![thinkorswim indicators thinkorswim indicators](https://i.ytimg.com/vi/-8KMTQx0bsI/maxresdefault.jpg)
Green on Top = Keep your long until you get a Red on top signal. This is a nice Buy/Sell indicator that will give you good signals. Look at the Red/Green dots on the candle chart.
![thinkorswim indicators thinkorswim indicators](https://fiverr-res.cloudinary.com/images/q_auto,f_auto/gigs/171020654/original/6865399b315f1d3d1e307c68d9f1f3cf542ec0cc/code-any-thinkorswim-thinkscript-indicator.png)
Volume.AssignValueColor(if volume >= max_distday then lor("Positive") else lor("Negative")) Volume.DefineColor("Negative", Color.DOWNTICK) Volume.DefineColor("Positive", Color.UPTICK)
![thinkorswim indicators thinkorswim indicators](https://i2.wp.com/thinkorswim.net/wp-content/uploads/weis-wave-volume-indicator-thinkorswim-without-bubbles.png)
Volume.SetPaintingStrategy(PaintingStrategy.HISTOGRAM) DMI(positive) is Green, DMI(Negative) is Red, and MACD is painted as a Histogram. You can see ADX is colored White, and also ADX Average is colored Yellow. Change the input value invertNegMACD = Yes to see a more visual picture of MACD. Try this combination and see how you like it. Indicator 1 HVIV Historical and Implied Volatility. Feel free to share this post and the codes with a link back to ThetaTrend.
#Thinkorswim indicators code#
Many times a combination of indicators can shead more light on price movement. ThinkOrSwim users will be able to copy and paste the code into a custom study. Sixfifteen.SetDefaultColor(Color.Yellow) Plot zw = ExpAverage(data = close("$advn"), length = 10 ) /( ExpAverage(data=close("$advn"), length=10) + ExpAverage(data=close("$decn"), length = 10)) Zweig also points out that most bull markets begin with a Breadth Thrust.Ī weekly chart is best for this indicator. The average gain following these fourteen Thrusts was 24.6% in an average time-frame of eleven months. Zweig, there have only been fourteen Breadth Thrusts since 1945. A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought.
#Thinkorswim indicators plus#
The Breadth Thrust is calculated by dividing a 10-day exponential moving average of the number of advancing issues, by the number of advancing plus declining issues.Ī "Breadth Thrust" occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40% to above 61.5%. Martin Zweig, the Breadth Thrust Indicator measures market momentum. Plot InsideBar = if close reference SimpleMovingAvg(length=21),1,0)) ĭeveloped by Dr. I hope you don't mind me sharing a portion of it so all can learn. Return value true activates the Hide function, return value 0 does not activate it. So if(close > reference SimpleMovingAvg(length=21),1,0)) says that if close > SMA(21) then return true, else return false. tHiding( if(close > reference SimpleMovingAvg(length=21),1,0)) If the SMA(21) was less than the close of that bar it would print a point at the specified value. That would return the SMA value for that bar. I'm not sure if I understood exactly what my reader wanted to do but here is one example of leveraging TOS studies.