Was wondering if it would be possible to create a scan only looking for a certain support or resistance level using the Woodie Pivots in TOS. For example, lets say I want to know which stocks are close to their Woodie R3 level (intraday) and if it would be possible to also have alerts when the price is lets say 5 cents from hitting the R3, that would have been great.
Can a scanner like this be made?
Here's the code for the Thinkorswim Woodie Pivots
Can a scanner like this be made?
Here's the code for the Thinkorswim Woodie Pivots
Code:
#
# TD Ameritrade IP Company, Inc. (c) 2009-2019
#
input timeFrame = {default DAY, "2 DAYS", "3 DAYS", "4 DAYS", WEEK, MONTH, "OPT EXP", QUARTER, YEAR};
input showOnlyToday = no;
def highByPeriod = high(period = timeFrame)[1];
def lowByPeriod = low(period = timeFrame)[1];
def openByPeriod = open(period = timeFrame);
def closeByPeriod = close(period = timeFrame)[-1];
plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;
if showOnlyToday and !IsNaN(closeByPeriod)
then {
R1 = Double.NaN;
R2 = Double.NaN;
R3 = Double.NaN;
PP = Double.NaN;
S1 = Double.NaN;
S2 = Double.NaN;
S3 = Double.NaN;
} else {
PP = (highByPeriod + lowByPeriod + 2 * openByPeriod) / 4;
R1 = 2 * PP - lowByPeriod;
S1 = 2 * PP - highByPeriod;
R2 = PP + R1 - S1;
S2 = PP + S1 - R1;
R3 = R2 + R1 - PP;
S3 = S2 + S1 - PP;
}
PP.SetDefaultColor(GetColor(0));
R1.SetDefaultColor(GetColor(5));
R2.SetDefaultColor(GetColor(5));
R3.SetDefaultColor(GetColor(5));
S1.SetDefaultColor(GetColor(6));
S2.SetDefaultColor(GetColor(6));
S3.SetDefaultColor(GetColor(6));
PP.SetStyle(Curve.SHORT_DASH);
R1.SetStyle(Curve.SHORT_DASH);
R2.SetStyle(Curve.SHORT_DASH);
R3.SetStyle(Curve.SHORT_DASH);
S1.SetStyle(Curve.SHORT_DASH);
S2.SetStyle(Curve.SHORT_DASH);
S3.SetStyle(Curve.SHORT_DASH);
def paintingStrategy = if timeframe == timeframe.WEEK then PaintingStrategy.LINE_VS_TRIANGLES else if timeFrame == timeFrame.MONTH or timeFrame == timeFrame."OPT EXP" or timeFrame == timeFrame.QUARTER or timeFrame == timeFrame.YEAR then PaintingStrategy.LINE_VS_SQUARES else PaintingStrategy.LINE_VS_POINTS;
PP.SetPaintingStrategy(paintingStrategy);
R1.SetPaintingStrategy(paintingStrategy);
R2.SetPaintingStrategy(paintingStrategy);
R3.SetPaintingStrategy(paintingStrategy);
S1.SetPaintingStrategy(paintingStrategy);
S2.SetPaintingStrategy(paintingStrategy);
S3.SetPaintingStrategy(paintingStrategy);
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