Favorite Volume Indicators In ThinkOrSwim

[SandyCheeks]

What are your favorite volume-driven indicators that you like to use?

 

[MerryDay]

My Favorite Volume Indicators:
The majority of the indicators on my charts are related to volume. Volume moves price.
While my exact indicators are only available on the VIP forum and VIP discord;
the below indicators are similar.

I make sure that when choosing scripts, that each is presenting a different view / aspect of volume.
Because collinear indicators provide no added value.

1. Buying Selling Volume Pressure Indicator
https://usethinkscript.com/search/1286906/?q=buysellpressure&t=post&c[title_only]=1&o=replies&g=1
VIP version: https://usethinkscript.com/threads/volume-tape-reader.16118/

2. Volume Price Analysis
https://usethinkscript.com/search/1286910/?q=vpa&t=post&c[title_only]=1&o=replies&g=1
VIP version: https://usethinkscript.com/threads/market-phase-vsa-candle-painting-indicator-for-thinkorswim.9275/

3. Relative Volume Spike
https://usethinkscript.com/search/1...]=1&c[nodes][0]=3&c[nodes][1]=5&o=replies&g=1
VIP version is merged into the VIP Volume Profile linked below.

4. Volume Stats and Labels
https://usethinkscript.com/threads/volume-stats-format-watchlist-scan-label-for-thinkorswim.970/
VIP version is merged into the VIP Volume Profile linked below.

5. the ToS Volume Profile
VIP version: https://usethinkscript.com/threads/volume-price-trends.16117/

6. Anything and everything created by @Jman831
https://usethinkscript.com/search/1286903/?q=jman&t=post&c[title_only]=1&o=replies&g=1

7. Anything and everything created by @Welkin
https://usethinkscript.com/search/1286915/?q=Welkin&t=post&c[title_only]=1&o=replies&g=1

There are no trend indicators or oscillators in the above list or any other lagging indicators. My only interest is in what the current dynamic volume is doing.

There are no magic "buy now" indicators in the list. These indicators tell me:
"psssst. volume is doing something". You can't be sure what the current volume is telling you because the ToS data feeds do not tell you if the volume is buying or selling. But when combined with a good basic strategy:
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/ it gives strength and confirmation to my analysis.

AND whether swinger, day trader, or scalper, it needs to be reviewed over your 3 timeframes:
https://usethinkscript.com/threads/...ay-trading-for-thinkorswim.12209/#post-104699

 

[iMauiC]

I’m with @MerryDay on this. A great way to see how price moves is the volume activity.

The volume buying/selling pressure indicator paired with a volume profile is a pretty amazing pair.
You can gauge who’s in control at the point of control levels on the volume profile.