ThinkOrSwim Scripts/Scans

Scripts

Cloud Bollinger Bands

• Modifies thinkorswim's bollinger band version to add cloud effect

Mean Expansion Contraction

• Modify PPO so that you can plot 2 moving averages onto same plot for better visual
• Kind of like a MACD but use with Price from Mean and RSI to find reversals
• 10MA vs 20MA and 20MA vs 50MA

Percentages

• Plots percentage draw downs by increments of 10%
• Uses highest open/close and lowest open/close to plot 0 - 100%
• Optional adds are 2 extensions from highest open/close and lowest open/close

Price From Mean

• Plots percentage price is away from specified mean
• Can plot 2 moving averages
• Use 10EMA and 20EMA

Relative Performance (defunct)

• Plots relative performance of a security compared to SPX and QQQ indexes

Stock Performance

• Enhanced version of relative performance
• Plots relative performance of a security compared to SPX, QQQ, DIA indexes
• Shows alpha vs SPX
• Can switch to total return during timeframe or YTD

RSI 60-50-40

• Modified RSI to include 60-50-40 lines
• Includes cloud effect on oversold/overbought areas

Swing Pivot

• Identifies big institutional buys on the hourly timeframe; usually first hour
• Good for finding reversals from short term pullback/downtrend; candle will be solid green and high volume
• The more signals that occur more likely institutional buyers bidding up the price
• Script also plots from highs/lows of the day and color coordinates green for uptrend, red for downtrend, and white for neutral
• Only works for the 1 hour timeframe

RSI Bars

• Best used with candle bars
• Candle colors change via RSI level
• RSI changes shades of color depending on the level of RSI. Lower are red shades and higher are blue shades

Scans

• Coming Soon.