Has anybody seen the new ThinkAI tool from Think or Swim? I got the email that the software was being updated today, but havenât seen it yet. Iâll just wait till tomorrow. I think it might be a really cool tool. How many dozens of indicators are there out there? They all have the same thing in common, what has already happened. I have seen very little tools/prediction software/neural nets out there like this. There is the Foresight AI by Larry Pesavento and the Pesavento Map in the Ensign software, which I think might be the same thing. There is also the Market Map. They seem to give full day forecasts, while the TOS AI gives 15-120 minute projections. It also looks like it continually updates, while the others donât. I think that might be better. If Iâm daytrading, I really only need to know whatâs happening in the next few minutes, not the whole day.
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ThinkAI tool by Think or Swim
- Thread starter Sandybestdog
- Start date
I saw the demo yesterday. I'll watch it for a few days to see how it works and performs .... will be interesting to see, anyway. After all in this market most "predictions" other than "volatility" are taken by me with a grain of salt.
Hope it's as great as ToS says it is, though. But we'll see!
Hope it's as great as ToS says it is, though. But we'll see!
Quote from BarbaraM:
Unfortunately ThinkAI is not functional. Tried it today, but when it didn't work called tech support. A patch needs to be written to make it functional, lol. This has become very common with a number of thier new releases, still waiting on fixes for previous releases. Too bad.
Do you have the button on the charts? I don't even have that. I haven't noticed any glitches in any new releases. I'll just wait a few days and see if they'll fix it.
It's only functional for real accounts over $25K today --- for all paid accounts on Monday.
That said, I am running ThinkAI now on IBM and it looks to be working.
EDIT:
Does anyone know what kind of logic / variables they're using for this service, or is it a matter of "trust us and our proprietary black boxes" ?
That said, I am running ThinkAI now on IBM and it looks to be working.
EDIT:
Does anyone know what kind of logic / variables they're using for this service, or is it a matter of "trust us and our proprietary black boxes" ?
Ok thanks. I actually donât have any money in my account right now. I still get the emails and they let me have access to the software so I thought Iâd try it out. Iâll see if I can get it on Monday.Quote from rickf:
It's only functional for real accounts over $25K today --- for all paid accounts on Monday.
That said, I am running ThinkAI now on IBM and it looks to be working.
EDIT:
Does anyone know what kind of logic / variables they're using for this service, or is it a matter of "trust us and our proprietary black boxes" ?
Well I think it is a little different than say Bollinger bands. They just plot a moving average and put a standard deviation above and below it. But the key is it is always based on the price thatâs already happened. This looks like it actually projects a future price movement with bands around it. I donât really care if it works per se, I just think itâs quite gutsy to make a prediction like this. Anybody can make an indicator that somehow interprets how price has moved in the past, but to actually say where itâs going in the future is quite a piece of work. I wouldnât even begin to describe the logic to create something like this, let alone program it.Quote from tradermba:
I've worked with several large investment banks and this tool is very similar to a range projector. Based on the number of lookback bars, it calculates the atr and determines proprietary waves to forecast the next target. I've seen this tool before. Just another indicator to use in conjuction with your baseline style. P.S. The big boys don't use this. If it helps your trading, great!
Has anybody been using ThinkAI lately? I still don't have it. Do you think I have to put money in my account until they activate it or is still not working?