Indicators that show areas of absorption?

[Bear.22]

Hey Guys,

I am looking to see if there are any TOS indicators and/or studies that peg likely areas of absorption.

Thanks for any suggestions!

Cheers,
G

 

[rewardiaz]

Hi, check this new indicator.

Thread 'Volume & Price Analysis: VIP POV updated' https://usethinkscript.com/threads/volume-price-analysis-vip-pov-updated.21462/

 

[Bear.22]

Hi, check this new indicator.

Thread 'Volume & Price Analysis: VIP POV updated' https://usethinkscript.com/threads/volume-price-analysis-vip-pov-updated.21462/

I'll give it a look, thanks!

 

[useThinkScript]

Absorption highlights areas with large orders traded over short time periods, where orders cancel each other out; as seen in order flow:

Sadly no. Order flow footprint charts are not available inside ToS custom charts

ThinkOrSwim provides access to Bookmap separately:

If you are asking, can the concept of Absorption be applied to the ToS volume indicator, where actual large volume spikes (not orders) occur during price consolidations?

There are some forum indicators that make the attempt:
https://usethinkscript.com/threads/next-gen-volume-momentum-oscillator-for-thinkorswim.20983/
https://usethinkscript.com/threads/pvt-price-volume-trend-indicator-for-thinkorswim.19105/
and as @rewardiaz mentioned the VIP PVT indicator:
https://usethinkscript.com/threads/volume-price-analysis-vip-pov-updated.21462/

Here you will find more of a discussion:
https://usethinkscript.com/threads/poc-indicator-with-a-twist.11714/

@Bear.22

 

[Bear.22]

Absorption highlights areas with large orders traded over short time periods, where orders cancel each other out; as seen in order flow:

Sadly no. Order flow footprint charts are not available inside ToS custom charts

ThinkOrSwim provides access to Bookmap separately:

If you are asking, can the concept of Absorption be applied to the ToS volume indicator, where actual large volume spikes (not orders) occur during price consolidations?

There are some forum indicators that make the attempt:
https://usethinkscript.com/threads/next-gen-volume-momentum-oscillator-for-thinkorswim.20983/
https://usethinkscript.com/threads/pvt-price-volume-trend-indicator-for-thinkorswim.19105/
and as @rewardiaz mentioned the VIP PVT indicator:
https://usethinkscript.com/threads/volume-price-analysis-vip-pov-updated.21462/

Here you will find more of a discussion:
https://usethinkscript.com/threads/poc-indicator-with-a-twist.11714/

@Bear.22

I have the Bookmap subscription via TOS and I find it useful. However, it's really Bookmap Lite as it doesn't have nearly the same amount of features via Bookmap versions Global or Global+. So, no iceberg detection in the TOS version. I will say that the DX feed (via TOS) is decent and I've compared it to Rithmic in real time and they match up very well.

I'll look into these other links and thanks for all!