TT Custom TOS Think Scripts


What is thinkScript®?

thinkScript® is a built-in programming language that gives you the capability of creating your own analysis tools such as studies, strategies, watchlist columns, etc. In thinkScript®, you decide which kind of data to analyze with which methods. Functions present in this programming language are capable of retrieving both market and fiscal data and provide you with numerous techniques to process it. You are even able to combine many technical indicators in one by referencing them in your code or just using functions that represent the most popular studies such as simple or exponential moving average.

How do I learn to script?

We suggest you start with a set of tutorials we’ve prepared for you. You can find them here. Each tutorial comes with a quiz so you can check your knowledge.

If you already know how to create a script but are unsure what function or constant to use, you can find descriptions of all the thinkScript® building blocks: functionsconstantsdeclarationsoperators, and reserved words.

How can I use thinkScript®?

There are several ways you can use thinkScript® in thinkorswim:

  1. Create your own studies. Go to Charts -> Studies -> Edit Studies… -> Create… This will open thinkScript® Editor; more information here.
  2. Create your own strategies. Strategies are technical analysis tools that, in addition to analyzing data, add simulated orders to the chart so you can backtest your strategy. Strategies can be created the same way as studies, however, they must contain the AddOrder function. This function defines what kind of simulated order should be added on what condition. To create a strategy, go to Charts -> Studies -> Edit Studies… -> Strategies tab -> Create… More on thinkScript® strategies: here.
  3. Create your own watchlist columns. Available in watchlists all across the platform, this functionality calculates your custom formulas defined in thinkScript® language. More on Custom Quotes: here.
  4. Create alerts. You can be notified every time a study-based condition is fulfilled. This functionality is available from MarketWatch -> Alerts –> Study Alert. More info on study alerts: here.
  5. Add conditional orders. You can automatically place or cancel an order when a certain study-based condition is fulfilled, including conditions written in thinkScript®. This functionality is available from Order Entry -> Order Rules -> gear-and-plus icon. More info on thinkScript® Conditional Orders: here.
  6. Create scan queries. You can use thinkScript® in Stock Hacker to find symbols that meet your criteria. More info on thinkScript® in Stock Hacker: here.

Unusual Volume Scanner:

BB Squeeze Scanner:

Dumb Money Scanner:

Over Bought Scanner:

Over Sold Scanner:

BB Lower Crossover W/MACD Bear:

BB Upper Crossover W/MACD Bullish:

Bearish 3 Candle Gap Scan:

Bullish 3 Candle BB Upper Crossover:

Bearish 3 Candle BB Lower Crossover:

Bullish 3 Candle Gap Scan:

Auto Support Resistance Lines:


Transparent Traders Fib Alerts:

Volume Buy Sells:

Mentorship Supply & Demand Zones:

Mentorship When to Buy Sell Accumulation:

Moving Average Cloud Transparent Traders:

Average True Range “ATR”:

Transparent Traders created the first-ever solution that specifically alerts for swing trades. It will also alert for bullish & bearish day trades. Our Blackbox runs off of multiple algorithms and uses predictive A.I. to locate the most accurate day or swing trades that it calculates to give the best chance for success. Couple this with proper Due Diligence and our users are given the edge needed to be more successful in the trading world.

About Jonathon Walker 65 Articles
The Transparent Traders Blackbox 💸 Amazingly simple! "The TT Blackbox" runs off of multitude of custom coded algorithms and uses predictive A.I. to detect the most accurate day or swing trades that it calculates to give the best chance for success.

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