Thinkscript getstrike I tried pretty much all combinations of getting it to work without the strike, "P" or "C", expiry, etc. The type of securities and investment strategies mentioned may not be suitable for everyone. Jan 27, 2020 #1 Does anyone know if the EntryPrice() function works with lower Floating P&L study's that Example declare lower; plot approxTheta = (OptionPrice() - OptionPrice(DaysToExpiration = GetDaysToExpiration() + 1)); plot Theta = Theta(); This example illustrates the approximate calculation of theta by finding a change in the theoretical option price produced by increasing the time to expiration by one day. 5 or $0. #quanttradingapp #quanttrading———————— Does anyone know if there is a way to add option strike prices to the security's price chart? Say I am looking at ABC and want the Nov 27 contract's strike prices on the chart along with the candlesticks of ABC. Thanks . TOS-Thinkscript; Topics; × Close Search Search Cancel Date Date 1 - 5 of 5 previous page next page Black Scholes Option Plot : ATM Strike Call and Put Gordon. BenTen Administrative. For example today's high minis today low. For example, I would like to graph a line for the strike price of some specific delta with 0-5 days till expiration from the options chain. I'm using this: def underlyingStockLastPrice = ThinkScript Portfolio Functions In ThinkOrSwim Are Now Working! Questions: 11: May 21, 2024: S: Choppiness Index thinkscript and Chandelier Indicator thinkscript: Questions: 1: Apr 28, 2024: E: Net Liq on Chart Thinkscript: How to get Option Bid and Ask? Hey swimmers, I don't know why Thinkorswim is so reluctant to include some useful fields and metrics. jpbcx43 New member. In thinkScript®, you decide which kind of data to analyze with which methods. RP Indicators has no I'm just getting started with ThinkScript although I have a fair amount of experience programming with general purpose languages (e. There is probably a way to add price through Thinkscript, but that is currently beyond me. Not investment advice, or a recommendation of any specific security, strategy, or account type. This is something that can't be done in Pine. current stock price, in % form? Trying to see the bid of an option compared to the current underlying stock, in percent form. A positive Call Skew is common in stocks which have outsized The actual answer is that TOS calculates the underlying priced based on the The Black-Scholes Formula, which is how all theoretical option prices are calculated. As an example, Input - MSFT, 5 DTE, 10% and Put. 50 so the calculation would equal 6. 5% x average price). So the only way to scan for it is to calculate it from the price of the underlying and a given strike price. 00 wide strikes), this is a sign of either a very costly underlying price (like the SPX Index), or it means there are not a lot of Ultimately, I'm trying to add a column that calculates the annualized return on risk capital of selling a put, assuming it expires worthless. However, it’s really a very easy calculation. Most of the built-in studies are adjustable in terms of timeframe, price data, or mode of calculation to employ. Unfortunately, without any for/while loop functionality in thinkscript, this will be extremely tedious: GetStrike. The main problem is not the disjointed nature of the price line (which your solution does fix nicely, thank you), but the fact that ToS does not recalculate GetATMOption() based on each bar; instead, it only looks at the closing bar of the entire chart to calculate the strike for GetATMOption(). 5 so I would like these prices to be displayed as price levels on the chart, just like High, Low, etc. I tried adding a filter to my scan and entered the following in thinkscript editor, which promptly put red all over it. I figured this out when I was changing the wording in the bubbles to read "ATM, OTM or ITM. The information presented in this guide is for educational and informational purposes only. To help measure the change in option' In the modal, click the tab for "thinkScript Editor". bid) > 0. I would like to know if it is possible to plot a line for a strike price that meets some criteria. Alternatively, with a multi-pane chart (underlying left side, options price right side) you can synchronize your cursor to move at the same position in time between your underlying and options price panes. The world's largest Peloton community. There are 4 different values that PriceType can retrieve: VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2. The best way to solve the problem is to have a thinkscript coder code a options filter for that or else you spend too much time searching for a ticker. We exist as a global gathering place for Peloton members to form meaningful connections with other Peloton members. I would like to create a custom formula in the option chain using ThinkScript that takes the percentage of extrinsic value to the mark of the option (or (H+L)/2). Determine Your Risk Tolerance . Have any of you ever seen a calculator that will tell you the underlying price based on option movement. (Year) + " " + if isput() == 1 then GetStrike() + "p" else GetStrike() I. Use it with fundamental functions like volume, implied volatility (IV), and open interest. Top. GetYYYYMMDD() SecondsFromTime() Welcome to useThinkScript. The associated function returns an average of implied volatilities over a series of options. Determine whether to choose an in-the-money (ITM) call, an at-the-money (ATM) call, or an out-of-the-money (OTM) call based on what Options carry a high level of risk and are not suitable for all investors. I am reference to the total of strikes. cyan); Calculates the theoretical option price. In order to create a 'dynamic' SCORE, you need to assign the dynamic value in the same line you instantiate. 5). Hello, I'm new to the forum and I'm not sure if this is a good place to post this but here goes. By default, this function uses implied volatility averaged over different options for the underlying, so the returned result is approximate. The other options functions are then built upon this. In a script for a custom quote displayed in the option chain, I'm trying to get the underlying's current (last) price. You can test this line of code to prove that it is impossible to do this with the current tools available in Thinkorswim. e. Jeez. eddielee394 Member. You can set this up on a 2 chart side by side Layout if you want to. The upper line is a sell target (1. Started by khoidnyds; Feb 6, 2023; Replies: 2; Questions. So The open interest is most likely from the options strikes and symbols being hard coded also. In the code box, enter: ask / GetStrike(). To simplify i'm just working with an EMA cross over as i understand the strategies better. Note: For positive offset values, dynamic offset should be less than or equal to max offset. this is to get the theo max return of the premium of shorting a call in the case the contract does not get assigned, but i still want to correlate the risk-reward taken at that time if Yes, because it's not about just seeing the list of options and clicking one to buy/sell it. This requires constant updating throughout the day as the price and expected move change. The largest and most active community of investors and traders who use thinkorswim's thinkScript indicators and other custom programming languages to chart, trade, and make money in Notes on Gamma Exposure (GEX) - "GEX($ per 1% move)" is given as "Naive GEX", meaning that it is calculated under assumptions that Market Makers are buying calls and selling puts. New. The resulting plot is shown with its automatic version I want to get ATM option price. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options. I'm also trying to find a good thinkscript coder if anybody knows someone good. Today Click on the thinkScript Editor tab. DONE! Now in the previous modal, move your custom column over the right, to make it part of the display columns. Needed some help with directly getting the Option series data from a Symbol instead of inputting the data separately. Reactions: BD_TX. Is there a way to use thinkscript to actually update the chart with a Hi, I feel like this might be a super trivial question, but I can't seem to find something that consistently works. GetStrike. Unfortunately the greeks do not qualify as that and only work for the "current option". He’s so good at thinkscript. There's a manual. # add to a custom column in the option chain # this code calcs a bid/ask spread ratio to ask (ask-bid)/ask # if % is 0 to 10 then gray background # if % is 10 to 20 then blue # if % is > 20 then red def lvl1 = 10; def lvl2 = 20; def I wonder if there is a way to show this basic metric. Once you define a variable in Thinkscript and assign it, it's only valid for one bar, it behaves as a constant so it can't be reassigned. Edit thinkscript created by candlestick pattern editor? Started by dj45; Jan 14, 2021; Replies: 3; Questions. Reply reply Top 3% Rank by size . " Yes, it is obvious when you look at the chart but in In the Options Chain tab, I click on the Layout drop down at the top, then Customize. I literally just copy the code from TOS website. I just want the difference between the High and Low of 1DAY BAR. Hello, is there a way to display Option strike prices on the Stock chart? For example, stock has strikes every $2. Example input strike_price_interval = 5; input steps = 1; plot OtherPrice = OptionPrice(GetStrike() + steps * strike_price_interval); This example plots the theoretical price of an option with a different strike. All Messages By This Member #69 Hello, I found this script on the site trendfriendpa posted I like this study GetStrike. Not the exact question you're looking for? Start a new thread and receive assistance from our community. Share Add a Comment. I had to write out . So I've created a simple custom column "Today Change" with the following code: (close - open)/open *100 however I want it appear similar to %Change: Has a plus/minus sign as well as appear green or red. Can I please get a study for True Range? The built-in True Range indicator is a little bt off. Share Sort by: Best. Hey all, just asked this in r/thinkscript but looks to be way more people here. I cannot seen to figure out how to just create a percentage column of what the extrinsic value is to the price of the option. ) I have noticed in going through the ThinkScript tutorials that most of the scripts that appear as examples display their results with the plot command. If you are getting Delta from some data source and they also have implied vol, most likely the implied vol was calculated from the market price and used to calculate Delta, and you should use that. 18. has anyone ever done it through solving for it using black scholes type stuff? i dont think the link halcyon guy provided above has anything about IV. Is it possible to pull up at the money, (ATM) strike price for a stock using thinkscript? Just looking to print out the ATM price for a stock currently. but it seems like Would it be possible to take the code below that I have on the options chain and build a lower study that would show the change in gamma for the highlighted Strikes for 0DTE? I'm new to thinkscript coding, but I think the ITM and OTM bubbles are reversed. You will find what you are looking for in the Thinkscript manual. Posted to TSL 7-23-19 11:45 jeffrey2360: Would be great to be able to grab live greeks in a study the same way we get price. I tried to look up how to use thinkscript but I am completely lost. This is a community to share and discuss 3D photogrammetry modeling. Pricing. I started cooking up a script to show the buying power effect on the option chain, but it's not matching the buying power I see when trying to open a new naked short position. My searches do not give an answer. We considered the following example for AddLabel function:. Functions present in this programming language are capable of retrieving both market and fiscal data and Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 2015 # Plots a horizontal line beginning on the closing value x number of bars ago # Set Detrend to the number of bars ago you want to begin drawing the line # Add code to plot a continuous price line into the right expansion area by # the specified number of bars # # This version is actually simpler and works better than the previous version Thanks, Mobius, but I think the problem lies elsewhere. If there are wide strikes (like 5. Chapter 14. Per Mobius: When price is expanding and is accompanied by higher volume, a trend is typically ending or beginning. ThinkScript Strategy Counting Trade Count/Wins/Losses I'm trying to count trade Entry/Win/Loss counts for labels to be able to get an accurate Win/Loss rate to evaluate my strategy idea. aSK / pricetype. Its essentially the percent a stock would have to change to hit strike price - premiums. Example GetStrike. GetNextITMOption GetStrike The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. plot result = GetStrike() - underlyingStockPrice Now this doesn't work until the option is traded! Even if I hardcode some other symbol name in the VZ option column, it'll still return that symbol price at the last option traded time. The price level line needs to Returns the open interest value for the specific symbol, aggregation period and price type. 85; I also tried the following, to no avail: Some traders may not know how to do this. Upvote 0 Downvote. OI is one of, what the thinkscript documentation refers to as "the fundamentals". It is only a matter of seconds to switch from a larger timeframe to a shorter one using input parameters which will appear in your Edit Studies and Strategies dialog window if you properly use reserved Options carry a high level of risk and are not suitable for all investors. Then click on the scroll icon next to that custom column to The for loop in thinkscript doesn't provide descending values, only ascending making it a mess to find the strikes moving down the option ladder. The Delta() function isn't a data point we can access in the scanner with a custom filter. 2019 Donor . - A stock's Call Skew influences the "Skew Adjusted GEX" (SA-GEX), which changes to reflect estimated MM exposure. From $0 to $1,000,000. Solution. In this article, you will learn to get the current date and time in thinkScript. For negative offset values, dynamic offset should be less than or equal to max offset. Many Options carry a high level of risk and are not suitable for all investors. json12 New member. For the indicator, start by creating a new indicator in Thinkorswim and add it to your chart. Then you would replace those values with some mathematical computations to adjust their values based on the current price of the underlying. Tried to do something similar once. In chapter 9, we've learned a lot about methods of outputting values beside plots. SPX211119P4700 in the code to get it to work. Open comment sort options. The lower line is a stop level (average price - ADR x 1. Dec 9, 2021 #18 Everything in Plus, and: Full access to public & private forums; Premium thinkorswim indicators; Exclusive strategies, scanners, add-ons; Discord chatroom with Trade Alerts Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. How do you get the ATM straddle price, first OTM strangle price, and second OTM strangle price? Some underlyings are $1 wide, while others $2. 00 and delta of 0. Go to Options Chain and set up I am setting out to build an options flow indicator to gather the metrics volume, delta volume (volume of option times its delta), open interest, and open interest delta from the options chain and add them together to gain insights into how the options market is This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. this way i can see see where GetStrike() is less than 2800 and GetStrike() is greater than 2700. , Python, C, etc. Thread starter eddielee394; Start date Jan 27, 2020; E. Now, I have to make them on my own. GetStrike (); Description. GetValue ( IDataHolder data , IDataHolder dynamic offset , int max offset ); Default values: max offset: 0 Description. I don't know who the original author is. The following code plots three lines. orange else color. Why does the options volume affect of GetStrike() function? I think it's a bug or I've studied the ThinkScript docs and it appears that "GetStrike()" only works when the current symbol is an option. Functions present in this programming language are capable of retrieving both market and fiscal data and Mobius Thrust Bars Plots Volume and True Range in the same scale. Links to different 3D models, images, articles, and videos related to 3D photogrammetry are highly encouraged, e. Share: Facebook Twitter Reddit WhatsApp Email Share Link. This allows you to seamlessly overlay key SPX levels on your SPX, /ES, and SPY charts. You can use both Aggregation Period constants and pre-defined string values (e. Click Apply, then OK. Click on the thinkScript Editor tab. thinkScript Tutorials. MARK); def markAsPctOfStrike = markPrice / getStrike() * 100; If you want to you can calculate the mark yourself: def bidPrice = This is the thinkScript to do it: def underlyingStockLastPrice = close(GetUnderlyingSymbol(), priceType = PriceType. for zero days when you see peaks, it tells you turnaround most of the time. The full list of the pre-defined string values can be found in the Referencing Secondary Aggregation article. ) as valid parameters for the aggregation period. Old. GetStrike() in Option Chains return NaN. Having trouble getting an accurate percentage on the put side for some Thinkscript can not access the implied volatility of an individual contract either. In Thinkscript negative offsets refer to future bars. The one line of code for what you want is: Hi guys, Lastly, you can build the Option Premium Flow Indicator in multiple ways. Past performance of a security or strategy does not guarantee future results or success. Disclosures. articles on new photogrammetry software or A thinkscript study that will scan the options chain and display information about volume, open interest, and gamma exposure. an example would just be an option price of $3. Click in the area where the existing code is, then select all of the code with Ctrl +A, then press the Delete key. Certain requirements must be met to trade options through Schwab. In this segment, let us find right stocks and strike p Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download def putGammaEx = GetStrike. #hint: Options Hacker \n This study lets you scan and perform calculations on the options chain for a series and given depth. OptionPrice() doesn't work and gives a wrong number. Concatenating Strings. In other words, for example, if a Gann 9Sq said my SL should $130 GetStrike IsEuropean The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. Here is the luxury version of what you guys are trying to do. 87k+ Posts. You can find Now getting this into a string that thinkscript can read was difficult, so I needed to create monthFix and dayFix for when the day or month is less than 10. 5. i would like to be able to put the date of the options, total call volume, total put volume, call 1 (input highest open interest-thick green line), call 2 (input mid open interest-mid green thikness), call 3 (input low open interest-just a green line) and same with puts, but red line. 00 side strikes or 10. #HINT: this is a custom watchlist column that can be selected as a column on a watchlist of option symbols and/or as a column on the option chain plot OI_NetChg = open_interest() ThinkScript is the coding language inside of the ThinkOrSwim trading software. See the attached post I wrote about this. I want to add a custom column to the options chain that gives me the % difference between the current stock price and the strike. What you have to do is start with the first day and iterate through each previous day asking hasEarnings(). Controversial. chart is blank # Custom Annualized ROI Script for thinkorswim # Define the necessary variables def optionPrice = bid; # Using the bid price as the option price def daysToExpiration = GetDaysToExpiration() - 1; # Subtracting 3 days # Dynamic Line # zzz # 11. How many strikes a stock has reflects its liquidity. J. g. \n<b>Warning: Setting the StrikeDepth to large Example declare lower; def qty = GetQuantity(); def openCost = qty * GetAveragePrice(); def netLiq = qty * close; plot ManualOpenPL = netLiq - openCost; plot AutoOpenPL = GetOpenPL(); This example script uses the GetAveragePrice function along with GetQuantity to manually calculate the Open Profit/Loss value. I have completed the code for the Covered Call and Cash Secured Put. ((Ask() + Bid())/ 2) / getStrike() * 100 ((Ask() + Bid())/ 2) would be the mark said option contract. At this time Thinkscript coding language does not have Trade Execution as data that we can reference using thinkscript. Reactions: BWiz. not sure if its supposed to look something like this but thats all i have right now. 85" so it picks up only options that satisfy this condition. Here's an example - I would like to add a condition to my scan: "bid/ask > 0. Thanks @rad14733 what your looking at is it, and yes you can do a custom column by editing the script in the custom extras custom 1-whatever amount they give you, in fact, what your looking at is real it is not mine to give Hey Folks trying to build an option Wheel Calculation using TOS. Day, 2 Days, Week, Month, etc. For use with the ThinkOrSwim platform. Now paste in the new code. Sort by: Best. AddLabel(yes, "Average: " + Average(close, 20)); This is where we first used string concatenation: we appended value of the average to the string using the “+” operator. 65; def riskCapital = 100*GetStrike() Based on the great work done by others here, I present the OptionsHacker - An indicator that will scan the options chain and display information about volume, open Thinkscript editor to see option price vs. thinkScript Get EntryPrice() Function. Most likely you will have to refactor the entire script by adjusting offsets so that everything is referenced from the point We're going to focus on 4 stocks that we're bullish on, and find options trades setting up that provide us with an edge. def monthFix = if month < 10 then 1 else 0; def dayFix = if day < 10 then 1 else 0; hi, i want to add options open interest volume to my charts. 0, Take Profit, and Volatility Trading Range. The script contains GetQuantity () to get the current open position quantity, but even though I've made a trade and see the position size in the watchlist column, I'm not Just looking to print out the ATM price for a stock currently. If someone can point me in the right direction Or if anyone knows any coder/service that can create this (i can pay) Any help is appreciated Introduction to the new free Thinkorswim study that draws the top 5 highest open interest calls and puts on your chart. Aside from multiple screens with multiple charts and other info, my main trading screen is a flexible grid with a chart, 2 AT gadgets with buttons, and a couple of other gadgets that don't factor into this answer. Adjust the Thrust Limit to fit GetStrike. All you have to do is take the difference between the strike price and the current stock price (let’s call that D) and divide that by the current stock price(let’s call that C) then multiply by 100. Log in Register. def strikeFar= getStrike(nextStrike); def inRange= AbsValue(Delta())>= delFar/100 and AbsValue(Delta())<= delClose/100; If I cut & paste the options symbol that is obtained by clicking right mouse button under any specific option strike price (for example QQQ PUT strike Price as 310 is QQQ220617P310) into a chart, I can see the Option price move as well as its volume. Reactions: xasthur. (Not a profit calculator, but kinda). To make this happen now, I have to manually calculate the high and low expected moves and enter Price Level lines. "Supporting documentation for any claims or statistical information is available upon request. Q&A. I'm would like to automatically plot a "price level line" (just as if I used the price level tool) on the open of a new bar. The result is always just a weird rough approximation that's not accurate to the chain. I'm pretty sure you can't even place a Def command into a conditional, just like in most codes. i would love to know how to get IV for a specific option contract symbol in thinkscript. I have a quick question about get the Underlying Ask price to display for each strike price. Thinkorswim Option hacker is a great tool to find the right stock and strike price for option trading. Select one of the Custom columns, like Custom1 to add it to the current column set. GetATMOption method didn't return any values back. However. You can't break apart the buy/sell data with just Thinkscript, but I think the API will let you pull the data if you build it for something else. In thinkscript charts and scans, any script gets executed many times once for each bar. This will make life much more easier since one [] VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2. Also, you can edit the column name at the top of this modal. More posts you may Options carry a high level of risk and are not suitable for all investors. Its possible to build a thinkscript with all volume options calls and puts?. It's a simple scripting language and there's a chat window on the TOS platform where anyone can get questions answered about codes - ThinkScript Lounge. . So, I've searched to no avail, mostly because I don't really know what to look for. Hi all, First time poster and trying to learn the programming side of TOS. For instance, the first indicator can use $25 above and below the current strike price and the second indicator can use $5 above and below the current strike price. A standout feature of the SPX Gamma Dashboard is the ability to generate a Thinkscript indicator for use in the Thinkorswim platform. I tried using the custom quote system and thinkscript but I'm having trouble pulling real time underlying share This software is compatible with the THINKORSWIM® platform. Example input strike_price_interval = 5; input steps = 1; plot OtherPrice = OptionPrice(GetStrike() + steps * The GetStrike function should be returned the Strike value without an error in any circumstances. Add a Comment I cannot see how to create this in ThinkScript, although it seems that it should be simple to set up. quantumomegallc I don't know how to get shares outstanding in thinkScript. The arb is carried out by shorting one stock and going long the other at a specific ratio. You should use whatever volatility was used to calculate that delta. Defines the Returns the code of the next option in the same series as the input one. You can do what I show here. 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. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download ThinkorSwim. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators Download def strik = getstrike(); def intrin = I am struggling to write a ThinkScript that would return a option symbol given , Security symbol (GetSymbol()), Days To Expiry, ITM probability and Option Type. Thinkscript is a programming language for the Thinkorswim trading platform that allows its users to backtest strategies and build trading tools. Otherwise they will be added to the string as just "4" as opposed to "04" in the case of April. One thing I liked looking at on Robinhood when shopping options was the % change to break even column. Returns the value of data with the specified dynamic offset. thanks in advance. I call it Enigma script. I In thinkScript, PriceType is a constant that displays selections of price quotations. On the option trading page, I'd like to see at what percentage each strike price is away from the current stock price which is around the center of the option chain window. However, you probably don't know that since delta is an output, not an input, to option pricing models. Program state between such executions is stored in array variables which are accessed directly or by an offset via [] or GetValue(). Options carry a high level of risk and are not suitable for all investors. LAST); def strikePrice = GetStrike(); plot pctgDiff = (strikePrice - I'm trying to backtest a strategy with TOS OnDemand. I tried using AsPercent (not sure if Welcome to r/InnerCircleTraders, the largest ICT community on reddit! While ICT doesn't have an official subreddit, this community serves as a dedicated space where his followers GetValue. There are already several open interest, volume and price options studies I've written that plot in the right expansion area. In this chapter we will discuss how to make your study more flexible. The middle line is average price. Please note that this indicator only works on a daily timeframe. Returns the strike price for the current option. There's no reason for anyone to be clueless about ThinkScript. I’m not sure there’s a setting for that. QuestionsChart StudiesGetting Option data from Option Symbol into Thinkscript « Back to Previous PageCategory: Chart Studies 1 ♥ 1 Playing with an Options Volume script. And only these functions can be called upon to work in separate data streams. The GetNextOTMOption() is slower than molasses in January when a bad strike is provided to generate failure, appears its having to time out before it eventually returns nothing. bump. I think I have been working on this for over 10 months now. I'm transitioning from Robinhood to ToS. You can see trade execution data on the account Statement section of Tos, but unfortunately that is data that think script cant reference for this purpose, however I like what you are trying to do, I think that would be really cool. In my case, I'll be looking at a chart for the underlying symbol, def strike = GetStrike(); def put = IsPut(); AddLabel(yes, strike + " " + if put then "PUT" else "CALL", if put then color. Also, the current symbol is the default when you use most Thinkscript functions (just use high, low, close, open, etc) I prefer to make the numbers fully dynamic: Code: input percent = 1; def Price3 = close * (1 - percent/100); def Price4 = close * (1 + percent/100); Upvote 0 Downvote. hi im trying to add a column to the tos option chain that simply looks at the option price on a strike and divides it by its corresponding delta. 379 Online. The following functions will be utilized throughout the post. HIstorical data is not that important, but having live ratio is very useful (delta/theta) 11:46 Mobius: # Delta Calculation # For Options with 1 dollar strikes # Mobius # There’s a very specific situation occurring with a merger of two stocks (due to happen in q2) that created a kind of arbitrage opportunity. Need help with “GetAveragePrice” thinkscript code, please . Best. GetStrike. THINKORSWIM® and THINKSCRIPT® are registered trademarks of TD Ameritrade. The software is currently being transferred from TD Ameritrade to Charles Schwab. For a Put option, the code of the next option with lower strike will be returned; for a Call option, this function will return the def markPrice = close(priceType = PriceType. So the formula for that would be something like this: def premium = 100*(ask+bid)/2; def commission = 0. Support and Resistance MACD Scalping Long Term Trading Toolbox Learn thinkScript ThinkorSwim: FAQ Premium Indicators Bitcoin Indicator Theta Gang Indicators (GetunderlyingSymbol(), "Day"); def extV = close - (stockPrice - getstrike()); plot ccProf = extV / (stockPrice - close); Click to expand # calculating % of extrinsic to a It was shared in the Universe of ThinkScript a long time ago. (pricetype. cckmv scba wuzomzk jpmfq uizct ezwxxv buof eywu eyi tobs