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Author: Larry

WST Trend Strength Indicator

March 18, 2022 Larry

WST Trend Strength This lower thinkorswim indicator measures the angle of 4 EMAs (all 4 EMAs can be customized by…

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Posted in: ThinkorSwim Indicators

Squeeze Pro for TOS Mobile

January 10, 2022 Larry

I was able to fix the code on the original Squeeze Pro indicator made by Mobius and assembled by TheBewB…

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Posted in: ThinkorSwim Indicators

WST MTM Package

August 7, 2021 Larry

This package includes the WST MTM lower indicator, The WST MTM candle painting upper study and two scanners (bullish and…

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Posted in: ThinkorSwim Indicators

TTM Squeeze

February 22, 2021 Larry 2 Comments

The Squeeze indicator measures the relationship between two studies: Bollinger Bands® and Keltner’s Channels. When the volatility increases, so does the distance…

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Posted in: Indicators

Support And Resistance

February 20, 2021 Larry 2 Comments

In simple terms support is the price at which a stock finds support and will stop declining and start consolidating…

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Posted in: Chart Reading

LONG CALL BUTTERFLY

February 11, 2021 Larry Leave a comment

Example: Sell 2 calls; buy 1 call at next lower strike; buy 1 call at next higher strike (the strikes…

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Posted in: Neutral Options Strategies

COVERED COMBINATION/COVERED STRANGLE

Larry Leave a comment

Example: Own stock; sell one call; sell one put; underlying price typically between short call and short put strikesMarket Outlook:…

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Posted in: Neutral Options Strategies

CALENDAR SPREAD

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Example: Sell 1 call; buy 1 call at same strike but longer expiration; also can be done with putsMarket Outlook:…

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Posted in: Neutral Options Strategies

SHORT STRANGLE

Larry Leave a comment

Example: Sell 1 call with higher strike; sell 1 put with lower strikeMarket Outlook: NeutralRisk: UnlimitedReward: LimitedIncrease in Volatility: Hurts…

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Posted in: Neutral Options Strategies

SHORT STRADDLE

Larry Leave a comment

Example: Sell 1 call; sell 1 put at same strikeMarket Outlook: NeutralRisk: UnlimitedReward: LimitedIncrease in Volatility: Hurts positionTime Erosion: Helps…

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Posted in: Neutral Options Strategies

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