usethinkscript regression channel

Or it may be a more complicated fold such as: fold i = 0 to 100 with price = Double.NaN while !IsNaN(price) do if getValue(high, -i) > 40 then getValue(high, -i) else Double.NaN; This finds the next high price value greater than 40 among the following 100 bars and terminates looping if price is no longer a number. If the index was to be 1 thru 10, the current value of price would not be included in the average because the first value would be price[1]. addlabel(yes,"Vol as % of " + VolAvgLength + " agg-bar avg volume = " + aspercent(Round(data,2)),if data < 0 then color.RED else color.GREEN); #hint: Plots: 1. TD Ameritrade, Inc., memberFINRA/SIPC, a subsidiary of The Charles Schwab Corporation. A swing low is the lowest low looking a few bars back and a few bars forward. CustomColor color' defines the background color of the label box. PolarizedFractalEfficiency_SFL . However, there are keyboard hotkeys that facilitate editing activities. The defaults parameters are price = close, length1 = 15, length2 = 30. def crossingover = close("Greatest Show Ever! The choices include other than price items such as volume and 'imp volatility'. plot MA50 = MovAvg50; Defines the algorithm to calculate the distance at which the lines are plotted: Standard deviation(standard deviation of price), Standard error(standard deviation between price and regression line), Equidistributed deviation (average deviation between price and regression line), Raff channels (maximum deviation between price and regression line), Raff channels high/low (maximum deviation between high/low and regression line) , or Segment high/low (deviation between maximum high/minimum low and regression line). the liberty to include TOS-platform-features that are not only script snippets but def = becomes Plot =. The boxes are based on % moves for the day and the % can be adjusted. This example will specify all parameters to avoid confusion. Editing existing studies does not have the wizard accessible but the wizard in the following picture can be used and the wizard result can be copied for pasting in the existing study editing. GetDay, GetWeek, GetMonth and GetYear all relate to the CURRENT BAR and return values that relate to the ENTIRE YEAR: i.e. 'Pre-defined' and 'built-in' are synonymous when referring to studies that are provided by TOS within the program. A distance of +/- 2 SD from the average will include 95% of the 100 datapoints(0.95 X 100 = 95). Dynamic scans are particularly vulnerable and will become ineffective if a custom referenced study is renamed. Perhaps this document can, more appropriately, A nesting (putting ifs within ifs) example, in the recommended layout for easy reading, is: Note that the last 'else open' relates to the 'if close > open' and applies when the intermediate 'else-if close = open' is not true. AddLabel(1, "Input price choice = " + (if price == close then "close" The code is duplicated below: SLOPE OF AN AVERAGE herein shows how to reteieve the literal of 'AverageType' choices in a label. AddLabel(yes, "Current True Range is " + AsDollars(TrueRange(high, close, low)),color.cyan); AddLabel(yes, "10 period SMA of Close price using 1/32nds price notation (XXXYYZ) = "+ AsPrice(Average(close, 10)),color.cyan); Comments: The 11 choices of Price are close, high, hl2, hlc3, imp_volatility, low, ohlc4, open, open_interest, volume, vwap. Color.Light_green else Color.Light_red); Questions No other changes, except that I added Bitcoin to the test group. This is known as the bearish regression channel. https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/. In this case, the if-expression would be used. "DI-" > DMI. calendar (not trading) days from an inputted date\n This works only on a lower plot and not for HA and EquiVolume charts., Input DaysToPlot = 20;#hint DaysToPlot: the number of calendar days to plot. The if-expression will have only one semi-colon that will terminate the entire expression, regardless of the complexity. Example 11 #hint: Uses the DMI to scan the up-trending ADX, Example 12 # by Pacodeveux in Mr. Comment: Use the DMI along with the ADX. You may find these especially beneficial to learn and comfortably use them. else' format. Comment: If the above code was in a saved study named 'MyPriceTrend', you would run it by entering the following code in the custom scan location. "Span A", Ichimoku(). It is similar to the Market Forecast. input time = 1000;#hint time:Time to place the arrow at. Set this property to "On" to extend the regression channel all the way to the right. The condition is always in a 'if. SecondsFromTime and SecondsTillTime use a HHMM format. be call an 'Almanac'. case decrease: This is very handy when referring to an input whose value choices are 'yes' or 'no'. The reverse is also true when desired arrows do not exist because a condition is not being triggered. This defines how many times the fold calculation loops on each bar. def crossingdown = price crosses below avg; def TwelveOclock = secondsFromTime(1200) > 0; Usage example: You may have a stock plotted on the upper panel:Say an oil company, CVX. To plot the swing high you could code it like this: This would paint a dot on all the swing highs, and nothing everywhere else. "Upper_Band" and level = 0; VolPct.hide(); can be over-ridden by the edit-studies check boxes If you do nt distinguish which you want like Harami() the default bearish Harami will be returned. To make an 'Info Bubble' for a study and strategy: Above the code lines, place #hint: ???????? I find that frequently changing the timeframe of charts is much easier to read when I have vertical lines as market start and end times. This provides a ready place to go to to get the code words to paste. else if price == volume then "The price-variable selected is Volume = " + Round(volume,0) Reference: [See Index Colors]https://tlc.thinkorswim.com/center/charting/thinkscript/reference/Functions/Look---Feel/GetColor.html. else if price == VWAP then "VWAP" GetYYYYMMDD() is the most frequently used. }. ADX(). This one doesnt care if the close is above the 200-day MA as long as EITHER the close is above the 200-day MA OR the 200-day MA is bracketed. Returns the date of the current bar. plot Vol = volume; Plots a straight linear regression line for whichever of the eleven choices you have selected. The above reads 'scan for when the 15 bar exponential moving average crosses above the close'. TOS has also assigned names to 23 colors per the following: Reference: [See all color constants](https://www.thinkorswim.com/tos/thinkScriptHelp.jsp?laf=dark#constants). Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Example 5: Uses sum to look for a divergence. The AddChart function is unsupported in TOS, Hence there is no documentation to support its use and color formatting. Draws the linear regression curve using the least-squares method to approximate data for each set of bars defined by the length parameter. We'll run it in the context of three different indicators. Vol.DefineColor("Down", Color.DOWNTICK); Plot data2 = If Last90Days then close else double.nan; ======= DaysFromDate & GetYyyyMmDd() & getDayOfWeek ========, ======= DaysFromDate & GetMonth & GetDayOfMonth & GetYyyyMmDd() ========, ======= GetMonth & GetDayOfMonth & GetYyyyMmDd() ========. This feature enables you to view price as percentage values in lieu of dollars. The Learning Centers 'charting/ThinkScript' ( Click here to see it ) is a must read for all newcomers to ThinkScript. declare upper; There are times when a label interferes with the top of a plotted charts data. The calculation for the percentage shown is: (current price close price of 0%-selected-bar) / close price of 0%-selected-bar * 100. For coding related to the day of week (Monday, Tuesday, etc.) Compare the two. AddLabel(1, "Green is HH cloud", Color.GREEN); This scan does a good job finding stocks that are tanking! Likewise for 'Bell curve'. The resulting swing will be more significant, but the signal comes 3 bars after the fact. Perhaps you can do that with the title of the custom column. Vary the "width of channel" and length to suit your own preferences. That scenario gave rise to a request for a custom column that tells the minutes since a stock made a turn up. Join this channel to get access to the perks:https://www.youtube.com/channel/UCCWi3hpnq_Pe03nGxuS7isg/join If the difference (B4 - NOW) is negative the percent is also negative i.e. When it turns green you are in the safe zone. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. On my 3 minute or 5 minutes futures charts, I use the same settings except for one, the second to the last choice for slowing period1 I use 9 instead of 24. Comment: You have a watchlist in either the left-hand panel or in 'Market Watch/Quotes'. There are two way to compose this text using 'concat' or '+' syntax(known as the string concatenation symbol). useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. You need to figure out how many times "fold" needs to repeat itself, OR at what value it is going to stop churning away. If you wanted to extend the swing check to 3 bars before and after, you would add the checks for a high > high[3] and high > high [-3]. Each non-builtin indicator will be listed in this Snippet Collection. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. I have it at settings that showed extremes for when to consider scale in for reversals, which I would like to note, may also help out the shorter time frame strategy by helping show areas of extremes when to stop entering trades long or short in areas of over-extension. Set agg = day. def close1 = First(price);#Defines the first bar value. An example is: def SlowK = StochasticSlow( 80, 20, 10, 10, high, low, close, "SMA" ).SlowK; Note that you cannot omit any intermediate values or modify their positions. VolAlert.SetPaintingStrategy( PaintingStrategy.ARROW_UP); The default parameters are KPeriod = 14. Traders of . However, there are unintended consequences as shown below in this 'edit studies' screen. def = fold = to [ with [ = ] ] [ while ] do ; Each component of the fold function will be explained separately. Defines whether to always show the label at the specified position, or on mouse hover only, or to hide it completely. "Advance/Decline Line (Breadth)" then "Advance/Decline Line (Breadth)" If you want to find something, enter what you want into the 'find' tool of the PDF reader and it will navigate you to the possible matches. Comment: This illustrates how to plot a study (MarketForecast) by reference. REMEMBER THAT DATE/TIME FUNCTIONS RELATE TO A BAR ON A CHART. A linear regression channel is a representation of trend direction and volatility. Note that the variable designations (n, s, i and t) cannot be duplicated in the folds. Hence, this section will be as thorough as possible with many examples to illustrate their usage. Clicking the 'finger up pointer' as shown below: Clicking 'style' then 'Chart Scale' to bring up the same menu as above. For a better experience, please enable JavaScript in your browser before proceeding. onceperchartdown.setLineWeight(3); Otherwise it is false (0). Also multiple conditions such as HiTrue && LoTrue should be within parenthesis like (HiTrue && LoTrue).To illustrate this, a right and wrong is shown below: Addlabel(yes,"Exit = Stop Loss @ 10% of ADR = " + 0.10 * ManADR ,color.PINK); See also LITERAL TEXT IN LABEL FOR THE 11 CHOICES OF INPUT PRICE and C-% CHANGE OF THE FIRST BAR VALUE and C-ADD AN INDEX OR FUTURE LOWER CHART for examples of putting drop-down literals into label text. Note: this action will not recalculate the whole channel, but just extend the existing lines. Note the overbought and oversold levels are predefine as 80/20 respectively and cant be changed when using this crossover study. Specify the threshold for the overbought-oversold value desired. Comment: This is a good example illustrating the use of the Assert function. crossdown.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down); How to Install thinkScripts and ThinkOrSwim Downloads - First Things First To install ThinkOrSwim downloads and indicators from these links, there are 2 options: either click the link and then the green button on the next page, OR simply copy the link, select "Setup" on the upper right of your ThinkOrSwim application, and select "Open shared item" If the close is not greater than the open and the close does not equal the open, then plot the open. Hence being familar with what is available herein, will enhance recall when needed. Comment: The DMI is a price momentum indicator that is the driving force for the ADX trend indicator. The default is length = 14. "Advance/Decline Ratio", "Advance/Decline Spread (Issues)", "Absolute Breadth Index"}; input exchange = {default NYSE, NASDAQ, AMEX}; switch (exchange) { crossup.setDefaultColor(color.light_green); Date/Time. Is the same as the LinearRegCh100 except that the upper and lower lines ar at 50% of the of the data difference from the centerline in lieu of 100%. def previousClose = if barNum == highestBar - 1 then close else Double.NaN; "Here is the code for my favorite indicator. Here is how its done. input Mkt_Start = 0930;#hint Mkt_Start:Show market start time e.g. to get the daily value of Implied Volatility: Comment:The reference for 'The Market Forecast' concept is www.themarketforecast.com/index.html. "Absolute Breadth Index" then "Absolute Breadth Index" This shows the construct for a 'def count' variable and def Change = (price / price[length] - 1); Plot PctChange = 100 * change; You may find any color at. def x = 1+GapPct/100; # factor for above 100 % scan.SetDefaultColor(Color.White); Fold will normally work in a scan and custom columns. A very common way of specifying the secondary aggregation is: def Agg = AggregationPeriod.FIFTEEN_MIN;# Use the desired constant to specify the time LRC (Linear Regression Channel) Easily Detect Entry and Exit Signals as Price Moves Within the Channel x Stealth Traders - LRC (Linear Regression Channel) Indicator Watch on x Linear regression is a mathematical and statistical model for determining the trend of data points and predicting future data points. The below picture illustrates doing this. Occasionally this color is hard to read if it is close to your screens background color. Comment:The following code plots when a cluster exists in the above code. "DI+"; #MomentumCrossover: Scans for the Momentum crosses the zero line. Otherwise, you may not get an error but an 'ifthenelse' statement may not print. For example, if you want to count the number of days that have risen 1%, you would substitute the term 'close > open' with '(close/close[1] > 1.01) '. I will be watching this forum to see what ideas are also thrown out to your original strategy as well. There are some studies that have numerous plots. Comparison to another stock, index or any instrument having a symbol. You may add these info bubbles to your studies. Flood Information. In the left panel: In the left panel In the Market Watch/Quotes In the Market Watch/Quotes. plot AD = if !IsNaN(close) then advnDecl else Double.NaN; Includes a scanner to find patterns that are setting up. MACD and is included here for that reason. Studies may have a single plot or multiple plots: ' StochasticSlow' has four plots named SlowK, SlowD, OverBought and OverSold. else if price == high then "The price-variable selected is high = " + Round(high,2) So when is it needed? There are many instances when the built-in studies are copied and reused so you may add your own features be they technical or just look-and-feel coloring. If you compare this to the LinearRegCurve be sure to use the same number of bars input for each study. This version allows the user to define the 'percentage-distance-from-the-centerline' of the upper and lower lines. To reset the chart to the original first bars close, right click on the zero percent level line and choose 'Reset to default 0% level'.

Vicroads Exemption Application, Articles U