ChatGPT, BARD, Other AI Scripts Which Can't Be Used In ThinkOrSwim

[MerryDay]

90% of the members attempting chatGPT scripting; do not provide good detailed specifications.

Members know what end result that they want but lack the ability to tell chatGPT, the step-by-step logic required to code a script to achieve that end result.
This results in chatGPT creating non-working garbage code.

Here is a video on how to successfully have chatGPT create functional scripts.

The above video, explains the basics of providing good specifications to AI which results in better scripts.

 

[halcyonguy]

Hello all,

I want to create an indicator that

1-Plots EMA13 (yellow, EMA 48 (purple), and EMA 200 (Red).
2-Displays Previous Day High, low, open and close level
3-Plots pre-market high and low
4-Adds label indicating whether price is above or below these key level
5-Suggest trade bias (call/puts) based on EMA positioning.

What I'm missing it is not plotting on TOS. THX

declare upper;
declare once_per_bar;

# Define EMA values
input EMA1 = 13;
input EMA2 = 48;
input EMA3 = 200;

def EMA_13 = ExpAverage(close, EMA1);
def EMA_48 = ExpAverage(close, EMA2);
def EMA_200 = ExpAverage(close, EMA3);

# Previous Day Levels
def prevHigh = high(period = "DAY" )[1];
def prevLow = low(period = "DAY" )[1];
def prevClose = close(period = "DAY" )[1];
def prevOpen = open(period = "DAY" )[1];

# Pre-Market High and Low (assumes extended hours enabled)
def preMarketHigh = high(period = AggregationPeriod.DAY, priceType = PriceType.LAST, extended = yes);
def preMarketLow = low(period = AggregationPeriod.DAY, priceType = PriceType.LAST, extended = yes);

# Define Colors
AssignPriceColor(if close > EMA_13 then Color.GREEN else Color.RED);

# Plot EMAs
plot pEMA_13 = EMA_13;
pEMA_13.SetDefaultColor(Color.YELLOW);
pEMA_13.SetLineWeight(2);

plot pEMA_48 = EMA_48;
pEMA_48.SetDefaultColor(Color.PURPLE);
pEMA_48.SetLineWeight(2);

plot pEMA_200 = EMA_200;
pEMA_200.SetDefaultColor(Color.RED);
pEMA_200.SetLineWeight(2);

# Plot previous day levels
plot pdHigh = prevHigh;
pdHigh.SetDefaultColor(Color.DARK_ORANGE);
pdHigh.SetStyle(Curve.SHORT_DASH);

plot pdLow = prevLow;
pdLow.SetDefaultColor(Color.DARK_ORANGE);
pdLow.SetStyle(Curve.SHORT_DASH);

plot pdOpen = prevOpen;
pdOpen.SetDefaultColor(Color.DARK_ORANGE);
pdOpen.SetStyle(Curve.SHORT_DASH);

plot pdClose = prevClose;
pdClose.SetDefaultColor(Color.DARK_ORANGE);
pdClose.SetStyle(Curve.SHORT_DASH);

# Plot pre-market levels
plot pmHigh = preMarketHigh;
pmHigh.SetDefaultColor(Color.LIGHT_RED);
pmHigh.SetStyle(Curve.SHORT_DASH);

plot pmLow = preMarketLow;
pmLow.SetDefaultColor(Color.LIGHT_RED);
pmLow.SetStyle(Curve.SHORT_DASH);

# Define signal conditions
def aboveEMA_13 = close > EMA_13;
def aboveEMA_48 = close > EMA_48;
def aboveEMA_200 = close > EMA_200;
def abovePDH = close > prevHigh;
def abovePDL = close > prevLow;
def abovePMH = close > preMarketHigh;
def abovePML = close > preMarketLow;

# Labels for Trade Direction
AddLabel(yes, "EMA 13: " + EMA_13, if aboveEMA_13 then Color.GREEN else Color.RED);
AddLabel(yes, "EMA 48: " + EMA_48, if aboveEMA_48 then Color.GREEN else Color.RED);
AddLabel(yes, "EMA 200: " + EMA_200, if aboveEMA_200 then Color.GREEN else Color.RED);
AddLabel(yes, "Prev High: " + prevHigh, if abovePDH then Color.GREEN else Color.RED);
AddLabel(yes, "Prev Low: " + prevLow, if abovePDL then Color.GREEN else Color.RED);
AddLabel(yes, "Pre-Mkt High: " + preMarketHigh, if abovePMH then Color.GREEN else Color.RED);
AddLabel(yes, "Pre-Mkt Low: " + preMarketLow, if abovePML then Color.GREEN else Color.RED);

# Trade Bias
AddLabel(yes, if aboveEMA_13 then "Focus on Calls" else "Focus on Puts", if aboveEMA_13 then Color.GREEN else Color.RED);

reply to #399

learn to look up functions in the online manual
you are trying to use function parameters that dont exist


there is no parameter extended for price function
def preMarketHigh = high(period = AggregationPeriod.DAY, priceType = PriceType.LAST, extended = yes);
https://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Fundamentals/close


if you want premarket data, you have to use these to define a period of time
https://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Date---Time/SecondsTillTime
https://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Date---Time/SecondsFromTime
like 4am to 9:30
https://www.tradinghours.com/markets/nasdaq


no purple color, use magenta
https://toslc.thinkorswim.com/center/reference/thinkScript/Constants/Color

add new code to find premarket hi and lo

#chat399_fix_ema_prehilo

#https://usethinkscript.com/threads/chatgpt-bard-other-ai-scripts-which-cant-be-used-in-thinkorswim.13822/page-20#post-152957
#MrCrude
#399

#I want to create an indicator that

#1-Plots EMA13 (yellow, EMA 48 (purple), and EMA 200 (Red).
#2-Displays Previous Day High, low, open and close level
#3-Plots pre-market high and low
#4-Adds label indicating whether price is above or below these key level
#5-Suggest trade bias (call/puts) based on EMA positioning.

#What I'm missing it is not plotting on TOS. THX


declare upper;
declare once_per_bar;

def na = double.nan;
def bn = barnumber();

# Define EMA values
input EMA1 = 13;
input EMA2 = 48;
input EMA3 = 200;

def EMA_13 = ExpAverage(close, EMA1);
def EMA_48 = ExpAverage(close, EMA2);
def EMA_200 = ExpAverage(close, EMA3);

# Previous Day Levels
def prevHigh = high(period = "DAY" )[1];
def prevLow = low(period = "DAY" )[1];
def prevClose = close(period = "DAY" )[1];
def prevOpen = open(period = "DAY" )[1];


# Pre-Market High and Low (assumes extended hours enabled)
#def preMarketHigh = high(period = AggregationPeriod.DAY, priceType = PriceType.LAST, extended = yes);
#def preMarketLow = low(period = AggregationPeriod.DAY, priceType = PriceType.LAST, extended = yes);

input prestart = 0400;
input preend = 0930;
def pre = if secondsfromTime(prestart) >= 0 and secondstillTime(preend) > 0 then 1 else 0;

def n = 400;
def big = 99999;

def preMarketHigh;
def preMarketlow;
if bn == 1 then {
 preMarketHigh = na;
 preMarketlow = na;
} else if (!pre[1] and pre) then {
# on the first bar of pre, look for hi/lo
 preMarketHigh = fold a = 0 to n
  with b
  while getvalue(pre, -a)
  do max(b, getvalue(high,-a));

 preMarketlow = fold c = 0 to n
  with d = big
  while getvalue(pre, -c)
  do min(d, getvalue(low,-c));
} else {
 preMarketHigh = preMarketHigh[1];
 preMarketlow = preMarketlow[1];
}


# Define Colors
AssignPriceColor(if close > EMA_13 then Color.GREEN else Color.RED);

# Plot EMAs
plot pEMA_13 = EMA_13;
pEMA_13.SetDefaultColor(Color.YELLOW);
pEMA_13.SetLineWeight(2);

plot pEMA_48 = EMA_48;
#pEMA_48.SetDefaultColor(Color.PURPLE);
pEMA_48.SetDefaultColor(Color.magenta);
pEMA_48.SetLineWeight(2);




plot pEMA_200 = EMA_200;
pEMA_200.SetDefaultColor(Color.RED);
pEMA_200.SetLineWeight(2);

# Plot previous day levels
plot pdHigh = prevHigh;
pdHigh.SetDefaultColor(Color.DARK_ORANGE);
pdHigh.SetStyle(Curve.SHORT_DASH);

plot pdLow = prevLow;
pdLow.SetDefaultColor(Color.DARK_ORANGE);
pdLow.SetStyle(Curve.SHORT_DASH);

plot pdOpen = prevOpen;
pdOpen.SetDefaultColor(Color.DARK_ORANGE);
pdOpen.SetStyle(Curve.SHORT_DASH);

plot pdClose = prevClose;
pdClose.SetDefaultColor(Color.DARK_ORANGE);
pdClose.SetStyle(Curve.SHORT_DASH);

# Plot pre-market levels
plot pmHigh = preMarketHigh;
pmHigh.SetDefaultColor(Color.LIGHT_RED);
pmHigh.SetStyle(Curve.SHORT_DASH);

plot pmLow = preMarketLow;
pmLow.SetDefaultColor(Color.LIGHT_RED);
pmLow.SetStyle(Curve.SHORT_DASH);


addchartbubble(0,low,
preMarketHigh + "\n" +
preMarketlow + "\n" +
#pema_13 + "\n" +
#pema_48 + "\n" +
#pema_200 + "\n" +
#pdhigh + "\n" +
#pdlow + "\n" +
#pdopen + "\n" +
#pdclose + "\n" +
pmhigh + "\n" +
pmlow + "\n" 
, color.yellow, no);



# Define signal conditions
def aboveEMA_13 = close > EMA_13;
def aboveEMA_48 = close > EMA_48;
def aboveEMA_200 = close > EMA_200;
def abovePDH = close > prevHigh;
def abovePDL = close > prevLow;
def abovePMH = close > preMarketHigh;
def abovePML = close > preMarketLow;

# Labels for Trade Direction
AddLabel(yes, "EMA 13: " + EMA_13, if aboveEMA_13 then Color.GREEN else Color.RED);
AddLabel(yes, "EMA 48: " + EMA_48, if aboveEMA_48 then Color.GREEN else Color.RED);
AddLabel(yes, "EMA 200: " + EMA_200, if aboveEMA_200 then Color.GREEN else Color.RED);
AddLabel(yes, "Prev High: " + prevHigh, if abovePDH then Color.GREEN else Color.RED);
AddLabel(yes, "Prev Low: " + prevLow, if abovePDL then Color.GREEN else Color.RED);
AddLabel(yes, "Pre-Mkt High: " + preMarketHigh, if abovePMH then Color.GREEN else Color.RED);
AddLabel(yes, "Pre-Mkt Low: " + preMarketLow, if abovePML then Color.GREEN else Color.RED);

# Trade Bias
AddLabel(yes, if aboveEMA_13 then "Focus on Calls" else "Focus on Puts", if aboveEMA_13 then Color.GREEN else Color.RED);

#

 

[halcyonguy]

@halcyonguy I have this peak and valley script that I've been working on but its showing the line peak line and arrow before it confirms. i want to show the line and arrow only when price gives a confirmation of the peaks or valleys. For example when price makes a high and the next candle moves 1 penny below the low of that high that confirms a peak to me, then the arrow and line would then be placed at the highest point. if price never trades 1 penny below no arrow or line should appear until it breaks. same thing for valley price have to trade 1 penny above the wick high of the candle with the lowest point and then the arrow and line would be placed at the low of the lowest point. as soon as price breaks only then an arrow will appear confirming the valley. This is the current script... i hope you or someone can help!!!

#
# Peak/Valley Break Confirmation Script with Configurable Alerts + Custom Sounds

declare upper;

input len = 10;
input useClosePrice = no; # Use Close for break confirmation (yes) or wick (no)
input alertMode = {default "Both", "Only Peaks", "Only Valleys"}; # Alert Type

input peakSound = {default "Ring", "Chimes", "Bells", "Ding", "NoSound"};
input valleySound = {default "Bell", "Chimes", "Bells", "Ding", "NoSound"};

def na = Double.NaN;
def bn = BarNumber();
def lastbn = HighestAll(if !IsNaN(close) then bn else 0);
def offset = Min(len - 1, lastbn - bn);

# --- Find Peaks and Valleys ---
def isPeak = high > Highest(high[1], len - 1) and high == GetValue(Highest(high, len), -offset);
def isValley = low < Lowest(low[1], len - 1) and low == GetValue(Lowest(low, len), -offset);

def peakPrice = if isPeak then high else peakPrice[1];
def valleyPrice = if isValley then low else valleyPrice[1];

# --- Break Logic ---
def peakBroken = if useClosePrice
then close < peakPrice
else low < peakPrice;

def valleyBroken = if useClosePrice
then close > valleyPrice
else high > valleyPrice;

def peakBrokenConfirmed = if isPeak then 0 else if peakBroken then 1 else peakBrokenConfirmed[1];
def valleyBrokenConfirmed = if isValley then 0 else if valleyBroken then 1 else valleyBrokenConfirmed[1];

# --- Arrows ---
plot SellArrow = if peakBrokenConfirmed and !peakBrokenConfirmed[1] then peakPrice else na;
SellArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
SellArrow.SetDefaultColor(Color.RED);
SellArrow.SetLineWeight(3);

plot BuyArrow = if valleyBrokenConfirmed and !valleyBrokenConfirmed[1] then valleyPrice else na;
BuyArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
BuyArrow.SetDefaultColor(Color.GREEN);
BuyArrow.SetLineWeight(3);

# --- Horizontal Range Lines ---
plot PeakLine = if !IsNaN(peakPrice) then peakPrice else na;
PeakLine.SetDefaultColor(Color.RED);
PeakLine.SetStyle(Curve.LONG_DASH);
PeakLine.SetLineWeight(1);

plot ValleyLine = if !IsNaN(valleyPrice) then valleyPrice else na;
ValleyLine.SetDefaultColor(Color.GREEN);
ValleyLine.SetStyle(Curve.LONG_DASH);
ValleyLine.SetLineWeight(1);

# --- Alerts with Custom Sounds ---
def doSellAlert = (alertMode == alertMode."Both" or alertMode == alertMode."Only Peaks") and SellArrow;
def doBuyAlert = (alertMode == alertMode."Both" or alertMode == alertMode."Only Valleys") and BuyArrow;

Alert(doSellAlert, "Peak Broken: Sell Signal", Alert.BAR, peakSound);
Alert(doBuyAlert, "Valley Broken: Buy Signal", Alert.BAR, valleySound);

reply to #400

i changed the peak / valley code

#chat400_peaks

#https://usethinkscript.com/threads/chatgpt-bard-other-ai-scripts-which-cant-be-used-in-thinkorswim.13822/page-20#post-152956
#Takentrade1
#400
#@halcyonguy I have this peak and valley script that I've been working on
# but its showing the line peak line and arrow before it confirms.
# i want to show the line and arrow only when price gives a confirmation of the peaks or valleys.

# For example when price makes a high
#  and the next candle moves 1 penny below the low of that high,
#   that confirms a peak to me,
# then the arrow and line would then be placed at the highest point. 
#if price never trades 1 penny below no arrow or line should appear until it breaks. 

#same thing for valley price have to trade 1 penny above the wick high of the candle with the lowest point and then the arrow and line would be placed at the low of the lowest point. as soon as price breaks only then an arrow will appear confirming the valley. This is the current script... i hope you or someone can help!!!


#
# Peak/Valley Break Confirmation Script with Configurable Alerts + Custom Sounds

declare upper;

input len = 10;
input useClosePrice = no; # Use Close for break confirmation (yes) or wick (no)
input alertMode = {default "Both", "Only Peaks", "Only Valleys"}; # Alert Type

input peakSound = {default "Ring", "Chimes", "Bells", "Ding", "NoSound"};
input valleySound = {default "Bell", "Chimes", "Bells", "Ding", "NoSound"};

def na = Double.NaN;
def bn = BarNumber();
#def lastbn = HighestAll(if !IsNaN(close) then bn else 0);
#def offset = Min(len - 1, lastbn - bn);

# --- Find Peaks and Valleys ---
#def isPeak = high > Highest(high[1], len - 1) and high == GetValue(Highest(high, len), -offset);
#def isValley = low < Lowest(low[1], len - 1) and low == GetValue(Lowest(low, len), -offset);

def ispeak = low > high[1] and low > high[-1];
def isvalley = high < low[1] and high < low[-1];


def peakPrice = if isPeak then high else peakPrice[1];
def valleyPrice = if isValley then low else valleyPrice[1];

# --- Break Logic ---
def peakBroken = if useClosePrice then close < peakPrice
 else low < peakPrice;

def valleyBroken = if useClosePrice then close > valleyPrice
 else high > valleyPrice;

def peakBrokenConfirmed = if isPeak then 0 else if peakBroken then 1 else peakBrokenConfirmed[1];
def valleyBrokenConfirmed = if isValley then 0 else if valleyBroken then 1 else valleyBrokenConfirmed[1];

# --- Arrows ---
plot SellArrow = if peakBrokenConfirmed and !peakBrokenConfirmed[1] then peakPrice else na;
SellArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
SellArrow.SetDefaultColor(Color.RED);
SellArrow.SetLineWeight(3);

plot BuyArrow = if valleyBrokenConfirmed and !valleyBrokenConfirmed[1] then valleyPrice else na;
BuyArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
BuyArrow.SetDefaultColor(Color.GREEN);
BuyArrow.SetLineWeight(3);

# --- Horizontal Range Lines ---
plot PeakLine = if peakPrice > 0 and !IsNaN(peakPrice) then peakPrice else na;
peakline.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
PeakLine.SetDefaultColor(Color.RED);
PeakLine.SetStyle(Curve.LONG_DASH);
PeakLine.SetLineWeight(1);

plot ValleyLine = if valleyPrice > 0 and !IsNaN(valleyPrice) then valleyPrice else na;
valleyline.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ValleyLine.SetDefaultColor(Color.GREEN);
ValleyLine.SetStyle(Curve.LONG_DASH);
ValleyLine.SetLineWeight(1);

# --- Alerts with Custom Sounds ---
def doSellAlert = (alertMode == alertMode."Both" or alertMode == alertMode."Only Peaks") and SellArrow;
def doBuyAlert = (alertMode == alertMode."Both" or alertMode == alertMode."Only Valleys") and BuyArrow;

Alert(doSellAlert, "Peak Broken: Sell Signal", Alert.BAR, peakSound);
Alert(doBuyAlert, "Valley Broken: Buy Signal", Alert.BAR, valleySound);
#

 

[jjerryrhall3]

Can this be fixed ? i keep getting ERRORS

mod edit , code tags

# Define aggregation period
def agg = AggregationPeriod.FIVE_MIN;

# Trend: 20-EMA > 50-EMA on 5-minute chart
def ema20 = ExpAverage(close(period = agg), 20);
def ema50 = ExpAverage(close(period = agg), 50);
def bullishTrend = ema20 > ema50;

# Volume Confirmation
def avgVolume = Average(volume(period = agg), 20);
def highVolume = volume(period = agg) > avgVolume;

# Pullback to 20-EMA
def price = close(period = agg);
def pullback = price <= ema20 and price >= ema20 * 0.99;

# MACD Settings
input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input lookback = 5;

# MACD Values
def macdValue = MACD(fastLength, slowLength, macdLength).Value;
def macdSignal = MACD(fastLength, slowLength, macdLength).Signal;
def macdHist = MACD(fastLength, slowLength, macdLength).Diff;

# MACD Crossover
def macdCrossover = macdValue crosses above macdSignal within 2 bars;

# MACD Divergence (Bullish)
def priceLowerLow = price[1] < Lowest(price, lookback) and price[1] < price[2];
def macdHigherLow = macdHist[1] > Lowest(macdHist, lookback) and macdHist[1] > macdHist[2];

def bullishMACDDiv = priceLowerLow and macdHigherLow;

# Combined condition
plot scan = bullishTrend and highVolume and pullback and macdCrossover and bullishMACDDiv;
#

 

[halcyonguy]

Can this be fixed ? i keep getting ERRORS

# Define aggregation period
def agg = AggregationPeriod.FIVE_MIN;

# Trend: 20-EMA > 50-EMA on 5-minute chart
def ema20 = ExpAverage(close(period = agg), 20);
def ema50 = ExpAverage(close(period = agg), 50);
def bullishTrend = ema20 > ema50;

# Volume Confirmation
def avgVolume = Average(volume(period = agg), 20);
def highVolume = volume(period = agg) > avgVolume;

# Pullback to 20-EMA
def price = close(period = agg);
def pullback = price <= ema20 and price >= ema20 * 0.99;

# MACD Settings
input fastLength = 12;
input slowLength = 26;
input macdLength = 9;
input lookback = 5;

# MACD Values
def macdValue = MACD(fastLength, slowLength, macdLength).Value;
def macdSignal = MACD(fastLength, slowLength, macdLength).Signal;
def macdHist = MACD(fastLength, slowLength, macdLength).Diff;

# MACD Crossover
def macdCrossover = macdValue crosses above macdSignal within 2 bars;

# MACD Divergence (Bullish)
def priceLowerLow = price[1] < Lowest(price, lookback) and price[1] < price[2];
def macdHigherLow = macdHist[1] > Lowest(macdHist, lookback) and macdHist[1] > macdHist[2];
def bullishMACDDiv = priceLowerLow and macdHigherLow;

# Combined condition
plot scan = bullishTrend and highVolume and pullback and macdCrossover and bullishMACDDiv;

reply to 403

just look up the macd function, and you will see that signal is not a valid plot
https://toslc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/M-N/MACD

def macdSignal = MACD(fastLength, slowLength, macdLength).Signal;

pick a different plot name

 

[CFA312]

Hi guys,

Any of you kinds guys can help me what I am doing wrong?

I am trying to create a scanner for stock that are up more than 30% in the last 5 days -

in the scanner i did choose study -and selected custom ( attached a screen shot)

and added this code - but I am not getting anything.


# Scanner for stocks up 30% or more in the last 5 trading days
# Define the percentage threshold
def percentThreshold = 30.0;

# Calculate the percentage change over 5 days
def percentChange = ((close - close[5]) / close[5]) * 100;

# Return true if percentage change meets or exceeds threshold
plot scan = percentChange >= percentThreshold;

thank you so much for your help.

 

[halcyonguy]

Hi guys,

Any of you kinds guys can help me what I am doing wrong?

I am trying to create a scanner for stock that are up more than 30% in the last 5 days -

in the scanner i did choose study -and selected custom ( attached a screen shot)

and added this code - but I am not getting anything.


# Scanner for stocks up 30% or more in the last 5 trading days
# Define the percentage threshold
def percentThreshold = 30.0;

# Calculate the percentage change over 5 days
def percentChange = ((close - close[5]) / close[5]) * 100;

# Return true if percentage change meets or exceeds threshold
plot scan = percentChange >= percentThreshold;

thank you so much for your help.

reply to 405

30% is a huge gain , in 5 bars. so you may not see any matches.
next time, change the % to 2 and see if you get results.

i changed the code to be a lower, so i could see an output.
when i changed the percent to 5%, i got a few signals.
i added a bubble, to display the % change. it turns yellow when there is a signal.

#scan_5days_percentup
#https://usethinkscript.com/threads/chatgpt-bard-other-ai-scripts-which-cant-be-used-in-thinkorswim.13822/page-21#post-153194
#405

declare lower;

# Scanner for stocks up 30% or more in the last 5 trading days
# Define the percentage threshold
input percentThreshold = 30.0;

# Calculate the percentage change over 5 days
def percentChange = round(((close - close[5]) / close[5]) * 100,2);

# Return true if percentage change meets or exceeds threshold
plot scan = percentChange >= percentThreshold;


addchartbubble(1, -0.5,
#close[5] + "\n" +
#close + "\n" +
# percentThreshold + "\n" +
 percentChange + "\n"
# scan
, (if scan then color.yellow else color.gray), no);
#

 

[TRADERSAM]

I recently made a strategy that buys whenever the price close equal to or below yesterday's highs. It would then sell whenever the price either gets a little above the middle of yesterdays high and low, hits the stop loss(which is ATR), or it will also sell whenever the trading day ends. It will not take trades that are to far below the low of yesterday and will also not trade premarket. It also only takes one trade a day. In the picture attached below you can see that it should have taken a trade as soon as the candle closed through the white line but unfortunately nothing happened. All the code seems right to me but nothing is showing up on the chart. Any help would be much appreciated. Here is the code.

input positionSize = 500;

# === Previous Day's High and Low ===
def yHigh = high[1];
def yLow = low[1];
def midpoint = (yHigh + yLow) / 2;

# === ATR Settings ===
input atrLength = 14;
input atrMultiplier = 1.0;
def atr = Average(TrueRange(high, close, low), atrLength);

# === Target and Stop Prices ===
input bufferPct = 0.0025; # 0.25% above midpoint
def targetPrice = midpoint * (1 + bufferPct);
def stopPrice = yLow - (atr * atrMultiplier);

# === Time Filters ===
def marketOpen = SecondsFromTime(0930) >= 0;
def marketClose = SecondsTillTime(1600) >= 0;
def eod = SecondsTillTime(1600) <= 0;
def isMarketHours = marketOpen and marketClose;

# === Entry Logic Breakdown ===
input minPercentAboveLow = -0.01; # Don't enter if price is >1% below yLow
def priceDropFromLow = (low - yLow) / yLow;
def tooFarBelowLow = priceDropFromLow < minPercentAboveLow;

def rawEntry = low <= yLow;
def priceOk = !tooFarBelowLow;

# === Daily Trade Tracker ===
def today = GetDay();
rec lastTradeDay = if IsNaN(close) then lastTradeDay[1]
else if rawEntry and priceOk and isMarketHours then today
else lastTradeDay[1];
def alreadyTradedToday = lastTradeDay == today;

# === Entry, Exit, Stop Conditions ===
def entryCondition = rawEntry and priceOk and !alreadyTradedToday and isMarketHours;
def takeProfit = high >= targetPrice;
def stopOut = low <= stopPrice;
def exitBeforeClose = eod;

rec inTrade = if IsNaN(inTrade[1]) then 0
else if inTrade[1] == 0 and entryCondition then 1
else if inTrade[1] == 1 and (takeProfit or stopOut or exitBeforeClose) then 0
else inTrade[1];

# === Orders ===
AddOrder(OrderType.BUY_AUTO, entryCondition, open[-1], positionSize / close, Color.GREEN, Color.GREEN, "BUY");
AddOrder(OrderType.SELL_AUTO, inTrade and takeProfit, open[-1], positionSize / close, Color.YELLOW, Color.RED, "TP");
AddOrder(OrderType.SELL_AUTO, inTrade and stopOut, open[-1], positionSize / close, Color.RED, Color.CYAN, "STOP");
AddOrder(OrderType.SELL_AUTO, inTrade and exitBeforeClose, open[-1], positionSize / close, Color.YELLOW, Color.YELLOW, "EOD Exit");

 

[halcyonguy]

I recently made a strategy that buys whenever the price close equal to or below yesterday's highs. It would then sell whenever the price either gets a little above the middle of yesterdays high and low, hits the stop loss(which is ATR), or it will also sell whenever the trading day ends. It will not take trades that are to far below the low of yesterday and will also not trade premarket. It also only takes one trade a day. In the picture attached below you can see that it should have taken a trade as soon as the candle closed through the white line but unfortunately nothing happened. All the code seems right to me but nothing is showing up on the chart. Any help would be much appreciated. Here is the code.

input positionSize = 500;

# === Previous Day's High and Low ===
def yHigh = high[1];
def yLow = low[1];
def midpoint = (yHigh + yLow) / 2;

# === ATR Settings ===
input atrLength = 14;
input atrMultiplier = 1.0;
def atr = Average(TrueRange(high, close, low), atrLength);

# === Target and Stop Prices ===
input bufferPct = 0.0025; # 0.25% above midpoint
def targetPrice = midpoint * (1 + bufferPct);
def stopPrice = yLow - (atr * atrMultiplier);

# === Time Filters ===
def marketOpen = SecondsFromTime(0930) >= 0;
def marketClose = SecondsTillTime(1600) >= 0;
def eod = SecondsTillTime(1600) <= 0;
def isMarketHours = marketOpen and marketClose;

# === Entry Logic Breakdown ===
input minPercentAboveLow = -0.01; # Don't enter if price is >1% below yLow
def priceDropFromLow = (low - yLow) / yLow;
def tooFarBelowLow = priceDropFromLow < minPercentAboveLow;

def rawEntry = low <= yLow;
def priceOk = !tooFarBelowLow;

# === Daily Trade Tracker ===
def today = GetDay();
rec lastTradeDay = if IsNaN(close) then lastTradeDay[1]
else if rawEntry and priceOk and isMarketHours then today
else lastTradeDay[1];
def alreadyTradedToday = lastTradeDay == today;

# === Entry, Exit, Stop Conditions ===
def entryCondition = rawEntry and priceOk and !alreadyTradedToday and isMarketHours;
def takeProfit = high >= targetPrice;
def stopOut = low <= stopPrice;
def exitBeforeClose = eod;

rec inTrade = if IsNaN(inTrade[1]) then 0
else if inTrade[1] == 0 and entryCondition then 1
else if inTrade[1] == 1 and (takeProfit or stopOut or exitBeforeClose) then 0
else inTrade[1];

# === Orders ===
AddOrder(OrderType.BUY_AUTO, entryCondition, open[-1], positionSize / close, Color.GREEN, Color.GREEN, "BUY");
AddOrder(OrderType.SELL_AUTO, inTrade and takeProfit, open[-1], positionSize / close, Color.YELLOW, Color.RED, "TP");
AddOrder(OrderType.SELL_AUTO, inTrade and stopOut, open[-1], positionSize / close, Color.RED, Color.CYAN, "STOP");
AddOrder(OrderType.SELL_AUTO, inTrade and exitBeforeClose, open[-1], positionSize / close, Color.YELLOW, Color.YELLOW, "EOD Exit");

reply to 407

entrycondition is never true

i added bubbles to display some values.
verified that entrycondition is never true


addchartbubble(0, low*0.995,
entrycondition + " E\n" +
inTrade + " in\n" +
takeProfit + " T\n" +
stopOut + " S\n" +
exitBeforeClose + " x\n"
, (if entrycondition then color.blue
else if intrade then color.white
else if takeProfit then color.green
else if stopOut then color.red
else if exitBeforeClose then color.yellow
else color.gray), no);


than i made another bubble to show the values in the entrycondition formula.
i made several versions of it, by disabling different variables and colors , saving, and looking at it.
i determined that all the variables are true at some time, but never all 4 at the same time.


addchartbubble(1, low*0.995,
entrycondition + " \n"
rawEntry + "\n" +
priceOk + "\n" +
!alreadyTradedToday + "\n" +
isMarketHours
,(if entrycondition then color.blue
else if rawEntry then color.white
else if priceOk then color.green
else if !alreadyTradedToday then color.red
else if isMarketHours then color.yellow
else color.gray), no);


study this formula and fix it
def entryCondition = rawEntry and priceOk and !alreadyTradedToday and isMarketHours;

 

[peregrine]

Here's a TOS code that needs correcting at line 6.1. (def returns =price - price[^3_1]
It is an AI generated attempt at Volatility Adjusted Trend Signals

# Volatility Adjusted Trend
declare lower;
input length = 20;
#Lookback period for trend and volatility
input price = close;
def returns = price - price[^3_1];
def avgReturn = Average(returns, length);
def stdDevReturn = StDev(returns, length);
def trendSignal = if stdDevReturn !=0 then avgReturn / stdDevReturn else 0;
plot Signal = trendSignal;
Signal.SetDefaultColor(GetColor(1));
Signal.SetLineWeight(2);
AddLabel(yes, "Volatility-Adjusted Trend: " +Round(trendSignal, 2), if trendSignal > 0 then Color.GREEN else if trendSignal < 0 then Color.RED else Color.GRAY);

 

[halcyonguy]

Here's a TOS code that needs correcting at line 6.1. (def returns =price - price[^3_1]
It is an AI generated attempt at Volatility Adjusted Trend Signals

# Volatility Adjusted Trend
declare lower;
input length = 20;
#Lookback period for trend and volatility
input price = close;
def returns = price - price[^3_1];
def avgReturn = Average(returns, length);
def stdDevReturn = StDev(returns, length);
def trendSignal = if stdDevReturn !=0 then avgReturn / stdDevReturn else 0;
plot Signal = trendSignal;
Signal.SetDefaultColor(GetColor(1));
Signal.SetLineWeight(2);
AddLabel(yes, "Volatility-Adjusted Trend: " +Round(trendSignal, 2), if trendSignal > 0 then Color.GREEN else if trendSignal < 0 then Color.RED else Color.GRAY);

no idea what this should be

this is wrong.
#def returns = price - price[^3_1];
brackets after a variable expect to hold a number . this determines how many bars back to go and read a value. ^3_1 makes no sense.

replace that line with these 2 lines. i added an input to be able to change the number

input barsback = 3;
def returns = price - price[barsback];

 

[sonnytrader]

difference in last option price minus theoretical value in real time

I am trying to create a study or something to add to my watchlist that shows me the % difference in option last price vs theoretical value....trying to gauge which are more expensive calls or puts at a quick glance..Appreciate any help.
declare lower;

# Get the last sale price (LAST)
def lastPrice = close(priceType = PriceType.LAST);

# Get the theoretical option price
def theoPrice = OptionPrice();

# Calculate the difference (Last Sale Price - Theoretical Price)
def priceDiff = lastPrice - theoPrice;

# Plot the difference
plot Difference = priceDiff;

# Optional: Add formatting for better visualization
Difference.SetDefaultColor(Color.WHITE);
Difference.SetLineWeight(2);

# Optional: Add a label to show the difference in the chart
AddLabel(yes, "Last - Theo: " + AsDollars(priceDiff), if priceDiff > 0 then Color.GREEN else if priceDiff < 0 then Color.RED else Color.GRAY);


i used this code but its not giving me a percentage - or + number..i only want to show the number only in neg or pos percentages...also trying to color code column green for rich and red for cheap..thx

ReplyForward Add reaction

 

[sonnytrader]

I am looking for someone to fix the code below as it probably has syntax errors etc...Im simply trying to create a study that shows what price the option is in percentage value difference than theoretical value...if anyone could help would greatly appreciate it

declare upper; # Inputs for SPX options input optionType = {default Call, Put}; # Get option data def bidPrice = if optionType == optionType.Call then close(priceType = PriceType.BID, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.BID, symbol = ".SPX" + GetStrike() + GetExpirationDate()); def lastPrice = if optionType == optionType.Call then close(priceType = PriceType.LAST, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.LAST, symbol = ".SPX" + GetStrike() + GetExpirationDate()); def theoPrice = if optionType == optionType.Call then close(priceType = PriceType.MARK, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.MARK, symbol = ".SPX" + GetStrike() + GetExpirationDate()); # Calculate percentage difference (Last - Theoretical) / Theoretical def percentDiff = if theoPrice != 0 then ((lastPrice - theoPrice) / theoPrice) * 100 else 0; # Plot the percentage difference plot PercentDifference = percentDiff; PercentDifference.SetDefaultColor(Color.BLACK); PercentDifference.SetPaintingStrategy(PaintingStrategy.VALUES); # Conditional coloring AssignBackgroundColor(if percentDiff > 0 then Color.GREEN else if percentDiff < 0 then Color.RED else Color.GRAY); # Optional: Display bid and last price as labels AddLabel(yes, "Bid: " + bidPrice, Color.WHITE); AddLabel(yes, "Last: " + lastPrice, Color.WHITE);

 

[useThinkScript]

I am looking for someone to fix the code below as it probably has syntax errors etc...Im simply trying to create a study that shows what price the option is in percentage value difference than theoretical value...if anyone could help would greatly appreciate it

declare upper; # Inputs for SPX options input optionType = {default Call, Put}; # Get option data def bidPrice = if optionType == optionType.Call then close(priceType = PriceType.BID, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.BID, symbol = ".SPX" + GetStrike() + GetExpirationDate()); def lastPrice = if optionType == optionType.Call then close(priceType = PriceType.LAST, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.LAST, symbol = ".SPX" + GetStrike() + GetExpirationDate()); def theoPrice = if optionType == optionType.Call then close(priceType = PriceType.MARK, symbol = ".SPX" + GetStrike() + GetExpirationDate()) else close(priceType = PriceType.MARK, symbol = ".SPX" + GetStrike() + GetExpirationDate()); # Calculate percentage difference (Last - Theoretical) / Theoretical def percentDiff = if theoPrice != 0 then ((lastPrice - theoPrice) / theoPrice) * 100 else 0; # Plot the percentage difference plot PercentDifference = percentDiff; PercentDifference.SetDefaultColor(Color.BLACK); PercentDifference.SetPaintingStrategy(PaintingStrategy.VALUES); # Conditional coloring AssignBackgroundColor(if percentDiff > 0 then Color.GREEN else if percentDiff < 0 then Color.RED else Color.GRAY); # Optional: Display bid and last price as labels AddLabel(yes, "Bid: " + bidPrice, Color.WHITE); AddLabel(yes, "Last: " + lastPrice, Color.WHITE);

Your code went through some sort of word processor and will not run in its current state.
Put every line that ends with a semicolon on a single line.
One long paragraph, as formatted above, will read as a very long comment because of the comment # hashtags contained in the code. It will never run, in its current state.

See your previous post for the correct formatting.

If this current code was AI-generated; even after reformatting; it probably still won't run.
But at least it will resemble code.

And then the resident AI-whisperer @halcyonguy will expound on where to start with debugging your problems.