To see the P&L of those simulated trades, hover directly over one of the labels and right-click to open a new menu. On the chart, "BollingerBandsLE" and "BollingerBandsSE" labels now appear, indicating the simulated buying and selling of 100 stock shares based on the Bollinger Bands test. Double-click each one to add it to the list of studies and strategies in the main body of the Added studies and strategies window. Those are the long-entry and short-entry commands based on Bollinger Bands ®. For example, it's possible to add the BollingerBandsLE and BollingerBandsSE strategies from the menu.When choosing strategies from the list, add strategies that include both "long entry" (LE) and "short entry" (SE) as part of their names. In the pop-up Edit Studies and Strategies window, select the Strategies tab on the left.Go to Studies under the Charts tab and select Edit studies.The flag only appears on charts of the same aggregation, and the entry in the order book specifies the aggregation as well. If the alert was created on the five-minute chart, then it wouldn't trigger. The slopes of lines change when they're applied to different chart aggregations, so an alert will trigger only when a crossover occurs on the same aggregation as the original chart.įor example, it's possible to see a crossover on a 15-minute chart that doesn't appear on a five-minute chart. Understanding the chart's time frame is important. The Alert Book displays the name of the drawing and symbol for each alert, as well as the time frame of the applicable chart. This selection adds the drawing alert to the Alert Book section of the MarketWatch tab, along with any other alerts previously set. Users can edit or cancel the alert by right-clicking the flag.īefore creating the alert, a trader can also check the Show Alert Book after I press Create box (see below). A flag appears on the chart drawing to indicate that an alert was set. After entering the parameters, select Create to set the alert. A dialog box opens up that allows the user to define how they'd like the alert to trigger as seen in the chart image below.ĭrawings are essentially simple lines, so alerts can trigger when prices cross them.Īdditionally, standard alert preferences can be set from this menu, such as the notification method or when the alert should expire. While on a chart, select a drawing line and right-click to select Create alert in the drop-down menu, and select Single or Calendar. Whenever a security's price breaks through a defined, trend, the user is notified. The thinkorswim platform allows users to set alerts based on chart drawings such as trendlines, retracement levels, price channels, and more. Wealth and Investment Management Solutions.Meet the experts behind Schwab's investing insights.Environmental, Social and Governance (ESG) Investing.Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs. Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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