Standard Thinkorswim Colors Chart: A Guide to ThinkScript Colors

Person counting cash next to laptop and stock market charts on a white table.
Credit: pexels.com, Person counting cash next to laptop and stock market charts on a white table.

The standard Thinkorswim colors chart is a crucial tool for traders and investors. It helps you quickly identify the colors associated with different market conditions.

ThinkScript colors are used to represent various market conditions, such as up and down trends, overbought and oversold levels, and more.

The Thinkorswim colors chart can be customized to suit your trading style and preferences. By understanding the standard ThinkScript colors, you can create your own custom color schemes to enhance your trading experience.

The ThinkScript language is used to create custom indicators and studies on the Thinkorswim platform. It's a powerful tool that allows you to create complex trading strategies and indicators.

Thinkorswim Colors Chart

There are 25 standard colors in thinkScript, including cyan, magenta, yellow, green, and red.

The SetDefaultColor() function is very useful for defining the color variable for your plot. It makes it easy to implement colors like yellow, which can be set to a simple moving average line.

You can easily set the color of your plot by using the SetDefaultColor() function with a color variable like Color.Yellow.

The list of standard colors in thinkScript is quite extensive, with 25 options to choose from.

Here's a list of the standard colors in thinkScript:

  • BLACK
  • BLUE
  • CURRENT
  • CYAN
  • DARK_GRAY
  • DARK_GREEN
  • DARK_ORANGE
  • DARK_RED
  • DOWNTICK
  • GRAY
  • GREEN
  • LIGHT_GRAY
  • LIGHT_GREEN
  • LIGHT_ORANGE
  • LIGHT_RED
  • LIME
  • MAGENTA
  • ORANGE
  • PINK
  • PLUM
  • RED
  • UPTICK
  • VIOLET
  • WHITE
  • YELLOW

ThinkScript Colors

Credit: youtube.com, How to Use ThinkorSwim - Color a Line using ThinkScript

ThinkScript Colors are a breeze to implement, thanks to the 25 standard colors available. You can choose from colors like cyan, magenta, yellow, green, and red.

These colors are easy to use with the SetDefaultColor() function, which helps define the color variable for your plot. For example, you can set the color yellow to a simple moving average line by using the Color.Yellow variable.

The list of standard colors includes BLACK, BLUE, CURRENT, CYAN, DARK_GRAY, DARK_GREEN, DARK_ORANGE, DARK_RED, DOWNTICK, GRAY, GREEN, LIGHT_GRAY, LIGHT_GREEN, LIGHT_ORANGE, LIGHT_RED, LIME, MAGENTA, ORANGE, PINK, PLUM, RED, UPTICK, VIOLET, WHITE, and YELLOW.

Customize Colors

You can customize the color scheme in thinkorswim by selecting Look and feel in the Setup menu.

Selecting Color scheme brings up available choices: Dark, Light, Old School thinkorswim, Chinese Dark, and Chinese Light.

The Color scheme name can be changed, for example, from Custom Dark 2 to New Scheme.

To create your own color scheme, select an existing one as a starting place and update the color values.

The Price up color can be changed from green to a lighter green, and the Price down color can be changed from red to a darker red.

Standard ThinkScript Colors

Credit: youtube.com, How to Change ThinkorSwim Chart Colors

ThinkScript has a set of standard colors that are easy to implement and popular among developers.

These colors include BLACK, BLUE, CURRENT, CYAN, DARK_GRAY, DARK_GREEN, DARK_ORANGE, DARK_RED, DOWNTICK, GRAY, GREEN, LIGHT_GRAY, LIGHT_GREEN, LIGHT_ORANGE, LIGHT_RED, LIME, MAGENTA, ORANGE, PINK, PLUM, RED, UPTICK, VIOLET, WHITE, and YELLOW.

The SetDefaultColor() function is a useful tool for defining the color variable for your plot, as seen in the example where the color yellow was set to a simple moving average line.

There are 25 standard colors in thinkScript, making it easy to find the perfect color for your chart.

Platform Appearance

Customizing the platform appearance on thinkorswim is a straightforward process. You can start by selecting Setup in the upper-right corner of the screen.

To begin customizing, select Look and feel to bring up the appearance choices, which include Color scheme and Font size.

You can choose from five different Color scheme options: Dark, Light, Old School thinkorswim, Chinese Dark, and Chinese Light.

To create your own custom color scheme, select an existing color scheme as a starting place, and update the color values.

Frequently Asked Questions

What are the colors for time and sales on thinkorswim?

On Thinkorswim, green represents buy orders and red represents sell orders in the time and sales data. This visual distinction helps traders quickly identify the type of trades placed.

What are the colors of the volume bars in thinkorswim?

In thinkorswim, volume bars are colored green if both volume and price are up, blue if price is up but volume is down, and red if volume is up but price is down. Learn more about how to interpret these color indicators in your charts.

How to change thinkorswim chart color?

To change the background color on your thinkorswim charts, select the grid and choose a new color from the options available. This simple adjustment can enhance your chart's visual clarity and make it easier to analyze market trends.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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