If you were kind enough to become a lifetime member, I’ve sent you a slew of .ts files comprising all the studies on the site including those reserved as thank you gifts. It is far easier to load them in this way than to cut and paste. Follow the steps below to load the entire ThinkScripter bundle of studies. For those who have not donated but would like to, please click the Pro Membership link above and follow the instructions.
Click to see a larger version of this video
Steps to load all the studies at once (a single study is largely the same):
* You cannot double click a .ts file. You must load it from within the TOS “Load Studies” panel. Some operating systems may incorrectly identify these files as video files but that is OK. TOS will recognize the files correctly.
1) Save the .ts files to a location of your choosing.
2) Go to ToS charts and select the “Studies” -> “Edit Studies” option.
3) Click the “Load Study” “IMPORT” button in the lower left.
4) Navigate to the studies folder and select about a third of the studies. If you select all of them at once, TOS tends to lock up for some period of time as it tries to process all the studies.
5) Click “Open” and, then repeat for the second and final third of the studies.
6) Unless you want all of them applied to your current chart, you should probably remove them from the upper Added studies pane before you hit OK or Apply.
That’s it. Saves you a fair amount of cutting and pasting.
Mr Eric,
Am a member and am also computer stupid. I figured out how to load up the studies and they are great! My question is when you get new studies can I reload the whole list again? will it write over the old ones and add the new ones or do I have to put the new ones in individually as they are developed? Or should I erase the whole old list and load the new list?
Sorry to bother you, really enjoy the studies.
Rick
PS Please reply to my e-mail
I am considering becoming a member but want to know prior to if you provide help to members in creating the complex formulas for study alerts ? I need to create study alerts for macd cross overs, rsi cross overs, and moving avg crosses. Would you be able to provide help or actual examples for those?
Yes, I have done quite a few to date. They can be a bit tricky and not everything can be converted into a complex alert but the cross overs are pretty basic.
-Eric
Thanks for the earlier info, I joined today! Here’s my current problem I’m going directly to the Study Alert area via going to the MarketWatch tab, I enter a symbol in the symbol box , I then click ‘Study Alert ‘ , in the Condition Setup box under ‘Trigger Type’ I select Complex Formula. One of my scripts I input here is a simple RSI crossover ” Alert(Crossover(yes,RSIWilder()< 70), " RSIWilder() crossed below70!"); " I recieve the following error among others "No default value for parameter 'parameter2' on alert " when I add .ONCE or .BAR after alert I still get errors? I assume if I can get my alert scripts to work under Complex Formula I can then recieve emails on the alerts and my own sounds using the alert options there. I have sent sent this question to TOS support twice in the past 24 hours but the 1st time I asked them I don't think they knew the area I was using the scripts in, any tips or resolution will be greatly appreciated, I am a forex trader and I like to recieve alerts via email and at my trading desk due to the hours of forex trading being almost 24/6. Thanks
Darrel,
Shoot me an email and we’ll get your alerts up and running!
Eric
thinkscripter@gmail.com
Eric,
I love the indicators. Thank you for all you do to help us retail traders.
Maybe you can point me in the right direction – I talked to the TOS tech guys and they said you may be able to help. I would like to be able to scan a watchlist (or ie. the S&P 500 stocks) for charts with a price DT/DB (or close) whose MACD indicator is showing a clear divergence. Another words, if I have clearly defined DT in price, then I would like to see only the symbols that have a MACD reflecting weakness by pointing down and preferably below the MACD signal line. If a price DB, then a MACD that clearly reflects strength building.
Am I wishing for too much? or is that something that could be programed in TOS?
And my last question refers to indicators and not to scanning – Is it possible for the MACD to be seen as stairsteps instead of the smooth-lines that we currently see on the MACD?
Again Eric, thanks for helping by sharing your time and talents,
Vickie
Vickie,
Scans are a bit of a novel beast and require some finesse when crafting them. I haven’t written too many scans but, being the eternal optimist, I’m not going to say this is impossible. There are some great scan coders in the forum. I suggest adding your question to the User Contribution: Scans forum and see if anyone has any suggestions to lead the way.
As for the second question, I think no. A MACD is literally the difference between two moving averages which by definition are smoothed. Do you have an example from some other platform that shows a stepped MACD?
-Eric
Eric,
Thanks Eric I’ll move it to User Contribution.
And yes, one platform that has the stairstepped MACD is the AIQ Charting System. The MACD on that platform is always stairsteps. I also know others have just recently programmed it into the Omni Trader Charting software as well. The benefit of the stair step, is that if the step is long and continues to get longer, it’s easy to see momentum is continuing to build or also see momentum slow down when the steps get smaller.
Oh, you can see some examples of the stairstepped MACD at this link toward the bottom – http://blog.theoptionshunter.com/
Again, thank you Eric,
Vickie
I am interested in the Multiple Time Frame Stochastic Momentum Indicator (I believe this is your only multiple time frame solution … I noticed multiple down indicators without an up indicator in between and confessed to being a little confused.
I hunted around and could not find any detailed description on how it works …
1) What time frames are involved
2) Can they be altered
If a person adds to the beer fund, is there a description on how the indicators work and where one can change parameters if they want to experiment – or have you already optimized results via backtesting with Tradestation or a similar product?
Hi Mark,
In essence the MTF Stochastic is looking at the stochastic on three timeframes, two of which are user selectable as multiples of the current timeframe. So if you are running on a 5 minute chart and select 3 and 20 as your multipliers, you will be estimating the stochastic on the 15 and 60 minute charts. I say estimate since there is no true way to pull HTF data in TOS. The indicator uses an algorithm to create the HTF data. Once all three are calculated we then look for convergence in the overbought/oversold areas. When all three align you get the colored bands. Since there is no requirement for a stochastic to oscillate from overbought to oversold and back, there is no requirement for this indicator to do the same. Overbought can remain overbought and oversold can remain oversold. I’m always available to help the members with questions. The documentation is limited to what you see on the blog and over in the forum.
-Eric
Hi Eric
I joined last night – spent a couple of hours going through your screens – awesome.
A quick housekeeping question: I have a home and an office set-up that I use at different times of the day. Do the screens transfer through my TOS account, or do I need to put them on both systems?
- – Steve
Steve,
They should transfer through TOS since everything is kept on their servers. That said, I’ve had intermittent success with this. It’s often easier just to load everything on both computers.
-Eric
Are those indicators can be downloaded to trade station? Thanks
No. These are all for thinkorswim.
Hi Eric
First, thanks for your reply above (4/11 at 9:53 AM). Had to load twice, but now it works perfectly.
I have two excel files I would like to send you that looks at a couple of exponential moving averages of volume compared to price. The results are interesting enough to pursue further. I performed the work on CMG alone. The second graph again uses an exponential moving average, but puts volume up days above the zero line and the negative days below the zero line, with a polynomial average running through each. Running on the assumption that volume moves in either direction are preceding price action (except for “extinction” events), the movement of the polynomials provides at lease a cleared spread on volume with a quick glance.
Any chance you have time to give me some hints? I can send the charts as pdf or the entire excel file, but it may be too confusing (ie random analyzes on the same spreadsheet.
Thanks again.
Steve
Eric,
Can any of these scripts be used to scan for stock with under TOS scan tab?
Some are adaptable to be used in scans. The TOS scan tool is pretty finicky about what you can use. In general, simple studies work as long as they return a true/false condition that can be scanned for. What did you have in mind?
Eric
I was just looking for different scans I can do to look for stocks. I have done a very simple one to look at stocks that are twice of their 50 day volume moving average on a daily basis. I would like to be able to do that on a weekly basis or better yet a trailing Xdays.
Can we use these indicators on web based platform ( TOS webbased platform)?
No. The web based TOS can only use the built in indicators.
Dear Mr. Purdy,
Thank you for the consistent guidance and quality service you provide us on your site.
And paramount, our deepest appreciation for the armed service and sacrifice you, and your brethren, commit to our finest U.S.A.
Happy Memorial Day,
KPC Family
Thank you.
-Eric
Think your input and contributions are fantastic. Thank You. Hope you are enjoying it as much as I do. Being only a good user of the computer but not programing I was wondering if you have ever had a request to combine Stochastics and auto trendlines. It would a great indicator that let you know when the price is at the support and the stochastics were over sold. The stochastics I use are full 14,3,3. Thanks Look forward to hearing from you.
I just donated today hoping that your site can help me get started on how to use the Stock Hacker scanning. Need to get some custom scans working. I have enjoyed reading the forums and ready for more. Looking forward to a lifetime of knowledge. Thanks
Thank you Denise.
-Eric
I am trying to figure out how, on TOS charts, or Prophet Charts which is also on TOS, to create “volume candlesticks”, where the candlestick is created by volume, not time passing by (similar to point and figure charts, only instead with candles, showing the high/low/open/close within each volume candlestick. Of course you’d have to create a different candlestick volume for each ticker, based on how much volume it has each day, and then create, say, a volume reflective of it’s volume each day. Example: a ticker with 5 million shares a day might “paint” a new candle every 250,000 shares traded. Is this possible?
I know TOS charts don’t have it and I’m reasonably certain Prophet charts don’t have volume candles. Questions are better off posted in the forum than here….
-Eric
How do you add questions to the forum? Thanks.
You are already registered in the forum and have posted before. What problem are you having now?
New to TOS and also new Thinkscripter member.
Is there a way to have an in-sync multi-time frame cursor?
Just like most, I have multi-time frame charts in one screen. The cursor however works for one graph at time…often see this on presentations (TradeStation).
regards/Mor
Unfortunately, there is no universal cursor in TOS that will show simultaneously across charts.
-Eric
Eric,
Great set of indicators and scripts. I was hoping that the code for the root functions might be included such as ExpAverage, AvgTrueRange, StochasticFull, etc. Are these available?
Mike
Since these functions are already available in thinkScript I have not re-coded any of them.
Understand. I assume they do not make them available as script source.
Wonderful website! This appears to be exactly what I have been looking for to help with some scripts I’ve been thinking about off and on for about 2 years now.
Could you answer 1 question about thinkscript to verify thinkscript is the correct route I want to go (and to signup for a pro service) . I’m currently working with an end of day data service to write my screens but could I use thinkscript to scan and provide a list of all stocks who’s ATM options volume doubled in the last two days or which stocks had a 200% increase in open interest on the 10 delta puts, etc, etc, etc.
Thanks so much for a great service,
MardiGrasStephen
Off the top of my head, I don’t think you can do either of those scans with TOS.
eric im new to the tos platform an im way over my head but i just found your site an im thinking of be coming a member an i can load all these indicators youve built.not that i would know how to use them. is it very hard to load the indicators.oh i justtrade stocks an a few calls puts doing a lousy job of it haha seems as soon as put a trade on the market goes the other way .well the only thing hold me up is my ignorance of not being able to use all this stuff .thanks jeff
Jeff,
My recommendation is that you hold off on becoming a member. Rather, I would buy a few good books on trading (there are some recommendations on the Trading Resources page). Please don’t commit any real capital to trading until you have developed a successful methodology. Indicators are generally not the answer to poor trading performance.
Eric
The reason why your having a hard time with your trading is because you don’t have a trading plan with entry an exits, without this your doomed to fail. In order to be a consistently profitable trader over the long haul is only with a trading plan with strict money management rules. Its that simple.
A trader without a trading plan is like jumping in your car driving with know clear direction.
could i get some help on downloading my purchase of the chart settings
You have email.
eric i was watching a video from topdog trading and he was talking about chart patterns and when people were in pain im kinda new to trading so i thought wouldnt it be nice if you could look at a chart an tell you when there is pain or not . but your the pro so this may be a crazy idea. anyway thanks
Eric,
Would you consider writing a Darvas Box study for tos? The one on the tos platform appears to be broken. It presents wrong results almost as often as it present correct ones. I know it is an old timer, but Hubert Senters (John Carter’s partner at Trade the Markets) uses it effectively and simply to catch some nice trades. I found a nice definition in a PDF (including a flow chart) and a Power Point presentation on how to use it with heavy emphasis on a trading plan, stops and targets. I found this with a Google search of “darvas box definition” on page 2. I can forward the links if you have difficulty finding them.
Thanks,
Gary Stone
I believe there are several user versions of the Darvas Box already coded in the forum.
Eric,
Thanks. I used the home page search but forgot to search the User Contribution section. This clears up the things that looked odd to me on the native tos version of Darvas.
Gary