rule-based level study
Support and resistance are labels for a method, not one fixed formula. A script must define how levels are selected, confirmed, extended, merged, and invalidated.
Source review completed
Prompt brief
ThinkScript · one source file
Example request
Create a thinkorswim upper study with prior-day high and low plus confirmed swing levels using three bars on each side. Label each source, retain the last four swings, and alert once on a completed-bar close through a level.
A thinkorswim support and resistance indicator can use prior session highs and lows, pivot formulas, rolling channels, or confirmed swing points. Choose one method and define its parameters. Combining every method without labels creates ambiguous levels and makes the result difficult to test.
Reference points
Prior-day levels are known at the start of the next session. Pivot formulas transform prior-period prices. Rolling channels update as the window moves. Swing levels require later bars for confirmation. Their timing and interpretation differ.
Name and color each family separately if more than one is shown. This preserves the reason a level exists.
A close above a level, an intrabar touch, and a retest after a break require different conditions. For confirmed pivots, trigger from the confirmation bar onward instead of pretending the level was known on the pivot bar.
Pineify can generate the plots, labels, inputs, and alerts from these rules. Review the first valid level after each session boundary and every replacement event.
Pineify thinkScript workflow
Give the Coding Agent the formula, inputs, plots, alerts, and edge cases. It returns one editable study or strategy file and keeps focused revisions in the same code artifact.
A thinkorswim trendline indicator can connect confirmed swing highs or lows and extend the resulting slope. Define how many bars on each side confirm a pivot, which two pivots remain active, when a new pivot replaces an old one, and what counts as a break. A delayed confirmed pivot is more stable than an unconfirmed line but appears later.
Read guideFor a basic thinkorswim Donchian channel, plot Highest(high, length) and Lowest(low, length), with an optional midpoint. For breakout logic, compare the current bar with the prior channel value so the current high or low does not move the threshold at the same time. Use separate entry and exit lengths if that is part of the rule.
Read guideThe thinkScript Alert function accepts a condition, message, alert type, and sound. Put it in a study when the trigger depends on custom calculations. Use a crossing condition when you want one event at a transition rather than an alert on every bar where a state remains true.
Read guideLast verified:
Pineify provides information and code-generation assistance, not investment advice. Generated scripts, strategy reports, simulations, and historical examples cannot predict prices or guarantee returns. Review every script and test it in thinkorswim before relying on its output.
There is no single formula. Choose prior-period levels, a named pivot formula, rolling channels, or confirmed swing points according to the decision you need to make.
Fixed prior-period pivot formulas do not need future bars after their source period closes. Swing-pivot levels require right-side bars for confirmation, so their availability is delayed.
Yes. Define the level source, touch or close rule, tolerance, confirmation, and repetition. Then verify the generated alert on known chart examples.
Generate one editable thinkScript study or strategy, inspect the source, request focused changes, and complete the final check in thinkorswim.
Pineify generates source code. thinkorswim remains the platform authority for parsing and chart behavior.
