#thinkscript indicator : ATR, ATR In Play ThinkScript indicator ATR for Thinkorswim account. This indicator will show the average daily movement of the stock in cents for a certain period.ĪTR In-Play shows how much current stock already moved in its ATR for the current trading session. You can test ADX indicator for TOS right now! ⬇️ This is recommended by the indicator’s creator, Welles Wilder. ⚙️Input length variable should be set to “14” days (half cycle of 28 trading days). If you need standard ADX indicator, just delete the last line in code. Due to this, the direction of the market (up or down) will be at its peak when ADX is higher and vice versa.ĪDXR indicator is giving a correction to the standard ADX indicator. Important! With the help of ADX indicator you can measure the strength of the trend, but not it’s direction. ? ADX indicator measures the strengths of the current trend on the market and usually used by traders as a support-signal to close their positions, as well as the main signal to open a trade. ADX and ADXR indicator in Thinkorswim trading platform I will be happy to receive any kind of feedback. ?Save it not to lose later and leave comments if it was useful. I’m sure that with the help of this indicator you will be able to make an intricate market analysis far easier.Īt the same time, we will analyze all settings and technical aspects of our indicator use in real market conditions. To your attention, I present 5 ready-to-use indicators for ThinkOrSwim trading platform absolutely for free.