Futures Trader's Cheat Sheet for ThinkorSwim

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
This study is a "cheat sheet" of labels for your futures chart. It shows the tick size, gain/loss for a 1 tick move in the futures price, the multiplier or per share equivalent for 1 contract, and the risk/max loss for 1 contract.

I thought this indicator may be helpful for beginners who just dabble into Futures trading.

MA3YYRW.png


thinkScript Code

Code:
#Futures contract information
Declare upper;
input Label_Color_Choice = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};

def multiplier = TickValue() * (1 / TickSize());

AddLabel(1, "Tick Size =  " + TickSize() + " ... Tick Value =  " + AsDollars(TickValue()) + " ... 1-lot share equivalent = " + multiplier + " shares" + " ... Risk in 1 futures contract =  " + AsDollars(close *multiplier), GetColor(Label_Color_Choice));

Shareable Link

https://tos.mx/VU2pQt
 

Billions

Active member
2019 Donor
VIP
@BenTen This might be a dumb question Where do I change the color and how in this script?
#HINT: This study is a "cheat sheet" of labels for your futures chart. \n It shows the tick size, \n gain/loss for a 1 tick move in the futures price, \n the multiplier or per share equivalent for 1 contract, and \n the risk/max loss for 1 contract.

Declare upper;
input Label_Color_Choice = {default "magenta", "green", "pink", "cyan", "orange", "red", "blue", "gray", "violet"};

def multiplier = TickValue() * (1 / TickSize());

AddLabel(1, "Tick Size = " + TickSize() + " ... Tick Value = " + AsDollars(TickValue()) + " ... 1-lot share equivalent = " + multiplier + " shares" + " ... Risk in 1 futures contract = " + AsDollars(close *multiplier), GetColor(Label_Color_Choice));
 

markos

Well-known member
VIP
@Billions thinkorSwim offers free platform tours. Have you had yours? Please call them to set one up.
Write down 10 questions so that you can have things that matter to you addressed.
TDAmeritrade has piles of videos on you tube as well. Please check there.
 

Billions

Active member
2019 Donor
VIP
@Billions thinkorSwim offers free platform tours. Have you had yours? Please call them to set one up.
Write down 10 questions so that you can have things that matter to you addressed.
TDAmeritrade has piles of videos on you tube as well. Please check there.
I have just not sure about changing this color not a big deal I will figure it out Thanks!
 

markos

Well-known member
VIP
Open the study, click the gear on the right side, an input box should be there with a pull down menu that will have all the colors.
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@Billions As I have previously mentioned, you can quickly change the color background via the indicator's settings page. There is no need to modify anything in the code.

VlYlBSk.png
 

BWiz

New member
@BenTen found a guy on YouTube claiming this indicator as his own. Looks like he is using it to promote his website. His YouTube page name Jason Ramus. Just letting you know in case you want to report his page for copyright issues since it belongs to you.
 

json12

New member
2019 Donor
hello, this might be super simple but I can't seem to figure out how to add tick value as one of the columns in my FUTURES watchlist.

Current code:

#TickVal
def TickVal = TickValue();
AddLabel(yes, TickVal);

But this is not allowing me to choose
 

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
hello, this might be super simple but I can't seem to figure out how to add tick value as one of the columns in my FUTURES watchlist.

Current code:

#TickVal
def TickVal = TickValue();
AddLabel(yes, TickVal);

But this is not allowing me to choose
I moved your post to this thread. You will find that you can modify the label in the top post to meet your needs
 

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