Volume Buy Sell Pressure with Hot Percent for ThinkorSwim

Paul Bunion said:
Here is a volume indicator that I like to use in everyday trading. it really helps with identifying who is in control.

Code: 
# Original author: Unknown
declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume = yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(5);

# Total Volume

Plot BuyVol = volume;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Dark_Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 50;

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));

Video Tutorial


Here is another volume pressure created by Mobius, "this is a pretty popular study and not on the TOS included studies."

Code: 
# Volume Pressure
# Mobius
# Mobius at MyTrade
# V01.02.2010

declare lower;

input nVP = 21;
input VPdelta = 21;

  plot VP = Sum(((close - open) / (high - low)) * volume, nVP);
  def VPup = Average(VP, VPdelta)  >  Average(VP, VPdelta)[1];
  def VPdn = Average(VP, VPdelta)  <  Average(VP, VPdelta)[1];;
          VP.SetPaintingStrategy(PaintingStrategy.Histogram);
          VP.SetLineWeight(3);
          VP.AssignValueColor(if VP < 0 and VPup
                                            then Color.Light_GREEN
                                            else if VP > 0 and VPup
                                            then Color.Green
                                            else if VP > 0 and VPdn
                                            then Color.Yellow
                                            else  Color.RED);

  plot zerobase = If isNaN(volume) then Double.NaN else 0;
          zerobase.SetPaintingStrategy(PaintingStrategy.Line);
          zerobase.SetLineWeight(1);
          zerobase.AssignValueColor(if IsAscending(VP, nVP)
                                                        then Color.GREEN
                                                        else  Color.RED);

  plot TrendLine = Inertia(VP, 55);
          TrendLine.SetLineWeight(1);
          TrendLine.AssignValueColor(if Sum(TrendLine > TrendLine[1], 3) == 3
                                                          then Color.Blue
                                                          else  Color.White);

It works on all time frames.
Click to expand...
Hi I know I am late to the party here, but may I ask does this buy/sell indicator show the buy and the sell volume accurately? I have read that TOS only provides data for total volume that is not identified as buy or sell individually? If this is correct how does this indicator identify either please? Thanks!
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

SIGN UP NOW LEARN MORE
horserider said:
Volume indicator showing total, buy, and sell volumes as a histogram. Also average volume as a line plot. Bars with a specified percent over the average volume are marked on the bar. Additional Volume information provided by labels.
Rework of the previous study to show better representation of what volume is doing. Please consider replacing the old study if you are using it.

2019-12-30-TOS-CHARTS.png


Code: 
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...
hey guys, with the volume indicators, is there a way of excluding the premarket volume? The average is always off in the morning because the premarket low volume. Is there a script to exclude premarket?
 
Paul Bunion said:
Here is a volume indicator that I like to use in everyday trading. it really helps with identifying who is in control.

Code: 
# Original author: Unknown
declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume = yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(5);

# Total Volume

Plot BuyVol = volume;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Dark_Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 50;

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));

Video Tutorial


Here is another volume pressure created by Mobius, "this is a pretty popular study and not on the TOS included studies."

Code: 
# Volume Pressure
# Mobius
# Mobius at MyTrade
# V01.02.2010

declare lower;

input nVP = 21;
input VPdelta = 21;

  plot VP = Sum(((close - open) / (high - low)) * volume, nVP);
  def VPup = Average(VP, VPdelta)  >  Average(VP, VPdelta)[1];
  def VPdn = Average(VP, VPdelta)  <  Average(VP, VPdelta)[1];;
          VP.SetPaintingStrategy(PaintingStrategy.Histogram);
          VP.SetLineWeight(3);
          VP.AssignValueColor(if VP < 0 and VPup
                                            then Color.Light_GREEN
                                            else if VP > 0 and VPup
                                            then Color.Green
                                            else if VP > 0 and VPdn
                                            then Color.Yellow
                                            else  Color.RED);

  plot zerobase = If isNaN(volume) then Double.NaN else 0;
          zerobase.SetPaintingStrategy(PaintingStrategy.Line);
          zerobase.SetLineWeight(1);
          zerobase.AssignValueColor(if IsAscending(VP, nVP)
                                                        then Color.GREEN
                                                        else  Color.RED);

  plot TrendLine = Inertia(VP, 55);
          TrendLine.SetLineWeight(1);
          TrendLine.AssignValueColor(if Sum(TrendLine > TrendLine[1], 3) == 3
                                                          then Color.Blue
                                                          else  Color.White);

It works on all time frames.
Click to expand...
I just started using this script, but I would like an explanation on the histogram please, like how to use it and what do the blue bars mean and what do yellow, green, and red mean.Overall I just want to know how I can use this indicator to my advantage. And thank you .
 
horserider said:
Volume indicator showing total, buy, and sell volumes as a histogram. Also average volume as a line plot. Bars with a specified percent over the average volume are marked on the bar. Additional Volume information provided by labels.
Rework of the previous study to show better representation of what volume is doing. Please consider replacing the old study if you are using it.

2019-12-30-TOS-CHARTS.png


Code: 
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...
Hello, I like this indicator( My Buy/Sell volume Breakdown), but it will not let me put it on a Weekly or Monthly Chart. Is there a way to do so
 
@jhey alright I did it.

Ruby: 
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def aP = if GetAggregationPeriod() <= AggregationPeriod.DAY then AggregationPeriod.DAY else GetAggregationPeriod();

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = aP)[1] + volume(period = aP)[2] + volume(period = aP)[3] + volume(period = aP)[4] + volume(period = aP)[5] + volume(period = aP)[6] + volume(period = aP)[7] + volume(period = aP)[8] + volume(period = aP)[9] + volume(period = aP)[10] + volume(period = aP)[11] + volume(period = aP)[12] + volume(period = aP)[13] + volume(period = aP)[14] + volume(period = aP)[15] + volume(period = aP)[16] + volume(period = aP)[17] + volume(period = aP)[18] + volume(period = aP)[19] + volume(period = aP)[20] + volume(period = aP)[21] + volume(period = aP)[22] + volume(period = aP)[23] + volume(period = aP)[24] + volume(period = aP)[25] + volume(period = aP)[26] + volume(period = aP)[27] + volume(period = aP)[28] + volume(period = aP)[29] + volume(period = aP)[30]) / 30;
def today = volume(period = aP);
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
 
SuryaKiranC said:
@jhey alright I did it.

Ruby: 
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def aP = if GetAggregationPeriod() <= AggregationPeriod.DAY then AggregationPeriod.DAY else GetAggregationPeriod();

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = aP)[1] + volume(period = aP)[2] + volume(period = aP)[3] + volume(period = aP)[4] + volume(period = aP)[5] + volume(period = aP)[6] + volume(period = aP)[7] + volume(period = aP)[8] + volume(period = aP)[9] + volume(period = aP)[10] + volume(period = aP)[11] + volume(period = aP)[12] + volume(period = aP)[13] + volume(period = aP)[14] + volume(period = aP)[15] + volume(period = aP)[16] + volume(period = aP)[17] + volume(period = aP)[18] + volume(period = aP)[19] + volume(period = aP)[20] + volume(period = aP)[21] + volume(period = aP)[22] + volume(period = aP)[23] + volume(period = aP)[24] + volume(period = aP)[25] + volume(period = aP)[26] + volume(period = aP)[27] + volume(period = aP)[28] + volume(period = aP)[29] + volume(period = aP)[30]) / 30;
def today = volume(period = aP);
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...
Yessir!!! I can't thank you enough! This is great. Thanks for taking the time to make this happen. I really appreciate you and others alike.
 
I dont understand the concept here. If I am using a 30 minute time frame, the formula in the script should only be able to determine what happened at the end of that 30 minute candle. How would it integrate every single trade within that candle in order to provide a cumulative pattern over that time frame?

Assuming it works as proposed, would is also work on options? Ran a quick scan and cant make them work on options.
 
universeisgr8 said:
I dont understand the concept here. If I am using a 30 minute time frame, the formula in the script should only be able to determine what happened at the end of that 30 minute candle. How would it integrate every single trade within that candle in order to provide a cumulative pattern over that time frame?

Assuming it works as proposed, would is also work on options? Ran a quick scan and cant make them work on options.
Click to expand...
Custom scripts will not work in the Option Hacker
 
Last edited:
I think I came up with a way to color the volume bars better. Instead of having a buy, sell & total volume, we now have a "lower volume" & "total volume".
  • If sell volume is lower than buy volume it is red & total volume is green; making it appear that buy volume is stacked on top of sell volume.
  • If buy volume is lower than sell volume it is green & total volume is red; making it appear that sell volume is stacked on top of buy volume.
Code: 
# N_Volume_Buy_Sell

# Buying volume in green.  Sell Volume in red.
# Total volume is buy & sell volumes "stacked" on each other.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.

# Horserider 12/30/2019 derived from some already existing studies.
# Ghostrider 01/11/21 Added current bar buy percent label
# Narhoads 02/23/22 Simplified the volume bar coloring system for visual purposes

declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;
input ShowBuyVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);


# Lower Volume
Plot LowerVOL = (if buying > selling then selling
else if selling > buying then buying
else double.NaN);

LowerVOL.setPaintingStrategy(PaintingStrategy.Histogram);
LowerVOL.HideTitle();
LowerVOL.HideBubble();
LowerVOL.SetLineWeight(1);

#### Lower volume bar coloring (buy vs sell - lower volume color) ####
LowerVOL.DefineColor("BUYcolor", Color.GREEN);
LowerVOL.DefineColor("SELLcolor", Color.RED);
LowerVOL.DefineColor("FLATcolor", Color.GRAY);

LowerVOL.AssignValueColor
(if buying < selling then LowerVOL.Color("BUYcolor")
 else if selling < buying then LowerVOL.Color("SELLcolor")
 else LowerVOL.Color("FLATcolor"));


# Total Volume
plot TV =  volume;
TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

#### "Total volume" bar coloring (buy vs sell - higher volume color) ####
TV.DefineColor("BUYcolor", Color.GREEN);
TV.DefineColor("SELLcolor", Color.RED);
TV.DefineColor("FLATcolor", Color.GRAY);

TV.AssignValueColor
(if buying > selling then TV.Color("BUYcolor")
 else if selling > buying then TV.Color("SELLcolor")
 else TV.Color("FLATcolor"));



#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);
def BuyVolPercent = Round((Buying / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Day: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowBuyVolumePercent, "Cur Bar Buy: " + BuyVolPercent + "%", (if BuyVolPercent > 51 then Color.GREEN else if BuyVolPercent < 49 then Color.RED else Color.ORANGE));

AddLabel(ShowSellVolumePercent, "Sell: " + SellVolPercent + "%", (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));


input length = 30;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
 
SuryaKiranC said:
@jhey alright I did it.

Ruby: 
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def aP = if GetAggregationPeriod() <= AggregationPeriod.DAY then AggregationPeriod.DAY else GetAggregationPeriod();

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = aP)[1] + volume(period = aP)[2] + volume(period = aP)[3] + volume(period = aP)[4] + volume(period = aP)[5] + volume(period = aP)[6] + volume(period = aP)[7] + volume(period = aP)[8] + volume(period = aP)[9] + volume(period = aP)[10] + volume(period = aP)[11] + volume(period = aP)[12] + volume(period = aP)[13] + volume(period = aP)[14] + volume(period = aP)[15] + volume(period = aP)[16] + volume(period = aP)[17] + volume(period = aP)[18] + volume(period = aP)[19] + volume(period = aP)[20] + volume(period = aP)[21] + volume(period = aP)[22] + volume(period = aP)[23] + volume(period = aP)[24] + volume(period = aP)[25] + volume(period = aP)[26] + volume(period = aP)[27] + volume(period = aP)[28] + volume(period = aP)[29] + volume(period = aP)[30]) / 30;
def today = volume(period = aP);
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...
@SuryaKiranC is there a way to have a label that shows sell volume of first 5 min only?
Thank you
 
horserider said:
Code: 
#Volume Buy Sell Pressure with Hot Percent for ThinkorSwim
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...


Is there a way you can add Up & down arrows to the VolAvg based on the High peak & low peak average volume?
 
horserider said:
Volume indicator showing total, buy, and sell volumes as a histogram. Also average volume as a line plot. Bars with a specified percent over the average volume are marked on the bar. Additional Volume information provided by labels.
Rework of the previous study to show better representation of what volume is doing. Please consider replacing the old study if you are using it.

2019-12-30-TOS-CHARTS.png


Code: 
#Volume Buy Sell Pressure with Hot Percent for ThinkorSwim
# Show total volume in gray.  Buying volume in green.  Sell Volume in red.
# Volume average is gray line.
# Specified percent over average volume is cyan triangles.
# Horserider 12/30/2019 derived from some already existing studies.


declare lower;

#Inputs

input Show30DayAvg = yes;
input ShowTodayVolume =  yes;
input ShowPercentOf30DayAvg = yes;
input UnusualVolumePercent = 200;
input Show30BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf30BarAvg = yes;
input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

# Selling Volume

Plot SellVol = selling;
SellVol.setPaintingStrategy(PaintingStrategy.Histogram);
SellVol.SetDefaultColor(Color.Red);
SellVol.HideTitle();
SellVol.HideBubble();
SellVol.SetLineWeight(1);

# Total Volume

# Note that Selling + Buying Volume = Volume.
plot TV =  volume;

TV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TV.SetDefaultColor(Color.GRAY);
#TV.HideTitle();
#TV.HideBubble();
TV.SetLineWeight(1);

Plot BuyVol = buying;
BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);
BuyVol.SetDefaultColor(Color.Green);
BuyVol.HideTitle();
BuyVol.HideBubble();
BuyVol.SetLineWeight(5);

#Volume Data

def volLast30DayAvg = (volume(period = "DAY")[1] + volume(period = "DAY")[2] + volume(period = "DAY")[3] + volume(period = "DAY")[4] + volume(period = "DAY")[5] + volume(period = "DAY")[6] + volume(period = "DAY")[7] + volume(period = "DAY")[8] + volume(period = "DAY")[9] + volume(period = "DAY")[10] + volume(period = "DAY")[11] + volume(period = "DAY")[12] + volume(period = "DAY")[13] + volume(period = "DAY")[14] + volume(period = "DAY")[15] + volume(period = "DAY")[16] + volume(period = "DAY")[17] + volume(period = "DAY")[18] + volume(period = "DAY")[19] + volume(period = "DAY")[20] + volume(period = "DAY")[21] + volume(period = "DAY")[22] + volume(period = "DAY")[23] + volume(period = "DAY")[24] + volume(period = "DAY")[25] + volume(period = "DAY")[26] + volume(period = "DAY")[27] + volume(period = "DAY")[28] + volume(period = "DAY")[29] + volume(period = "DAY")[30]) / 30;
def today = volume(period = "DAY");
def percentOf30Day = Round((today / volLast30DayAvg) * 100, 0);
def avg30Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10] + volume[11] + volume[12] + volume[13] + volume[14] + volume[15] + volume[16] + volume[17] + volume[18] + volume[19] + volume[20] + volume[21] + volume[22] + volume[23] + volume[24] + volume[25] + volume[26] + volume[27] + volume[28] + volume[29] + volume[30]) / 30;
def curVolume = volume;
def percentOf30Bar = Round((curVolume / avg30Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show30DayAvg, "Avg 30 Days: " + Round(volLast30DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30DayAvg, percentOf30Day + "%", (if percentOf30Day >= UnusualVolumePercent then Color.GREEN else if percentOf30Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show30BarAvg, "Avg 30 Bars: " + Round(avg30Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf30BarAvg, PercentOf30Bar + "%", (if PercentOf30Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf30Bar >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));

input length = 20;
plot VolAvg = Average(volume, length);

VolAvg.SetDefaultColor(GetColor(7));


# hiVolume indicator
# source: http://tinboot.blogspot.com
# author: allen everhart


input type = { default SMP, EXP } ;
input length1 = 20 ;
input hotPct = 100.0 ;

def ma =
if type == type.SMP then
SimpleMovingAvg(volume, length)
else
MovAvgExponential(volume, length);

plot hv =
if 100 * ((volume / ma) - 1) >= hotPct then
ma
else
Double.NaN;

hv.SetDefaultColor( Color.CYAN);
hv.SetLineWeight(1) ;
hv.SetPaintingStrategy( PaintingStrategy.TRIANGLES);
Click to expand...
What if I want to use for this great indicator for day trading. For instance, I am using 2 minute time frames on all my other indicators. What would I change for using 5 bar averages and 5 minute time frames? Thanks. I have been whipsawed many times on futures and believe a change in volume may make a difference. My other charts use Chaikin Oscillator, Chaikin Money Flow, Stochastics, Volume Profile, Bollinger,
 
Horserider, would it be possible to change your volume buy sell indicator to weekly and monthly? I tried to change all your code to BAR designation from Day. I concluded if I was calculating buy sell volume on bars than I could use any designation including week and month. The highly liquid stocks have weekly and monthly cycles that are more consistent, therefore easier to trade both debit and credit spreads. Thank you for sharing your thinkscript with us. Lesnewby
 
TechGuy said:
What if I want to use for this great indicator for day trading. For instance, I am using 2 minute time frames on all my other indicators. What would I change for using 5 bar averages and 5 minute time frames? Thanks. I have been whipsawed many times on futures and believe a change in volume may make a difference. My other charts use Chaikin Oscillator, Chaikin Money Flow, Stochastics, Volume Profile, Bollinger,
Click to expand...
Hi Horserider...Need your assistance. How do I change the parameter from a 30 day to a 5 minute? See my comment above. What can I use to delete and replace? Many Thanks.
 
horserider said:
@zeek

Code: 
declare lower;

#Inputs

input ShowSellVolumePercent = yes;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;
def buying = V*(C-L)/(H-L);
def selling = V*(H-C)/(H-L);

#Volume Data


def today = volume(period = "DAY");

def curVolume = volume;

def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(ShowSellVolumePercent, "Cur Bar Sell %: " + SellVolPercent, (if SellVolPercent > 51 then Color.RED else if SellVolPercent < 49 then Color.GREEN else Color.ORANGE));
Click to expand...
Hello horserider, I am trying to make a change to the label colors, but hitting my head on a wall. Will you (or anyone else) please assist. I have copied what I am trying to do below. Thank you.

AddLabel(ShowSellVolumePercent, "Sell% " + SellVolPercent, (if SellVolPercent >= 75 and <= 89 Color.Yellow else if SellVolPercent >= 90 then Color.RED else if SellVolPercent <= 25 and >= 11 Color.Yellow else if SellVolPercent <= 10 then Color.GREEN else Color.GRAY));
 
Rojo Grande said:
Hello horserider, I am trying to make a change to the label colors, but hitting my head on a wall. Will you (or anyone else) please assist. I have copied what I am trying to do below. Thank you.

AddLabel(ShowSellVolumePercent, "Sell% " + SellVolPercent, (if SellVolPercent >= 75 and <= 89 Color.Yellow else if SellVolPercent >= 90 then Color.RED else if SellVolPercent <= 25 and >= 11 Color.Yellow else if SellVolPercent <= 10 then Color.GREEN else Color.GRAY));
Click to expand...
Hi Rojo, are you replying to my question on 3/14 and 4/29? If so, do I copy the script above and paste it to the original Paul Bunion Formula...found below...
?
 
TechGuy said:
Hi Rojo, are you replying to my question on 3/14 and 4/29? If so, do I copy the script above and paste it to the original Paul Bunion Formula...found below...
?
Click to expand...
Hi TechGuy,
No, I am not replying to your posts. What I am trying to accomplish is to get separate colors for the range between 75-89, 90-100, and also 25-11, 10-0. The script I posted above was my feeble attempt at it, and does not work. I was hoping for someone to point me in the right direction.
 
San said:
@horserider

when time permit can you help me ... I have some difficulty to view the Volume bar Hight., when I scroll the chart right or left I see Volume bar hight shows very very small and its not shown on same scale. I tried to select " chart scale fit high /Low" but same result.I
Click to expand...

San said:
@horserider

when time permit can you help me ... I have some difficulty to view the Volume bar Hight., when I scroll the chart right or left I see Volume bar hight shows very very small and its not shown on same scale. I tried to select " chart scale fit high /Low" but same result.
Click to expand...
I believe I have a work around for this as it has drove me crazy in the past as well when volume spikes so high that it distorts the volume bar chart making it appear like it's 'smushed' together.

#First make sure you have volume average defined and ploted as #the first plot. something like this :
input length = 20;
def volavg = average(volume, length );

#Then for this particular study, maybe define the "lowervol" as #something like:
DEF LVOL = (if buying > selling then selling
else if selling > buying then buying
else double.NaN);

#and plot the lowervol as:
PLOT LOWERVOL = IF LVOL >= (VOLAVG * 2) THEN AVERAGE(VOLUME,LENGTH) ELSE LVOL;
LowerVOL.setPaintingStrategy(PaintingStrategy.Histogram);

# I could be wrong, as I'm still learning, but I think this should plot #any volume bars that are spiking 2x the volume avg as equal to #the volume average instead

#Then plot the total volume maybe like this :
PLOT TV = IF LVOL AND VOLUME >= (VOLAVG * 2) THEN AVERAGE(VOLUME,LENGTH) ELSE VOLUME;


I believe this will make the volume at least appear as you want it, although the particular volume spikes greater than 2x the volume average will not be accurate. You could then add an arrow to point out the particular bar that is spiking or just use what's already there (the triangles ) as a reference because the ma plot is extrememly close to pointing out all of the same spikes, you could just adjust it to show what you would like. Anyway, here is the difference between this script and if you edit it like I mentioned. The bars are much bigger, if that's what you are after.

I may have some of the coding inncorrect, so correct me if I'm wrong. I am fairly new to this.

Edit: I realized I don't think there's a way to upload an image without using dropbox or something similar, so try it for yourself and see if you like it, sorry I don't have a image hosting service account to upload a picture.
 
Hi Guys, great indicator. Im working on a strategy which require time based buy/sell volume. i want to see first 30mins buy/sell volume. is it possible? please guide
apologies if its already shared.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
Jman831 Jman Buy And Sell Volume Pressure For ThinkOrSwim Indicators 30
T NextSignals Aggressive Buy & Sell Pressure Volume For ThinkOrSwim Indicators 8
T Buy Sell Volume Pressure - Alternate Indicator For ThinkOrSwim Indicators 0
merryDay All Buy / Sell Volume Pressure Indicators & Labels For ThinkOrSwim Indicators 199
BenTen Tick Buy and Sell Volume Indicator for ThinkorSwim Indicators 23

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
391 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top