Master Think or Swim (ToS) Drawing Tools | Trading Tutorials

In this video we will go through all of the drawing tools on Think or Swim so that you can master them. This how to trade tutorial will give you all the tools you need to fully customize your Think or Swim drawings.

00:00 Intro
00:20 How to Access Drawing Tools
01:33 Pan Tool
02:27 Pointer Tool
03:15 Trendline Tool
04:06 Drawing Tools Settings Box
10:32 Snap Drawings to Candlesticks
12:20 Price Level Tool
18:32 Time Level Tool
18:48 Text Tool
19:34 Basic Shape Tools
21:00 How To Delete Think or Swim Drawings
22:20 Channel Tool
24:02 Regression Tools
26:12 Fibonacci Tools
29:13 Useless Tools
32:41 Pinned Toolbar Shortcut
35:03 Drawing Sets

In thins trading tutorial for Think or Swim by TD Ameritrade, we discuss all of the available drawing tool options. From using the tools, to tool customization and precision, this tutorial has you covered when it comes to mastering all of the options available in ToS.

We start by looking at how we can access the drawing tools within the trading platform in the first place. After that we take a step by step, or rather tool by tool break down on how the four most important tools work.

If you can understand how the settings pop up box works in the trend line tool example, you are well on your way to mastering all of the customization options available in Think or Swim. We have the ability to name our technical analysis drawings, show the information label with technical details about them, add arrows, left and right extension, change start and finish data points, and even the color, thickness and wether or not the line is solid, dashed or dotted.

Once you have a setting the way you like it, always remember that you can save the drawing settings as a default. By doing this you are able to quickly replicate the drawing style over and over and over again without having to go back into the Think or Swim drawing tool settings box.

After we have a firm grasp on these concepts we quickly move through the rest of the drawing tools that are available within the ToS trading platform. Many of these tools are good for all sorts of technical analysis however the first four are un doubtably the most important of all.

We also talk about the ability to use the fibonacci retracement and fibonacci extension tools, and how you can customize your own values.

Towards the end we discuss the third method of accessing the drawing tools by using the pinned tool bar to the top of our trading charts. This is an extremely versatile tool that will allow you to make quick shortcuts and eliminate the need to click on different menus all the time. I would highly encourage you to poke around with it and explore all of its possibilities.

And lastly we talk about drawing sets in think or swim. These are important for saving all sorts of drawings that you don't want to delete, but also don't want displayed on the screen at the moment. By saving them to a new drawing set you can toggle back and forth, turning them on like layers to only see what is relevant to your particular technical analysis.

DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.

[johnmorgan]

You might want to add you can access the drawing menu anywhere on the drawing by pressing down on the scroll wheel of a mouse that has a scroll wheel. It will save you from going to the top or bottom of the drawing to get a tool. You just need to click anywhere on the drawing to make the tool menu go away. I really liked your video and learned a lot about the other tools I had no idea what they were or how they work.

[JusBeaTboX]

This is the only video I've watched regarding drawing tools on TOS....and i genuinely feel like i don't need to watch anything else; just this video if i need a refresher. thank you.

[grantstanley]

Your videos have helped me reach over $200, 000 in stocks by age 23! Thanks Trade Brigade
. Keep the videos coming. 👍🏽

[tonyf]

This is the most complete and useful drawing tutorial for TOS I've seen so far... Great job and thank you!!!

[reahisrael]

Thanks so much for these tutorials. They’re helping me to better navigate TOS. I’m an MT4 girl, so having to add TOS to my platforms has been driving me crazy. I appreciate this!

[andywintx]

I use TOS every day for options and using my go-to tools I've always cursed...until now... especially how to pin them to a favorites bar. Out of hundreds of the YT vids I've watched this one rates in the top 10, YOU ARE THE MAN!!!!

[sjsphotog]

Fantastic tutorial here. Great job. The only thing you forgot to mention was that if you have a Mouse with a Scroll Wheel, you can bring up the Drawing tool window easily with just a click. Very nice shortcut. Keep up the good work

[simba]

wow, you are a very good teacher. i am amazed by how clear you explain things. Bravo! you help me experiment with the drawing tools very well Thank you

[OrionWinters]

Thank you Matt for doing this video. I've been trying to master TOS's tools a while now, and this definitely helps.

[Slvrdo]

I love you for making this video. We need more instructional videos on ToS from actual traders.

[BogeBoge]

This video deserves over 1M views!!!!
Way too much helpful!!!
Thanks 1M❤️

[optionsbbq]

Superb video, thanks, your ability to explain TOS featues is excellent!

[maazali]

Legendary channel here. The most genuine kind creator here. Everyone else wants to charge for courses. I'm so glad im came across your channel. Keep doing what you do. You'll get to a million soon my guy 💪🏽

[MarioLopez-wlsi]

the best video there is on the platform. Thank you

[A_z_e_o_n]

As a newb, I have found this the easiest explanation to follow! Thank you

[ahmedtawfiq]

This is the best TOS tutorial ever watched

[ThuyNguyen-fwmq]

Great tutorial. This is exact what I have been looking for. Thank you

[carolcurtin]

Excellent video!!!! Thanks so much!!! Needed to know how to pin the tools at the top... perfect instruction!!

[mikemeilleur]

You probably already know, but you can access the drawing tools palette by clicking the middle mouse button (a wheel for me). That’s my quick go-to. Great video!

[KCYPRIANO]

WOW! I am blown away! I've watched over 100 videos on youtube and this, my friend, is the ABSOLUTE BEST tutorial ! Smooth as can be, clean, precise.. Absolutely flawless explanation! thank you! Thank you! Thank you !🙏