Unusual Volume For ThinkOrSwim

[crawford5002]

@crawford5002 You should be able to use that code for your watchlist column without any further modification.

I tried gave me a few errors

 

[BenTen]

@crawford5002 Try replacing:

plot scan = last5mins>percent_of_avg;

with

plot scan = if last5mins>percent_of_avg then 1 else 0;

 

[crawford5002]

@BenTen Ok I will try it , you guys are great I will let you know if it works

 

[dhman06]

I'm still learning thinkscript, but it doesn't seem like just posting the script that was posted on thread#1 will scan for any code. From what I've been learning so far, it seems like there has to be a single variable (either increasing or decreasing) for the scanner to work. Is my understanding correct? If so, does it mean I have to comment out one of the variables (increasing or decreasing)?

 

[rad14733]

I'm still learning thinkscript, but it doesn't seem like just posting the script that was posted on thread#1 will scan for any code. From what I've been learning so far, it seems like there has to be a single variable (either increasing or decreasing) for the scanner to work. Is my understanding correct? If so, does it mean I have to comment out one of the variables (increasing or decreasing)?

Read and reread the first post until you understand all of the steps required... You first create a Study and then reference it from within the scanner... Keep at it and you'll get there...

 

[JWC3904]

I have been looking for a scanner to scan for unusual volume that occurs within the one minute candle. It would be great to run the scanner pre-market, during market and after mark close for volume jumps of 300% or more above the previous fifteen minutes of candle volume. Does anyone know of a scanner code that can accomplish this scan?

 

[rad14733]

I have been looking for a scanner to scan for unusual volume that occurs within the one minute candle. It would be great to run the scanner pre-market, during market and after mark close for volume jumps of 300% or more above the previous fifteen minutes of candle volume. Does anyone know of a scanner code that can accomplish this scan?

Are you looking for something beyond what the Built-In Unusual_Volume scan does...???

 

[mikemd21]

Hi Ben,

I am looking for a script that scans for unusual buy volume spikes above average, and the price action relative small changes. Detect big money set up their position before a major breakout occurs.

Thanks,
Mike

 

[stevenchats]

Hi @mikemd21 - did you try searching the forum for unusual volume indicators? There are a lot of discussions on topic previously, for example:

Besides searching this thread, also see:
https://usethinkscript.com/threads/averaging-historical-volume-at-specific-time-of-day.7123/
https://usethinkscript.com/threads/thinkorswim-volume-spike-alert-and-scanner.1057/page-3#post-66329

Good luck!

 

[KCLLive]

Simple script modification that helps me to confirm when a trend is broken. All it does is paint candles dark red or dark green if volume is 3x average. If you see anything wrong with the code please point it out thank you.

https://ibb.co/p2dmnFL - for an example on TSLA, I made good money trading puts off that broken trend.

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
# Modified VolumeAvg to paint candlesticks that are 3x the average volume.
# Make sure you put this in the Volume section of studies

declare lower;
declare zerobase;

input length = 50;

def AvgVol = Average(volume * 3);

plot Vol = volume;
plot VolAvg = Average(volume, length);

Vol.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Vol.SetLineWeight(3);
Vol.DefineColor("Up", Color.UPTICK);
Vol.DefineColor("Down", Color.DOWNTICK);
Vol.AssignValueColor(if close > close[1] then Vol.color("Up") else if close < close[1] then Vol.color("Down") else GetColor(1));
VolAvg.SetDefaultColor(GetColor(8));

AssignPriceColor(if close > close[1] AND volume > AvgVol then color.DARK_GREEN else color.current);
AssignPriceColor(if close < close[1] AND volume > AvgVol then color.DARK_RED else color.current);

https://imgur.com/a/JHG8Dd3

 

[rad14733]

@KCLLive After more careful inspection I can see the slightly darker candle... Between the small size and minimal color differentiation it was tough to notice...

 

[KCLLive]

@KCLLive After more careful inspection I can see the slightly darker candle... Between the small size and minimal color differentiation it was tough to notice...

Simple solution. I kept it easy for my eyes, I don’t like the bright neon colors for highlighting that others like. But you can change it as you see fit if you decide to use it just change DARK_RED or DARK_GREEN to the color of your choosing in the last two lines.

AssignPriceColor(if close < close[1] AND volume > AvgVol then color.DARK_RED else color.current);

 

[wefewfewfew]

Unusual Volume near 52 weeks high scanner: https://tos.mx/qksBhga

1. Near 52 week high indicates strength
2. Unusual volume indicates current interest at peak
3. Sorting on Zscore or DMI oscillator --> intraday strength
4. Sustained momentum --> Daily and weekly RSI >60
5. Green on E1, E5, E15, E30, E4h --> strength
6. Chart Observations -> REGN is a good candidate at this time
7. Only possibility, it can change any time

My ThinkorSwim workspace: https://tos.mx/aIZeT6k

The basic concept of Z-Score is that it’s an oscillator denominated in standard deviations from the VWAP mean.

I am a new trader, how do i save your thinkorswim workspace to my chart. just cannot seem to do it. anyone can help?

 

[MerryDay]

@Technicalyst93 Click here for --> Easiest way to load shared links

 

[CJ_brt]

@Technicalyst93 Click here for --> Easiest way to load shared links

are you able to get his workspace properly loaded? i cant seem to get most of the studies to properly load, especially the watchlist. Appreciate the help!

 

[MerryDay]

@CJ_brt This is not a workspace or a watchlist. The shared link Is a SCANNER.
Unusual Volume near 52 weeks high scanner: https://tos.mx/qksBhga Click here for --> Easiest way to load shared links

 

[stamenski]

Thank you. TOS, shows this with the Options Hacker icon...Is this Options Scanner?

@CJ_brt This is not a workspace or a watchlist. The shared link Is a SCANNER.
Unusual Volume near 52 weeks high scanner: https://tos.mx/qksBhga Click here for --> Easiest way to load shared l

 

[MerryDay]

@stamenski I went through all four pages and did not see an instance of any posters using this an option scanner.
But I switched it over to options and it did find results.

 

[KevinSammy]

Hello,

As many of you know, we can enable volume to be displayed as an overlap in the upper part of the chart.
I like doing this because it allows me to compare volume easily while simultaneously looking at the chart/candles. I used to have volume in the lower sections, but found that I wasn't using it well because I was too focused on the chart.

The one thing, however, that I liked about having volume in the lower section was that it showed the average volume for one's desired timeframe as a horizontal line across the volume bars. This was nice because of the additional analysis it provided.

My question is whether anyone knows how to display the average volume (per one's desired tim frame) as a horizontal line on the upper, overlap volume bars?

Thank you!

 

[TradeUp]

Hello,

As many of you know, we can enable volume to be displayed as an overlap in the upper part of the chart.
I like doing this because it allows me to compare volume easily while simultaneously looking at the chart/candles. I used to have volume in the lower sections, but found that I wasn't using it well because I was too focused on the chart.

The one thing, however, that I liked about having volume in the lower section was that it showed the average volume for one's desired timeframe as a horizontal line across the volume bars. This was nice because of the additional analysis it provided.

My question is whether anyone knows how to display the average volume (per one's desired tim frame) as a horizontal line on the upper, overlap volume bars?

Thank you!

@KevinSammy , I found this nice little code on this forum that I am using. Check it out, it might be something similar to what you are asking for. It paints the candles that have 2x volume. You might find it useful.

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
# Modified VolumeAvg to paint candlesticks that are 3x the average volume.
# Make sure you put this in the Volume section of studies

declare lower;
declare zerobase;

input length = 50;

def AvgVol = Average(volume * 2);

plot Vol = volume;
plot VolAvg = Average(volume, length);

Vol.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Vol.SetLineWeight(3);
Vol.DefineColor("Up", Color.UPTICK);
Vol.DefineColor("Down", Color.DOWNTICK);
Vol.AssignValueColor(if close > close[1] then Vol.color("Up") else if close < close[1] then Vol.color("Down") else GetColor(1));
VolAvg.SetDefaultColor(GetColor(8));

AssignPriceColor(if close > close[1] AND volume > AvgVol then color.White else color.current);
AssignPriceColor(if close < close[1] AND volume > AvgVol then color. Magenta else color.current);