ALGO Swamp

Toolsthinkorswim mother bar indicator

Mother Bar Levels

Mark the mother bar. Watch the break.

The study marks the most recent mother bar, a bar followed by an inside bar. The next bar's high is below this bar's high, and the next bar's low is above this bar's low.

SPY daily chart with Mother Bar Levels. Dark orange lines mark the mother bar high, low, open, and close. A later bar trades below the mother low.
SPY 15-minute chart with Mother Bar Levels drawing dark orange high, low, open, and close lines out to the right.

$29once

Buy Mother Bar Levels · $29

What it plots

  • The high and the low are solid dark orange lines.
  • The open and the close are dashed dark orange lines.
  • The lines start at that bar and extend to the right.
  • After the mother bar, it alerts when the close crosses the mother high or the mother low.
  • It uses the bars on the chart you add it to, on any timeframe.

Install on Windows

  1. On the thinkorswim desktop for Windows, open Charts.
  2. Open Studies, then Edit Studies.
  3. Choose Import, select MotherBarLevels.ts, then add Mother Bar Levels to the chart.

Questions

Does Mother Bar Levels work on any timeframe?

Yes. Add it to any chart. It uses the bars on that chart, so it follows whatever timeframe the chart is set to.

Is Mother Bar Levels included with the desk?

No. A monthly desk, an annual desk, and the 7-day trial do not include it. It is a separate $29 purchase, the same way Options 201 is sold.

What is the refund policy?

Refunds follow the same handling as Options 201. A full refund issued in Stripe removes access to the download.

Does it work on thinkorswim?

Yes. It is a study file for the Charles Schwab thinkorswim desktop platform on Windows. ALGO Swamp is not affiliated with or endorsed by Charles Schwab or thinkorswim.

A $39 bundle with Mother Bar Levels and the Mother Bar Sweep Scan is coming soon. Each file is $29 on its own until then.

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