Product Description
thinkorswim Brokemap Tape Reader Indicator
$99.99
This study is a single tick based volume profiler that keeps track of volume data provided by thinkorswim. The study provides the following signals:
- Large volume buys and sells;
- Volume based buy the dip and sell the rip signals; and
- Net volume delta profile.
Description
The thinkorswim Brokemap Tape Reader indicator can follow subsurface volume delta of trades on any ticker. The thinkorswim Brokemap Tape Reader indicator uses the thinkorswim tick data feed to tally the delta of running trades. This can higlight whether rips and being sold and dips are being absorbed.
The study is comprised of 3 parts: (1) the cumulative tape, (2) the tick signals and (3) the trend follower. The cumulative tape illustrates a relative and cumulative picture of the trade volume on the underlying. The large volume reader plots signals of large buy or sell trades on the underlying. Also, the tick ratio follows volume trend, not price. It establishes conditions to indicate a selloff to buy and a rip to sell.
The indicator can do:
- Profile a running delta of the subsurface volume;
- Buy the dip (BTD) and sell the rip (STR) signals based on the historical volume trends;
- Witness large volume buys and sells across the tape;
- The study works with any company stock ($AMZN, $APPL, $GOOG, $TSLA, $MSFT);
- Works on any equity index ($SPY, $QQQ, $IWM, $DIA);
- Works on all equity indexes ($SPX, $NDX);
- Also works on futures (/ES, /NQ).
The product includes a how-to guide with detailed usage instructions.
Disclaimer
The information contained therein, or inferred from the product therein, are not intended as, and shall
not be construed or understood to be financial advise or any promise of success, profit or guarantee of
such. The creator of this product is neither a financial advisor, attorney or an accountant, or holding out to
be, and the information contained therein or inferred from the product therein is not, and should not be
seen or interpreted to be financial advise of any kind. The creator of this product is absolutely no aware
of your individual circumstances and making any guarantee, implied or not, of any performance result:
positive or negative. The creator has attempted, to the best of his ability, to generate a useful product for
those interested in engaging in trading of the underlying securities mentioned therein. Nothing contained
herein should be viewed as a substitute to professional financial advise fit for your situation and your
individual circumstances. In addition to this, the purchase of the materials implies that you agree that any reproduction, resale,
reuse or usage not otherwise permitted by the owner is strictly prohibited.
Absolutely no returns and no refunds after purchase.