Find Supply/Demand Divergence w $ADSPD and $TICK For ThinkOrSwim

John Thanos

New member
Hi Everyone came across this video that was very interesting. Wondering if anyone could give it a shot to clean this up or make it better. Below is the code. Credit to the owner of this video. Thanks
Ruby:
#TOS Indicators
#Home of the Volatility Box
#More info regarding this indicator here: tosindicators.com/supply-demand-edge
#Code written in 2019
#Credit to Ron Wikso for catching $TICK copy/paste error on lines 18 & 19
#Credit to Brent Wilderman for adding code that enables study to work w/ extended hours on and off


declare upper;
declare hide_on_daily;

input showTicks = yes;
input showAD = yes;

def regularSession = secondsFromTime(0930) > 0 && secondsTillTime(1600) > 0;

def hod = if regularSession then if (high > hod[1]) then high else hod[1] else high;
def lod = if regularSession then if (low < lod[1]) then low else lod[1] else low;

def highAD = if regularSession then if (high(symbol="$ADSPD") > highAD[1]) then high(symbol="$ADSPD") else highAD[1] else high(symbol="$ADSPD");
def lowAD = if regularSession then if (low(symbol="$ADSPD") < lowAD[1]) then low(symbol="$ADSPD") else lowAD[1] else low(symbol="$ADSPD");

def highTick = if regularSession then if (high(symbol="$TICK") > highTick[1]) then high(symbol="$TICK") else highTick[1] else high(symbol="$TICK");
def lowTick = if regularSession then if (low(symbol="$TICK") < lowTick[1]) then low(symbol="$TICK") else lowTick[1] else low(symbol="$TICK");

def currentHighAD = high(symbol="$ADSPD");
def currentLowAD = low(symbol="$ADSPD");
def currentHighTick = high(symbol="$TICK");
def currentLowTick = low(symbol="$TICK");

plot ADShortSignal = showAD && high == hod && currentHighAD < highAD;
ADShortSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
ADShortSignal.SetDefaultColor(Color.WHITE);
ADShortSignal.SetLineWeight(1);

plot ADLongSignal = showAD && low == lod && currentLowAD > LowAD;
ADLongSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
ADLongSignal.SetDefaultColor(Color.WHITE);
ADLongSignal.SetLineWeight(1);

plot TickShortSignal = showTicks && high == hod && currentHighTick < highTick;
TickShortSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
TickShortSignal.SetDefaultColor(Color.RED);
TickShortSignal.SetLineWeight(2);

plot TickLongSignal = showTicks && low == lod && currentLowTick > lowTick;
TickLongSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
TickLongSignal.SetDefaultColor(Color.LIGHT_GREEN);
TickLongSignal.SetLineWeight(2);
 
Last edited by a moderator:

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
is there a way to scan for $aspd divergence to SPY LONG AND SHORT ?
if you are asking how to scan for the Long and Short Signals in the above script:
  1. copy&paste the above script into a study and name it
  2. go to Scan Hacker, type in the name of your study
  3. choose AdShortSignal true or ADLongSignal is true
 

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