All Buy / Sell Volume Pressure Indicators & Labels For ThinkOrSwim

merryDay said:
Chris's Enhanced Volume For ThinkOrSwim
Buy / Sell Volume Pressure Percentages
View attachment 913
Buyers and Sellers is not information available in the data feeds.
When we look at the movement of price in comparison to volume, it is called Volume Pressure.
The scripts discussed here are representative of the PRICE spread compared to the overall volume spread.

We create a percentage for buying and selling pressure by using the candlestick patterns weighted volume.
Volume Pressure identifies the price movement which when aggregated with volume it is used to define MOMENTUM not actual buyers and sellers.
You can't apply the momentum percentage to the volume number and declare that to be the number of buyers and sellers.
View attachment 11814View attachment 11815
Ruby: 
#Chris' Enhanced Volume V.2 /w Uptick/Downtick

declare on_volume;

###############
#DPL CRITERIA #
###############
input Audible_Alert = yes;
def Deviation_Length = 60;
def Deviate = 2;
def volumestdev = RelativeVolumeStDev(length = Deviation_Length);
def abovedev = volumestdev >= Deviate;
def belowdev = volumestdev <= Deviate;

############
# DPL BARS #
############
def increase = volume > volume[1];
def devincrease = increase and abovedev;
def decrease = volume < volume[1];
def devdecrease = decrease and abovedev;

##############################
# UPTICK / DOWNTICK CRITERIA #
##############################
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 SV = Selling;
SV.DefineColor("Decrease", Color.rED);
SV.DefineColor("DevDecrease", Color.pink);
SV.AssignValueColor(if devdecrease then SV.Color("DevDecrease") else SV.Color("Decrease"));
SV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
SV.HideTitle();
SV.HideBubble();
SV.SetLineWeight(5);

#################
# Buying Volume #
#################
DefineGlobalColor("LabelGreen",  CreateColor(0, 165, 0)) ;
plot BV = Buying;
BV.DefineColor("Increase", GlobalColor("LabelGreen"));
BV.DefineColor("DevIncrease", Color.light_GREEN);
BV.AssignValueColor(if devincrease then BV.Color("DevIncrease") else BV.Color("Increase"));
BV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BV.HideTitle();
BV.HideBubble();
BV.SetLineWeight(5);

#################
# Adding Volume Labels #
#################

input Show_Labels = yes;
AddLabel(Show_Labels, "Buy Vol = " + Round(Buying, 0),
if Buying > Selling then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Buy %: " + Round((Buying/(Buying+Selling))*100,2), If (Buying/(Buying+Selling))*100 > 60 then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell Vol = " + Round(Selling, 0),
if Selling > Buying then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell %: " + Round((Selling/(Selling+Buying))*100,2), If (Selling/(Selling+Buying))*100 > 60 then GlobalColor("LabelGreen") else color.RED);

Buy / Sell Volume Pressure w/ volumes and percentages -- Upper Study Labels Only
Ruby: 
#Chris' Enhanced Volume V.2 /w Uptick/Downtick LABELS ONLY

declare upper;
###############
#DPL CRITERIA #
###############
def Deviation_Length = 60;
def Deviate = 2;
def volumestdev = RelativeVolumeStDev(length = Deviation_Length);
def abovedev = volumestdev >= Deviate;
def belowdev = volumestdev <= Deviate;

############
# DPL BARS #
############
def increase = volume > volume[1];
def devincrease = increase and abovedev;
def decrease = volume < volume[1];
def devdecrease = decrease and abovedev;

##############################
# UPTICK / DOWNTICK CRITERIA #
##############################
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 #
##################
def SV = Selling;
def BV = Buying;

#################
# Adding Volume Labels #
#################
DefineGlobalColor("LabelGreen",  CreateColor(0, 165, 0)) ;
input Show_Labels = yes;
AddLabel(Show_Labels, "Buy Vol = " + Round(Buying, 0),
if Buying > Selling then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Buy %: " + Round((Buying/(Buying+Selling))*100,2), If (Buying/(Buying+Selling))*100 > 60 then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell Vol = " + Round(Selling, 0),
if Selling > Buying then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell %: " + Round((Selling/(Selling+Buying))*100,2), If (Selling/(Selling+Buying))*100 > 60 then GlobalColor("LabelGreen") else color.RED);
Click to expand...
On the lower study, it doesn't show the number of shares traded in the data box. Is there some way to make it show like on other volume indicators?
 

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FreefallJM03 said:
On the lower study, it doesn't show the number of shares traded in the data box. Is there some way to make it show like on other volume indicators?
Click to expand...

Your question is: Why are the upper and lower study labels different?
No, they are the same.
 
merryDay said:
Chris's Enhanced Volume For ThinkOrSwim
Buy / Sell Volume Pressure Percentages
View attachment 913
Buyers and Sellers is not information available in the data feeds.
When we look at the movement of price in comparison to volume, it is called Volume Pressure.
The scripts discussed here are representative of the PRICE spread compared to the overall volume spread.

We create a percentage for buying and selling pressure by using the candlestick patterns weighted volume.
Volume Pressure identifies the price movement which when aggregated with volume it is used to define MOMENTUM not actual buyers and sellers.
You can't apply the momentum percentage to the volume number and declare that to be the number of buyers and sellers.
View attachment 11814View attachment 11815
Ruby: 
#Chris' Enhanced Volume V.2 /w Uptick/Downtick

declare on_volume;

###############
#DPL CRITERIA #
###############
input Audible_Alert = yes;
def Deviation_Length = 60;
def Deviate = 2;
def volumestdev = RelativeVolumeStDev(length = Deviation_Length);
def abovedev = volumestdev >= Deviate;
def belowdev = volumestdev <= Deviate;

############
# DPL BARS #
############
def increase = volume > volume[1];
def devincrease = increase and abovedev;
def decrease = volume < volume[1];
def devdecrease = decrease and abovedev;

##############################
# UPTICK / DOWNTICK CRITERIA #
##############################
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 SV = Selling;
SV.DefineColor("Decrease", Color.rED);
SV.DefineColor("DevDecrease", Color.pink);
SV.AssignValueColor(if devdecrease then SV.Color("DevDecrease") else SV.Color("Decrease"));
SV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
SV.HideTitle();
SV.HideBubble();
SV.SetLineWeight(5);

#################
# Buying Volume #
#################
DefineGlobalColor("LabelGreen",  CreateColor(0, 165, 0)) ;
plot BV = Buying;
BV.DefineColor("Increase", GlobalColor("LabelGreen"));
BV.DefineColor("DevIncrease", Color.light_GREEN);
BV.AssignValueColor(if devincrease then BV.Color("DevIncrease") else BV.Color("Increase"));
BV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BV.HideTitle();
BV.HideBubble();
BV.SetLineWeight(5);

#################
# Adding Volume Labels #
#################

input Show_Labels = yes;
AddLabel(Show_Labels, "Buy Vol = " + Round(Buying, 0),
if Buying > Selling then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Buy %: " + Round((Buying/(Buying+Selling))*100,2), If (Buying/(Buying+Selling))*100 > 60 then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell Vol = " + Round(Selling, 0),
if Selling > Buying then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell %: " + Round((Selling/(Selling+Buying))*100,2), If (Selling/(Selling+Buying))*100 > 60 then GlobalColor("LabelGreen") else color.RED);

Buy / Sell Volume Pressure w/ volumes and percentages -- Upper Study Labels Only
Ruby: 
#Chris' Enhanced Volume V.2 /w Uptick/Downtick LABELS ONLY

declare upper;
###############
#DPL CRITERIA #
###############
def Deviation_Length = 60;
def Deviate = 2;
def volumestdev = RelativeVolumeStDev(length = Deviation_Length);
def abovedev = volumestdev >= Deviate;
def belowdev = volumestdev <= Deviate;

############
# DPL BARS #
############
def increase = volume > volume[1];
def devincrease = increase and abovedev;
def decrease = volume < volume[1];
def devdecrease = decrease and abovedev;

##############################
# UPTICK / DOWNTICK CRITERIA #
##############################
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 #
##################
def SV = Selling;
def BV = Buying;

#################
# Adding Volume Labels #
#################
DefineGlobalColor("LabelGreen",  CreateColor(0, 165, 0)) ;
input Show_Labels = yes;
AddLabel(Show_Labels, "Buy Vol = " + Round(Buying, 0),
if Buying > Selling then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Buy %: " + Round((Buying/(Buying+Selling))*100,2), If (Buying/(Buying+Selling))*100 > 60 then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell Vol = " + Round(Selling, 0),
if Selling > Buying then GlobalColor("LabelGreen") else color.red);

AddLabel(Show_Labels, "Sell %: " + Round((Selling/(Selling+Buying))*100,2), If (Selling/(Selling+Buying))*100 > 60 then GlobalColor("LabelGreen") else color.RED);
Click to expand...
Is there anyway to put the volume moving average on this? On the Schwab one it has a line going along the bars showing the volume moving average.
 
FreefallJM03 said:
Is there anyway to put the volume moving average on this? On the Schwab one it has a line going along the bars showing the volume moving average.
Click to expand...

Add a Volume Moving Average Line (simple + optional length input)
Ruby: 
# Volume Moving Average #

input volMALength = 20;   
def volMA = Average(volume, volMALength);

plot VolumeMA = volMA;
VolumeMA.SetDefaultColor(Color.YELLOW);
VolumeMA.SetLineWeight(2);
VolumeMA.SetPaintingStrategy(PaintingStrategy.LINE);
 
Hello,
I have been using the CustVolumeStudy by 7 of9 for BRT for years. However, the latest issues with TOS adding multiple decimal places to the volume has been making this studies labels all scrunged up. Was wondering if anyone can resolve this in the code and remove all the decimal points so it just shows the whole number?

UPDATE: I have figured this out and now have a great functioning volume indicator again. Here is the updated code in case anyone else is interested.

Screenshot 2026-04-08 064718.png


Code: 
# CustVolumeStudy by 7of9 for BRT (Modified for Whole Numbers)

declare lower;



#Inputs

input Show10DayAvg = yes;

input ShowTodayVolume = yes;

input ShowPercentOf10DayAvg = yes;

input UnusualVolumePercent = 200;

input Show10BarAvg = yes;

input ShowCurrentBar = yes;

input ShowPercentOf10BarAvg = yes;

input ShowSellVolumePercent = yes;



def O = open;

def H = high;

def C = close;

def L = low;



# Rounded base volume to 0 decimal places

def V = Round(volume, 0);



# Rounded buying and selling volume calculations

def buying = Round(V * (C - L) / (H - L), 0);

def selling = Round(V * (H - C) / (H - L), 0);



AddVerticalLine(( GetDay() <> GetDay()[1]), "", Color.YELLOW, Curve.SHORT_DASH);



# Selling Volume

Plot SellVol = selling;

SellVol.setPaintingStrategy(PaintingStrategy.Histogram);

SellVol.SetDefaultColor(Color.Red);

SellVol.HideTitle();

SellVol.HideBubble();

SellVol.SetLineWeight(5);



# Total Volume (Updated to use rounded 'V' instead of raw 'volume')

Plot BuyVol = V;

BuyVol.setPaintingStrategy(PaintingStrategy.Histogram);

BuyVol.SetDefaultColor(Color.Dark_Green);

BuyVol.HideTitle();

BuyVol.HideBubble();

BuyVol.SetLineWeight(5);



# Volume Data (Rounded raw inputs)

def volLast10DayAvg = Round((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]) / 10, 0);

def today = Round(volume(period = "DAY"), 0);

def percentOf10Day = Round((today / volLast10DayAvg) * 100, 0);

def avg10Bars = Round((volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10]) / 10, 0);

def curVolume = V;

def percentOf10Bar = Round((curVolume / avg10Bars) * 100, 0);



# Prevent potential division by zero if volume is exactly 0

def SellVolPercent = if V == 0 then 0 else Round((selling / V) * 100, 0);



# Labels (Cleaned up redundant rounding since base variables are now rounded)

AddLabel(Show10DayAvg, "Avg 10 Days: " + volLast10DayAvg, Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf10Day >= UnusualVolumePercent then Color.GREEN else if percentOf10Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf10DayAvg, percentOf10Day + "%", (if percentOf10Day >= UnusualVolumePercent then Color.GREEN else if percentOf10Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show10BarAvg, "Avg 10 Bars: " + avg10Bars, Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf10Bar >= UnusualVolumePercent then Color.GREEN else if percentOf10Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf10BarAvg, percentOf10Bar + "%", (if percentOf10Bar >= UnusualVolumePercent then Color.GREEN else if percentOf10Bar >= 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;



# Updated to use rounded 'V' and rounded the average

plot Vol = V;

plot VolAvg = Round(Average(volume, length), 0);

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));



declare lower;

#Inputs

input Show10DayAvg = yes;
input ShowTodayVolume = yes;
input ShowPercentOf10DayAvg = yes;
input UnusualVolumePercent = 200;
input Show10BarAvg = yes;
input ShowCurrentBar = yes;
input ShowPercentOf10BarAvg = 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);

AddVerticalLine(( GetDay() <> GetDay()[1]), "", Color.YeLLOW, Curve.SHORT_DASH);

# 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 volLast10DayAvg = (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]) / 10;
def today = volume(period = "DAY");
def percentOf10Day = Round((today / volLast10DayAvg) * 100, 0);
def avg10Bars = (volume[1] + volume[2] + volume[3] + volume[4] + volume[5] + volume[6] + volume[7] + volume[8] + volume[9] + volume[10]) / 10;
def curVolume = volume;
def percentOf10Bar = Round((curVolume / avg10Bars) * 100, 0);
def SellVolPercent = Round((Selling / Volume) * 100, 0);

# Labels

AddLabel(Show10DayAvg, "Avg 10 Days: " + Round(volLast10DayAvg, 0), Color.LIGHT_GRAY);

AddLabel(ShowTodayVolume, "Today: " + today, (if percentOf10Day >= UnusualVolumePercent then Color.GREEN else if percentOf10Day >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf10DayAvg, percentOf10Day + "%", (if percentOf10Day >= UnusualVolumePercent then Color.GREEN else if percentOf10Day >= 100 then Color.ORANGE else Color.WHITE) );

AddLabel(Show10BarAvg, "Avg 10 Bars: " + Round(avg10Bars, 0), Color.LIGHT_GRAY);

AddLabel(ShowCurrentBar, "Cur Bar: " + curVolume, (if percentOf10Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf10Bar >= 100 then Color.ORANGE else Color.LIGHT_GRAY));

AddLabel(ShowPercentOf10BarAvg, PercentOf10Bar + "%", (if PercentOf10Bar >= UnusualVolumePercent then Color.GREEN else if PercentOf10Bar >= 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));
 
Last edited by a moderator:
@Mordoor You can remove decimal points be using the Round() function in your AddLabel() calls using the method below... If editing the code yourself is too difficult we can help, but give it a try first... It sounds like you've been using Thinkorswim long enough to become self-sufficient...

Ruby: 
 . . . . Round(volLast10DayAvg, 0) . . . .
 
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