Support/Resistance Lines in ThinkorSwim #shorts

Support/Resistance Lines in ThinkorSwim #shorts

If you're looking to add a line to your chart in ThinkorSwim, it's a simple process. Here's a step-by-step guide using Apple as an example.

1. Selecting the Line Tool
   To add a line, first, go down to the tool menu and select the line tool. It's represented by an icon with a dollar sign.

2. Adding the Line to the Chart
   Click on the line tool and then click anywhere on your chart. Boom, your line is added.

3. Editing the Line
   To edit the line, double-click on it. This action brings up a prompt box. Within this box, you can see various settings.

4. Line Settings

   • Left extension: On
   • Right extension: On
   • Show name: I only use this when I'm marking my cost basis.
   • Show price on the right: Enabled

   If you want these settings as your default, click on "Save as default."

5. Moving the Line
   Click on the line once to enable moving it. You can now drag it wherever needed, and the price will adjust accordingly.

Hope that helps, bro!

Keywords

• ThinkorSwim
• Line tool
• Chart
• Edit line
• Default settings
• Apple
• Cost basis
• Price adjustment

FAQ

Q: How do I select the line tool in ThinkorSwim?
A: Go to the tool menu and choose the line tool, identified by an icon with a dollar sign.

Q: How do I add the line to a chart?
A: Click on the selected line tool, then click anywhere on your chart to add the line.

Q: How can I edit a line after adding it to the chart?
A: Double-click on the line, and a prompt box will appear for customization.

Q: What are the default line settings in ThinkorSwim?
A: Settings include left extension on, right extension on, show name (optional), and show price on the right.

Q: Can I save my line settings as default?
A: Yes, after adjusting your settings, click on "Save as default."

Q: How do I move the line on the chart?
A: Click on the line once to select it, then drag it to your desired position. The price will adjust accordingly.