# Original script by justAnotherTrader, expanded color palette by netarchitech, improved to exclude extended hours from trade count average by lmk99 using code from Joshua ; thead at https://usethinkscript.com/threads/abnormal-number-of-trades-intraday-for-thinkorswim.3171/#post-128465
declare lower;
declare zerobase;
plot TradeCount = tick_count;
input Length = 21;
def isOpen =
between(
GetTime(),
RegularTradingStart(GetYYYYMMDD()),
RegularTradingEnd(GetYYYYMMDD())
)
;
def NoExIndex =
if isOpen then
AbsValue(
Fold i = 0 to Max(0,BarNumber())
with d = 0 while d >= 0 do
if d == Length then -i
else if GetValue(isOpen,i) then d + 1
else d
)
else 0
;
def NoExMa =
if isOpen then
(
Fold Index = 0 to NoExIndex with Data do
if GetValue(isOpen,index)
then Data + GetValue(TradeCount,index)
else Data
)
else Double.NaN
;
def Len =
(NoExMa - floor(NoExMa)) * 1000
;
def Tot =
Floor(NoExMa) * 0.01
;
def AvgTradeCount_pre = NoExMa / Length;
#NoExtHourMA.setpaintingStrategy(paintingStrategy.Line_Vs_POINTS);
#NoExtHourMA.setdefaultColor(color.white);
#Plot WithExHours = Average(close,Length);
#WithExHours.setdefaultColor(color.white);
#NoExtHourMA.assignValueColor(if NoExtHourMA == WithExHours then color.cyan else color.yellow);
input AbnormalTradeMultiplier = 3;
input AvgTradeCountLength = 21; #50;
plot AvgTradeCount = Round(AvgTradeCount_pre, 0);
#def AbnormalTradeLevel = AvgTradeCount * AbnormalTradeMultiplier;
plot AbnormalTradeLevel = AvgTradeCount * AbnormalTradeMultiplier;
TradeCount.SetLineWeight(3);
TradeCount.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
TradeCount.AssignValueColor(
if TradeCount >= AbnormalTradeLevel and close > open then Color.GREEN
else if TradeCount >= AbnormalTradeLevel and open > close then Color.RED
else if TradeCount >= AvgTradeCount and open < close then Color.DARK_GREEN
else if TradeCount >= AvgTradeCount and open > close then Color.DARK_RED
else if TradeCount < AvgTradeCount and close < open then Color.GRAY
else if TradeCount < AvgTradeCount and close > open then Color.LIGHT_GRAY
else Color.ORANGE);
AvgTradeCount.SetDefaultColor(Color.YELLOW);
AvgTradeCount.SetLineWeight(2);
AvgTradeCount.HideTitle();
AbnormalTradeLevel.SetDefaultColor(Color.LIGHT_GRAY);
AbnormalTradeLevel.SetLineWeight(2);
AbnormalTradeLevel.HideTitle();
AbnormalTradeLevel.Hide();
