Previous Day High and Low Breakout Indicator for ThinkorSwim

[Slappytheking]

I want the midpoint between previous days open and close......no high or low.....just open and close....

So will my script use previous day open, previous day close and calculate the mid point?"

Thanks benten for all the help.

Also, will this draw a line across the screen? Thanks again

 

[BenTen]

@Slappytheking No, this will not extend to the right of your chart. Only to the current day unless you have expansion on. That may give you a projection for tomorrow's levels.

 

[wst459]

Hi,
I want to create two watchlist columns that display the high and low after a specific time, ie after 11:30am. Is this possible?

 

[BenTen]

@wst459 Maybe something like this should work https://usethinkscript.com/threads/opening-range-orb-watchlist-column-for-thinkorswim.140/

You may have to modify the code a bit if you wanted something more specific.

 

[Lyled7]

@divinci01 Since you just want to plot and scan for the previous day's high and low, here is the script for that (taken from post #1)

# 5 min opening range
# Robert Payne
#Plot opening range high / low
input OpenRangeMinutes = 5;
input MarketOpenTime = 0930;
input ShowTodayOnly = yes;

def Today = if GetDay() == GetLastDay() then 1 else 0;

#Plot yesterday's high / low
plot Yhigh = if ShowTodayOnly and !Today then Double.NaN else high(period = "day" )[1];
plot Ylow = if ShowTodayOnly and !Today then Double.NaN else low(period = "day" )[1];

Yhigh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Yhigh.SetDefaultColor(Color.UPTICK);
Yhigh.SetLineWeight(2);
Ylow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Ylow.SetDefaultColor(Color.DOWNTICK);
Ylow.SetLineWeight(2);

Add it as a separate indicator and then setup your scanner to something like this:

I can't see the bottom portion of this post to see how you are suggesting to setup the scanner - can you repost that?

 

[BenTen]

@Taye Sure, look at the bottom of the script and delete the following:

AssignPriceColor(if close >= Yhigh then Color.GREEN
  else if close <= Ylow then Color.RED
  else Color.CURRENT);

AssignPriceColor(if close > Yhigh and open < close then Color.White
  else if close > YHIGH and open > close then Color.Gray
  else if close < Ylow and open < close then Color.White
  else if close < Ylow and open > close then Color.Gray
  else Color.CURRENT);

 

[Lyled7]

@divinci01 Since you just want to plot and scan for the previous day's high and low, here is the script for that (taken from post #1)

# 5 min opening range
# Robert Payne
#Plot opening range high / low
input OpenRangeMinutes = 5;
input MarketOpenTime = 0930;
input ShowTodayOnly = yes;

def Today = if GetDay() == GetLastDay() then 1 else 0;

#Plot yesterday's high / low
plot Yhigh = if ShowTodayOnly and !Today then Double.NaN else high(period = "day" )[1];
plot Ylow = if ShowTodayOnly and !Today then Double.NaN else low(period = "day" )[1];

Yhigh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Yhigh.SetDefaultColor(Color.UPTICK);
Yhigh.SetLineWeight(2);
Ylow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Ylow.SetDefaultColor(Color.DOWNTICK);
Ylow.SetLineWeight(2);

Add it as a separate indicator and then setup your scanner to something like this:

It seems this will only allow you to use the 1day (D) timeframe. So if you are using the 5min chart, for example, how can this alert you when the close crosses over the high (or below the low)? @BenTen

 

[BenTen]

@Lyled7 I don't see anything wrong with it. If the close of the current 5m candle closes below the Previous day high or low, the same can be shown on the daily chart. You're going to get the same result.

 

[Lyled7]

@Lyled7 I don't see anything wrong with it. If the close of the current 5m candle closes below the Previous day high or low, the same can be shown on the daily chart. You're going to get the same result.

Ok so the scanner would bring up the stock as soon as it crosses above the PDH? Maybe I’m confused but I thought the daily chart shows one bar for the entire day.

 

[BenTen]

@Lyled7 That one bar still moves around, though. So you should still be able to use it to scan for candidates crossing above or below a specific line.

 

[Lyled7]

@Lyled7 That one bar still moves around, though. So you should still be able to use it to scan for candidates crossing above or below a specific line.

Ok - i'll set it up and give it a run tomorrow to see how it works.

Not to beat a dead horse, b/c I might be totally wrong, but for the scanner to return a stock meeting the criteria you select "within 1 bar" - doesn't that bar have to finish, and then a new bar started? For example, let's say you are using a 1 min chart..... at 9:30:27 am stock ABC meets the criteria set in the scanner. Within 1 bar would mean the scanner would show ABC only after the current bar finishes at 9:31am and the next 1 minute bar has started.

If that's the case, then on a daily chart that only has 1 bar for the entire day - the scanner would never return any results b/c that 1 bar doesn't finish until 4pm.

Am I completely wrong here? And thank you for helping me out, i appreciate it! And sorry if i'm not explaining my thought process clearly.

 

[BenTen]

@Lyled7 Within 1 bar means the current/latest bar, even if it's still developing.

 

[Lyled7]

@Lyled7 Within 1 bar means the current/latest bar, even if it's still developing.

i have my setup as described above but am not getting any results.

 

[BenTen]

@Lyled7 It could be that at the time of scanning, there wasn't any stock matching your condition. I tried a different condition such as below and it worked. At least we know the scanner is working.

 

[Lyled7]

@Lyled7 It could be that at the time of scanning, there wasn't any stock matching your condition. I tried a different condition such as below and it worked. At least we know the scanner is working.

Can you show me your setup?

 

[BenTen]

@Lyled7 What do you mean by that? I don't use this specific scanner. I was just setting it up to show you how the condition works.

 

[Axel]

Hello!

Facing a problem with making TOS save yesterdays RTH High and Low when Extended Trading Hours are ON.

Need this as a part for my pre-market scanner.

Using thin piece of code and its not working.

Any help is highly appreciated!!!

def RTH = GetTime() >= RegularTradingStart(GetYYYYMMDD()) and
                 GetTime() <= RegularTradingEnd(GetYYYYMMDD());

def yHighRTH = if !RTH then yHighRTH[1] else if RTH and high > yHighRTH[1] then high else yHighRTH[1]; #yesterday's high

 

[Phyregold]

Hello! I found this forum and I was hoping to get a little bit of help. All I want is to have a yellow arrow on top of the bar that crosses the previous day high or low. I tried modifying the screw drawing strategies but didn't have any luck. Could someone help me?

 

[airsakuragi]

@divinci01 Since you just want to plot and scan for the previous day's high and low, here is the script for that (taken from post #1)

# 5 min opening range
# Robert Payne
#Plot opening range high / low
input OpenRangeMinutes = 5;
input MarketOpenTime = 0930;
input ShowTodayOnly = yes;

def Today = if GetDay() == GetLastDay() then 1 else 0;

#Plot yesterday's high / low
plot Yhigh = if ShowTodayOnly and !Today then Double.NaN else high(period = "day" )[1];
plot Ylow = if ShowTodayOnly and !Today then Double.NaN else low(period = "day" )[1];

Yhigh.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Yhigh.SetDefaultColor(Color.UPTICK);
Yhigh.SetLineWeight(2);
Ylow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Ylow.SetDefaultColor(Color.DOWNTICK);
Ylow.SetLineWeight(2);

Add it as a separate indicator and then setup your scanner to something like this:

Hi @BenTen,
is the aggregate for this is only on DAY??? i tried to change it to 2 min, I get an error.
Thank you

 

[BenTen]

@airsakuragi Yeah, you have to set it to the Daily chart.