22 Replies to “Thinkorswim (TOS) Tutorial: Adding ATR and Expected Move to Chart corner”

1. Arturo Medrano says:

   January 19, 2015 at 9:42 pm

   Thanks Gino, very useful labels!

   I have a question. Where does the 15.87 dividing implied volatility come from?

   Thanks!
   Arturo

2. SCOTT WHEELER says:

   January 19, 2015 at 10:09 pm

   Thank you again Gino. Is there any way to show us how to put in the $AH13-$ARL03M into our think or swim platforms?

   1. Jack Teoh says:

      January 19, 2015 at 11:08 pm

      Scott , I believe the symbol you are talking about is $ARHI3M-$ARLO3M

3. Troy Mitchell says:

   January 20, 2015 at 10:48 am

   Thanks again. Really opens up the visual real Estate.

   One quick question. How do you put the volume on the price chart instead of at the bottom?

   1. Gino P. (Theta Maker) says:

      January 20, 2015 at 11:11 am

      Volume …thats in the settings under style tab then settings> then bottom right check box that says overlap volume

4. Gino P. (Theta Maker) says:

   January 20, 2015 at 11:14 am

   I have a question. Where does the 15.87 dividing implied volatility come from?
   It is square root of the # of trading days. Volatility formulas and expected move based on option pricing… Fun math!

5. Sundar says:

   June 1, 2015 at 10:55 am

   Thanks for the tip on moving up the ATR. Saves screen space and allows me to add other studies at the bottom.

6. AaronCrowley says:

   June 8, 2015 at 9:01 am

   Thx. Not sure if this is correct or not, but the ATR that is listed in the yellow box at the top of my page is different than the ATR on the graph bar on the bottom of my page. A whole number difference. Is this right?

7. Khurshed Birdie says:

   June 9, 2015 at 11:51 am

   Thanks Coach G, this helps on my small laptop.

8. RichardAshton says:

   July 27, 2015 at 9:40 pm

   Thanks, freeze up space on my laptop an makes it easier to read

9. Frank says:

   February 19, 2016 at 9:58 am

   This is nice Gino. Here’s script to add IV on the right hand corner as well.

   Here is the data below to copy and paste:

   declare upper;
   input period = AggregationPeriod.DAY ;
   #hint period: time period to use for aggregating implied volatility.
   input length =252 ;
   #hint length: #bars to use in implied volatility calculation.
   def ivGapHi = if isnan(imp_volatility(period=period)) then 99999999999 else imp_volatility(period=period);
   def ivGapLo = if isnan(imp_volatility(period=period)) then -99999999999 else imp_volatility(period=period);
   def periodHigh = highest( ivGapLo,length=length);
   def periodLow = lowest( ivGapHi, length=length);
   def ivRange = periodHigh – periodLow ;
   def ivp = round( 100*(imp_volatility(period=period) – periodLow)/ivRange, 0);

   AddLabel(1, Concat(“IV% “, ivp), if ivp > 80
   then Color.Green
   else if ivp 50
   then Color.Yellow
   else color.Red);

10. Frank says:

    February 19, 2016 at 9:58 am

    Sorry, I meant it will add it to upper left hand corner on your charts.

11. Micheal Pacheco says:

    March 15, 2016 at 10:29 pm

    There seems to have been lots of confusion in Master Trader classes about why this MA doesn’t match the chart’s MA. The difference is that this is simple while the chart’s default is Wilders.

    Here’s an edit I came up with which will set this to use the Wilders algorithm.

    input ATRLength = 14;
    def ATR = Round(MovingAverage(AverageType.WILDERS, TrueRange(high, close, low), ATRLength),2);
    def iv = Round(close() * (imp_volatility() / 15.87), 3);
    AddLabel(yes, Concat(“ATR=”, ATR), Color.YELLOW);
    AddLabel(yes, Concat(” ExpM=”, iv), Color.YELLOW);

12. ChristopherHall says:

    July 21, 2017 at 5:49 am

    I’m trying to code the Expected Move for any symbol beginning on Monday AM for the week. The results I see with your code is totally different from the weekly expected move shown in TOS.
    What am I doing wrong?

    Thanks

13. scotts says:

    May 4, 2018 at 5:45 pm

    Is it possible to create a similar button for Float?

    1. Tim Justice says:

       May 6, 2018 at 7:33 am

       Do you use a ‘Float’ indicator, or are you referring to the Short Float that a company carries regarding short interest?

       1. scotts says:

          May 7, 2018 at 11:03 am

          I asked about this as the only chart indicator I see is FloatPL; not certain what that is providing. I would really like to see Float alongside ATR.

       2. scotts says:

          May 7, 2018 at 11:40 am

          Float, as in the number of outstanding/available shares

       3. Tim Justice says:

          May 8, 2018 at 8:55 am

          I dont’ know if TOS can do this….there might be a way to create a custom script, but pulling data that’s not in the chart data to list on the chart isn’t something I’m aware of how to do.

14. scotts says:

    May 7, 2018 at 11:45 am

    If needed, here’s an example chart I use: https://goo.gl/6DLttQ

    1. Tim Justice says:

       May 8, 2018 at 8:56 am

       I like the chart setup Scotts….adding float to the chart will require a custom script, and even at that I’m not sure it’s possible to do….try contacting TOS directly on this one…

       1. scotts says:

          May 10, 2018 at 1:57 pm

          Thanks @Tim.

Comments are closed.