Enhanced thinkScript to Quickly Spot RSI & MACD Dual Divergence | thinkScript Studies on thinkorswim

thinkScript Studies on thinkorswim | Michael Fairbourn | 1-31-25
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
Within this presentation, we initially discussed an enhanced way to scan for double divergences using the RSI and MACD indicators. We specifically looked for a 1 month timeframe with at least 3 divergence indications, which is an enhancement from using the current bar only. We then discussed the thinkScript coding and looked at several examples on the thinkorswim paperMoney platform.
Have a market idea, but you just can't find the tool to put it into action? Create your own custom indicator with thinkScript. Your education coach will build custom trading tools as you watch to help give you an understanding of creating and using scripts on the thinkorswim platform. Time to tinker with those technicals.
1023-3KVR
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.
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Scripts are for educational purposes only, are not a recommendation, and are not guaranteed for time or accuracy.
Today's thinkScripts:
tos.mx/!Lryc22wz
tos.mx/!jZsBurKG
#SchwabCoaching #TraderTalks #MikeFairbourn #thinkorswim

[@lamarrcollier5757]

My favorite setup❤❤❤❤. Yay! Thank you so much Mike!!

[@tradertalkswebcasts]

Great, thanks for feedback! ^MF

[@artvaindelay2085]

Excellent presentation Mike. I would like to request future webcasts about Directional Movement Index (DMI) and Elliot Waves.

[@tradertalkswebcasts]

Thanks you! Great suggestion, noted! ^MF

[@rajr-do9zy]

Awesome presentation Mike👊👊

[@tradertalkswebcasts]

Glad you enjoyed it, thanks for feedback! ^MF

[@kaylahuynh2695]

Thank you for an awesome class!

[@tradertalkswebcasts]

Thanks, glad you found it helpful! ^MF

[@richardjudge2322]

Much appreciated Michael.

[@tradertalkswebcasts]

Thanks, glad you liked it Richard, ^MF

[@michaelwhitehead1373]

Mr. Fairbourn, looks like you are taking over Mr. Roses spot as the in house resident for think script. Do you know where the older TD Ameritrade think script classes are available for us? I wish I would have downloaded them before the Schwab network took over.

[@tradertalkswebcasts]

Sure, here is the playlist ^MF: ua-cam.com/play/PL8a6s5nq1lPRn5Zg4pjdmy4V8wtapnZNf.html

[@michaelwhitehead1373]

@@tradertalkswebcasts Hey, thank you! Appreciate it.