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Big Mike's Trading Forum > Trading Forums > Platforms and Indicators > ThinkOrSwim > ThinkOrSwim Programming

Help with very basic ThinkScript Strategy

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Help with very basic ThinkScript Strategy

Started:

November 28th, 2011 (02:55 PM) by snipsta

Views / Replies:

2,530 / 6

Last Reply:

August 6th, 2013 (09:52 PM)

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Help with very basic ThinkScript Strategy

November 28th, 2011, 02:55 PM

#1 (permalink)

snipsta

Help with very basic ThinkScript Strategy

Trading Apprentice
Tampa,Florida

Hello,

Trading Experience: Intermediate

Platform: ThinkorSwim
Favorite Instrument: Stocks/Options
Posts: 2 since Nov 2011
Thanks: 0 given, 0 received

I am new to this forum and thinkscript but I am picking it up quick as I have prior programming experience. I'm trying to create a
basic strategy with the criteria shown below. I created the code off a modified version of the parabolicsarcrossover study so I am
confused why this is not working. No plot is being shown even though I can see this criteria occurring by manually looking at the
daily. My code to date is shown below each criteria. Any assistance is appreciated. Thank you
Long Entry (Daily chart, market hours)
----Parabolic SAR(.02,.2) becomes bullish
-MACD(12,26,9,EMA) crosses above 0

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2 of 4

https://www.bigmiketrading.com/thinkorswim-programming/15544-help-...

Code

###########
declare LONG_ENTRY;
input opentime = 0930;
input closetime = 1600;
# Only enter during market hours:
#
def AP = getAggregationPeriod();
def daily = if AP >= aggregationPeriod.DAY then 1 else 0;
def isopen = if daily then 1 else if secondsFromTime(opentime) >= 0 and secondsTillTime(closetime) >= 0 then 1 else 0;
input accelerationFactor = 0.02;
input accelerationLimit = 0.2;
input crossingType = {default Bullish, Bearish};
def sar = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);
def psarcrossover = if crosses(sar, close, CrossingType == CrossingType.Bullish) then 1 else 0;
def macdCrossover = if Crosses(MACDHistogram(12, 26, 9, "EMA"), 0, crossingdirection.above) then 1 else 0;
def total = psarcrossover + macdCrossover;
def trigger = if total == 2 then 1 else 0;
def price = close;
addOrder(trigger, price);
# Formatting:
#
SetColor(color.green);

Long Close (Daily chart, market hours)

--Parabolic SAR(.02,.2) becomes bearish
-MACD(12,26,9,EMA) crosses below 0

Code

###########
declare LONG_EXIT;
input opentime = 0930;
input closetime = 1600;
# Only enter during market hours:
#
def AP = getAggregationPeriod();
def daily = if AP >= aggregationPeriod.DAY then 1 else 0;
def isopen = if daily then 1 else if secondsFromTime(opentime) >= 0 and secondsTillTime(closetime) >= 0 then 1 else 0;
input accelerationFactor = 0.02;
input accelerationLimit = 0.2;
input crossingType = {default Bearish, Bullish};
def sar = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);
def psarcrossover = if crosses(sar, close, CrossingType == CrossingType.Bearish) then 1 else 0;
def macdCrossover = if Crosses(MACDHistogram(12, 26, 9, "EMA"), 0, crossingdirection.below) then 1 else 0;
def total = psarcrossover + macdCrossover;
def trigger = if total == 2 then 1 else 0;
def price = close;
addOrder(trigger, price);
# Formatting:
#
SetColor(color.red);

November 28th, 2011, 03:05 PM

Cloudy
trade2winmils
desert CA

#2 (permalink)

Last I checked which was about a few months ago, strategies, while being able to be parsed in Thinkscript, still doesn't work on
TOS. The development resources seemed to have moved on to Prodigio.

Trading Experience: Beginner

Platform: NT7, ThinkOrSwim
Broker/Data: AMP/Commodity Quote
Graphics (CQG), TDAmeritrade
Favorite Instrument: CL, 6E, 6J, stock
options

Posts: 1,771 since Jul 2011

Thanks: 1,848 given, 1,273 received

4/20/2014 11:08 PM

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https://www.bigmiketrading.com/thinkorswim-programming/15544-help-...

November 28th, 2011, 03:09 PM

#3 (permalink)

snipsta
Trading Apprentice
Tampa,Florida
Trading Experience: Intermediate
Platform: ThinkorSwim
Favorite Instrument: Stocks/Options

Cloudy
Last I checked which was about a few months ago, strategies, while
being able to be parsed in Thinkscript, still doesn't work on TOS. The
development resources seemed to have moved on to Prodigio.

Posts: 2 since Nov 2011

Thanks: 0 given, 0 received

First off, thanks for the extremely quick reply. While I am new to TOS I have
created/modified some other very basic strategies and they seem to work fine. I
believe my problem is with the syntax of the parabolic sar as I have created
strategies with the MACD with no problems.

November 29th, 2011, 05:55 AM

Cloudy

#4 (permalink)

Your welcome. Nice to hear strategies are working now, thanks. I may take a look sometime and try out what you posted.

trade2winmils
desert CA
Last edited by Cloudy; November 29th, 2011 at 06:09 AM.
Trading Experience: Beginner
Platform: NT7, ThinkOrSwim
Broker/Data: AMP/Commodity Quote
Graphics (CQG), TDAmeritrade
Favorite Instrument: CL, 6E, 6J, stock
options

Posts: 1,771 since Jul 2011

Thanks: 1,848 given, 1,273 received

January 13th, 2013, 06:58 PM

abooter69

#5 (permalink)

might try adding these....

Trading Apprentice
Las Vegas, nv
Trading Experience: Beginner
Platform: thinkorswim
Favorite Instrument: Free Money

AddOrder(OrderType.BUY_AUTO,trigger name, no, tickcolor = GetColor(1), arrowcolor = GetColor(6), name = "BUY");

AddOrder(OrderType.SELL_AUTO,trigger name, no, tickcolor = GetColor(1), arrowcolor = GetColor(5), name = "SELL");

Posts: 1 since Dec 2012

Thanks: 0 given, 0 received

March 23rd, 2013, 05:31 AM

RedK
Knowledge Seeker
Dubai, UAE
Trading Experience: Intermediate
Platform: TOS, TradeStation
Broker/Data: OX, TradeStation
Favorite Instrument: Stocks & Basic
Options

#6 (permalink)

took a quick look and I don't like this line:

def psarcrossover = if crosses(sar, close, CrossingType == CrossingType.Bearish) then 1 else 0;
CrossingType is an enumerated variable (like an array basically), you assign its value in the study settings, but then pass it to the
crosses() function.. and it will not mean anything to it, where it expects an actual direction (Above, Below)? would be surprised if
that line doesn't produce a script error.. but that's where I would look to change. the next line to it sounds OK.
hope this helps,
K

Posts: 167 since May 2012

Thanks: 44 given, 127 received

August 6th, 2013, 09:52 PM

#7 (permalink)

4/20/2014 11:08 PM

Help with very basic ThinkScript Strategy - ThinkOrSwim Programming |...

4 of 4

https://www.bigmiketrading.com/thinkorswim-programming/15544-help-...

Cloudy
trade2winmils
desert CA

Cloudy

Trading Experience: Beginner

Platform: NT7, ThinkOrSwim
Broker/Data: AMP/Commodity Quote
Graphics (CQG), TDAmeritrade
Favorite Instrument: CL, 6E, 6J, stock
options

Your welcome. Nice to hear strategies are working now, thanks. I may take a look sometime and try out what you
posted.

my post later

Posts: 1,771 since Jul 2011

Thanks: 1,848 given, 1,273 received

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thinkorswim, thinkscript, time, tos, trade, variable

Big Mike's Trading Forum > Trading Forums > Platforms and Indicators > ThinkOrSwim > ThinkOrSwim Programming > Help with very basic ThinkScript Strategy
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