: These are generated by "Strategies" rather than "Studies." When a price-based condition is met—such as a price crossing a moving average—the platform plots an arrow.
In thinkorswim, buy and sell arrows are visual markers used to identify specific trade signals, either through manual drawing tools or automated technical indicators. While some traders use them for real-time entries, they are most frequently used within to backtest hypothetical performance before committing real capital. Types of Buy and Sell Arrows thinkorswim buy sell arrows
: You can manually place arrows on a chart using the Active Tool menu to mark significant price points or personal trade entries for later review. : These are generated by "Strategies" rather than "Studies
: Often colored red, indicating a short entry or an exit from a long position. Types of Buy and Sell Arrows : You
: Advanced users create custom buy/sell arrows using ThinkScript , the platform's proprietary coding language. Popular scripts often include "Potential Breakout" arrows or "Volume Pressure" labels. How to Add Buy and Sell Arrows to Your Chart
: Often colored green or yellow by default, indicating a long entry.