 Hello X-Traders and we are going to look at a very quick topic but very powerful feature available on Thinkorswim. So let's dive right in. This is a chart of Square or Block. I recently typed in the Neo one, that's why that's there, it's not a glitch. We might use the same feature on Neo. So the thing is that today is Thursday and the market is closed, but right after the market closed, this is what Square did, of course it did so on earnings because it's earnings season and of course they obviously beat on earnings, but I believe the more impactful in news was that they actually raised guidance for next year. So the point is that we are used to drawing trend lines and support and resistance levels or what have you and the cool thing about Thinkorswim is that as you are watching this resistance here, which was broken, yes, but only by a little bit and very quickly not even before the next day, it was already back down below that support resistance line and then it tried to go back up and failed again here as you can see again a third time failed and then it did this thing of course and now it reports earnings and it does this. Now let's try to forget about the fact that it reported earnings. Let's just assume that this was trending back up, which was looking quite strong even before the earnings pop. So it's looking quite strong and you look at a chart like this before today, after market hours and you think to yourself, well, gee, I would really like to be alerted to whenever this square pops up above this line and also it works for trend lines. So if you see this big trend line coming down here, it is touching this area here, it is touching this area again, and then it sinks below even though it does cross over, it sinks below and then it stays below for quite a few days until such time today when it breaks up above and if we switched over to the four hour we could probably see that a little bit better. So there is that trend line actually drawn probably on a four hour time chart and there it is. It starts right there, it touches again a couple of times here and finally it breaks up above. So we want to be alerted to these kinds of situations. Well you can do this right from your chart which is the cool thing. So let's go ahead and start with the one hour that we were looking at which is 20 and let's say that this hasn't happened yet and we want to be alerted to whenever it breaks above 4605. So let's come over here and we can say create alert with drawing and it will tell us that intra bar price if it crosses above that price level one, whatever price level one was and if you recall price level one is just the default name that it gives to whatever price level you drew on here and that is called price level one right and it just keeps going on level two, level three, level four, however many price levels you add or you can come in here and actually change the name. So I'm going to do that but what I want to do is show you that you can create that alert right from the chart here and say if it crosses above then I want to be alerted and if you add many then you probably want to put in some kind of useful text. So like sq breakout right add an exclamation mark just for fun and you can be notified of different ways I don't know if we've covered this in previous videos on the thinkorswim series but you can be notified by number one playing a sound and you can test that sound right here okay that is a bell sound and you can choose from other types of sounds for example the ding and you can also have a push notification sent to your mobile device which would be the mobile device that is on your thinkorswim or TD Ameritrade account right and of course you can also have text messages sent or emails as well. So you can pick whatever option you would like and you can hit create I can also say show alert book after I press create and that is because you might have old alerts in there so hit create and it brings up the alert book which is part of this alerts sub tab on the market watch and these are all the alerts that I have added I guess in the past and those are still active so we would probably want to be getting rid of these because if let's say Neo breaks above 35 right then it would trigger of course it's so far below 35 that it's not going to trigger anytime soon but you could go through your list and clear out whatever you need to clear out back to the chart now you can also do this with trend lines right so you can come over here to the trend line and say you know what I want to be alerted to whenever it crosses over this trend line number four right you can do above or below of course if you're you're on a trend line as is this case here you could say well you know what I want to be alerted if it crosses below this trend line because then that means that possibly this trend is going to be broken you can be alerted to that as well okay or you can just do it whenever it crosses in either direction okay so that is a quick very helpful feature on thinkorswim I hope you guys enjoyed this quick video and drop some comments in the YouTube video comment section in case you have any other things that you would like to know about thinkorswim and I would be happy to cover those have a great one there's a reason why xTrades is currently the fastest growing application on the market for sharing financial ideas with over 2.5 million dollars paid in the last two years to contributors users are flocking to see what trades the top traders on the leaderboard are sharing in real time if you're looking to grow your reputation as a trader on the internet or discuss your trading ideas with other reputable investors click the link below and get connected with the trading mentor today completely free of charge