Thinkorswim's same chart layout is a game-changer for traders who want to streamline their workflow and save time. By customizing your chart layout, you can have all the tools you need at your fingertips.
With Thinkorswim's same chart layout, you can have up to 19 different charts open at the same time, making it easy to compare and analyze multiple assets simultaneously. This feature is especially useful for traders who like to monitor multiple markets or assets at once.
To get started with Thinkorswim's same chart layout, you'll need to first set up your chart layout by dragging and dropping the tools and studies you need onto your chart. You can also use the "Save Layout" feature to save your custom layout for future use.
Customizing Chart Layout
Saving your multiple monitor layout is a game-changer for thinkorswim users. You can save your layout so you don't have to set up your multiple monitor configuration every time you open thinkorswim.
To customize your chart layout, start by clicking on the gear icon in the top blue bar in a chart window. This will take you to the appearance tab where you can change the candlestick colors.
You can also change the background of your thinkor swim charts, as well as the volume color or grid in the background. This will give you a more personalized look for your charts.
Adding some expansion area to the right of the chart by adding some breathing room is useful when trying to forecast where price may be headed in the future.
Saving and Loading Layouts
Saving and loading layouts on thinkorswim is a game-changer for traders who want to streamline their workflow. You can save your layout by going to the Setup menu at the top right corner of the platform and clicking on Save Workspace As.
To save your layout, enter a name for your workspace and click OK. This will save your current arrangement of windows and their content. I've found it helpful to name my workspaces based on the type of trading I'm doing, such as "Day Trading" or "Swing Trading".
To load a saved layout, go to the Setup menu again, select the workspace name from the list, and click OK. This will restore your previous arrangement of windows and their content. This feature has saved me so much time in the long run, as I no longer have to recreate my layout every time I open thinkorswim.
You can also share your workspace by clicking share workspace, which will give you a link to send. This is a great way to collaborate with other traders or share your setup with colleagues. Simply paste their layout link into "open shared item" under the setup menu to load their workspace.
Multiple Monitors and Interface
Using multiple monitors on thinkorswim can help you enhance your trading experience by allowing you to view more information and tools at once.
To set up multiple monitors, you can use the flexible grid feature to create multiple windows that you can detach and place on different monitors. You can also save and load your layouts so you don’t have to set up your multiple monitor configuration every time you open thinkorswim.
If your charts are all showing the same symbol, it's likely because they are linked. You can click the link icon to the right of the symbol and change the color or use unlink.
To fix linked charts, simply unlink the chart from a color or select a different color. This will break the link and allow you to view different symbols on each chart.
You can also customize your charts by overlapping volume, synchronizing cross hairs, enabling a logarithmic scale, showing price as a percentage, customizing any time frame, and showing pre-market and post-market data.
Chart Settings and Customization
You can customize your chart settings and appearance in thinkorswim to suit your trading needs. To access the appearance settings, click on the gear icon in the top blue bar in a chart window.
You can change the candlestick colors, background, volume color, or grid in the background to make your charts more visually appealing. You can also add some expansion area to the right of the chart to give yourself some breathing room.
To customize your chart settings, you can explore generic settings such as overlapping volume, synchronizing cross hairs, enabling a logarithmic scale, showing price as a percentage, customizing time frames, and showing pre-market and post-market data.
Here are some key chart settings to consider:
- Overlap volume: allows you to see multiple volume bars on the same chart
- Synchronize cross hairs: allows you to move cross hairs across multiple charts at the same time
- Logarithmic scale: displays price changes in a more natural and intuitive way
- Show price as a percentage: displays price changes as a percentage of the previous price
- Customize time frames: allows you to choose the time frame that appears in the drop down menu
- Show pre-market and post-market data: displays data for pre-market and post-market sessions
Flexible Grid Settings
Using multiple monitors on thinkorswim can help you enhance your trading experience by allowing you to view more information and tools at once.
You can create multiple windows that you can detach and place on different monitors using the flexible grid feature.
To save time, you can save and load your layouts so you don’t have to set up your multiple monitor configuration every time you open thinkorswim.
The flexible grid feature allows you to customize your workspace and tailor it to your specific needs.
You can arrange your windows and tools in a way that makes sense for you, and easily switch between different layouts as needed.
This flexibility is especially useful when you need to view multiple charts or tools at the same time.
By using the flexible grid feature, you can stay organized and focused on your trading tasks.
Charts
Charts are a crucial part of trading, and customizing them can make a big difference in your trading experience. You can add intraday graphical indicators, such as the VWAP and RSI, to your charts in Thinkorswim.
To set up the VWAP indicator, go to "Studies", "Edit Studies", and add the VWAP indicator by typing its name and selecting "Add selected". You can then customize its settings by clicking on the gear icon and unchecking the boxes next to "Show plot", "Show bubble", and "Show title".
Customizing the appearance of your charts is also important. You can change the color of the VWAP line and adjust other settings to suit your preferences. To save your customized settings, go to "Studies", "Save study set", and come up with a name for your parameters.
You can also add a relative strength index (RSI) indicator to your charts, which shows the strength of the trend and the likelihood of it changing. Another useful indicator is the "Previous Day Close", which you can download as a ThinkScript from the link provided.
To make the most of your charts, explore the generic settings available. You can overlap volume, synchronize cross hairs, enable a logarithmic scale, show price as a percentage, and customize any time frame that shows up in the drop-down. These settings can help you get a better view of your charts and make more informed trading decisions.
Here are some key chart settings to consider:
- Overlap volume
- Synchronize cross hairs
- Enable logarithmic scale
- Show price as a percentage
- Customize any time frame
- Show pre-market and post-market data
Adding ATR and Expected Move to Corner
Adding ATR and Expected Move to the corner of your chart can be a game-changer for traders. Coach Gino Poore teaches you how to do it in his Thinkorswim tutorial.
Thinkorswim allows you to add ATR (Average True Range) to the corner of your chart, which can help you gauge market volatility.
You can also add Expected Move to the corner of your chart, which can give you an idea of potential price movements.
Adding Probability Cones
Adding Probability Cones is a useful feature in Thinkorswim (TOS) that can help you project price ranges going forward.
Coach Gino shows how to add Probability Cones to your TOS charts in his video tutorial.
To add Probability Cones to your charts, you'll need to access the Thinkorswim platform, where you can find this feature.
Thinkorswim is a popular trading platform that offers a range of tools and features to help you make informed trading decisions.
Coach Gino's tutorial provides step-by-step instructions on how to add Probability Cones to your charts, making it easy to follow along.
With Probability Cones, you can project price ranges and make more informed decisions in the market.
Forex Trading 101: US Dollar
The US Dollar is a popular currency to chart in Forex Trading, as seen in the Thinkorswim tutorial video where Coach T explains how to chart it against major cross-pairs using the TOS trading platform.
Charting the US Dollar involves using the TOS trading platform, which is a famous trading platform used by many Forex traders.
To chart the US Dollar effectively, you need to understand how to use the TOS platform, as demonstrated in the Forex Trading 101 tutorial video.
Sources
- https://haikhuu.com/education/thinkorswim-multiple-monitors
- https://toslc.thinkorswim.com/center/howToTos/thinkManual/charts
- https://www.toshelper.com/thinkorswim-setting-flexible-grid/
- https://tradebrigade.co/master-think-or-swim-tos-custom-charts-trading-tutorials/
- https://tackletrading.com/tos-tutorial-tools-bar/
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