“Maximum Precision Through Intelligent Use of Minimal Resources”
Affordably Priced Entry Level Indicators
Thinkorswim Entry Level Indicators:
Please consider supporting the free content published on this website by purchasing one or more of these bargain priced entry level indicators.
Entry Level?
Each of these indicators was created by carving out the core functionality of my premium trading tool packages. “Entry Level” means just the indicator, no custom scans, strategies or watchlist columns. A great way to start sampling some of my premium work.
Discounts?
With these great prices, there are no discounts for buying 2 or more. HOWEVER, the purchase price of these indicators can be applied as a discount if you decide later on to upgrade to the *corresponding Premium Trading Tools Package.
Each of the entry level indicators listed below has it’s own demo video. Demo videos are between 2 and 6 minutes in length. There is no audio, and the videos are set to loop as they reach the end.
These indicators are provided to show some of the many different trading tools which can be constructed for Thinkorswim.
If you would like me to build something to suit your own specific trading goals just go to the main menu and select “Professional Services”
Each video also includes a walk-through of the chart showing how the price interacts with various levels and ranges plotted on the chart.
Volume Profile Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes volume profile levels for each time period. Projects those levels into the next time period. Adjustable “Target” ranges are plotted at the VAH/VAL. Plots up to 5 “untouched” POC levels.
Standard Divergence MACD Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes swing high/low pivots in price structure. Compares the MACD Histogram levels between each of those swing high/low price pivots. When positive or negative divergence patterns are detected between price and MACD histogram, trendlines are plotted on the upper price graph.
Standard Divergence RSI Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes swing high/low pivots in price structure. Compares the RSI levels between each of those swing high/low price pivots. When positive or negative divergence patterns are detected between price and RSI, trendlines are plotted on the upper price graph.
Standard Divergence Stochastic Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes swing high/low pivots in price structure. Compares the Stochastic FullK levels between each of those swing high/low price pivots. When positive or negative divergence patterns are detected between price and Stochastic FullK, trendlines are plotted on the upper price graph.
ATR Trailing Stop Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes the standard ATR Trailing stop with a modification to ensure the trailing stop levels are always in a position to begin trailing price after entry. This one indicator can plot long, short or both.
Parabolic Trailing Stop Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes the standard Parabolic Trailing stop with a modification to ensure the trailing stop levels are always in a position to begin trailing price after entry. This one indicator can plot long, short or both.
Swing Pivots Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes short term and long term swing pivots. For each swing pivot, lines are extended from the swing high or swing low. Settings include adjustments for left strength and right strength.
Std Dev Bands Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes the standard deviation bands, which track the leading edge of the standard deviation channel. Includes overbought/oversold areas and bands are colored to show the slope of the channels at each candle on the chart.
ATR Levels OB/OS Indicator Only
Does NOT include custom scans, watchlist columns or strategies.
Function: Computes ATR levels from higher time frame (user selected). These levels are then used to display potential areas of overbought or oversold conditions. Also plots the opening range (user adjustable, for intraday time frames).