indicator and watchlist column
daily range reclimb indicator and watchlist column
pullback and reclimb indicator lower study line graph
pullback and reclimb indicator lower study line graph
pullback and reclimb indicator lower study bar graph
pullback and reclimb indicator lower study bar graph
pullback and reclimb indicator custom quote column
pullback and reclimb indicator custom quote column

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.

Questions?

Email me here or leave a comment below!