Display Moving Average (EMA or SMA) as Labels in ThinkorSwim

[BenTen]

This indicator will help you display the following exponential moving average (EMA) and simple moving average (SMA) as labels on your chart.

• 9, 49, and 99 EMA
• 20 and 200 SMA

One of our users @Raundx modified it to the following:

• 4, 9 13, 50, and 200 EMA
• 20 and 200 SMA

I will include both versions down below and let you pick which one you want to use.

Original labels

#
# SM_MovingAverageLabels
#
# version 1.0
#

#Default moving average values:
#EXPO 9 OHLC
#SIMP 20 OHLC
#EXPO 49 OHLC
#EXPO 99 OHLC
#SIMP 200 OHLC

input MA_1_length = 9; #exponential
input MA_2_length = 20; #simple
input MA_3_length = 49; #exponential
input MA_4_length = 99; #exponential
input MA_5_length = 200; #simple

input MA_1_closeType = ohlc4;
input MA_2_closeType = ohlc4;
input MA_3_closeType = ohlc4;
input MA_4_closeType = ohlc4;
input MA_5_closeType = ohlc4;

def MA_1_avg = ExpAverage(MA_1_closeType, MA_1_length);
def MA_2_avg = Average(MA_2_closeType, MA_2_length);
def MA_3_avg = ExpAverage(MA_3_closeType, MA_3_length);
def MA_4_avg = ExpAverage(MA_4_closeType, MA_4_length);
def MA_5_avg = Average(MA_5_closeType, MA_5_length);

def currentPrice = close;

def MA_1_above = if currentPrice > MA_1_avg then 1 else 0;
def MA_1_below = if currentPrice <= MA_1_avg then 1 else 0;
AddLabel(MA_1_above, MA_1_length + " ema: " + MA_1_avg, COLOR.DARK_GREEN);
AddLabel(MA_1_below, MA_1_length + " ema: " + MA_1_avg, COLOR.DARK_RED);

def MA_2_above = if currentPrice > MA_2_avg then 1 else 0;
def MA_2_below = if currentPrice <= MA_2_avg then 1 else 0;
AddLabel(MA_2_above, MA_2_length + " sma: " + MA_2_avg, COLOR.DARK_GREEN);
AddLabel(MA_2_below, MA_2_length + " sma: " + MA_2_avg, COLOR.DARK_RED);

def MA_3_above = if currentPrice > MA_3_avg then 1 else 0;
def MA_3_below = if currentPrice <= MA_3_avg then 1 else 0;
AddLabel(MA_3_above, MA_3_length + " ema: " + MA_3_avg, COLOR.DARK_GREEN);
AddLabel(MA_3_below, MA_3_length + " ema: " + MA_3_avg, COLOR.DARK_RED);

def MA_4_above = if currentPrice > MA_4_avg then 1 else 0;
def MA_4_below = if currentPrice <= MA_4_avg then 1 else 0;
AddLabel(MA_4_above, MA_4_length + " ema: " + MA_4_avg, COLOR.DARK_GREEN);
AddLabel(MA_4_below, MA_4_length + " ema: " + MA_4_avg, COLOR.DARK_RED);

def MA_5_above = if currentPrice > MA_5_avg then 1 else 0;
def MA_5_below = if currentPrice <= MA_5_avg then 1 else 0;
AddLabel(MA_4_above, MA_5_length + " sma: " + MA_5_avg, COLOR.DARK_GREEN);
AddLabel(MA_4_below, MA_5_length + " sma: " + MA_5_avg, COLOR.DARK_RED);

Modified labels

#
# SM_MovingAverageLabels
#
# version 1.0
#

#Default moving average values:
#EXPO 4 OHLC
#EXPO 9 OHLC
#EXPO 13 OHLC
#SIMP 20 OHLC
#EXPO 50 OHLC
#EXPO 200 OHLC
#SIMP 200 OHLC

input MA_1_length = 4; #exponential
input MA_2_length = 9; #exponential
input MA_3_length = 13; #exponential
input MA_4_length = 20; #simple
input MA_5_length = 50; #exponential
input MA_6_length = 200; #exponential
input MA_7_length = 200; #simple


input MA_1_closeType = ohlc4;
input MA_2_closeType = ohlc4;
input MA_3_closeType = ohlc4;
input MA_4_closeType = ohlc4;
input MA_5_closeType = ohlc4;
input MA_6_closeType = ohlc4;
input MA_7_closeType = ohlc4;

def MA_1_avg = ExpAverage(MA_1_closeType, MA_1_length);
def MA_2_avg = ExpAverage(MA_2_closeType, MA_2_length);
def MA_3_avg = ExpAverage(MA_3_closeType, MA_3_length);
def MA_4_avg = Average(MA_4_closeType, MA_4_length);
def MA_5_avg = ExpAverage(MA_5_closeType, MA_5_length);
def MA_6_avg = ExpAverage(MA_6_closeType, MA_6_length);
def MA_7_avg = Average(MA_7_closeType, MA_7_length);

def currentPrice = close;

def MA_1_above = if currentPrice > MA_1_avg then 1 else 0;
def MA_1_below = if currentPrice <= MA_1_avg then 1 else 0;
AddLabel(MA_1_above, MA_1_length + " EMA: " + MA_1_avg, COLOR. CYAN);
AddLabel(MA_1_below, MA_1_length + " EMA: " + MA_1_avg, COLOR. CYAN);

def MA_2_above = if currentPrice > MA_2_avg then 1 else 0;
def MA_2_below = if currentPrice <= MA_2_avg then 1 else 0;
AddLabel(MA_2_above, MA_2_length + " EMA: " + MA_2_avg, COLOR. YELLOW);
AddLabel(MA_2_below, MA_2_length + " EMA: " + MA_2_avg, COLOR. YELLOW);

def MA_3_above = if currentPrice > MA_3_avg then 1 else 0;
def MA_3_below = if currentPrice <= MA_3_avg then 1 else 0;
AddLabel(MA_3_above, MA_3_length + " EMA: " + MA_3_avg, COLOR. VIOLET);
AddLabel(MA_3_below, MA_3_length + " EMA: " + MA_3_avg, COLOR. VIOLET);

def MA_4_above = if currentPrice > MA_4_avg then 1 else 0;
def MA_4_below = if currentPrice <= MA_4_avg then 1 else 0;
AddLabel(MA_4_above, MA_4_length + " SMA: " + MA_4_avg, COLOR. PINK);
AddLabel(MA_4_below, MA_4_length + " SMA: " + MA_4_avg, COLOR. PINK);

def MA_5_above = if currentPrice > MA_5_avg then 1 else 0;
def MA_5_below = if currentPrice <= MA_5_avg then 1 else 0;
AddLabel(MA_5_above, MA_5_length + " EMA: " + MA_5_avg, COLOR.WHITE);
AddLabel(MA_5_below, MA_5_length + " EMA: " + MA_5_avg, COLOR.WHITE);

def MA_6_above = if currentPrice > MA_6_avg then 1 else 0;
def MA_6_below = if currentPrice <= MA_6_avg then 1 else 0;
AddLabel(MA_6_above, MA_6_length + " EMA: " + MA_6_avg, COLOR.LIGHT_GREEN);
AddLabel(MA_6_below, MA_6_length + " EMA: " + MA_6_avg, COLOR.LIGHT_GREEN);

def MA_7_above = if currentPrice > MA_7_avg then 1 else 0;
def MA_7_below = if currentPrice <= MA_7_avg then 1 else 0;
AddLabel(MA_7_above, MA_7_length + " SMA: " + MA_7_avg, COLOR.LIGHT_RED);
AddLabel(MA_7_below, MA_7_length + " SMA: " + MA_7_avg, COLOR.LIGHT_RED);

Credit:

• spork-in-the-moon

 

[markos]

Very nice way to declutter!

 

[Likos]

 

[islandcowgirl]

For some reason this is displaying the moving averages with 3 decimal points instead of 2. Is there any code I can insert to just get 2 decimals? Or perhaps it is a setting in my thinkorswim?

For example : 20EMA- 20.506

I would like it to read 20.50

Thanks in advance.

 

[markos]

@islandcowgirl I only have a minute. Try the below. This is for learning.

This should be tried where ever MA_1... is located. Try one thing at a time.
Change the "ohlc4" to "close".
Change "MA_1_length); to "MA_1_length, 2)"
Lastly, put a ", 2 " Before and/or after "color.cyan" )
Sorry, on mobile.

 

[islandcowgirl]

Thanks Ben...I will give that a go!

 

[rizzy]

I was looking for thinkscript that displays a label that shows buy/sell depending on the slope of 200SMA. Basically a rising sma would be a buy and declining sma would be a sell. also, do not want to include whether price is above/below just solely based on the rising/decline sma. Thanks!!

 

[Rider]

I would like to put a label on a chart. For example, I would like to put the name "EMA 5,10,30" but not have any calculations associated with the name. Just a plain name only.

I tried:
AddLabel ("EMA 5, 10, 30");
AddLabel Color.Yellow;

What would be the proper script for just a plain chart label? Thanks.

 

[inthefutures]

not sure if you can do it with out data but try AddLabel(yes, "EMA 5,10,30", color.YELLOW);

 

[Rider]

It works! Thank you very much.

 

[Rider]

How do you put a label on the chart using user defined inputs. I tried the following:

input length1 = 10;
input length2 = 20;
input length3 = 30;
Input MA = EMA

AddLabel(yes, MA, lenght1, lenght2, lenght3, Color.Yellow);

I would like the label to read: EMA, 10,20,30

 

[inthefutures]

AddLabel(yes, concat(length1, " EMA 10"), (color.YELLOW));

I did not check this in tos let me know if it works

 

[Rider]

When I typed in the above script the Input MA = EMA line and the above script are highlighted in red. It says invalid statement for the Input MA = EMA line.

 

[Rider]

I changed Input MA = EMA to
Input MA = "EMA";
This change clears the red highlighting and the label reads "10EMA 10"

The goal is to create a label script with different input lengths that can be adjusted with different numbers and the new input numbers would automatically show up on the chart label.

 

[inthefutures]

"EMA" is all you need then
and a label for each one

 

[Alex]

I am looking for a label to display when price brakes either above or below the simple moving average line. (Specifically the 10 period)

 

[rovo]

Does anyone know of a way to have a bubble appear on-hover over a MA line that says which MA line it is?

For instance, if I hover the mouse over the 50MA, I want a bubble to appear nearby saying which MA it is.

I know it should be easy enough to set the MA lines to colors that you can remember, but my brain just doesn't work that way, and I simply can't remember them. I have to continually go into "Edit studies" to confirm and look up which line is which.

 

[Pensar]

@rovo You can plot a bubble on a line, but it has to be fixed; thinkscript doesnt control the platform, so it isnt possible to have it appear/disappear based on the mouse position.
Here is a method you can use to plot a bubble on a moving average -

#this input moves the bubble along the sma, currently 30 bars to the left
input bubble_offset = 30;
input show_bubble = yes;

plot sma = average(close,50);

def x = !isnan(close[-bubble_offset]) and isnan(close[-bubble_offset-1]);
AddChartBubble(show_bubble and x, sma, "50 SMA", sma.takevaluecolor(), no);

Thinkscript code could be compared to a paintbrush - It colors the charts according to the math the coder puts into it, whether it is right or wrong.

 

[joshua74133]

webull has the values up top for the emas... is there a way to add that to tos?

 

[3Aces]

First is I somehow put C|P boxes all over my chart, which I assume are OI calls and puts but I cant understand how to use them or even to take them off. Second is I'd like to have a tag or dialogue box for each SMA line. The colors are great for distinguishing between the lines but I'd really like to see them labeled 9D, 21D etc. I tried googling. Thank you for reading.