TD Ameritrade is giving you the ability to create your very own candlestick pattern in their latest thinkorswim platform release.
From “Concealing Baby Swallow” to “Identical Three Crows” it may seem as though all the innuendoes and hidden trader slang has been accounted for. But in the case that your creative pun has not been named just yet, TD Ameritrade is giving you the ability to create your very own candlestick pattern in their latest thinkorswim® platform release. Now you can create patterns that include any number of Up, Down, or Doji candles with any given relationship to one another. This is all done with a drag and drop interface so there is no need to write any code or understand fancy thinkScript® functions. All you have to do is just draw the pattern you want to see.
Just follow these simple steps to get started:
FIGURE 1: CANDLESTICK PATTERNS.
The latest feature on TD Ameritrade’s thinkorswim platform helps traders create their own candlestick patterns.
Once your candlestick pattern is built and properly named the fun begins. Just as any existing candlestick pattern works, an icon of your choice will be placed above or below the final candle in your pattern to display which candle makes the pattern complete. This icon is chosen with the drop down at the top of the Candle Stick Pattern Editor.
The pattern will also be written in thinkScript on the adjacent tab, which allows you to copy the source code out and use it throughout the software to Scan, Alert, and even trigger orders just like any of the existing thinkorswim patterns.
For more information on how to use this feature, watch the following video:
We hope you enjoy this new feature as much as we do! Be sure to let us know what you think. Reach out on Twitter or drop a line to email@example.com.
for thinkMoney ®
Financial Communications Society 2016
for Ticker Tape
Content Marketing Awards 2016
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC, and a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of the Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2020 Charles Schwab & Co., Inc. Member SIPC.