TD Ameritrade Thinkorswim: Analysis Tools
  1. TD Ameritrade Thinkorswim: Introduction
  2. TD Ameritrade Thinkorswim: Account Types And Minimum Deposits
  3. TD Ameritrade Thinkorswim: Services Offered
  4. TD Ameritrade Thinkorswim: Commission Structure
  5. TD Ameritrade Thinkorswim: Customer Support
  6. TD Ameritrade Thinkorswim: Analysis Tools
  7. TD Ameritrade Thinkorswim: Conclusion

TD Ameritrade Thinkorswim: Analysis Tools

By Cory Mitchell

The thinkorswim platform is rich with features, providing price alerts (when set), streaming CNBC TV, stock and option screeners and a spread trading tool. There are also live, streaming and customizable charts. Charts contain up to 20 years of data, and can be viewed on an intraday basis right up to monthly data.

The charts can be analyzed with hundreds of indicators including the common moving average convergence divergence (MACD), moving averages and oscillators. All indicators can be customized to suit the needs of the trader. Drawings can be placed on the chart, such as showing cycles, Fibonacci retracement levels and trendlines.

Traders can also screen for fundamental data and see news on the chart they are viewing, such as earning announcements, conferences calls or stock splits.

Traders can also isolate stock patterns such as head and shoulders patterns, triangles, wedges and others on their charts. Candlestick patterns can also be isolated, such as dojis and engulfing patterns.

The features and analysis tools make it possible to find trading instruments which are moving the way the trader wants. Those instruments can then be further scrutinized using an almost endless array of indicators and chart overlays. Figure 6 shows a summary of the main indicator categories and tools available in the thinkorswim platform (partial list).

Figure 6: Analysis Tools Categories


Additional Info
Within the thinkorswim platform, there are live tutorials for using the platform along with frequent trading seminars. Chat rooms are also available within the platform so traders can discuss the market with other traders throughout the day.

Traders can launch the news feeds which provides up to the second news flashes of events affecting individuals stocks, companies, the broader market or the business world.

Watch lists can also be created to keep an eye on certain stocks, ETFs, sectors or an array of trading instruments.

Traders can even link their accounts up to a list of trading newsletters. When a trade signal is released by a newsletter the trader is subscribed to, the signal will be "automatically traded" in their account.

TD Ameritrade Thinkorswim: Conclusion

  1. TD Ameritrade Thinkorswim: Introduction
  2. TD Ameritrade Thinkorswim: Account Types And Minimum Deposits
  3. TD Ameritrade Thinkorswim: Services Offered
  4. TD Ameritrade Thinkorswim: Commission Structure
  5. TD Ameritrade Thinkorswim: Customer Support
  6. TD Ameritrade Thinkorswim: Analysis Tools
  7. TD Ameritrade Thinkorswim: Conclusion


RELATED TERMS
  1. Sortino Ratio

    A modification of the Sharpe ratio that differentiates harmful ...
  2. Equity Risk Premium

    The excess return that investing in the stock market provides ...
  3. Alpha

    Alpha is used in finance to represent two things: 1. a measure ...
  4. Exchange-Traded Fund (ETF)

    A security that tracks an index, a commodity or a basket of assets ...
  5. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth ...
  6. Return On Investment - ROI

    A performance measure used to evaluate the efficiency of an investment ...
RELATED FAQS
  1. Does mutual fund manager tenure matter?

    Mutual fund investors have numerous items to consider when selecting a fund, including investment style, sector focus, operating ... Read Full Answer >>
  2. Why do financial advisors dislike target-date funds?

    Financial advisors dislike target-date funds because these funds tend to charge high fees and have limited histories. It ... Read Full Answer >>
  3. What licenses does a hedge fund manager need to have?

    A hedge fund manager does not necessarily need any specific license to operate a fund, but depending on the type of investments ... Read Full Answer >>
  4. Can mutual funds invest in hedge funds?

    Mutual funds are legally allowed to invest in hedge funds. However, hedge funds and mutual funds have striking differences ... Read Full Answer >>
  5. When are mutual funds considered a bad investment?

    Mutual funds are considered a bad investment when investors consider certain negative factors to be important, such as high ... Read Full Answer >>
  6. What fees do financial advisors charge?

    Financial advisors who operate as fee-only planners charge a percentage, usually 1 to 2%, of a client's net assets. For a ... Read Full Answer >>
Hot Definitions
  1. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  2. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  3. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  4. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  5. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  6. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center