Custom ThinkScript Indicator Scripts for thinkorswim
Posted in Indicator on Jan 18th, 2009
Here’s a simple script that plots a dot above/below the current bar if an extreme NYSE TICK reading is registered. The thresholds are user selectable. # EXTREMETICK # (c) 2009 http://www.thinkscripter.com # thinkscripter@gmail.com # Last Update 17 Jan 2009 input dotOffset = 1.0; input HighThreshold = 1000; input LowThreshold = -1000; def tickDataLow = low("$TICK"); [...]
Posted in Indicator on Jan 18th, 2009
CCI with three periods plotted on the same indicator. The turbo is the green line, the long time frame is the white line and the standard CCI is red with the histogram. The main CCI will turn yellow if the reading crosses the 200 value. # TRIPLECCI # http://thinkscripter.wordpress.com # thinkscripter@gmail.com # Last Update [...]
Here’s a MACD with a few subtle changes: 1) The price data used is (H+L+C)/3 rather than the close. I find this makes a subtle improvement in the display of divergences. 2) You can plot a second long time frame MACD line on the same chart (hidden by default). 3) The histogram bars are colored [...]
Posted in Uncategorized on Jan 17th, 2009
I’ve been hacking away lately on some custom Think or Swim indicators and thought I’d set up this blog to share them and solicit some feedback. The scripts are free to anyone but I ask that you leave the notes in the header alone so that others can find this site and help me in [...]
