 Hey everyone, this is Dan. In this video I will talk about my favorite charting app Think or Swim by TD Ameritrade. It's a very powerful app. I use it to do my technical analysis work. The app can be downloaded for free from TD Ameritrade. Everyone can use the app in practice mode, which allows you to practice stock trading based on historical data, but you cannot trade in real time. If you have a TD Ameritrade account, you can use the app to get stock quotes in real time and to do stock trading, as well as to set alerts. For the next few minutes, let's talk about how we can set alerts using the Think or Swim app. First, let's determine how the alerts will be sent to us. In this case, we want to receive the alerts by email and also by text message on our cell phone. So we go to the upper right hand corner here, the setup icon. Click on that. Then from this pop-up window, we click application settings. From here, we click on notifications. And then we want to make sure alert is triggered. This box is checked. Then we make sure we check sound on alert, send email that should be checked, and send SMS during market hour and after market hours. Depending on your preference, I like to be alerted even during after market. Then definitely send push notification to mobile devices. I also check the opposite alerts are silenced by default. Then for price, I check market, volatility, check implied, miscellaneous, study value. Click on apply settings. That means whenever the alerts that we set have been triggered, we'll be notified first by sound on our computer and then by email message and by a text message on our cell phone. Here, I've drawn two charts. On the left side is the SPY chart, the daily chart. And then on the right side, it's also SPY, but it's a weekly chart. The candlestick line here represents the movement of the price of SPY. Then superimposed on the same chart, I've drawn the Bollinger Band, as well as the 50-day Exponential Moving Average, which is the blue dashed line. And then the 100-day Exponential Moving Average, that's the yellow dashed line, 150-day Exponential Moving Average, the purple dashed line, and then the 200-day Exponential Moving Average, the red dashed line. And then similarly for the weekly chart, then we also have the 50-period, 100-period, 150-period, and 200-period, which is the 200-week Exponential Moving Average. The lower part of the chart includes the volume, the RSI indicator, DMI indicator, MACD indicator. On this side, similar, same RSI, DMI, but on the bottom I've drawn the fast stochastic indicator. Let's look at how we can set alert. First, let's try to set a price alert for SPY. Instead of clicking on the chart tab here, I'm clicking on Market Watch tab, and then I'll see this screen. And then we should type in the name of the stock ETF. For example, if I type in QQQ, and then select the InvestCo QQQ ETF, then I'll be able to enter alert for QQQ. In this case, we want to continue to focus on SPY, so I type in SPY and select Spider S&P 500 ETF. Let's try to set an alert for price. This is the latest price, the last transaction at $437.79, the bid price, and the asking price, etc. Let's just say we want to set an alert on the last price. In this case, we'll say, send me alert if the last price is above $440, for example. Once you type that, you can click on Create, and then here you can see the alert we just created. That's for SPY. What's the trigger? It's last or above $440, and current is $437.79, and this alert is active. There's another way to set an alert. We can say, okay, if the price of SPY hits the upper bowling juban, send me an alert. We've typed in SPY, so we've selected SPY, click on study alert, and then look at the period that's daily. We can change it to every 15 minutes or a weekly. Let's just set it with daily for setting our alert. Then we want to edit it. Then we say we want to set the closing price of that period. That means a daily closing price. Offset is zero, and let's use the default here. It's less than or equal to the study. We put in B-O-L-I-N-G, and then select bowling jubans. Then we want to say if it's less than or equal to lower band, then send me the alert. We'll say save against the closing price and create an alert. Here it is. The alert has been created. If the SPY closing price for the period of each day is less than or equal to bowling jubans, lower band, then send me an alert. Currently it's false because it's not lower than the lower bowling juban yet here. We are a little bit shy of that. So if in the next trading day, the candlestick chart hits this purple line, the lower bowling juban, then thinkorswim will send me an alert. Let's create an alert for the RSI value. Let's see if we want to know when SPY is oversold, and let's assume oversold is RSI being 30 or less than 30. We can say if the study of RSI with zero offset and we take the default length and overboard oversold settings, if the RSI is less than or equal to the value of 30 within one bar, then we say create an alert. So that's alert. So if you can look at this chart, the RSI is at 43. That's the latest value of the RSI. If we set the RSI alert to say send me the alert, it was less than 50, then we should get an alert. Let's test it out. Let's edit, study alert, edit less than 50. And we say create alert. Sure enough, if we show all the alert, including the activated one, see if RSI is less than or equal to 50, then it's triggered. Because the current value of RSI is 43, 44, and that's less than 50. That's why this new alert that we program was triggered immediately, because the current condition satisfied the criteria set in the alert. Let's set an alert based on the DMI indicator. As you know, the DMI indicator is that the DMI plus indicator, which is indicated by the blue line, when it's crossing above the DMI minus, which is a lagging indicator, the yellow line. So that when the blue line crosses above the yellow line, that's a bullish signal. We want to know when the DMI becomes bullish on a daily chart for the market watch. Again, SPOI has been selected, study alert. The period is daily. We can change it to weekly or by hour. Let's just use daily. We want to edit the conditions. We want to say if the study of DMI is particularly as a D1 indicator within the DMI study, and we'll take the default period on length of 14, period, which is 14 days, if it's greater than or equal to, like you say, if it's greater than, again, the study of DMI D minus, which is a yellow line, then send me an alert, this program. How do we know it's called DI plus and DI minus, the blue and the yellow line? If you didn't know that before you started the program to alert, you can come to this DMI chart and click on the blue line and see what finger swim caused it. When you click on it, this DI plus box is highlighted. That means the name of the blue line is DI plus. Click on DI minus, which is the yellow line. That's a legend. That means the yellow line is called DI minus. Let's try to send an alert based on the MACD indicator, and if you click on the MACD chart, you can see that the blue or the green line is the value, and the average line is the yellow line. With the MACD indicator, when the blue line, the value line is above the average line, the yellow line, then it's a bullish indicator. The flip side is that if the blue line goes below the yellow line, then it's a bearish indicator. That means you should sell. Let's send an alert when the blue line goes below the yellow line. Let's go to MarketWatch, again, select SPY, then go to Study Alert, Edit. In this case, we want to select the study of MACD. Particularly, we want the MACD, yes, the value line, which is the blue line. We use the default length, the fast length, slow length, and the MACD length. When it's below or less than or equal to the study of MACD, the average line, which is the yellow line, then we have an alert. Looks like the alert is automatic trigger because we already fulfilled that condition. If you look at the chart, surely the blue line is already below the yellow line. That's why the alert is triggered. So let's see how we can set the alert when the blue line gets above the yellow line. Come back to MarketWatch, study alert, edit. So instead of say if it's less than or equal to, let's say if it's greater than or equal to. If the blue line gets above the yellow line, that's a buy signal, then we should receive an alert. Yes, the alert has been set. It has not been triggered because the blue line at this point is still below the yellow line. Let's look at how we can set an alert on the stochastic indicator. If you look at this chart, which is the weekly chart on the bottom here, we have the fast stochastic indicator. And then yet, aside from this horizontal line, we have two lines, the blue line, which is the fast K. And then the pain line, which is fast D. With the stochastic indicator, whenever the fast K or the blue line is above the fast D line, the red line, then it's a bullish buy signal. So let's set an alert to say when it's going to turn bullish. We go to MarketWatch. Again, SPY has been selected, steadily alert and edit. In this case, we want to edit the study of stochastic STOH. We select stochastic fast indicator and fast K, which is the blue line, we'll use the default values here. When it's greater than or equal to the study of stochastic indicator fast, when it's the fast K is above the fast D, which is the yellow line. Then we receive an alert. It is set.