Entry and exit timer script for ThinkorSwim

[mcdon030]

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:

## 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;

 

[Kimberly]

I am getting an error that says "At least one plot should be defined"

 

[mcdon030]

I am getting an error that says "At least one plot should be defined"

you have to integrate with a signal.

 

[StockT8er]

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

 

[natcom2020]

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]

@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.)