Scanning for stocks that have just crossed over produces less hits that a scan that looks for a xOver within one (1) day. LevelLine.SetDefaultColor(GetColor(7)); Mobile compatible. else ""), color.white); #Comment: Each 'ifthenelse' statement should be within parentheses to insure printing. Calculates the simple moving average using fold. Rather than define a variable, the fold may be plotted directly i.e. For more information, please see our The code below allows you to show the oil futures (/CL) below for comparison. For an example, let us create an exponential moving average on our BTC data: For example, there is a 9/30 setup that is openly discussed on the internet. Setups frequently have rules re what needs to exist to implement its buy/sell strategy. 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. is the enum value. Comment: 'NumberFormat.TWO_DECIMAL_PLACES', 'NumberFormat.THREE_DECIMAL_PLACES' and 'NumberFormat.DOLLAR' are the three choices that can be used with 'AsText'. When I say "long" I mean like half a day for day trading". The date and time functions take a lot of time to learn and much usage to feel comfortable with them. input BeginDate =20130810;#hint BeginDate: The start date in YYYYMMDD format. This code plots candles relative to the centerline of the linear regression channel (the linear regression line) and shows the movement relative to that. In realtime coding, the +1 is replace by all kinds of conditions and resulting actions. The other two are, the 'if-expression' and the 'if-statement', both of which are documented at. This indicator will automatically curve-fit a polynomial regression channel. That is literally just a copy and paste job on the linear regression channel that comes free in TOS anyway, at multiples of 0.375. Plots a single curve in which you have defined the type of price and the number of bars as the basis for the curve. You may add these info bubbles to your studies. Futures and Forex are a different story. def Change = (price / price[length] - 1); Plot PctChange = 100 * change; The above reads as 'scan for when the 14 period fast stochastic crosses above 80'. Specify begin and end points of regression line: these will be snapped to the closest bars. Wouldnt it be nice to move thru the list looking at a chart for any stock that you want. Otherwise, you may not get an error but an 'ifthenelse' statement may not print. You may need to learn other ways of specifying aggregation to read other peoples code such as in the built-in DailySMA. Here is what happens to the strategy if you overlay an Exponential Moving Average on the Linear Regression Curve, and trade using the following settings: I slightly modified this linear regression slop study to include an angle label. A distance of +/- 3 SD from the average will include 99.7% of the 100 datapoints(0.997 X 100 = 99.7). This indicator will work on any instrument and on any time frame. ` You now use 800 test cases to . This scan does a good job finding stocks that are tanking! Below is a useful list of those available in Win 7, the TS editor and most editing programs. Past performance of a security or strategy is no guarantee of future results or investing success. This study presents the 200 day moving average plot and a scan for within 10% of the MA(200). Start a new thread and receive assistance from our community. Trading higher timeframes in futures can be rather inefficient for many traders as they do not have access, capital, and/or the stomach to trade positions for that long. def chg = 100*(price/avg -1); Some examples are below. Both methods are used frequently. Style. Functions that take a look back value or length, such as average( data, length ), highest( data, length ), etc. AddLabel(yes,Percent + " % " + Choice + " of the " + length + "-bar-average of a selected input price",color.white); #hint:Places an arrow at the defined time each day, declare hide_on_daily; }. Commerce Township Departments Direct Phone Number: Supervisor: 248-960-7070: Clerk: 248-960-7020: Treasurer: 248-960-7040: Planning: 248-960-7050: Ordinance Officer left mouse key and drag the chart to the left for as much right-space as you want. 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. Our forum can be intimidating, if not overwhelming. def term = x*price2[1]; # = factor * previous high Will be interesting to watch not sure however how to develop the system on reg trendline trendline pattern even if it holds true . level = 0; input time = 1000;#hint time:Time to place the arrow at. Using the examples guides you re what parameters are applicable and how you may change them to suit your desires. If the close equals the open then plot the (low + high)/2 . then when none of the nested if thens produce a result. First of all, anything within brackets is optional. Page 160. also takes this opportunity to define the usage of CompoundValue to initialize This subject is about including existing studies in your code 'by reference' in lieu of duplicating its actual code. If that trendline holds it will CIT stock to bounce from here but if it breaks that will be a mjor reversal to downside . case decrease: 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. Each RGB component ranges in value from 0 (meaning none or 0%) to 255 (meaning the max 100% value). else if price == hl2 then "The price-variable selected is hl2 = " + Round(hl2,2) Visible. The boxes are based on % moves for the day and the % can be adjusted. 2023-04-21 / channel_cylinder-z-MOL. As an example let 10 be the original value (B4) and 15 the final value (NOW). 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. stock currently is. The two ways above example, "value1 is what percent larger/smaller than value2." input MA1_length = 50;#hint MA1_length:Input a MA1 length It is recommended that you use a good PDF reader that has good navigation and search/find capabilities. DefineGlobalColor("Purple" , CreateColor(160,32,240) ); See all predefined color constants: See predefined color constants. Regression channel consists of two parallel lines plotted equidistantly above and below the Regression Line. LRC (Linear Regression Channel) Indicator | Stealth Traders EMAs are great but so many times a fast line will cross a slow line but then turn right around and un-cross. In studies or strategies, ThinkScript runs your script once for each and every bar on your chart, regardless of the aggregation period. They are: (1) Bearish candle plots.txt; and (2) Bullish candle plots.txt. Trading Standard Deviation Channels - Incredible Charts Note that not all studies can be normalized e.g. {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:. The use of the TOS 'SequenceCounter', for intra-day trading, has an advantage when the count can be viewed to multiple aggregations simultaneously. Comment: Using the Hull moving average in the MACD in lieu of the SMA or EMA produces a more sensitive/responsive Plots the changing slope of the LinearRegCurve based on the price and length that you select. Otherwise an error is produced. This is a hard-fast rule that often comes into play. case "Absolute Breadth Index": A horizontal 0% line will appear accross the chart at the value of the selected bars close. The best major signal come when the two oscillators line up. "Here is the code for my favorite indicator. Copy the wizard result via CTRL-C and then 'CANCEL' the new study; or 2. Arrow.SetLineWeight(5); You must, Super 6x: RSI, MACD, Stoch, Loxxer, CCI, & Velocity [Loxx] for ThinkOrSwim, How To Enable Thermo Mode For ThinkOrSwim, NQ 1 minute Scalping Indicator For ThinkOrSwim, Scan request: current price is down 1.5 times of ATR, Indicator for 3rd consecutive swing low or high needed. GetYYYYMMDD() is the most frequently used. Suggest: To get a meaningful scan use: 1) fundamental filter: close >=10, and 2) study filter: VolumeAvg(50) >= 500000. advnDecl = advances / declines; advances = close("$ADVA"); input GapPct = 0.5;#Hint GapPct: The gap-up percent Change length or the value of 'X > 10' for a more powerful trend. input price = close;#hint price:This is the variable (11 choices) that will be plotted. plot Data = close(period = agg) / close(period = agg)[3];# The phrase 'period =' is always used when referring to the variable aggregation. 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. Alternate 2: Cross 3 days back. A picture of the setup is shown below: Comment: The Sequence Counter is used as an example and is not a recommended indicator: reviews are not in unison. plot MA200= MovAvg200; FIRM, LONG_DASH, MEDIUM_DASH, SHORT_DASH, POINTS, SHORT_DASH is the default value of 'SetStyle'. Comparison to another stock, index or any instrument having a symbol. The name "normal" above is unique to the RSI plot. Do Not Sell or Share My Personal Information. The ADX can be bullish or bearish depending on whether the DMIplus is greater than the DMIminus. Building Department Home. The reverse is also true when desired arrows do not exist because a condition is not being triggered. Vol.SetPaintingStrategy( PaintingStrategy.HISTOGRAM ); 1 to 366, 1 to 53, 1 to 12, and the year respectively. - Reference the vwap study like .plot MyVWAP1 = reference VWAP; Giving the grid a name allows you to call it up whenever you want. 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, ? Isnt that neat? def barnumber = barnumber(); Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). The Linear Regression Slope study displays expected price change based on linear regression analysis using the least squares method. For example, if it is a true/false type then the fold results will be a true/false. Here is a tricky way to do it. ADXCrossover: Scan for the ADX (bullish or bearish) crossing a specified level (threshold). def . Execution command: mpiexec -n 1 ./incflo2d.gnu.TEST.MPI.CUDA.EB.ex benchmark.channel_cylinder amr.plot_file=channel_cylinder_2d_plt amr.check_file=channel_cylinder_2d_chk amr.checkpoint_files_output=0 stop_time=0.025 amr.plt_ccse_regtest=0 amr.plt_velx=1 amr.plt_vely=1 amr.plt_gpx=1 amr . The code is duplicated below: SLOPE OF AN AVERAGE herein shows how to reteieve the literal of 'AverageType' choices in a label. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. If you sort by this scan, the higher ratio stocks will have smoother trends, while reading between .30 to 0 will show very volatile stocks. addLabel(!ShowBubble,"%-value-bubbles available when above " + Ref_val + "% reference line", Color.white); Click the underlined Page ? Regular grids is suggested in lieu of flexible grids. addlabel(yes,"Vol as % of " + VolAvgLength + " agg-bar avg volume = " + aspercent(Round(data,2)),if data < 0 then color.RED else color.GREEN); #hint: Plots: 1. The more bars you include in the series, the more significant the swing, but the confirmation comes further from the actual swing point. If you want to see it just make it a lower study. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Its not likely that you will ever use a def value in a do statement of a fold like this. Most . that are non-receptive to comparison, you can normalize each of the two (or more) For a better experience, please enable JavaScript in your browser before proceeding. The same The choices include other than price items such as volume and 'imp volatility'. Comment 1: The stochastics indicator can be confusing because it is referred to as: 1. The below picture is used to illustrate the concept. This is known as the bearish regression channel. When the DMIplus is greater than the DMIminus the ADX is 'Bullish' or vice versa is "Span A", Ichimoku(). Frequently Asked Questions. Likewise for 'Bell curve'. There is a complete tutorial named Aggregation Tutorial,PDF available at http://mytrade.com/StanL. [ = ] is the initial value of the 'with ' and is optional. Scan for PreMarket that shows stocks > 1% from Bid above Close last nite? You can create that color for use in TOS by using the function 'CreateColor(double red, double green, double blue); ' similar to the RGB Code in the chart above. The default parameters are KPeriod = 14. It has been observed that using more than one secondary aggregation may affect the proper plotting. Plot scan = low crosses LinearRegChVar ("width of channel" = 69, "full range" = no, "length" = 252)."LowerLR". 3 years as of this writing, I am not sure if something happened to StanL or what. An example is -- #hint: Plots a trend line between the two input dates. If it is omitted, then the default value of 0 is used. else if type == type. This is my first code i've written. def plotPrice = CompoundValue(1, if timeTest then barnumber else plotPrice[1], barnumber); input length = 50; plot Vol = volume; Inertia. Remember that the fold calculation is executed at every bar as ThinkScript processes from bar 1 to the last bar. An example is -- input Length = 10 #hint Length: The number of bars used to calculate the average. The upper and lower channel lines, parallel to the centerline (the true linear regression)., indicate the furthest that the data has been from the middle line The '100' in the title means that it shows the upper and lower lines at 100% of the data difference from the centerline . I'm looking to further improve it by adding another angle label that changes the angel value as I hover my pointer over the slope line. AddLabel(yes, if price == close then "The price-variable selected is close = " + Round(close,2) else if price == open_interest then "The price-variable selected is Open_interest = " + Round(open_interest,0) : You can also use color changes to identify various plots. This can be reversed and redone if you missed the observation.This works on any highlighted plot. The below picture illustrates doing this. Script show. Note that the LinearRegCh100 color cannot be changed because it is a built-in study and its code is non-editable. else if price == hlc3 then "The price-variable selected is hlc3 = " + Round(hlc3,2) The compact form is simplest in that you simply put your values in the place/position of the default parameter you wish to change. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors.