One aspect I really appreciate of charting apps that offer custom coding capabilities is that you can present information visually that typically is not shown in that manner. For example with a few lines of thinkscript code you can plot a line graph of quarterly EPS in thinkorswim.

What follows is a screenshot of the line graph I wrote in less than 30 lines of code. The red and green dots represent the quarterly earnings, indicating if the current results were up/down from the previous report. I also appended at the bottom of the image the optional EPS bubble.

Installing the EPS Line Graph

If you have thinkorswim installed, click here to install the EPS line graph from the thinkorswim Sharing Center.

You can also copy/paste the link into thinkorswim’s Open Shared Item feature, the link is: https://tos.mx/gzJMkvw.

EPS Line Graph thinkscript Code

Here’s the code to create the line graph as well as show the optional chart bubble.

# EPS line graph
#
# Written by:  @JohnMuchow http://twitter.com/JohnMuchow
# Website:     PlayTheTrade.com
#
# v1.0
declare lower;
input showEPSBubble = yes;
def e = GetActualEarnings();
def earnings = CompoundValue(1, if IsNaN(e) then earnings[1] else e, e);
# Plot the earnings as a line
plot earningsLine = e;
earningsLine.SetPaintingStrategy(PaintingStrategy.POINTS);
earningsLine.SetDefaultColor(CreateColor(90, 122, 176));
earningsLine.hideTitle();
# Given earnings are not relevant for each bar, approximate line from bar to bar
earningsLine.EnableApproximation();
# Plot green/red dot indicating earnings up/down
plot earningsUpDownIndicator = GetActualEarnings();
earningsUpDownIndicator.SetPaintingStrategy(PaintingStrategy.SQUARES);
earningsUpDownIndicator.AssignValueColor(if earnings > earnings[1] then (CreateColor(120, 184, 86)) else CreateColor(164, 36, 22));
earningsUpDownIndicator.SetLineWeight(4);
earningsUpDownIndicator.hideTitle();
# Optional EPS bubble
AddChartBubble(showEPSBubble, earningsUpDownIndicator, earnings, Color.GRAY);