/ZF or /ZN 20min Trading Setup For ThinkOrSwim

[TDTOS]

how can this be turned into a strategy?

 

[Tigerir]

Nice

 

[hboogie]

I'm not sure I understand what you mean by avg loss. Be glad to help if you could provide an example or something to help me grasp what you're trying to show. Thanks.

Also, if you add this by overwriting everything from # Total Profit or Loss down, it'll add a couple more labels (MaxUpPl and MaxDnPl) for the period you're viewing.

# Total Profit or Loss
def profitLossSum = compoundValue(1, if isNaN(isOrder)  or barnumber()==1 then 0 else if isOrder then profitLossSum[1] + profitLoss else profitLossSum[1], 0);

# How many trades won or lost
def profitWinners = compoundValue(1, if isNaN(profitWinners[1]) or barnumber()==1 then 0 else if isOrder and profitLoss > 0 then profitWinners[1] + 1 else profitWinners[1], 0);
def profitLosers = compoundValue(1, if isNaN(profitLosers[1])  or barnumber()==1 then 0 else if isOrder and profitLoss < 0 then profitLosers[1] + 1 else profitLosers[1], 0);
def profitPush = compoundValue(1, if isNaN(profitPush[1])  or barnumber()==1 then 0 else if isOrder and profitLoss == 0 then profitPush[1] + 1 else profitPush[1], 0);

# Current Open Trade Profit or Loss
def TradePL = If isLong then Round(((close - orderprice)/TickSize())*TickValue()) else if isShort then Round(((orderPrice - close)/TickSize())*TickValue()) else 0;

# Convert to actual dollars based on Tick Value for bubbles
def dollarProfitLoss = if orderPRice[1]==0 or isNaN(orderPrice[1]) then 0 else round((profitLoss/Ticksize())*Tickvalue());

# Closed Orders dollar P/L
def dollarPLSum = round((profitLossSum/Ticksize())*Tickvalue());
def maxUpSum = compoundValue(1, if isNan(maxUpSum[1]) or barnumber()==1 then 0 else if dollarPLSum > 0 AND dollarPLSum > maxUpSum[1] then dollarPLSum else maxUpSum[1],0);
def maxDnSum = compoundValue(1, if isNan(maxDnSum[1]) or barnumber()==1 then 0 else if dollarPLSum < 0 AND dollarPLSum < maxDnSum[1] then dollarPLSum else maxDnSum[1],0);

# Split profits or losses by long and short trades
def profitLong = compoundValue(1, if isNan(profitLong[1])  or barnumber()==1 then 0 else if isOrder and isLong[1] then profitLong[1]+dollarProfitLoss else profitLong[1],0);
def profitShort = compoundValue(1, if isNan(profitShort[1])  or barnumber()==1 then 0 else if isOrder and isShort[1] then profitShort[1]+dollarProfitLoss else profitShort[1],0);
def countLong = compoundValue(1, if isNaN(countLong[1])  or barnumber()==1 then 0 else if isOrder and isLong[1] then countLong[1]+1 else countLong[1],0);
def countShort = compoundValue(1, if isNaN(countShort[1])  or barnumber()==1 then 0 else if isOrder and isShort[1] then countShort[1]+1 else countShort[1],0);

# What was the biggest winning and losing trade
def biggestWin = compoundValue(1, if isNaN(biggestWin[1]) or barnumber()==1 then 0 else if isOrder and (dollarProfitLoss > 0) and (dollarProfitLoss > biggestWin[1]) then dollarProfitLoss else biggestWin[1], 0);
def biggestLoss = compoundValue(1, if isNaN(biggestLoss[1]) or barnumber()==1 then 0 else if isOrder and (dollarProfitLoss < 0) and (dollarProfitLoss < biggestLoss[1]) then dollarProfitLoss else biggestLoss[1], 0);

def ClosedTradeCount = if (isLong or isShort) then orderCount-1 else orderCount;
def OpenTrades = if (isLong or isShort) then 1 else 0;

def FuturesCommission = 6*ClosedTradeCount;


# What percent were winners
def PCTWin = if (OpenTrades and (TradePL < 0)) then round((profitWinners/(ClosedTradeCount+1))*100,2)
else if (OpenTrades and (TradePL > 0)) then round(((profitWinners+1)/(ClosedTradeCount+1))*100,2) else round(((profitWinners)/(ClosedTradeCount))*100,2) ;

# Average trade
def avgTrade = if (OpenTrades and (TradePL < 0)) then round(((dollarPLSum - TradePL)/(ClosedTradeCount+1)),2)
else if (OpenTrades and (TradePL > 0)) then round(((dollarPLSum + TradePL)/(ClosedTradeCount+1)),2) else round(((dollarPLSum)/(ClosedTradeCount)),2) ;


#######################################
##  Create Labels
#######################################


AddLabel(showLabels and isIntraDay, if MarketOpen then "Market Open" else "Market Closed", color.white);
AddLabel(showLabels, GetSymbol()+" Tick Size: "+TickSize()+" Value: "+TickValue(), color.white);
AddLabel(showLabels and (LongTrades and ShortTrades), "Long+Short Trades", color.white);
AddLabel(showLabels and (LongTrades and !ShortTrades),"Long Trades Only", color.white);
AddLabel(showLabels and (!LongTrades and ShortTrades),"Short Trades Only", color.white);
AddLabel(showLabels and (tradeDaytimeOnly),"Daytime Only", color.white);
AddLabel(showLabels and (UseFuturesFees),"Future Fees Incl", color.white);

AddLabel(showLabels, "Closed Orders: " + ClosedTradeCount + " P/L: " + AsDollars(dollarPLSum - if UseFuturesFees then FuturesCommission else 0), if dollarPLSum > 0 then Color.GREEN else if dollarPLSum< 0 then Color.RED else Color.GRAY);

AddLabel(if !IsNan(orderPrice) and showLabels then 1 else 0, "Closed+Open P/L: "+ AsDollars(TradePL+dollarPLSum - if UseFuturesFees then FuturesCommission else 0), if ((TradePL+dollarPLSum) > 0) then color.green else if ((TradePL+dollarPLSum - if UseFuturesFees then FuturesCommission else 0) < 0) then color.red else color.gray);

AddLabel(showLabels, "Avg per Trade: "+ AsDollars(avgTrade  - if UseFuturesFees then 6 else 0), if avgTrade > 0 then Color.Green else if avgTrade < 0 then Color.RED else Color.GRAY);
AddLabel(showLabels, "Winners: "+ PCTWin +"%",if PCTWin > 50 then color.green else if PCTWin > 40 then color.yellow else color.gray);

AddLabel(showLabels, "Long Profit: " +AsDollars(profitLong), if profitLong > 0 then color.green else if profitLong < 0 then color.red else color.gray);
AddLabel(showLabels, "Short Profit: " +AsDollars(profitShort), if profitShort > 0 then color.green else if profitShort < 0 then color.red else color.gray);

AddLabel(showLabels, "MaxUpTrade: "+ AsDollars(biggestWin) +" MaxDownTrade: "+AsDollars(biggestLoss), color.white);
AddLabel(showLabels, "MaxUpPL: "+ AsDollars(maxUpSum) +" MaxDownPL: "+AsDollars(maxDnSum), color.white);

AddLabel(if !IsNan(CurrentPosition) and showLabels and OpenTrades then 1 else 0, "Open: "+ (If isLong then "Bought" else "Sold") + " @ "+orderPrice, color.white);
AddLabel(if !IsNan(orderPrice) and showLabels and OpenTrades then 1 else 0, "Open Trade P/L: "+ AsDollars(TradePL), if (TradePL > 0) then color.green else if (TradePl < 0) then color.red else color.gray);



#######################################
##  Chart Bubbles for Profit/Loss
#######################################


AddChartBubble(showSignals and showBubbles and isOrder and isLong[1], low, "$"+dollarProfitLoss, if dollarProfitLoss == 0 then Color.LIGHT_GRAY else if dollarProfitLoss > 0 then Color.GREEN else color.Red, 0);
AddChartBubble(showSignals and showBubbles and isOrder and isShort[1], high,  "$"+dollarProfitLoss, if dollarProfitLoss == 0 then Color.LIGHT_GRAY else if dollarProfitLoss > 0 then Color.GREEN else color.Red, 1);

Hi, just coming across this thread and love the label strip you have created. I tried copying the above and am getting errors. Wondering if anyone has updated or corrected code for just the label strip ?

Thanks!