How do I convert my Thinkorswim strategy into a custom scan?


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I’ve got this awesome new strategy and I’m ready to start looking for live setups. How can I convert my Strategy in Thinkorswim into a custom scan?

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Posted by (Questions: 37, Answers: 4084)
Asked on November 5, 2016 10:58 pm
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Ok, so you have hammered away and produced what you feel is a great strategy. Now you want to be able to scan the market for the buy and sell signals to start putting it into practice. Don’t worry, it’s not that tough and we will show you how. The very same code is used for Studies, Strategies and Scans. So they are easily converted from one form to another. Just a few little tweaks and you are ready to roll.

Here is the video where we demonstrate the conversion step-by-step, in both directions:

https://www.hahn-tech.com/thinkorswim-scan-to-strategy/

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Posted by (Questions: 37, Answers: 4084)
Answered on December 14, 2016 6:10 pm
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The video on converting a strategy to a scan is helpful, but it doesn't quite resolve the issue I'm having. My strategy works very well on a select set of stocks. So before I trade a symbol, I first back test it over a 5 year period (daily). The strategy assigns a "score". If the score is at or above my threshold, I put the symbol in my trading watch list. Is it possible to turn the results of a back test into a scan to automate this screening process?
( at February 21, 2024 8:25 pm)
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Well if it is a true chart strategy, there is no way to replicate that in a scan. But if you have a custom chart study that mimics the behavior of a chart study, then it may be possible to convert that to a scan. The issue is far more complicated than we can adequately address in the comments section of the Q&A Forum. And you may end up needing to convert it to a watchlist column to display the values computed for each ticker symbol. And this would need to be set to a daily time frame or higher, in order to have access to at least 5 years of historical data.

( at February 21, 2024 9:51 pm)

About Pete Hahn

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