How to set up indicators for email and SMS alerts in Thinkorswim TOS

The email and SMS alerts in Thinkorswim TOS will not be triggered from chart indicator.


You must setup the alert in the Alerts tab.



Click the Alerts tab you should see “Study Alert” icon on the top right corner.






After click the “Study Alert” icon, there will be a popup window as shown in below.


Choose the timeframe you need to use and then “add condition”.

 



Select “Study” which contains all the indicators

 


In this example, we use RSI divergence indicator.

If you want to get email and SMS alerts for the positive divergence, then select “Positive_div” for Plot option, and set it to “is greate than or equal to” Value 0.0 then click Save.



After that Click the “Create Alert” button on the bottom right.






Now you should see the alert you just created at the bottom of this page.






You can create more than one alert for different indicators with different rules.


Please note that NOT all indicators can be used as alert for SMS and email due to the limitation of Thinkorswim, you may get “too complex” error for some indicators which are not supported.






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How to correctly set up True Center Band indicator.

True Center Band is a responsive indicator, it will automatically adjust the bands based on the total number of bars loaded on chart.

Even if you use the same params for TCB and timeframe, you can get different plot with different chart settings.

In Ninjatrader the default setting for “Days to load” is 5.

Let’s try load TCB on a 60 Min chart for EURGBP with 2 different chart settings.

If we apply TCB on a chart with default chart setting ( “Days to load” is 5) we will get a chart like this one.

When we change “Days to load” to 20, the chart will look like this:

The above example shows that how TCB plots on different “Days to load”.

Please make sure you use the appropriate chart setting “Days to load”, otherwise you may not get your desired results.

Custom Tradingview indicator and strategy

We aim to offer the best possible service by providing fast and efficient solutions to all traders who prefer to leave the coding work to others.

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Volume-Weighted Moving Average (VWMA) for Thinkorswim TOS

A Simple Moving Average (SMA) is an average of the past N closing prices. It give the same weight to every closing price.

A Volume-Weighted Moving Average (VWMA) is the same, except that it gives different weight to each closing price. The closing price of a day with high volume will have a greater weight.

e.g., if the volume of day 3 (V3) is higher, its closing price (C3) will have a larger effect.

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Stochastic Divergence Indicator all-in-one package for Thinkorswim

No matter what kind of strategy you have, timing is one of the most important elements in trading.

Everyone wants to be one step ahead of the game. But how and is it even possible?

A lot of traders rely on Stochastic indicator and most of them spend their day to stare at the charts for hours and waiting for Stochastic divergence to happen on current bar. Experienced traders can manage to follow multiple charts at the same time, if you are one of them, you know you have been doing this for years. 

Now, imagine an indicator can automatically generate a sound alert whenever there is an Stochastic Divergence on the chart, if you are away from your computer it can even send you a SMS. This is one step ahead of others.

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ADX Divergence Indicator all-in-one package for Thinkorswim

ADX Divergence Indicator all-in-one package for Thinkorswim

No matter what kind of strategy you have, timing is one of the most important elements in trading.

Everyone wants to be one step ahead of the game. But how and is it even possible?

A lot of traders rely on ADX indicator and most of them spend their day to stare at the charts for hours and waiting for ADX divergence to happen on current bar. Experienced traders can manage to follow multiple charts at the same time, if you are one of them, you know you have been doing this for years. 

Now, imagine an indicator can automatically generate a sound alert whenever there is an ADX Divergence on the chart, if you are away from your computer it can even send you a SMS. This is one step ahead of others.

If you need to watch dozens of symbols at the same time, the chart indicator cannot give signals for all of them unless you open dozens of charts which obviously not an option. In order to get Divergence signals for all symbols in your watchlist, the ADX Divergence Custom Quotes is your best solution. It’s capable to show Divergence signals in all timeframes you chose with separate columns. This is another step ahead of others.

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This ADX divergence Indicator all-in-one package for Thinkorswim includes:

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