Author: Ran Eliahu | AI Cloud Engineer & Technical Trader
Platform: TD Ameritrade / Schwab ThinkorSwim (TOS)
Language: ThinkScript
Trading Style: Institutional Momentum, Swing Trading, Minervini VCP, Relative Strength (RS Alpha), Day Trading ORB
This repository is an elite, production-ready collection of ThinkorSwim scanners, custom watchlist column formulas, and visual chart studies designed to give traders a systematic edge over regular retail market participants.
| What Regular Retail Traders Do (No Edge) | The Pro Trader Edge (High Win Rate & R:R) |
|---|---|
| Lagging Indicator Crossovers (Simple EMA 9/21 cross) | Multi-Factor Confluence: Trend + Volume Dry-Up (VDU) + Volatility Contraction + Momentum Ignition. |
| Buying High Beta on Green Market Days (Noise) | True Relative Strength (RS Alpha): Isolating market leaders making new highs while SPY/QQQ pulls back. |
| Catching Oversold Falling Knives (Downtrend traps) | Institutional Pocket Pivots & Absorption: Volume exceeding prior 10-day down-volume off key moving averages. |
| Midday Chop Chasing | Intraday ORB + VWAP Anchor: Precision morning breakout execution with defined risk at VWAP. |
Stock Hacker Scan Errors (AggregationPeriod.WEEK crash) |
Mathematical Timeframe Synthesis: Zero-lag daily synthesis without TOS secondary aggregation errors. |
ThinkOrSwim/
├── scanners/
│ ├── VCP_VolatilityContraction_Scanner.ts # Minervini / Qullamaggie VCP & High Tight Flag
│ ├── RS_AlphaLeader_Scanner.ts # True Relative Strength (RS) vs SPY/QQQ
│ ├── PocketPivot_Absorption_Scanner.ts # Institutional Pocket Pivot & Absorption
│ ├── Intraday_ORB_VWAP_Scanner.ts # 5-min/15-min Opening Range Breakout + VWAP
│ ├── EliteFundamentals_Scanner.ts # Institutional Quality & Fundamentals
│ ├── FallenAngels_Scanner.ts # Mean Reversion: Oversold Quality Stocks
│ ├── InstitutionalAccumulation_Scanner.ts # Smart Money Detection & Money Flow
│ ├── TrendReversal_Bullish_Scanner.ts # Inflection Point: Bearish to Bullish Reversal
│ ├── TTMSqueeze_Scanner.ts # Volatility Squeeze & Fire Detector
│ ├── VolumeProfile_Breakout_Scan.ts # Value Area High (VAH) Escape Scanner
│ ├── VolumeProfile_Squeeze_Scan.ts # Value Area Compression Scanner
│ ├── AboutToBreakOut_Scan.ts # Momentum Compression Shelf Scanner
│ ├── DipInUptrend_Scan.ts # Controlled Pullback & Reversal in Uptrend
│ ├── EpisodicPivot_EarningsGap_Scanner.ts # Post-Earnings PEAD & Catalyst Gap & Go / Flag
│ ├── AnchoredVWAP_Pinch_Scanner.ts # Dynamic YTD / High / Low AVWAP Pinch & Reclaim
│ ├── PowerTrend_Pullback_Scanner.ts # 10/20 EMA Moving Average Power Trend Wave Surfer
│ ├── WyckoffSpring_FalseBreakdown_Scanner.ts # Liquidity Stop Flush & Turtle Soup Reclaim
│ ├── InsideBar_NR7_Contraction_Scanner.ts # Double Inside Bar & NR7 Volatility Contraction
│ ├── InstitutionalDistribution_Short_Scanner.ts # Stage 4 Shelf Breakdown & UTAD Short Scanner
│ └── Premarket_GapMomentum_Scanner.ts # Premarket Catalyst, Gap % & RVOL Momentum
├── custom columns/
│ ├── Alpha_Confluence_Score.ts # 0-100 Quantitative HUD Watchlist Column
│ ├── DistanceToPOC.ts # Distance to Point of Control %
│ ├── CustomColumn_Trend_Strength.ts # Trend Direction + ADX Strength
│ ├── CustomColumn_Volume_Surge.ts # Real-time Volume Multiplier
│ ├── CustomColumn_RSI_Momentum.ts # RSI Momentum Tier
│ └── signal.ts # Multi-Factor State Indicator
├── chart_visuals/
│ ├── Multi_Timeframe_POC_Study.ts # Multi-Timeframe Naked POC Magnets
│ └── OrderBlock_Study.ts # Institutional Supply/Demand Order Blocks
├── README.md # Complete documentation
└── SETUP_GUIDE.md # Step-by-step TOS setup and import tutorial
File: scanners/VCP_VolatilityContraction_Scanner.ts
Methodology: Mark Minervini (U.S. Investing Champion) & Kristjan Qullamaggie Stage 2 Setups
Timeframe: Daily
Identifies high-momentum stocks coiling in a tight consolidation shelf after an uptrend:
- Minervini Trend Template: Price > 50 SMA > 200 SMA, 200 SMA rising, within 25% of 52-week high.
- Volatility Contraction:
ATR(5) <= ATR(20) * 0.75and 5-bar high-to-low range <= 6%. - Volume Dry-Up (VDU): Volume dries up significantly below the 50-day average (supply exhaustion).
- Two Modes:
Coil_Setup(Default): Catches the setup before the breakout.Breakout_Today: Alerts at the exact moment price crosses the 5-day pivot shelf on high volume.
File: scanners/RS_AlphaLeader_Scanner.ts
Methodology: Comparative Alpha Divergence (Stock vs SPY/QQQ)
Timeframe: Daily
Finds true market leaders that institutional funds are accumulating regardless of broader market chop:
- RS Ratio: Computes the Stock / SPY ratio line in real time.
- Alpha Spread: Stock 20-day Rate of Change exceeds SPY by at least 5%.
- RS New Highs: RS line reaches 20-day highs while price holds above 20 EMA and 50 SMA.
- Market Resilience Mode: Flags stocks advancing on days when SPY is red.
File: scanners/PocketPivot_Absorption_Scanner.ts
Methodology: Gil Morales & Dr. Chris Kacher (Former William O'Neil Portfolio Managers)
Timeframe: Daily
Detects smart money buying within bases or off moving averages before standard breakout patterns:
- Pocket Pivot Signature: Today's up-volume is greater than the highest down-day volume of the past 10 trading sessions.
- Structural Pivot: Bouncing off or reclaiming the 10 EMA, 20 EMA, or 50 SMA.
- No Overextension: Close is within 5% of the supporting moving average.
- Upper Range Close: Closes in the upper 50% of the daily candle range.
File: scanners/Intraday_ORB_VWAP_Scanner.ts
Methodology: Morning Opening Range Breakout (ORB) with VWAP Confluence
Timeframe: 5-minute or 15-minute
Engineered for active day traders operating between 9:45 AM and 11:30 AM EST:
- Opening Range Breakout: Price crosses above the first 15-min or 30-min opening range high.
- Institutional Anchor: Price holds strictly above VWAP.
- RVOL Surge: Intraday bar volume >= 1.8x average bar volume.
- Anti-Chase Filter: Triggers only within 1.5% of the breakout high to keep risk tight.
File: scanners/EpisodicPivot_EarningsGap_Scanner.ts
Methodology: Kristjan Qullamaggie & Pradeep Bonde (Stockbee) Post-Earnings Announcement Drift (PEAD)
Timeframe: Daily
Finds institutional re-pricings on earnings or massive catalyst events:
- Day 1 EP Ignition: Gap >= 3.5%, RVOL >= 2.5x 50-day average, strong close in upper range.
- Post-EP High Tight Flag: Detects constructive 2–10 day consolidations holding the 10/20 EMA shelf with volume drying up before leg two.
File: scanners/AnchoredVWAP_Pinch_Scanner.ts
Methodology: Brian Shannon (AlphaTrends) Anchored VWAP
Timeframe: Daily
Identifies price pinching and compressing against key institutional execution anchors:
- Dynamic Anchors: Year-to-Date (YTD), 52-Week High, and 52-Week Low anchors.
- AVWAP Pinch: Detects price testing within 1.5% of the AVWAP line on light volume and bouncing with bullish candle structure.
File: scanners/PowerTrend_Pullback_Scanner.ts
Methodology: IBD Power Trend & Qullamaggie Trend Surfing
Timeframe: Daily
Isolates pristine market leaders riding their fast exponential moving averages:
- 4-Tier MA Stack:
10 EMA > 20 EMA > 50 SMA > 200 SMAheld for >= 10 consecutive bars. - Low-Risk Touch: Low kisses the 10 EMA or 20 EMA shelf on low volume (VDU) with buyer defense.
File: scanners/WyckoffSpring_FalseBreakdown_Scanner.ts
Methodology: Richard Wyckoff & Linda Raschke
Timeframe: Daily
Finds high-probability stop hunts and liquidity flushes:
- Undercuts 20-day swing low or 50/200 SMA to trigger retail stops, then aggressively reclaims and closes in the upper 40% of the daily candle range.
File: scanners/InsideBar_NR7_Contraction_Scanner.ts
Methodology: Toby Crabel Price Action & Volatility Expansion
Timeframe: Daily
Catches explosive volatility coils inside Stage 2 uptrends:
- Double Inside Bar: Two consecutive inside sessions (coiled energy).
- NR7: Daily range is the narrowest of the last 7 sessions with volume dry-up.
File: scanners/InstitutionalDistribution_Short_Scanner.ts
Timeframe: Daily
Finds high-probability short setups and market hedge candidates:
- Shelf Breakdown: Breaches multi-week support under declining 20/50 MAs on heavy selling RVOL.
- Bear Flag Breakdown: Rollover from low-volume bounce into declining 20 EMA.
- UTAD Trap: Upthrust after distribution (failed breakout reversal).
File: scanners/Premarket_GapMomentum_Scanner.ts
Timeframe: 1-Minute / 5-Minute (Extended Hours ON)
Pre-market preparation tool (7:00 AM – 9:25 AM EST):
- Real-time premarket volume > 100k, gap >= 3%, holding above premarket VWAP.
File: scanners/TrendReversal_Bullish_Scanner.ts
Timeframe: Daily
Catches early structural inflection points from downtrend to Stage 2 recovery:
- Macro Trend Guard eliminating weekly secondary period scan errors.
- Confirmed base-building (spent >= 4 of last 10 days below 20 EMA, now holding above 20 EMA).
- Synchronized MACD histogram expansion and RSI recovery (45–72).
- Volume expansion >= 50-day average.
File: scanners/EliteFundamentals_Scanner.ts
Timeframe: Daily / Weekly
Filters for institutional-grade balance sheets and profitability:
- P/E between 5 and 35, Price/Book < 10.
- ROE >= 15%, Gross Margin >= 40%, Current Ratio >= 1.5.
- Long-term trend intact (Price > 200 SMA).
File: scanners/FallenAngels_Scanner.ts
Timeframe: Daily
Finds premium S&P 500 stocks pulled back 8–25% from 52-week highs with oversold RSI (25–40) curling back up while remaining above the 200-day moving average.
File: scanners/DipInUptrend_Scan.ts
Timeframe: Daily
Eliminates falling knife traps by finding constructive dips in Stage 2 leaders:
- Macro Uptrend: 50 SMA > 200 SMA, 200 SMA rising.
- Controlled Dip: Pullback directly to the 20 EMA or 50 SMA support shelf without heavy distribution.
-
Buyer Defense: Bottoming wick rejection (
$\ge 35%$ lower wick) or green closing candle. - RSI Reload: RSI resets cleanly into the 40–58 reload zone.
File: scanners/InstitutionalAccumulation_Scanner.ts
Timeframe: Daily
Detects stealth smart money buying before visible price explosions:
- Money Flow / OBV Expansion: On-Balance Volume and Money Flow Index (MFI) curling up while price consolidates.
- Up-Day Dominance: Up-day trading volume significantly outweighs down-day selling volume.
scanners/VolumeProfile_Breakout_Scan.ts: Scans for price escaping the Value Area High (VAH) into Low Volume Nodes (fast momentum runs).scanners/VolumeProfile_Squeeze_Scan.ts: Scans for stocks where Value Area High/Low distance is compressed (< 2% of price), signalling an imminent volume explosion.
File: custom columns/Alpha_Confluence_Score.ts
Use Case: Real-time HUD scoring column in any ThinkorSwim Watchlist.
Quantifies 4 core pillars (25 points each = 100 total):
- Trend Structure (25 pts): Moving average alignment (
Price > 200 SMA > 50 SMA,10 EMA > 20 EMA). - Momentum & Compression (25 pts): Squeeze acceleration, RSI in bull zone (50–72), ATR compression.
- Volume & Institutional Flow (25 pts): Volume > 50 SMA volume, RVOL surge, up-day closing dominance.
- Location & Proximity (25 pts): Within 3% of 20-day high, within 15% of 52-week high, above 10 EMA.
| Score Tier | Visual Badge | Strategy / Action |
|---|---|---|
| 85 – 100 | ⚡ 95 ULTRA (Bright Green) |
Prime breakout candidate; maximum edge setup |
| 70 – 84 | 🔥 80 STRONG (Dark Green) |
Confirmed trend continuation play |
| 50 – 69 | 🟡 60 READY (Yellow) |
Base building; watch for trigger |
| 30 – 49 | 🟠 35 CHOP (Orange) |
Lacking volume/momentum; pass |
| 0 – 29 | ⛔ 15 AVOID (Red) |
Bearish / broken market structure |
See SETUP_GUIDE.md for full instructions on setting up custom columns, Stock Hacker study filters, and recommended scanning routines.
These tools are for educational and informational purposes only. Nothing in this repository constitutes financial advice. Always practice strict risk management and position sizing.