trading options Reviews and details

Social recommendations and mentions

• Trying to manually backtest something in TOS. Anyways I can stop the indicators from tipping me to what will happen?

  You can use ChatGPT to create it for you (although it’s initial output may not work correctly), so you can reference the manual/tutorials on TOS’s support site. Lots of forums online where other traders have shared their creations too! Source: 10 months ago

• Can somebody help me define and create this strategy in TOS?

  Not sure this site allows it, have a closer look anyway: https://usethinkscript.com. Source: 11 months ago

• ToS coding issue driving me crazy

  Try asking other users at usethinkscript.com. Source: about 1 year ago

• First bar of day

  Found this great Script on "usethinkscript.com" -- I suck at scripts asking for help - Would like to show the the "first bar of day" as a horizontal line only showing current day and with the option of bubbles not necessary though. Thank you. Source: about 1 year ago

• Help with Relative Strength Script

  Check out https://usethinkscript.com/. Source: almost 2 years ago

• Can RS/RW methodology be applied to long term investments?

  Yeah it'll work for longer time frames. Take a look at Stan Weinstein's book "Secrets for profiting in bull and bear markets". He outlines a method to view market structure and how to use RS/RW along with a 30 SMA to determine entries and exits to trades. Here's a like to the RS/RW indicator he used back then https://www.barchart.com/education/technical-indicators/mansfield-relative-strength. Personally I use the... Source: almost 2 years ago

• As a day trading noob, I find myself constantly pulling up my Windows Calculator to figure out the maximum shares I can buy with my buying power. So I made a little calculator widget to make this easier for me. Would something like this be useful to anyone else out there?

  If you're big on programming then it and/or tradingview might be for your. A lot of resources at https://usethinkscript.com/ for reference. Still learning myself, but they they're nice platforms to backtest different indicator setups and strategies. I'm not tied to a specific platform though. I setup my workstation with thinkorswim, webull, and Fidelity ATP. I chart/strategies with thinkorswim, use Webull... Source: almost 2 years ago

• Help with Indicator - Follow Through Day

  I found the following script on usethinkscript.com, and it doesn't seem to be working quite right. I've tried messing around with it to no avail. Hoping someone can spot the issue. The part of the code I'm asking about is at the very end in bold. Source: about 2 years ago

• EMA Cross Alerts?

  Any chance you’d share your script (or link if it’s on usethinkscript.com), or if it’s a manual scan then what watchlist/settings you use? Much appreciated. Source: over 2 years ago

• I'm so lost.

  ThinkOrSwim. Mobile and Desktop. My custom coded indicators work on both that way (I program in thinkscript -- you can find some of my work at usethinkscript.com as @mashume). Source: over 2 years ago

• Automating a 'Relative Spy Strength' Strategy

  On usethinkscript.com they have a volume indicator that is free that may be of help, I don't understand coding so much as I would hope, but it may give you some more insight on how to use volume for writing a script. The particular script I use plots average volume, and daily volume for the last 4 trading days, to give me insite of the trend. Source: almost 3 years ago

• Any think or swim script coders here?!? Please comment !

  Hey not sure if it’s cool to mention it, but if you haven’t check out https://usethinkscript.com/. Source: almost 3 years ago

• This is in response to a phantom transfer fee charged by Robinhood that I noticed. Details in comments.

  Unfortunately not. I couldnt sell it for a price you want to afford, and sharing it publicly exposes my strategy to malicious traders. what I can do is share a less than reliable indicator and point you toward https://usethinkscript.com where there is a bunch of great code for custom scripts. Source: about 3 years ago

• MACD Strategy Executes on the second Green bar or Red green bar instead of the first

  There are some position sizing calculators over at the usethinkscript.com website, if you need some help with adding one of those. Source: about 3 years ago

• Create horizontal line at high of premarket.

  Sorry, I don't know off hand. The premarket one interested me so I figured it out real quick. I shut down tos for tonight but I can play with it this weekend. You can try replacing all the PM (premarket) in the script with AH (afterhours) and see what happens. Also, https://usethinkscript.com/ is a great forum where I learned a lot. Nice helpful people there. Source: about 3 years ago

• Looking for a scan / indicator to count number of highest highs reached on the day.

  Since you can not get an answer here, try asking at https://usethinkscript.com/ . You should also simplify your question. Ask for code that counts all daily candles above the days open price. Source: about 3 years ago