Smart money index thinkorswim free reddit download. It suggests that investors and traders should follow the "smart money" instead of the "dumb money". Next, get a broker that supports day trading, TOS does not. Whether they change it to fit their eco system is the question. Oct 17, 2023 ¡ Identifying Head-and-Shoulders Patterns in Stock Charts. Also, day trading seems intriguing and thrilling, but you will do much better to look at longer term trades as the odds of being successful go way up. If you want to learn more about ThinkOrSwim and thinkScript, you can check out some of these resources: ThinkOrSwim Download Site - ThinkScripts & Indicators for TOS [Pre-Market Gap Scanners for ThinkorSwim (FREE) - thinkScript101] How to Create the Best PreMarket Scanner - Think or Swim Thinkorswim is a powerful trading platform that lets you trade stocks, options, futures, forex, and more. If anyone has knowledge of both any information would be appreciated. I think it's called style then settings then volume. A move above the 38. 65 per option contract. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. This in many situations could be grounds for termination unless your job duties include trading for a living. you've changed the default $100,000. This is the standard for market profile periods. RiseoftheLykins. Yes they will. 5 out of 10 to deal with multiple platforms. If you want to further manipulate the data it's easier to export to csv. I hope this helps you with your trading goals. Snuggles32. It will automatically show a graph for you and up top say âIndex:____â and thats the ticker symbol. # V001. The Schwab One Custodial Account is a custodial version of a regular brokerage account (so it holds after-tax money). â˘. Add a Comment. Your problem here is not IB vs TOS, but using a market order at the opening. Taking into account dealing with multiple platforms, for each function, you are back at a 8 or maybe even a 7. TD Ameritrade has been acquired by Charles Schwab. futures. tempread1. The Smart Money Index (SMI), also known as the Smart Money Flow Index, is a technical indicator which tries to gauge what the "smart money" is doing vs. I've been a full time trader for 5+ years and am entirely self taught. Apply this setting and then change the charts time frame to a 30 minute profile chart. Moving to free equity trades meant AMTD had to recoup that money somehow, and they did by not absorbing exchange fees on certain index options anymore, such as SPX. 5. A discussion subreddit for popular budgeting software You Need A Budget. They are 1/10 the margin of Mini's. 0 to 2. At the top change the chart mode to Monkey Bar from Standard. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity â directly from Fidelity Associates. I had a challenging time figuring out some good parameters for the Think Or Swim (TOS) options hacker. 47K Members. Others I recommend, are as follows: MACD, TMO, SMI (Iron Rod SMI), TTM squeeze, and custom signal that alerts when stochastic slow/fast has a crossover. I trade index options and futures (rarely stocks), and I was paying . Change this line of code: def trendColor = if bull_STC and momentumSwitch and smartOverlay then 2 else. ago ⢠Edited 4 yr. Sep 22, 2023 ¡ Hi, i'm the Trading View author, I had to thank you for converting and spreading my work, makes me glad! As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity â directly from Fidelity Associates. The amount of margin required, the $ move per point, etc. It does not use any funds at all, the second you go into On demand you will now because it will say simulated values. 2. Restart the computer. Jul 30, 2019 ¡ Code: # Choppiness Indicator. r/fidelityinvestments. Also, orders such as MOO (market-on-open) and MOC (market-on-close) are not supported in paperMoney. From what I see on this forum, think or swim has features that appear similar. So you may see quote on the screen, but the market isn't yet open on the exchange your order was sent to. You may as well hand $500 to the next person you pass on the street. Download - Thinkorswim The Smart Money Flow Index (SMFI) has long been one of Wall Streetâs best-kept secrets. Jan 11, 2024 ¡ Also the Squeeze pro just combines 3 settings you can change yourself on the TTM Squeeze. The community for Old School RuneScape discussion on Reddit. Make sure you understand the 3 levels of margin required by Tradeovate if you go with them. OnDemand is a feature of a funded live account for back testing and is not available on the paper side which is explicitly for paper trading the live market. You basically need to be in charts. Like $10k or whatever. shady broker somewhat. to realistic as close to your account. This is an indicator on an indicator. You can see, I am putting an order of $6600 and resulting buying power is negative and order also gets rejected. They said you don't even have to put anything in the account or make any moves through it, simply open the account and use the platform for the tools it offers. If those two things don't work, try uninstalling TOS, download a new copy (in case your first download was somehow corrupted), then reinstall from the new download. To be as close to your goal, make sure. 5 will result in much less squeezes. 2 The Market is considered CHOPPY when the index is above 61. I use both SSE and Tradingview. Download the desktop version for Windows, Mac, or Linux and enjoy advanced features, customizable charts, and live data. The unofficial subreddit for thinkorswimÂŽ. Call in and ask TOS for their list of Funds, or look at the website. If it still doesn't work, you'll have to call TOS tech support. StreetFighterVega ⢠2 yr. He has an excellent scanner and no other is needed. Almost everyone has heard of âSmart Money,â âDumb Money,â and the so-called âCrowd. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG. StreetSmart Edge gets an A+ from me. But thinkorswim is only letting me use around half of it. You have to trade in and out of them. Bond and CD trades on thinkorswimâs retail platform cost $1 on secondary transactions. $50 margin day trading accounts are fine but if you've only got $500 that's 10 percent of your account for one contract. Plan to have $2,500 in order to get a margin account that will help you make more trades if used responsibly. It took me nearly two hours to get TOS to download on a galaxy tab2 today. To: plot trendColor = if bull_STC and momentumSwitch and smartOverlay then 2 else. Assume any and all âfree publicâ internet traffic is monitored and captured. A bullish reading of 20 and below suggests that the stock is "oversold". IT Guy here. Monitor tab>account statement tab. 1. . No No longer free unfortunately New accounts require a $50 minimum deposit I also use and recommend ThinkOrSwim to everyone. #Hint: The Market is considered TRENDING when the index is below 38. ⢠3 yr. com and mobile experience to make it even easier to set up and manage a plan. There isn't any study or group of studies named "John Carter's". I have been using Edge for a couple years now but in the last year I was introduced to trading view. stock market. . Open an account at Schwab today. 0. 2 Level indicates a possible end to a trend and a move below 61. A Quick Breakdown. dejonese. 12. I believe that it can be a part of a combination of different indicators that also communicate to you whatâs going on. The weekly time frame allows us access to more Jdoe68. Jan 12, 2020 ¡ 2020-01-12. Related to personal finance, budgeting, money and financial matters. Sep 22, 2023 ¡ LOKEN94 said: I made a two sided version (see picture), using the same rules for bearish PA and signals as i previously used for bullish one. They all don't necessary open their option quotes at the same time. 03. While in charts you need to select settings for charts and turn the volume on. 0 to 1. If you fund your account, you get access to real time level 2 which can cost hundreds of dollars per month for a live subscription. Your filter condition is: trendColor == 2. 165 upvotes ¡ 463 comments. Change the Aggregation Period â ThinkOrSwim will make the time period daily by default, and we need to adjust that to weekly. (You must have noticed that the first code contained a lot of artifacts and Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. I get the Login ID issue where it just resets the text field when pressing continue after typing in my Login ID in the ToS desktop app. The studies included with Thinkorswim are listed in the manual. After getting it downloaded on the tablet, i realized that the quites didnt match when compared to the TD AMERITRADE app. Start with Micros. In English the steps you need to plot the Composite Index are the following: Step 1: create a 9-period momentum indicator of a 14 period RSI. Have fun and best of luck! 1. Release Notes: Alerts added. Going to free equity trades cost me money. If you have your own Thinkscript study, it's simple to add. money with 10 contracts of /ES for several ticks. Even if you use Robinhood for trading, you should check out Thinkorswim for analysis. Then download thinkorswim free. â. They have said that Thinkorswim will remain a focus. Do not use any non-work applications on work desktops, laptops, servers, smart phones or any other company property. grandmadollar. You can just up a Papermoney Account and call them for Live data. No. They said it was "Free" as long as you open an account with TD Ameritrade. Dec 17, 2018 ¡ Here I'm using two indicators that can be found right inside ThinkorSwim. ScottishTrader. varies with each type of futures. Clicking the header 'side' will group sell sides and buy sides together for you. I suggest that you wait until mid-day because they have the longest hold times near market open. Itâs here! Weâve added the ability to automate your stock, ETF, and basket trades on a recurring basisâweekly, every two weeks, or monthly. Now youâll get access to thinkorswimÂŽ trading platforms and robust trading education at Schwab, along with great service, a commitment to low costs, and a wide range of wealth management and investing solutions. # Mobius. (Yesâstocks and ETFs!) Weâve also redesigned the Fidelity. We need to make 3 changes in the code in order to scan what weâre looking for. On paper I'm worth a couple hundred thousand. For NASDAQ itâs COMP and you can do this in the future for other companies too. r/PLTR. Easy to make pretend. Since Feb, Iâve been researching and exploring platforms other than ToS so I have a good secondary broker. Problem solved. ⢠4 yr. Paper trading in TOS (called "On Demand") is a little hit or miss. From there change your laptop resolution. ORDER EXECUTION QUALITY: A major priority for me was finding a brokerage with the best options order execution. Top-performing money managers, savvy investors, and institutional asset managers rely on them. exchange-listed stocks, American and Canadian ETFs, and options (though options trades have a $0. /MES is only $1-2k. com and navigate to the Trading Platforms page under the Trade tab. Dec 4, 2019 ¡ This is not a one size fits all type of deal. ⢠2 yr. Whether you are a beginner or a professional, thinkorswim can help you achieve your trading goals. 5 will give the more frequent squeezes he talks about in his webinars and changing it "nbb" from 2. You can adjust range at the top. Navigating back into the settings and appearance tab Oct 25, 2023 ¡ The "Smart Money Breakouts" indicator provides traders with a comprehensive solution for breakout trading, combining technical analysis of changes in character and breaks of structure, volume insights, and performance tracking while dynamically adjusting TP and SL levels based on market volatility through the ATR. To start setting up market profile, navigate to chart settings and go to the appearance tab. I didn't openly published it for now, I feel like it could be more refined even if my code had become cleaner in the mean time. The Smart Money Flow Index (SMFI) formula is proprietary and not publicly available, while the SMI formula, developed by Don Hays, is as follows: Let's say Thinkorswim is an 8 out of 10 across all functions, and "best-of-bread" platforms, for each specific function, would be a 9 out of 10 rating (I never give 10 out of 10 - lol). 8. 2012. The Money Flow Index is calculated as a ratio between the total Money Flow over periods having the Typical Price raised, and the total Money Flow over all periods. Ken385. Sharing My Go-to Scanners/Quotes. 95 or â depending on the fund family involved â $75. A stock is considered "overbought" if the MFI indicator reaches 80 and above (a bearish reading). MM MFunds are considered a holding by all brokers I'm familiar with. However, their calculation methods are different. Fidelity is way better. Thinkorswim pricing is as follows: It offers $0 commissions on online, U. The SMC that these people have been referring to is just the misunderstandings of the public on what The Inner Circle Traderâs preaching of what SMC is. Learn how to use your favorite features and functions of StreetSmart EdgeÂŽ on the thinkorswimÂŽ platform. Well, except maybe Trading Ideas. This includes beginner questions and portfolio help. thinkorswimÂŽ is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. yellow color if it moving from negative value to positive value under zero line. I want to have a little debate about brokers here for Futures. You need to go over to the live account to use it. trading hours. Non-professional clients Professional clients Streaming News Free $99. Such indicators play a crucial role in our market regime research. The iOs app still works. Its a built in indicator for TOS. Hello everyone. Jul 29, 2019 ¡ True Strength Index Indicator for ThinkorSwim: Indicators: 35: Feb 7, 2021: B "Threaded Needle Cross" (Didi Index) alerts and MTF Scanner for TOS: Indicators: 15: Dec 11, 2020: LazyBear's Intraday Momentum Index for Thinkorswim: Indicators: 7: Nov 6, 2019: S: Smart Money Index (SMI) Indicator for ThinkorSwim: Indicators: 29: Oct 27, 2019 The unofficial subreddit for thinkorswimÂŽ. Absolutely not. true. The NO, IT IS REAL!!! Let me explain why. I have been unable to log into ThinkorSwim's Windows desktop program since the transition. No cost to set up an account. These are the subscription fees, notice for non-professional traders it's free, call back and talk to someone else, 500$ in the account turns on real-time data, well worth the investment. Mar 24, 2023 ¡ It charges nothing to trade stocks and ETFs, and options cost $0. There are 16 different options exchanges. I applied to work for TD Ameritrade and Charles Schwab is buying out TD Ameritrade not only cause of the clients but because of thinkorswim. I go to try and download a new version of the program thinking that might resolve it. Money Flow Index which is often known as MFI will show me when a stock is oversold or overbought. 65 per-contract fee). As you can see in attached SS that cash left in my paperMoney account is $6770. Download and install thinkorswim. There are so many to choose from. If you're a newer user to TOS, and you want a place to start from, here is a scanner that I setup finally with a lot of cross-referencing users here on r/options as well as online scanners. Step 2: create a very short 3-period RSI and then a simple 3-period moving average of the 3-period RSI to smooth it slightly. 00 NASDAQ Level I Free $24. need2sleep-later. 00 Totally worth $1. 4. My brother is a manger at Schwab and he has stated before that they plan on ditching it all together. ago. CD ticker is CUSIP. Oct 27, 2019 ¡ The Smart Money Flow Index (SMFI) and the Smart Money Indicator (SMI) are both indicators used to identify the buying behavior of institutional investors. There have been a lot of posts lately of people looking for studies/indicators/scans to If you're trading Futures on a small account, you shouldn't use ThinkOrSwim. WELLS FARGO BANK (SD) Non Callable, CUSIP: 9497636A9, paying 4. S. It's best to keep the interface less bogged down by data. else 100 * (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength)) / doubleSmoothedAbsDiff; Jul 23, 2022 ¡ MCDX is an indicator based on mutilple relative strength index (RSI) with different period, then classify into 3 categories - Retailer, Hot Money and Banker Green - Retailer Yellow - Hot money Just type in Nasdaq on google. Top 2% Rank by size. Run it again. The two indicators are Money Flow Index (MFI) and Directional Movement Index (DMI). TD Ameritradeâs thinkorswim platform, for example, explains that their paperMoney version differs from their live version in these ways: There is no after-hours trading, so your paperMoney orders are filled only during U. The âSmart Money Conceptsâ that the people in the comments have been referring to is NOT what SMC really represents. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Not trying to be a jerk, but objectively compare for a moment my experiences for anyone out there who is searching for trading Futures on small accounts (I'll define that as < $5,000) NinjaTrader The download is free, the scanning, alerting, charting capabilities are top notch. Purple color if it moving positive value to negative value above zero line. 75% etc. Mutual funds that are not on TD Ameritradeâs extensive no-fee list cost up to $49. Feb 7, 2021 ¡ Its called True Strength Index. I think it's great. This is how to setup a scan for cyan candles. Identifying so-called head-and-shoulders patterns can be tricky. It's basically the foundation settings for your charts. Nov 14, 2020 ¡ Smart Money Breakouts [ChartPrime] for ThinkOrSwim: Custom: 14: Oct 19, 2023: Repaints MTF Dynamic Money Flow for ThinkOrSwim: Custom: 0: Jul 7, 2023: Inflow Outflow Money Flow - Notional Value Indicator For ThinkOrSwim: Custom: 5: Jul 2, 2023: ICT Donchian Smart Money Structure (Expo) for ThinkOrSwim: Custom: 7: Jul 2, 2023 If I'm not mistaken you need a minimum of $12650 on ToS to trade a single /ES contract. 56 Online. Windows users seem to be affected ones with this. Okay so it's hard to explain without sitting in front of one. what the "dumb money" is doing in the U. Yes, it is momentum on RSI, not price. There is trade history section that you are able to see past trades. 65 per contract. If you would like to try out thinkorswim before making the switch, you can try paperMoneyÂŽ, a simulated account offering that allows you to experience what thinkorswim has to offer completely risk-free. Account's free and you can use the paper trading function. They also have custodial versions of traditional IRA and Roth IRA accounts to save for your retirement (it's never too early to start) if you already get earned income from a job, as well as 529 and ESA accounts to save for your Oct 19, 2023 ¡ Author Message: The "Smart Money Breakouts" indicator is designed to identify breakouts based on changes in character (CHOCH) or breaks of structure (BOS) patterns, facilitating automated trading with user-defined Take Profit (TP) level. Schwab doesnât display all tile and sales and also their level 2 doesnât show everything. You need a good machine to keep things running without freezing. To launch paperMoney: Log in to Schwab. In the TTM squeeze available for free on Thinkorswim, changing the "nbb" input setting from 2. Trading view is amazing compared to street smart edge. A lot is actually left out. Go to think or swim install file > properties > compatability > change settings for all users > change high DPI setting (at the bottom) > override high DPI scaling > change to system and press OK. 8 indicates a possible breakout from a period of consolidation. Click the tab that says âthinkScript Editorâ and paste the Anchored VWAP code. You can still open an account at TD Ameritrade Jan 29, 2024 ¡ You didn't say what you are scanning for. While data is visible on the screen top right is 3 bar Jun 22, 2021 ¡ According to its pricing page, TD Ameritrade doesn't charge platform or data fees. If this applies try reinstalling TOS and to make sure workspaces unaffected in the install wizard click "Update Existing Directory". mm wn ko ip sl hp uw tp oy ny