Thinkscript Trader-ThinkScript code generation, testing.

Example

You can create custom indicators like Relative Volatility Index (RVI) with buy and sell signals using various statistical methods such as standard deviation or moving averages.

Scenario

A user wants to generate buy signals when the RVI crosses above 50 and sell signals when it falls below 30. Thinkscript Trader would craft a detailed code to create this custom study while ensuring alerts and color-coded signals appear correctly on the chart.

Example

Incorporating multiple moving averages, ATR (Average True Range), and volatility signals to backtest a trading strategy over a specified time frame.

Scenario

A trader would like to backtest a trend-following strategy where orders are placed based on the crossing of two exponential moving averages (EMA) and stop-loss is based on the ATR. The script is designed for rigorous testing to evaluate the strategy's historical performance.

Example

Thinkscript Trader can automate the process of sending alerts for trading signals, such as buy signals when certain conditions are met.

Scenario

For a user monitoring volatility-driven breakout trades, Thinkscript Trader could build a system that alerts the trader and places automatic buy or sell orders based on a volatility index crossing a predefined threshold, while respecting stop-loss and take-profit levels.