What’s New

New Put/Call Ratios as Lower Study

Posted by in Indicator, Market Internals | 1 comment

New Put/Call Ratios as Lower Study

While the dust is still settling on this weekend’s TOS update, I am pleased to see that thinkorswim is implementing data feeds for various Put/Call ratios. Specifically, we now have access to five new symbols for various ratios: $PCALL – Put/Call ratio for all stocks, $PCI – Dow Jones Industrial Average, $PCRL – Russell 2000, $PCSP – S&P 500, $PCND – NASDAQ 100. I personally like to see the P/C ratio as a time synchronized lower study to the associated index. The study below will do just that as well...

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Put/Call Volume and Ratio

Posted by in Indicator, Options | 22 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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Market Metrics

Posted by in Indicator, Market Internals | 19 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 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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Top Ten Lists for 2014

Posted by in Uncategorized | 25 comments

It’s that time of year again and we’re compiling our Top Ten Wish Lists for both thinkScript and the thinkorswim platform. As a group we’ve been fairly successful in reaching those at TOS/TDA who have the clout to make things happen and many of our prior year wishes have been implemented. Note that we will have two lists this year – one for thinkScript and one for thinkorswim as a platform. Feel free to drop your thoughts in the comments below or head over to the forum and contribute to the 2014 Wish List thread....

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