Dyna Range - 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