I have reached the end of the World and see the place I started in ThinkOrSwim

Great thread! I'd like to add some of my hard earned knowledge. I don't see the mention of volume profile or order flow. These are the 2 most important indicators one can learn to use. ToS has a paid indicator called BookMap for $39.99 per month that is great for viewing order flow. I think it's money very well spent if you learn the basics of order flow. By using this type of chart, you will always be trading with smart money. As for volume profile, you will always know when the market is balanced or seeking balance. Just my 2 cents ..
yeah there are some GREAT tools that are simply basic necessities and understanding the draw of POC and the slippery power of LVN in the volume profiles will help you make good entries and exits for sure. I also love the OBV on balance volume indicator to spot divergence and the good old tried and true RSI/divergent. I always have up on the side screen, the time and sales when day trading or making critical entries or exits, but have not gotten into the order flow tool - it looks confusing if you can believe that coming from me (have you seen my charts o_0 ) But if you do a lot of reading that tool is supposed to be the bomb...

maybe some good combos?
  • Trend trader = MACD + ADX (trend confirmation) + Volume Profile (where big players are).
  • Swing trader = RSI (timing entries) + OBV (volume confirmation) + Volume Profile.
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Thread starter Similar threads Forum Replies Date
S Defining Start & End Times In ThinkOrSwim Tutorials 0
M Where In The World Is Ruby? Tutorials 1

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
370 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top