ATR + Volume Spikes For ThinkOrSwim

[OGK]

The author states:
The Average True Range (ATR) indicator is a technical analysis tool that measures the volatility of an asset. It can be used to create a trading strategy by identifying periods of high volatility and making trades based on those conditions.

Here is an example of a simple ATR trading strategy:

Calculate the ATR for the asset you are trading. This can typically be done using a charting platform or software.

Identify the average ATR over a period of time (such as 14 days). This will be your "threshold" for determining high volatility.

When the current ATR is above the threshold, enter a long position (buy) in the asset.

When the current ATR is below the threshold, exit the long position (sell) and wait for the next period of high volatility.

Repeat the process for the next period of time.

This is a basic example of an ATR strategy and can be adjusted as per one's preference, you can add other indicators or market conditions to filter out trades and also use different time frame to check the ATR values. ATR can also be used in combination with other indicators and strategies to improve the accuracy of your trades.

Here is the original Tradingview code:
https://in.tradingview.com/script/h1Eek2pP-RAHUL-ATR-Volume-Spikes/

For the new ThinkOrSwim code, you must scroll down to the next post
@antwerks

 

[samer800]

I have been trying for the longest time to convert this to TOS and apparently something about array function (I have been using chatgpt, deepseek, gemini ) and no luck in getting it to look like the TV version. mine looks most like a regular ATR and does not have the same curvy trails like the TV version. I am praying to God that samer800 may have a solution

samer800 thanks in advance.​

TradingView Publication Link

check the below:

# // Indciator for TOS
#//@jayalekshmiaishu
#study(title="RAHUL ATR + Volume Spikes", overlay=true)
# Converted by Sam4Cok@Samer800    - 04/2025

input unusualVolumeBarColor = yes;
input atrPeriod = 20; #, "Period")
input atrMultiplier = 4.0; #, "Multiplier"
input Source = close; #, title="Source")
input movAvgLength = 20; #, minval=1, title="Smooth")
input VolumeSmaLength = 20; #, "Volume SMA length", minval=1)

def na = Double.NaN;
def last = IsNaN(close);

#vwma(source, length)
script VWMA {
input src = close;
input len = 14;
    def vol = volume/1000;
    def nom = Average(src * vol, len);
    def den = Average(vol, len);
    def VWMA = nom / den;
    Plot result = VWMA;
}

def atr = ATR(Length = atrPeriod);
def nLoss = atrMultiplier * atr;
def xATRTrailingStop = If(close > xATRTrailingStop[1] and close[1] > xATRTrailingStop[1], Max(xATRTrailingStop[1], close - nLoss), If(close < xATRTrailingStop[1] and close[1] < xATRTrailingStop[1], Min(xATRTrailingStop[1], close + nLoss), If(close > xATRTrailingStop[1], close - nLoss, close + nLoss)));

def pos = If(close[1] < xATRTrailingStop[1] and close > xATRTrailingStop[1], 1, If(close[1] > xATRTrailingStop[1] and close < xATRTrailingStop[1], -1, pos[1]));

def isLong;
def isShort;
def LONG = !isLong[1] and pos == 1;
def SHORT = !isShort[1] and pos == -1;

if LONG {
    isLong = yes;
    isShort = no;
} else if SHORT {
    isLong = no;
    isShort = yes;
} else {
    isLong = isLong[1];
    isShort = isShort[1];
}
def vol = volume / 1000;
def vwma = vwma(Source, movAvgLength);
def avg1 = (vwma + xATRTrailingStop) / 2;
def vol_avg = Average(vol, VolumeSmaLength);
def unusual_vol_down = unusualVolumeBarColor and vol > vol_avg * 1.2 and close < open;
def unusual_vol_up = unusualVolumeBarColor and vol > vol_avg * 1.2 and close > open;
def barHighlightColor = if unusual_vol_down then -1 else
                        if unusual_vol_up then 1 else 0;

#-- Plot
plot avgLine = if avg1 then avg1 else na;
avgLine.SetLineWeight(2);
avgLine.SetDefaultColor(Color.LIGHT_ORANGE);

#-- Signals
AddChartBubble(SHORT, high, "S", Color.RED);
AddChartBubble(LONG, low, "B", Color.GREEN, no);

#-- Bar Color
AssignPriceColor(if barHighlightColor > 0 then Color.CYAN else
                 if barHighlightColor < 0 then Color.MAGENTA else Color.CURRENT);


#-- END of CODE

 

[OGK]

Thank you so much

 

[TechGuy]

check the below:

# // Indciator for TOS
#//@jayalekshmiaishu
#study(title="RAHUL ATR + Volume Spikes", overlay=true)
# Converted by Sam4Cok@Samer800    - 04/2025

input unusualVolumeBarColor = yes;
input atrPeriod = 20; #, "Period")
input atrMultiplier = 4.0; #, "Multiplier"
input Source = close; #, title="Source")
input movAvgLength = 20; #, minval=1, title="Smooth")
input VolumeSmaLength = 20; #, "Volume SMA length", minval=1)

def na = Double.NaN;
def last = IsNaN(close);

#vwma(source, length)
script VWMA {
input src = close;
input len = 14;
    def vol = volume/1000;
    def nom = Average(src * vol, len);
    def den = Average(vol, len);
    def VWMA = nom / den;
    Plot result = VWMA;
}

def atr = ATR(Length = atrPeriod);
def nLoss = atrMultiplier * atr;
def xATRTrailingStop = If(close > xATRTrailingStop[1] and close[1] > xATRTrailingStop[1], Max(xATRTrailingStop[1], close - nLoss), If(close < xATRTrailingStop[1] and close[1] < xATRTrailingStop[1], Min(xATRTrailingStop[1], close + nLoss), If(close > xATRTrailingStop[1], close - nLoss, close + nLoss)));

def pos = If(close[1] < xATRTrailingStop[1] and close > xATRTrailingStop[1], 1, If(close[1] > xATRTrailingStop[1] and close < xATRTrailingStop[1], -1, pos[1]));

def isLong;
def isShort;
def LONG = !isLong[1] and pos == 1;
def SHORT = !isShort[1] and pos == -1;

if LONG {
    isLong = yes;
    isShort = no;
} else if SHORT {
    isLong = no;
    isShort = yes;
} else {
    isLong = isLong[1];
    isShort = isShort[1];
}
def vol = volume / 1000;
def vwma = vwma(Source, movAvgLength);
def avg1 = (vwma + xATRTrailingStop) / 2;
def vol_avg = Average(vol, VolumeSmaLength);
def unusual_vol_down = unusualVolumeBarColor and vol > vol_avg * 1.2 and close < open;
def unusual_vol_up = unusualVolumeBarColor and vol > vol_avg * 1.2 and close > open;
def barHighlightColor = if unusual_vol_down then -1 else
                        if unusual_vol_up then 1 else 0;

#-- Plot
plot avgLine = if avg1 then avg1 else na;
avgLine.SetLineWeight(2);
avgLine.SetDefaultColor(Color.LIGHT_ORANGE);

#-- Signals
AddChartBubble(SHORT, high, "S", Color.RED);
AddChartBubble(LONG, low, "B", Color.GREEN, no);

#-- Bar Color
AssignPriceColor(if barHighlightColor > 0 then Color.CYAN else
                 if barHighlightColor < 0 then Color.MAGENTA else Color.CURRENT);


#-- END of CODE

Thanks again Samer. I put in your coding and used it for several stocks. I didn't see any signals just the line. Where in the chart do the signals show up?

 

[useThinkScript]

Thanks again Samer. I put in your coding and used it for several stocks. I didn't see any signals just the line. Where in the chart do the signals show up?

This study signals when ATR crosses above/below its threshold on the recommended 15min timeframe
Here are several charts that had signals today:
shared grid link: http://tos.mx/!7MQ2ev9x

As the OP recommends using on a 15min chart. It is advised to first become familiar with this study on that aggregation. Because of the noise found on lower timeframes; trend indicators may provide sub-optimal or no results on lower aggregations.

 

[TechGuy]

This study signals when ATR crosses above/below its threshold on the recommended 15min timeframe
Here are several charts that had signals today:
shared grid link: http://tos.mx/!7MQ2ev9x

As the OP recommends using on a 15min chart. It is advised to first become familiar with this study on that aggregation. Because of the noise found on lower timeframes; trend indicators may provide sub-optimal or no results on lower aggregations.

Thanks. I appreciate your fast and excellent response. Charts were helpful to show how the scan works and timeframe suggested.