That’s a thinkScript library with quick definitions of each function. Note the menu of thinkScript commands and functions on the right-hand side of the editor window.
THINKORSWIM BUY SELL SIGNALS SCRIPT CODE
You can delete that code and start typing your own.įIGURE 1: thinkScript Editor in thinkorswim Charts. That opens up a thinkScript editor with default thinkScript code (figure 1).
Click on the “Create” button in the lower left-hand corner. Select “Edit Studies” in the new window that opens up. Think of accessing it the same way you’d add a technical study, because the thinkScript editor that lets you write the thinkScript code exists inside the Chart studies and Quotes page. ThinkScript is most frequently used on the Charts and the MarketWatch tabs. At the closing bell, this article is for regular people. Ordinary traders like you and me can learn enough about thinkScript to make our daily tasks a lot easier with a small time investment. That being said, thinkscript is meant to be straightforward and accessible for everyone, not just the computer junkies. If you’re so inclined, there's a whole world of customization available to you. Instead of forcing our platform and our users to use predefined everything-charts, alerts, scans, orders, columns-we expanded thinkScript's capability to customize the content and format of all of these tools. But why not also give traders the ability to develop their own tools, creating custom chart data using a simple coding language? With this lightning bolt of an idea, thinkScript was born.įrom there, the idea spread. Today, our programmers still write tools for our users. That was great for performance, but clunky for simpler ideas like “subtract the 10-day moving average from the 30-day moving average.” Originally, the development team wrote all these tools individually in the platform’s rather complex programming language. You can also script alerts for your TD Ameritrade mobile appsīack in the early days of thinkorswim ®, traders clamored for an ever-growing catalog of technical studies and strategy tests for their charts, each with their own preferred formats and inputs. Learn to use thinkScript for technical analysis, custom data, and backtesting. With thinkScript, ordinary traders can create their own custom charts and data.
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