#. Please feel free to fork and send me pull requests or corrections and additions. "Advance/Decline Ratio" then "Advance/Decline Ratio" C- THE 'AdvanceDecline' STUDY herein is an excellent example of this. AddLabel(type == type. For a better experience, please enable JavaScript in your browser before proceeding. Scan for PreMarket that shows stocks > 1% from Bid above Close last nite? To activate privacy that shows * instead of the dollar values, click the blue dot left of the 'Net Liq & Day Trades' and check the privacy square. If you are inclined towards the use of concat, here is a guide on its use as well as an example of conditional coloring. concept applies to all aggs. Set agg = day. The following code, placed as the top lines in your study, will reset the header text color and affect nothing else except a shown below in 'edit studies'. The code for swing lows is similar. Renaming a study will automatically change the study to the new name on each of the 15 charts. Example 11 #hint: Uses the DMI to scan the up-trending ADX, Example 12 # by Pacodeveux in Mr. Also configure the chart to synchronize the cursor across all grid charts via Chart settings/general tab/Synchronize crosshair position. The def causes each bar to hold the value of bigCount and the folds 'do a + bigCount[1]' essentially causes each bar to be increased by a factor of 9 due to its looping. This free tool will help you to get the RGB values for any color you desire to compose. Hope you find this document useful. View full post. This icon will now show on the chart in lieu of the cursor. Otherwise, you may not get an error but an 'ifthenelse' statement may not print. This is my first code i've written. Also labels are valuable for clarifications. (if exchange == exchange.NYSE then "NYSE" This is a very easy way toimplement these scans since all the parameters are presented for easy assgnment. The code below allows you to show the oil futures (/CL) below for comparison. Plot MA_below = MovingAvgCrossover(price = close, Length1 = 15, length2 = 30, averageType1 = "simple",averageType2 = "Exponential", crossingType = "below").signal; The above reads as abased on the close, simple average1 of length = 15 crosses below exponential average2 of length = 30. Comment: If the above code was in a saved study named 'MyPriceTrend', you would run it by entering the following code in the custom scan location. This includes converting ThinkScript variable-values into text. ' def Vol_Change =((volume / volume[1]) -1) * 100; plot Ratio_vol = Vol_Change; See http://tda.thinkorswim.com/manual/metal/thinkscript/tutorials/advanced/referencing/other%20study.html, image::12-1.png[]Click the Scroll] 'Percentage view' may be initiated in three ways: By going to 'chart settings/price axis' tab and checking the boxes per the picture below. A cluster is when all three plots are either above OB (80) or below OS (20). Comment: This illustrates how to plot a study (MarketForecast) by reference. Pre market scans are not very efficient. You may find these especially beneficial to learn and comfortably use them. for example check this trendline on daily one year chart for swbi , also look at one year daily chart on CIT , join Reg blue trendline for april 27th , june 3rd and present lows to form a trendline. def Example2A = Sum(MACDHistogramCrossover(crossingType = "Negative to Positive"), 8) ;#This plots the count of "Negative to Positive" crosses in the last 8 bars including the current bar. Lets say you want a calculation to repeat 5 times. Another example that you may try as a work-around is as follows: Realize also that overly complex if-conditions are only one aspect that generates the 'too complex' error. def RangeCondition = ADX > 0 && ADX < 13;# ADX is between 0 and 13. "DI+"; #MomentumCrossover: Scans for the Momentum crosses the zero line. def crossingover = close("Greatest Show Ever! def data = (Volume / VolumeAvg(VolAvgLength).VolAvg)-1;#Vol as fraction of VolAvgLength. So to display the presence of a Doji on your chart you code it as : Another point to remember is that some candles are both bearish and bullish. Defines whether to always show the label at the specified position, or on mouse hover only, or to hide it completely. Also custom columns have some aggs that Specify begin and end points of regression line . Not to mention the rainbow of colors. "MULTIPLE INSTRUMENTS COMPARISON" is a flexible study of ANY 10 INPUT SYMBOLS any of which can be turned of (i.e. Each bar on a plot represents a period of time known as the primary aggregation: one minute, five minutes, day, etc. The default parameters are KPeriod = 14. else if price == low then "low" case "Advance/Decline Line (Daily)": Naturally the aggregation is set to what you want to count like days, hours, 15 min bars, etc. The '%HL Custom Column' (available Trailing Stop By Jesse on the Mr. Defines the time scale value corresponding to the begin point. Comment: There are times when one wants to use a study-within-a-study, The LinearRegressionCurve and ProjectionBands are builtins used here to plot the linear regression of the upper projection band. at http://mytrade.com/StanL ) tells where, in todays prices, a stock is now i.e. Right extension. NO BAR THEN THE DATE/TIME RETURNED VALUES ARE NOT RELIABLE. An RSI indicator on a single line with over-bought/over-sold color indication. {default NYSE, NASDAQ, AMEX}, does not have a case, then there must be a case default: In this example, each of the enums has a case so there is no case default:. 5 run average: 4.752 s. Relative performance: 0.7% faster. You like trading. I like making it easier. This tip presents a method to sort out the confusion that may arise with multiple conditions. If you compare this to the LinearRegCurve be sure to use the same number of bars input for each study. 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. AddLabel(yes,"% Change compared to " + length + " days ago = " + Round(PctChange, 1) + "%",color.PINK); Alternate = current close as percent of the last-52-week-range. In the above 'Scan/StockHacker' tab, all fundamental filters have been deleted using 'red-circled-X'. You can use either the ThinkScript functions or calculate the variables for Linear Regression and Standard Deviation which ever you prefer. The default parameters are. Better trades with simple strategies, proven indicators, and a community of support, The Best Collection of thinkorswim Scripts, 2,000+ Traders in the Private Discord Community, 50+ Proven Strategies, Setups, & Chart Examples from Pro Traders, Get Answers To Your Questions From Seasoned Traders. Otherwise/else, if the close is not greater than the open, then plot the open. This form is very useful as the right-hand side of the equal sign in a Plot or Def statement. It is recommended that you use a good PDF reader that has good navigation and search/find capabilities. The above reads as 'scan for when the 14 period fast stochastic crosses above 80'. . Comment:HV and IV do not plot on intraday. is the enum value. Does thinkscript have linear regression? : r/thinkorswim - Reddit GetDayOfMonth(int yyyyMmDd);#Returns number of the day in the month. Ive written extensive notes for the curious to explain how it works, how and why the statements are built the way they are. Ideally it should be set to the maximum number that the dynamic index is expected to be. Market volatility, volume and system availability may delay account access and trade executions. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Vol.SetLineWeight(3); For value1 = 85 and value2 = 38 then: 85 /38 = 2.24; 2.24 X 100 = 224%. The below picture is used to illustrate the concept. Plot MFI_below = MoneyFlowIndexCrossover(crossingType == crossingType.below).signal; MovingAvgCrossover: Scans for crossovers of moving averages of different types and lengths. 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); RT @egragcrypto: Thank You @XRPNews_ for sharing #XRP Chart " #XRP Regression Channel + Bollinger Band" https://youtube.com/clip/Ugkx . The user found those time differences between the two custom columns pertinent in his decision making. Hence, this section will be as thorough as possible with many examples to illustrate their usage. This RSI is in conjunction with a MACD. Other examples of switch usage can be found at S-PRICE DIRECTION SCAN , S-PRICE DIRECTION SCAN, C-ATR TRAILING STOP and C- THE 'AdvanceDecline' STUDY. is the description you want displayed when the bubble is clicked. A powerful signal is present when both speeds are simultaneously below OS or above OB. d.setPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); $795 Market Skills Workspace Bundle In studies or strategies, ThinkScript runs your script once for each and every bar on your chart, regardless of the aggregation period. We get it. Plot Stoch_Slow_OS = StochasticCrossover(stochasticMode = "StochasticSlow", crossingType = "Oversold").signal; The above reads as 'scan for when the 14 period slow stochastic crosses below 20'. def dayOpen = if firstBar then high else dayOpen[1]; plot x = dayOpen; def = fold = to [ with [ = ] ] [ while ] do ; Each component of the fold function will be explained separately. So I converted the PDF to Asciidoctor html format. datapoints(0.68 X 100 = 68). To make the line invisible, paint it the same color as your background. Giving the grid a name allows you to call it up whenever you want. The statement "input Show_ChartPeriod = yes;" reads: assign (or set) the memory location labeled 'Show_ChartPeriod' to yes (boolean TRUE); The double "==" is the logical equality operator. else if price == open then "open" To make an 'Info Bubble' for 'Edit Studies' input. This can be a 'yes' or 'no', or any condition statement or a reference to: (1) a previously defined condition statement; or (2) an input true/false value. The labels text can be defined using using 'concat' or '+' which is known as the string concatenation symbol. High positive values of the slope might indicate a buying opportunity, while low negative values can be considered a signal to sell or open a short position. def crossingdown = price crosses below avg; It seems like whenever the fast EMA crosses the slow EMA AND a certain amount of time passes the combination of those 3 events signals a longer term trend. 10 loops are executed and each loop is multiplied by the value of the previous loop. Use of '' and "" Often the single and double quotes are used to identify precise coding, words or statements whose use is not intended to include the quote marks themselves. So when is it needed? Below is the picture of the StockHacker composition. def Example3 = Sum(MACDHistogramCrossover(), 8) >= 2;#If the count of "Positive to Negative" crosses in the last 8 bars is greater than or equal to 2, then Example3 evaluates to 'true' (or 1). Location: Acme. They are: (1) Bearish candle plots.txt; and (2) Bullish candle plots.txt. else if price == hl2 then "The price-variable selected is hl2 = " + Round(hl2,2) "Span B"), Ichimoku scan for crossing below the cloud, close crosses below Min(Ichimoku(). Conditional coloring can also be had with the addition of if.then..else statements. JavaScript is disabled. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. case "Advance/Decline Line (Breadth)": Vol.DefineColor("Down", Color.DOWNTICK); select 'pointer' to re-establish it. The bearish trend appears when there is a decrease in price, and the slope of the regression line is negative. Visually identify a stable trend on the chart and fit standard deviation channels by dragging your mouse over the selected time period. useThinkScript Community Start a new thread and receive assistance from our community. def avg = MovingAverage(averageType, price, length); AddChartBubble(Isnan(Close[-1]) && ShowBubbles, MovAvg200, (MA2_length + "-Day MA"), Color.DARK_ORANGE); addLabel(1,"Mov Avg input price choice = " + (if price == close then "close" This code was developed to show the minutes-ago that the stock started to turn up. REMEMBER THAT DATE/TIME FUNCTIONS RELATE TO A BAR ON A CHART. The below picture illustrates doing this. There is a lot to learn by studying this advnDecl = advances / declines; The conditions may qualify the do-actions results or they may define conditions that terminate any further loops at the current bar. Fold will normally work in a scan and custom columns. Change length or the value of 'X > 10' for a more powerful trend. Although surface tension follows a linear. No one can ever exhaust every resource provided on our site. A arrow when the volume exceeds the inputted average with an info label. Note: after recalculation, the bars will be added to or removed from the right endpoint of the lines. Count the number of bars between successive highs In the left panel: In the left panel In the Market Watch/Quotes In the Market Watch/Quotes. An example is -- #hint: Plots a trend line between the two input dates. Comment: This code received a lot of attention and discussion on TastyTrades 'Game Changers'. Coefficient. plot d = Doji();# If a Doji is present Doji() is true.The below lines format what to show at that location. Automatically identifies the most popular harmonic patterns. case NASDAQ: During trading hours this is also todays date. else if price == ohlc4 then "The price-variable selected is ohlc4 = " + Round(ohlc4,2) AD.DefineColor("Up", Color.UPTICK); def NineThirty = secondsFromTime(930) > 0; This 'with ' is the value that will be added to when you see code like 'do nice + idx3'. Return to 'drawings' and If your definition of the label text involves long and multiple 'ifthenelse' statements, to insure that they all print, enclose each 'ifthen else' statement in parentheses e.g. [10] means 10 agg-bars ago This is the "B4" value. Each non-builtin indicator will be listed in this Snippet Collection. s accomplished. advances = close("$ADVN"); to keep track of what agg you are currently using. The results are a, b, stdev (constant, slope, deviation of samples around regression line). crossup.hidetitle(); Plot Crossdown = !mostRecentOnly and crossingdown; VolAvg.SetDefaultColor(GetColor(8)); onceperchartup.setLineWeight(3); 'decrease'. Polynomial Regression Channel - Fun with ThinkScript Cut the selected item. How to Install thinkScripts and ThinkOrSwim Downloads - First Things First To install ThinkOrSwim downloads and indicators from these links, there are 2 options: either click the link and then the green button on the next page, OR simply copy the link, select "Setup" on the upper right of your ThinkOrSwim application, and select "Open shared item" Thinkscript - An Introductory Guide - AlgoTrading101 Blog Join this channel to get access to the perks:https://www.youtube.com/channel/UCCWi3hpnq_Pe03nGxuS7isg/join Comment: You have a watchlist in either the left-hand panel or in 'Market Watch/Quotes'. Some of the common tags you may be interested in are listed below: Example of the following script and its result: #hint: Bar Count Between Highs\n Counts the number of bars between each high in the specified length. After-hours must be activated in settings. It provides a more responsive Stochastic for day trading. The ! Go to 'Drawings' and select the 'Pan' tool . Ratio_vol.HideBubble(); You are using an out of date browser. Using the chart settings directly If most datapoints are close to the average, the SD will be low (i.e. advnDecl = advnDecl[1] + if !IsNaN(advances - declines) then advances - declines else 0; This study presents the 200 day moving average plot and a scan for within 10% of the MA(200). A plot of the ADX is optionable. The ADX can be bullish or bearish depending on whether the DMIplus is greater than the DMIminus. Futures and futures options trading involves substantial risk and is not suitable for all investors. RefLine.SetDefaultColor(Color.Yellow); "Advance/Decline Spread (Issues)" then "Advance/Decline Spread (Issues)" You will then be presented with the following dialog: If you have forgotten or are unsure of the symbol, you can find it easily as follows: The comparison will be overlaid on the upper panel using the left-hand price scale. Regular grids is suggested in lieu of flexible grids. Line, Bar, Candle, or the color. addLabel(!ShowBubble,"%-value-bubbles available when above " + Ref_val + "% reference line", Color.white); Conditions here do not preclude the 'do' statements from having an 'if' statement that may also set conditions but those conditions are used in getting the desired result from the 'do' statement. This document also proovides a reference for future coding activities. Linear Regression indicator For ThinkOrSwim - YouTube Uses the data of the entire plot. As an example let 10 be the original value (B4) and 15 the final value (NOW). We'll run it in the context of three different indicators. There are three ways to do this. Comment: Clouds create nice looking charts. length = 14, threshold = 20. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. The label function is AddLabel(boolean visible, Any text, CustomColor color); and has three components. ' Reddit and its partners use cookies and similar technologies to provide you with a better experience. Note that the columns can be customized and adding a 'Send to [4] Green', for example, gives a quick chart of the stock. Ratio_vol.SetLineWeight(5); The first letter indicates the category of the subject. The Standard Deviation (SD) is used frequently in TOS studies and its concept needs understanding.If you have 100 random datapoints, they combine to have an average (a single value). Color-assigned-index-numbers are explained in the separate topic. So within that context, certain functions make no sense, like barNumber(), HighestAll() to name a few, also rec variables. Also, whenever someone talks of a 'Gaussian distribution' they are talking of a 'normal distribution' curve. The same 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. In summary, make your code compact and smart with only necessary essential lines. The syntax for GetValue is: GetValue(IDataHolder data, IDataHolder dynamic offset, int max offset); A discussion of fold would not be complete without discussing the GetValue function. Here is a free one at a premier charting sites, Stock Charts, Check this out for Predefined Scans. Arrow.SetDefaultColor(Color.White); Application will automatically adjust the slope of the lines based on linear regression. ', Alternate 1 = Stocks in top 10 percentile of their 52-week high-low range, Alternate 2 = Stocks between 47% and 53% (or the middle of) their 52-week-high-low range, Alternate 3 = scan to find stocks which made new 20-day-low, Alternate 1: Stocks that have a RSI under 20 for 3 days and a closing price above the 200 SMA, Plot scan = (RSIWilder(length = 2) < 20 && RSIWilder(length = 2)[1] < 20 && RSIWilder(length = [2] < 20 && Close > SimpleMovingAvg(length = 200)), Alternate 2: stocks that have a 3-day RSI under 20 a closing price above the 200 SMA, Plot Scan =(RSIWilder(length = 3) < 20 && Close > SimpleMovingAvg(length = 200)). For a better experience, please enable JavaScript in your browser before proceeding. Also if the "RATIO" (NOW/B4) is less than zero then the percent change will be negative. plot RefLine = Ref_val; BollingerBandsSMA(). Defines an action to be performed, for each loop, when calculating the fold function. This position will assist in multiple departments, providing an extra layer of analysis to maximize the value of each hotel. else' format. It is useful to be aware of the techniques so that, when the time comes, you will know where to look to get the how-to-do specifics. As shown above the study list and the inputs have info bubbles. The 'immediate-if' is the shortest and is documented at, http://demo.thinkorswim.com:7001/manual/metal/thinkscript/reference/Functions/Others/If.html . Not related to the above = and == is the "bang" (exclamation mark). To re-establish, click 'Add Fundamental Filter'. stock currently is. def Lowest_Low = If(MktIsOpen and Show, LowestLow, Double.NaN); plot HH_LL_Pct = ((Highest_High / Lowest_Low) - 1) * 100; onceperchartup.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP); They are also excellent for correlating the looks of a candle with its title. The code is presented here so you may change it to your liking. def _volAvg = Average( volume, length ); It would be OK to set it a little higher than you know is needed. else if price == ohlc4 then "ohlc4" Situation: "I want to find the best time to enter and exit an order. input pct = 25.0;#hint pct:Plots an arrow when volume exceeds the average by this percent The above reads as 'scan for when the rate of change crosses below zero (or goes negative).'. Script show), input price = close;#hint price:Select the price of choice Notice that each statement is enclosed within a block (the parts enclosed in the { } ) and must end with a semi-colon. You may see both ways used in coding. The choices include other than price items such as volume and 'imp volatility'. You may also assign a text-name, for later use, to any color you create via. Note that colors 'UPTICK' and 'DOWNTICK' are defined respectively as a red and green tone because they are frequently used in chart coloring. input IntraDay = Yes;#Hint IntraDay:Yes for intraday only If the close equals the open then plot the (low + high)/2 . Vol.SetPaintingStrategy( PaintingStrategy.HISTOGRAM ); Vol.DefineColor("Up", Color.UPTICK); input BeginDate =20130810;#hint BeginDate: The start date in YYYYMMDD format. Re the recent release & Renaming studies. Plot ADX_Bear = ADXCrossover(crossingType = "above") .signal && DMI. or 15 -10 = 5 = change difference; 5/10 = 0.5; 0.5 X 100 = 50% increase. I constantly look A distance of +/- 2 SD from the average will include 95% of the 100 datapoints(0.95 X 100 = 95). else if price == volume then "The price-variable selected is Volume = " + Round(volume,0) will no longer work and will not be changed to the new study name. This is a price correlation scan compared to the SPX with a correlation of 0.95 to 1.0 for the last 50 bars. See the picture below. Copy the wizard result via CTRL-C and then 'CANCEL' the new study; or 2.
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