Anybody know how to create a bar counter on ToS? I want something that I can count from a specific bar to another specific bar.
declare upper; def GreenCandle = Close>Open; def RedCandle = Close<Open; def GreenCount = TOTALSUM(GreenCandle); def RedCount = TOTALSUM(RedCandle); AddLabel(yes, "GreenCandle: " + GreenCount, color.GREEN); AddLabel(yes, "RedCandle: " + RedCount, color.RED);
declare upper; def GreenCandle = Close>Open; def RedCandle = Close<Open; def GreenCount = SUM(GreenCandle,200); def RedCount = SUM(RedCandle,200); AddLabel(yes, "GreenCandle: " + GreenCount, color.GREEN); AddLabel(yes, "RedCandle: " + RedCount, color.RED);
i did something like that for someone on here a few days ago. its in this post https://usethinkscript.com/threads/opening-volume-vs-30d-average-volume.4973/page-2@rad14733 I understand price is king but volume helps support and confirm the price action. My thinking wasn't necessarily wanting to see what an average volume is for a particular # of days but more of what's happening during today and that the first hour of trading is usually the heaviest volume of the day. Sometimes you see a spike later on and thought that if I can scan for stocks that has volume that is equal to or greater than the average first hour of the trading day, I may be able to see the stocks where interest is coming back. I was just curious to see if it's a viable concept. The scanner only lets you choose average volume that is greater than # of bars ago. I thought using an average of that time period would be better than randomly choosing a bar that may or may not have adequate representation of the traffic that's showing up in the morning. I'll figure it out at some point.
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