How to Set Up Pre Market Scanner Thinkorswim

Are you looking to gain an edge in the stock market by identifying trading opportunities before the market opens? Setting up a pre-market scanner in Thinkorswim can help you achieve that goal. In this article, we will provide you with a detailed guide on how to set up a pre-market scanner in Thinkorswim, a popular platform among traders and investors.

Step 1: Accessing the Stock Hacker Tool

The first step in setting up a pre-market scanner in Thinkorswim is to access the Stock Hacker tool. This tool allows you to filter and scan stocks based on specific criteria, including pre-market activity. To access the Stock Hacker tool, follow these steps:

1. Log in to your Thinkorswim account.
2. Click on the 'Scan' tab at the top of the platform.
3. Select 'Stock Hacker' from the dropdown menu.

Step 2: Setting Up Pre-Market Filters

Once you have accessed the Stock Hacker tool, you can start setting up filters to scan for pre-market opportunities. To filter for pre-market activity, follow these steps:

1. Click on the 'Add Study Filter' button.
2. Select 'Stock' from the dropdown menu.
3. Choose 'Price' as the study filter.
4. Click on the 'Add filter' button.
5. Enter your desired pre-market price range.

Step 3: Adding Pre-Market Columns

In addition to setting up filters, you can also add pre-market columns to your scan results to display relevant pre-market information. To add pre-market columns, follow these steps:

1. Click on the 'Personalize' button.
2. Select 'Add items' from the dropdown menu.
3. Choose 'Pre-Market' from the list of available columns.
4. Click on 'Apply' to add the pre-market columns to your scan results.

Step 4: Saving and Naming Your Scan Query

Once you have set up your pre-market scanner with the desired filters and columns, you can save your scan query for future use. To save and name your scan query, follow these steps:

1. Click on the 'Save as' button.
2. Enter a name for your scan query in the 'Query name' field.
3. Click on 'Save' to save your pre-market scanner query.

By following these steps, you can set up a pre-market scanner in Thinkorswim and start scanning for potential trading opportunities before the market opens. This can help you stay ahead of the curve and make informed trading decisions based on pre-market activity. Try setting up your pre-market scanner today and see how it can enhance your trading strategy!