thinkorswim how to edit saved scans for custom scanning

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Smartphone Displaying Stock Trading App Interface
Credit: pexels.com, Smartphone Displaying Stock Trading App Interface

Editing saved scans on thinkorswim is a breeze, and it's a game-changer for traders who want to customize their scanning experience. To edit a saved scan, simply go to the "Scans" tab and select the scan you want to modify from the list.

To make changes, you can add or remove criteria, which are the building blocks of your scan. Thinkorswim allows you to choose from a wide range of criteria, including technical indicators, moving averages, and more.

ThinkOrSwim Scanners

ThinkOrSwim Scanners are incredibly powerful tools that help traders find shares according to specific criteria. You can set your own criteria or use the large library of ready-made scanners provided by ThinkOrSwim.

To access the stock scanner, select the Scan – Stock Hacker tab. This will open the stock scanner window, where you can create a new scanner, load an existing one, or share a scanner with others.

ThinkOrSwim scanners can display the result of the scan in the watchlist and link it with the chart, creating a dynamic watchlist. This feature is particularly useful for traders who want to track their scan results in real-time.

Credit: youtube.com, Master the Think or Swim (ToS) Stock Scanner | Trading Tutorials

You can also customize the output of your scanner by changing the number of rows in the result. This is especially helpful if you're dealing with a large number of scan results and want to focus on the top matches.

Here are the key features of ThinkOrSwim scanners:

  • Create a new scanner
  • Load an existing scanner
  • Share a scanner
  • Change the number of rows in the output result
  • Sort search results
  • Set up notifications when search results change

ThinkOrSwim scanners are a game-changer for traders who want to streamline their research process and stay on top of market trends. By leveraging these powerful tools, you can save time and make more informed trading decisions.

Dynamic Watchlist and Filters

Saving a scan query is a great way to reuse it later. To do this, open the Scan Query menu and select Save scan query in the right-hand corner of the filter itself.

You can then link this saved scan query to a chart for analysis. This will automatically update the filter with the latest data by sending a request to the platform's server.

To take it a step further, add a watchlist widget and select the saved scanner. If you're new to working with watchlists, check out our article on setting up Thinkorswim for more details.

Dynamic Watchlist

Credit: youtube.com, How to Create a Dynamic Watchlist in ThinkorSwim

A dynamic watchlist is a powerful tool that lets you save your scanner and get the latest data with just a few clicks. You can save a scanner as a dynamic watchlist by opening the Scan Query menu and selecting Save scan query.

To link this watchlist to a chart, add a watchlist widget and select the scanners you've saved. If you're new to Thinkorswim, you might want to read up on setting up your watchlist first.

The best thing about a dynamic watchlist is that it updates itself by sending a request to the platform's server, Thinkorswim. This means you get the latest data without having to do a thing.

You can also take a screenshot of the result of the Thinkorswim platform stock scanner, which can be useful for tracking your progress. To access the stock scanner window, select the Scan – Stock Hacker tab.

Thinkorswim has a large library of ready-made scanners, but you can also develop your own scanners for your trading strategies.

Filters in ThinkOrSwim

Credit: youtube.com, Thinkorswim Scans Top Level Filters

ThinkOrSwim's filters are a powerful tool for managing your watchlist.

You can use filters to remove, sort, delete, highlight, and add additional values to the stock list.

The watchlist window is divided into two columns: Available Items and Current Set.

Available Items contains all the filters you currently have in the platform, where you can also create new filters.

The Current Set shows the current filters that have been added to the watchlist.

You can edit the Custom0-19 filters by clicking on the image of the scroll to the left of the name, which opens the Custom Quote Formula window.

This window allows you to edit ThinkScript.

Condition Comparison

Condition comparison is a powerful feature in the Condition Wizard that allows you to compare two or more conditions simultaneously.

The Condition Wizard supports more complex conditions, and you can mix and match conditions using the "Any" or "All" operator.

To compare conditions, you'll need to select one of these operators from the "Check if" dropdown menu.

Credit: youtube.com, Thinkorswim Scans to Watchlists

You can choose to check if any of the conditions are true with the "Any" operator, or check if all the conditions are true with the "All" operator.

Here are the available operators:

  • Any. Checks if any of the conditions is true.
  • All. Checks if all the conditions are true.

The Condition Wizard applies the same operator to all conditions in your Condition list.

To mix both operators, you'll need to switch to the thinkScript Editor, but be aware that you won't be able to return to the Condition Wizard until you restore the same operator for all conditions.

New Features and Indicators

Thinkorswim's new features and indicators make it easier to edit saved scans. Thinkorswim allows you to edit saved scans directly from the Scan Settings menu.

One of the new features is the ability to edit scan settings, including the scan name, description, and time frame. You can also edit the scan's criteria, including the conditions and filters.

To access these features, simply click on the "Edit" button next to the scan name. This will take you to the Scan Settings menu, where you can make any necessary changes.

Scan for Strength Meter

Credit: youtube.com, The Trend Indicator That Also Measures Trend Strength

The Scan for Strength Meter is a powerful tool that can help you identify stocks with rising strength. It's based on a simple yet effective rule: stocks that have risen 10% in the last three weeks will have their strength meter activated.

The strength meter is represented by a green sloped bar in the watchlist column. This bar will be activated when the stock meets the 10% rise criteria, giving you a visual cue to take a closer look.

You can customize the Scan for Strength Meter to suit your needs by changing the time frame from three weeks to two weeks, for example.

New Scanner Features

ThinkOrSwim's scanner is a powerful tool that can be used to find shares according to certain criteria. You can set up your own scanners or use a library of pre-written ones.

One of the best features of ThinkOrSwim scanners is that the result is displayed in the watchlist and linked with the chart. This allows you to get a dynamic watchlist.

Laptops on a desk displaying stock market charts and financial documents.
Credit: pexels.com, Laptops on a desk displaying stock market charts and financial documents.

To open the stock scanner window, select the Scan – Stock Hacker tab. This is a quick and easy way to access the scanner.

ThinkOrSwim scanners have a number of features that make them useful for traders. Some of these features include:

  1. Create a new scanner;
  2. Load an existing scanner;
  3. Share a scanner;
  4. Change the number of rows in the output result;
  5. Sort search results;
  6. Set up notifications when search results change.

Indicator Creation

To create an indicator, find the Create… button below the list of all indicators. This button is the starting point for building a new indicator.

You will be presented with a window that includes the thinkScript Editor, where you can insert existing code or write code from scratch.

The thinkScript Editor is where the magic happens, and it's where you can bring your ideas to life by writing code.

To edit code in an already written indicator, select the indicator you want to modify.

If there is no image with a black lock next to the indicator, then you're good to go and can start editing.

Frequently Asked Questions

How do you edit studies on thinkorswim?

To edit studies on thinkorswim, click on the scroll icon before the study title. From there, you can make changes to your study settings.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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