How I setup my studies and indicators

How I setup my studies and indicators using the TD Ameritrade think or swim platform. All of the indicators are free when you have a TD Ameritrade account.

For my upper studies:

• TTM Trend: Watch Video
• MovingAvgExponential 13EMA length
• Bolinger Bands (I removed the middle line plot and use the 13EMA instead in its place )
• FW_MOBO_Basic ( I removed all lines and plots which shows only the Green and Red painting)
• TTM Scalper Alert Watch Video
• PPS (I removed all lines and plots except for the breakout and breakdown arrows)

For my lower indicators:

• TTM Squeeze Watch Video
• TTM Wave (I added the TTM wave twice and separated the Major Waves from the Minor Waves)
• Momentum

How I find my stocks to trade. My scanner setup

I primarily use two scanners to find my stocks to trade (biggest losers & earnings losers). I set the parameters to find stocks between the price of $1-35 a share that have traded over 100,000 in volume. I have also added the ttm squeeze to the scan  and wrote a custom code to show a color vs a number to help me visualize and pinpoint which stocks have the strongest downtrend across multiple time frames as the market opens.

Biggest Percent Losers

Earnings Losers 

Here is the custom code for the Thinkscript editor to change the TTM squeeze values into a color:

input price = CLOSE;

input length = 20;

input nK = 1.5;

input nBB = 2.0;

input alertLine = 1.0;

def squeezeHistogram = TTM_Squeeze(price, length, nK, nBB, alertLine).Histogram;

plot hist = if squeezeHistogram>= 0 then 

    if squeezeHistogram> squeezeHistogram[1] then 2 else 1

    else if squeezeHistogram < squeezeHistogram[1] then -2 else -1;

assignBackgroundColor(if squeezeHistogram >= 0 then 

    if squeezeHistogram > squeezeHistogram[1] then color.CYAN else color.BLUE

    else if squeezeHistogram < squeezeHistogram[1] then color.RED else color.YELLOW);

hist.assignvaluecolor(if squeezeHistogram >= 0 then 

    if squeezeHistogram > squeezeHistogram[1] then color.CYAN else color.BLUE

    else if squeezeHistogram < squeezeHistogram[1] then color.RED else color.YELLOW);