For those doing video I cobbled the following based on @tsh :
import cv2 as cv
import numpy as np
def nothing(x):pass
cap = cv.VideoCapture(0)
cv.namedWindow('videoUI', cv.WINDOW_NORMAL)
cv.createTrackbar('T','videoUI',0,255,nothing)
while(True):
ret, frame = cap.read()
vid_gray = cv.cvtColor(frame, cv.COLOR_BGR2GRAY)
thresh = cv.getTrackbarPos('T','videoUI');
vid_bw = cv.threshold(vid_gray, thresh, 255, cv.THRESH_BINARY)[1]
cv.imshow('videoUI',cv.flip(vid_bw,1))
if cv.waitKey(1) & 0xFF == ord('q'):
break
cap.release()
cv.destroyAllWindows()
Results in: