Entry and exit timer script for ThinkorSwim

mcdon030

Member
been trying to create a timer to confirm entry and exit. Basically, if entry holds after a certain hold time within a bar, then take it. if anyone has addtions or thoughts, please proceed:

Code:
## Mcdon 030 
#date 6112020

script timer{
input starttime = 0930;
input signal =0.0;
input holdtime =14;
def elapseSecs =  secondsFromTime(starttime);
def SecAtSignal = if !isnan(signal) then elapseSecs else SecAtSignal[1];
def elapsetgt =SecAtSignal+holdtime;
def trigger = if elapseSecs== elapsetgt && signal then 1 else 0;
plot time = if !isnan(trigger) then close else double.nan;
}
input starttime = 0930;
input entryholdtime =10;
input exitholdtime =20;
 
Last edited by a moderator:

StockT8er

Member
VIP
OK if you were going to use this to place a 1 to 5 second hold when the BuySignal accrues how would you code that in
 
Last edited:
Hi everyone im looking for an indicator that will help me exit a winning position im having all kind of problems keeping my profits.
 

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
@natcom2020 To have a discussion on exit strategies we would have to know:
  1. What strategy did you enter on?
  2. Are you scalping or swinging?
  3. What multiple aggregations are you trading on?
Screenshots of your trades are tremendously helpful to see the problems w/ your trades as sometimes it is not so much that your exit strategy is wrong as perhaps it was not a trade that should have been entered into. (FYI, 9 times out of 10, we ask for screenshots and the poster responds w/o any screenshots. SEEING what you are doing is 1000% better than writing about it.)
 

Similar threads

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.
Top