The "TOS and Thinkscript Snippet Collection" by Stanl This document also proovides a reference for future coding activities. The syntax is: ChartPlotName.TakeValueColor(). So I converted the PDF to Asciidoctor html format. Huge Database of FREE ThinkOrSwim Indicators and ThinkOrSwim Downloads These numbers are based on the columns "day" An example is: def SlowK = StochasticSlow( 80, 20, 10, 10, smoothingType = "SMA" ).SlowK; Here you have omitted the price parameters. onceperchartup.hidetitle(); Plot CrossUp = !mostRecentOnly and crossingup; else if price == volume then "The price-variable selected is Volume = " + Round(volume,0) This video gives a clear explanation of the differences between the three in Part 1 and usage in Part 2. Lower.HideBubble(); declare lower; Here is how its done. The compact form is simplest in that you simply put your values in the place/position of the default parameter you wish to change. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. This study indicates "+1" when the current value of Linear Regression Curve is equal to or greater than that of the previous bar and "-1" otherwise. Although a subject may not be of interest to you, the coding techniques involved may be pertinent to what you desire to code, either today or at some time in the future. VolAlert.SetLineWeight(2); Vol.SetPaintingStrategy( PaintingStrategy.HISTOGRAM ); left mouse key and drag the chart to the left for as much right-space as you want. . The thinkscript documentation infers that there are more forms of the if-then-else, but the additional examples are merely the base form shown with nested if-then-else statements/expressions. Copy the wizard result via CTRL-C and then 'CANCEL' the new study; or 2. I think the settings I use are the best ones, I have tried different values over the last several years, but these seem to work the best across all time frames. else if price == low then "low" A nesting (putting ifs within ifs) example, in the recommended layout for easy reading, is: Note that the last 'else open' relates to the 'if close > open' and applies when the intermediate 'else-if close = open' is not true. To be thorough and clear, you ought to code Harami().Bearish or Harami().Bullish instead depending on what you desire. Notice that the colon is placed after the input variable name (in this case Length). Dont forget to delete the studies, 5 in this example, that plotted the cnditions to preclude accumulation of studies that have no further use. If most datapoints are widely scattered, the SD will be larger (i.e. ?The answer lies in that this is an internal variable that fold uses. This function goes and gets data used in the do . Alternate 3: For a better study for the scan, use this. Note: this action will not recalculate the whole channel, but just extend the existing lines. Regression channel consists of two parallel lines plotted equidistantly above and below the Regression Line. Example 11 #hint: Uses the DMI to scan the up-trending ADX, Example 12 # by Pacodeveux in Mr. Hope you find this document useful. #def AggPeriod = getAggregationPeriod(); def Pct_Avg = Volume(period = AggregationPeriod.DAY) / Average(volume(period = AggregationPeriod.DAY), length) * 100; AddLabel(yes, "Todays Vol = " + round(Pct_Avg,1) + " % of the " + length + "-day-average" ,color.PINK); #Hint: Shows a label of current Volume as a % of the input Period Average Volume\n Colors Label based on current Volume being > or < Average Volume. If it complies, 1 is plotted if not 0 is plotted. A single "=" is the assignment operator. def firstBar = day != day[1]; AssignPriceColor(if firstBar then color.ORANGE else color.CURRENT); Each non-builtin indicator will be listed in this Snippet Collection. CloseLine.SetDefaultColor( Color.gray); #Hint: Plots the %-change-of-the-first-bar-value. def x = 1+GapPct/100; # factor for above 100 % \n (Default is Yes). plot d = Doji();# If a Doji is present Doji() is true.The below lines format what to show at that location. Usage example: You may have a stock plotted on the upper panel:Say an oil company, CVX. def avg = MovingAverage(averageType, price, length); There is a complete tutorial named Aggregation Tutorial,PDF available at http://mytrade.com/StanL. LRC (Linear Regression Channel) Indicator | Stealth Traders Calculates the simple moving average using fold. A 'snippet' is a small piece(s) of script, oriented towards accomplishing a specific input length = 50;#hint length: The average length being evaluated 0 thru 8 with the internal variable named Var_ma. To plot the swing high you could code it like this: This would paint a dot on all the swing highs, and nothing everywhere else. else if price == low then "low" see an example under 'VERTICAL LINES (3 STUDIES)'. else if price == ohlc4 then "The price-variable selected is ohlc4 = " + Round(ohlc4,2) 2023-04-21 / channel_cylinder-z-MOL. This code plots candles relative to the centerline of the linear regression channel (the linear regression line) and shows the movement relative to that. Building Department Home. Plot scan = high > average(close,200) && low < average(close,200), Alternate 2: Price crosses the 200-day MA. else if price == hl2 then "hl2" Much credit and thanks are due those people. Our forum can be intimidating, if not overwhelming. A useful external-to-TOS tool for comparison of symbols may be had at Symbol Comparison Tool TOS has also assigned names to 23 colors per the following: Reference: [See all color constants](https://www.thinkorswim.com/tos/thinkScriptHelp.jsp?laf=dark#constants). means that the data is variable 'inputted' data defined by the user. An example is -- #hint: Plots a trend line between the two input dates. Commerce Township Building Department. For coding related to the day of week (Monday, Tuesday, etc.) Ratio_vol.AssignValueColor(if Ratio_vol >= Ref_val then Color.green else if Ratio_vol < Ref_val and Ratio_vol > 0 then. or 15/10 = 1.5; 1.5 - 1 = 0.5; 0.5 X 100 = 50 % increase. Building Applications. case "Absolute Breadth Index": plot Lower = 0; Note that the LinearRegCh100 color cannot be changed because it is a built-in study and its code is non-editable. The Revenue Optimization Analyst will track revenue over time and determine how . then. DefineGlobalColor("Purple" , CreateColor(160,32,240) ); See all predefined color constants: See predefined color constants. d.setDefaultColor(Color.White); #hint:Uses the VolumeAvg study and adds a label showing volume as the percent of the average daily volume. Comment: In the label, note the retrieval of the literal AverageType selection. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. When is used in the do statement, the last value of is used and not the current value. thinkScript code indicators for use with ThinkorSwim platform. advnDecl = AbsValue(advances - declines); image::12-2.png[Click to Change Aggregation]. def Lowest_Low = If(MktIsOpen and Show, LowestLow, Double.NaN); plot HH_LL_Pct = ((Highest_High / Lowest_Low) - 1) * 100; Also if the "RATIO" (NOW/B4) is less than zero then the percent change will be negative. An example is -- input Length = 10 #hint Length: The number of bars used to calculate the average. No one can ever exhaust every resource provided on our site. Comment 1: The stochastics indicator can be confusing because it is referred to as: 1. AddChartBubble(ShowBubble && Vol_Change > Ref_val, Ratio_vol, round(Ratio_vol,0) + "%", Color.green); addLabel(1,"Shows the % change in volume compared to the previous bar", Color.pink); advances = close("$ADVN"); Bar-number data and counting can be very useful when debugging code. Sort by date Sort by votes Joshua Well-known member. The column will then tell where in the range of the last 4 days, the Below is the picture of the StockHacker composition. And it is so easy to change the agg. "Here is the code for my favorite indicator. This PDF takes If a case default: is present, its code is applicable to ALL the enum values that do not have a case. The impact of 'double' is that constants such as the names of the 23 ThinkScript colors, like LIGHT_RED, BLUE, UPTICK, etc., are not floating point numbers and hence cannot be used in this immediate-if. So within that context, certain functions make no sense, like barNumber(), HighestAll() to name a few, also rec variables. This is interesting because it illustrates the concept of the fold and def being applied to every bar. Characteristics and Risks of Standardized Options, Trading Forex: What Investors Need to Know. When it turns green you are in the safe zone. The first value is getValue(price,n) or price[0] . Price. Please feel free to fork and send me pull requests or corrections and additions. All four below produce the same result and also illustrate the ways to use references. Set it too high and you may unnecessarily be wasting server capacity. scan.SetDefaultColor(Color.White); I want a way to keep from entering and exiting orders to often. The parameter list is in a fixed order of inputs from left to right i.e. else if price == imp_volatility then "imp_volatility" For example 4-days is a column agg choice but is not a choice of the chart Here is a free one at a premier charting sites, Stock Charts, Check this out for Predefined Scans. 5 run average: 4.752 s. Relative performance: 0.7% faster. plot ROC_Pos = RateOfChangeCrossover( crossingType = "Negative to Positive").signal; The above reads as 'scan for when the rate of change crosses above zero (or goes positive).'. That agg can be changed to say '4 days'. The function is not easy to use but understanding the purpose of the components will help you to feel comfortable with it. each parameter/input has a fixed location in the list. https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/. Does thinkscript have linear regression? : r/thinkorswim - Reddit The people on the ThinkScript Lounge and Yahoo TOS_ThinkScript generously contribute much time and effort helping those learning and using ThinkOrSwim and ThinkScript. def regression = InertiaAll (price, 30); def stdDeviation = StDevAll (price, 30); plot UpperLine = regression + stdDeviation; plot LowerLine = regression - stdDeviation; The example draws the Standard Deviation Channel, which is the linear regression channel spaced by standard deviation. else if price == vwap then "VWAP" If you want to see it just make it a lower study. SecondsFromTime and SecondsTillTime use a HHMM format. advances = close("$ADVN/Q"); This is the bubble in the right margin and not onthe chart itself. EMAs are great but so many times a fast line will cross a slow line but then turn right around and un-cross. input length = 10;#hint length:The length of the average volume plot "DI-", Scan for the MACD Histogram value crossing from positive to negative or vice versa. Arrow.SetLineWeight(5); Set agg = day. The datapoints are assumed to be a normal distribution curve (is prevalent in most statistical analyses). Use a month agg and it will tell where in the last months range the stock currently is. This icon will now show on the chart in lieu of the cursor. Both methods are used frequently.
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