As I migrated all my work to a new computer this week, I took the opportunity to create a locally stored backup of my custom studies and strategies in thinkorswim (TOS). For those who are new to the platform, this is not strictly necessary as your custom studies and strategies are saved on the servers … Read more
A question that seems to come up with frequent regularity in the Simpler Trading Options Gold Chat Room is that of using custom alert sounds in thinkorswim. I use a custom high and low $TICK alert sound on my system to distinguish them from the myriad of other audio alerts ringing, chiming, or dinging. The … Read more
As this Thanksgiving holiday week comes to a close, I thought I would pass along the link for a cool little market internals indicator I crafted a few years back. Numerous market metrics are available in thinkorswim to help us gain some insight into what is driving price action. If you look at the public … Read more
I get asked often enough about how I set up my charts that I thought I would create a quick infographic of the process. The default black background color scheme in thinkorswim (TOS) is simply too harsh on my eyes for extended periods of time. I find a white background to be better but ultimately … Read more
One question I am asked often is how to use the Stock Hacker in TOS to scan for the TTM Squeeze. Though there is a built in scan for the Squeeze, it is limited in both its capabilities and the time frame one can use it on. Fortunately, with a little clever thinkScript we can … Read more
Recently we published an updated version of the Early In N Out indicator for TOS that adds in the ability to scan for the green early entry bars as well as a built-in audio alert. If you received the indicator as part of a webinar or purchased it from the Simpler Indicators store, please download the new version from … Read more
I’ve watched the Cumulative TICK indicator for the better part of six years now. Recall that the Cumulative TICK indicator creates a running total of the average TICK reading throughout the day. It gives us a broad sense of the underlying buying or selling going on behind the price action. One of my favorite uses of this indicator is … Read more
Winter is all but over here in South Texas and so I’ve resumed my morning bike rides along our rural back country roads. My chosen route for the day usually depends on how far I’m going and the current dog activity. Two things are generally true about the dogs I come across on my rides: … Read more
As I suspect most of you already know, this weekend brought a series of new TOS builds packed with the usual goodies and some unwelcome surprises. Most notable amongst these was the deprecation of a thinkScript function which has been in use at least since I began using the platform in 2008. Specifically I am … Read more