usethinkscript regression channel

'Bearish'. Rather than define a variable, the fold may be plotted directly i.e. The distance at which the lines are plotted can be calculated using different algorithms. Visit the site, If aggregation is 'week' then 'agg-bars ago' is 2 weeks ago. Then I select 10-15 stacks and watch it on the second monitor. plot Data = close(period = agg) / close(period = agg)[3];# The phrase 'period =' is always used when referring to the variable aggregation. When evaluating equality in an 'if' statement, two equal signs must be used ('=='). Using 'NumberFormat.DOLLAR' produces the same look as using 'AsDollars'. Although this has three sections the 'ThinkScript Tutorials' are especially pertinent. Def Example 8: The following code is used to scan for stocks having future earnings. else if price == low then "The price-variable selected is low = " + Round(low,2) else "ERROR"),color.white); Trading privileges subject to review and approval. Set this property to "On" to extend the regression channel all the way to the left. Linear Regression Trading Strategy for ThinkorSwim - useThinkScript Sort by date Sort by votes Joshua Well-known member. Master List of all my indicators - Google Docs input percent = 20;#hint percent: Enter the percent increse/decrease Note: this action will not recalculate the whole channel, but just extend the existing lines. AddCloud(CurrentPrice, Lower, Color.WHITE); onceperchartup.setDefaultColor(color.light_green); 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'. 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" The numerous 'getAggregationPeriod() ==' lines are to define such a factor. Notice that the colon is placed after the input variable name (in this case Length). This function goes and gets data used in the do . Also the look-back and the look-forward lengths do not need to be the same. is the description you want displayed when the bubble is clicked. We are all grateful to them for their selfless contributions. If the close is not greater than the open and the close does not equal the open, then plot the open. 930 The following code will plot the close for 90 days. StochasticCrossover: The Stochastic Crossover for when the Stochastic Slow or Stochastic Fast crosses overbought (80%) or oversold (20%) level. Additional examples will be added as they may surface online and in the chatroom. Comment2: The examples shown above do not represent all possible combinations of the parameters available. #VolPct.SetLineWeight(1); HH_LL_Pct.SetDefaultColor(Color.GREEN); def volTest = volume >= _volAvg * ( 1+ ( pct / 100 ) ); Uses the data of the entire chart. //println "l2>${l2.split(/\-/).size()} is a number. MACD and is included here for that reason. boolean visible' is a true or false statement that defines when the label shows or doesnt show. There are two ways of referencing constant inputs : smoothingType = "SMA" and smoothingType == smoothingType.SMA are equivalent.The first is the short syntax ("SMA"), while the second is the full syntax . 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). For example, there is a 9/30 setup that is openly discussed on the internet. 10 loops are executed and each loop is multiplied by the value of the previous loop. Clusters are powerful points for buy/sell decisions. else ""), color.white); #Comment: Each 'ifthenelse' statement should be within parentheses to insure printing. Defines the distance between the extra line and regression line. 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. To facilitate implementing a multiple-time-frame approach consider establishing a named grid with each grid component having the charts and indicators at the time frames that you are interested in. I will be watching this forum to see what ideas are also thrown out to your original strategy as well. This will do it. As an example, use isnan() which returns true if the specified parameter is not a number, returns false otherwise. input price2 = high;#hint Price2: The prior gap-up-bar-basis Then plot each condition. Each non-builtin indicator will be listed in this Snippet Collection. thinkScript code indicators for use with ThinkorSwim platform. Note that the variable designations (n, s, i and t) cannot be duplicated in the folds. else if price == high then "high" Note the importance of the index starting with 0. 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. to this work for ideas and techniques. The PDF format was selected, with extra features, like the hyperlinked Table-of-Contents, to make subjects easily found. if SlowK > SlowD then color.green else if SlowK < SlowD then color.red else color.gray. This date corresponds to the day whose trading session contains the current bar. View full post. I constantly look Use the wizard in the 'scan/stock hacker' and copy the wizard result via CTRL-C for pasting into the existing study editing. You may view it at, http://tda.thinkorswim.com/manual/metal/thinkscript/reference/Functions/Statistical/Inertia.html. def term = x*price2[1]; # = factor * previous high Use a 'day' aggregation: Comment 1: By Nick Name @ ThinkScript Lounge: Someone asked me about an increasing earnings scan for 2 quarters. The syntax is: if close > open then close else open; An example is: plot Maximum2 = if close > open then close else open; An IF.THEN.ELSE are all required. Subjects are often named differently. Inertia ( IDataHolder data, int length); Description. Building Applications | Charter Township of Commerce, MI Comment: Although there are many stochastis studies out there, this one looked very useful. Specify the threshold for the overbought-oversold value desired. It is an overbought oversold indicator that I use on just about everything. This is known as a bullish regression channel. case "Advance/Decline Line": In addition to that, a neat trick is, while in the code editor, drag the editor window down so that you can see the charts label and header values. The default is length = 14. aggregation. Note that int max offset is a fixed integer value, while IDataHolder dynamic offset is an expression that defines the offset value. Style. Conditions may be nested as in this example: Note in the above, since color.green, color.white, color.red and color.black are constants and not double variables, the if-expression must be used and that requires the presence of all IF..THEN..ELSE parts. Post your charts of potential plays, chit chat, etc. Set it too small and the script engine stops the loop before all index values are processed. The inputted agg-bar average; and 3. Vol.SetLineWeight(3); 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. Inertia. This is where VIP members share their add-ons, mods, and strategies. This subject is about including existing studies in your code 'by reference' in lieu of duplicating its actual code. Learn all about VIP membership, To access the premium indicators, which are plug and play ready, sign up for VIP membership. Note that on intraday charts, this date and the actual date might not be the same for Forex and Futures symbols. First of all, anything within brackets is optional. select 'pointer' to re-establish it. Learning Center - StDevAll - Thinkorswim Defines which of the extra lines should be visible. If it complies, 1 is plotted if not 0 is plotted. else if price == ohlc4 then "ohlc4" Realize that the 'minutes-ago' will be different for each aggregation. Departments | Charter Township of Commerce, MI 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. level = 1; When the counter gets to 5, fold stops and there is no results related to loop 5. After installing the %HL you access editing it by right-clicking the watchlist column headings to customize and follow the The condition is always in a 'if. ` The reverse is also true when desired arrows do not exist because a condition is not being triggered. declare upper; Alternate 3: Plot a dot below the bar that crosses and only that bar. So I converted the PDF to Asciidoctor html format. 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. GetDay, GetWeek, GetMonth and GetYear all relate to the CURRENT BAR and return values that relate to the ENTIRE YEAR: i.e. A chart may also have one or more secondary aggregations. Note that the confirmation of a swing point does not come until 2 bars after the swing high in this case. Figures 3,4,5 brought to light some interesting aspects. Hence, if you have two folds in a study and you assign 'idx' to in the first fold you cannot assign 'idx' to in the second fold. This is the bubble in the right margin and not onthe chart itself. The user may adjust the length of the channel as desired from within the settings panel. If you want to see it just make it a lower study. If you look at the actual code of StochasticSlow study youll see that it has a series of "input" variables. onceperchartdown.hidetitle(); These numbers are based on the columns "day" If the renamed study is referenced therein with the old name, then that reference(old name) will be broken i.e. This tip is to use TOS 'ThinkLog' to store those rules for easy reference. The statement "if AggPeriod == AggregationPeriod.DAY then else;" reads: if the variable AggPeriod equals (is the same as) AggregationPeriod.DAY then do something else (otherwise) if its not, then do some other thing. input price = close;#hint price:Select the price choice Specify begin and end points of regression line . def chg = 100*(price/avg -1); You can use either the ThinkScript functions or calculate the variables for Linear Regression and Standard Deviation which ever you prefer. else if price == hl2 then "The price-variable selected is hl2 = " + Round(hl2,2) useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Some are especially useful at selecting text by letter, word, line, paragraph, window, etc. There are some studies that have numerous plots. else if exchange == exchange.AMEX then "AMEX" The end-time markers may seem redundant and they are if you do not 'Show Extended Session' or 'Expansion Area' for stocks. Return to 'drawings' and The example used here, %HL, is a custom column study available at http://mytrade.com/StanL Of course, you will need Granted using this does not allow you to easily put stocks into a TOS watchlist but, nonetheless, this is very useful data. add-ons, and strategies, private VIP-only forums, private . The ! Vary the "width of channel" and length to suit your own preferences. HMA > HMA[1] , THEN paint the plot with the Up color which is defined as color(1) OTHERWISE/ELSE paint the plot with the Down color which is defined as color (2). Start a new thread and receive assistance from our community. Studies may have a single plot or multiple plots: ' StochasticSlow' has four plots named SlowK, SlowD, OverBought and OverSold. scan.SetDefaultColor(Color.White); #Hint:Scan/plot for a increase or decrease % of an inputted Parameter and average-length Solution: Heres a study for you. Revenue Optimization Analyst Job Acme Michigan USA,Business advnDecl = advances / declines; Variables are assumed to be of primary aggregation and those of a secondary aggregation must have their aggregation specified every time they are used. This technique is too neat not to call it to your attention herein. To make an 'Info Bubble' for 'Edit Studies' input. PolarizedFractalEfficiency_SFL . that are non-receptive to comparison, you can normalize each of the two (or more) Uses may be any TOS features worth knowing. All scripts are run in real-time and the script processor only runs one iteration of the script. else' format. In this example, 'nice' was used. "Upper_Band"[1] and MACD() > 0 and MACD() > MACD()[1]. def previousDay = if CountTradingDays(CurrentDate, LastDate ) == 2 then yes else no; Comment 1: The '==2' may be changed to represent any previous days-ago, Comment 2: CountTradingDays includes the CurrentDate and the LastDate in the count, Usage: The above two line are conditions that you use to restrict your data. AD.AssignValueColor(if advnDecl > advnDecl[1] then AD.color("Up") else AD.color("Down")); See video (2 parts), Comment 2: While at this site check out the other indicator tutorials that may interest you. def RangeCondition = ADX > 0 && ADX < 13;# ADX is between 0 and 13. VolAvg.SetDefaultColor(GetColor(8)); calc label# Be sure to set the time aggregation you desired i.e. def NineThirty = secondsFromTime(930) > 0; Set agg = day. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Comments from donor BDPonydoc on Yahoo Groups #(18563). When you have multiple conditions, at times it is difficult to know what conditions are firing and when. Ask away. Labels are boxes of info placed at the top-left of a study. LRC (Linear Regression Channel) Indicator | Stealth Traders You may add these info bubbles to your studies. Two different secondary aggregation periods cannot be used within a single variable. You change the condition-def statements to plot statements. Say you have two plots (which always generates an error in custom columns, scans, and conditional orders) and seven to eight conditions shown as nine colors packed into a single column. else if type == type. The default parameters are A distance of +/- 2 SD from the average will include 95% of the 100 datapoints(0.95 X 100 = 95). In that case: Concat is a term that means to connect two text phrases together. The defaults are accelerationFactor = 0.02, accelerationLimit = 0.2. With the Polynomial Regression Channel, you have the upper band, the lower band, and the neutral band. SUMMARY. of various choices and because it is so popular for viewing the market conditions. Offset Regression Bands Indicator and Strategy for ThinkorSwim, MA VWAP MACD Volume Pressure Day Trading Setup For ThinkOrSwim, Camarilla Pivot Points Day Trading System For ThinkOrSwim, /ZF or /ZN 20min Trading Setup For ThinkOrSwim, 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/, Long Entry: The Linear Regression Curve is rising AND the close of the previous bar is above the Linear Regression Curve, Long Exit: The close of the previous bar is less than the Linear Regression Curve, Short Entry: The Linear Regression Curve is falling AND the close of the previous bar is below the Linear Regression Curve, Short Exit: The close of the previous bar is greater than the Linear Regression Curve.