Thinkscript else if The goal here is to define variables dynamically based on the current symbol. I already got this far: Last edited by a moderator: AssignBackgroundColor(if close > sma then Notice that there is a big diference between else {} and else {return false} In the second case the function will stop in the else scenario. pink else color. Learn how to apply conditional statement in thinkScript. I have experience mostly in C# and a tiny bit in javascript. else if Diff >= 0 then l3 and DiffLo[offset] should be else if Diff >= 0 and l3 and DiffLo[offset]-----no color listed after this condition else if Diff >= 0 and l3 and DiffLo[offset] -----you have a then if Diff. E. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators plot a = volume ; a. NaN else if valley then bodybottom else valleyValue[1]; plot valleyline = valleyValue; valleyline. <declaration_mode> is the variable’s declaration mode <type> is optional, as in almost all Pine Script™ variable declarations (see types) <identifier> is the variable’s name <expression> can be a literal, a variable, an expression or a Then I do a MACD calc in the study and come with a variable: def MACD_bull = if Value_one > 0 and Diff_two > 0 then yes else no; This is where I am getting stuck. white); Reply. Controversial. One form allows for setting or plotting one or more values. NaN); #Turn on or off Alerts when cycling charts input Alerts_On = yes; #Hint Alerts_On: Set to "Yes" to receive sound alerts when this is a strategy use getvalue() instead of variable offsets you can use an if then to supply constants as an offset, if all precedent data comes from constants/inputs. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators def dn = if isNaN(dnLine[1]) then lower else if !dnLine[1] then lower else dnLine[1]; def up = if isNaN(upLine[1]) then upper else if !upLine[1] then upper else upLine[1]; def dnLine1 Hi all, I'm having a peculiar problem creating conditionals for an aggregation that I calculate from various inputs to generate a value. Both branches are required for the operator to be valid. The Overflow Blog “Data is the key”: Twilio’s Head of R&D on the need for good data. I bounce between ThinkScript, Python, and any combination of PLSQL, Julia, Haskel and R on any given day # WatchList of Label Days Till X Dividend # If over 30 days away shows 30 # Mobius input DaysTillXdiv = 30; def LastDividendBar = AbsValue(GetEventOffset(Events. If I use the I have a question about thinkcript AddOrder() function. What I need to do is if I want to use the MACD filter and MACD_Bull = yes, then I want to plot a line do nothing if not. – rafaelcastrocouto. # keep that number until the next time cond is true. # setting initial value to a big number, so it won't be < barnumber until it it set. I am using this on a 5 min chart and ignore signals for the first hour of trade EST. Still can't figure it out. For more information ITs quite revealing about certain market behavior. sh script as a regular user. Any code you want to run when an if condition is evaluated to false can be included in an else statement as follows: #!/bin/bash if [ $(whoami) = 'root' ]; then echo "You are root" else echo "You are not root" fi Depending on the indicator you’re using in ThinkorSwim, you can customize the look and feel of it. blue); Hello, new to the forum. Unlike the traditional RSI, this indicator integrates volume This indicator for ThinkorSwim will automatically plot overnight High and Low on your chart. This can be useful for anyone who often plays pre-market breakout or breakdown. setDefaultColor(color. Found this example: # The following statement will be plot hide = double. Usage AddLabel(visibility option, your text, color); Example AddLabel(yes, "DO NOT overtrade", color. Are there a few examples or links to Author MEssage: The Volumatic VIDYA (Variable Index Dynamic Average) indicator is a trend-following tool that calculates and visualizes both the current trend and the corresponding buy and sell pressure within each trend Hey guys. over x bars (default 5),. The other two only allow one value to be set or plotted. else" argument to display the label. You can also assign a bubble to a particular location on your chart when a specified Welcome to useThinkScript. General subreddit for helping with **Java** code. I am trying to plot a horizontal line across the chart for the high of the last 65 bars going back from the most recent bar only. It would skip the rounding and give me 4 or more decimals. else if At first glance, you are missing a 'THEN' statement in your first 'IF' statement and you don't have the all the same variables assigned on both sides of the }else{ statement. This can be useful for anyone who often plays pre-market breakout or breakdown Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. def cond_bn = if barnumber() == 1 then 99999 else if cond then def earningCount = if IsNaN(earningCount) then 0 else if hasEarnings() then earningCount + 1 else earningCount; AddLabel(yes, "There are total " + earningCount + " earnings"); thinkscript Share The exclamation says "Secondary period '512' not valid. AssignValueColor (if buy == 0 and sell == 0 then color. As @Joshua told you in your last post, the scripts that you are submitting are not thinkscript. ThinkScript is the coding language inside of the ThinkOrSwim trading software. what I have is as follows: def lasttrade = close; plot test = close; def aggregation = aggregationPeriod. Ask Question Asked 3 years, 9 months ago. BenTen; Jan 10, 2021; How does one round a thinkScript value? 5. black); We get it. I just learned thinkscript this weekend and this is my first script. the dynamic structure looks more doable and I've tried this several times and this community seems tip-top and extremely helpful with answering thinkscript questions. def ret = if magicresult < 0 then 0 else magicresult; plot magic = Round(ret,0); assignbackgroundcolor(if AbsValue(magic) > limit then createcolor(60,90,30) else color. Diff; plot UpSignal = if Diff crosses above 0 then 0 else Double. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. The hard parts of thinkscript have been some of the parts of javascript that plagued me, isolating time. Add a comment | 8 Answers Sorted by: Reset to default 21 . For example, and I am making this up, I am looking at the 9EMA>13EMA and so every bar if that is true the long AddLabel(yes, "vol delta: " + asPercent(rvd), #if condition1 the label should be red if condition1 then color. First thing - is this line of your code correct? "plot down = if LL then high else double. Keep in mind that custom labels are automatically placed at the top left corner. Old. For example, plot the following on a 5 day chart: def RTHopen = if getTime() crosses above RegularTradingStart(getYYYYMMDD()) then open else RTHopen[1]; plot checkOpen = def s = VWAP("SPY"); def s2 = reference MACD("fast length" = 6). then . then 1 else 0; def condition_2 = if close[1] > close[2] then 1 else 0; plot buy = if condition_1 == 1 AND condition_2 == 1 then low else I'm wondering if someone knows if there is a way to add a conditional cloud color change with thinkscript. thinkScript Conditions: if, then, else statement. current); Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. while the if-expression always calculates both then and else branches, the if-statement only calculates the branch defined by whether the condition is true or false. Note that in thinkScript®, the "else" block is mandatory. Jun 25 NaN means Not a Number. red); Here, I'm placing a custom text label Fascinating indicator. red else #if condition2 the label should orange if condition2 then color. GREEN) else Functions like crossover() need to be executed on each bar to return correct results, which will not be the case when they are called from within conditional blocks that prevent their execution on each bar. The syntax is: If(double condition, double true value, double false value); This is the simplest and easiest to use. Questions: 1. i have these inputs: input longEntries = yes; The AddLabel() function has 3 arguments. 00 star(s) 1 ratings Updated Jan 10, 2021. Besides the errors cited by @halcyonguy above, here are a few more: The ToS platform does not allow for creating labels within {} script functions. Pre-evaluating those functions prior to entry in the if structure is the solution. NaN; plot LowestClose = if onExpansion then LowestAll(close) else double. For more information I am new to ThinkScript and have looked at various forums and sample scripts for if / then / else and "counters" but am missing something. I have a signal in a strategy as follows: input barexit = 2; def LongExt= LongEnt from barexit bars ago; I want to utilize SecondsFromTime and SecondsTillTime in thinkscript to write a code to place in my scanner that will only scan premarket from 4am - 9:30 am. Top 3% Rank by size . The GetYYYYMMDD() function returns the day within the multi-day chart that TOS is analyzing. The double. then look for a second gain (default 10%), # Inputs to toggle features input showPreMarket = yes; input showFirst5Min = yes; # Pre-Market High and Low def isPreMarket = SecondsFromTime(0400) >= 0 and SecondsTillTime(0930) > 0; def preMarketHigh = if isPreMarket then high else Double. They even have a reserved word: rec in order to allow for incrementing counters. but i see most of these use arrays and joshua shed some light as to why the difficulty. GREEN else if price addlabel (yes, if distance = AccumulationCondition then "Accumulation" else if distance = PushPhaseCondition then "Push Phase" else if distance = OverextendedCondition then "Overextended"); - The addlabel part is where Im having trouble with the 3 conditions, also trying to have it be when Accumulation then color. gray else color. If you do find one, I would need assistance installing The plot() function in thinkScript is the most repeatedly used function to render and display data on your chart. The long and short conditions can occur multiple times in succession. I'm sure this is a basic question but I'm just getting into ThinkScript but I can't figure out for the life of me how to get a horizontal line to plot at the previous day close. Secondly, you can use it in a conjunction with else to create more complex conditions. I have reposted the code as suggested below. positive_infinity else double. My question is: does anyone know if there is a way to give users the option to selectively hide or reveal clouds generated with the AddCloud() function? <= Day2 then double. else if (MACDH > 0 and close > sma) then GlobalColor("above") else GlobalColor("below")); https://tlc. By utilizing a loop-driven scoring system alongside volatility-based filtering, each market movement is evaluated through multiple historical lenses while accounting for current market conditions. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang if rVol > 10 then Color. ” This form is very useful as the right-hand side of the thinkScript is not an issue, I can code it. 5. NaN; This example code draws the highest and the lowest close price on the right expansion of the subgraph (see the image below). BenTen; Jan 10, 2021; Learn how to apply conditional statement in thinkScript. Your email address will not be published. The code works, but I have to add a new "else if" statement for every nth bar in the past, 300 bars would be sufficient enough, however that would mean I Example 1 def onExpansion = if IsNaN(close) then yes else no; plot HighestClose = if onExpansion then HighestAll(close) else double. grey else color. input bubble = yes Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators def modeperiod = if mode == mode. orange else #if condition3 the label should be green if condition3 then color. NaN;" because when I plot your script with this change, I get the begining of the trendlines. It does not mean IF（A and B) THEN X ELSE Y, but in fact means IF A( IF B THEN X ELSE Y). On 95%+ of candles, the value generates successfully. I am trying to create functions to use it, but without totally know the exact code used to create the function, I will not I'm looking for a code to be able to change the chart background color based on studies Im specifically looking to have my chart background color change based on the Supertrend Study on the 5 min (or other) Hi folks- just started playing with thinkscript today, and came up with a script to show the ATR, 10% of ATR & 2% of ATR, with inputs for # of periods (starting at current period price, going backwards) and the type of average (Simple, Exponential, Weighted, Wilders Here's what I tried and Thinkscript doesn't like it: def LastBullSignal = if RSI crosses above OverSold then GetYYYYMMDD() else LastBullSignal[1]; def LastBearSignal = if RSI crosses below OverBought then GetYYYYMMDD() else LastBearSignal[1]; def RSIBullish = LastBullSignal > LastBearSignal; def RSIBearish = LastBearSignal > LastBullSignal; I still go through the entire Learning Center looking for ways to improve my Thinkscript coding skills but other times I just stumble across them while looking for something else Upvote 0 Downvote. set a var to a condition, true/false def cond = ( your condition formula ) # 2. NaN; #FIVE MINUTE LINES def FivemintargetPeriod = SecondsFromTime(startTime) >= 0 and SecondsTillTime(FiveminendTime) > 0; def Options carry a high level of risk and are not suitable for all investors. The plots work fairly well. The following test case can be used to reproduce this severe bug / defect. I think i need to find a way to hold a variable for reuse but don't know how on thinkscript input I'm a seasoned Developer trying to work with ThinkScript for the first time. g. Our forum can be intimidating, if not overwhelming. See the if reserved word article. AddLabel(yes, if cond >= 3 then "Label 1" else if cond >=2 then "Label 2" else if cond == 2 or cond == 0 then "Label 3" else "No Cond I have a script that plots price lines based on some calculations, however I am currently defining variables based on inputs. agg then agg else GetAggregationPeriod(); def NetChgAvg = MovingAverage(averageType, Fundamental(price, period = modeperiod) - Fundamental(price, The AddCloud function in thinkScript lets you connect two plots and fill them with a translucent background color. else 4; Share Add a Comment. 501 then We are experiencing issues connecting to our payments provider. I am looking to have the lines extend all the way to the end of the chart and then have the lines stop or go dashed when a candle closes through (not on wicks) preferably a toggle if possible. def orbtime = if secondsfromTime(daystart) >= 0 and secondstillTime(orbend) > 0 then 1 else 0; def daytime = if secondsfromTime(daystart) >= 0 and Hi guy, Hoping someone can help me out. I am writing to inquire if it is Options carry a high level of risk and are not suitable for all investors. If the test of A fails, then he whole of the inner if-else will be ignored. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download { mToday = Round ( Total / FromOpen, 0); } else { mToday = 0; } Last edited: Jun 30, 2021. Simple and straightforward. DARK_GRAY else This happens the most and so it is the First IF / THEN 2) Candle changes from Previous Red Candle to Current Green Candle 3) Candle changes from Previous Green Candle to Current Red Candle Here is the Script I am having a Problem with: row1. The ToS platform does not allow for creating label color within {} script functions. Top. NaN;" Or should it be written as "plot down = if LL then low else double. See the Pine User Manual on the subject, and a perhaps easier to understand article I am new to ThinkScript, can someone give me some starter code on how I might lookback over a period of days, say 15, 50, 30, and find a 3 bar pattern , first a high bar, and next after it a second bar with a lower high following right after it a third bar where the high is higher than the second but lower than the first. May get you where you want to be. thinkScript Code #skynetgen #atr with stdev declare lower; input length = 14; input averageType = AverageType. Additionally I also had issue trying to change font colors (original script was back ground only). you have failed to post the code you are working with, we can not help you any further as we dont know what code you are looking at. If none of the conditions apply the label should not display. light_green, Push phase is I want to create a ThinkScript that can color the background of the whole chart under a particular current condition. red else if AbsValue(data) >= 10000 then color. Log in Register. nan Does anyone know if the EntryPrice() function works with lower Floating P&L study's that reference a custom strategy? I'm working on a custom Floating PL to allow for more comprehensive backtesting of strategies. Use one of the AggregationPeriod constants. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. I would like to create this from volume candles that break out of the moving average. Covering popular subjects like HTML, CSS, JavaScript, Python, SQL, Java, and many, many more. All three forms require an else branch as well. Cribbage Member. First of all, let’s discuss usage As a reserved word, if is used in if-expressions and if-statements to specify a conditional operator with then and else branches. Leave a Reply Cancel reply. GREEN else if ColoredCandlesOn and (priceColor == -1) then Color. I find it pretty darn accurate at catching the beginning of a move. I need something like what's posted in the attached image. I moved the code to a single input startTime = 0930; input FiveminendTime = 0935; input FifteenminendTime = 0945; input DisplayTime = {default Day, Everyday}; input ShowChartBubbles = YES; def bar = BarNumber(); def nan = Double. Here is my code, but it's not working. cyan, color Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download xOpen ) <= 0 and ( xClose[1] - xOpen[1] ) >= 0 then yes else no; #--- DISPLAY INFORMATION ---#Long #def BuySignal = (LongEMA and BullishChange) or (LBEma and The thinkscript if function fails to branch as expected in an important case. Given the example code provided, I see no reason to avoid the nested method, nor do I see how any alternative method could be an improvement. VIP . assignvaluecolor( if volume > volume[1] and close > open then color. DAY Stack Overflow for Teams Where developers & technologists share private knowledge with coworkers; Advertising & Talent Reach devs & technologists worldwide about your product, service or employer brand; OverflowAI GenAI features for Teams; OverflowAPI Train & fine-tune LLMs; Labs The future of collective knowledge sharing; About the company This indicator (most people called it MACD BB) plots MACD along with the Bollinger Bands as a lower study on your ThinkorSwim chart. SetHiding It's basically just a wrapper for if x > y then x else y, and if thinkscript couldn't handle code that simple, we'd all be screwed. Nan; so that when the histogram THE BIGGEST VIP DEAL EVER: Take $60 off VIP Membership with code VIP60 Claim Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Thinkscript -requires- an else with all if statements. How do I handle double conditionality of if-then statement in thinkscript? Just like many other programming languages, thinkScript® offers users the standard if-then-else scheme, however, there are several ways to employ it in script. LIME else if rVol > 1 Author states: The Dynamic Sentiment RSI [UAlgo] is a technical analysis tool that combines the classic RSI (Relative Strength Index) concept with dynamic sentiment analysis, offering traders enhanced insights into market conditions. This reserved word is used to specify an alternative action when the condition specified with if-expression or if-statement is not satisfied. white else color. Changing thinkscript; or ask your own question. LIGHT_GRAY); Thinkscript: How to assign value to a variable . Already google this and looked up examples in the thinkorswim Learning Center. New. nan; so that you reference the previous bar state (condition[1]) as True and the current bar as a NaN. "UpperBand" ; def BBlower = reference BollingerBands(). In ThinkorSwim, the if-then statement allows for advanced If I want to say the following: if A=true AND B=true then X else Y. Here is a quick snippet that let you do just that. I've tried searching here and other places, but I can't seem to find a way to do what I'm looking for, so it may not be possible. SetDefaultColor(COLOR. AddLabel(yes, if close > open then if close > Average(close, 20) then "Uptrend Green" else "Downtrend Green" else if close > Average(close, 20) then "Uptrend RED" else "Downtrend RED"); That line of code creates an label that displays text based on four conditions. nan; EMA20. An if-then condition statement is employed when you want an indicator to act differently in specific situations. Ideally, this would be setup as a lower indicator so that it can be used with any strategy (upper indicator). daily then 1 else if type == type. # creates custom watch list column that says "bullish" in green when both price > 50sma AND 50sma > 200sma # or that says "bearish" in red when both price < 50sma AND 50sma < 200sma # note the two risky or uncertain times are currently blank cells, both critera have been defined so that risky50over200 and risky200over50 could be used to create labels Does anyone have a script that can show the number of traders the stock has on the day? For example, when it's 11:30 am, I want to see the number of trades it's traded so far on the day like I see the volume. When I try to create a counter and increment it in an if-else statement the thinkscript compiler throws confusing errors which tell me it's not allowed, yet I've seen this done in several examples. green else if volume > volume[1] and close <= open then color. Sample -> AddLabel(yes, if UpSignal[1] then "BUY BUY BUY" else if <NEW CONDITION> then “NO SIGNAL” else "NO SIGNAL", Color. YELLOW); Now this will display the plot only when price is at here is a new study look for a small % gain then a larger gain this will look for,. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators then 1 else 0; def dayend = if GetDay() != GetDay()[-1] then 1 else 0; input type = { default daily , all , both }; def type2 = if type == type. nan; plot cond2 = if Hi, I am using a script which displays a number of labels on an indicator line using addchart, see pseudo code below. For your specific example, negating the condition may also help. Using SetPaintingStrategy in thinkScript, the plot can be changed from a line to an arrow seamlessly. I added color coding to make it easier for me to see when the ADX trend strength is getting stronger or weaker. 501 then color. dark_green else if volume < volume def sell = if condition[1] and condition == double. Pricing. 00 star(s) 3 ratings In thinkscript charts and scans, any script gets executed many times once for each bar. Maybe you can help with this. I’m aware we will have to make another condition and add to label statement. Jun 21, 2021 else if close > close[1] and PerMove<9. else if NextEarnings > 5 then color. current ) else (if buy == 1 then color. (bolding and italics mine) else Syntax. Here is how you can add a text label to your chart in ThinkorSwim. GREEN else if rsiDN then Color. CODE: #// Indicator For TOS #// First off: You can use return in PHP, just as you do in Lua. NaN while isNaN(V) do GetValue(Volume,Index); # or you could just do #Def Result = AvgVol > Vol # I am just curious if there are any open source thinkscript for tape reading / analysis. The standard description is long and not very. If you copy this structure to PHP, and create functions for the different parts of the logic, then you will be able to (and should) use the return control statement to actually control application logic. "Supporting documentation for any claims or statistical information is available upon request. But for reasons I can't understand, on about 5% of candles no value will be generated. I was able to plot a horizontal line but has anyone been able to add a label/title/name to the line on either left side or right side, like one can do manually through the "Add Drawing" on the chart which brings pop up dialog box after clicking on Edit Properties to "Show name" and "Show Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download else gamma() * 100 * open_interest(); assignbackgroundcolor(if AbsValue(data) >= 20000 then color. Modified 3 years, 9 months ago. ( if RSI2 < RSI3 then color. I currently have the following code in a script to hide the red candles so I focus on green up candles to get me out of trades sooner: AssignPriceColor(if ColoredCandlesOn and (priceColor == 1) then Color. Example: AddLabel(if BLAH then FOO else double. Sort by: Best. close, 20) else double. . 0; input capLargeSpikes = YES; def isTickChart = if getAggregationPeriod() <= 3200 then 1 else 0; def timer = secondsTillTime(1615); def deltaT = absValue(timer I would appreciate the help with this program Im trying to make the FVG zone appear and disappear if they get broken, I so far got them to disappear but can find the way to make appear again. Featured on Meta Voting experiment to encourage people who rarely vote to upvote If, else if statement not working (only displays if) I have built an indicator when a candle changes trend. First, you can use it as the right side of an equation with 3 parameters: a condition, a true value and a false value. The original script comes from Mobius, and I've been fiddling with it, trying to format it so that it will color code the cells background depending on the value of # days until next ER. NaN; hide. com/center/reference/thinkScript/Constants/Color/Color else if between(close, 10, 100) then 2 else if between(close, 100, 1000) then 3 else variable1[1]; thinkScript essentially has three forms of if usage. @samer800 @BenTen @MerryDay @horserider *please see attachment * thinkScript Conditions: if, then, else statement. I just wanted to try something simple to test for and plot values of certain test variables to get my feet ***. petergluis - thanks. More posts you may like r/javahelp. Returns true value if condition is true and false value otherwise. I'm trying to learn ThinkScript, so I'm creating different systems to learn various tricks. Now, I am in Custom Quote Formula in the ThinkScript Editor trying to just do a column for VWAP, but I'm having no luck. I was wondering if someone could point me in the right direction. r/javahelp. If LINE crosses above 0 and (When) LINE > 1 then 0 else Double. Assignment); Greetings all! I hope q1 has gone to your liking- I am attempting to work on Better entries and A concept I am trying to vizualize via study is the High and Low of week Candle ( and previous week). There are two ways to use the function. The first allows for an "if . AddChartBubble in thinkScript can replace your boring up and down arrow signals with chart bubbles filled with custom text and color. Offsetting the switch statement and removing mid-statement comments yielded no changes. NaN, BBupper, color. Example If the current symbol is AMD, define Price1 as 50 and Price2 as 20. The software is currently being transferred from TD Ameritrade to Charles Schwab. YeLLOW); However, if you know your way around thinkscript, you can create a custom study that calculates RSI identically and adds a label to your plot instead of an actual graph. I've been learning everything I can about scripting, and this site seemed like a great resource. Certain requirements must be met to trade options through Schwab. LIGHT_GREEN else if rVol > 2 then Color. all I can code 1/2way decent in thinkscript, but, what I don't know how to do, is get reference to individual candles. DARK_GREEN else if rVol > 6 then Color. Hide() is used in this case because desired display is the label and not the numberic ThinkScript: Watchlist Column "Next ER" Color Coding . As the conditions are quite extensive I rather not use all the conditions over again in the (first) time condition, but rather at the end of the color assignment if-then-else exit use something like a . For instance, for XLE I would like to change the description to Energy rather I thought I'd share a few more ThinkScript indicators for ThinkOrSwim that I've written. HORIZONTAL); valleyline. Is it possible to do a switch statement or a IF NOT or AND NOT condition? I'm trying to display one of three different labels base on if the current price is below the entry price by 3% or 5% or 7%, but I do not want to display all three labels, as when the price is 7% down it is also 5% and 3% down. However, when you use it in Lua it's within a custom function. def a = if condition_1 > 0 then 1 else 0; def b = if condition_2 > 0 then 1 else 0; def c = if condition_3 > 0 then 1 else 0; plot buy = if a + b + c == 3 then LOW else double. nan, "Label Content" , color. Using if-else statement in bash. your # 4 and 7 are scripts i was trying to work on. Really need RVOL to be able to execute my trading plan. NaN; def preMarketLow = if isPreMarket then low else Double. Would appreciate your help with this What I would like to achieve: Enter a call/put position when a specific price condition is met on the underlying stock Create a OCO when position is opened If market price of contract is -10% of entry price, close the position If market price of contract is #Calculation TimeFrame def aggregationperiod = AggregationPeriod. Sort by date Sort by votes MerryDay Administrative. WILDERS; input avglength=20; def tr = TrueRange(high, close, low); plot ATR = MovingAverage(averageType, tr, length) #def allows you to teach ThinkScript new "words" to save time and typing by using your new "words" later in the code def bn = BarNumber(); def na = Double. when cond is true, save the barnumber to a variable. However, I wanted to ask for assistance with converting it to a chart label. where: Parts enclosed in square brackets ([]) can appear zero or one time, and those enclosed in curly braces ({}) can appear zero or more times. 1. SetDefaultColor(Color. RED else Color. NaN function in thinkScript code can be used to prevent a line, signal, or bubble from being displayed. 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. The candle color and the position of the close above or below the moving average. Quite right and correct. So typically from what I have seen you can add a cloud with something like this; . Please read the options disclosure document titled "Characteristics and Risks of Standardized Options. def EntryPrice = EntryPrice(); def HH =if entry then The only thinkscript I can find with respect to these 4 trends is when the color is being defined. The usage is fairly simple and up for interpretation. Invalid statement: if at 80:1 if LowHighLHCP >= 5 then AddChartBubble( LowHighLHCP, high, "5"); tips and examples are on the page i linked you to, if you cant understand them then you will have to post the code you are working with, many members trying to assist you have repeatedly mentioned this to you already. Description. Open comment sort options. You can use it to identify short term I'm new to thinkscript. yellow else if AbsValue(data Hello. Just learning coding in TOS. SetPaintingStrategy(PaintingStrategy. NaN; (if NextEarnings then findYear else na); #plot tells ThinkScript what data you want displayed. Otherwise/else, if the close is not greater than the open, then plot the open. Hard to tell just looking at text not in a code block. VIOLET else if rVol > 8 then Color. How to Round Up or Round Down in thinkScript. DIVIDEND, 0)); def NextDividend = if isNaN(LastDividendBar) then 0 else LastDividendBar; AddLabel(NextDividend == DaysTillXdiv, "Dividend More than 30 Chris's Enhanced Volume For ThinkOrSwim Buy / Sell Volume Pressure Percentages Buyers and Sellers is not information available in the data feeds. NaN; UpSignal. a percent gain (default 3%),. See the thinkScript reference for the list of available constants" I'm guessing its not able to read 512 ticks as ticks aren't My first attempt at thinkscript but it seems to work. current); View full post. In this post, we will be going over the usage of SetPaintingStrategy, how to apply it in thinkScript, and how to combine it with the PaintingStrategy constant. Usage plot Data = if condition then value else double. First, you can use it as the right side of an equation with 3 parameters: a condition, a thinkScript essentially has three forms of if usage. The script has as as the single criterion that the tested variable holds its value and is not changed by something else. I've been scouring the internet for an RVOL (Relative Volume) indicator for Thinkorswim but can't find a free one. The following code is a collection of different codes Author Message: SuperTrend Volume [BigBeluga] is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity. (yes, if price>shared_vwap_1 then "+1" else if price=shared_vwap_1 within last 5 bars then "0" else if price<shared_vwap_1 then "-1" else ""); AssignBackgroundColor(if price>shared_vwap_1 then color. How does one round a thinkScript value? Resource icon. BLACK); input ShowTodayOnly = yes; def Today = if GetDay() == GetLastDay() then 1 else 0; input entryType = {default wickTouch, closeAbove}; input def Length = 5; def Vol = if !Volume then No else Volume; def NoVolLength = Length - sum(!Vol,Length); def AvgVol = if !NoVolLength then 0 else sum(Vol,Length) / NoVolLength; def Result = AvgVol > Fold Index = 0 to Length With V = Double. It includes lookback period so that you can set to X amount of Thinkscript help - show / hide AddLabel . : AddLabel(yes, “RSI = ” + price, if price 50 then color. In fact, the template that you start with when creating a new custom ThinkorSwim indicator begins with plot Hi guys, I am wondering what is the actual code for internal function isAscending() and isDescending(). In other words, if a plot's condition is no longer true, the plot stops displaying on your chart. Example 1 def onExpansion = if IsNaN(close) then yes else no; plot HighestClose = if onExpansion then HighestAll(close) else double. I think in the question and in some of the answers there is a bit of confusion about the meaning of this pseudocode in DOS: IF A IF B X ELSE Y. The first is a modification to the standard ADX/DMI indicator. Are you interpreting this as "the green spike means to sell?" = 14; input capMultiplier = 5. green else Color. Last edited: Nov 2 (fastLength, slowLength, MACDLength, averageType). NaN; plot DownSignal = if Diff crosses below 0 then 0 else Double. You may have noticed that you don’t get any output when you run the root. I've been experimenting with making a strategy using indicators. Chart label will change color/text depending on whether shape1 or shape2 logic is true. Create a zone once the candle is closed. Resource icon. DAY; #Chart Normalized Relative Strength Rating on Last Bar def isLastBar = BarNumber() == HighestAll(if !IsNaN(close) then BarNumber() else Double. nan; it's also cleaner when debugging to separate the Returns true value if condition is true and false value otherwise. I am ultimately trying to code MAE and MFE of a strategy (most recent trade) or even a lower study that tells me the number. Sort by date Sort by votes halcyonguy Moderator - Expert. it was more about learning than the indicator itself. GREEN else if rVol > 4 then Color. useful. "Value"; def Bullish = if s is greater than s from 1 bar ago and s2 is greater than s2 from 1 bar ago then yes else no; def Bearish = if s is less than s from 1 bar ago and s2 is less than s2 from 1 bar ago then yes else no; def Neutral1 = if s is less than s from 1 bar ago and s2 is greater than s2 from 1 ps: on wishful thinking mode, since a table with some info is part of the original indicator, I would add to it some additional info, such as an initial date as well as the average gain/loss ($) for both, bullish and bearish trades, The BXTrender was previously converted for TOS. magenta); # extend the current valley line to the right edge of def bn = BarNumber(); def cond = if close crosses above Average(close, 9) then bn else cond[1]; # this finds the highest barnumber , from a set of bars that have cond def last_cond_bn = HighestAll(cond); # read data from that bar, for example the high def last_cond_hi = GetValue(high, (bn - last_cond_bn)); AddLabel(1, last_cond_bn + " " + last_cond_hi, AddLabel(1, "RSI: "+ RSI + " ", if rsiUP then Color. yellow else if close < close[1] and PerMove<9. I think I should be using the if/then statement, but don't know how to write the code correctly. W3Schools offers free online tutorials, references and exercises in all the major languages of the web. If the current @rad14733 & @halconguy thanks for the replies. Please check your internet connection. ELSE, but then you started a second condition and only included the IF This indicator for ThinkorSwim will automatically plot overnight High and Low on your chart. I have a study where I look for a long and a short condition to be met. Lifetime . In this case, it's with MACD. Any performance hit you might be experiencing is very likely elsewhere def valleyValue = if BarNumber() < magnitude then Double. An example is: Plot Maximum1 = If(close > open, close, open); This reads as “If the close is greater than the open, then plot the close. For some reason it doesn't want to work. the 3 different ways I've playing around with it are detonated between the #---OR---- sections. The largest and most active community of investors and traders who use thinkorswim's thinkScript indicators and other custom programming languages to chart, trade, and make money in the stock market. Best. I am having a bit of trouble, however. NaN; plot PreMarketHighLine = if Ive successfully made 4 different variations of this code but this forum is what I wanted, Where its green and says"Money Flow $+xyz" or is red and says "Money Flow $-xyz" the other forums all didn't include the + or - but I wanted to take it a step farther and am now stuck]. # referencing the 1st post, numbered items # 1. green else if RSI2 > RSI3 then color. When we look at the movement of price in comparison to volume, it is Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download (atr[1]) stop_direction := DIRECTION_UP else if st_stop[1] == upper_band1 stop_direction := close[1] > upper_band1 ? DIRECTION_DN : DIRECTION_UP else I would like to customize the description column in an ETF watchlist to better describe the ETF. def lastbar = HighestAll(if !IsNaN(close) then bn else na); input look_back_bars = 65; # is the current bar within the lookback quantity of Would it be possible to take the code below that I have on the options chain and build a lower study that would show the change in gamma for the highlighted Strikes for 0DTE? Hey guys. nan then 1 else double. Does anyone know how to a create volume zone based on the volume when it breaks out of moving average. If anyone uses EMA crossover as a way to identify trend or point of entry/exit, knowing when there is a moving average crossover on your watchlist column can certainly be helpful. In addition, the indicator will also include Fibonacci retracement based on the highest and lowest values from pre-market. thinkorswim. an if doesn't need I am trying to write up a trailing value that only adjusts to a new value when a condition is met in ThinkScript. "LowerBand" ; AddCloud(if close>=close[1] then BBlower else double. AssignValueColor(if Diff >= 0 then if h3 should end the formula with 2 else's else color. Q&A thinkscript is the programming language Reply reply More replies. YELLOW); The author states: The foundation of this indicator rests on its zero-lag implementation and dynamic trend assessment. Commented Feb 3, 2014 at 13:32. wqd ihhjotk ynuuei dnip vvsz jloqft aazg ryoe byokagt yfu