Scalping on tos. Microfutures and SPX supported.

Scalping on tos Because most trend indicators use some sort of moving averages. Can view the auction very clearly. Microfutures and SPX supported. Click the Letter of the contract you want to send to Red 1. In this article, we’ll take a quick tour of how to scan for trades using ToS. My goal is small gains daily to build my account over time and limit my risk. If I was a scalper, BM would be my execution. There have been a lot of posts lately of people looking for studies/indicators/scans to use, and some people considering paying to get these tools. mx/EKcjdUUDiscover day trading on Thinkorswim, indicators, best stocks, live tips, candlestick patterns, volume analysis. Code, screenshots of example 1 minute charts The official unofficial subreddit for Elite Dangerous, we even have devs lurking the sub! Elite Dangerous brings gaming’s original open world adventure to the modern generation with a stunning recreation of the entire Milky Way galaxy. I’ve heard TOS is pretty slow at filling and executing, which is obviously very bad news for someone like me. LNL Scalper Arrows The indicator consist of various different types of candlestick patterns that are truly time tested by multiple veteran traders. Then look for ToS desktop and the download link. L2 data is useful for scalping and daytrading. Designed for NQ 1m, but I see good, bigger trades on 2m as well (I have only (In my opinion scalpers especially favor cum delta volume because it shows the internal tension in a moment by moment unfolding process. I've got 1gig fiber, cat6 hardline and a rocket of a pc and still struggled with scalping on TOS. 1). karstenharrington • Additional comment actions Scalping is my main strategy and I’m in and out usually 1-15 min. Download our free and premium ThinkOrSwim indicators, and turn TOS into your personal trading assistant. Scalping is a high-speed trading strategy that aims to profit from small price movements in the financial markets. Trader_Rich Member. Reply reply The tos web version is simple. It’s arguably the best charting software out and is very comprehensive and has room for all levels of traders. Most scalping techniques aim to identify extreme moves in price action. My Red/Green Candles are coordinated with the oscillator Update: I removed the color from the indicator. ly/scalpingtradingst Scalping in itself is picking up "pennies" for a short duration. I have scalper friends who use Fidelity primarily for the Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. I have changed this lay out over a 100 times until I got it to fit perfectly with everything I need and exclude all extra noise. My advice for ToS: Use the analyze tab. 1. The ES is currently trading at around 4040. In this article, we’ll explore some of the most commonly used indicators for scalpers on [] https://zerotoherotrader. To refine their setup before risking money, we recommend forex scalpers use a broker that offers a demo account. 👉HUGE FALL SALE ON ALL MY TRAININGS! Learn how to create your own strategy, Get crash courses on TOS, Webull, Tradestation, Tradingview, LIghtspeed, and tas You can setup ToS to trade options faster using the Active Trader sidebar and the Linking capabilities of ToS. 50 or $202,000. X0q1Npm. TTM Scalper looks so good because it uses Future Bars to confirm the pivot. This is the original TOS PivotPoint Indicator (pink doted line shown in image) and was wondering if there is anyway possible this Stop scalping SPX, if your returns aren't covering the fees? The exchange fee for SPX is from CBOE and most (all?) brokers will pass it through to you. These indicators are your go-to resources for making informed decisions and orders. com/threads/bollinger-bands-and-stochastic-scalping-indic The below TOS indicator attempts to determine likelihood of an upcoming reversal, pullback, or scalp opportunity from a 1 min chart. I've been having ridiculous issues with the active trader while scalping options. Reply reply Thank you @GetRichOrDieTrying for the video and sharing. Sort by: Best. When discussing fill problems on ToS with people I usually find out their expectations are out of This is a scalping strategy I'm testing with Renko, Heiken Ashi overlay, TMO, Matrix & MACD RENKO MATRIX MAGIK Shared chart: https://tos. 06. 0 05/18/2017 comment-out labels except for the ATR label \nrev: 1. This Set-Up Help Me Place 1500+ Orders Per Day On Average. But it is all about price action and reading the candle and tape. Opening Range Breakouts. You need to acknowledge their weaknesses though and make sure your strategy isn't dependent on attributes that it cannot provide like scalping needs speed/tos is slow etc. I currently use ToS but it takes me several seconds sometimes to get a fill and often leads to me missing a trade. alternatively. 3. This strategy is based on Mobius's TOS chat found on JohnnyQuotron's OneNote View attachment 953 Mobius states that the three indicators should be positive, on three timeframes. I wouldn't worry so long as you aren't opening dozens of instances at once. Yeah TOS has some of the best tools, but the parent company TDA sucks. - Price pulls back, grabs your order then goes in your direction where you can quickly scalp for 10, 20, 40% scalp or let it ride w/ the stop moved to breakeven or small profit Reply reply more replies. Can anyone please share TOS Link for this strategy ? I am not able to setup correctly for some reason in TOS. Did a couple of scalps long. You’ll need a Schwab login/account to use ToS but it’s free. Timing entry into a runaway market is haphazard at best and can be akin to stepping in front of a freight train. It was based on something I wrote for Ninjatrader that allows for gradient color across a whole column on a watchlist to show warmth of a ratio and this originally duplicated that duplicating that but #Hint: GAMMA SCALPER input Length=20; #hint Length: On intraday, this is the number of days used to calculate the atr. All Collections. AAPL. I do most of my scalping with Futures on Tradovate, charting on TOS and scalp options on Thinkorswim. I like AMP for futures and Ninjatrader for charts using CQG. Here's the code: Other platform that is nice is bookmap with rithmic and mbo data for scalping. If you are asking how the ToS PivotPoints is calculated, ToS does not share the code for that particular I've been doing research and it's come to my understanding that there are 2 possible disadvantages to scalping stocks on TOS: Accumulation of "misc fees" (averaging out to $2-$3 per trade for me) Lack of direct market access, even for limit buys/sells Watch me do some scalping on the one minute chart and let you know what I am thinking and what I am doing as I buy and sell in fast fashion I just started on the TOS platform yesterday. Keep them coming!!!! @uawgmsmco @BenTen I was able to be at my computer Monday and took my account to the plus side for the first time using the scalper on the micro E-mini. A good scalping indicator for entry and exit is the TOS indicator "VossPredictiveFilter" with default settings. Reply reply Top 1% Rank by size . Last edited: Oct 21, 2021. Re: your other question, it's not quite the same as TOS's TOS seems to have a 1/2 second lag in updating option chain prices. Options Page - Options on Yellow 2 . Entry 1 made my day. I currently average $500/day. I know some scalpers use TOS for charting and others like speed trader, tasty works and e-trade for their trades. Scalper Alert scan in TOS. I was done by 10am and I Has anyone used TOS and switched to a different broker or went from a different broker to TOS, this is the only one I have used and would appreciate some feedback on it regarding especially execution speed. On TOS, have templates setup, just triple check on what the selected. Last edited: Dec 16, 2021. FAQ. Learn more trading strategies here http://bit. Have your own idea? Let us help you turn your trading strategy into a powerful indicator, scan and backtester. TOS is the gold standard IMHO for options trading and has a lot more features than the stripped-down TW (again, some want stripped down). It can be used as an additional tool for determining the entry point into a trade when a level (or trend line) is broken, a rebound from a level, or when working with large limit orders. Lightspeed is incredibly fast. Between verifying supply and demand zones on SPX with TOS, and then using Bookmap Scalping helps no-one, and these listings are misleading, some even claiming that they will ship the item within 24 hours. Not all forex trading platforms allow scalping, mainly due to the strain that this high-frequency trading system can place on their platforms. Reactions: tucan, HopStanD, tomeh100 Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators indicator that works the same regardless of a time frame. Average True Range All the above indicators are available independently, but as per my experience combination of all these will be very good support for scalping. Scalping indicator: http://tos. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim Pricing Log in Register Here's a screenshot of the layout I use on my main screen when I'm trading futures. Ultimately the chart isn’t as relevant as your planned out set ups, in other words as I've been using this as a scalping strategy on /YM the past couple weeks on a 1-min chart. This is a good time to ditch ToS and try something else. Traders must have a clear entry and exit strategy for scalp trading. "PivotHigh" is TD Ameritrade TOS, ThinkorSwim Ultimate Day Trading or Scalping layout . mx/oPNNH5K show both the Replica and actual ScalperAlert indicators, which usually plots an arrow before the Replica plots the pivot. I just drop Tradovate's ladder next to my main chart view in TOS, so it's pretty seamless. How to trade As others have stated, fills are different, psychology is different, and I don't think that TOS paper trade platform accounts for commissions, which can be considerable when scalping options. I know that isn't it's 100% intended purpose, but it works so well. It’s more about getting live data versus the chart timeframe — if you’re scalping and watching flow. There are “better” brokers out there offering less commissions/fees especially if you are scalping. Hope you enjoy the journey Stay tuned fellas. Graphs and walls of numbers like tradingview show much better on a full size nvidia card with their native drivers. I tried practicing that way for Forex scalpers tend to focus on 1-minute or 5-minute price charts. 13,000+ stocks and ETFs supported. Once identified, scalpers take a position in the same direction or in the opposing direction. 0 05/17/2017 plot standard deviation of true range offset from hod and lod. I do play CALLS and PUTS fairly equal. You can import this shared workspace. com/freedomalgo/aboutVisit https://freedomalgo I recently came upon a nice scalping strategy: . You put out the best TOS thinkScript tutorials. png. 2012 # jpwel added alerts 06/26/2015 # Sleepyz: added highpivots/lowpivots code from Went from webull to tos to lightspeed. Any scalpers (or anyone) here have any insight? comments sorted by Best Top New Controversial Q&A Add a Comment. and brooks also says that if you are not yet profitable then take only H1H2 L1 L2 trades in a reasonably strong trend. TOS does not use the true volume profile, it is aggregated by time However, with indicators, scalpers can have better control over their trades than F1 racers can over their races. Hopefully they become more competitive when the Schwab merger is complete for their futures trading. Script shared by Day Trading for SuccessThe professor on youtube for free the brand-new Scalping Indicator that should help all scalpers profit much easier. Code / script to use in the stock hacker in ThinkOrSwim to scan for The TTM Scalper Alert. This is combination of Most powerful indicators available in the market 1. Workspace TOS . I use the built in Bookmap with TOS as well which is cpu/memory/gpu intensive. Whether you're a day trader or swing trader, the accuracy and performance of this The TTM_ScalperAlert is a great tool for runaway markets. Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks I like the TOS platform and the Tastyworks brokerage. Winning is Critical. What's up everyone; I want to share with you guys my day trading layout on ThinkorSwim. warmth of a ratio and this originally duplicated that duplicating that but it is not sophisticated enough to work on TOS. Pricing. The example code given in the article runs on StockFetcher. In the past i wasn't able to use the scalper because i traded from my phone. The highest setting is 128 GB of RAM. Also, I’m assuming you are using TOS for futures. I'm playing with TOS scanner and looking for some good input on scanner setting. skool. By waiting for a scalper alert to fire off, a trader can be sure that momentum has at least paused and allows an entry at a possible turning point with a precise risk reward ratio in place. I've been a full time trader for 5+ years and am entirely self taught. There are 6 scalping indicators for ThinkorSwim that you can use to make small quick profits in the market. scalping is only profitable if you take highest probability trades. But I typically sort by volume so the same tickers stay on top of my lists all day even if their move is over and done with. Ronin13 Member. As far as length of trade, I set a sell limit for $1 over the premium purchase price, as I scalp optionsnot a long holder of them. and put this indicator on my TOS and it goes on fine, but my candles disappeared. The indicator is easy Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim Pricing Log in Register Technical analysis tool with charts for crypto trading on Binance, Bybit and OKX When it can be useful. Right now I have Stock price $1-$20 Volume min 500K Stock % shared workspace link: https://tos. Nov 4, 2023 #2 Hello everyone. Is having a strategy that performs well on a paper account and OnDemand enough to bet that all will go well trading live? Appreciate any feedback, thank you in advance. you can almost guarantee 75 cents to a $1 premium increase. This amazing indicator tells you when to enter and exit a trade. TOS standard VWAP setup as thick dashes (white) on my chart . VWAP is the only indicator worth having on your chart. r/options. The TTM_ScalperAlert 5DMA Scalping Strategy with Indicators for Thinkorswim . Indicators allow scalpers to make quick decisions following the potential price trends. It is also known to be a port where malicious viruses can infect your computer, so make sure you have your protection up and running. The reason you can lose and gain money so fast with futures is because they are HEAVILY leveraged instruments. I'm also currently just paper trading on TOS so I can find my preferences and get comfortable with the platform. Any signal will be at minimum 3 bars late. Got it? I know. colorless version is I dont scalp and ive heard ToS is not good for scalping but if you want to set your entry and exists and hold anywhere from a few minutes to a few days you abould be fine if youre looking at seconds you probably wont like it You don't have very many choices for the scalping timeframes. But with this logic/setup. For Scalpers/swing traders, What are your best indicators, news, or any other resource you use in TOS for help? Read above Share Add a Comment. many novices and traders erroneously believe scalping is trading for small profits. Positives Excellent charting on ToS News feeds in ToS somebody, either Sosnoff or APEX is scalping 1 or 2 cents on each trade versus almost instantaneous clearance by ToS ToS also has unparalleled scan capabilities and a huge library of charting studiesplus the ability to Check Our Website: https://TradingMadeSimple. I am assuming I am coding something incorrectly for the alerts since I am a beginner ToS code writer still. It is so slow when it comes to executing orders, you are bound to lose money because of it. To become a successful Forex scalper, one needs self-control, attention, and discipline. For readings, several indicators are combined into one, which allows you to get a more accurate forecast. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. I use the ActiveTrader with auto send orders for quick entries and exits. My label only shows Green/Red for trend up/down. Patterns can be found off both. ---- Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. Whatever signal a TOS trader uses to drill down into the Hi all! I came across this "HOAGIE" scalping strategy: I see a version of this in Trading View called LNL SCALPER ARROWS Search titles only If someone is willing to convert this code to TOS, it would be much appreciated!! Thanks! Last edited: Oct 17, 2023. I have a 64gb, but likely going to swap for a 128gb since I'm using multi-tasking. Is there another platform that has a virtual feature like TOS OnDemand for actual trading after hours that functions the way we’re discussing here? I too thought OnDemand was for practicing as if I’m live trading after hours? I want to trade live during live hours not have to trade in my sim during live hours. The problem with TOS paper money in general In this video we’re going to learn how to trade options using the active trader on ThinkorSwim. Congratulations and stay green! - pandaloco/DTS_SCALPING_INDICATOR_-MMC The below TOS indicator attempts to determine likelihood of an upcoming reversal, pullback, or scalp opportunity from a 1 min chart. Trend Squeeze. I have a love hate relationship with TOS. Including custom indicator scripts. Think like the greatest traders EVER in history, Steve Cohen, Michael Milken, The flipper and on and on. I just couldn’t stand it when even if I bought/sold market on tos it was just chilling on the candle sometimes for multiple seconds before finally filling. To download ToS, head over to Charles Schwab and click Tools and Platforms. I’m looking for a scan later in the day that identifies current stocks that our volatile to try and scalp wide range bars. Main Page - With SPY on Yellow 2 and Options on Red 1. gg/nykg3b9yMGTwitter: h This video shares a professional Day Trading layout for thinkorswim. ITS A STRUGGLE. Happy Hunting! Related Topics Steam Deck Steam Gaming comments sorted by Best Top New Controversial Q&A Add a Comment. Makohunter3 New member. I agree. Buy workflow*: Double click ask in desired strike in options chain (takes me to order ticket) Order already set with most common quantity and set for Market useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. M. It produced positive expectancy! On a $50K sim account, here is the summary: Platform: TOS Realtime Papertrade Simulator Underlying: TQQQ Time Frame: 1 min Method: @volpri's scalping methodology Results: 1. This week thought I had a 15% trailing stop for an order, submitted with only the order, not trailstop. Things have been going very well for me and I am getting ready to start trading live (real money). Which We All Have Just toggle through the different cases using SHIFT +F3. I am used to working with hotkeys on another platform where I can use BUY AT ASK+. com/c/options-insider/youtubeOptions Insider: https://www. Scalping is a trading strategy designed to profit from small price changes, with profits on these trades taken quickly and once a trade has become profitable. TOS has a good risk analyzer tab for this strategy. Many scalpers rely on the repainters. They are contra-indicated on 5min charts and below. I use strictly the "BUY the ASK" and "Sell the BID" buttons - it's been executing the limit order way outside of the spread, so I rarely get filled trying to open or close a position. com, but I'd like to to convert it to a scanner on TOS. This Agree. Moving Average 3. Let’s take a look at how TOS handles the demands of scalping stocks. The column and number still work perfectly well to show the distance between price and the 5 Daily SMA and can be sorted as originally posted. They help traders analyze various aspects of trading such as price, volume, and volatility. I don’t use market orders. --------------------------------------------------TraderLog ( Join the free Discord Server: https://discord. Scalping on Webull Paper Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. ) spy and index options. Attachments. That's points, not price. Signals for entry and exit is when the Voss filter crosses the Bandpass filter. i hope our @samer800 take a look at it when he get a change! thank you in advance to all. Track it. 140 KB · Views: 799 Last edited by a moderator: Jul 23, 2019. I actually like the TOS platform, just hate the The active trader tool on ThinkorSwim is mainly used by Day Traders and scalpers. rlohmeyer Active member. Step-by-step tutorial with code, insights, and tips for optimizing your trading strategy. samer800 Moderator - Expert. Lock in your strike. More posts you may like r/options. It requires precision, quick decision-making, and a keen understanding of market dynamics. There are no alternative look really nice for scalping. You can of course also choose the market TOS for Option Scalping SetUp. These arrows are a combination of short-term scalping strategies taught by Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. This is my first time hearing about the script, but Half Trend seems to be quite popular among Forex traders. They’re not just lines on a chart; they’re data-driven insights that can give Half Trend is a scalping indicator for ThinkorSwim converted by developer Mobius. org/autopilot Live Tra This powerful TradingView indicator, built with Pine Script, provides precise buy and sell signals with an impressive 85% win rate. Let’s Trade Together! The Alpha Academy👇https://whop. Scalping, for me, is playing an option for a quick profit, can be a matter of seconds to minutes but not to extend beyond the actual day in question. The scripts are phenomenal and custom sharing is sweet. Dec 15, 2021 #2 15 DEC 21 I tested it today. Code: # Mobius # Mobius on My Trade # TTM Scalper Replica or High_Low_Pivots # V001. Scalping requires much more time and accuracy than any other The type of trading I do is scalping a few option calls or puts for large cap companies and I sell within a few mins of buying. Thanks! Author states: SP Indicator - One of the best indicators for scalping trading on any timeframes. Submit Project. The only reason I don’t scalp futures on TOS is the fees. Also Talk About How To Fix /Deal With Think Or Swim Lag. In this video we introduce an effective and highly profitable trading strategy - scalping. The best readings are given on 5, 15 and 30 minute frames. But for someone who does intra-day trading, and open/closes positions in a matter of minutes or even seconds, ToS is terrible. I entered at first arrow, added at double bot. Reactions The perfect 1minute layout URL: http://tos. Lifetime . Charts are very primitive on Lightspeed but I use tos for charts and to visualize the overall market. Perf if you're a TOS veteran, your input would be appreciated. Is there a fix for this issue? wtf_dude Well-known member. 2. gg/SGdcRfpbKMJoin our community and courses at https://www. Turns out they have been charging me Misc Fees per tradeadding up to about $200 a Repaints Scalping High Low Trading Tool For ThinkOrSwim: Custom: 4: Nov 19, 2023: Day Trading / Scalping - Entry and Exit For ThinkOrSwim: Custom: 3: Apr 22, 2023: Q: Repaints Trend Following Strategy with Stop Loss and Take Profit For ThinkOrSwim: Custom: 2: Jul 13, 2024: Q: Price and Volume Breakout Buy Strategy For ThinkOrSwim: Custom: 3 Futures are margin only instruments. Here's what I do. S. Most of the features used by active day traders and scalpers are present on TOS, which is why it has become so popular with active traders. Thanks in Advance. ToS does not provide the ability to capture inter-candle activity. 0 2020-07-26 System Components Upper Chart Panel Renko Bars I use Renko Bars for scalping and day trading rather than being fixated and totally consumed by Please HIT that THUMBS UP for the video! Thanks for watching!!Socials: Join our Discord ONLY $99 for LIFETIME access: https://discord. They are the fastest way to catch trends: read more: I was in your same shoes a few months ago, learning scalping and wanted to focus on MES since my account wasn't huge only 2k starting out and figured out quickly not worth trying to scalp MES on TOS because commissions are too high, you need to look for a broker that offers special commissions for micros such as tradovate, amp futures, a few others. After not getting a signal early on /ES, I focused on /YM and /CL, all of which were profitable. I've had the ToS order book running on windows and mac mini side by side, didn't notice any lags but I only did it for about 20 seconds for one ticker. "PivotHigh" is true within 5 bars. Instruction. Utilizing accurate indicators can potentially enhance a scalper’s success rate. com/shop ----- Get Our Proprietary Thinkorswim Studies!In this video, I'm going to show you how to use Active Trader in the Thinkor I've been scalping the SPX 0DTE for the past few weeks in my paper trading account. What’s your scalping strategy? Probably something similar to Persons Pivot Strategy. org Trade Automation to Earn a Passive Income on ThinkorSwim: https://tradingmadesimple. These videos are for Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. The fast-paced nature of forex scalping caters to energetic, stress-tolerant active traders. The image and the link https://tos. To elaborate you can find good scalping set ups if you have the one, two, three, and five charts open following price action although your price levels as I’m sure you’re aware should be set off daily, weekly, monthly. Using 5 ema and 13 ema on a 3 minute chart . People do build quite complicated workflows on ToS. TDA/ToS. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download Basically, Sell higher implied volatility and buy lower volatility dated further out. . Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. mx/YqgGcRlDTS ADX Trend with Alerts URL: http://tos. Upvote 0 Downvote. I scalp options 80% of the time on TOS. Skip to main content. SPY, QQQ, TSLA, IWM, AMZN, FB, and then whatever stocks have a lot of attention like GME. I know I'm a couple days late, but ToS papertrade options fills are way, way inaccurate and do not represent how those fills will go on live at all. Lastly, some scalp traders will follow the news and trade upcoming or current events that can cause increased volatility in a stock. Apr 5, 2021 #1,042 I had another great day scalping using this strategy. I’m scalping ITM long options near delta 1 on Spy using market orders for entry and exit on strikes with tight bid/ask spreads. 😝 I used to get all riled up over TOS and this goes back 10 years ago when I sent an email to Tom Sosnoff who was working for Ameritrade as a VP because he sold TOS to Ameritrade so they kicked me out of Ameritrade for being so irate towards towards Sosnoff cheers, I day trade options in TOS, it's not exactly the fastest process given the number of steps and I'm wondering if anyone has a faster way that mine. Not even sure if it’s a viable strategy tbh. //tos. It's still open and used for swing trades and retirement account, but moved daytrading to lightspeed. Their all-in-one suite of tools Scalping is a trading style that specializes in profiting off small price changes and making a fast profit off reselling. com/the-alpha-academy_____DISCLAIMER: I am not a licensed financial professional. Lightspeed is much better because it doesn’t sell order flow and I get ecn rebates for limit orders I use TOS to scalp this same way and my trade count is on average 1100 trades a day. Open comment sort options As a fellow scalper/swing trader, I find that using Lune Trading's premium trading resources has been a game-changer for me. GoodDayTheJay Some light use so far on my MBP M3 w/ TOS and all seems well. Scan script. Looks like it worked, Option area on main chart page. It includes the indicators and the setup Learn how to create a Post-Election Backtester in ThinkOrSwim to analyze market volatility after U. Although they are good indicators, it doesn’t mean you won’t take the time to analyze the market because various factors affect it. Also, they correct themselves, so you may get a buy/sell signal, but then 10 seconds later it disappears, as the oscillator corrects itself. Reactions: Beltrame1. Puzzleheaded_Lie5232 You're pretty dependent on 2 things trading on short frames, graphs and level 2 book/time and sales. Designed for NQ 1m, but I see good, bigger trades on 2m as well (I have only Unlike IP connection can be lost, and packet data can be skewed. Central Pivot Range 2. Would you share your TOS workspace with us? Reply reply [deleted] • Comment deleted by user Scalping with 1 minute TF is gambling and if you are lucky you make money. It’s very rare that a scalper will monitor charting time frames that are longer than 15 minutes. The main idea is to understand direction of an underlying's move. What is the best way to accomplish this in TOS?. mx/l8eNX0kThe Perfect 5 Minute layout URL: http://tos. Today I traded NVDA options and the spreads were wide and market orders would have guaranteed a bad fill price. mx/DS1AC A short-coming of the ToS strategy is that the calculation of P&L results can only be computed after the candle is closed. I think oscillators are more effective for I use ToS and I scalp options. It's by far the quickest way to trade in and out of stock and futures. Rinse and repeat until you find what works for you. Hotkey Support; Charting; Custom Scans; Direct Routing Code / script to use in the stock hacker in ThinkOrSwim to scan for The TTM Scalper Alert. ToS might be good for short, mid, and long term investments. For options on AAPL, SPY, QQQ, etc I have no problem with the spread, fill price etc. TTM Trend Label: The TTM Trend (free oscillator on TOS) is a lower oscillator showing a four color movement. I usually scalp the same 10 stocks. New comments cannot be posted. You do need a stock that moves enough to actually scalp with options. The sole method for ToS strategies to accurately compute P&L results is to wait for the current candle to complete its close. TTM_ScalperAlert("min swing" = 0. Hi - I use a scanner for options scalping daily using a custom relative strength indicator - I both think it might be helpful to others and could use some suggestions. Now that you have the software open, here's how to scan for trades using 5 different hourly volatility models (including Scalper) Supported on ThinkOrSwim and TradingView. In TOS I am using BUY AT ASK (limit order) and SELL AT BID (limit order) because those are the only limit orders available in Active Trader as BUTTONS. Unlike a number of day trading strategies where you can have a win/loss ratio of less than 50% and still make money, scalp traders must have a high win/loss ratio. This works for him and obviously takes all day staring at charts, getting a feel for the I recently came upon a nice scalping strategy: I coded it for thinkscript and figured I should share it with all you wonderful people here. Hit my profit target at POC (at that point POC was mid of overnight range) Welcome to our ThinkScript tutorial where we explore the critical importance of creating custom buy and sell indicators based on your own unique trading strategy. It's a combination of things I've found on here over the years (so if you were the original author, just let Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download @TraderKevin I wrote some My premarket scanners are good, as well as early day. The TTM_ScalperAlert Good Morning ironchef, See my answers in red A Hedge Fund Manager at Goldman Sach will fire you instantly, if you showed him $6K profit and he gave you $50,000 to trade with 6 months ago. 10. That brings me to my next question. Your best bet is to either not scalp SPX on TOS or find a commission free broker that allows SPX trading (you'll more than likely still pay the exchange fee, though). # This strategy counts a number of lower highs then after the last candle that price crosses back above lowest high triggers the buy signal and sell signal if the price crosses below the 9 ema or closes below the close of the This is my Think or Swim (TD Ameritrade) screen setup for scalping SPX and SPY. You shouldn’t need Bookmap to know where long term liquidity is. presidential elections. One of the best scalping indicator that uses Bollinger Bands and Stochastic: https://usethinkscript. See below script that can be used to make a custom scan filter in the TOS Stock or Options Hacker. mx/YqgGcR Discord: https://whop. In this video, we delve into the world of ThinkScript, a powerful scripting language used within ThinkorSwim, and discover how you ToS has a settings button on the login page and you can specify how much RAM you allow ToS to use up. mx/DHOcwrT V1. Now for the bad part every update for over a year has made it worse. Reactions: Peace2019 and korygill. Make sure the Contract was moved to Red 1. But for example, NVDA yesterday and TSLA today, you could have safely stayed in for a few hours, hell all day but at least a few hours. co/profile/TheOptionsInsiderRobinhood Referral: https://join. Indicators. If you aren't doing those, you don't need it (especially for options pricing). 20 cent moves or potential full reversal points for a hold and run. If scalping is the only thing you want to do you need to trade futures ideally. I don’t think it really is possible to scalp options. VIP . However, when you click buy a order popup comes up and you can see the bid and ask prices and a line to move to adjust the price. Scalping requires a trader to have a strict exit strategy because one I think td Ameritrade or tradestation is probably the best cheapest combo to learn to trade on. Does anyone experience lag for scalping after doing this? I am a day trader 1 minute time frame, so zero lag is important for me on TOS This indicator developed specifically for the use of scalping trading. The Volume profile is another one, but in Ninja not in TOS. Some of the concerns that come to mind is that something unexpected might be different when I start trading live. Add stimulated trade. Moving averages are a lagging indicator. fan, where I've heard from a friend that he broadcast his day trading via Youtube and if you're not one of his premium members you get a delayed (3-5 mins) broadcast meaning he can exit earlier from the trade and if you're following him on same trade you might be left Maybe if you are into scalping, but don’t get hung up on the liquidity you see on their videos - the majority of the time it moves around so fast and you have no idea what is spoofing or not. I am not really a Warrior Ross C. So I don't wait for an exit signalunless its swinging back quick and common sense tells me to get out. robinho The TTM_ScalperAlert is a great tool for runaway markets. Ive been scalping the SPX with 0DTE contracts. Ive been practicing this strategy using active trader on both my paper account and OnDemand. TOS has relatively clunky aggregate data compared to a live feed. Not swinging, mostly scalping. mx/Qimvmh . Trade Futures With an Edge. I coded it for thinkscript and figured I should share it with all you wonderful people here. This will show you the secrets of how the pros set up their 1- and 5-minute charts to help them I am happy to promote these books published by the Million-Do This video is not financial advice and is only for entertainment. On interday, it is the number of chart aggregation periods used to calculate atr. In a 6 months period, this amateur retail tried realtime paper traded a method similar to @volpri's scalping approach. You may also want to have the cumulative ticks Thinkorswim (tos) indicators are tools within the thinkorswim platform by TD Ameritrade. I recommend talking to a TOS specialist 11:07 Mobius: uncle. Best Setup on Think Or Swim For Scalping. Interestingly, the best forex indicator for Smoothed Heikin-Ashi with ATR Trail + P/L (Study) I put this in Strategies since it's a study that has the P/L built in. The folks that gave it to me didn't think it could be done in 2. English. The indicator finds opportunities by candle formation, VWAP, and Intraday Momentum. Nov 14, 2020 My overall point is, with scalping on the 1 minute, oscillators are too slow. Actually quite satisfied with result. Designed for traders seeking reliable market entry and exit points, this tool helps you make informed trading decisions and maximize profitability. TOS is great for TA and swing trades, but there are definitely better options if "speed is crucial". The photo below shows my full setup, but I wont be explaining any indicators as this post is mostly about how to quickly get into Reactions: PatMaGroin23, SCALPER, RogerC and 4 others. The Perfect 5 Minute layout URL: http://tos. One other item to consider when paper trading is to adjust the dollar amount in the paper account to match the funds that you will be trading with in your Idk, but there was someone on WSB who used 1-3dte for scalping for 5 days and turned $20k into $80 k lol Reply reply BallIndependent3042 • Imagine taking your PTO days off from your day job and making a year's salary in that time XD TOS for charting and studies Reply reply More replies More replies. I think you discovered a great /ES scalping setup, mate! Blue lines I drew premarket. getrevue. Could be used for . And if you’re a scalper or want to be one, this piece describes the 7 best scalping indicators. 18:57 Mobius: Here's a code that was dropped in my lap earlier to port to TOS. \n\nrev:1. See what would have happened. Buy is already setup with ask(ask size) and sell with bid(bid size). 10 or SELL AT BID-. mx/92bckrT SETTINGS: RENKO BRICK SIZE (ATR, 5-10 TICK DEPENDING ON SYMBOL & Interesting. A single contract of ES is effectively worth the point value x 4 points x $12. Locked post. Log in Register. 11:10 Mobius: kathy - You can move that signal by using your existing condition as a Depending on your scalping strategy, you may prefer some tools over others. some stocks just don’t have a high volume of options activity. A scalper must be patient to wait for their effort to bring fruit. I feel I am still spending time going through the results as many are just not moving enough for scalping. gelqk ggitxjjk quxmt jbnou kyyufinb fvi iqva ojaq rmukt jvsr