Thinkorswim Divergence Lines Upgrade 33


Divergence Lines Drawn Directly On the Chart

Thanks to a huge response and feedback from our viewers we are very excited to publish version three of the Divergence Premium indicators for Thinkorswim. Along with the new version we have published a video titled “Thinkorswim Divergence Lines Upgrade”. We are also including a custom scan along with the upgraded version. Customers who already purchased version two are receiving the upgraded version at no extra charge! In this video we show how to adjust the settings and run the scan. And there is a live chart demo showing how the chart based alerts function. At the request of viewers, we have also added a companion study, available separately. The companion study measures divergence in a different way.

 

We realize there are many techniques employed for reading divergence. We tried to be as accommodating as possible within the limits impose by the Thinkscript language. I’m sure you will be very excited to see the new ways these indicators can be customized to fit your needs.

Need more information?

To get pricing and see how to place your order click the link below.

Thinkorswim Premium Chart Indicators

DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS. *Thinkorswim is a chart analysis platform offered by TD Ameritradewww.tdameritrade.com TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.

 

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Watch the video, Thinkorswim Divergence Lines Indicator below:

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33 thoughts on “Thinkorswim Divergence Lines Upgrade

  • J Leo Arsenault

    HI,
    Wondering if you could help with the standDevChannel into a Watchlist?? I can’t get the “UnderPrice” to fire a warning. I think its my plot value if statement??? see below the code.

    Thanks

    def UpperLine =StandardDevChannel(“deviations” = 1.3).”LowerLine” is greater than close;

    def LowerLine = StandardDevChannel(“deviations” = 1.3).”MiddleLine” is greater than close;

    plot value = if UpperLine then 1.3 else if LowerLine then 1.3 else 0;

    #def UpperLine = UpperLine1 > 1; #newCode
    #def LowerLine = LowerLine1 < 1; #newCode

    AddLabel(LowerLine, "UnderPriced", color.Black);
    AddLabel(UpperLine, "OverPriced", color.black); #is working
    AddLabel(!LowerLine and !UpperLine, " ", color.black);

    AssignBackgroundColor(if LowerLine then color.RED else if UpperLine then color.GREEN else color.black);

  • Pete Hahn Post author

    Your questions are appreciated but way to complex to be trying to work out these details in the comments section of the demo video. About the only one of your questions I can answer is #1, and the answer to that question was explained in the demo video. The settings for RSI and Stochastic are included in the upper chart study that plots divergence and all changes will need to be made there. Everything else you listed would be considered a modification, which you would need to submit as a custom project request after purchasing the full version. Details about how to submit a custom project request is located on the following webpage: https://www.hahn-tech.com/about/