Custom ThinkScript Indicator Scripts for thinkorswim
Posted in Indicator on Mar 21st, 2009
I’ve had a few donors request an implementation of Hourly Rolling Pivots. Each hour (or any time period you choose), the pivot levels will be recalculated based on the last hour’s high/low/close. These pivots are good for intraday trading and especially during periods of chop.
Posted in Indicator on Mar 12th, 2009
Here’s a custom script a reader commissioned me to build. It displays the previous day’s regular trading hours high/low/close as well as two custom pivots. The script works on both 24H charts as well as Trading Hours only charts. The custom pivots are defined as follows: 1) yesterday’s high + (yesterday’s high-two day’s ago high) [...]
Posted in Indicator on Feb 23rd, 2009
Here’s another reader request. The three day rolling pivot range. The pivots are calculated using 24 hour data (vice normal hours) which appears to be a limitation of ThinkScript’s high() and low() functions. If anyone knows a workaround, I’d love to hear it. The formulas for the high and low pivot range are as follows: [...]
Posted in Indicator on Feb 8th, 2009
I had a reader request an implementation of the Camarilla pivots. Rather than re-invent the wheel, I grabbed ToS’ new Person’s Pivots script, jammed in the Camarilla formulas, cut out some extra plumbing, and voilà. By default the pivot, H1, H2, L1, and L2 levels are hidden. My quick research of these pivots suggested the [...]
Posted in Indicator on Feb 7th, 2009
Plots the midline between the various daily pivot levels. Code updated after the February ToS build broke the script. # PIVOTPOINTSMIDLINE # (c) 2009 http://www.thinkscripter.com # thinkscripter@gmail.com # Last Update 26 Jan 2009 def pp = pivotPoints()."PP"; def r1 = pivotPoints()."R1"; def r2 = pivotPoints()."R2"; def r3 = pivotPoints()."R3"; def s1 = pivotPoints()."S1"; def s2 [...]
