Moving Average Crossover Watchlist Column for ThinkorSwim

[tomsk]

@tradeking313 See if this watchlist works for you. It's after trading hours now so I can't test in a live environment, but from minimal testing on my end, it should work

# EMA Crossover Watchlist
# tomsk
# 1.11.2020

def ema1 = ExpAverage(close,9);
def ema2 = ExpAverage(close,26);

def crossOver = if ema1 crosses above ema2 then 1 else if ema1 crosses below ema2 then -1 else 0;
AddLabel(1, if crossOver == 1 then "Up" else if crossOver == -1 then "Down" else "  ", Color.BLACK);
AssignBackgroundColor(if crossOver == 1 then Color.GREEN else if crossOver == -1 then Color.RED else Color.BLACK);
# EMA Crossover Watchlist

 

[tradeking313]

@tomsk thanks so muchh!!!!!!

 

[Marthika]

BenTen, Thanks for sharing this awesome script!!

 

[SoChicago]

Hello, this a great column and I am going to attempt to reverse hack it and substitute the Simple Moving Average (SMA) for the EMA.
Ben (or can anyone) comment on what this part I quoted means. Its the only part of the logic I don't follow. What are you looking at to see what is the "highest" of between the crosses and lookback for?

def bull_lookback = highest(bull_cross, lookback); def bear_lookback = highest(bear_cross, lookback);

 

[rokeyaalamr]

Hi Ben,
Thanks for the script! This is very useful. I also modified it to see close price crossing VWAP on 1-minute chart within last 2 candle stick. But it seems to picking up crossing even 7-8 sticks before. I did't select the 1 min, as you have described above. Here is the script, what am I doing wrong?

# Modifying it for close price crosses the VWAP
# https://usethinkscript.com/d/119-moving-average-crossover-watchlist-column-for-thinkorswim
declare lower;
input lookback = 2;
def bull_cross =close crosses above VWAP;
def bear_cross = close crosses below VWAP;
def bull_lookback = highest(bull_cross, lookback);
def bear_lookback = highest(bear_cross, lookback);
plot signal = if bull_lookback then 2 else if bear_lookback then 1 else 0;
signal.AssignValueColor(if signal == 2 then Color.MAGENTA else if signal == 1 then Color.VIOLET else Color.WHITE );
AssignBackgroundCOlor(if signal == 2 then Color.MAGENTA else if signal == 1 then Color.VIOLET  else Color.WHITE);

 

[BenTen]

@rokeyaalamr Can you share a screenshot of your watchlist setting? The screen where you paste the script above into.

 

[rokeyaalamr]

Thanks BenTen! you are really active. Here's the link of the screen shot.

Also is there script or study for automatic support and resistances lines drawing? And drawing for pre-market highs and lows?

 

[saisharan511]

Hi Benten can we write EMA alert for above code that cross 20 in last 2 minutes? Can we write a code to give different alert that crossed EMA cross over in last 2 minutes. Because that helps from not catching the already running trades.

 

[jaykay]

Hi @BenTen, I was trying to create a query in TOS, but don't see watch changing colors. I know script has been more than year, have you made any new enhancements to it

 

[BenTen]

@jaykay No changes to this since.

 

[stockalerts72]

Hi,
I am looking for time of cross on watch list. when ever WAD crosses above SMA and below SMA , display time in watchlist

 

[Tdnation12]

Hi @BenTen . Is it possible to alter your code so that it will notify me when the Ema line crosses over the SMA line. I changed your code to include SMA 2 instead of ema 2. Thanks

 

[BenTen]

@Tdnation12 Sure, you can modify the existing script. MovAvgExponential will call for EMA while SimpleMovingAvg will call for SMA.

 

[Tdnation12]

@BenTen perfect thanks. For the line: input averageType = AverageType.EXPONENTIAL; do I leave this as is, or change to include both exponential and simple? Thanks once again!

 

[BenTen]

@Tdnation12 That is not being used in the script so you can either remove it or leave it as is.

 

[Tdnation12]

@BenTen got it!

 

[Sagar]

@BenTen Can we have some instruction regarding how to create the scanner alerts. Do i need to separate the bull and bear in code for scanner alerts. As in this code both are present. Appreciate your help sir.

 

[BenTen]

@Sagar This is for your watchlist column. If you want to get alerted for new crossovers all you have to do is create a scanner > save the scanner as a watchlist > Alerts when scan result change...

 

[fluentd]

Looking for some help with getting the EMA9 crossing the VWAP on 1min? Not sure if I can use this script for that? And the best to be able to add to watchlist and get alerted?

 

[BenTen]

@fluentd https://usethinkscript.com/threads/looking-for-ema-crossover-vwap-indicator.320/