In this paper we investigate the dynamical properties of weighted translation operators acting on the Schwartz space S(R) of rapidly decreasing functions, i.e., operators of the form T w : S(R) → S(R), f (•) → w(•) f (•+1). We characterize when those operators are hypercyclic, weakly mixing, mixing and chaotic. Several examples illustrate our results and show which of those classes are different.