Three indicators for the Thinkorswim platform to help you find and track trends by [ThinkOrSwim (TOS) Rangers]

3 indicators for the Thinkorswim trading platform to help you find and track trends.

How to identify possible trends using ThinkOrSwim indicators

1. How to add moving averages indicator (SMA and EMA) to the Thinkorswim platform

Figure 1. This will plot the 50-period SMA on the Thinkorswim chart (see Figure 2).
FIGURE 2: SPY with 50-day SMA, overall trend looks up. If the price fell below the moving average, it would be a sign of a weakening market.
FIGURE 2: 10 MINUTE IN-DAY SPY CHART with 10 minute EMA in TOS. Since more recent prices carry a higher weight, the EMA tends to adjust to price changes faster than the SMA.

2. Moving Average Convergence Divergence (MACD to TOS)

FIGURE 4: APPLICATION OF MACD in TOS. The Moving Average Convergence Divergence (MACD) indicator is plotted below the stock chart as two lines and a histogram. As the signal line (blue) crosses above and below the indicator line (yellow) and the histogram bars move above and below the zero lines, you can identify potential trend changes.

3. Thinkorswim Parabolic SAR indicator

FIGURE 5: USING PARABOLIC SAR in Thinkorswim TO DETERMINE TRENDS.

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