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Three Bar Play Indicator with Alert for thinkorswim

$19.99

The 3 and 4-bar play day trading entry was created by Jared Wesley of Live Traders. This thinkorswim (TOS) indicator alerts audibly and highlights the chart pattern using the following criteria. Configurable settings are underlined. Additional settings and defaults are below in the description.

  1. Bar one (ignitor bar) has ignitor vol multiple times average volume
  2. Ignitor bar’s range is ignitor  multiple times larger than an average bar
  3. Ignitor bar’s high breaks the highest high of the lookback period
  4. Bar two’s low is in the upper bar two ignitor percent of the ignitor bar
  5. Bar two’s high is near the ignitor bar’s high; specified by trigger range min and trigger range max

Works for both long and short entries. Highlights both 3-bar play and 4-bar play. See settings, defaults, and additional information below.

Installation

Use in combination with the Position Size Calculator for thinkorswim for super fast calculations and fast entries!

In stock

SKU: 170008 Category: Tags: , , , ,

Description

Available user settings and defaults:

bias: Long or Short. Default Long
ignitor  multiple: Default 2.0
ignitor vol multiple: Default 2.0
look back period: Default 10
bar two ignitor percent: Default 50
trigger range min: Default 90
trigger range max: Default 110
show arrows: Yes or No. Default No
alert sound: No Sound, Ding, Chimes, Bell, Ring. Default No Sound

Note: The question mark bubbles that appear beside each setting after installation contain descriptions

DISCLAIMER: WE ARE NOT CERTIFIED FINANCIAL ADVISORS AND NOTHING IN THIS WEBSITE IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, AND NEITHER ARE ANY OF THE PRODUCTS OR CONTENTS OF THIS SITE OR OUR SOCIAL MEDIA CHANNELS INTENDED TO INSTRUCT YOU ON HOW TO MAKE TRADING OR INVESTING DECISIONS. We provide custom thinkScripts and tutorials to help people use the ThinkOrSwim trading platform from TD Ameritrade. TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex, and this website is not affiliated with them in any way. None of our products are endorsed by TD Ameritrade or any of its affiliates. Due to the nature of our products being software, our policy is that all sales are final and there are no refunds or exchanges. That being said, we stand behind our work, and we will try to make sure our customers are happy any way we can. The information contained on this website is solely for educational purposes, and does not constitute investment advice. The risk of trading in securities markets can be substantial. You must review and agree to our terms & conditions of use, disclaimers & privacy policy before using this site.

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Three Bar Play Indicator with Alert for thinkorswim

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