How To Hide Drawings On Thinkorswim
Technical Drafting Course: Making Drawings Easy and Accessible
Learn how new drawing tools on thinkorswim can brand custom drawing and note uncomplicated and easily accessible.
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When new data or information conflicts with your market outlook, are you the blazon who allows your ego to get in the way, or are yous open to modify? Some would call that openness "mental flexibility," and in the oftentimes isolating globe of markets, physical flexibility can help promote mental flexibility. The new "Drawings Fabricated Easy and Accessible" update on the thinkorswim® platform from TD Ameritrade tin can guide you lot toward both these types of flexibility. Just before we become into the applications for this new update, let's have a moment to briefly cover the mechanics. The new cartoon tool set allows yous to create custom cartoon sets—your personalized chart drawings—tied to specific charts and symbols, and store them all on the deject. So each chart has its ain cartoon gear up, and each drawing set up is uniquely tied to a symbol. This allows you to create any number of drawing sets for stock ABC, but keeps them split from sets for XYZ, or any other symbols. I of the almost powerful things about this new feature is the way you can apply it for a "peak-downwardly" approach toward chart analysis. Let'due south await at an case of how this tin can piece of work by creating and saving three new cartoon sets, which we'll call "long-term tendency," "support levels," and "intraday wait." Long-term trend: Figure 1 pulls back broad on the chart to evidence more than data—in this case, one year's worth—and with primary trendlines drawn in. This tin can give y'all a clear and easy-to-read macro view. These lines indicate a possible uptrend in both the long-term and intermediate terms. Figure one: TREND LINES. One-yr chart of an example stock, with long- and intermediate-term trendlines. Epitome source: the TD Ameritrade thinkorswim® platform. For illustrative purposes merely. By performance does not guarantee future results. Back up levels: Once potential trends are identified, nosotros can define and annotate back up and resistance levels past going back to the default drawing prepare (which has no drawings) and drawing lines to betoken what we recall are the important levels. We then save this prepare equally "Back up Levels." By creating a new set, with unique drawings, the previous set's trendlines remain intact. Figure 2: ADD Back up AND RESISTANCE LINES. Annotate and save every bit a unique ready. Image source: the TD Ameritrade thinkorswim® platform. For illustrative purposes only. Past performance does non guarantee hereafter results. Now, hither'southward where things go really cool. Intraday look: Having reviewed the macro moving-picture show, we tin can drill downward to the short-term, intraday view using a v-minute chart like the one shown in figure iii. We tin get super detailed with with the cartoon and annotations to assist place potential entry and exit points. Information technology'southward on this view where text notes can really help. Once this view is gear up, we tin save it in a new cartoon set called "Intraday Wait." FIGURE iii: INTRADAY LOOK. Adding text notes can aid traders keep focused on potential entry and go out points. Image source: the TD Ameritrade thinkorswim® platform. For illustrative purposes only. Past performance does non guarantee future results. As you tin see, being able to create independent drawing sets tied to specific symbols tin potentially better the flow and quality of analysis. Toggling through saved cartoon sets can enable y'all to speedily and efficiently monitor individual stocks, ETFs, and indexes to promote a more holistic arroyo to chart analysis. Considering the drawings in one set don't overlap with others, your chart view will remain clean and easy to read, showing you only the relevant annotations for the particular fourth dimension frame or vantage point of your choosing. One added characteristic is cloud storage of your drawing sets, pregnant you tin can access your saved drawings from whatsoever computer. And so you can move about, unchained from your desk, knowing that, wherever you lot log in to thinkorswim, your drawings are there.Cartoon Sets in Action
The Power of Flexibility
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Source: https://tickertape.tdameritrade.com/tools/drawing-easy-accessible-16009
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