The Price Line Marker displays the current price with a line 8 bars (configurable) long so that you can easily see where price is compared to previous candles.Having the right scripts can help you a lot in your trading. Individual craftsmen create their own special scripts that can be written in the terminal to create an individual indicator. The NYMO is the value of McClellan Oscillator showing market breadth based on the difference between the number of advancing and declining issues on NYSE stock exchange. To do this, you can use Thinkorswim’s thinkScript function, a suitable programming language that allows you to port your trading methodology to the platform. Most of these scripts are written in the thinkscript language, but where appropriate we might include useful files and programs. ThinkOrSwim Downloads Master List of FREE ThinkScripts Check out this HUGE list of free ThinkOrSwim downloads and thinkScriptsWith most of the indicators and studies I program for my trading, I put a lot of time and energy into them in order to make sure they’re professional quality and offer a premium value that they’re not just rehashing old chart studies that are already available.
This is a collection of useful scripts for thinkorswim. The ratios for NYSE and NASD can help you understand if the current trend of the day is bullish, bearish, or neutral. Thinkorswim-scripts - A Collection of useful scripts for thinkorswim.
The Breadth Indicators (NYSE, NASD, NYMO) script displays 3 labels at the top of the chart to indicate the values breadth values for NYSE, NASD, and NYMO.The Day Range (DR) vs Average True Range (ATR) script displays a label comparing these values which help you understand if the stock is trading in an expansion day or in a narrow range for the day.The Previous Day Values script displays the previous days Close (PDC), High (PDH), and Low (PDL) using distinct colors for each so that you can easily identify areas of interest for intraday trading.
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