in the dialog (this will create a new study with the same source code).ĩ.ğinally, you can save your studies in a set.
Note: we do not recommend changing the source code of pre-defined studies instead, consider choosing Copy sources. To do so, right-click the study name in the Added studies and strategies list and choose View sources. You can also view and edit the source code of almost all available studies. To do so, click Import., navigate to the file location, select the file, and click OK.Ĩ. Note that you can also import a thinkScript based study file (*.ts) from your computer. For those who are new to thinkScript or would like to refresh their knowledge, we have a set of tutorials. This will open the thinkScript Editor where you’ll be able to script your own study or strategy. To create a strategy, do the same on the Strategies tab. To create a new study based on thinkScript programming language, click Create. Refer to the Studies Setup and Strategies Setup pages to learn more about setting in this dialog.ħ. This will bring up the study customization dialog. To edit input parameters, plots, and visibility options of a study or a strategy click the 'gear' button at the end of the line. To remove all studies and strategies from the list, click Remove all.Ħ. To delete a study or a strategy from the list, hover your mouse over its name in the Added studies and strategies list and click.
Note: the system automatically assigns subgraphs to studies based on their calculation mechanism, however you’re free to place your studies on any subgraphs (see Arrangement and Superimposition below).ĥ. You can also select several and then click Add selected. It will be immediately displayed in the Added studies and strategies section. The latter will be empty if you don’t have any study sets yet (see details below).Ĥ.ĝouble click a study or strategy name in the list. In this dialog, you will see three tabs: Studies, Strategies, and Sets. This will open the Edit Studies and Strategies dialog.ģ. Click Add Study or Quick Study, find the group the study belongs to and select it from the list.Ģ.Ěnother way of adding studies, which will also provide you with a number of advanced options, is choosing Edit studies. To add a study, click Studies in the Charts header. Strategies can also be back-tested: you can view a report that calculates the hypothetical profit/loss value that would have been actual if the signals given by the strategy were real buy and sell orders.ġ. Strategies, on the other hand, will also provide you with historical trade signals: time and price points on chart where a certain price-based condition was satisfied. Studies are technical indicators that calculate certain values for each bar on chart.
Basically speaking, there are two types of technical indicators in thinkorswim: studies and strategies (for now, we’re not taking into account the multitude of the pre-defined patterns, as there is a separate section in the manual dedicated to this kind of analysis technique).