1. BenTen

    Traders Dynamic Index (TDI) Indicator for ThinkorSwim

    thinkScript Code # LS_TradersDynamIcIndex_long # Traders Dynamic Index # 2 smoothed RSIs Plotted on OverBought / OverSold Grid # with Bollinger Band of unsmoothed RSIs declare lower; input averageType = {default SMA, EMA}; # RSI (Relative Strength Index)==================== input Period =...
  2. horserider

    Multiple Time Frame (MTF) RSI Indicator for ThinkorSwim

    Chart time frame plus choice of 2 additional time frames RSI. Cloud between chart time frame RSI and next highest time frame RSI. User can input two higher time frames. Make sure higher time frames are higher than chart time frame. #MTF RSI Three standard ToS RSI studies with a choice of time...
  3. horserider

    Z-Score Distance From VWAP for ThinkorSwim

    As asked for, here is the VWAP deviations in several forms, including Z-Score distance from VWAP, lower studies, and more. Pink is VWAP and Cyan is 200 period Std Dev # # TD Ameritrade IP Company, Inc. (c) 2018-2019 # input length = 200; def zeros = vwap -vwap[2]; def filter = reference...
  4. BenTen

    Hima Reddy RSI Power Zones Indicator for ThinkorSwim

    This is a repost from the Yahoo's thinkScript group. thinkScript Code #-----------------------------# # ---- By Syracusepro ----# declare lower; #A: With RSI on a 14 period setting (this is crucial!) #Bull Resistance Power Zone = 80 to 90 #Bear Resistance Power Zone = 55 to 65 #Bull...
  5. horserider

    Ultimate MACD Indicator for ThinkorSwim

    Here is a MACD indicator for ThinkorSwim. It uses a color coded MACD line to show changes. There is a moving average of the MACD signal line. And MACD bands to show volatility. The signal would be the cross of MACD (Green/RED) and signal line (White). A photo is also below to give tips on...
  6. horserider

    Multi-TimeFrame (MTF) MACD Indicator for ThinkorSwim

    Here is the Multi Timeframe MACD indicator for ThinkorSwim to plot the MACD from a higher timeframe onto a lower timeframe. Came up in Discord so thought I would put it here also. declare lower; input midTermPeriod = {"1 min", "3 min", "5 min", "15 min", "30 min", "60 min", "120 min", "Daily"...
  7. horserider

    Ultimate RSI Indicator for ThinkorSwim

    A double RSI indicator with standard deviation bands of the RSI. The very important RSI 50 line and coloring of the RSI lines for strength and weakness with a could to show when the two RSI lines separate. This would indicate a stronger move. The Midline of the RSI bands works the same as the...
  8. markos

    Fractal Energy (FE) or Fractal Linear Energy (FLE) aka Chop Index for ThinkorSwim

    Name this Study "FractalEnergy" in ToS https://tos.mx/b5pYH5 # Attributed to Doc Severson & Mobius at Theotrade 2017. # The Choppiness Index was created by Australian commodity trader E.W. Dreiss.# # Name this Study "FractalEnergy" in ToS declare lower; input Period = 14; input l2 =...
  9. BenTen

    MACD with Bollinger Bands Indicator for ThinkorSwim

    This indicator (most people called it MACD BB) plots MACD along with the Bollinger Bands as a lower study on your ThinkorSwim chart. The usage is fairly simple and up for interpretation. You can use it to identify short term trends or search for squeeze. thinkScript Code # TS_MACD_BB # By...
  10. BenTen

    MoneyWave Stochastic Indicator for ThinkorSwim

    MoneyWave is a modified version of the Slow Stochastic Oscillator. It's a momentum indicator that shows overbought and oversold levels. %K has been changed to 13 and %D has been changed to 3. Notes: When the FastLine is above 80, it indicates the stock is currently overbought (red line) When...
  11. BenTen

    WaveTrend Oscillator for ThinkorSwim [LazyBear]

    Here's the WaveTrend Oscillator script for ThinkorSwim. Came LazyBear over at TradingView version that was ported from TS/MT, also known as "The Perfect Leading Indicator." According to the Forex indicator: A Buy signal is generated based on the oscillator crosses above the signal while below...
  12. BenTen

    Momentum Oscillator with Volatility Squeeze for ThinkorSwim

    One script but two indicators. A momentum oscillator with volatility squeeze created by Mobius. Here are his notes: thinkScript Code # Momentum Oscillator with Volatility Squeeze # Mobius # V01.06.2013 declare lower; input MDetrend = 8; #hint MDetrend: Look-back period for Momentum...
  13. BenTen

    Advanced Market Forecast Indicator & Scanner for ThinkorSwim

    The Advanced Market Forecast indicator is a powerful tool that offers near term trend, intermediate, and momentum oscillator for ThinkorSwim. Similar to RSI and MFI, there will be levels of overbought and oversold. When the stock reaches these levels with the right confirmation, traders can...
  14. BenTen

    Moving Average Crossover RSI Indicator for ThinkorSwim

    This script plot the 5 SMA (Simple Moving Average) of the RSI (Relative Strength Index) inside the default RSI indicator. Inspired by the Thandicator by Thanson Stevens on TradingView. thinkScript Code # # TD Ameritrade IP Company, Inc. (c) 2007-2019 # Tweaked by @korygill #...
  15. markos

    RSI Laguerre with Fractal Energy for ThinkorSwim

    Mobius' notes: RSI Laguerre is one of the all time favorites in the opinion of many in The Thinkscript Lounge. TheoTrade has a YouTube video on this with "indicator finds tops and bottoms" in the description. Alerts are baked into the new (7-14-19) version below!! # RSI-Laguerre Self...
  16. BenTen

    Bullish and Bearish Momentum Oscillator for ThinkorSwim

    Here is the Triple EMA & Std Dev indicator for ThinkorSwim that shows when a stock is in overbought, oversold, bearish, and bullish areas. Notes: The top red line indicates overbought level The bottom red line indicates oversold level Center yellow line is your midline Above mid-line is...
  17. markos

    TMO with Higher Agg_Mobius @ TSL

    I use a separate daily and weekly lower study with this below. It has served me better than most indicators I have tried over the past 20 years or more. OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius Archive Section: Momentum Suggested Tos Name...
  18. BenTen

    Rahul Mohindar Oscillator (RMO) Indicator for ThinkorSwim

    # from TOS Yahoo Groups declare lower; Plot RMOSW2 = ExpAverage(100 * (Close - ((SimplemovingAvg(Close, 2) + SimplemovingAvg(SimplemovingAvg(Close, 2), 2) + SimplemovingAvg(SimplemovingAvg(SimplemovingAvg(Close, 2), 2), 2) +...
  19. netarchitech

    Sell Relative Strength Index (sRSI) Indicator for ThinkorSwim

    I'm trying to convert a Tradestation ELS into Thinkscript. Here is the Tradestation code: inputs: Length(20); vars: srsi(0), srsin(0), k(0); srsin = 0; For k = 0 to Length - 1 Begin Value1 = absvalue(close[k] - open[k]; Value2 = absvalue(high[k] - low[k]; If value2 = 0 then value3 = 0 Else...
  20. tenacity11

    Archived: TMO True Momentum Oscillator

    @markos This looks like a good fit with the RSI Laguerre. Definitely worth testing. Thanks for the heads up on the combo.

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.