Hourly ADX watchlist not matching hourly chart


Category:
1
0

Peter I have included a screen shot of the my ADX indicator that I use that is colored red or green depending on the DMI.  Here is my question on CELG I have the weekly and Daily slightly above 20 and on the hourly chart it is way below 20 yet on the watchlist CELG hourly is at 20.62.  What could be wrong with this?

Editor’s note: The title and url of this post was adjusted to make it easier for viewers to identify it’s contents. Some formatting adjustments have also been made. The video to which this viewer is referring is located here: https://www.hahn-tech.com/thinkorswim-adx-dmi-watchlist/

Watchlist

Symbol

Last

Net Chng

%Change

ADX/DMI Wkly

ADX/DMI Dly

ADX/DMI Hrly

AAPL

139

-0.52

-0.37%

29.28

69.72

15.15

ADBE

119.6

-0.38

-0.32%

23.49

39.65

10.03

AMD

13.22

0.17

1.30%

53.83

31.43

15.65

AMGN

177.78

0.4

0.23%

20.14

45.07

21.84

AMZN

850.5

4.48

0.53%

22.8

27.54

12.67

AXP

79.04

-0.54

-0.68%

33.69

36.54

20.73

BABA

103.22

0.59

0.57%

23.96

30.55

14.66

BIDU

173.87

0.13

0.07%

14.98

28.13

12.4

BIIB

294.09

2.99

1.03%

11.85

13.31

19.22

BMY

57.12

0.79

1.40%

20.98

34.99

15.48

BRK/B

174.97

-0.33

-0.19%

40.73

45.61

16.11

CELG

123.04

0.96

0.79%

23.17

20.88

20.62

Marked as spam
Posted by (Questions: 1, Answers: 1)
Asked on March 8, 2017 11:16 pm
766 views
1
Private answer

This is a very important question and this is going to help many of our viewers. What you are seeing here is going to impact watchlists and scans. It’s not going to affect all time frames. And even then it depends on your chart settings. By default, the charts in Thinkorswim are set to start the aggregation period at market open. I encourage you to read the release notes from April 2013: https://toslc.thinkorswim.com/center/release/rel-04-27-2013.html#section_2

After reading the release notes, you can see where the setting is located. It is checked by default but in order to match a watchlist or a scan result you will have to uncheck this. The watchlists and the scans use standard start times. I think that Thinkorswim needs to change that setting so that it is unchecked by default. It will avoid a lot of support requests.

I have attached a screenshot below that shows the ADX/DMI plotted across three time frames. In that screenshot I’ve also included the chart settings screen, and the watchlist. You can see that unchecking that option causes the chart to match the watchlist.

Please don’t forget to up-vote any answers that best solve your question!

Attachments:
Marked as spam
Posted by (Questions: 37, Answers: 4118)
Answered on March 9, 2017 9:37 am
0
Private answer

Is there a way to set all hourly charts to default to not “start aggregations at market open?” Or do I have to open each chart in my watchlist and change the setting.

Marked as spam
Posted by (Questions: 1, Answers: 1)
Answered on March 9, 2017 1:21 pm
0

No need to respond, I just needed to make the adjustment and then save it as a new workspace in setup.

( at March 9, 2017 1:34 pm)