thinkorswim is a Windows web service that offers users instruments for analyzing online markets and making informed financial decisions. It is possible to develop and test complex trading strategies using historical data.

Chart analysis

With the help of this tool you are able to create customized graphs tailored to a specific trading style. There is a collection of more than 50 indicators and flexible drawing tools. This is helpful for visualizing market trends, identifying emerging patterns and uncovering new opportunities.

Backtesting

Users can evaluate their trading strategies without risking any money. It is possible to simulate various market conditions and test potential performance before starting to apply a new algorithm to the real world account.

thinkScript

This proprietary scripting language enables traders to automate the execution of their orders. Instruments for creating custom indicators, studies and algorithms to maximize future profits are included as well.

Like in eToro, you are able to place limit and stop loss types of orders to execute trades with precision. Moreover, there are advanced routing capabilities to ensure favorable market conditions.

Features

free to download and use;
designed to help you visualize and analyze information about various online markets;
there are more than 50 types of technical indicators;
traders can automate the execution of their orders;
compatible with all modern versions of Windows.