FAQ - Charts

What is the difference between thinkorswim® Charts and ProphetCharts®?

There are two distinct charting packages within the thinkorswim® platform; one called thinkorswim® Charts and one called ProphetCharts®. The majority of basic charting functions and features are available in both packages. Personal preference is the primary determining factor concerning which package a given user decides to use. For example, with thinkorswim® Charts you have the ability to add customizable studies by using thinkScript® whereas this is not available in Prophet®. However, ProphetCharts® have more options to search and display candle patterns. If one of the two of these is of particular interest to you, this might be the package that you begin with.


For a brief overview of the main differences between thinkorswim® Charts and ProphetCharts®, see below:

  1. Prophet® adjusts chart prices retroactively for dividends, thinkorswim® does not.
  2. Different data capture sequences
  3. Different data vendors
  4. Different visual architecture
  5. Subtle differences/nuances in formula weightings, etc...

How do I remove volume from a thinkorswim® Chart?

To remove volume entirely from a TOS chart, go to the top-right hand corner of the charts window and click on the “Style” button. On the drop-down menu, select “Settings”. On the new menu that comes up, click on the tab at the top of the page that corresponds with the type of security you are charting (e.g. equities, options, futures) and at the top-right of the tab’s section you will see a checkbox that says “Show Volume Sub graph”. Un-check this and click “OK" to remove volume graph of the securities from that chart.

How do I link a watchlist and chart?

 

Pull up your watchlist in the left sidebar Gadgets. In the upper right-corner of the watchlist, click the tri-color boxes icon to the left of the printer icon to select a color. Next, pull up Charts>Charts and choose the same color by clicking the link icon to the right of the symbol field. Your watchlist and thinkorswim® Chart are now linked so you may easily scroll through or click a symbol on your watchlist and it will automatically populate on the chart.

 

You can utilize the linking feature throughout the platform such as on the Trade tab, Analyze tab, MarketWatch tab, and Tools tab. Please note that the linking function is not supported by ProphetCharts®.

 

How can I customize my charting preferences?

Clients can customize their preferences by utilizing the various studies, drawings, and settings and saving their settings. You can save your chart layout by clicking on the yellow, square box at the top of the page by choosing “Save Grid As …” You can also utilize this box to choose how many charts you wish to display on the monitor.

Within the Style dropdown box in the right corner, clients are able to choose their aggregation type between Tick, Time and Range. Also, they can choose whether to record the chart either intraday or daily. Once determined, the client can save the style within the same menu.

Finally, clients may employ any number and combination of drawings and studies and save these separately in the same way within each dropdown box.

How do I overlap volume on my chart?

In thinkorswim® Charts, go to Style>Settings>General>Settings and check the box next to ‘Overlapped Volume’. If you would like to turn this feature off, simply uncheck the box. Then, click ‘Apply’ and ‘OK’.

ProphetCharts® do not support this functionality.
 

How do I remove volume from the chart?

In thinkorswim® Charts, go to Style>Settings>Equities, Options, Futures and/or Forex and uncheck the box next to ‘Show Volume Subgraph’.

In Prophet®, go to the left sidebar and expand the ‘Quick Toggles’ module and check the box next to ‘Hide Volume Pane.’ If you do not have this module on the left sidebar, go to Chart Settings>Modules and check the box next to ‘Quick Toggles’.

How do I view the extended session for pre-market and post-market trading?

In thinkorswim® Charts, go to Style>Settings>Equities, and/or Futures tabs and check the box next to ‘Show Extended Session’. You may also consider checking the box next to ‘Highlight Extended Session’ so it is easier to differentiate between normal market hours and extended trading hours. Keep in mind, daily charts do not show the extended session so you will need to switch to an intraday chart. To select an intraday chart, choose from the shortcut aggregation button located along the top of the chart next to the Style button. Or, go to Style>Intraday and choose the appropriate aggregation period.

ProphetCharts® do not show the extended session.
 

How do I add an expansion area to my chart?

In thinkorswim® Charts, go to Style>Settings>Time Axis and click the arrow in the drop down box next to ‘Expansion Area’ to make the appropriate selection. To choose your own custom number of bars, click in the drop down field and enter the appropriate number. Then, click ‘Apply’ and ‘OK’.

In Prophet®, navigate to the lower left corner of the chart and click the icon that looks like a box with a grid and small arrows pointing outward. A grey box will appear on the chart with instructions to click and drag the corners or edge handles that appear on the chart and click inside the chart graph when you are finished.

Is it possible to have drawings carry-over to another chart?

Yes, you may synchronize the drawings for the same symbol across multiple charts. To do so, go to Style>Settings>General and check the box next to ‘Drawings’ in the ‘Synchronize’ section and click ‘Apply’ and ‘OK’.

How do I view implied volatility in Prophet®?

Go to the left sidebar and expand the ‘Option Controls’ module and check the box next to ‘Avg. Imp. Volatility’ if viewing stock/ETFs or indices. For options, check the box next to ‘Implied Volatility’. If you do not have this module on the left sidebar, go to Chart Settings>Modules and check the box next to ‘Option Controls’.

How do I import my thinkorswim® watchlist(s) to Prophet®?

First in your thinkorswim® account, pull up your watchlist from the left sidebar watchlist gadget or through MarketWatch>Quote. Next, click the grey dot in the top left corner of the watchlist and select ‘Export.’ Be sure to save the file in CSV format to an easily accessible location on your computer, such as the Desktop. Then, pull up Prophet® and navigate to the menu bar above the chart and click Watch Lists>Import and select the CSV file you saved to your computer. The watchlist will now appear in the left sidebar of Prophet® in the modules section, ‘Watch Lists.’

Keep in mind, not all symbols are supported in Prophet® so there may be some that are not imported with your watchlist. Before you complete the import, you may want to review the CSV file and adjust any futures symbols as they must be in a specific format (i.e. @ESU2).

Where can I find the Autochartist tool on the platform?

We have integrated the Autochartist candle patterns through ProphetCharts® on the platform. Navigate to Charts>Prophet>Patterns to locate this tool. Please note that this feature only scans for stocks and ETFs.

How do I setup a comparison chart of multiple symbols?

In thinkorswim® Charts, enter the first symbol in the symbol field of the chart. Then, go to Studies>Add Study>Compare With and choose a symbol within the default list or choose ‘Custom Symbol.’ In the ‘Custom Symbol’ pop-up box, add the second symbol you wish to compare. Repeat this process as necessary to add additional symbols. If you would like to view your chart as a percentage comparison as opposed to a price comparison, go to Style>Settings>Price Axis and check the box next to ‘Show Price as Percentage.’ Then, click ‘Apply’ and ‘OK.’

In Prophet®, pull up the first symbol in the symbol field of the chart. Then, go to Chart Settings>Comparison Chart and select from the list of index symbols provided or ad your own symbol. You can add additional symbols as well. If you would like to view your chart as a percentage comparison as opposed to a price comparison, click the radio button next to ‘Percentage Comparison’ chart. Once you are satisfied, click ‘Close.’

How do I create a ratio chart?

You can create a ratio chart in ProphetCharts® by going to Chart Settings>Ratio Chart and entering the formula in the pop-up window that appears. The formula will need to be entered within parentheses (i.e. GOOG/AAPL). You can also simply enter this formula into the symbol field directly to pull the chart.

What do the different candle colors represent in Prophet®?

  1. Black candle (solid black) = higher close than previous candle but lower close than the opening of its own candle.
  2. Black hollow candle = higher close than previous candle and higher close than the opening of its own candle.
  3. Red candle (solid red) = lower close than previous candle and lower close than opening of its own candle.
  4. Red candle hollow = lower close than previous candle but higher close than the opening of its own candle.
     

How can I view futures products in Prophet®?

You will need to enter the full root symbol of the particular futures product with an “@” in front of the symbol (i.e. @ESU2). You can view all supported products by pulling up the ‘Futures’ module in the left sidebar of Prophet®. If the ‘Futures’ module is not already displayed, go to Chart Settings>Modules and check the box next to ‘Futures.’

Why can’t I view all futures products supported on the thinkorswim® platform in ProphetCharts®?

The reason you cannot view all futures products is because the ProphetCharts® application does not support ICE products, please see https://www.theice.com/products.jhtml. You can view all supported products by pulling up the ‘Futures’ module in the left sidebar of Prophet®. If the ‘Futures’ module is not already displayed, go to Chart Settings>Modules and check the box next to ‘Futures.’

How do I have multiple studies overlap below the chart?

If you would like to view multiple studies in one lower subgraph below the chart, go to the upper right corner of the chart and click Style>Settings>General and checkmark ‘Superimpose Lower Studies’.

How do I switch to a Range or Tick Chart?

Go to Charts and click on Style>Aggregation Type and select your preference from here. You can then select the period that you would like by clicking on Style>Daily or Intraday and select the aggregation period from here.

How do I change my chart background?

Go to Charts and click on Style>Settings>Appearance and expand the “Common” tab. From here you can select the background color under “Decorations.”

Why aren’t earnings or dividends showing on my chart?

Please make sure that these are enabled by clicking on Style>Settings>Equities tab and check mark “Show Corporate Actions.”

How can I view a bid/ask chart instead of Last?

Go to Charts and click Style>Settings>Equities, Options, Futures or Forex and click the drop down menu next to ‘Price Type’ to make the desired change.

How do I enable/disable the company logo on charts?

Go to Charts and click Style>Settings>General and check or uncheck the ‘Show Symbol Logo’ setting.

How do I change the direction of an arrow drawing on my chart?

First, go to Charts and select Drawings>Arrow and move your cursor to the desired location and hold down the CTRL key and click on the chart. A drop down menu will appear where you may select the preferred direction you would like the arrow to point.

On Prophet Charts, why can’t I view the entire futures contract like I can on thinkorswim charts?

In order to view the entire rolling contract of /ES for example, please try entering @ES1600.  Just add 1600 to the future you are attempting to view.

How did the Google corporate action effect my thinkorswim chart?

Google Reorganization on thinkorswim Charts.

On January 30th Google, Inc. (NASDAQ:GOOG) announced that its Board of Directors approved the distribution of Class C shares to its stockholders. The Google Board of Directors has approved a distribution of shares of the Class C capital stock as a dividend to stockholders with a dividend record date of March 27, 2014 and a dividend payment date of April 2, 2014. The two types of shares are quoted under the symbols GOOG (Class C shares) and GOOGL (Class A shares.)

GOOGL (Class A shares)
Google’s original class A shares went through a distribution which reduces the price of these Class A shares by the distributed price of Google Class C shares. The historical price and volume data of the original class A shares with symbol GOOG has mapped over to symbol GOOGL. The price data was adjusted for the distribution of the Class C shares. This adjustment was made to historical prices prior to the listing of the ex-date Class A Shares, GOOGL.

The formula for the adjusted price data of the Class A shares prior to April 3, 2014 is:

i * (G – C) / G
Where:
i = Unadjusted OHLC Data for GOOG on or before April 2, 2014
G = NASDAQ close price of GOOG on April 2, 2014
C = NASDAQ close price of GOOCV (Class C Shares) on April 2, 2014

Historical Volume data has not been ratio adjusted due to the nature of the distribution.

GOOG (Class C shares)
In order to maintain a consistent experience after this unique reorganization we have applied the same logic to provide historical data on the Class C shares. This adjustment was made for historical prices prior to the listing of the “when issued” Class C Shares, GOOCV. The price and volume data from March 27, 2014 to April 2, 2014 were derived directly from the unadjusted GOOCV prices.

The formula for the adjusted price data of the Class C shares prior to March 27, 2014 is:

i * (G – A) / G
Where:
i = Unadjusted OHLC Data for GOOG on or before March 26, 2014
G = NASDAQ close price of GOOG on April 2, 2014
A = NASDAQ close price of GOOAV (Class A Shares) on April 2, 2014
Historical Volume was copied over from the original Class A shares and has not been ratio adjusted.

Please note that all of this price data prior to April 3rd 2014 for the Class C Shares is a synthetic representation based on the reorganization described above. The volume data prior to April 3rd 2014 is the volume of the data for the original Google Class A shares.

*TD Ameritrade reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, this data with or without notice. TD Ameritrade will not be liable to you or to any third party for any modification, suspension or discontinuance of this data.