Ben Carter
Thinkorswim®, a trading platform owned by TD Ameritrade, offers traders the ability to customize candlestick patterns using a drag-and-drop approach on the Candlestick Pattern Editor. While the platform provides a well-rounded list of predefined patterns, users can also create custom patterns with any number of up, down, or doji candles. However, some users have reported issues with candle sizing, particularly when zooming in on charts, resulting in stretched-out or flat candles. To address this issue, users suggest unchecking fit studies or show studies in the settings and adjusting the price axis to unlock vertical auto-scaling. These steps can help users fix the issue of too-long candles and improve their chart visualization experience on the thinkorswim® platform.
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What You'll Learn
Uncheck 'fit studies' in settings
If you are experiencing issues with long candles on the thinkorswim® platform, one possible solution is to uncheck "fit studies" in the settings. thinkorswim® is a trading platform owned by TD Ameritrade, which has been recently acquired by Charles Schwab. The platform offers a range of features for traders, including the ability to customise candlestick patterns.
Candlestick patterns are a specific configuration of chart candles with certain shapes that indicate trend developments, such as continuation or reversal. They have become a popular analysis tool in the Western world, following centuries of usage in Japanese markets. Traders can utilise the platform's Candlestick Pattern Editor to create custom patterns with any number of up, down, or doji candles. This editor allows for a drag-and-drop approach to pattern customisation, and traders can also access a list of predefined patterns.
However, users have reported issues with long candles or flat candles on their charts. One suggested solution is to uncheck "fit studies" in the settings. By doing so, the chart should return to its normal tall candle structure. This issue may occur when fitting high and low values on the chart, causing compression and resulting in elongated candles.
Additionally, when zooming in on a chart, users have noted that candles can become stretched out or flat. In such cases, it is recommended to first drag the price axis slightly to unlock vertical auto-scaling. Then, using the pointer tool, drag a box instead of a long vertical rectangle to adjust the view frame. These steps can help ensure that the candles remain proportionate in size when zooming in on a specific section of the chart.
It is important to note that the specific steps to fix long candles on thinkorswim® may vary depending on the specific issue encountered. Users should explore the platform's settings and customisation options to find the most suitable solution for their needs.
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$5.99
Right-click and select 'correct this bar'
When dealing with charts on ThinkOrSwim, users may encounter issues with the appearance of candles, where they appear stretched out or flat, especially when zooming in on a specific section of a chart. This issue can be addressed by adjusting specific settings and features within the platform.
One common solution suggested by users is to right-click on the affected candle and select "Correct this bar" from the menu. This option allows users to remove or adjust the selected bar to fix any abnormalities in its appearance. It is important to start with the lowest time frame that has an incorrect bar and work upwards when making these adjustments.
In some cases, the issue of elongated candles may be caused by specific settings within the platform. For example, the Fit Studies or Fit etc. settings may contribute to the compression of the chart, resulting in elongated candles. Unchecking these settings can help restore the candles to their normal size.
Another potential solution is to adjust the price axis. By dragging the price axis up or down, users can unlock vertical auto-scaling, which can help to resize the candles. This can be done by first dragging the price axis slightly and then using the pointer tool to drag a box instead of a long vertical rectangle.
Additionally, users can try unchecking "Show Studies" in the settings. This setting may compress the view frame, causing the candles to appear stretched. By unchecking this option, the candles may return to their appropriate size.
By following these steps and adjusting the relevant settings, users can effectively address the issue of elongated candles on the ThinkOrSwim platform and restore their charts to a more readable and aesthetically pleasing format.
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Drag the price axis to unlock vertical auto-scaling
When dealing with long candles on the thinkorswim® platform, which is owned by TD Ameritrade and acquired by Charles Schwab, there are a few suggested methods to fix this issue. Firstly, it is important to understand the cause of the issue. Long candles can be caused by fitting high and low values on the chart, resulting in compression and elongated candles. This can be resolved by unchecking "fit studies" in the settings, as suggested by some users. Another suggestion is to right-click on the large candle and select "correct this bar".
Now, to address the specific instruction: "Drag the price axis to unlock vertical auto-scaling". This instruction is related to the issue of elongated candles when zooming in on a chart. When you zoom in on a chart, the candles may stretch out and become flat. To resolve this, you can perform the following steps:
- Drag the price axis up or down: By clicking and dragging the price axis, you can adjust the scale of the candles. This is the first step to unlocking vertical auto-scaling.
- Reposition the chart: After adjusting the price axis, use the pan tool to reposition the chart. This is necessary because the candles may extend off the screen after adjusting their size.
- Unlock vertical auto-scaling: By dragging the price axis, you have now unlocked vertical auto-scaling. This allows you to drag a box instead of a long top-to-bottom vertical rectangle.
It is important to note that the thinkorswim® platform also offers a Candlestick Pattern Editor, which allows traders to customize candlestick patterns using a drag-and-drop approach. This feature enables traders to create custom patterns with any number of up, down, or doji candles. The platform also provides a list of predefined patterns to choose from.
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Use the Candlestick Pattern Editor
The thinkorswim® platform allows traders to customise candlestick patterns using a drag-and-drop approach on the Candlestick Pattern Editor. This editor allows traders to create custom patterns with any number of up, down, or doji candles related to one another.
To create a custom candlestick pattern, first, select the Candlestick tab. Then, click 'Create...' below the list of all available candlestick patterns (both pre-defined and those previously added by you). This will open the Candlestick Pattern Editor window. Here, you can choose an icon with the drop-down list at the top of the editor. The pattern will also be transferred to the thinkScript Editor on the adjacent tab.
The Candlestick Pattern Editor allows traders to copy the source code and use it when running a scan, setting an alert, or employing many of the platform's other trigger functions. This flexibility enables traders to tailor their candlestick patterns according to their specific needs and preferences.
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Contact TD Ameritrade for support
If you are experiencing issues with candlestick patterns on the thinkorswim® platform, there are a few potential solutions you can try. Firstly, ensure that you do not have "fit studies" or any of the "fit etc" boxes checked in the settings, as this can cause the candles to appear flat or stretched out. You can also try unchecking "show studies" in your settings to resolve this issue. Additionally, when zooming in on a chart, you may need to click and drag on the price axis to adjust the candle size and then use the pan tool to reposition the chart.
If you continue to experience issues with candlestick patterns or require further assistance, you can contact TD Ameritrade's support team. TD Ameritrade, the company that owns the thinkorswim® platform, provides customer support through various channels. You can try reaching out to their support team through their website or by calling their customer service line. Additionally, they may offer live chat or email support. When seeking support, be sure to have your account information and a detailed description of your issue readily available to facilitate a smooth and efficient resolution.
It is worth noting that TD Ameritrade has recently been acquired by Charles Schwab, so you may also explore contacting Charles Schwab's support services for assistance with the thinkorswim® platform. They offer resources on creating custom candlestick patterns and utilizing the platform's features. Remember to provide as much detail as possible when explaining the issue you're facing with candlestick patterns, and don't hesitate to follow up if you require further clarification or assistance.
By following these steps and contacting TD Ameritrade or Charles Schwab for support, you should be able to resolve any issues you're experiencing with candlestick patterns on the thinkorswim® platform.
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Frequently asked questions
Right-click the large candle and select "Correct This Bar". You can also try unchecking "Fit Studies" in your settings.
Your chart may be compressed because of the high and low values of the candle.
First, drag the price axis slightly to unlock vertical auto-scaling. Then, use the pointer tool to drag a box.
If your default configuration does not display candles with no prints/volume during the candle's aggregation period, this could affect your indicators.
If you are missing 1-minute candles, for example, check if the stock has halted or opened late.
