Making a Bar's High/Low Values Stand Out

[msualexander]

Hey all,

Thanks for taking a look at my question.

I've been dabbling in day trading for about nine months now and I often will base an entry price or stop based upon the high or low of a particular bar displayed in the chart. A lot of the time I'm doing this very quickly and on occasion I've looked at the wrong number causing me to enter a bad entry/stop.

I'm looking to make a bar's high and low values stand out to me when I'm glancing at my chart in the "Trade" tab. I initially was hoping to highlight the fields to right of the ticker so that the "High" field is green and the "Low" field is red. I've been told that's not possible by another TOS user, but I want to check with the forum to confirm.

Alternatively (or better yet, actually), I'd like to use to display the high and low (in green/red) within the chart itself.

I've watched several YouTube videos regarding the "addlabel" command, but I haven't found anything that allows me to move my curser over a bar and display the high and low for that particular bar.

I have not used ThinkScript aside from following along on YouTube videos.

I've attached a screenshot where I circled the fields that I'm referring to in red.

Any suggestions?

Thanks in advance for your time.

https%3A//i.imgur.com/1NDVc0w.jpg[/img]']

 

[MerryDay]

Welcome to the Forum @msualexander.
Thinkscript does not provide us any means of writing code that will directly interact with the Thinkorswim hard-coded parts that you see on the screen or any of its modules... Custom modifications are beyond the scope of the capabilities of the platform...

 

[Joshua]

ThinkScript can not detect mouse input in this manner, unfortunately. If you plot the high and low of each bar, the plot will appear in the title bar, just as VWAP does in your example, and you will be at least be able to change the color. As for labels, the particular labels shown must be defined by code, they can not be change by simply moving your mouse around. You could possibly use the values above and values below painting strategy, and print the high and low over and under each bar. Though, this would gunk up your chart with text.

 

[SleepyZ]

Hey all,

Thanks for taking a look at my question.

I've been dabbling in day trading for about nine months now and I often will base an entry price or stop based upon the high or low of a particular bar displayed in the chart. A lot of the time I'm doing this very quickly and on occasion I've looked at the wrong number causing me to enter a bad entry/stop.

I'm looking to make a bar's high and low values stand out to me when I'm glancing at my chart in the "Trade" tab. I initially was hoping to highlight the fields to right of the ticker so that the "High" field is green and the "Low" field is red. I've been told that's not possible by another TOS user, but I want to check with the forum to confirm.

Alternatively (or better yet, actually), I'd like to use to display the high and low (in green/red) within the chart itself.

I've watched several YouTube videos regarding the "addlabel" command, but I haven't found anything that allows me to move my curser over a bar and display the high and low for that particular bar.

I have not used ThinkScript aside from following along on YouTube videos.

I've attached a screenshot where I circled the fields that I'm referring to in red.

Any suggestions?

Thanks in advance for your time.

https%3A//i.imgur.com/1NDVc0w.jpg[/img]']

You could make a new study and make sure it plots first. In the picture below, it just contains a short name, HL, and 2 plots for high and low. You can choose whatever colors you want.

 

[Slippage]

What @SleepyZ suggested is one of the ideas I had also.

Alternatively, depending on if the candles you care about can be identified reliably via code then the high and low prices could be displayed a few different ways:

• values directly above and below those candles
• chart bubbles at or near those candles
• label in the top left corner of the chart or lower study

For instance, one of the day trading strategies I used to use for entries was based on inside bars, with entry and stop at high+.01 and low-.01. Inside bars are easy to identify with code so I had a label at the top of my chart that told me, for the most recent inside bar, the prices above and below, the stop range and the number of shares to trade based on my desired risk.