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TOS Multimeter block?
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Created: by The Gurok Attachments:0

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TOS Multimeter block?

  #1 (permalink)
Trading Apprentice
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TOS Multimeter block?

Hello,

Anyone know if TOS has a multimeter indicator like TRO multimeter block indicator(just google it unfortunately I cannot post links in this forum) How would I go about trying to program something like this? This indicator was very helpful to me on metatrader 4 but unfortunately metatrader 4 is lacking in the stocks I need. It is a little bit annoying to have like 5 different charts up on different time frames at the same time so any help with trying to program something this would be great.

Thanks

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  #2 (permalink)
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thinkscript does not have handles for L2 data :/

Psychology > Strategy ≥ Money
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  #3 (permalink)
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May I ask what do you mean by L2 handles? Also what does strategy < money mean? It would be really unfortunate if there is no work around this, having 4 monitors in one space is not an option because I am limited on space LOL. Thank you for your reply

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  #4 (permalink)
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Here is my current pseudo code for this project my biggest challenge will be getting the red and green rectangles to match with the current candle color on multiple time frames. I could use arrows instead of rectangles also.


A)

1. write 1m 5m 15m 30m at top middle of screen.


B)
1. If current 1M candle is red

Draw"small red rectangle at the top of the screen under 1M"

or

If current 1M candle is Green

Draw"small green rectangle at the top of the screen under 1M"



2. If current 5M candle is green

Draw"small green rectangle at the top of screen under 5M"

If current 5M candle is red

Draw"small red rectangle at the top of screen under 5M"

etc...

Objectives

1) Program thinkscript to put the current time frames at the top of the screen.
2) Program thinkscript to draw small red or green rectangles(or arrows).
3) Match red or green rectangles with the current time frame candle color.

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  #5 (permalink)
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Issues:
  • Label in middle of top: cant do. Can only be on the top left.
  • You can only reference higher timeframes. So your main chart will need ot be the 1m chart if you want to know what the other timeframes are doing.

What you will need:
Secondary aggregations
addlabel
Coloring the labels is not an issue, all you need for that is close(agg) > open(agg)

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  #6 (permalink)
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The Gurok View Post
May I ask what do you mean by L2 handles? Also what does strategy < money mean? It would be really unfortunate if there is no work around this, having 4 monitors in one space is not an option because I am limited on space LOL. Thank you for your reply

I thought you were trying to use L2 data...my bad.

Psychology > Strategy ≥ Money
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  #7 (permalink)
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emanon View Post
Issues:
  • Label in middle of top: cant do. Can only be on the top left.
  • You can only reference higher timeframes. So your main chart will need ot be the 1m chart if you want to know what the other timeframes are doing.

What you will need:
Secondary aggregations
addlabel
Coloring the labels is not an issue, all you need for that is close(agg) > open(agg)


Oh I see well that 1 min chart timeframe thing is going to be a challenge. Are there any indicators in thinkorswim where I can get in on pull backs in a up trend?

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  #8 (permalink)
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There are many ways to do that, can be something as simple as a fast and slow MA crossover above a very long ma, like 200.
Or it can be way more complicated.

I'd suggest going through other scripts and learn how to write them, that will really open the door for you to explore your different ideas

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  #9 (permalink)
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The Gurok View Post
Also what does strategy < money mean?

Well I think you have it backwards there but it means that strategy comes first.
It is of greater importance than money. With the right strategy, the money will come.
So don't focus on money. Don't enter based on how much money you can make. Don't
avoid exiting because the monetary amount doesn't hurt yet. Play the game.

Psychology > Strategy ≥ Money
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