Best Thinkorswim Studies for Swing Trading

Best Thinkorswim Studies for Swing Trading

Thinkorswim is a trading platform that was created in 1999 and purchased by TD Ameritrade in 2009.

Thinkorswim is known for its financial literacy services to help investors learn about trading.

The range of investor education products in a variety of formats including, instructor-led synchronous and asynchronous online courses, in-person workshops, one-on-one, one-to-many online coaching programs, and telephone, live chat, and email support.

Within the learning center, you can locate hundreds of studies for all types of trading. If you prefer swing trading, this list is the best thinkorswim studies for swing trading.

The Swing Three Strategy

The Swing Three strategy is a trading system developed by Donald Pendergast.

Using the most common technical indicators such as SMA and EMA, the Swing Three strategy is best used for high volume stocks and ETFs that show smooth regular swing and trend moves.

The main principle is entries are taken with the direction that is aligned with the trend.

This particular trend is determined by the 50 period EMA of the close price and also calculates two simple moving averages: SMA of high and low price to be used as signal signs.

The ZigZagHighLow Strategy

Designed by Syvain Vervoort as part of his “1-2-3 Wave Count” and “V-Trade” system is the ZigZagHighLow study. The ZigZagHighLow identifies and connects swing points if the difference between their prices exceeds a certain point.

A high swing point is a bar with a selected price more significant than the previous and the following bar.

A low swing point is a bar with a selected price lower than the previous and the following bar.

Once all the irregularities are smoothed out, the study plot is a zigzag line showing generalized price moves up and down.

The Accumulation Swing Index

The Accumulation Swing Index is a study calculated as a total of the Swing Index with the specified limit move. This study is a powerful tool for analyzing long-term trends than the Swing Index by itself.

If the long-term uptrend is observed, the accumulative swing index is represented by a positive value.

If a long-term downtrend is observed, the swing index is negative. If the trend is sideways, the accumulative swing index fluctuates between positive and negative.

The Swami Swing Wave Study

The Swami Swing Wave study is a technical indicator designed for Thermo Mode; it analyzes price action to isolate short-term wave peaks and troughs.

Like in all Thermo Mode-specific studies, shorter lookback periods reflect recent changes, middle-range periods are used for confirmation, and the longest ones signify the possibility of continuation.

There are many studies you can explore through Thinkorswim. You can sign up for Thinkorswim for free through TD Ameritrade, and the wealth of knowledge is incredible.

Sources:
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/A-B/AccumulationSwingIndex
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/SwamiSwingWave
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/A-B/AccumulationSwingIndex
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/strategies/R-S/SwingThree

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