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ThinkOrSwim (TOS) Trading Platform
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Created: by Big Mike Attachments:2

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ThinkOrSwim (TOS) Trading Platform

  #21 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

Thank you Massive. Sounds like I need to explore TOS more, which is why I posted here...

Did you compare this data with other offerings / feeds? I've read, including in this thread about TDA / TOS data not being all that great, especially for futures trading.

Have you been live trading with this data, or exclusively paper? Thanks again.

 
  #22 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received

I've been trading live for 2 years now. I've been with thinkorswim for about a year and haven't had hardly any issues.
I've noticed lag but I don't feel it's hindered my trading. I used to scalp gold but now I only make a handful of trades each week (right now, mostly currency and index futures). visit my journal if you get a moment!

 
  #23 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


Thanks Massive. I checked the Trade Journal forum briefly, but didn't see it there. I'll do a search later though...

 
  #24 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

NYSE $TICK

For those trading futures with TOS, are you using the NYSE cumulative tick? I think I got it here, a 5 min chart for the day. If there is a "better" way in your opinion to depict this data, please share. I had not previously used this information before, but I clearly see its value... Thanks.

With respect to TOS data, can this be relied upon?

Attached Thumbnails
ThinkOrSwim (TOS) Trading Platform-5-10-2011-12-24-18-pm.png  
 
  #25 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received

Moderator Note


We recently added an entire subforum section for ThinkOrSwim, please make use of it by starting new threads for different topics instead of adding everything to this one long thread.




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  #26 (permalink)
Elite Member
Chattanooga, TN
 
Futures Experience: Beginner
Platform: MT4, MBT Navigator, TOS
Broker/Data: MT4, MBT Navigator, TOS
Favorite Futures: YM, EUR/USD, GBP/USD, AUD/USD
 
Tmanbone's Avatar
 
Posts: 47 since Jan 2010
Thanks: 105 given, 44 received


TonyB View Post
For those trading futures with TOS, are you using the NYSE cumulative tick? I think I got it here, a 5 min chart for the day. If there is a "better" way in your opinion to depict this data, please share. I had not previously used this information before, but I clearly see its value... Thanks.

With respect to TOS data, can this be relied upon?

I like it, maybe 2min with horizontal line alerts @ 600, 800, 1000, & -600, -800, -1000. I've seen others use a moving average on it and then again others use the bollinger bands on it. HTH

"The simplicity of the markets is it's greatest disguise"

T
The following user says Thank You to Tmanbone for this post:
 
  #27 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received


Tmanbone View Post
I like it, maybe 2min with horizontal line alerts @ 600, 800, 1000, & -600, -800, -1000. I've seen others use a moving average on it and then again others use the bollinger bands on it. HTH

Thanks Tmanbone. I took Mike's advise and started a new thread here:

https://futures.io/thinkorswim/10647-nyse-tick.html

That said, it seems that TOS's data is indeed suspect. Start at post #38 here (topic NYSE Tick data):

https://futures.io/psychology-money-management/7975-nyse-tick-add-4.html#post119312

 
  #28 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


TonyB View Post
For those trading futures with TOS, are you using the NYSE cumulative tick? I think I got it here, a 5 min chart for the day. If there is a "better" way in your opinion to depict this data, please share. I had not previously used this information before, but I clearly see its value... Thanks.

With respect to TOS data, can this be relied upon?

That's perfect and I've compared with other traders and we're getting the same information.

Here's an indicator that plots a dot on your normal chart whenever tick hits a certain level.

If you wanted to you could load three of the scripts and have 800, 1000, 1200 ticks with each on
a different color. I don't but I'm just saying. Pretty cool...

This is from Prospectus, a talented programmer IMO.


# Tick Fade Indicator
# By Prospectus @ Read the Prospectus
#
# This indicator paints a dot if the NYSE tick for the
# current chart timeperiod breaches a threshold value.
#
def na=double.nan;
#
# Define how you want the value plotted. I chose 30% of
# bar range, plotted that distance above the high/low:
#
def range = high – low;
def plotter=range*0.3;
#
# Input the threshold values you are watching:
#
Input uThreshold=1000;
Input lThreshold=-1000;
#
# Now reference the high / low of corresponding bar
# for the NYSE tick:
#
def hi = high("$TICK");
def lo = low("$TICK");
#
# Define the plots:
#
plot lowtick=if lo<=lThreshold then low-plotter else na;
plot hightick=if hi>=uThreshold then high+plotter else na;
#
# Formatting:
#
lowtick.setdefaultcolor(color.red);
lowtick.setstyle(curve.points);
lowtick.setlineweight(4);
hightick.setdefaultcolor(color.green);
hightick.setstyle(curve.points);
hightick.setlineweight(4);

Attached Thumbnails
ThinkOrSwim (TOS) Trading Platform-capture.png  
The following 2 users say Thank You to Massive l for this post:
 
  #29 (permalink)
TruthSeeker
Canada
 
Futures Experience: Intermediate
Platform: NT, IB
Broker/Data: IB
Favorite Futures: Currency Futures
 
sam1197's Avatar
 
Posts: 55 since Feb 2011
Thanks: 13 given, 12 received


Big Mike View Post
Over the past several months I have seen a lot of members using the ThinkOrSwim platform. I decided to open an account with them for some of my swing trading positions.

I was just looking on the forum and although there are a lot of ToS threads, there wasn't a general thread just about the platform or broker itself (more generic). So I am creating this one.

So far the process of setting up a new account has been very painless and well automated. I needed to talk to support to get one question answered, and they replied via email within seconds.

I wanted to ask you guys what you are paying in commission for equities. I want to make sure I am getting a competitive rate, I know I've read before they are negotiable in that area. If any of you have a specific rep that has helped you please share.

I'm still waiting for my funds to get transferred but while I wait I am starting to play with the platform. A bit of a learning curve, but so far it seems to have everything I could need to do swing trades, and it seems fast and full of features.

Mike

Thanks Mike for starting this thread. TOS is my main plateform for charting thou I get delayed data. I found their charting is the best with many free indicators. I tried to open options and futures acct recently but commissions were not negotiable (after merging with Aneritrade).

I have a request, if one of our talented traders, figure out how to build an indicator (or modify current Pivot Points indicator) to add mid points? It will be helpful. Thanks much.

 
  #30 (permalink)
TruthSeeker
Canada
 
Futures Experience: Intermediate
Platform: NT, IB
Broker/Data: IB
Favorite Futures: Currency Futures
 
sam1197's Avatar
 
Posts: 55 since Feb 2011
Thanks: 13 given, 12 received



Massive l View Post
That's perfect and I've compared with other traders and we're getting the same information.

Here's an indicator that plots a dot on your normal chart whenever tick hits a certain level.

If you wanted to you could load three of the scripts and have 800, 1000, 1200 ticks with each on
a different color. I don't but I'm just saying. Pretty cool...

This is from Prospectus, a talented programmer IMO.


# Tick Fade Indicator
# By Prospectus @ Read the Prospectus
#
# This indicator paints a dot if the NYSE tick for the
# current chart timeperiod breaches a threshold value.
#
def na=double.nan;
#
# Define how you want the value plotted. I chose 30% of
# bar range, plotted that distance above the high/low:
#
def range = high – low;
def plotter=range*0.3;
#
# Input the threshold values you are watching:
#
Input uThreshold=1000;
Input lThreshold=-1000;
#
# Now reference the high / low of corresponding bar
# for the NYSE tick:
#
def hi = high("$TICK");
def lo = low("$TICK");
#
# Define the plots:
#
plot lowtick=if lo<=lThreshold then low-plotter else na;
plot hightick=if hi>=uThreshold then high+plotter else na;
#
# Formatting:
#
lowtick.setdefaultcolor(color.red);
lowtick.setstyle(curve.points);
lowtick.setlineweight(4);
hightick.setdefaultcolor(color.green);
hightick.setstyle(curve.points);
hightick.setlineweight(4);

Thanks. Can I use your talent to modify/write an indicator that draws Pivot Points mid points? Thanks in advance.


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