Thinkorswim is a trading platform that was created by TD Ameritrade. It is one of the most popular trading platforms available in the market, and it is used by traders all over the world. Thinkorswim is known for its advanced features and tools that help traders make better trading decisions. One of the features that traders find extremely useful is the ability to scroll back in time. In this article, we will explain how to scroll back in time on Thinkorswim forex.
What is Thinkorswim?
Thinkorswim is a popular trading platform that offers a wide range of trading tools and features. It was created by TD Ameritrade and is available for free to TD Ameritrade clients. Thinkorswim allows traders to trade in a variety of markets, including stocks, options, futures, and forex. It is known for its advanced charting tools, technical analysis indicators, and customizability.
Why is it important to scroll back in time?
Scrolling back in time is an important feature that allows traders to analyze historical price movements. It is essential to understand how the market has behaved in the past to make informed trading decisions. By analyzing historical price movements, traders can identify patterns and trends that can help them predict future price movements. This information can be used to develop trading strategies and make better trading decisions.
How to scroll back in time on Thinkorswim forex?
To scroll back in time on Thinkorswim forex, follow these simple steps:
Step 1: Open the chart
The first step is to open the chart that you want to analyze. To open a chart, click on the “Charts” tab at the top of the Thinkorswim platform. Then select the currency pair that you want to analyze.
Step 2: Adjust the time frame
Once you have opened the chart, you will need to adjust the time frame to the desired period. To do this, click on the “Time Frame” button at the top of the chart. This will open a drop-down menu with several different time frames. Select the time frame that you want to analyze.
Step 3: Use the scroll bar
Once you have selected the time frame, you can use the scroll bar at the bottom of the chart to scroll back in time. The scroll bar allows you to move backward and forward in time, allowing you to analyze historical price movements.
Step 4: Use the zoom feature
In addition to the scroll bar, Thinkorswim also has a zoom feature that allows you to zoom in and out of the chart. This can be useful when analyzing price movements in more detail. To zoom in or out, use the zoom slider at the bottom of the chart.
Step 5: Analyze the data
Once you have scrolled back in time, you can analyze the historical price movements to identify patterns and trends. Thinkorswim provides a variety of technical analysis tools and indicators that can help you make sense of the data.
Conclusion
Scrolling back in time on Thinkorswim forex is an important feature that can help traders make informed trading decisions. By analyzing historical price movements, traders can identify patterns and trends that can help them predict future price movements. Thinkorswim provides a user-friendly platform with advanced features and tools that make it easy to analyze historical data. By following the steps outlined in this article, traders can easily scroll back in time on Thinkorswim and analyze historical price movements.
