From TradersList Editors
From TradersList Editors
Leverage dynamic fair value bands on ThinkOrSwim to evaluate price behavior and identify market trends and potential movements.
Leverage dynamic fair value bands on ThinkOrSwim to evaluate price behavior and identify market trends and potential movements.
Fair Value Bands Indicator for ThinkOrSwim: Detect Price Deviations from Statistical Mean
Fair Value Bands Indicator for ThinkOrSwim: Detect Price Deviations from Statistical Mean

by samer800 on ThinkOrSwim

by samer800 on ThinkOrSwim
🤖
🤖
Fair value bands For ThinkOrSwim
Fair value bands For ThinkOrSwim
Fair value bands for ThinkOrSwim utilizes dynamic price bands to detect normal and abnormal price behavior by gauging divergence from the mean. Smooth and reliable price bands without repainting.
Fair value bands for ThinkOrSwim utilizes dynamic price bands to detect normal and abnormal price behavior by gauging divergence from the mean. Smooth and reliable price bands without repainting.

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.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
Published by samer800 on ThinkOrSwim
Published by samer800 on ThinkOrSwim
Dynamic Fair Value Detection
Fair value bands calculate where price should be trading based on statistical analysis of recent price behavior. When price deviates significantly from these bands, it signals abnormal behavior - either an overextension that will revert or the start of a new trend that the bands will eventually catch up to.
Mean Divergence Measurement
The indicator gauges how far price has strayed from its calculated mean. Mild deviations represent normal market fluctuation, while extreme deviations flag abnormal conditions. For example, price pushing two band widths above the mean after a news catalyst likely needs to compress back toward equilibrium.
Dynamic Fair Value Detection
Fair value bands calculate where price should be trading based on statistical analysis of recent price behavior. When price deviates significantly from these bands, it signals abnormal behavior - either an overextension that will revert or the start of a new trend that the bands will eventually catch up to.
Mean Divergence Measurement
The indicator gauges how far price has strayed from its calculated mean. Mild deviations represent normal market fluctuation, while extreme deviations flag abnormal conditions. For example, price pushing two band widths above the mean after a news catalyst likely needs to compress back toward equilibrium.
Non-Repainting Reliability
The bands are calculated without repainting, meaning historical signals remain accurate after the fact. This is critical for backtesting and building confidence in the tool. What you see on past bars is exactly what you would have seen in real time - no hindsight adjustment to flatter past performance.
Support and Resistance Application
The upper and lower bands function as dynamic support and resistance that adapt to current volatility. Trend traders use the midline as a trailing reference, tightening stops when price falls below it. Mean-reversion traders fade extremes at the outer bands, entering positions that target a return to the center.
Non-Repainting Reliability
The bands are calculated without repainting, meaning historical signals remain accurate after the fact. This is critical for backtesting and building confidence in the tool. What you see on past bars is exactly what you would have seen in real time - no hindsight adjustment to flatter past performance.
Support and Resistance Application
The upper and lower bands function as dynamic support and resistance that adapt to current volatility. Trend traders use the midline as a trailing reference, tightening stops when price falls below it. Mean-reversion traders fade extremes at the outer bands, entering positions that target a return to the center.
Keep up with fair value
Keep up with fair value
Fair value bands calculate where price should trade based on statistical analysis. When price deviates significantly from these bands, it signals abnormal behavior indicating either overextension or the start of a new trend.
Fair value bands calculate where price should trade based on statistical analysis. When price deviates significantly from these bands, it signals abnormal behavior indicating either overextension or the start of a new trend.
Spot Price Deviations from Fair Value
The indicator gauges how far price strayed from its mean. Extreme deviations flag abnormal conditions likely to compress back toward equilibrium.
Read Trend Direction from Band Position
Upper and lower bands function as dynamic support and resistance. Trend traders use the midline as a trailing reference for stops.
Flag Statistically Extended Moves
Non-repainting bands ensure historical signals remain accurate. What you see on past bars is exactly what you would have seen in real time.
Common Questions About Fair Value Band Analysis
Common Questions About Fair Value Band Analysis
Fair value bands define expected price ranges based on statistical deviation from average prices. These questions address how to interpret and trade within these dynamically calculated boundaries.
Fair value bands define expected price ranges based on statistical deviation from average prices. These questions address how to interpret and trade within these dynamically calculated boundaries.
What does price reaching the outer band indicate?
Price at outer bands suggests extension from fair value that may not be sustainable. Mean reversion traders look for rejection at these levels. However, in strong trends price can ride along outer bands for extended periods. Band touches signal potential, not guaranteed reversals.
How do I determine which fair value calculation to use?
VWAP-based bands reflect volume-weighted average cost while statistical bands use standard deviation. VWAP bands suit intraday trading around institutional average prices. Standard deviation bands work across timeframes for volatility-based analysis. Test both on your markets.
Should I enter when price touches the band or wait for confirmation?
Waiting for rejection confirmation improves win rate but may sacrifice entry price. Many traders enter partial positions at the band with plans to add on confirmation. Stops should account for potential band penetration. The strongest signals show immediate rejection rather than lingering.
🌐
🌐
Web sentiment
Web sentiment
Traders show positive sentiment towards Fair value bands for ThinkOrSwim, appreciating its utility and supportive community, despite some interface complaints.
Traders show positive sentiment towards Fair value bands for ThinkOrSwim, appreciating its utility and supportive community, despite some interface complaints.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
✍️
✍️
TradersList Reviews (4)
TradersList Reviews (4)
TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.
TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.
⭐️
⭐️
⭐️
⭐️
⭐️
Source: TradersList Reviews
Source: TradersList Reviews

Bookmark
Saved here
🤖
Get Indicator
Find Indicator
Review
Review Indicator
✍️
⭐️
⭐️
⭐️
⭐️
⭐️
3
Comments
Read on Telegram
Listing by third party publisher. Not financial advice.
Risk Disclosure



Share Listing
🤖
🤖
Get Indicator
Get Indicator
Find Indicator
Find Indicator
✍️
Review
Review
Review Indicator
Review Indicator
⭐️
⭐️
⭐️
⭐️
⭐️
Saved here

Bookmark
Listing by third party publisher. Not financial advice.
Listing by third party publisher. Not financial advice.
Risk Disclosure
Risk Disclosure
Share



🤖
3
🤖
3
🤖
3
✍️
By Author
More by samer800

🤖
by samer800

Free
ThinkOrSwim Indicator
Linear Regression Dev ++ For ThinkOrSwim
🔑
🌐
Linear Regression Dev ++ for ThinkOrSwim is a free indicator that analyzes market trends using linear regression channels based on most recent price data. Users should note the channels repaint, but minimally so due to long calculation length.

🤖
by samer800

Free
ThinkOrSwim Indicator
Nadaraya-Watson Envelope - Non Repaint[Sam4cok] For ThinkOrSwim
🔑
✅
🏅
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.

🤖
by samer800

Free
ThinkOrSwim Indicator
Support Resistance with Breaks and Retests For ThinkOrSwim
🔑
🌐
🏅
Support Resistance with Breaks and Retests for ThinkOrSwim is an Indicator that identifies key support and resistance levels, as well as breakouts and retests for streamlined, automated price action analysis.
Load More

🤖
by samer800

Free
ThinkOrSwim Indicator
Linear Regression Dev ++ For ThinkOrSwim
🔑
🌐
Linear Regression Dev ++ for ThinkOrSwim is a free indicator that analyzes market trends using linear regression channels based on most recent price data. Users should note the channels repaint, but minimally so due to long calculation length.

🤖
by samer800

Free
ThinkOrSwim Indicator
Nadaraya-Watson Envelope - Non Repaint[Sam4cok] For ThinkOrSwim
🔑
✅
🏅
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.
Load More
🔥
New Listings
Featured this week

🤖
by allanster

Free
TradingView Indicator
Growing or Waning Patterns [Alerts]
New
🔑
🌐
Growing or Waning Patterns [Alerts] is a TradingView indicator that detects reversal signals based on three candle body patterns. The patterns are classified as increasing or decreasing depending on bullish and bearish states. Additional features include alerts and trend filter.

📟
Free*
Trade Analytics Platform
TRDR.IO
New
🌐
✅
🏅
TRDR.IO is a crypto orderflow platform providing various tools visualizing crypto exchange order book activity. See bid-ask imbalances, buy and sell demand as well as order book depth in real-time with intuitive visual overlays. Additional features include alerts and scanning crypto markets for orderflow events.

🤖
by LeviathanCapital

Free
TradingView Indicator
Swing Levels and Liquidity - By Leviathan
New
🔑
🌐
✅
Swing Levels and Liquidity is a TradingView Indicator that displays swing high and low levels with volume traded at the pivots. Once formed, these levels likely retain liquidity that traders can expect to produce support and resistance in price when swept.

🤖
by allanster

Free
TradingView Indicator
Growing or Waning Patterns [Alerts]
New
🔑
🌐
Growing or Waning Patterns [Alerts] is a TradingView indicator that detects reversal signals based on three candle body patterns. The patterns are classified as increasing or decreasing depending on bullish and bearish states. Additional features include alerts and trend filter.

📟
Free*
Trade Analytics Platform
TRDR.IO
New
🌐
✅
🏅
TRDR.IO is a crypto orderflow platform providing various tools visualizing crypto exchange order book activity. See bid-ask imbalances, buy and sell demand as well as order book depth in real-time with intuitive visual overlays. Additional features include alerts and scanning crypto markets for orderflow events.
Load More
🤖
Similar Listings
Traders also viewed
All

🤖
by ziongotoptions

Free
ThinkOrSwim Indicator
Option Heatmap and OI Strikes For ThinkOrSwim
🔑
🌐
✅
Option Heatmap and OI Strikes For ThinkOrSwim is a ThinkOrSwim Indicator that visualizes option volume and open interest through heatmaps with added ADX to analyze trend strength.

🤖
by tiredoflosing

Free
ThinkOrSwim Indicator
NextSignal's Market Volume Profile For ThinkOrSwim
🔑
🌐
✅
NextSignal's Market Volume Profile is a ThinkOrSwim indicator that displays key orderflow levels overlayed on top for each candle, volume point of control (VPOC) and time point of control (TPOC).

🤖
by cwparker23

Free
ThinkOrSwim Indicator
Buy Sell Pressure Candle Overlay For ThinkOrSwim
🔑
🌐
🏅
Buy Sell Pressure Candle Overlay for ThinkOrSwim is an indicator that visualizes buying and selling pressure on candlestick charts in a simple meter format, allowing an easy glance at dominating side for given candle.

🤖
by markos

Free
ThinkOrSwim Indicator
Market Profile (TPOProfile) Monkey Bars For ThinkOrSwim
🔑
🌐
✅
Market Profile (TPOProfile) Monkey Bars for ThinkorSwim is a free ThinkorSwim indicator that combines Time Price Opportunity and Monkey Bars studies to map time and price opportunities for classical orderflow analysis. Includes value area and an easy distinction of points of control (POC).

🤖
by sudoshu

Free
ThinkOrSwim Indicator
OptionsHacker - Volume/Open Interest/Gamma
🔑
🌐
✅
OptionsHacker is a ThinkOrSwim indicator that scans the options chain to display volume, open interest and estimated gamma exposure for multiple assets. Monitor and analyze unusual options activity using this indicator.

🤖
by gilda

Free
ThinkOrSwim Indicator
Volume Profile Indicator & POCs For ThinkOrSwim
🔑
🌐
✅
Volume Profile Indicator & POCs For ThinkOrSwim displays how prices moved during the trading day using time and volume distribution. This indicator offers a variety of customizable settings like switching profile type and adjusting price per row height.

🤖
by tiredoflosing

Free
ThinkOrSwim Indicator
NextSignals Aggressive Buy & Sell Pressure Volume For ThinkOrSwim
🔑
✅
NextSignals Aggressive Buy & Sell Pressure Volume is a free ThinkOrSwim indicator that analyzes volume data and closing price to identify aggressive buying and selling pressure, associated with new trends and reversals in price.

🤖
by benten

Free
ThinkOrSwim Indicator
Volume Reversal Model For ThinkOrSwim
🔑
🏅
The Volume Reversal Model for ThinkorSwim is a free indicator that identifies potential reversals using unusual volume patterns, displayed as simple arrows and colored candles.

🤖
by benten

Free
ThinkOrSwim Indicator
Market Value Areas Indicator For ThinkOrSwim
🔑
🌐
✅
🏅
Market Value Areas Indicator for ThinkorSwim is an Indicator utilizing Market Profile to detect high-volume trading areas within candles. Features additional features like value area, a price-in-value-area scanner, volume spike detection and more.

🤖
by benten

Free
ThinkOrSwim Indicator
Unusual Volume For ThinkOrSwim
🔑
🌐
✅
🏅
Unusual Volume For ThinkOrSwim is a ThinkOrSwim Indicator and scanner that identifies stocks with significant and sudden changes in trading volume, helping users detect unusual volume activity and its implications for price action.

🤖
by samer800

Free
ThinkOrSwim Indicator
L3 Banker Fund Flow Trend Oscillator For ThinkOrSwim
🔑
🌐
🏅
The L3 Banker Fund Flow Trend Oscillator is a ThinkOrSwim Indicator that tracks the buying and selling activities of large institutional investors, or "whales," to identify where high value orders are creating buy or sell pressure.

🤖
by futuretony

Free
ThinkOrSwim Indicator
Opening Range Indicator with Measured Moves and VWAP For ThinkOrSwim
🔑
🌐
🏅
The Opening Range Indicator with Measured Moves and VWAP for ThinkOrSwim highlights selected market events during a set period, plotting key levels and VWAP to track fair value and high probability price levels.

🤖
by benten

Free
ThinkOrSwim Indicator
Price Volume Divergence Indicator For ThinkOrSwim
🔑
🌐
🏅
The Price Volume Divergence Indicator for ThinkorSwim detects bullish and bearish divergences in price and volume, signaling potential market reversals.

🤖
by futuretony

Free
ThinkOrSwim Indicator
Naked POC finder For ThinkOrSwim
🔑
✅
Naked POC Finder is a ThinkOrSwim indicator that displays Volume Point of Control (vPOC) for levels where price has not returned yet, using either previous month, week and daily timeframes. Additionally, the indicator displays Value Area (VA) for the selected timeframes.

🤖
by benten

Free
ThinkOrSwim Indicator
Time Weighted Average Price (TWAP) Indicator For ThinkOrSwim
🔑
🌐
✅
Time Weighted Average Price (TWAP) is a ThinkOrSwim indicator that calculates average price based on time. Similar to volume weighted average price (VWAP), TWAP aims to keep track of fair value in a given market.

🤖
by benten

Free
ThinkOrSwim Indicator
Intraday VWAP Reversion Indicator For ThinkOrSwim
🔑
🌐
🏅
The Intraday VWAP Reversion Indicator for ThinkorSwim is an Indicator based on a mean reversion strategy using VWAP and ATR, generating signals when the closing price deviates from VWAP by more than a user-defined threshold.

🤖
by samer800

Free
ThinkOrSwim Indicator
VWAP Oscillator (Normalized)
🔑
✅
🏅
VWAP Oscillator (Normalized) is an Indicator for ThinkOrSwim that calculates VWAP using both volume and price data to display the information in a normalized oscillator format.

🤖
by samer800

Free
ThinkOrSwim Indicator
Volume Divergence VN For ThinkOrSwim
🔑
🌐
🏅
Volume Divergence VN for ThinkOrSwim is an indicator that uses weighted moving averages of trading volume to identify discrepancies between volume and price movements for potential shifts in trend direction.

🤖
by redtogreen

Free
ThinkOrSwim Indicator
Working Volume Indicator for Range/Renko Bars
🔑
🌐
Working Volume Indicator for Range/Renko Bars is a ThinkOrSwim indicator that visualizes volume fluctuations on Range and Renko bars by combining multiple indicators.

🤖
by ziongotoptions

Free
ThinkOrSwim Indicator
Option Heatmap and OI Strikes For ThinkOrSwim
🔑
🌐
✅
Option Heatmap and OI Strikes For ThinkOrSwim is a ThinkOrSwim Indicator that visualizes option volume and open interest through heatmaps with added ADX to analyze trend strength.

🤖
by tiredoflosing

Free
ThinkOrSwim Indicator
NextSignal's Market Volume Profile For ThinkOrSwim
🔑
🌐
✅
NextSignal's Market Volume Profile is a ThinkOrSwim indicator that displays key orderflow levels overlayed on top for each candle, volume point of control (VPOC) and time point of control (TPOC).

🤖
by cwparker23

Free
ThinkOrSwim Indicator
Buy Sell Pressure Candle Overlay For ThinkOrSwim
🔑
🌐
🏅
Buy Sell Pressure Candle Overlay for ThinkOrSwim is an indicator that visualizes buying and selling pressure on candlestick charts in a simple meter format, allowing an easy glance at dominating side for given candle.

🤖
by markos

Free
ThinkOrSwim Indicator
Market Profile (TPOProfile) Monkey Bars For ThinkOrSwim
🔑
🌐
✅
Market Profile (TPOProfile) Monkey Bars for ThinkorSwim is a free ThinkorSwim indicator that combines Time Price Opportunity and Monkey Bars studies to map time and price opportunities for classical orderflow analysis. Includes value area and an easy distinction of points of control (POC).

🤖
by sudoshu

Free
ThinkOrSwim Indicator
OptionsHacker - Volume/Open Interest/Gamma
🔑
🌐
✅
OptionsHacker is a ThinkOrSwim indicator that scans the options chain to display volume, open interest and estimated gamma exposure for multiple assets. Monitor and analyze unusual options activity using this indicator.

🤖
by gilda

Free
ThinkOrSwim Indicator
Volume Profile Indicator & POCs For ThinkOrSwim
🔑
🌐
✅
Volume Profile Indicator & POCs For ThinkOrSwim displays how prices moved during the trading day using time and volume distribution. This indicator offers a variety of customizable settings like switching profile type and adjusting price per row height.

🤖
by tiredoflosing

Free
ThinkOrSwim Indicator
NextSignals Aggressive Buy & Sell Pressure Volume For ThinkOrSwim
🔑
✅
NextSignals Aggressive Buy & Sell Pressure Volume is a free ThinkOrSwim indicator that analyzes volume data and closing price to identify aggressive buying and selling pressure, associated with new trends and reversals in price.

🤖
by benten

Free
ThinkOrSwim Indicator
Volume Reversal Model For ThinkOrSwim
🔑
🏅
The Volume Reversal Model for ThinkorSwim is a free indicator that identifies potential reversals using unusual volume patterns, displayed as simple arrows and colored candles.

🤖
by benten

Free
ThinkOrSwim Indicator
Market Value Areas Indicator For ThinkOrSwim
🔑
🌐
✅
🏅
Market Value Areas Indicator for ThinkorSwim is an Indicator utilizing Market Profile to detect high-volume trading areas within candles. Features additional features like value area, a price-in-value-area scanner, volume spike detection and more.

🤖
by benten

Free
ThinkOrSwim Indicator
Unusual Volume For ThinkOrSwim
🔑
🌐
✅
🏅
Unusual Volume For ThinkOrSwim is a ThinkOrSwim Indicator and scanner that identifies stocks with significant and sudden changes in trading volume, helping users detect unusual volume activity and its implications for price action.
Discover trading edge
Discover trading edge
Indicators, Platforms & Education
Indicators, Platforms & Education
TradersList
Discover trading edge
Join Telegram
Weekly listings
Join Telegram
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.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
Weekly listings
Join Telegram
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.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
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.
Read full disclaimer

