Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Indicator on Jan 24th, 2009
I had a request for an indicator that shows all the TICK data not just the extremes. Here’s my first cut at it. The green bars represent the high tick reading, red the low, the white dots the close, and the white line is an EMA of the HLC3 data. You can set your extreme [...]
Posted in Indicator on Jan 21st, 2009
This indicator will plot market breadth for the NYSE or NASDAQ in one of four ways:
1) Advancing/Declining Issues Ratio
2) Advancing-Declining Issues Total
3) Advancing/Declining Volume Ratio
4) Advancing-Declining Volume Total
# MARKETBREADTH
# (c) 2009 http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 21 Jan 2009
declare lower;
input display = {default ADIssuesRatio, ADIssues, ADVolumeRatio, ADVolume};
input market = {default NYSE, NASDAQ};
def advancing = if(market, close("$advn/q"), [...]
Posted in Indicator on Jan 20th, 2009
This indicator attempts to capture the ratio of rising price volume to falling price volume. The display is an average of up bar volume divided by down bar volume. The mid line is the 50/50 ratio. A divergence between price and the indicator can signal non-confirmation of the trend. (Note: Initial positing of the code [...]
Posted in Indicator on Jan 18th, 2009
This script plots the highest regular-hours high, lowest regular-hours low, and midpoint pivot at each bar.
# DAYRANGE
# (c) 2009 http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 14 Feb 2009
input showOnlyToday = YES;
input Market_Open_Time = 0930;
input Market_Close_Time = 1600;
def day = getDay();
def lastDay = getLastDay();
def isToday = if(day==lastDay,1,0);
def shouldPlot = if(showOnlyToday and isToday, 1,if(!showOnlyToday,1,0));
def pastOpen = if((secondsTillTime(Market_Open_Time) > 0), [...]
Posted in Indicator on Jan 18th, 2009
Enter your desired working stop-loss amount. Two lines are plotted representing the current bar high/low plus the average true range of the underlying (or any multiple thereof). If your desired stop amount falls within the boundaries of the envelope, the plot is blue. When the volatility increases such that your stop is probably insufficient, the [...]
