Dyna Range for ThinkorSwim
As the name suggests, this dynamic tool adapts automatically to market conditions. What that means is that this indicator works in trending and choppy conditions. While Dyna Range can be used for entering positions, this indicator is designed specifically to offer objective exit targets based on current market action.
When used with the Ready. Aim. Fire indicator, the goal is to identify when to stay in a trade for maximum available profit, and when to take partial profits.
Think-Or-Swim download page featuring all the ThinkScripts I’ve written for the Thinkorswim platform from TD Ameritrade. My goal with this site is to have fun programming and to provide some useful tools for my fellow TOS traders in the meantime. So here you will find downloads of indicators, chart studies, premium trading strategies, specialized StockHacker scans, and watchlist columns.
Feel free to also check out my blog while you’re here, where I post helpful ThinkOrSwim tutorial videos and updates to my scripts. And let me know if you’re interested in hiring me to do any custom thinkScript programming work, or if you have any questions about my work. Thanks! -Josiah
Author: David Starr
David is Simpler Trading’s “Mad Scientist”. He is the creator of the popular Voodoo Lines(r) and Ready, Aim, Fire! indicators. A trained theoretical mathematician who later took his MBA first in his class, he now trades full-time in addition to helping Simpler Trading clients achieve their own success.
Many might consider his academic achievements and his experience building companies, taking them public, and as a strategic management consultant to some of the most respected first as ideal preparation for success in financial markets. However, he is passionate about stressing that the key to trading success is understanding and managing one’s own emotions.
In the same way that David’s consulting clients prized his ability to provide customized insights into unique business situations, traders who have taken David’s classes or listen to him daily in the Simpler Futures room use his insights to take their trading to the next level. David understands that the same trading style which might allow one trader to approach markets in a calm, collected manner ideal for reaping profits might provoke the emotional demons that incite account-destroying behavior in another.
It is generally more experienced traders who are able to most quickly assimilate the trading lessons David has to share and his talent for solving problems in new and refreshing ways.