What’s New

Put/Call Volume and Ratio

Posted by on Jul 18, 2014 in Indicator, Options | 11 comments

Put/Call Volume and Ratio

The lack of a built-in Put/Call Ratio indicator in thinkorswim has always been a curious omission to me. After all, this is the premiere options trading platform is it not? While we swimmers wait for the powers that be to commission such an indicator I have crafted something to work in the interim. The Put/Call Volume and Ratio indicator will collect options volume data for three user supplied expirations. This data can be plotted as either the put/call ratio or as just the raw volume itself. Three expirations worth of data seemed to be about...

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Statistics Q&A + Put/Call Ratio Preview

Posted by on Jul 9, 2014 in Tutorial | 19 comments

Statistics Q&A + Put/Call Ratio Preview

Some answers to member’s questions about the Statistics Pack and a brief look at the forthcoming Put/Call Ratio indicator.

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Statistics Pack

Posted by on Jun 8, 2014 in Indicator, Support and Resistance | 35 comments

Statistics Pack

To succeed in trading you must have an edge. That edge may come from any number of sources. One such edge is understanding the historical way in which a given instrument trades. We might ask such questions as: What is the average range from high to low on any given day? What is the average size overnight gap? What are the odds that a gap up or down will fill? Is there an edge to holding overnight? What is the average range from the open to the high of the day on an up day? What is the average range from the open to the low on a down day?...

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Market Metrics

Posted by on Apr 24, 2014 in Indicator | 18 comments

Market Metrics

Numerous market metrics are available now in thinkorswim. If you look at the public watch lists you will see one entitled “Indicators.” This recent addition brings with it a host of new market internals – 249 to be exact. This study does one simple thing and that is to allow you to plot any of these metrics as a subgraph indicator on your main price chart. Please see the video below for more details (best viewed full screen at 720p resolution). Pro Members can download this in the portal (or to the right if you are logged...

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Micro Analysis /ES – 07 April 14

Posted by on Apr 7, 2014 in Analysis | 3 comments

Micro Analysis /ES – 07 April 14

By request – A micro analysis of the /ES: Though the last two days’ candles ought to make any bulls sit up and take notice, there is really no reason to book a fare on the bear train just yet. We are now in a transition zone between the most recent VWAP lines, but the bullish VWAP lines continue to be respected by the price action. Until price begins to slice through these and begin respecting the bearish VWAP lines, I will remain neutral with a bullish bias. Should the /ES close above the recent bear VWAP at 1858 I will look for...

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