Those 95% probability outcome formulas really are meaningless. Initiating a trade based on a generic statistical outcome formula, is a 'lazy and risky' substitute for thoughtful analysis and common sense. Nor do they speak to the likelihood of the stock recovering in a reasonable period of time, if a bad market suddenly takes it down. The viewer states he was struggling to get the three indicators to work in a custom scan. % probability outcome formula's, can give investors a false sense of confidence. Thinkorswim Scripts Github It provides data collection and export, complex event processing and triggering, and backtesting - paper trading - live trading. regardless of how limited the loss may be. I'm less inclined to panic sell, if i know I have not invested my cash in an over valued, and/or DEBT LOADED piece of crap. While such issues may not be very relevant in the world of option trading, I look at those criteria to evaluate whether a stock has the 'potential to recover', if a bad market takes it down. It will appear on the list, but you cannot see it right away. The signal is very rare as in the 'Double Outside bar' Indicator. A USD7.44 commission applies to trades of over-the-counter (OTC) stocks which includes stocks not listed on a U.S. Double Inside Bar Indicator Candlestick pattern indicator Double Inside Bar shows when the 'inside bar' pattern is drawn on the chart 2 times in a row. A USD0.70 per contract fee applies for options trades. I'd also base it on a few basic fundamental criteria pertaining to the companies financial health. Applies to US exchange listed stocks, ETFs, and options. not a coin toss of statistical probabily, based on where the stock happens to be trading at that moment in time. I'd make the decision based on analysis and common sense, and pick the one at multi tested tech support. Given a limited bankroll, which trade would you rather initiate. Whether the numbers calculate out to 77% or 93% chance of success is less relevant than my own analysis.ДЇor example, assume all variables are the same on a 6 week naked put or credit spread, including 2 stocks that are both 13% otm.Д«ut one is trading no where near any kind of tech support, and the other is once again trading at it's multi tested level of tech support, per the 1 - 2 year chart. If not, you probably should not be doing the trade. Without knowing your specific goals or experience it would be impossible to create a scan capable of meeting your needs exactly. With the scanner open lets discuss some general criteria I think would be useful for any scan. While the formula may be helpful in getting some vague general fluctuating idea, at that particular moment in time, common sense should have already given you a general idea of the likelihood of success. The ThinkorSwim scanner will save you valuable time finding an investment vehicle worthy of your precious capital. Such outcomes should be based more on common sense and thoughtful analysis, than a generic math formula. Personally, I think statistical 'probability outcomes' are somewhat meaningless. I consider it a 'lazy and risky' substitute for doing ones own analysis. I was just discussing the same issue on another board.

Thinkorswim scripts