From TradersList Editors

From TradersList Editors

Incorporate this free ThinkorSwim Price Action Indicator to identify trading opportunities and optimize entry and exit points based on probability signals.

Incorporate this free ThinkorSwim Price Action Indicator to identify trading opportunities and optimize entry and exit points based on probability signals.

ThinkOrSwim Indicator

ThinkOrSwim Indicator

High Probability Setup Indicator for ThinkOrSwim: Multi-Signal Confluence Trading Tool

High Probability Setup Indicator for ThinkOrSwim: Multi-Signal Confluence Trading Tool

ThinkOrSwim platform interface displaying a price chart with the High Probability Setup Indicator featuring visual labels for low medium and high probability trade signals based on confluence scoring

by benten on ThinkOrSwim

ThinkOrSwim platform interface displaying a price chart with the High Probability Setup Indicator featuring visual labels for low medium and high probability trade signals based on confluence scoring

by benten on ThinkOrSwim

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Indicator

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ThinkOrSwim

ThinkOrSwim

Price Action

Price Action

High Probability Setup Indicator For ThinkOrSwim

High Probability Setup Indicator For ThinkOrSwim

The High Probability Setup Indicator for ThinkorSwim is an indicator based on another TradingView Indicato highlighting reversal setups with stacked confluence from multiple indicators. Includes distinction between low, medium and high probability signals based on amount of confluence involved.

The High Probability Setup Indicator for ThinkorSwim is an indicator based on another TradingView Indicato highlighting reversal setups with stacked confluence from multiple indicators. Includes distinction between low, medium and high probability signals based on amount of confluence involved.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

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Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

Published by benten on ThinkOrSwim

Published by benten on ThinkOrSwim

Multi-Indicator Confluence Scoring

This indicator stacks signals from multiple underlying technical tools and scores each setup by how many conditions align simultaneously. Rather than relying on a single indicator, it measures the degree of agreement across several - then labels the signal as low, medium or high probability.

Probability Tiers Explained

A low probability signal means only a few conditions triggered, which might still be tradeable but carries more risk. Medium probability shows moderate agreement across tools. High probability setups fire when the maximum number of confluent conditions align - these are the setups worth prioritizing.

Multi-Indicator Confluence Scoring

This indicator stacks signals from multiple underlying technical tools and scores each setup by how many conditions align simultaneously. Rather than relying on a single indicator, it measures the degree of agreement across several - then labels the signal as low, medium or high probability.

Probability Tiers Explained

A low probability signal means only a few conditions triggered, which might still be tradeable but carries more risk. Medium probability shows moderate agreement across tools. High probability setups fire when the maximum number of confluent conditions align - these are the setups worth prioritizing.

Reversal Setup Focus

The indicator is designed primarily around reversal setups, highlighting moments where price is likely to change direction. By requiring multiple tools to agree on a reversal at the same time - such as RSI, moving averages and price patterns - false signals are significantly reduced.

Practical Filtering for Trade Plans

Use the probability tiers as a filter for your trade plan. Only take high probability signals for conservative approaches, or include medium signals when you want more opportunities. The tiered system lets each trader calibrate risk and frequency to match their personal trading style.

Reversal Setup Focus

The indicator is designed primarily around reversal setups, highlighting moments where price is likely to change direction. By requiring multiple tools to agree on a reversal at the same time - such as RSI, moving averages and price patterns - false signals are significantly reduced.

Practical Filtering for Trade Plans

Use the probability tiers as a filter for your trade plan. Only take high probability signals for conservative approaches, or include medium signals when you want more opportunities. The tiered system lets each trader calibrate risk and frequency to match their personal trading style.

Automatic detection of key reversals

Automatic detection of key reversals

This indicator stacks signals from multiple technical tools and scores each setup by how many conditions align simultaneously. Signals are labeled as low, medium or high probability based on the degree of confluence.

This indicator stacks signals from multiple technical tools and scores each setup by how many conditions align simultaneously. Signals are labeled as low, medium or high probability based on the degree of confluence.

Filter Setups by Confluence Count

Rather than relying on a single indicator, the tool measures agreement across several. High probability setups fire when maximum confluent conditions align.

Focus on Statistically Extreme Points

Low probability means few conditions triggered. Medium shows moderate agreement. Use probability tiers as a filter calibrated to your risk tolerance.

Let the Tool Scan for Reversal Patterns

The indicator highlights reversal moments where multiple tools agree. By requiring RSI, moving averages and price patterns to align, false signals reduce significantly.

Common Questions About Confluence-Based Signals

Common Questions About Confluence-Based Signals

Multi-indicator confluence scoring aims to filter out weak signals, but understanding how probability tiers work is essential. Here are common questions about confluence trading.

Multi-indicator confluence scoring aims to filter out weak signals, but understanding how probability tiers work is essential. Here are common questions about confluence trading.

What indicators contribute to the probability scoring?

The indicator combines signals from multiple technical tools such as RSI, moving averages and price patterns. When more conditions align simultaneously, the probability tier increases. Exact components depend on the specific script version.

Should I only trade high probability signals and ignore low probability ones?

That depends on your risk tolerance. High probability signals have more confluence but occur less frequently. Some traders include medium signals for more opportunities while accepting slightly lower win rates. Match the tier to your trading plan.

Why do high probability signals sometimes fail?

No signal works 100% of the time. Markets can gap against positions on news or experience unusual conditions. Probability tiers improve odds but do not guarantee outcomes. Always use appropriate position sizing and stop losses.

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Web sentiment

Web sentiment

Traders online feel positive about the High Probability Setup Indicator for ThinkorSwim, praising its usefulness, customization, and supportive community engagement.

Traders online feel positive about the High Probability Setup Indicator for ThinkorSwim, praising its usefulness, customization, and supportive community engagement.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

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TradersList Reviews (6)

TradersList Reviews (6)

TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.

TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.

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Source: TradersList Reviews

Source: TradersList Reviews

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🔑

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Fractal Boxes by Mobius For ThinkOrSwim

🔑

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The Nadaraya-Watson Envelope - Non Repaint for ThinkOrSwim is an Indicator that uses the Nadaraya-Watson method to create a non-repainting envelope for identifying price extremes.

ThinkOrSwim price chart displaying the TheoTrade Expected Moves indicator with graphical overlays representing implied volatility and expected price ranges

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by merryday

Free

ThinkOrSwim Indicator

TheoTrade Expected Moves For ThinkOrSwim

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TheoTrade Expected Moves For ThinkOrSwim is a ThinkOrSwim indicator that uses implied volatility to estimate a stock's potential price range over a specified timeframe.

ThinkOrSwim trading chart displaying adaptive zones overlaying price action bars and a lower panel showing a wave oscillator for momentum analysis

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by chemmy

Free

ThinkOrSwim Indicator

Adaptive Zones with Wave Oscillator for Momentum For ThinkOrSwim

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Adaptive Zones with Wave Oscillator for Momentum For ThinkOrSwim is a free ThinkOrSwim indicator that combines adaptive zones and a wave oscillator to dynamically interpret trend cycles and market momentum.

ThinkOrSwim price chart displaying the HTF PO3 indicator overlay highlighting accumulation manipulation and distribution phases on higher timeframe bars

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by futuretony

Free

ThinkOrSwim Indicator

HTF PO3 Indicator For ThinkOrSwim

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HTF PO3 Indicator For ThinkOrSwim is an Indicator that leverages the ICT Power of 3 concept to analyze market phases by identifying Accumulation, Manipulation and Distribution.

ThinkOrSwim price chart displaying the mAcDX Reverser indicator with signals for extreme MACD levels and turning ADX values over 30 indicating trend reversals

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by chence27

Free

ThinkOrSwim Indicator

mAcDX Reverser For ThinkOrSwim

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mAcDX Reverser For ThinkOrSwim is a free ThinkOrSwim Indicator that detects strong trend reversals by identifying extreme MACD levels coupled with shifts in ADX above 30, constituting a reversal signal.

ThinkOrSwim trading chart displaying the MTF Anticipated Price Level Indicator with volume-weighted average price profiles and multi-time frame trend analysis. The visual includes support and resistance zones marked on the price action and labels showing percentage changes.

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by traderzen

Free

ThinkOrSwim Indicator

MTF Anticipated Price Level Indicator For ThinkOrSwim

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MTF Anticipated Price Level Indicator for ThinkOrSwim is an indicator that uses Multi-Time Frame analysis and VWAP profiles to identify anticipated points of interest based on historical price data.

ThinkOrSwim chart displaying the Standard Deviation Channels X3 indicator with three sets of deviation bands around a central trend line to visualize price action boundaries and mean reversion points

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by m_morisette

Free

ThinkOrSwim Indicator

Standard Deviation Channels X3 For ThinkOrSwim

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Standard Deviation Channels X3 For ThinkOrSwim is an Indicator that calculates standard deviation channels to visualize statistical deviations from the mean, enabling users to identify potential trend reversions based on historical price action.

Phoenix Finder Trend Strength Indicator for ThinkorSwim showing a chart with candle-style visuals for 14 stocks colored and ranked by Phoenix Strength metrics

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by cos251

Free

ThinkOrSwim Indicator

Phoenix Finder Trend Strength Indicator For ThinkOrSwim

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Phoenix Finder Trend Strength Indicator for ThinkorSwim is an Indicator that plots candles for 14 stocks based on Phoenix Strength, identifying trending states within specific sectors. Spot outperforming stocks at glance using this indicator.

ThinkOrSwim price chart displaying Bollinger Bands overlay with integrated RSI, MFI and Relative Volume metrics

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by goingdark365

Free

ThinkOrSwim Indicator

Bollinger bandswith Rsi ,Mfi, Rvol For ThinkOrSwim

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Bollinger bandswith Rsi, Mfi, Rvol For ThinkOrSwim is a free ThinkOrSwim indicator combining Bollinger Bands with RSI, MFI, and relative volume into one for reading sentiment from multiple indicators in one view.

ThinkOrSwim chart displaying the dBands Upper Indicator with Bollinger Bands and Keltner Channels overlaying price bars

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by mbarcala

Free

ThinkOrSwim Indicator

dBands Upper Indicator For ThinkOrSwim

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🌐

dBands Upper Indicator For ThinkOrSwim is a free Indicator that combines Bollinger Bands and Keltner Channel into one tool with variety of customziation options. Useful for identifying support, resistance as well as potential breakouts.

ThinkOrSwim price chart displaying the Day of Week Gap Analytics indicator with a sub-graph showing cumulative ticks gained or lost on gap bars for each day of the week.

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by ommni007

Free

ThinkOrSwim Indicator

Day of Week Gap Analytics For ThinkOrSwim

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Day of Week Gap Analytics For ThinkOrSwim is a free Indicator that analyzes cumulative tick changes on gap bars for each day of the week for discovering time based statistical edge.

ThinkOrSwim price action chart displaying the Rahul Mohindar Oscillator RMO indicator with color-coded trending states. The display shows green phases indicating building momentum and highlights red bars to signify potential market reversals or momentum slowdowns.

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by benten

Free

ThinkOrSwim Indicator

Rahul Mohindar Oscillator (RMO) Indicator For ThinkOrSwim

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The Rahul Mohindar Oscillator (RMO) Indicator for ThinkorSwim identifies potential market reversals and momentum slowdowns based on the oscillator movement. Useful for visually identifying different trending stages.

ThinkOrSwim price chart displaying the Wick Pressure indicator highlighting upper and lower wicks at overbought and oversold levels to indicate buying and selling pressure

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by tptrades

Free

ThinkOrSwim Indicator

Wick Pressure For ThinkOrSwim

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Wick Pressure For ThinkOrSwim is an Indicator that analyzes multiple wick formations at overbought and oversold levels for a filtered and refined identifying of buying and selling pressure.

ThinkOrSwim price chart displaying the Leledc Exhaustion Indicator with visual markers on price bars indicating trend fatigue and potential reversals.

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by benten

Free

ThinkOrSwim Indicator

Leledc Exhaustion Indicator For ThinkOrSwim

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Leledc Exhaustion Indicator for ThinkorSwim is an indicator based on price action patterns associated with potential trend exhaustion, signaling when a trend may be ending or nearing a correction in its current direction.

ThinkOrSwim chart interface displaying the Ehler's Instantaneous Trend indicator plotted over price data

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by armybender

Free

ThinkOrSwim Indicator

Ehler's Instantaneous Trend [LazyBear] For ThinkOrSwim

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Ehler's Instantaneous Trend [LazyBear] For ThinkOrSwim is a free moving average Indicator based on Ehler's Instantaneous Trend. This moving average is calculated based on John Ehler's earliest implementations, acting similarly to Hull Moving Average (HMA) with minimal lag.

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Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

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Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

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