ShadowTrader TICK VALUES & DISTRIBUTION thinkScript
ST Tick Values & Tick Distribution thinkScript
- Easy to read bubbles in upper left of your tick chart showing high and low values of the day
- Large current tick value bubble with green or red bar makes tracking tick easier
- Plot various markers on chart to show bars closing either above or below zero
- The exact same script Brad and Peter use on ShadowTrader SquawkBox
- See video below for how to insert and customize on your thinkorswim platform (easy!)
Your thinkscript is in the blue box below. Watch the video at right for detailed instructions on how to install and customize the Breadth Bubbles thinkScript on your thinkorswim platform
If you have any issues copying the code from the box below, ShadowTrader recommends trying it from a different browser.
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#Tick Values and Distribution Script
#Thank you to Justin Williams for coding this for ShadowTrader
#ShadowTrader (Copyright ShadowTrader), a division of ShadowTrader Technologies, LLC. 2017. All rights reserved. This ShadowTrader Script is for educational purposes only. ShadowTrader is not responsible for the use, functionality or the performance of this Script. This work is copyrighted by ShadowTrader and all rights of this work under the license are reserved. Use of the ShadowTrader licensed code is for private use only and any other use are prohibited. By exercising any of the rights herein, you are accepting the terms of this license. You have a non-exclusive right to use or alter the ShadowTrader code. Use of this ShadowTrader Script other than as provided for in this license is prohibited. Any redistribution is strictly prohibited and will be enforced.
input ShowDistArrows = yes;
input ShowCloud = no;
input UpThreshold = 1000;
input DownThreshold = -1000;
input DistArrowLevel = 1300;
input ShowHiLo = yes;
def Above = if close > UpThreshold then 1 else 0;
def Below = if close < DownThreshold then 1 else 0; plot pline; plot nline; pline = UpThreshold; nline = DownThreshold; pline.SetStyle(Curve.LONG_DASH); pline.SetDefaultColor(Color.RED); nline.SetStyle(Curve.LONG_DASH); nline.SetDefaultColor(Color.GREEN); Def cloudhigh = if ShowCloud then pline else Double.NaN; Def cloudlow = if ShowCloud then nline else Double.NaN; AddCloud (cloudhigh, cloudlow, Color.DARK_GRAY, Color.DARK_GRAY); AddLabel(ShowHiLo,“HI ”+AsText(high(“$TICK”, ”Day”, ”LAST”)), Color.ORANGE); AddLabel(ShowHiLo,“LO ”+AsText(low(“$TICK”, ”Day”, ”LAST”)), Color.ORANGE); AddLabel(close >= 0 and close <= UpThreshold,close+ ” ”,Color.GREEN);
AddLabel(close < 0 and close >= DownThreshold,close+ ” ”,Color.RED);
AddLabel(close > UpThreshold,”Above “+AsText(UpThreshold)+”! “+ close, Color.GREEN);
AddLabel(close < DownThreshold,”Below “+AsText(DownThreshold)+”! “+close, Color.RED);
#Distribution Function
def Less = If((close < 0), 1, 0); def Greater = If((close > 0), 1, 0);
def closeByPeriod = close(period = “DAY”)[-1];
def newDay = if !IsNaN(closeByPeriod) then 0 else 1;
plot DistributionUp;
plot DistributionDown;
if !IsNaN(close(period = “DAY”)[-1])
then {
DistributionUp = Double.NaN;
DistributionDown = Double.NaN;
} else {
DistributionUp = if newDay and ShowDistArrows and Greater then +DistArrowLevel else Double.NaN;
DistributionDown = if newDay and ShowDistArrows and Less then -DistArrowLevel else Double.NaN;
}
DistributionUp.SetStyle(Curve.POINTS);
DistributionUp.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
DistributionUp.SetDefaultColor(Color.GREEN);
DistributionUp.SetLineWeight(3);
DistributionDown.SetStyle(Curve.POINTS);
DistributionDown.SetPaintingStrategy(PaintingStrategy.LINE_VS_TRIANGLES);
DistributionDown.SetDefaultColor(Color.RED);
DistributionDown.SetLineWeight(3);
#ZeroLine
plot zeroline = 0;
zeroline.SetDefaultColor(Color.CYAN);
zeroline.SetStyle(Curve.LONG_DASH);
zeroline.HideTitle();
zeroline.HideBubble();