• What is the simple moving average (SMA) and how to use it

    What is the simple moving average? A simple moving average (SMA) is a technical indicator that calculates the average price of a stock over a certain number of periods (e.g. days, weeks, months). This average is then plotted on a chart to indicate a trend or direction of the stock. For example, if a stock’s…

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  • What is the Relative Strength (RSI) indicator?

    The Relative Strength Index (RSI) is a popular technical indicator used in the analysis of financial markets. Developed by J. Welles Wilder Jr. in 1978, the RSI is a momentum indicator that measures the strength of a security’s price action. It compares the magnitude of recent gains to recent losses in an attempt to determine…

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  • How to create a thinkorswim (TOS) dollar gainer scan

    If you’re just starting out, be sure to visit the thinkorswim Learning Center first. The video on that page describes how to get started with creating your first scan. I’ll keep this simple, and even provide the code for you! In this scan we will meet the following criteria. 1) The stock must have gained…

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