Custom Scan Using MACD and RSI but no Squeeze
Free custom indicator included, and linked below. One of our viewers contacted us via Facebook page asking for help with a custom scan on the Thinkorswim trading platform. The request was to demonstrate how to combine three indicators into a single scan. The specified indicators are the standard MACD, and RSI along with the *TTM Squeeze©. The viewer states he was struggling to get the three indicators to work in a custom scan. This video, titled “Thinkorswim Scan MACD RSI Squeeze”, will demonstrate step-by-step the process of creating the customer indicator (linked below). Once created, the indicator is then used to create a custom scan. You will see how these three indicators fit together (or not!). As the custom scan is assembled you will get to examine the output for each of the filters. By the end of the video you will understand how to put it all together and run the scan yourself. Near the end of the video will be a link to a previous video which demonstrates how to install this custom indicator on your Thinkorswim platform after downloading it from this link:
Would you like to learn how to master the custom scan tools on Thinkorswim?
Click here: Thinkorswim Scans Beginner to Advanced
Learn how to build custom scans without writing any code: Thinkorswim Condition Wizard
*The TTM Squeeze is a proprietary indicator owned by Trade The Markets. It is available free to all TD Ameritrade clients who have access to the Thinkorswim platform.
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 Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
Please be sure to share this page with your friends and colleagues. Leaving comments below is the best way to help make the content of this site even better.
I tried reversing the code to find shorts instead of long trades. However, I’m new at coding and can’t seem to change the code appropriately. Would you change the coding to give signals for shorts? Thank you.
That’s why we created part 2….