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Description and features of the Previous Day Close Line indicator on the TOS trading platform The Previous Day Close Line indicator in the TOS account is often used by intraday traders. One of the strongest intraday indicators for a stock is when the stock turns red during the day. This means that it crosses the previous close in a downward movement and is a signal…

One of the guys in the chat responded to my post “Simplification = destructive? ♻️On the way of optimization and simplification” 📝Comment about the following: you need to throw out all the unnecessary from the trading strategy and leave only the minimum to get the desired result. …

“It’s crazy to do the same thing over and over again, but expect a different result each time.” Albert Einstein. © ️ Why am I using this quote? Because trading is in fact an unnatural activity for a person. We are not physiologically adapted for trading, which is why it…

How to set up premarket scanner in TOS trading platform Friends, we decided to share our useful content about the psychology of trading, indicators, scanners, the ThinkOrSwim trading platform on «Medium», because we understand that it is more convenient for you to read here. The original article in our blog. Let’s move on to setting up a premarket scanner in…

Trading strategies using technical analysis indicators and other tools To put it simply, technical analysis is predicting future price changes based on its previous fluctuations, which are reflected graphically in your trading platform. For example, I use the ThinkOrSwim (TOS) platform for technical analysis. There are many trading strategies using technical analysis indicators and using several instruments at the…

How to identify possible trends using ThinkOrSwim indicators All traders, especially those who use technical analysis in their trading, understand that trends play an important role in choosing a trade and making a profit. And for good reason, because prices are constantly changing. …

Features of the RSI indicator (oscillator) in the TOS trading platform Analysis Indicator Relative Strength Index (RSI). This indicator was written back in 1978 by trader J. Welles Wilder and won the glory of an accurate oscillator with simple calculation and trading signals that you must be able to recognize. Using the Thinkorswim RSA indicator in the TOS trading platform, you…

👇 Now let’s move on to basic trading competencies. 🔸Determination of levels 🔸Trend detection 🔸Work in the terminal (opening, closing a position, types of orders) 🔸Work in the graphical analysis platform 🔸The skill of stock selection before the session 🔸The skill of choosing stocks during the session 🔸Price action analysis 🔸Quickly calculate (for example, the risk per…