Thinkorswim point and figure chart

Thinkorswim point and figure chart DEFAULT

Hi Rick,

Thanks for taking the time to submit your project request.

For most trading platforms the Point & Figure charts are built into the platform and they are considered a chart style. Not an indicator or chart study.

It is not possible to create a Point and Figure (P&F) chart from the thinkscript used to write custom chart studies on the Thinkorswim trading platform. In order for P&F chart to be added to Thinkorswim this will have to be written into the platform by their developers.

Which means the only way to get P&F charts added to the platform is if a large number of users submit this to TDA support as a feature request. How do I do this? Go to https://www.tdameritrade.com/home.page

Then log into your account and follow the instructions on the screenshots below.

Attachments:

Marked as spam

Sours: https://www.hahn-tech.com/ans/thinkorswim-point-and-figure-charts/

FAQ - Charts

How do I remove volume from a thinkorswim® Chart?

To remove volume entirely from a TOS chart, go to the top-right hand corner of the charts window and click on the “Style” button. On the drop-down menu, select “Settings”. On the new menu that comes up, click on the tab at the top of the page that corresponds with the type of security you are charting (e.g. equities, options, futures) and at the top-right of the tab’s section you will see a checkbox that says “Show Volume Sub graph”. Un-check this and click “OK" to remove volume graph of the securities from that chart.

How do I link a watchlist and chart?

Pull up your watchlist in the left sidebar Gadgets. In the upper right-corner of the watchlist, click the chain link icon to the right of the symbol entry box to select a color. Next, pull up Charts tab and choose the same color by clicking the same chain link icon to the right of the symbol entry field. Your watchlist and thinkorswim® Chart are now linked so you may easily scroll through or click a symbol on your watchlist and it will automatically populate on the chart.

You can utilize the linking feature throughout the platform such as on the Trade tab, Analyze tab, MarketWatch tab, and Tools tab. 

How can I customize my charting preferences?

Clients can customize their preferences by utilizing the various studies, drawings, and settings and saving their settings. You can save your chart layout by clicking on the grid drop down menu at the upper right of the page and selecting “Save Grid As …” You can also utilize this grid to choose how many charts you wish to display on the monitor.

Within the Style dropdown box in the right corner, clients are able to choose their aggregation type between Tick, Time and Range. Also, they can choose whether to record the chart either intraday or daily. Once determined, you can save the style within the same menu.

Finally, clients may employ any number and combination of drawings and studies and save these separately in the same way within each dropdown box.

How do I overlap volume on my chart?

In thinkorswim® Charts, go to Style>Settings>General>Layout and check the box next to ‘Overlapped Volume’. If you would like to turn this feature off, simply uncheck the box. Then, click ‘Apply’ and ‘OK’.
 

How do I remove volume from the chart?

In thinkorswim® Charts, go to Style>Settings and then select one of the corresponding tabs: Equities, Options, Futures and/or Forex, then uncheck the box next to ‘Show Volume Subgraph’.

 

How do I view the extended session for pre-market and post-market trading?

In thinkorswim® Charts, go to Style>Settings then select the Equities, Options, and/or Futures tab and check the box next to ‘Show Extended Session’. You may also consider checking the box next to ‘Highlight Extended Session’ so it is easier to differentiate between normal market hours and extended trading hours. Keep in mind, daily charts do not show the extended session so you will need to switch to an intraday chart. To select an intraday chart, choose from the shortcut aggregation button located along the top of the chart next to the Style button. Or, go to Style>Intraday and choose the appropriate aggregation period.
 

How do I add an expansion area to my chart?

In thinkorswim® Charts, go to Style>Settings>Time Axis and click the arrow in the drop down box next to ‘Expansion Area’ to make the appropriate selection. To choose your own custom number of bars, click in the drop down field and enter the appropriate number. Then, click ‘Apply’ and ‘OK’.

How do I setup a comparison chart of multiple symbols?

In thinkorswim® Charts, enter the first symbol in the symbol field of the chart. Then, go to Studies>Add Study>Compare With and choose a symbol within the default list or choose ‘Custom Symbol.’ In the ‘Custom Symbol’ pop-up box, add the second symbol you wish to compare. Repeat this process as necessary to add additional symbols. If you would like to view your chart as a percentage comparison as opposed to a price comparison, go to Style>Settings>Price Axis and check the box next to ‘Show Price as Percentage.’ Then, click ‘Apply’ and ‘OK.’

How do I have multiple studies overlap below the chart?

If you would like to view multiple studies in one lower subgraph below the chart, go to the upper right corner of the chart and click Studies>Edit Studies. Here you will see all of your lower studies listed, each with an individual label titled "Lower". Drag and drop the lower studies you would like to overlap until they are all share the same lower panel, then select OK.

How do I switch to a Range or Tick Chart?

Go to Charts and click on Style>Time Frame Setup>Time Frame>Aggregation Type and select your preference from here. You can also adjust things like Time Interval, Aggregation Period, or Price Range from this window as well.

How do I change my chart background?

Go to Charts and click on Style>Settings>Appearance and expand the “Common” tab. From here you can select the background color under “Other.”

Why aren’t earnings or dividends showing on my chart?

Please make sure that these are enabled by clicking on Style>Settings>Equities tab and check mark “Show Corporate Actions.”

How can I view a bid/ask chart instead of Last?

Go to Charts and click Style>Settings>Equities, Options, Futures or Forex and click the drop down menu next to ‘Price Type’ to make the desired change.

How do I enable/disable the company logo on charts?

Go to Charts and click Style>Settings>General>Display and check or uncheck the ‘Show Symbol Logo’ setting.

How do I change the direction of an arrow drawing on my chart?

First, go to Charts and select Drawings>Arrow, then move your cursor to the desired location and click to place the drawing. Once placed, right click directly on the arrow drawing to reveal a drop down menu. Select "Edit Proprties" and a new window will appear where you may select the preferred direction you would like the arrow to point.

Why don’t trend lines stay in the same place when I switch to different time frames on my chart?

Drawings are designed to retain a starting point and an ending point. These points are based off of time and price, the drawing simply connects the points. A trend line for example, has a slope associated with it and the angle of the line is dependent on how much space is in between the start and end points you select for that line. In other words, the angle of the line will vary due to the changing amount of space in between the points when switching through different aggregations.

Sours: https://tlc.thinkorswim.com/center/faq/charts
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futures io > Futures Trading Strategies, Indicators, Charts and Platforms > Platforms and Indicators > ThinkOrSwim > ThinkOrSwim Programming > Point and Figure for ToS « Need help with avoiding plot repetition in ThinkScript | Pre Market scan Thinkorswim » Point and Figure Chart. Point and figure charts: now available for the first time on ThinkorSwim. Accurate and easily configurable. Available exclusively from Fun with ThinkScript. RSI Divergence. Quickly identify RSI divergences with this easy to use indicator. Automatic Trend Lines. Point and figure charts are a way to visualize price movements and trends in an asset without regard to the amount of time that passes. P&F charts utilize columns consisting of stacked Xs or Os,

There are several ways of viewing price percentage in TOS Charts. 1. Use the trendline as a ruler: connect any two points on chart with it and the label will  27 Dec Yearning for a chart indicator that doesn't exist yet? Why not write it FIGURE 1: thinkScript Editor in thinkorswim Charts. For illustrative  A slowing U. Point and Figure Chart Point and figure charts: now available for the first time on ThinkorSwim. Nov 05, · Thinkorswim - stock hacker scans  Point and Figure Charts Get the finest, and only, PnF charts available for ThinkorSwim If I were ever shipwrecked on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart. For most trading platforms the Point & Figure charts are built into the platform and they are considered a chart style. Not an indicator or chart study. It is not possible to create a Point and Figure (P&F) chart from the thinkscript used to write custom chart studies on the Thinkorswim trading platform. @gapcap1, @ Johnny Cash Point and Figure is about supply and demand. The best must book written on Point & Figure is by Thomas Dorsey. The best must book written on Point & Figure is by Thomas Dorsey.

For most trading platforms the Point & Figure charts are built into the platform and they are considered a chart style. Not an indicator or chart study. It is not possible to create a Point and Figure (P&F) chart from the thinkscript used to write custom chart studies on the Thinkorswim trading platform.

17 Oct If you want to be a technical trader, you need to find free charts for of guy, and StockCharts.com has the best point and figure charts available for free. If you're looking to do trading, ThinkorSwim is the best platform for you. 1 Jun FIGURE 2: REAL TEST, FAKE MONEY. Backtest a strategy first. Then view the entry and exit points on the chart, as well as a p/l before committing  There are several ways of viewing price percentage in TOS Charts. 1. Use the trendline as a ruler: connect any two points on chart with it and the label will  27 Dec Yearning for a chart indicator that doesn't exist yet? Why not write it FIGURE 1: thinkScript Editor in thinkorswim Charts. For illustrative  A slowing U. Point and Figure Chart Point and figure charts: now available for the first time on ThinkorSwim. Nov 05, · Thinkorswim - stock hacker scans  Point and Figure Charts Get the finest, and only, PnF charts available for ThinkorSwim If I were ever shipwrecked on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart.

"Point and figure charting is the oldest form of charting used in the stock market. It is indigenous to and grew out of the stock market, and once mastered and understood, it is also the simplest and clearest method of determining the right time to buy and the right time to sell. The Point and Figure chart shouts where other charts merely

27 Dec Yearning for a chart indicator that doesn't exist yet? Why not write it FIGURE 1: thinkScript Editor in thinkorswim Charts. For illustrative 

There are several ways of viewing price percentage in TOS Charts. 1. Use the trendline as a ruler: connect any two points on chart with it and the label will 

1 Jun FIGURE 2: REAL TEST, FAKE MONEY. Backtest a strategy first. Then view the entry and exit points on the chart, as well as a p/l before committing  There are several ways of viewing price percentage in TOS Charts. 1. Use the trendline as a ruler: connect any two points on chart with it and the label will  27 Dec Yearning for a chart indicator that doesn't exist yet? Why not write it FIGURE 1: thinkScript Editor in thinkorswim Charts. For illustrative  A slowing U. Point and Figure Chart Point and figure charts: now available for the first time on ThinkorSwim. Nov 05, · Thinkorswim - stock hacker scans  Point and Figure Charts Get the finest, and only, PnF charts available for ThinkorSwim If I were ever shipwrecked on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart. For most trading platforms the Point & Figure charts are built into the platform and they are considered a chart style. Not an indicator or chart study. It is not possible to create a Point and Figure (P&F) chart from the thinkscript used to write custom chart studies on the Thinkorswim trading platform.

Point and Figure Charts Get the finest, and only, PnF charts available for ThinkorSwim If I were ever shipwrecked on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart.

Point and Figure Charts Get the finest, and only, PnF charts available for ThinkorSwim If I were ever shipwrecked on a desert island with only one chart to guide me through the markets, it would have to be a Point and Figure chart. For most trading platforms the Point & Figure charts are built into the platform and they are considered a chart style. Not an indicator or chart study. It is not possible to create a Point and Figure (P&F) chart from the thinkscript used to write custom chart studies on the Thinkorswim trading platform. @gapcap1, @ Johnny Cash Point and Figure is about supply and demand. The best must book written on Point & Figure is by Thomas Dorsey. The best must book written on Point & Figure is by Thomas Dorsey. Point and Figure for ToS It appears that the translation only plots the upper and lower limits. I've been think that it might be possible to improvise with the plotting of Xs and Os by using the addChartBubble command, because its syntax is addChartBubble(x-axis location,y-axis location, text, color,up) . futures io > Futures Trading Strategies, Indicators, Charts and Platforms > Platforms and Indicators > ThinkOrSwim > ThinkOrSwim Programming > Point and Figure for ToS « Need help with avoiding plot repetition in ThinkScript | Pre Market scan Thinkorswim » Point and Figure Chart. Point and figure charts: now available for the first time on ThinkorSwim. Accurate and easily configurable. Available exclusively from Fun with ThinkScript. RSI Divergence. Quickly identify RSI divergences with this easy to use indicator. Automatic Trend Lines.

17 Oct If you want to be a technical trader, you need to find free charts for of guy, and StockCharts.com has the best point and figure charts available for free. If you're looking to do trading, ThinkorSwim is the best platform for you. 1 Jun FIGURE 2: REAL TEST, FAKE MONEY. Backtest a strategy first. Then view the entry and exit points on the chart, as well as a p/l before committing  There are several ways of viewing price percentage in TOS Charts. 1. Use the trendline as a ruler: connect any two points on chart with it and the label will 

Sours: https://tradekuf.web.app/colianvoxy/point-and-figure-chart-thinkscript-lir.html
Point and figure charts mt4 \u0026 how to trade them [ 90% success ]

Point and Figure Charting: A Basic Introduction

Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest systems for determining solid entry and exit points in stock market trading. This charting system monitors supply and demand of each issue while keeping an eye on developing trends. What makes P&F charts unique is that they do not account for the discrete passage of time as most other types of chart do along their x-axes.

While point and figure charting has never been at the top of the list of popular techniques used by technical analysts, there is a growing interest in P&F from all corners of the charting community. Here we take a close look at P&F charts and how to read and construct them.

Key Takeaways

  • Point and figure charts are a way to visualize price movements and trends in an asset without regard to the amount of time that passes.
  • P&F charts utilize columns consisting of stacked Xs or Os, each of which represents a set amount of price movement.
  • The Xs illustrate rising prices, while Os represent a falling price.
  • Some argue that support and resistance levels, as well as breakouts, are more clearly defined on a P&F chart since it filters out tiny price movements and is less susceptible to false breakouts.

Constructing P&F Charts

Conventional technical analysis charts tend to be the open-close/high-low chart that plot price movements over the course of time, say from day to day. In the creation of P&F charts, the emphasis is only on the closing price of an issue. The developers of P&F charting were interested in trend development and thus were not concerned with the noise created daily by minor moves up or down, but with how the larger picture played out from a supply and demand perspective.

The key to P&F charts is the establishment of the unit of price, which is the unit measurement of a price movement plotted on the graph. On P&F charts, there is no time axis, only a price axis. Rising stock prices are shown with X's and falling prices are shown with O's. These points appear on the chart only if the price moved at least one unit of price in either direction.

So say the closing prices of a stock moved up one price unit three times. This would appear as a column of three X's. If the price movement reverses direction, the chart shows a new column of O's, wherein an O is plotted for each unit of price movement. X's and O's never appear in the same column. The chartist, however, must establish how many price units make up a box, which is how much the price must move in the opposite direction for the chart to begin a new column.

Let's say, for an example, the stock you were tracking was trading at $25, and you were using a $1 unit measurement and a reversal box is three units. Now, if the stock had been trading upward to $25, the stock would have to close at $22 before the chart would reverse to a column of O's. Because each unit of price movement must be plotted, each unit of price movement down from the $25 level must, in this new column of O's, be represented by one O. The next reversal would have the stock trading up at least $3, or three points, before a new column of X's came back into view on our P&F chart. Assume then that the issue continues to fall to $20 before reversing itself; the X's would reappear once the price hits $ Remember, you choose the unit size. It could be $, $1 or even $2 if the stock price is high enough. Graphically, the first two columns of our example would look like this:

$X
$XO
$XO
$XO
$X

Reading P&F Charts

Now that we have had a look at how to construct a P&F chart, the next question is how do we read it. It is clearly understood by P&F experts that the law of supply and demand determines the price of the stock. If the issue is rising in price and we have an uptrend in place with at least three X's, we believe that demand has overcome supply.

The reverse, when that chart gives us three O's, indicates supply has overcome demand. P&F charts show us the establishment of trends, trend reversals and the supply and demand of charted issues.

Here are some examples:

The following will give you a solid base to further study two important principles of P&F charting: support levels and resistance levels. You should remember that both support and resistance are shown in horizontal lines and trendlines are represented with degree angles.

Support Levels

A support level is a level at which investors and traders alike believe prices will start to move higher after hitting the support mark. Have a look at the three O's in the example above to see what this means. A horizontal row of O's is what you are looking for when zeroing in on a trend reversal and an uptrend to begin.

Resistance Levels

A horizontal row of X's marks the resistance levels you need to be looking for in the P&F charting study. Studies of trendlines have shown that a break through resistance levels generally occurs with great gusto—that is, with big volume and a rapid increasing stock price.

Bottom Line

Trends take a long time to reverse, so traders should remember that P&F charting is designed for long-term investors and has no value whatsoever for the short-term trader. By using point and figure charting to identify overall price trends, technical investors can take positions that have a strong probability of profiting.

This is just a basic overview of P&F charts. The best book ever written on the subject is "Point and Figure Charting" by Thomas Dorsey. This book is a must for all those who want a thorough understanding of this popular charting method. Since the introduction of P&F charts, they have been deeply integrated in other technical analysis and trading strategies.

Sours: https://www.investopedia.com/articles/technical/03/asp

And figure point chart thinkorswim

Charts That Rule the World: A thinkorswim® Special Focus

There's more to charts than looking at price and volume. Learn how to use these five charting tools as a starting point in understanding the many features available in thinkorswim charts.

By Jayanthi Gopalakrishnan August 11, 5 min read

https://tickertapecdn.tdameritrade.com/assets/images/pages/md/Drawing the world: Price charts for traders

5 min read

Photo by Getty Images

Key Takeaways

  • Become familiar with the different charting features available on thinkorswim

  • Understand how to compare charts, create drawing alerts, and backtest strategies directly from price charts 
  • Use the expansion area of a price chart to identify future corporate actions and probable price ranges

There are plenty of charting programs out there. But seriously, why look further? The charts on the thinkorswim trading platform can do pretty much everything you could possibly need—even if you’re not a chart reader.

Want to compare two stocks on one chart? No problem. What about setting an alert for when price breaks out of a trendline? Want to do a little backtesting before jumping into a trade? You’re covered. What about technical indicators, you ask? The platform has hundreds of preloaded studies and strategies. You can even develop your own studies right in thinkorswim.

If you’re new to charting, you can brush up on technical analysis and how to read stock charts. Let’s map out some of the features that chartists and (non-chartists) can use in day-to-day trading from the Charts tab on thinkorswim.

Overlay Charts

An overlay chart plots two or more different stocks or indices on the same price chart. It’s a way to see relative performance—whether one is over- or underperforming the other. It can be a way to measure relative strength, and it’s also handy if you’re looking at correlations between stocks, sectors, or asset classes such as the financial sector versus the S&P Index (see figure 1).

FIGURE 1: COMPARING NOTES. Use the overlay function in thinkorswim to compare two symbols: in this case the S&P Index (SPX, candlesticks) and the financial sector (IXM, purple line). Data source: S&P Dow Jones Indices. Chart source: the thinkorswim platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

Ready to give it a try? Here’s how to create an overlay:

  1. From the Charts tab, bring up a chart. Look in the upper right and select Studies, and then hover over Add study to see the expanded menu.
  2. Select Compare with at the bottom of that menu. You’ll see a list of default index symbols such as DJX and SPX, as well as Custom symbol at the top. Choose a default symbol or enter a custom one to overlay it on the chart.

The left vertical axis will be scaled for the overlay symbol so the high and low range fits on the same chart. You can also add more indices or custom symbols. 

To take overlays one step further, open Chart settings (gear icon), and under the Price Axis tab and check Show price as percentage. That switches the right vertical axis to show percentage changes, which may help you compare the performance of the symbols you’re charting.

Drawing Alerts

Did you know you can set alerts based on chart drawings such as trendlines, retracement levels, price channels, and so on? Whenever a security’s price breaks through a trend you’ve defined, you’ll be notified. 

Setting up such an alert is straightforward. Simply select a drawing and right click to select Create alert with drawing. This opens up a dialog where you can define how you’d like the alert to trigger (see figure 2). Because all drawings are (in effect) simple lines, alerts can trigger when prices cross them.  

Beyond that, all the standard alert preferences can be set from this menu, such as the notification method or when the alert should expire. Once you enter the parameters, select Create to set the alert. A flag appears on the chart drawing to indicate that an alert has been set. You can edit or cancel the alert by right-clicking the flag.

Before creating the alert, you can also check the Show Alert Book after I press ‘Create’ box. This will add the drawing alert to the Alert Book section of the MarketWatch tab, along with any other alerts you’ve set. You’ll see the name of the drawing and symbol for each alert, as well as the time frame of the applicable chart. This last bit is important to keep in mind to avoid confusion. The slopes of lines change when they’re applied to different chart aggregations, so remember that an alert will trigger only when a crossover occurs on the same aggregation as the original chart.

For example, it’s possible to see a crossover on a minute chart that doesn’t appear on a 5-minute chart. If the alert was created on the 5-minute chart, then it wouldn’t trigger. To remind you of this, the flag will show up only on charts of the same aggregation, and the entry in the order book will specify the aggregation as well. 

FIGURE 2: TREND ALERT! Add alerts based on chart drawings to be notified when a stock smacks through the bottom of a trendline or breaks out above it. Chart source: thethinkorswim platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

Backtesting*

You can backtest trading strategies based on technical indicators and see the hypothetical profit & loss (p&l) performance right on your charts. The charts offer “Strategies,” which are simulated long and short entry and closing points determined by a technical indicator. You can even code your own strategy. That’s beyond the scope of this article, but here’s how to get started (see figure 3).

FIGURE 3: REAL TEST, FAKE MONEY. Backtest a strategy to see how it might have performed historically. Then view the entry and exit points on the chart, as well as a p&l, before committing real dollars. Chart source: the thinkorswim platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

To try out backtesting:

  1. Go to Studies in the upper right and select the Edit Studies icon at the upper right.
  2. In the window that pops up, choose the Strategies tab.
  3. On the left you’ll see a list of default strategies. To make a strategy engage, you need to add commands that’ll show both “long entry” (LE) and “short entry” (SE) at a minimum.
  4. For practice, you can look for the BollingerBandsLE and BollingerBandsSE strategies. Those are the long-entry and short-entry commands based on Bollinger Bands. Double-click on each one and it will be added to the list of studies and strategies in the main body of the Edit Studies and Strategies window.
  5. Select Apply in the lower right corner, then OK.

You should now see “BollingerBandsLE” and “BollingerBandsSE” labels on your chart, indicating the simulated buying and selling of shares of stock based on the Bollinger Bands test. To see the p&l of those simulated trades, hover directly over one of the labels and right-click to open a new menu. Select Show Report to open the Strategy Report window. Here you’ll find the buy and sell signals and p&l data for the strategy.

And by the way, if you want to buy or sell the stock shares for real, right-click in the chart’s main body and select Buy or Sell from the menu. Plus, at the far right of the chart, you’ll see tabs for Trade, Time and Sales, Level II, and so on. These let you add windows with those features next to the chart window. It basically lets you set up Charts as your go-to page for stock and futures trading.

A final note on backtesting. Never forget the old adage (and standard financial disclaimer): Past performance of a security or strategy does not guarantee future results or investing success. It’s particularly important when backtesting for strategy selection

Future Corporate Actions

thinkorswim charts let you plot future dates to the right of the current date. Why? To help you locate upcoming earnings and dividend dates, for one thing. Plus, you can extend drawings like trendlines off into the future to identify possible price targets. How to do it? Take a look at figure 4.

FIGURE 4: PEEKING AT THE FUTURE. By adjusting a chart to display future bars on the right (the expansion area), you can view upcoming earnings and dividend dates. Chart source: the thinkorswim platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

To chart a future period in the expansion area:

  1. Select Style at the upper right and choose Settings from the menu.
  2. Select the Time axis tab in the Chart Settings window.
  3. Now look for the Expansion area control. You can enter a number in the field for bars to the right—say, 10—then select Apply at the bottom right.

This will add some empty space to the right of the current date on the chart (see figure 4). Now you can extend a trendline or other drawing into that space. Hover directly over the trendline and right-click. Select Extend to the right from the menu and you’ll see the line extend to those future dates.

The Cool Probability Cone

A study that’s built specifically for those future dates is the Probability of Expiring Cone (figure 5), which gives you a probable price range at different contract expirations (weeks or months). The cone draws the upper and lower bounds of a symbol’s price range to theoretically encompass a predefined level of probability.

FIGURE 5: WHAT’S THE PROBABLE PRICE RANGE? The probability cone (purple curve) helps to estimate the upper and lower bounds of a stock or index’s price range within a predefined level of probability. Chart source: the thinkorswim platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

One way to add the cone study is to select StudiesEdit studies icon and find ProbabilityOfExpiringCone on the left of the window. Double-click to add it to the list of chart studies. You’ll also find two fields to edit for the study. The “period” is the number of future dates for which the probability cone is calculated, and the “prob range” is the probability the projected range covers. The default “prob range” is 68%, which corresponds roughly to one standard deviation. Set it to 95% to see a cone that covers two standard deviations, or 99% to cover three standard deviations. (Learn more about probabilities and volatility.) 

These features really just scratch the surface of thinkorswim charting functionality. But hopefully you now have an idea of the scope and how to access some of the potential. Each of the many menus offers more choices that will lead you to additional functions. Go ahead and continue to explore thinkorswim charts to see just how hard you can make them work for you.

Jayanthi Gopalakrishnan is not a representative of TD Ameritrade, Inc. The material, views, and opinions expressed in this article are solely those of the author and may not be reflective of those held by TD Ameritrade, Inc.

Key Takeaways

  • Become familiar with the different charting features available on thinkorswim

  • Understand how to compare charts, create drawing alerts, and backtest strategies directly from price charts 
  • Use the expansion area of a price chart to identify future corporate actions and probable price ranges

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Sours: https://tickertape.tdameritrade.com/trading/thinkorswim-tools-tips-charts
Point and figure charts mt4 \u0026 how to trade them [ 90% success ]

Quiet, quiet. Everything is fine. Calm down. I'm falling asleep. - What.

Now discussing:

And I delayed her. - in short, I'll take a shit now, and you will wipe me up, repeat. after another sobering slap in the face, I repeated: - You will now. poop. and I will wipe you up.



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