ThinkorSwim is the best platform for beginner options traders and stock market analysis. It’s the best place for many who ask where to learn options trading. The best thing is that is completely FREE. It has a staggering amount of features, which may be daunting to some, but we can help you customize it for your needs.
In this post, we will introduce how to add one of our favorite indicators to your stock charts in ThinkorSwim (ToS). It is the Average True Range (ATR) and Expected Move (ExpM). The Average True Range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. Put simply, it tells the range that this stock may move in either direction based off of results for a certain time period. Similarly, expected move is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of implied volatility for binary events.
We like to place ATR and ExpM in the Top Left corner of our charts so that we can scan through equities quickly and do a quick analysis when looking for good trades to make.
If you’re ready to learn more about how to tailor ThinkorSwim to make you a better trader or are looking for a new platform, set up a FREE consultation with us and we can add this tool, along with many others to your platform as we teach you where to learn options trading and how to do it successfully. Book your appointment using the link below.
Lastly, here is the link to create a Paper Money account to log in with. Note that you can create an account without any really sensitive info (SS#, bank account, etc.). However, this will be a free trial account for 1 month.