Even the label coding is neat. Also the decimal places can be gotten by using the Round() function as shown above in the 'AsDollars' example. crossup.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP); "Advance/Decline Line (Daily)" then "Advance/Decline Line (Daily)" not plotted). also takes this opportunity to define the usage of CompoundValue to initialize : plot Vol = volume; Commerce Township Departments Direct Phone Number: Supervisor: 248-960-7070: Clerk: 248-960-7020: Treasurer: 248-960-7040: Planning: 248-960-7050: Ordinance Officer to +100, or whatever you want. In order to add the regression channel to chart, choose it from the Active Tool menu. 3 years as of this writing, I am not sure if something happened to StanL or what. Is the same as the LinearRegCh100 except that the upper and lower lines ar at 50% of the of the data difference from the centerline in lieu of 100%. else "LUNCH TIME",if MarketOpenthen color.GREEN else color.BLUE); #Squeeze Exit / MACD Scan The reverse is also true when desired arrows do not exist because a condition is not being triggered. Defines the price with which the standard deviation and distance are calculated. This feature is worthy of explanation/clarification: If you use a study on say 15 different charts. Note that the LinearRegCh100 color cannot be changed because it is a built-in study and its code is non-editable. Also, this version allows the user to select the number of bars for the linear regression plot in lieu of the previous two studies that use the entire chart (all bars). plot CloseLine = HighestAll( previousClose ); On an intraday chart the IV will show N/A and the HV will be annual HV. crossdown.setLineWeight(3); Trading privileges subject to review and approval. When developing a strategy or adding buy/sell arrows to a chart, it is normal to have many conditions that you are considering. Occasionally this color is hard to read if it is close to your screens background color. So the percentages shown are a sectors percent above or below the SPX value. Note: this action will not recalculate the whole channel, but just extend the existing lines. Script show), input price = close;#hint price:Select the price of choice It is easy to see that the result will eventually reach infinity for a normal sized chart. Comment:The three following comparison studies herein that are different as clarified below: "COMPARISON OF ALL SECTORS OF THE S&P 500 (SPX)" plots all sectors of the S&P 500 (SPX) as absolute percent change all starting at 0 percent. The first letter indicates the category of the subject. BollingerBandsSMA(). To define and name a color for use in multiple plots do as follows: Note that UPTICK and DOWNTICK are TOS predefined color constants. useThinkScript Community Here is a tricky way to do it. Comment: Above plots a horizontal line at a value of 1 (true)for 90 days. 'Pre-defined' and 'built-in' are synonymous when referring to studies that are provided by TOS within the program. the liberty to include TOS-platform-features that are not only script snippets but Access to real-time market data is conditioned on acceptance of the exchange agreements. Our forum can be intimidating, if not overwhelming. def barnumber = BarNumber(); NOW/B4 is the "RATIO", In words, final value divided by the original value; minus one; times 100. - Reference the vwap study like .plot MyVWAP1 = reference VWAP; Futures, futures options, and forex trading services provided by Charles Schwab Futures & Forex LLC. to keep track of what agg you are currently using. ThinkLog is accessed via the 'Tools/ThinkLog' tab and is a ready reference place where you could refresh you memory on the implementation details of the 9/30 strategys particulars. Click the underlined Page ? declines / advances, 2)) + ":1 Ratio"); AddLabel(yes, "Showing is the " + (if type == type. This 'with ' is the value that will be added to when you see code like 'do nice + idx3'. Try different 'find' entries if you are not successful. The variables being processed, i.e. settings (the agg dropdown). plot scan; The fold function is used to define the value for a named variable i.e. Arrow.SetLineWeight(5); Orders placed by other means will have additional transaction costs. If you want to find something, enter what you want into the 'find' tool of the PDF reader and it will navigate you to the possible matches. Set agg = day. You dont see this often because doing it is very time consuming and coders are more forcused on results in lieu of explanations. crossdown.setDefaultColor(color.light_red); 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. ( exclamation mark called "bang" ) is a logical NOT perator. Immediately after the semi-colon on the inputs line (preferred location), place #hint : (the desired text you want displayed when the bubble is clicked) . else if exchange == exchange.AMEX then "AMEX" Using the examples guides you re what parameters are applicable and how you may change them to suit your desires. The emphasis herein is for learning TOS and ThinkScript from the ground up. LRC (Linear Regression Channel) Easily Detect Entry and Exit Signals as Price Moves Within the Channel x Stealth Traders - LRC (Linear Regression Channel) Indicator Watch on x Linear regression is a mathematical and statistical model for determining the trend of data points and predicting future data points. For more information, please see our 10 loops are executed and each loop is multiplied by the value of the previous loop. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. Linear Regression indicator For ThinkOrSwim - YouTube 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). This tip is to use TOS 'ThinkLog' to store those rules for easy reference. For an example, let us create an exponential moving average on our BTC data: That agg can be changed to say '4 days'. Here is another example of multiple coloring in a label: In scans, conditional orders, and custom quotes there is only one bar, the latest or current bar. Studies may have a single plot or multiple plots: ' StochasticSlow' has four plots named SlowK, SlowD, OverBought and OverSold. Another plot cannot use the name 'normal' without redefining it. plot MA200= MovAvg200; If the is at 0 and the is at 5, then the calculation will repeat 5 times. TOS-and-Thinkscript-Snippet-Collection. The syntax is: If(double condition, double true value, double false value); This is the simplest and easiest to use. ?-DAY and a ?? Solution: Heres a study for you. declines = close("$DECN/Q"); Below is a picture of the setup. else if price == ohlc4 then "The price-variable selected is ohlc4 = " + Round(ohlc4,2) The above is a study named Bar_Number_Plot_Interval.txt available at http://mytrade.com/StanL. If each item in the enums list i.e. Also configure the chart to synchronize the cursor across all grid charts via Chart settings/general tab/Synchronize crosshair position. Renaming a study will automatically change the study to the new name on each of the 15 charts. You must log in or register to reply here. Set agg = day. try to create a trendline along up and downs of this reg trend line and i see some interesting patterns. Or it may be a more complicated fold such as: fold i = 0 to 100 with price = Double.NaN while !IsNaN(price) do if getValue(high, -i) > 40 then getValue(high, -i) else Double.NaN; This finds the next high price value greater than 40 among the following 100 bars and terminates looping if price is no longer a number. Trailing Stop By Jesse on the Mr. 1600. def Past_Mkt_Start = IfSecondsTillTime(Mkt_Start) > 0), 0, 1); def Past_Mkt_End = If((SecondsTillTime(Mkt_End) > 0), 0, 1); def MktIsOpen = If(Past_Mkt_Start and !Past_Mkt_End, 1, 0); def day = GetDay(); def lastDay = GetLastDay(); def Today = If(day == lastDay, 1, 0); def Show = If(IntraDay and Today, 1, If(!IntraDay, 1, 0; Using the '+' symbol is much easier to master and is recommended. ThinkScripts linear regression function is titled 'Inertia'. Assuming that 20,131,107 was returned it can be formatted into a normal view as follows: AddLabel(yes,"Converted getYyyyMmDd() = " + getMonth() + "/" + getDayOfMonth(getYyyyMmDd()) + "/" + AsPrice(getYear()) ,color.pink); Returns the number of days from the specified date in YYYYMMDD format. Delete the selected item and move it to the Recycle Bin, Delete the selected item without moving it to the Recycle Bin first, Move the cursor to the beginning of the next word, Move the cursor to the beginning of the previous word, Move the cursor to the beginning of the next paragraph, Move the cursor to the beginning of the previous paragraph, Select more than one item in a window or on the desktop, or select text within adocument, Select multiple individual items in a window or on the desktop, Open the next menu to the right, or open a submenu, Open the next menu to the left, or close a submenu, There may be other hotkeys of interest to you at Go Here, The free 'Notepad++' is an excellent editor made specifically for coding: http://notepad-plus-plus.org/, Custom columns run in "TOS real-time". The code is written so that it takes profit after a .2% increase from entry, for scalps. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. The defaults parameters are price = close, length1 = 15, length2 = 30. Using the chart settings directly is the enum value. Deviation levels. - useThinkScript Community def a = barnumber - data; Plot Arrow = If TimeTest then close else double.nan; Since it is in brackets, it is optional if there is a with . Comment2: This plot follows a trend very well. Basically a swing high is the highest high looking a few bars back and a few bars forward. input time = 1000;#hint time:Time to place the arrow at. Defines which of the extra lines should be visible. Set this property to "No" in order to hide the regression channel. This can be done by setting up a grid of 4 components, as an example. This allows 'smlCount' to rise to 1000 and then it limits smlCount toa value of 1000. plot Test = fold i = 0 to 4 with x = 1 do x + i; What is the value of test? there is a study here for TOS a polynomial regression line on useThinkScript https://usethinkscript.com/threads/polynomial-regression-channel-prc.1491/#post-77701 if anybody knows how to expand this into second third and quartic that would be awesome. def _volAvg = Average( volume, length ); So is there something built in? def HighestHigh = If(price > HighestHigh[1] and MktIsOpen, price, If(MktIsOpen and !Bar1, HighestHigh[1], price)); If the close equals the open then plot the (low + high)/2 . 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. 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. While doing this you can observe which plot is ORH because it disappears. Join useThinkScript to post your question to a community of 21,000+ developers and traders. Examples will help explain: Using the '' symbol . Plot scan = reference MypriceTrend(Price = hlc3, length = 7, choice = "increased"); Note that 'hlc3' may be any parameter such as open, hugh, low, hl2, volume, etc. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. AddLabel(yes, "Arrow is at time = " + AsPrice(time) +" of each day" ,color.white); #hint: MovingAverage Crossover - Once Per Chart\nThis study shows arrows when the price crosses the moving average. The following code will plot the close for 90 days. Dynamic scans are particularly vulnerable and will become ineffective if a custom referenced study is renamed. If it is omitted, then the default value of 0 is used. Functions that take a look back value or length, such as average( data, length ), highest( data, length ), etc. declare lower; input length = 30;#hint length:the number of trading days-ago for the change : where ???? 2022 Charles Schwab & Co., Inc. All rights reserved. This defines how many times the fold calculation loops on each bar. def = fold = to [ with [ = ] ] [ while ] do ; Each component of the fold function will be explained separately. Comment: This code received a lot of attention and discussion on TastyTrades 'Game Changers'. An example is -- #hint: Plots a trend line between the two input dates. The default parameters are. It likely is 'day' but doesnt have to be. No one can ever exhaust every resource provided on our site. Polynomial Regression Channel - Fun with ThinkScript The if-expression will have only one semi-colon that will terminate the entire expression, regardless of the complexity. Our forum can be intimidating, if not overwhelming. When the DMIplus is greater than the DMIminus the ADX is 'Bullish' or vice versa is def barNum = if IsNaN( close ) then Double.NaN else BarNumber(); A example would look like. 'Bearish'. The tags listed under 'TAGS and their PURPOSE:' may be used to format the ????????. The PDF format was selected, with extra features, like the hyperlinked Table-of-Contents, to make subjects easily found. else if price == open then "open" Plot SAR_Bull = ParabolicSARCrossover(crossingType = "Bullish").signal; PriceAverageCrossover: The Price Average Crossover scans for crossovers of price with its moving average. An example is: def SlowK = StochasticSlow( KPeriod = 10, DPeriod = 10, priceH = High, smoothingType = "SMA" ); Any parameter not listed herein takes on its default value. Will be interesting to watch not sure however how to develop the system on reg trendline trendline pattern even if it holds true . def highestBar = HighestAll( barNum ); 0 to 100%, -1 to +1, -100 MA200.SetDefaultColor(Color.DARK_ORANGE); Conditional coloring can also be had with the addition of if.then..else statements. You create a new study for each condition so it will be plotted or you may combine condition plots in a study if you are able to identify one condition from another by colors or type of plot. GetDayOfMonth(int yyyyMmDd);#Returns number of the day in the month. "Span B"). You are using an out of date browser. This is the abridged version using a simple moving average for the nine price choices. The first value is getValue(price,n) or price[0] . RSIWilderCrossover: The RSI Wilder Crossover scans for an overbought-oversold indicator of specified levels. Also this form can be used with else to create more complex conditions. Rather than define a variable, the fold may be plotted directly i.e. REMEMBER THAT DATE/TIME FUNCTIONS RELATE TO A BAR ON A CHART. Below you see 5 conditions and plots showing when each condition is true or false ( 1 or 0). For example, you may want this to show based on 2 weeks in lieu of 3 weeks. When it turns green you are in the safe zone. else if price == hl2 then "hl2" def Bar1 = If (day[1] != day, day - 1, 0); linear regression of the ProjectionBands study. Suggest: To get a meaningful scan use: 1) fundamental filter: close >=10, and 2) study filter: VolumeAvg(50) >= 500000. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. Building Applications. 2023-04-25 / channel_cylinder_2d Specifying no parameters will use all the default values. AD.DefineColor("Up", Color.UPTICK); this recursive variable. Automatically identifies the most popular harmonic patterns. There are two modes for setting the 0% location: The first bar of the chart is set to 0% as the default. Wouldnt it be nice to move thru the list looking at a chart for any stock that you want. then. "Positive to Negative").signal; MoneyFlowIndexCrossover: Scans for the Money Flow Index crossing the specified level. A distance of +/- 2 SD from the average will include 95% of the 100 datapoints(0.95 X 100 = 95). For example, if you want to count the number of days that have risen 1%, you would substitute the term 'close > open' with '(close/close[1] > 1.01) '. else if exchange == exchange.NASDAQ then "NASDAQ" Likewise for 'Bell curve'. The end-time markers may seem redundant and they are if you do not 'Show Extended Session' or 'Expansion Area' for stocks. The code is presented here so you may change it to your liking. Price. For value1 = 85 and value2 = 38 then: 85 /38 = 2.24; 2.24 X 100 = 224%. AddLabel(yes, if price == close then "The price-variable selected is close = " + Round(close,2) The function is not easy to use but understanding the purpose of the components will help you to feel comfortable with it. input percent = 20;#hint percent: Enter the percent increse/decrease The study by default only shows the latest crossing to free up screen space for more awesome studies.\n Enjoy - Jesse (author on the Mr. For a better experience, please enable JavaScript in your browser before proceeding. Additionally they have CPU performance limits (which is on their servers where all scripts run), so if your script has too much "stuff" in it and is pre-analyzed to take more execution time than is allowed you get the dreaded "too complex error.". That is, that a data distribution with a 1 standard deviation (SD) contains 68% of all data. Bar-number data and counting can be very useful when debugging code. The solution is to pare the script down to its essence and apply some good ole brain power to the data. Includes a scanner to find patterns that are setting up. No other changes, except that I added Bitcoin to the test group. The wizard, short for 'Condition Wizard', is a valuable and beneficial tool. declines = close("$DECN"); "UpperBand"[1] is less than KeltnerChannels(). or 15 -10 = 5 = change difference; 5/10 = 0.5; 0.5 X 100 = 50% increase. Hence, this section will be as thorough as possible with many examples to illustrate their usage. USAGE Following the indicator is simple enough. def count = if crossingdown or crossingup then barnumber else 0; plot onceperchartup = if MostRecentOnly and crossingUP and count == highestall(count) then low else double.nan; plot onceperchartdown = if MostRecentOnly and crossingdown and count == highestall(count) then high else double.nan; onceperchartdown.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down); It would be OK to set it a little higher than you know is needed. advnDecl = advances - declines; Left extension. switch (choice) { plot factorial = fold index = 1 to n + 1 with Var = 1 do Var * index; Calculates the factorial of a number. Some examples are below. Thanks to everyone here i was able to create a strategy i use into a tos strategy to backtest. 35% means it is now at 35% of todays that are non-receptive to comparison, you can normalize each of the two (or more) Another method has been used that plots a value and assigns an arrow to it with 'SetPaintingStrategy'. By the way, you can identify a recursive variable definition when the variable itself, in this case 'count', also appears on right side of the equal sign/equation like, in this case, 'count[1]'. else if price == open then "open" def dayOpen = if firstBar then high else dayOpen[1]; plot x = dayOpen; The defaults are accelerationFactor = 0.02, accelerationLimit = 0.2. plot VolAlert = if volTest then volume * 1.30 else Double.NaN; Visit the site, If aggregation is 'week' then 'agg-bars ago' is 2 weeks ago. concept applies to all aggs. I constantly look d.setLineWeight(2); When I say "long" I mean like half a day for day trading". The do may be of numerous types. Trading Standard Deviation Channels - Incredible Charts B- = Basic platform or coding subjects, fundamental principles, fundamental examples and how-to-dos, C- = Coding of studies, strategies, snippets, et al that accomplish a purpose/result, T- = A Tip or Trick on how you might use TOS or TS to accomplish a specific useful purpose, ?- = In the subjects heading, ? advnDecl = advances / (advances + declines); Before I make any adjustments to the code, I also wanted to look at some different settings. This is useful when assessing price changes and comparisons. Revenue Optimization Analyst Job Acme Michigan USA,Business add-ons, and strategies, private VIP-only forums, private . case "Advance/Decline Ratio": means that the data is variable 'inputted' data defined by the user. However, there are a number of places in TOS like Study Filters, Study Alerts, Custom Quotes, and Conditional orders that are allowed to use referenced studies. AddLabel(yes,"% Change compared to " + length + " days ago = " + Round(PctChange, 1) + "%",color.PINK); Alternate = current close as percent of the last-52-week-range. Learning Center - Inertia - Thinkorswim 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. Inertia ( IDataHolder data, int length); Description. There are no limits to the number of conditional statements but they follow the format if..then.else if..then..else if..then..else. The above reads as 'scan for when the 14 period fast stochastic crosses above 80'. You may find these especially beneficial to learn and comfortably use them. What Is The Polynomial Regression Channel & How To Trade With It Giving the grid a name allows you to call it up whenever you want. As an example let 10 be the original value (B4) and 15 the final value (NOW). Comment: TOS has a column heading titled 'Strength Meter' which reads "stocks that have risen 10% in the last three weeks will have their strength meter activated. If you wanted to extend the swing check to 3 bars before and after, you would add the checks for a high > high[3] and high > high [-3]. DAYS AGO, Return 'the day-of-the-week' of the first bar of the chart, SecondsFromTime() & SecondsTillTime() & others, C-'BATTLE OF THE BANDS' RE IMPLIED VOLATILITY, C-VOLUME LABEL AS A PERCENT OF AN INPUTTED X-DAYS-AVG-VOLUME, T&C-EXAMPLES OF THE USAGE OF THE 'SUM' FUNCTION, C-HOW TO SHOW WHEN A CANDLE PATTERN EXISTS ON A CHART, C- IMP_VOLATILITY() PERCENTILE PLOT WITH LABELS, C-MINUTES-AGO SINCE A TURN-UP OF A MOVING AVERAGE, C- NORMALIZED MACD AND STOCHASTIC PLOTTED WITH A SQUEEZE INDICATION, C-ILLUSTRATION OF SAME RESULT WITH DIFFERENT CODING, C&S-FLEXIBLE 200-DAY MOVING AVERAGE PLOT AND SCAN, C-AN ALTERED 'PERCENTCHG' TO MAKE IT MORE USEFUL, C-LINEAR REGRESSION OF THE PROJECTIONBANDS STUDY, C-CLARIFICATION OF THE FOLLOWING THREE COMPARISON STUDIES, C-COMPARISON OF ALL SECTORS OF THE S&P 500 (SPX), C-PERCENTAGE PRICE OSCILLATOR (PPO) WITH COMPARISON SYMBOL, C-'Ichi_TK_Exit_Warning' --- AN EARLY ICHIMOKU T-K EXIT STUDY, C-'IchiOneGlance'--ALL MAIN ICHIMOKU CRITERIA IN DASHBOARD FORMAT, C-'Ichi_Signals'IDENTIFIES ALL MAJOR ICHIMOKU SIGNALS FOR LEARNING OR USE, WLC-PRICE-TO-EARNINGS (P/E) RATIO FOR A WATCHLIST COLUMN, WLC-WHEN A DIVERGENCE EXISTS BETWEEN PRICE AND THE MACD, S-DMI_OSCILLATOR SCAN FOR TRENDING-UP STOCKS, S-SCAN RSI UNDER 20 & CLOSE > 200-DAY SMA, S-SCAN CROSS OF STANDARD DEVIATION CHANNEL, S-NOTEWORTHY RESOURCE FOR PREDEFINED SCANS, S-NEW BULLISH CLOSE ABOVE THE ICHIMONU CLOUD, S-CROSSING ABOVE & BELOW THE ICHIMOKU CLOUD, T-A REFERENCE RECALL OF A STRATEGYS RULES (SETUP), T-USING MULTIPLE TIME FRAMES TO PLAN ENTRIES, T-WIZARD ACCESS FOR EDITING EXISTING STUDIES, T- VERTICAL LINES AT MARKET OPEN AND CLOSED TIMES, T-EASILY VIEWING CHARTS OF STOCKS IN A LIST, T-NAVIGATION VIA KEYBOARD HOTKEYS vs THE MOUSE, T-DEFINING AND APPLYING CONDITIONS IN A STUDY, http://demo.thinkorswim.com:7001/manual/metal/thinkscript/reference/Functions/Others/If.html, http://demo.thinkorswim.com:7001/manual/metal/thinkscript/reference/Reserved%20Words/if.html, https://tlc.thinkorswim.com/center/charting/thinkscript/reference/Functions/Look---Feel/GetColor.html, https://www.thinkorswim.com/tos/thinkScriptHelp.jsp?laf=dark#constants, http://en.wikipedia.org/wiki/List_of_colors:_A%E2%80%93F, http://en.wikipedia.org/wiki/X11_color_names, http://tda.thinkorswim.com/manual/metal/thinkscript/tutorials/advanced/referencing/other%20study.html, https://tlc.thinkorswim.com/center/charting/thinkscript/tutorials/Chapter-13---Past-Offset-and-Prefetch.html, http://groups.yahoo.com/neo/groups/TOS_thinkscript/info. onceperchartdown.hidetitle(); It is included here for its presentation value. "Absolute Breadth Index" then "Absolute Breadth Index" def Vol_Change =((volume / volume[1]) -1) * 100; plot Ratio_vol = Vol_Change; plot d = Doji();# If a Doji is present Doji() is true.The below lines format what to show at that location. The code for swing lows is similar. You will need to use a recursive variable for the counter. Plots the changing slope of the LinearRegCurve based on the price and length that you select. "Advance/Decline Line" then "Advance/Decline Line" Granted using this does not allow you to easily put stocks into a TOS watchlist but, nonetheless, this is very useful data. Defines where the regression channel label should be shown. onceperchartup.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP); This position will assist in multiple departments, providing an extra layer of analysis to maximize the value of each hotel. It may not display this or other websites correctly. Re the recent release & Renaming studies. Def Example1 = sum(low > Average(close, 21), 5) == 5;# Is true when the 21-bar-average-of-the-close exists (is true) for the last 5 consecutive bars.