Entry, Target, Profit Loss (PnL) Watchlists, Labels of Owned Equities In ThinkOrSwim

[kalyan]

Hello all,

I noticed some useful features on my Webull app that are missing in Thinkorswim. I have attached an image to check if its possible to add these feature on TOS windows program.

1. I would like to see: Profit/Loss dollar estimate on the chart. This changes dynamically as I move the stop loss or take profit level (OCO order).

2. I also want to see my Point of sale (POS) listed on the chart. Once my order fills, there is no mark on TOS chart to see at what level my stock was purchased at. I have to go to monitor tab or order entry to see my Trade price. I attached an image of how POS appears on Webull.

Thank you

 

[BenTen]

@kalyan

1. Not possible
2. Try enabling "Show trades" in your chart's settings

 

[kalyan]

Thanks for the quick reply. I have tried Show trades before but its not accurate. It places a price bubble with arrow pointing to candlestick but its not the actual price level. I have to go back with price level tool to place a line at point of purchase. For example, I bought AAPL at 379.87 but the arrow points no where near 379.87. Also it shows all my previous trades which clutters up the screen if I buy and sell multiple times in a day. I have attached a screenshot of my TOS. It will be nice if it showed only the current POS price level on the chart.

 

[Pensar]

@kalyan Try this code by Mobius -

# Plotting Average Actual Entry
# Mobius
# 01.01.2018

input HardStop = 3.00;
input Dir = {default long, short};

plot hide = double.nan;
     hide.setDefaultColor(Color.Black);
def c = if isNaN(close[-1]) then close else c[1];
def Entry = if isNaN(GetAveragePrice())
            then Entry[1]
            else GetAveragePrice();
def LastEntryBar = if Entry != Entry[1]
                   then barNumber()
                   else LastEntryBar[1];
plot Entry_ = if barNumber() >= HighestAll(LastEntryBar) and Entry > 0
              then highestAll(if isNaN(close[-1])
                              then Entry
                              else double.nan)
              else double.nan;
     Entry_.SetStyle(Curve.Long_Dash);
     Entry_.SetLineWeight(3);
     Entry_.SetDefaultColor(CreateColor(255,215,0));
     Entry_.HideBubble();
     Entry_.HideTitle();
def PL = if Entry > 0 then Entry - c else 0;
AddChartBubble(barNumber() == HighestAll(barNumber()), Entry_, "AVG " +AsDollars(Entry), Entry_.TakeValueColor());
#Alert(c crosses below Entry, "", Alert.Bar, Sound.Chimes);
#Alert(c crosses above Entry, "", Alert.Bar, Sound.Ring);
plot stop;
switch (Dir)
{
case long:
    stop = Entry_ - HardStop;
case short:
    stop = Entry_ + HardStop;
}
#Alert(close crosses stop, "STOP", Alert.Bar, Sound.Bell);
# End Code

Also, try creating a watchlist and select "current account positions". Then, choose your desired columns, such as "Avg Price", "P/L %", "P/L Open", etc.

 

[kalyan]

Thank you for the code. It is working great for the POS. I dont see "current account positions" under New watchlist.

Thanks again

 

[Pensar]

@kalyan Perhaps a picture can explain better. It is just above the "company profile" and "Social Sentiment" selections.

 

[kalyan]

Got it. Thanks.

 

[Christopher_]

Still hunting. For clarity, TOS can show you the price of a purchase and sale in the platform....it has the green arrow up or down for Sale.

I am looking for something similar to when you have an order in place that shows the horizontal line of the trade executed.

Thanks!

 

[Pensar]

@wcsharron Maybe look at this post, or you could try the modified code below that I have lately been using.
Note: Please ensure that the below study plots correctly before using.

# Average Actual Entry
# Mobius
# 01.01.2018

# Removed portions of Mobius' code, added quantity and replaced Mobius' P/L
# calculation with GetOpenPL().
# Color-coded label, edited study look/colors for personal preference

def PL = GetOpenPL();
def c = if isNaN(close[-1]) then close else c[1];
def Entry = if isNaN(GetAveragePrice()) then Entry[1] else GetAveragePrice();
def LastEntryBar = if Entry != Entry[1] then barNumber() else LastEntryBar[1];

plot Entry_ = if barNumber() >= HighestAll(LastEntryBar) and Entry > 0
              then highestAll(if isNaN(close[-1]) then Entry else double.nan) else double.nan;
     Entry_.SetStyle(Curve.SHORT_DASH);
     Entry_.SetLineWeight(3);
     Entry_.SetDefaultColor(color.BLUE);
     Entry_.HideBubble();
     Entry_.HideTitle();

AddLabel(1, "Qty: " + GetQuantity() +
         "   Avg Cost $" + Entry +
         "   P/L: " + AsDollars(PL),
         if PL == 0 then color.cyan
         else if PL > 0 then color.green
         else color.red);
# end code

 

[Tweak155]

I also have this problem. It works properly in paper trading, but I only get N/A in real trading. Anyone know why that might be?

 

[chex]

I had the same problem, getAveragePrice was always "N/A". I contacted support via live chat and they immediately pointed me to the "Advanced Features" setting which needs to be enabled: Ameritrade.com > Client Services > My Profile > General > Advanced Features
It took a few hours to kick in, but now I get the correct values from the Portfolio functions.

 

[Tweak155]

I had the same problem, getAveragePrice was always "N/A". I contacted support via live chat and they immediately pointed me to the "Advanced Features" setting which needs to be enabled: Ameritrade.com > Client Services > My Profile > General > Advanced Features
It took a few hours to kick in, but now I get the correct values from the Portfolio functions.

Ha! I also figured this out a couple days ago (I think I turned it on the day I posted my reply), but forgot to update this chain. It also fixes "Show Trades" and my mobile alerts. Been a life saver. Google should have this answer more readily!

Thanks!

 

[tomsey]

Hi Gang,

This is just what I was looking to add to my charts... Why TOS doesn't have this feature is beyond me....

To take this feature 1-step further, is there any way to add the "P/L Percentage" in parenthesis to the right of the P/L dollar figure?

 

[Pensar]

@evanevans You mentioned creating an P/L cloud in another thread based on the average cost. Here is a snippet for adding a P/L cloud to this code, may want to test it before using. I ran it today in PaperMoney to test the cloud plots.

input show_cloud = yes;
def up = if PL > 0 then Entry_ else double.nan;
def dn = if PL < 0 then Entry_ else double.nan;
AddCloud(if show_cloud then up else double.nan,hl2,color.green, color.green);
AddCloud(if show_cloud then dn else double.nan,hl2,color.red,color.red);

 

[Glefdar]

I want to display a simple P/L open label on an upper chart and have the following code:

def PLOpen =  GetOpenPL();

AddLabel (yes, "P/L: " + if ( PLOpen >= 0 ) then PLOpen else PLOpen, if PLOpen > 0 then Color.Black else Color.Red);
# if PL > 0 then CreateColor(0,0,0) else CreateColor(255,0,0);

Instead of displaying "0" if there is no open position, the chart label doesn't show up at all and in its place there is a small error icon (an exclamation point in a circle) on the chart. This is going to be visually distracting to have the label pop in and out of existence based on the existence of a temporarily open position. Is there a simple way to structure an if/then/else or other type of conditional to cause "0" or "No Position" to display when GetOpenPL is returning a null value (ideally, in this case I'd also like the color of the label to be gray instead of red or black - I haven't figured out a way to have three potential label colors either, only two based on if/then/else)?

 

[rad14733]

@lmk99 Is this more what you are looking for...??? The label should only display if there is an open trade...

def PLOpen =  GetOpenPL();

AddLabel (GetQuantity() > 0, "P/L: " + AsText(PLOpen, NumberFormat.DOLLAR), if PLOpen > 0 then Color.GREEN else if PLOpen < 0 then Color.RED else Color.GRAY);

 

[Glefdar]

@rad14733 The label wasn't displaying before because the 8 minute aggregation period wasn't supported for Portfolio functions. It works on the 5min chart. I want the label to indicate no position instead of disappearing when there's no open position, so it's OK for my purposes that it currently shows "P/L Open: 0" in that case. However I really appreciate your improvement of using "NumberFormat.DOLLAR" - thanks for that, I have made that update to my code!

 

[rlohmeyer]

I also use a snippet of code in another script I have on my charts that draws a line at my entry point. I plot it as dots rather than a line. Once I am out of the trade on a specific bar, I can easily tell which bar I exited on. See jpg below and code beneath.

What I was hoping to find was how to change the color of the line based on whether I entered short or long. Anyone have suggestions?

#Entry Line
declare upper;
def EP = Round(GetAveragePrice(),2);
Plot EntryLine = EP;

 

[mfsteve]

Apparently not once the position is closed. But you can add p/l stuff to the watchlist columns.

 

[giorgio]

Thanks guys. I was hoping to get PnL just going through some of my trades on the charts.