Build Custom Watchlist Columns Using Thinkorswim Condition Wizard
Build your own customized color-coded watchlists in Thinkorswim using the Condition Wizard. Color the background and values in your watchlist based on your favorite
chart studies. Review hundreds of stocks at a glance. After mastering Thinkorswim Condition Wizard Watchlist, no more thumbing through endless charts to find your “needle in the haystack”.
The Condition Wizard in Thinkorswim does all the hard work for you. Just a few clicks of the mouse and the Thinkorswim Condition Wizard creates your code for you.
Learn how to write a very small amount of code to dynamically set the colors of the background and text in your custom watchlist columns. I walk you through it step-by-step. Several examples included. By the end of the video your mind will be exploding with new ideas on how to apply these techniques.
Examples included in this video:
- Stochastic FullK above FullD
- Price above or below VWAP
- RSI overbought or oversold
- TTM Wave
- Mystery Bonus!
Want to learn more?
View videos from the Thinkorswim Watchlist category to learn more advanced methods of customizing the watchlist. Download free code with each of our free tutorial videos. See how easy it is to add custom columns for multiple time frames. Drastically reduce the amount of time spent searching for that perfect setup. Be sure to visit this link to the thinkorswim Watchlist category on the Hahn-Tech website: TOS Watchlists
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Hi Peter, Would you please help me to write the code for the column watch list from the scan code below. I try to put in the watch list and modify but it not working right. Please help.
The correct place to request assistance of this type is in our Q&A Forum. The comments section of a video is not the place to try to request custom solutions. You will find our Q&A Forum on the following webpage: https://www.hahn-tech.com/thinkorswim-forum-topics/
Conditional watchlists seem to peter out after a certain point. (The ADX) Anything beyond a stock beginning w/S I get a cust..cust.cust. error. It’s not the amount of companies bkz even smaller watchlists do the same. What am I missing. Thanks for all u do. Keep up the good work.
Expand the width of one of your columns and you should be able to read the entire error message. Which will answer your question. The error message probably says the following: ‘custom expression subscription limit exceeded’.
The “limit” is not based on the number of stocks in a given watchlist. The limit is based on the total number of custom quotes applied to ALL watchlist gadgets multiplied by the total number of rows in each of those watchlist gadgets.
So yes, even a watchlist with only a handful of stocks can exceed the limit, if you have a very larger number of custom quote columns. There is no “fix” for this. You must reduce the number of custom quotes applied to open watchlists until the error disappears.
Mr. Hahn, Have you considered writing a book covering TOS software or even booklets covering sub-sections in depth ie. “Thinkorswim Condition Wizard Watchlist” and selling them. Put your vast knowledge into paper for the benifit of us mere motals.
I have considered this however I have been so busy building custom solutions for individual retail traders that I can’t even find time to publish the many videos I have in the pipeline. I wasn’t able to publish a single new video in the past 18 months. Gotta focus on that before I consider publishing books.
Hello, I have a question concerning the thinkscript Editor for the watchlist column. I have a script where I am looking for a certain color condition but the assignbackground script only appears to work the way I want it is by writing the script backwards. I have a EHMA length =14; (exponential) and the Midline from the Bollinger Band script length 20; (simple) I am looking for a green background color to turn green when “FastLenth” is greater than Midline and background color to be red when the Fastlength is less than the Midline. Thank you!
[Edit: The website moderator has removed the code that was included with this comment]
1. The place to post a question to request assistance with code is in our Q&A Forum and not within the comments section of a video.
2. If your code is working when you write the condition statement backwards, what is the problem?
Hi Pete, you sent me to this video a couple weeks ago and I was able to add two conditional watchlist columns that have been awesome, thank you again! This may be elementary, but I’m trying to figure out how to add these as chart labels. For reference below is the code for an entry signal I created by following the video, and also a MACD watchlist column. I’d simply like for what happens in the watchlist column, to happen on a label on my chart(s), but not sure how to adapt the code to view on a chart rather than in the watchlist. I hope that makes sense, and thank you for your time and consideration!
Your comment has been edited to remove the code you included. The comment section of a video is not the place to seek solutions of this complexity. This is why we have a Q&A Forum on this website. Please search and browse existing solutions in the Q&A Forum and if you do not find a solution you may consider posting a new question in the forum.
Nice, clear tutorial. Unfortunately it doesn’t help with what I’d like to do. I trade options, and one of the columns I put in my watchlist is “Probability OTM”. That is a “built-in” of the watchlist. I’d like to change the background color if the value is less than a setpoint. Unfortunately it looks like “Probability OTM” is not available in the Condition Wizard, or at least I couldn’t find it. Is there any way to get the effect I want?
The following link to Thinkorswim language reference contains everything currently available for option related metrics: https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Option-Related
If OTM probability should ever be added in the future it will appear in that list.
Hi Pete, is there a way to remove the numerical value in the column? I tried signal.sethiding(1); signal.hide(); #(signal being the name of my plot) but it still shows the 1s and 0s
The column must display a value of some kind. You can adjust the color of the plot variable to match the background color. But the value will still be present. HINT: the numeric value means that column can be sorted to group like signals together.
Thank you Pete I suspected as much and it is actually useful sorting, would’ve been cleaner though if it was hidden – I guess I’ll try your idea and color the values dynamically to match the background.
Pete, is it also true that you cannot call on a defined global color within the watchlist formula or am I just crazy?
This below just gives me black and white
assignBackgroundColor(if value==1 then globalcolor(“above”) else if value==2 then globalcolor(“below”) else
signal.assignValueColor (if value==1 then globalcolor(“above”) else if value==2 then globalcolor(“below”) else
it works well if I specify the colors
Yes, that is correct. We cannot define global colors in a custom watchlist column. Which makes complete sense once you understand there is no graphical interface from which to adjust those global colors. As we can do with a chart study.
Pete, thanks so much for your help and your quick replies. I’ve e been stalking this site for a while. In reference to the global color, Being able to define a variable for color would still have purpose eliminating the need to specify it at each instance while being able to change it universally, from I gathered there’s no workaround? I guess tos doesn’t allow referencing definitions like that?
Correct, Thinkorswim does not support Global Colors within custom watchlist columns. I have no idea for their reasoning behind this limitation. It may simply be an oversight or they may have a specific reason for disabling it.
However you can still use the DefineColor() statement on the plot for the custom watchlist column. It works very much like the Global Color definition. Details here: https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Look—Feel/DefineColor