Creating a ThinkOrSwim Scan

[stinkystank 10]

I am looking for some direction on how to go about creating the following:

 

1. What Amibroker calls an "exploration". This is basically an EOD scan that looks for various criteria.

 

2. How to scan stocks real-time for various conditions (i.e. oversold full stochastics cross)

 

One of my strats is to look for stocks in well-defined daily trends (21 EMA > 50 EMA > 200 or perhaps 21 EMA < 50 EMA < 200) and then watch them on the 60 minute or 15 minute looking for overbought/oversold full stochastics.

 

I was hoping to automate both procedures with TOS and perhaps even combine them for real-time use during the day.

 

Anyone know if this is possible?

Edited October 1, 2010 by stinkystank

[Tradewinds 12]

Have you taken a look at this group?

TOS_thinkscript : Think or Swim Thinkscript programmer

[HowardCohodas 10]

TOS has at least three environments that I know about for creating scan-type results and I'm relatively new to the platform.

 

The most primitive can be found on the Scan tab. Look at the StockHacker and SpreadHacker for some ideas on what it can do.

 

The second environment is ThinkScript mentioned above. I'm not very familiar with its complete capability.

 

The most fascinating environment is the Prodigio application. It's appeal is a graphical environment to create your rules. This environment contains a great variety of studies including the ones you mention. You can set it up to notify you or robot trade for you when your criteria are met. I watched a demo of creating a Bollinger Band squeeze strategy and was blown away. If it's not on your sub-menu bar when the Trade menu is active, a quick not to TOS will get them to enable it for you.

 

Others more familiar with TOS may know additional capabilities to achieve your goals.