 Traders, welcome back to the Scripts and Scanners video. So what we're going to do here real quick is look at the Thinkorswim platform and cover the Scripts and Scans. So Scans are pretty simple, you know, we covered some of this in the intro video. And you can basically create and mix and match all the parameters you want in these and you can then, like I said, save these as a watch list, right? You can also mess around with the filters and you can also save the scan query. Now what is the difference between a scan query and a watch list is that the watch list gets saved with these 47 results and that those are the 47 tickers that are going to be on that watch list regardless. Now with a scan query, things are different because with a scan query, you can actually save it as a watch list and it's dynamic. So if one of these tickers fails to miss one of these parameters or to comply with one of these parameters that you specified up here, then they will simply disappear from that list or they will come back if they ever do comply with it again. And you can tell if it is a regular list or a scan query, if you come over here to the market watch and you go over here to the quotes and let's say that you want to load a particular list and you see these with the little purple rings kind of like a target, those are dynamic scans, whereas these are just regular static watch lists. And you can share both of these with other friends or the traders, but that is the difference between those two. So a very important feature, the scan queries that you can save as dynamic lists. So that is basically the scan tab and how scans work, right? And like I said, you can combine these with other things such as option parameters, fundamentals. You can look for evident earnings per share or dividend stocks in studies. You can add a particular study like, you know, if it complies with an ADX crossover or an RSI crossover, MACD crossover and patterns, you can actually as well activate it and it'll look for patterns automatically. Such in the same way, you can set up automatic pattern detection here in the charts and it actually finds those, in this case, channels, which is what I believe I have activated it to find here, select patterns, channel up. So whenever it finds a channel up, it automatically throws that on screen for you. Now that's cool because it's an automated feature and that is what we're going to be looking at with these scripts. So charts have the ability to have dynamic labels of information as well as studies that come pre-packaged with the platform, as well as scripts that you can throw on here. And there's different kinds of scripts and some of them are for indicators and patterns such as these. So you can share these, you can code them, but you don't have to learn how to code. But you can if you want to, of course, and everything is in the education tab, but you can also simply use, there's a newsletter and there's people that share their scripts with you. So we're going to learn how to import these. So in the Discord, we have the elite plus channel. So if you sign up for one of our X-Trade memberships, you can come over here to the elite plus channel, right? And you come over here to the pinned messages and you can see automatic Fibonacci retracements, automatic trend lines, and those things do exactly what they say they do. It's pretty simple. They have a small explanation for some. And then the case of the automatic Fibonacci retracement, what it does is it automatically places Fibonacci retracements on a chart for you. Normally what you get is a link. You click over here to copy that link or you select it and then right click and copy. And then you come over to the thinkorswim platform and in the thinkorswim platform, you come over here to the little gear icon next to the setup and you say click open shared item. What that does is it's going to throw on this little pop-up window, you paste that in there, hit preview, get a preview sometimes, it's usually just a generic image. And then the important thing is here, I've already imported this item of course, so it is giving me the name that I already gave it. But you want to type in a name that is meaningful, otherwise the list of scripts grows and it kind of gets harder to find what it is that you want to find, right? So in this case I gave it the Xtrades ThinkScript TS Auto Fib Retracement, right? So it's already recognizing it as imported so I don't have to import it. Once you've imported an item, a shared item, you come over here and basically type in the name, Xtrades in this case, Automatic Fib Retracement, that's what we wanted. Double click on that, it'll throw it on there, hit apply and boom, it's ready. Now what this does is it gives you the fibs up here, right? It's giving you the 236, the 382, the 50, the 618 and of course you can edit all of that stuff if you come over here and click on the little gear icon for that particular indicator or study, it'll tell you which ones it is actually looking for, right? Okay, so what you can later do is, which is actually what you should have done before you threw this off, you want to practice with all of these things before you throw on an automated script, right? So the 236, I got 9.16, it has 8.9, the 382 is 10 spot 5, I've got 11 spot 6, so you can start adjusting those to whatever it is that you need. So let's go ahead and move on to the next script, which would be the automatic trend lines, again like I said, you click here, it selects it and then you come over to the setup gear icon, open the share item, throw it in there, preview and import. I'm not going to do that because I already have it, let's go ahead and look at what that one looks like. So in this case, it is the automatic trend line, this is going to draw trend lines for you automatically, Xtrades, auto trend, okay, throw it in here, hit apply and there it is. So you can see the trend lines coming off, right there, right here, down trend line, another down trend line up here, another up trend line here, another up trend line up here, another up trend line here, right and now you can practice with the trend lines that you drew yourself. So pretty useful tool, let's move on to the next one, which would be the cash flow labels. The cash flow labels, in this case what they give you is an idea of the amount of cash that flowed in and out on every candle. So let's go ahead and Xtrades cash flow, double click, apply, okay and you get the labels up here, okay so you can tell for this day, the current day, you can tell difference, the average per candle, as well as the total cash flow for this particular window of time that we're looking at, which is the daily of about 12 months. Okay, so that's for NEO. Now let's move on to the next one, which is the Ichimoku cloud and we have two versions of that, the Ichimoku cloud as well as the cloud labels. So we're going to come over, we've already imported this item, so let's go ahead and look for Ichimoku, there we go, that's the labels, see if you can find Ichi, I remember I mistyped the name, I wrote EC, so there it is cloud, so that's the Ichimoku cloud and we're going to go ahead and add it, not just find it, Ichimoku cloud, there it is, it's up here on the price area, hit apply and there are the clouds, right, bearish, bearish, bullish, bearish, same goes for the Ichimoku labels, Ichimoku labels, there it is, adds it to the price area, hit apply and probably there it is, the bearish Ichi, so that's all it's really telling us is for this time frame, it is bearish, now let's come over and look at the next one which is the volume overlay, the volume overlay is really cool because it gives you a better idea of what up and down trending volumes there were for a particular time frame, so let's come over here and zoom in, let's say to these few days right there and so you can see that out of this volume we actually have about half buy and half sell, so half bullish and half bearish volume right which is a lot more informative than just one bar where you don't really know what each volume was, alright now let's move on to the custom average moving average plots, this is really cool, just studies and remove our volume overlay and find the, goodness, the moving average, there it is, MA combo, hit apply, let me reset this time window here, so here it is, so what we're doing is three indicators which you can't really see because my indicators are in the way, you see how I have these 350, 100 and 200, well this is, you can combine one of them, the 5, the 8 and the 13, all into one indicator so you don't have to add three of these, so this gets a little bit bulkier when you add them more, so basically what it's doing is these are my original indicators, the 50, the 100 and the 200, these are the 8, the 5, the 8 and the 13 which you also get up here has nice cool little labels up on your chart but you can also get, and you can modify these of course, right, you can come over here to the flask and just hit the gear icon and modify each one of those if you want to BSMAs or EMAs or WMAs, right, if you want them to be whatever time frames you use, the 9, the 21, if you're day trading or stuff like that, so that is the moving average combo and now let's move over to the next three are Unremark and Run For Your Life and Heatmap which we will cover in a separate video, so I hope you enjoyed this video, I hope you found it useful, informative and if you have any comments or questions drop them in the comment section of the video, don't forget to like and subscribe, don't forget to turn on the alert notifications to get notified of any new material that we put out, I hope you have a great trading weekend, I will see you next time and get connected with a trading mentor today, completely free of charge