AlgoFLow [Tradytics] For ThinkOrSwim

[John Thanos]

Hi everyone,

I stumbled upon this on IG. Attached is a video describing the functions. I searched around TOS and found VolumeFlowIndicator. I adjusted the settings using (22, 2.5) from the default (130, 2.5) and I dragged it up to "Price" in the Edit Studies pop up. I'm using the 1 or 5min and it looks like it's close to Tradytics AlgoFlow. I'm not a coder at all and have no clue to make any adjustments. I was wondering if anyone could clean this up to make similar to Tradytics. Thanks.

ToS VolumeFlowIndicator:

#
# TD Ameritrade IP Company, Inc. (c) 2007-2022
#

declare lower;

input length = 130;
input maxVolumeCutOff = 2.5;

assert(maxVolumeCutOff > 0, "'max volume cut off' must be positive: " + maxVolumeCutOff);

def cutOff = 0.2 * stdev(log(hlc3) - log(hlc3[1]), 30) * close;
def hlcChange = hlc3 - hlc3[1];
def avgVolume = Average(volume, 50)[1];
def minVolume = Min(volume, avgVolume * maxVolumeCutOff);
def dirVolume = if hlcChange > cutOff
    then minVolume
    else if hlcChange < -cutOff
        then -minVolume
        else 0;

plot VFI = ExpAverage(sum(dirVolume, length) / avgVolume, 3);
plot ZeroLine = 0;

VFI.setDefaultColor(getColor(8));
ZeroLine.setDefaultColor(getColor(8));

 

[novadolla]

I like this

 

[henry1224]

Hi everyone,

I stumbled upon this on IG. Attached is a video describing the functions. I searched around TOS and found VolumeFlowIndicator. I adjusted the settings using (22, 2.5) from the default (130, 2.5) and I dragged it up to "Price" in the Edit Studies pop up. I'm using the 1 or 5min and it looks like it's close to Tradytics AlgoFlow. I'm not a coder at all and have no clue to make any adjustments. I was wondering if anyone could clean this up to make similar to Tradytics. Thanks.

ToS VolumeFlowIndicator:

#
# TD Ameritrade IP Company, Inc. (c) 2007-2022
#

declare lower;

input length = 130;
input maxVolumeCutOff = 2.5;

assert(maxVolumeCutOff > 0, "'max volume cut off' must be positive: " + maxVolumeCutOff);

def cutOff = 0.2 * stdev(log(hlc3) - log(hlc3[1]), 30) * close;
def hlcChange = hlc3 - hlc3[1];
def avgVolume = Average(volume, 50)[1];
def minVolume = Min(volume, avgVolume * maxVolumeCutOff);
def dirVolume = if hlcChange > cutOff
    then minVolume
    else if hlcChange < -cutOff
        then -minVolume
        else 0;

plot VFI = ExpAverage(sum(dirVolume, length) / avgVolume, 3);
plot ZeroLine = 0;

VFI.setDefaultColor(getColor(8));
ZeroLine.setDefaultColor(getColor(8));

I changed it to plot as a histogram and redefined the colors, also I added Bollinger

#
# TD Ameritrade IP Company, Inc. (c) 2007-2022
#

declare lower;

input length = 130;
input maxVolumeCutOff = 2.5;

assert(maxVolumeCutOff > 0, "'max volume cut off' must be positive: " + maxVolumeCutOff);

def cutOff = 0.2 * stdev(log(hlc3) - log(hlc3[1]), 30) * close;
def hlcChange = hlc3 - hlc3[1];
def avgVolume = Average(volume, 50)[1];
def minVolume = Min(volume, avgVolume * maxVolumeCutOff);
def dirVolume = if hlcChange > cutOff
    then minVolume
    else if hlcChange < -cutOff
        then -minVolume
        else 0;

plot VFI = ExpAverage(sum(dirVolume, length) / avgVolume, 3);
def Up = VFI > 0;
def Dn = VFI < 0;
def Increase = VFI > VFI[1];
def Decrease = VFI < VFI[1];
VFI.setPaintingStrategy(PaintingStrategy.HISTOGRAM);
VFI.AssignValueColor( if up and increase then Color.Cyan else if Up and Decrease then color.blue else if Dn and Increase then Color.Magenta else if Dn and Decrease then Color.Red else color.Dark_Gray);
VFI.SetLineWeight(2);
AddCloud(VFI,0,Color.Cyan,Color.Magenta);
plot ZeroLine = 0;
ZeroLine.setDefaultColor(getColor(8));

input displace = 0;
input BBlength = 20;
input Num_Dev = 2;
input averageType = AverageType.Simple;

def sDev = stdev(data = VFI[-displace], length = BBlength);

def MidLine = MovingAverage(averageType, data = VFI[-displace], length = BBlength);
def LowerBand = MidLine - num_Dev * sDev;
def UpperBand = MidLine + num_Dev * sDev;
Plot UB = if IsNaN(VFI < 0) then Double.NaN else UpperBand;
Plot LB = if IsNaN(VFI < 0) then Double.NaN else LowerBand;

LB.SetDefaultColor(Color.Yellow);
UB.SetDefaultColor(Color.Yellow);

bands