Posted on

Thinkorswim Relative Volume Paintbars Indicator Update v2.6

thinkorswim time based relative volume indicator

I’ve recently been adding several new functions and features to the Thinkorswim Relative Volume paintbars indicator package including:

  1. New volume sources
    1. Range by itself
      1. New range types added
    2. Open Interest
    3. Implied Volatility
    4. Many new combinations of all the types
  2. New BLENDED average mode — weight both the Time Based Average and Moving Average of your volume source according to whatever percentages you want
  3. New automatic or manually set time based mode
  4. New columns and scans for each type of volume source
  5. New labels indicator showing relative overnight volume, premarket volume, aftermarket volume, opening range volume, and regular hours volume
  6. New bonus columns for relative and absolute overnight, premarket, and aftermarket ticks/trade count and share volume

As always, if you purchased the indicator before, all updates are free. Just log back in and go to My Account > Orders > View and the new links should be there.

If you haven’t yet gotten your hands on it, check out the video and my playlists of trades on Youtube, and then purchase the set here:

Get the Relative Volume Indicators Here

Posted on

Updates to Percent Change from Open

Percent Change From Open indicator

I’ve just released some updates to the % change from open indicator/column/scan package here: https://easycators.com/thinkscript/percent-change-from-open/

Now it includes several other bonus scripts that weren’t there before:

  1. All new indicator showing percent change, dollar change, and ATR-multiple change from open (or any other starting price)
  2. Max % gained column
  3. Max % lost column
  4. Max % Gained or Lost column (based on closing direction)
  5. Column showing % of today’s bar closes that were above a chosen moving average (to sort a watchlist by relative intraday trend strength)

This is what the new indicator looks like:

Percent Change From Open indicator
Percent Change From Open indicator

 

Changes take effect immediately, and as always, prior purchasers get all updates for free in their My Account > Orders > View Order Details screen.

Love you guys, thanks!

-Josiah

Posted on

Updates to Relative Volume + Position Sizer

Today I’ve released some substantial updates to both the Relative Volume indicator set and the Position Sizer.

Relative Volume, Trades, Shares-Per-Trade, and Shares-Per-Range

  • The Relative Volume, Trades, Shares-Per-Trade, and Shares-Per-Range indicators have all been combined into a single indicator that lets you switch between modes.
  • The Time-Based Average and the Moving Average based relative volume indicators have now all been combined into the single indicator as well, so you can switch between a time based average for use on intraday timeframe charts, and a custom moving average of volume for any timeframe chart.
  • Efficiency improvements have also been made to reduce resource consumption and keep your platform responsive.
  • Find out more here.
Thinkorswim Time Based Relative Volume Settings 1
Thinkorswim Time Based Relative Volume Settings 1

 

Thinkorswim Time Based Relative Volume Settings 2
Thinkorswim Time Based Relative Volume Settings 2

 

Thinkorswim Time Based Relative Volume
Thinkorswim Time Based Relative Volume

 

Position Sizer

Thinkorswim Position Sizer updated labels

  • The Position Sizer has a new mode for Fixed Dollar Target, in addition to the existing Fixed Price and Risk Multiple target modes.
  • New mode for stop – fixed dollar stop
  • New mode for risk per trade – choose a fixed dollar amount to risk or keep the normal percentage of buying power, either auto or manually chosen
  • All the data points in the label have been separated out so they can be controlled individually.
  • New labels for Bid-Ask Spread, Daily Volume, stop size, buying power required, etc.
  • Add spread size to stop size automatically
  • Fixed an issue to limit number of shares not only by risk per trade but also by buying power
  • Added offset setting for labels, so you can choose to display the entry/stop/target and position sizing info for the prior candle instead of the current candle, in case you like to use bar break types of entries based on the just-closed prior candle.
  • Find out more here.
Thinkorswim Position Sizer - Settings 1
Thinkorswim Position Sizer – Settings 1

 

Thinkorswim Position Sizer - Settings 2
Thinkorswim Position Sizer – Settings 2

 

Thinkorswim Position Sizer - Settings 3
Thinkorswim Position Sizer – Settings 3

 

Thinkorswim Position Sizer - Settings 4
Thinkorswim Position Sizer – Settings 4

 

Thinkorswim Position Sizer - Settings 5
Thinkorswim Position Sizer – Settings 5

 

I will be updating the images and data sheets for each in the coming days, but I wanted to get the release notes out there for people who’ve already purchased in the past.

I hope these changes will add value and benefit your trading workflow. As always, updates are free to prior purchasers and the new links are available in the My Account > Orders area of the site. Thanks for your continued support and kind feedback!

-Josiah