In thinkorswim, buy and sell arrows are visual markers used to identify specific trade signals, either through manual drawing tools or automated technical indicators. While some traders use them for real-time entries, they are most frequently used within to backtest hypothetical performance before committing real capital. Types of Buy and Sell Arrows
: You can manually place arrows on a chart using the Active Tool menu to mark significant price points or personal trade entries for later review. thinkorswim buy sell arrows
: These are generated by "Strategies" rather than "Studies." When a price-based condition is met—such as a price crossing a moving average—the platform plots an arrow. In thinkorswim, buy and sell arrows are visual
: Advanced users create custom buy/sell arrows using ThinkScript , the platform's proprietary coding language. Popular scripts often include "Potential Breakout" arrows or "Volume Pressure" labels. How to Add Buy and Sell Arrows to Your Chart : These are generated by "Strategies" rather than "Studies
: Often colored green or yellow by default, indicating a long entry.
: Often colored red, indicating a short entry or an exit from a long position.