Advanced Volume Indicator for ThinkorSwim

[twitty_twit]

@Welkin

I think I figured it out.

I changed "PaintingStrategy.HISTOGRAM" to ".HISTOGRAM" in your code.

Appearance wise, it looks right.

But did I do it correctly? Just want to make sure I didn't mess up your perfect code. Thanks

 

[BenTen]

@twitty_twit That's one way to do it. I don't see anything wrong.

 

[twitty_twit]

@Welkin

I have a couple of questions:

Question #1: How can I flip the buy (green) and red (sell) colors in each volume bar?

Currently, the buy (green) part is located on the bottom and the red (sell) is on top of the bar.

I want to reverse them (=the buy part goes to the top of the bar & the sell part is on bottom).

Can you guide me where in the code I need to change?

Question #2: I saw you gave out the code for the cumulative volume between 930 - 1030.

Where can I add the code? I tried to add it (below) at the end of your original code for the indicator, but received the following error message.

The code from #69:

declare lower;
def T1Start = 0930;
def T1End = 1029;

def NA = Double.NaN;
def conf = SecondsFromTime(T1Start) >= 0 and SecondsFromTime(T1End) <= 0;

def cvolT1 = if conf and !conf[1] then volume else if conf then cvolT1[1] + volume else cvolT1[1];

plot cvol = if conf then cvolT1 else NA;

cvol.SetDefaultColor(Color.YELLOW);
cvol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);

 

[Welkin]

@Welkin

I have a couple of questions:

Question #1: How can I flip the buy (green) and red (sell) colors in each volume bar?

Currently, the buy (green) part is located on the bottom and the red (sell) is on top of the bar.

I want to reverse them (=the buy part goes to the top of the bar & the sell part is on bottom).

Can you guide me where in the code I need to change?

Question #2: I saw you gave out the code for the cumulative volume between 930 - 1030.

Where can I add the code? I tried to add it (below) at the end of your original code for the indicator, but received the following error message.

The code from #69:

declare lower;
def T1Start = 0930;
def T1End = 1029;

def NA = Double.NaN;
def conf = SecondsFromTime(T1Start) >= 0 and SecondsFromTime(T1End) <= 0;

def cvolT1 = if conf and !conf[1] then volume else if conf then cvolT1[1] + volume else cvolT1[1];

plot cvol = if conf then cvolT1 else NA;

cvol.SetDefaultColor(Color.YELLOW);
cvol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);

here you go, this should have the changes you wanted:
http://tos.mx/cas8sK8

also the cumulative vol is best left as a separate script, because when it plots it'll skew the normal volume data too much and make it difficult to read.

 

[AssassinAR15]

@Welkin Thank you for all you do! This is really good stuff!

I have a question.....If I just wanted to pull out the Sigma 1, Sigma 2 and Sigma 3 concept from this script, what would that portion of the script look like?

In other words, I would just want to see the 3 lines (average (blue), sigma 2 (orange) and sigma 3 (magenta) on a regular volume graph and a label telling me which line it is on. Would want this to work for any timeframe (1M to D)

Hope this makes sense. Thank you for your time!

 

[Welkin]

@Welkin Thank you for all you do! This is really good stuff!

I have a question.....If I just wanted to pull out the Sigma 1, Sigma 2 and Sigma 3 concept from this script, what would that portion of the script look like?

In other words, I would just want to see the 3 lines (average (blue), sigma 2 (orange) and sigma 3 (magenta) on a regular volume graph and a label telling me which line it is on. Would want this to work for any timeframe (1M to D)

Hope this makes sense. Thank you for your time!

this should do it

declare on_volume;
input AvgVolLength = 20;
input VolAverageType = AverageType.SIMPLE;
input ShowLabel = yes;
DefineGlobalColor("VolAvg", CreateColor(0, 100, 200));
DefineGlobalColor("Sigma2", Color.DARK_ORANGE);
DefineGlobalColor("Sigma3", Color.MAGENTA);
def Vol = volume;
plot VolAvg = MovingAverage(VolAverageType, Vol, AvgVolLength);
#2Sigma and 3Sigma Vol Filter
def Num_Dev1 = 2.0;
def Num_Dev2 = 3.0;
def averageType = AverageType.SIMPLE;
def sDev = StDev(data = Vol, length = AvgVolLength);
plot VolSigma2 = VolAvg + Num_Dev1 * sDev;
plot VolSigma3 = VolAvg + Num_Dev2 * sDev;
def avgtest = Vol > VolAvg;
def sig2test = Vol > VolSigma2;
def sig3test = Vol > VolSigma3;

VolAvg.SetDefaultColor(GlobalColor("VolAvg"));
VolSigma2.SetDefaultColor(GlobalColor("Sigma2"));
VolSigma3.SetDefaultColor(GlobalColor("Sigma3"));
AddLabel(ShowLabel, if sig3test then "     Vol > Sigma3     " else if sig2test then "     Vol > Sigma2     " else if avgtest then "    Vol > Avg     " else "                  ", if sig3test then GlobalColor("Sigma3") else if sig2test then GlobalColor("Sigma2") else if avgtest then GlobalColor("VolAvg") else Color.DARK_GRAY);

 

[MerryDay]

The author of the study isn't available on the forum to provide answers to questions. So this thread has been locked.
Other members are offering their contributions on the Questions Forum in the thread --> https://usethinkscript.com/threads/coding-help-for-welkins-advanced-volume-indicator.7295/