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Thinkorswim Tips & Tricks ? #trading #daytrading #thinkorswim

Education

Introduction

Traders, today I'm going to share with you two top features in the Thinkorswim trading platform that might not be widely known. Let's jump right into it:

  1. Automatically Update Key Levels: When looking at a chart in Thinkorswim, click on the settings icon and go to "Snap Drawings." Change it to "OHLC," and the next time you draw a key level, it will automatically update to the Open, High, Low, or Close for that candlestick, saving you time and effort.

  2. Create Alerts for Breakouts: A game-changer for traders focusing on breakouts or breakdowns. If you have a drawing on your chart, like a trendline or trend channel, you can right-click that drawing, select "Create Alert with Drawing." This way, when the price crosses above or below that trendline, you will receive a notification. You can even set it to notify you via SMS, allowing you to stay informed of potential trading opportunities without constantly monitoring the screen.

Now you have two powerful features in Thinkorswim that can enhance your trading experience and help you seize opportunities more effectively.

Keyword:

Thinkorswim, Trading Platform, Key Levels, Chart Settings, Breakouts, Breakdowns, Alerts, Trendlines, SMS Notifications

FAQ:

  1. Can these features in Thinkorswim help me save time while trading?
  2. How can I set up SMS notifications for breakout alerts in Thinkorswim?
  3. Will using OHLC settings for key levels in Thinkorswim improve my trading accuracy?