Automated Trading on ThinkorSwim | Conditional Orders Explained

Today we’ll create two orders using two of the most popular indicators out there, SMA and RSI. These orders will only activate and be submitted when a specific crossover occurs using those two studies. If you’ve ever wanted to create an order that uses a specific study or indicator to activate, this is the video for you. ThinkorSwim happens to be one of the very few platforms out there that lets us create orders this advanced, although it can be a bit tricky when you’re first getting started. The tool we'll be discussing is called the conditional order tool. It allows the use of any combination of factors to submit an order automatically. Today we'll be specifically using the RSI and SMA indicators to activate opening trades to both buy and short stock.