Trend Reversal Coding Signals in the Scan Tab | thinkScript Studies on thinkorswim

Posted By on July 27, 2024

thinkScript Studies on thinkorswim | Michael Fairbourn | 7-26-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D

Within this presentation, we initially created a thinkScript that looked for stocks with uptrending conditions and then combined it with a momentum code within the thinkorswim paperMoney scan tab. Specifically, we looked at combining price strength based on a moving average, with strength in the RSI indicator over specific values.

Have a market idea, but you just can’t find the tool to put it into action? Create your own custom indicator with thinkScript. Your education coach will build custom trading tools as you watch to help give you an understanding of creating and using scripts on the thinkorswim platform. Time to tinker with those technicals.
1023-3KVR

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled “Characteristics and Risks of Standardized Options” before considering any option transaction.

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Scripts are for educational purposes only, are not a recommendation, and are not guaranteed for time or accuracy.

Today’s thinkScripts:
Reversals, Trend & RSI: http://tos.mx/!IASzAXUV
MACD Custom Column: http://tos.mx/!fcyfkymT

Earnings Gap & Go: http://tos.mx/!dQJ1zz5b
Breakout above 30 bar high: http://tos.mx/!dPHY1WCT
MACD: Positive Divergence: http://tos.mx/!QZee2RjH
MACD Momentum: http://tos.mx/!3WDSyMGa

Lows Column: http://tos.mx/!yPYPkmk9
DailyPLProfitLossOnChart: http://tos.mx/!iCB1MJc3
Average Price & Quantity on Chart: http://tos.mx/!Yqp7n1W7
Strategies Session 1 : https://youtube.com/live/4ZSyFpcr_Kc
Strategies Session P2: https://youtube.com/live/6nOSvQ4SzWc

Scripts are for educational purposes only, are not a recommendation, and are not guaranteed for time or accuracy.
TTM Squeeze Temporary strategy link: http://tos.mx/!EgIVojaN
TTM Custom Column: http://tos.mx/!AHR0bZX9

TTM Session One link: https://youtube.com/live/duWjvV73AxE
TTM Session Two link: https://youtu.be/yOJV13lF488
TTM Session Three link: https://youtube.com/live/dLgsDEcE-tc

#SchwabCoaching #TraderTalks #mikefairbourn #thinkorswim