Simply select a drawing and right-click to select Create alert. Setting up such an alert is straightforward. Drawing Alertsĭid you know you can set alerts based on chart drawings such as trendlines, retracement levels, price channels, and so on? Whenever a security’s price breaks through a trend you’ve defined, you’ll be notified. To show percentage changes, which may help you compare the performance of the Open Chart settings (gear icon), and under the Price axis tab, check Choose a default symbol orĮnter a custom one to overlay it on the chart.įor the overlay symbol so the high and low range fits on the same chart. SPX, as well as Custom symbol… at the top. You’ll see a list of default index symbols, such as DJX and Up a chart, and select Studies from the upper right. Past performance does not guarantee future results. It can be a way to measure relative strength, and it’s also handy if you’re looking at correlations between stocks, sectors, or asset classes, such as the financials sector versus the S&P 500® index (see fi gure 1).įIGURE 1: COMPARING NOTES. Use the overlay function on thinkorswim to compare two symbols: in this case, the S&P 500 index (SPX, candlesticks) and the financials sector (IXM, purple line). It’s a way to see relative performance-whether one is over- or underperforming the other. Let’s take a look at five helpful features that experienced chartists and beginners can use in day-to-day trading from the thinkorswim Charts tab.Īn overlay stock chart plots two or more di ff erent stocks or indexes on the same price chart. You can even design your own studies right in thinkorswim. What about technical indicators? The platform has hundreds of preloaded studies and strategies. What about setting an alert for when price breaks out of a trendline? Want to do a little backtesting before jumping into a trade? You’re covered. Want to compare two stocks on one chart? No problem. Whether you’re new to thinkorswim® or eager to find new ways to evaluate an investment, look no further than the Charts tab near the upper right of your screen. Use the expansion area of a price chart to identify future corporate actions and probable price ranges.
Understand how to compare charts, create drawing alerts, and backtest strategies directly from price charts.Become familiar with the different charting features available on thinkorswim
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