Bid Ask Labels For ThinkOrSwim

raj2ras

New member
I am new to thinkScript. Is it possible to get the bid ask spread as a label on a daily chart?

Thank you in advance
 

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@raj2ras The following is a snippet of code from one of my regularly used Studies, edited to your request...

Ruby:
def bid = close(priceType = PriceType.BID);
def ask = close(priceType = PriceType.ASK);

AddLabel(yes, "Bid: " + Round(bid, 2), Color.GRAY);
AddLabel(yes, "Ask: " + Round(ask, 2), Color.GRAY);
AddLabel(yes, "BA/2: " + Round((bid + ask) / 2, 2), Color.GRAY);
 
#Bid, Ask, Spreads Label
input limit = 0.09;
def priceB = close(priceType = PriceType.BID);
def priceA = close(priceType = PriceType.ASK);
AddLabel(yes, Concat("Bid: ", priceB), Color.WHITE);
AddLabel(yes, Concat("Ask: ", priceA), Color.WHITE);
AddLabel(yes, Concat("Spread: ", priceA - priceB), if priceA - priceB > limit then Color.RED else Color.WHITE);
 
Last edited by a moderator:
My label boxes on the chart do not show the actual bid and ask prices for lower time frames less than 4 Hours.
What could be the reason for this?
Thanks.

Update:
my message was incorrect. It should have read:
My label boxes on the chart do not show the actual bid and ask prices for time frames of 4 hours or greater than 4 Hours. Time frames below 4 hours are OK.
What could be the reason for this?
I am not paper trading.
Thanks. I very much appreciate your help and your contributions to the site.
 
Last edited by a moderator:
Haven't had any reported issues with the code. Are you maybe paper trading? Have you tried reinstalling making sure to copy entire code?
#Bid, Ask, Spreads Label
input limit = 0.09;
def priceB = close(priceType = PriceType.BID);
def priceA = close(priceType = PriceType.ASK);
AddLabel(yes, Concat("Bid: ", priceB), Color.WHITE);
AddLabel(yes, Concat("Ask: ", priceA), Color.WHITE);
AddLabel(yes, Concat("Spread: ", priceA - priceB), if priceA - priceB > limit then Color.RED else Color.WHITE);

Are you able to use this in a scanner? Would like to thin the heard if possible?
 
My label boxes on the chart do not show the actual bid and ask prices for time frames of 4 hours or greater than 4 Hours.
@UpTwoBucks

You didn't provide enough information to say where you went astray.
If I was to hazard a wild guess. I would say that your chart time interval is too high.

Bid and Ask price types are only supported on intraday charts with time interval not greater than 15 days.
https://tlc.thinkorswim.com/center/reference/thinkScript/Constants/PriceType/PriceType-ASK
 

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