Thinkscript variables Schwab has not integrated their portfolio tracking into ThinkScript. Here are the details below. General Information. I tried using a recursive variable to check if the prev bar, is higher than the current bar - but once again, the Notice: this is an article about an obsolete thinkScript® notation. What would be the function for that? I know it is super easy to define an alert based on condition of 2 or more indicators. That is, define B: def A = open * 0. this is really helpful. I am new to how thinkscript I do not know how to use getvalue here that only addresses a single value. + All variables need to be defined before application with either def or input statements. I want to totaly First post here and wanted to thank everyone in advance as I've benefited from answers to other questions I've had while searching through this forum as I attempt to learn thinkscript. Upvote 0 Downvote. I great appreciate the generous help both of you have given to everyone. I just wanted to try something simple to Background: I am trying to customize a trailing stop for when price is 3% profitable, set a 1% trailing stop (Short SELL in this example). Then I ported the code over to a custom column so you can identify which ticker is which direction directly in the Thanks for the reply! I will look at this the next time I have brainspace! It looks interesting. 00 star(s) 1 ratings Updated Jan So if a constant is assigned a value of 100, then assigning that constant to a variable would result in the variable being a type integer with a value of 100. If you are new to thinkscript, remember that your code runs on each bar and calculates everything based on This is confusing me more than it feels like it should, from the accumulationdistribution study on ToS: length = 4 def range = Highest(high, length) - Lowest(low, length); plot RangeRatio = range / range[length]; To me Basically when the line is trending at 6 (max value based on variables) and riding upper boundary you know it's bull trend but when it starts to waffle a bit its losing steam, so Covariance defines whether two variables have the same trend or not. Particularity a long and short RSI, say 14 and 7 (or 10 minute and 5 minute) Turn the chart red The portfolio variables are non-functioning in ThinkScript since the merger. I have a general question to put When I use this statement to call my own function as follows, then it breaks because the loop index variable is not recognized as a variable that can be passed to my Essentially what I'm trying to do is store the current date and time into static variables as soon as the study is added to a chart. ' CustomColor color' defines the background color of the label box. one more question. That way, I can monitor BarNumbers() Add as many 'switches' as you like, just be sure to change all variable names. e. But based on Chapter 1. If this question indicates that I'm missing a crucial element of thinkscript by asking this, please let me know that as well. reading it overwrites the historical data in the common case that is described in the I have not been successful in figuring out how to save that value in ThinkScript as the ATR adjusts. This can Hello, I need to save the value of a variable as a constant. Aug 1, 2022 #3 Lucky, your long and short variables are already Boolean conditions, so they're Yes/No answers already. Highest() requires a constant. boolean visible. And you had some syntax issues with your plot statements. -mashume Upvote 0 Chapter 1. Highest() syntax and parameters. In thinkScript®, variables are declared using reserved word def. Im defining some variables, but I see a message at the bottom of the script window that says at least one plot should be defined. Can you please help? For example, I want to show value of you need to create another variable , that is true during a trade, call it long. AddLabel(long, " Golong ", thinkScript essentially has three forms of if usage. In order to In ThinkScript, we can't reference custom studies, is there any way to make a code where multiple conditions are met from other custom indicators? For instance, in this This is also an example of how to count things in thinkscript. Reactions: Sergio123, halcyonguy and MerryDay. Already google this and looked up examples in the thinkorswim Learning Center. you can use offsets on variables to reference . Referencing Historical Data, i. using getvalue() , might do what you want in the last code line. Thinkscript to Pine Script This is a bug, a defect in the current version of thinkScript. So I have a the following code: def ap1 = getAggregationPeriod(); def ap2; if ap1 I just want to print in thinkscript. This While discussing variables, we already used the simplest mathematical operations: addition, subtraction, multiplication, and division. Tv/TreydingStock I don't' know if it's possible with thinkscript or not but I would like to have a dynamic amount of input variables. increasing the number to create a delay. The square brackets indicate the shift against the current moment. Please read the options disclosure document titled (i will go 0 thru 4; it ends when it sees 5) # if closeVal[i] (the closeVal i bars back) is less than openVal[i] # then `count = count + 1` else `count` just remains the same as it last I would like your thoughts and help to create the ThinkScript for a Smart Moving Average Buy and Sell Indicator with some logic embedded in it. Pretty if you want price data based on a time different from the chart time, you can use secondary aggregation to specify the time. The def Signal line is not correct can some one explain, Thanks. I can't figure out how. you don't need to use a Hands down, ToS is the BEST for charting analysis. So typically from what I have seen you can add a cloud with Options carry a high level of risk and are not suitable for all investors. E_Sophiea New member. Syntax of the declaration is quite simple: first, you type def, which will state that you are going to declare a variable, then you The label's text is written into a string ("only text goes in this string") and is not generated using an operator of the thinkscript language itself, so I cannot just insert html/ascii/unicode/alt code instructions directly because it will The ToS platform does not support global variables. For VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2. Skip to content. You can just feed them in directly. The data type for variables is automatically Hello, I was looking to get more in depth with learning thinkscript and found what appears to be a more popular TV S/R script that is worth learning from and get benefit from. Despite the endless ways of presenting float queries, the bottom line is: On the TOS platform, float is not data that Quite often, you're going to feel like you're making a mistake, or missing something, only later to discover that thinkscript is simply not capable of doing what you want, at all. And the highest() function will not work with a variable. rec. i use a different method, It's basically just a wrapper for if Author MEssage: The Volumatic VIDYA (Variable Index Dynamic Average) indicator is a trend-following tool that calculates and visualizes both the current trend and the Learn thinkScript functions and variables to build your own ThinkorSwim indicator. In thinkScript®, variables are declared using reserved word def. Probably an easy question but I'm not used to ThinkScript. Support and Resistance MACD At first glance, you are missing a 'THEN' statement in your first 'IF' statement and you don't have the all the same variables assigned on both sides of the }else{ statement. For context, I am trying to detect when a The Holy Grail of ThinkorSwim Tutorials. I IDataHolder represents data such as close, open, volume, etc, that is held across multiple bars or ticks. SMA10 being greater than will each be assigned Would it be possible to create a counter with a variable input, to use as a delay timer. This is useful for implementing multi-timeframe into an existing indicator. But it appears if you follow the (well my) best practice of always using variables for high/low/etc to reduce calls to the server, it works as expected. # set the value you want when the condition I am new to ThinkScript and have looked at various forums and sample scripts for if / then / else and "counters" but am missing something. Is it better to copy/paste the code below this for every increment and alter the variable names accordingly, @snappy33 Not a scan expert but seems you will need to use the PMhigh study in your scan then add an additional scan condition to find close over PMhigh probably within a I have in the past been asked how to compare the lowest and highest of 3 variables. can I do this? Seems like thinkscript wont let you concatenate a string then assigns it to a variable. 0, Take Profit, and Volatility Trading Range. The thinkScript® compiler allows or limits operations based on data type. @Zara2 I think if EntryPrice()[1] is AddChartBubble in thinkScript can replace your boring up and down arrow signals with chart bubbles filled with custom text and color. OrderType. This work fine as is. One form allows for setting or plotting one or more values. https://usethinkscript. Hence the need to know what "state" we're in. Please read the options disclosure document titled thinkScript® is a built-in programming language on the thinkorswim® platform that allows you to create your own analysis tools, studies We'll call this the @davidlymburner Regrettably, only numbers can be assigned to variables There is no way to assign text to a variable in Thinkscript While it may seem logical that something Options carry a high level of risk and are not suitable for all investors. But it is horrible at portfolio management and at providing documentation. usually , getvalue() is used in a fold to read data. E. I am trying to set a variable and retain it's The Holy Grail of ThinkorSwim Tutorials. Although rec variables are still supported by thinkScript®, they can be completely replaced by def. I get the LOW value for the first ThinkScript is iterated on a bar by bar basis, and each variable is an array of sorts. You Users of thinkorswim® platform are provided with a powerful and flexible tool called thinkScript® language. 5; # Assign initial default value #Here, where I In the example above, X will always be 5 on every bar, so that is considered to be a Constant. Used in AddOrder function to add a buying order for entering a new long position or closing a short position. This is something that can't be done in Pine. Please read the options disclosure document titled Does anyone know how to convert thinkscript to easylanguage? I was going to attempt this myself but it is taking too input Offset = . for each price variable you intend to use , define a variable , that is equal to the modified Thinkscript: How to get Option Bid and Ask? Hey swimmers, I don't know why Thinkorswim is so reluctant to include some useful fields and metrics. Options carry a high level of risk and are not suitable for all investors. Access My Codes: https://DayTradingStrategies. But I don't want to store numbers inside this "IncreasingDecreasing" variable. NetFREE Live Trading Room: https://Twitch. Support and Resistance MACD Scalping The code below helps to explain the question. Looks like you're trying to make a fibonacci study, here's one I made recently that This is totally messed up, and there is a serious bug in thinkscript. Syntax. something like this. I can eyeball things and I But I have a hard time understanding how thinkscript handles time designations, especially time periods beyond the current. I seem to have some difficulty finding the trade price value through ThinkScript using a variable so that I could utilize or incorporate the trade price value in a The indexing operator [] is used to access the previous or future data in an array of data. The Highest() function in thinkScript returns the highest value of a condition or variable for the last specified bars. In this case I'm going to use "close > ExpAverage(close, 9)" as a buy signal as it would normally Instead, I have multiple variables I want to run through Switch, and each variable has the same Cases, so I'm trying to reuse 1 Switch/Case statement for all the variables rather Hello everyone. You can also assign a bubble to a Select the cog in the filter. It appears the FOLD Statement cannot accept an input that changes as a variable. Notice: this is an article about an obsolete thinkScript® notation. Description. Currently, we have not been given any sign that they will provide access to I think that fractals are underutilized. -- and you can access past and future values using [] offset Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Returns the correlation coefficient between the data1 and data2 variables for the last length bars. Does anyone have some good ideas? Last edited: Jun 7, 2020. This fold function is one of many examples. For example, Even if I uncheck "show study", the chart bubbles still show up on the chart. Example 1. You can reference one of these pre-defined data series, or you can @MerryDay @halcyonguy. I have ThinkScript that builds a cloud between the moving The AggregationPeriod variable returns the time frame of your choice for the script to pull data from. I want the behavior to be based on the states of these The Fold function in thinkScript can be used to iterate over a list of data points and perform a calculation on each point. I do have a TradingView but I only use it when I am out and about. The first plot is drawn based on the built-in Correlation function, the Hello, Im trying to understand what "displace" means, and I cannot find anything for definitions at all on the thinkorswim learning center. Non-recursive usage. I've never found a good work around. 25; # example code has a Range great, thank so much. It seems like it should be simple to do, but everytime I try I get kinda a pain, but that's how thinkscript thinks you should do it . A simple example would be one study with an adjustable We get it. Please read the options disclosure document titled @raj2ras I'm not quite getting what your trying to explain It sounds like you are confused because you haven't adequately research the AddLabel() function in the Thinkscript I'm building my own indicator but I need to reference other custom studies in thinkscript. How would I determine the highest value in Below is a snippet of my code. This would depend on whether you're trying to increment the variable on the same iteration, or It provides an overview of the basic commands in thinkScript - DECLARE, PLOT, DEF, INPUT, and REC - which allow you to declare properties of a study, plot values on a chart, define variables, accept user input, and reference Separately, for anyone who came here looking for, actually, how to create a variable that retains its value - meaning the value doesn't change across bars because you don't want it to - here are 3 methods Use a recursive variable, as follows: Method 1: if statement. The other two only Specifically, I want a variable that will stay the same over days, but when a certain condition is met it will change. Here is a cool hack for determining the syntax when referencing ToS studies Implementation: I want to use the variable cash and shares to remember the historical information. Note that you can The plot() function in thinkScript is the most repeatedly used function to render and display data on your chart. 5; Thinkscript doesn't like variables for lengths. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge This should be easy, but it's been years since I've "thinkscript-ed" and I currently "lost in the weeds". I come from TradeStation land. The variable is len. Shouldn't they disappear as well? Instead of modifying the codes to get ride of the bubbles, is there a quick way to turn them on and off from the However, I want to use a SWITCH/CASE statement with two variables. I want to In the below example of code, only the <ratio1> input would be changed with many different values to be reckoned. input fullname = Data Types. . Certain requirements must be met to trade options through Schwab. Counts a value using an if statement, recursive variable type We get it. Remove the Thinkscript def variables are evaluated for each bar on the chart -- just like price, volume, study values, etc. I'm pretty sure you can't even place a Def I am building a script using Pine-Script language and the EMA 20 and EMA 50 trading strategy, I want to when an open of a candle stick is larger than EMA 20, and the EMA How do I reference the color of this ArrowDown in ThinkScript? I want to use the same color when plotting something else. def sma1 = can you post all of the code? it is missing variables lov and up. Share Add a No, you have to define each one as it's own variable, especially if you want to do anything with that data. long = if sell then 0 # reset else if long[1] then 1 # keep true else if buy But that function doesn't accept dynamic variables for length. This example shows a simplified SMAEnvelope study, where the def reserved word is used to define the base. Please read the options disclosure document titled I combined the long and short variables to scan for both simultaneously. In ACSIL C++ with Sierra I used persistent Options carry a high level of risk and are not suitable for all investors. This will open up the ThinkScript condition wizard window. A full list of colors you can use in your thinkscript code. But seems my code doesn't work and cash and shares value are always Options carry a high level of risk and are not suitable for all investors. I have very limited knowledge of coding or even using ThinkScript and the few custom scripts I did write took me quite some time to finish, so having access to this Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators This includes converting ThinkScript variable-values into text. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge I'm trying to work on some thinkscript open interest and volume plots and am stumped by the fact that I can't seem to pass a date into a function like GetATMOption after thinkScript color variables are an important part of creating custom studies. A truly dynamic variable in the length parameter will I am playing with ThinkScript code on ThinkOrSwim platform. Solution mashume; Oct 12, 2021; "Generally speaking, it is best to make calls and define variables as I am an options day trader and one of the key indicators I use is a 9ema cross of 50ma on a five minute chart. 01; def B = [I need to define B with the result of A as a constant] If open is 100, then I've made the input "halfpipe" an input variable and assigned it with an initial default value # declare lower; input halfpipe = . I would love to use this on ThinkorSwim but I've no idea how to convert the script to TOS. I do not like standard fractals as they do not have much reliability. Use case is once price moves 3% (down for short sell) I want to retain that specific LOW value. I was asking for a way of getting the bid It could take many bars to get the pullback and a pullback could last many bars. Furthermore, they can also aid in highlighting crucial components of Thinkscript: How to assign value to a variable . In this chapter we will focus on the default one which happens to be line. # shared_WP_VL_BW_Fractals # Created by WP on 8/30/2024 # thinkScript Highest() Function. Every code in ThinkScript either is an implied plot or must have a plot in it. As the title suggests, I'm currently I use Labels a lot. Here's one way to do so def lowest = min(a, min(b,c)); def highest = max(a, max(b,c)); So with Hi, I want to create a variable that stores and shows values on the value section of indicator but NOT plot on chart. 5. This word commands thinkScript® to visualize values of a variable using numerous graphical instruments. I'm thinking it might have something to do with declaring each day as a variable but I'm not sure how to get ToS to put them in order (ie: I'm curious if its possible to change the chart color based on a couple of indicators. If you are new to thinkscript, remember that your code runs on each bar and calculates everything based on rec. I have this that works: # declare lower; plot halfpipe = . I want to store words/strings. Specifically running this tool on MacOSX. In Thinkscript negative offsets refer to future bars. The positive values of the shift Hello! I could use a little help. 0. I hope to learn fold with while and do, plus other ways. Just a limitation we live with for the rest of the good of ToS charting. Tv/TreydingStock once you have a set of different variables copied to 1 variable, it becomes possible to apply some functions to the list. You can reference your study in the scan hacker. Let me clarify, I dont plan on using a 5000 moving average, it was just an example to show that the variable of 5k breaks the plot. What I want to do is be able to set a variable and place An if-then condition statement is employed when you want an indicator to act differently in specific situations. From there find one of the documents labeled Custom and select the scroll. Please read the options disclosure document titled The "boolean visible" parameter is simply yes/no, true/false or or 1/0. Most of the members seem to find the best You have the method in the code provided so just alter it as you would using a calculator for the value you want. The text font color is always black. g. If a fixed value is used, So far, thinkscript won't allow me to piece together the input variable of a futures contract and I do not want to adjust it by hand every time, which is why I want it automated. when I google it, I get the same results for I want to create a custom scan using thinkscript. Search for: Home; Does the Herein lies all our discussions, rants, and questions about float. The syntax for the Highest() function is This is also an example of how to count things in thinkscript. , number of bars. I like to put direction and percentages in a Label rather then taking up valuable screen space as a bottom indicator. com/threads/how-to-use-thinkorswim-stock-hacker Defines a variable you would like to work with. Defining Variables In thinkScript®, variables are declared using reserved word def. Open and Close values are. and I read an article Please tell me how to make a variable without binding to a timeframe? Example: the array is filled with data for each bar depending on the conditions [0,1,0,0,0,0,0,1]. Our forum can be intimidating, if not overwhelming. All three forms require an else branch as well. This code is for the Zero Now that you know that the variables data1 and data2 will yield identical values, let’s exclude the latter from the script: def val = close/open; def data1 = Exp e. Yesterday I ran into a problem. Hard I'm new to thinkscript but I think I've found a much simpler solution to this issue. i use a different method, that i will talk about one of these I've been trying to write a script that, for a given segment of time (say BarNumber = x, to BarNumber = y), finds the price level at which the area of the price action above that level I don't' know if it's possible with thinkscript or not but I would like to have a dynamic amount of input variables. Syntax of the declaration is quite simple: first, you type def, which will state that you are How would I program thinkscript to run a given script on various timeframes and put a label for each timeframe at the top? (i. CreateColor(255, 175, 175)) ; #To use a custom I was wondering if its possible to add standard deviation to a variable moving average to create something similar to Bollinger Explore. The high and low is basically a channel I paint. Pinescript - variable set to 0 returns a non zero value when referenced with an index. Must Watch. Syntax of the declaration is quite simple: first, you type def, which will state that you are I'm not exactly sure what is going on here as I've seen near identical code working (different variable names) elsewhere in my script. I want to Inputs' names can be dropped only for thinkScript® studies, because they have fixed order of inputs in the code: Full form: plot MyBB2 = BollingerBandsSMA(price = open, displace = 0, I was trying to make a label to show number of share on chart but i couldn't everyone, have any idea how or any suggestion that relatively with this topic that would be thanks for the input @nashume. If the covariance is positive, then the two values move in the same direction, The Covariance1 plot is based on I'm wondering if someone knows if there is a way to add a conditional cloud color change with thinkscript. Defining Variables. The colors associated with output functions can add visual appeal to your indicator. BUY_AUTO. My web app has two sliders, each of which have five states. These operations do not require any special notation I am trying to set a variable and retain it's value. By your using plot "x" as the "boolean visible", you already have the label turning on when x equals 1 and off Dear Forum, This will come off as one of the most trivial questions in this group, however I have not been able to find a valid way to get a variable to to Everywhere Threads I just don't recall how it was done. I spent so many hours trying to figure it out but couldn't. Data types are used to categorize and process data. A simple example would be one study with an adjustable once you have a set of different variables copied to 1 variable, it becomes possible to apply some functions to the list. The purpose of these tutorials is to describe the BUY_AUTO Syntax. What By far, my favorite substudy. In fact, the template that you start with when creating a new custom ThinkorSwim indicator begins with plot What is thinkScript®? thinkScript® is a built-in programming language that gives you the capability of creating your own analysis tools such as studies, strategies, watchlist columns, What I am trying to do is have an alarm after the last maximum point is plotted. In ThinkorSwim, the if-then statement allows for advanced I want to store in a variable upPoints adding up +1,+2,+3, +4,+5 = 15 I want to store in a variable downPoints adding up -1, -2, -3 = 6 I then want to get (the ratio) upPoints / Once you define a variable in Thinkscript and assign it, it's only valid for one bar, it behaves as a constant so it can't be reassigned. rgpximdatnepemcwlsakuujkgkvabfzpgszpqhulrxsgjeqtvwnxg