Introduction to thinkorswim
Thinkorswim is a powerful, easy-to-use platform that allows you to trade the markets with confidence. With thinkorswim, you have access to professional-grade trading tools and resources, so you can trade with ease and take your trading to the next level.
What is thinkscript code?
ThinkScript is the proprietary programming language used by TD Ameritrade’s thinkorswim platform. It is a capable language, with all of the features one would expect in a modern scripting language, including variables, functions, loops, and conditionals.
One unique feature of ThinkScript is that it allows users to access the underlying data of the thinkorswim platform. This data includes all of the tick data for every asset traded on the platform, as well as any historical price data. This gives thinkorswim users a huge advantage when developing trading strategies and backtesting them against real market data.
ThinkScript code can be entered into various areas of the thinkorswim platform, including studies (custom indicators), strategies, watchlists, filters, and alerts.
How to use thinkscript code
In order to use the thinkscript code provided on our website, you will need to follow these steps:
1. Log in to your thinkorswim account.
2. Go to the “Charts” tab and select “Price History” from the drop-down menu.
3. Select the time frame you want to viewthinkorswim chart for.
4. Right-click on the chart and select “ThinkScript Editor” from the drop-down menu.
5. Paste the thinkscript code into the editor and click “OK”.
6. The code will be applied to your chart and you will be able to see the results immediately.
Examples of thinkscript code
There are many different types of thinkscript code that you can use to customize your thinkorswim experience. Here are some examples:
Adding an alert to a study:
Alert( “This is an alert!” );
Adding a horizontal line to a chart:
plot hline = 50;
Creating a custom indicator:
input length = 10; def avg = ExpAverage(close, length); plot Indicator1 = avg;
How to get free thinkscript code
If you’re looking for free thinkscript code for thinkorswim, there are a few places you can look. One is the thinkorswim Sharing server, where users can share their thinkscripts with other users. Another place to look is the thinkorswim Code Library, which contains a collection of user-submitted thinkscripts. Finally, you can also find some free code on the thinkorswim website itself, in the Resources section.
What are the benefits of thinkscript code?
There are many benefits to thinkscript code, including the ability to customize your own trading strategies, backtest your ideas, and automate your trading. Thinkscript code can also be used to create custom indicators and alerts.
How to find free thinkscript Indicators
There are a few ways to find free thinkscript code for thinkorswim. The first is to search for it on the internet. There are many websites that offer free code, but it is important to make sure that the website is reputable and that the code is safe to use.
Another way to find free thinkscript code is to ask other traders. Many traders are happy to share their own code or help others find what they need. You can also check out forums and chat rooms dedicated to trading and look for posts about thinkscript code.
Conclusion
ThinkScript is an incredibly powerful tool for customizing your thinkorswim platform and making the most out of it. We hope this article has provided you with some insight into how to use ThinkScript code to customize your thinkorswim platform and get more out of it. With a little bit of practice, anyone can learn how to write basic ThinkScript code and make their trading experience much more efficient. So why not take advantage today by trying out some free thinkScript code on thinkorswim?
