VWAP Crosses, Format, Watchlist, Label, Scan for ThinkorSwim

[thealphabreed]

@thealphabreed Yes.

would this work on a 1min and 5min chart or we need to edit the script for those timeframes?

 

[BenTen]

@thealphabreed It should work on any timeframe, I don't see why you would need to edit the script for this sort of setup.

 

[thealphabreed]

@thealphabreed It should work on any timeframe, I don't see why you would need to edit the script for this sort of setup.

Thanks @BenTen
Can you also direct me to a study that automatically draws flag patterns? (not just dots)

 

[fluentd]

I was able to get this setup on my chart but was hoping it would be created as a scanner/watchlist so that alerts could notify me 3 candles before the crossover happens. Has this been scripted?

 

[rad14733]

Try using crosses above instead of crosses in your script, otherwise it will indicate on above and below by default...

 

[Break Trader]

Hi everyone. im trying to write a strategy that is based on the 8MA crossing above the VWAP, i have a simple MA crossing the 50MA strategy that i started with but im not getting many signals and it seems to be missing a lot of crosses that i see happening on the chart, plus i would like to add a certain volume + percentage to trigger a signal if conditions are met.
1) 8MA crossing above VWAP
2) volume +200 percent above average on the candle that is trading when 8MA crosses.
Also was wondering if a early alert could be put into the script to alert that a cross is getting close

sounds impossible but if it can be done i would be extremely grateful

Thank you in advance for any response or help

 

[lucius]

@Vincenzo My apologies for the late reply. I am learning by reading this forum; dissecting code that looks close to something I want and try to make it work exactly how I want. Also this helps a lot https://tlc.thinkorswim.com/center/reference/thinkScript.

 

[Break Trader]

Hey guys, i was able to use this for the upper request i put in last week, it was moved this thread. Thank you. i tried to add a buy and sell order to this so i can back test it but im not getting any signals. Here is the code i have input, can anyone see if its the code or is it something im doing wrong?
Thank you in advance for any help

AddOrder(OrderType.BUY_AUTO, PriceMA crosses above PriceVWAP, tickColor = GetColor(1), arrowColor = GetColor(1), name = "VWAPCross");

AddOrder(OrderType.SELL_TO_CLOSE,PriceMA crosses below VWAP, tickColor = GetColor(2), arrowColor = GetColor(2), name = "VWAPCross");

 

[BenTen]

@Break Trader Are you trying to create a backtesting strategy for 9 EMA crossing VWAP? Try this script:

# Price crossing above or below 9 EMA and VWAP
# By BenTen of useThinkScript.com

declare upper;

# Moving Average
input priceMA = close;
input lengthMA = 9;
input displace = 0;
input showBreakoutSignals = yes;
input price = close;

def EMA = ExpAverage(priceMA[-displace], lengthMA);

# VWAP
input numDevDn = -2.0;
input numDevUp = 2.0;
input timeFrame = {default DAY, WEEK, MONTH};

def cap = GetAggregationPeriod();
def errorInAggregation =
    timeFrame == timeFrame.DAY and cap >= AggregationPeriod.WEEK or
    timeFrame == timeFrame.WEEK and cap >= AggregationPeriod.MONTH;
Assert(!errorInAggregation, "timeFrame should be not less than current chart aggregation period");

def yyyyMmDd = GetYYYYMMDD();
def periodIndx;
switch (timeFrame) {
case DAY:
    periodIndx = yyyyMmDd;
case WEEK:
    periodIndx = Floor((DaysFromDate(First(yyyyMmDd)) + GetDayOfWeek(First(yyyyMmDd))) / 7);
case MONTH:
    periodIndx = RoundDown(yyyyMmDd / 100, 0);
}
def isPeriodRolled = CompoundValue(1, periodIndx != periodIndx[1], yes);

def volumeSum;
def volumeVwapSum;
def volumeVwap2Sum;

if (isPeriodRolled) {
    volumeSum = volume;
    volumeVwapSum = volume * vwap;
    volumeVwap2Sum = volume * Sqr(vwap);
} else {
    volumeSum = CompoundValue(1, volumeSum[1] + volume, volume);
    volumeVwapSum = CompoundValue(1, volumeVwapSum[1] + volume * vwap, volume * vwap);
    volumeVwap2Sum = CompoundValue(1, volumeVwap2Sum[1] + volume * Sqr(vwap), volume * Sqr(vwap));
}
def priceVWAP = volumeVwapSum / volumeSum;
def deviation = Sqrt(Max(volumeVwap2Sum / volumeSum - Sqr(priceVWAP), 0));

def VWAP = priceVWAP;

def bullish_signal = EMA crosses above priceVWAP;
def bearish_signal = EMA crosses below priceVWAP;

# Plot Signals
plot bullish = bullish_signal;
bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullish.SetDefaultColor(Color.CYAN);
bullish.SetLineWeight(3);

plot bearish = bearish_signal;
bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearish.SetDefaultColor(Color.CYAN);
bearish.SetLineWeight(3);

AddOrder(OrderType.BUY_TO_OPEN, condition = bullish_signal, price = close,1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Long");

AddOrder(OrderType.SELL_TO_CLOSE, condition = bearish_signal, price = close,1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Cover");

 

[Break Trader]

@BenTen, thank you, this is doing almost everything i want it to do, im not getting a "buy" or "sell" signal on my chart where the MA crosses the VWAP i am getting a arrow but i cant get a report from the arrow

I got it to work, i had originally placed in through studies, after i put through in the strategy tab it worked.
Thank you for your help

 

[givemefood]

BenTen - The ToS editor displays "Exactly one plot expected" at the bottom when I add your code to it. Does it require an if-else condition? Pls advise. Thanks.

 

[BenTen]

@givemefood What do you mean? The indicator is working fine for me. Show a screenshot of the error.

 

[givemefood]

BenTen - The ToS editor displays "Exactly one plot expected" at the bottom when I add your code to it. Does it require an if-else condition? Pls advise. Thanks.

I've attached a screenshot of the bottom half of your code. It won't let me save until I hashtag out one of the plots- either bullish or bearish. I can't leave both open.

Also, how is the scan supposed to work? Only list tickers that cross-over either direction at that point in time?

Appreciate your help.

 

[BenTen]

@givemefood That doesn't look like the right place to add the script. If you don't know how to import an indicator, I would go through this tutorial: https://usethinkscript.com/threads/how-to-import-existing-thinkscript-code-on-thinkorswim.10/

 

[Bendu]

@Shawtysto Change the close is greater than or equal VWAP filter to this:

close is greater than or equal to reference VWAP()."VWAP" * .98 and close is less than reference VWAP ()."VWAP" * 1.02

 

[pga0008]

Can I ask - how would you adjust this so that it would only pull stocks that just crossed in the last 5 minutes, not stocks that crossed an hour ago that are still above the VWAP. I am trying to scan for only NEW crosses

 

[BenTen]

@pga0008 Set the timeframe of your scanner to 5m

 

[pga0008]

I have done that but what its doing is then pulling all stocks that are “still above”. What I’m looking to scan for are those stocks that within the last 5 minutes “just crossed”

 

[BenTen]

@pga0008 I would set it up like this:

Make sure to exclude the EXT option.

 

[pga0008]

And if I set it to 5 minutes it will only shows symbols that just crossed (ie: 5 minutes ago)in the watch list? Can i set it to 1 min or will it not work that fast?