Critical Volume Bars for ThinkorSwim

BenTen

Administrative
Staff member
Staff
VIP
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Hello, this indicator looks for bars with significant average median volume, but only bars with an average median volume greater than 62% of the maximum detected in 89 previous bars will be painted, the detection of this event indicates a relevant supply and demand zone, which can be used as support / resistance, is a good tool for negotiation with price action, greetings

5qe5dBq.png


thinkScript Code (With Lower Study and Paint Bars)

Code:
# CRITICAL VOLUME X
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/KT6klFAT-CRITICAL-VOLUME-X/

declare lower;

def volmax = highest(volume, 89);
def vol = volume * 100 / volmax * 4 / 5;
def volpmed = expAverage(vol, 21);
def hvpm = vol - volpmed;
def niv_crit = highest(hvpm, 89) * 0.618;

def x = hvpm > 0 and hvpm >= niv_crit;

assignPriceColor(if x then color.white else color.current);

plot histogram = hvpm;
histogram.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
histogram.assignValueColor(if hvpm > 0 and hvpm<niv_crit then color.blue else if hvpm > 0 and hvpm >= niv_crit then color.red else color.white);

thinkScript Code (Without the Lower Study. Only Paint Bars)

Code:
# CRITICAL VOLUME X
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/KT6klFAT-CRITICAL-VOLUME-X/

def volmax = highest(volume, 89);
def vol = volume * 100 / volmax * 4 / 5;
def volpmed = expAverage(vol, 21);
def hvpm = vol - volpmed;
def niv_crit = highest(hvpm, 89) * 0.618;

def x = hvpm > 0 and hvpm >= niv_crit;

assignPriceColor(if x then color.white else color.current);
 

8Nick8

Active member
2019 Donor
VIP
@BenTen may i know if this can be convert to a scan? I tried to configure but it does not allow me to tell the scanner to find the candle with that critical volume. Seek your advice or anyone who can help. Thank you
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@Nick Add this to your script then scan for the arrow. @Oxford896 If you just want arrows, add the code below to your script as well and you can remove the assignPriceColor(if x then color.white else color.current); line.

Code:
# Plot Arrow
plot arrow = x;
arrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
arrow.SetDefaultColor(Color.CYAN);
arrow.SetLineWeight(1);
 

bronco33

New member
5qe5dBq.png


thinkScript Code (With Lower Study and Paint Bars)

Code:
# CRITICAL VOLUME X
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/KT6klFAT-CRITICAL-VOLUME-X/

declare lower;

def volmax = highest(volume, 89);
def vol = volume * 100 / volmax * 4 / 5;
def volpmed = expAverage(vol, 21);
def hvpm = vol - volpmed;
def niv_crit = highest(hvpm, 89) * 0.618;

def x = hvpm > 0 and hvpm >= niv_crit;

assignPriceColor(if x then color.white else color.current);

plot histogram = hvpm;
histogram.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
histogram.assignValueColor(if hvpm > 0 and hvpm<niv_crit then color.blue else if hvpm > 0 and hvpm >= niv_crit then color.red else color.white);

thinkScript Code (Without the Lower Study. Only Paint Bars)

Code:
# CRITICAL VOLUME X
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/KT6klFAT-CRITICAL-VOLUME-X/

def volmax = highest(volume, 89);
def vol = volume * 100 / volmax * 4 / 5;
def volpmed = expAverage(vol, 21);
def hvpm = vol - volpmed;
def niv_crit = highest(hvpm, 89) * 0.618;

def x = hvpm > 0 and hvpm >= niv_crit;

assignPriceColor(if x then color.white else color.current);
Anyone know how to add horizontal (red/green) clouds to these high volume bars?
 

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
Anyone know how to add horizontal (red/green) clouds to these high volume bars?
The ToS platform requires definitions of the variables that would trigger the clouds and colors.
What are your variable definitions?
 

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