Helpful tips

Can you automate thinkorswim?

Can you automate thinkorswim?

There is no way (at least that we’re aware of) to have fully automated trading in ThinkOrSwim (at least the platform). However, if you have a process-driven approach, much of this is mechanical, and can be outsourced to the actual ThinkOrSwim platform to try and automate as much of the trading process as possible.

How do I use thinkorswim volume profile?

On the thinkorswim® platform from TD Ameritrade, select the Charts tab and enter any symbol. Select Studies > Add Study > All Studies > U–W > Volume Profile. By default, the volume profile will display in the expansion area to the right of your traditional price chart, but there are other ways to view this study.

Can you algo trade on ThinkorSwim?

No, not algorithms proper. They do not allow you to automatically execute trades, and their backtesting ability is very limited, but the thinkscript feature is still pretty powerful.

What language is ThinkorSwim written in?

Here are some resources to help you learn thinkScript, the official coding language for ThinkorSwim platform.

Is thinkorswim good for beginners?

It’s one of the most popular trading platforms on the market and allows you the ability to trade stocks, options, penny stocks, along with futures. It’s good for beginners and advanced traders. Their charts, filter studies, and scanners are top notch in the industry.

Is thinkorswim good for day trading?

TD Ameritrade’s thinkorswim platform is widely respected among traders. It offers charts, customizable scans, news feeds, and more. It’s a good tool for TD Ameritrade day trading. Thinkorswim has a mobile app as well.

Does thinkorswim have technical analysis?

Technical Indicators Explore our library of 500+ built-in studies and strategies. Studies can help you make trading decisions and strategies can help you back-test these decisions.

How do I show volume in thinkorswim?

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”.