Options Vol/Open Interest For ThinkOrSwim

[iselloptions]

to be more specific i want to see options where the volume is greater then the open interest and i thought the best way would be to scan for volume divided by open interest ratio and want a minimum of 1.0 or 2.0

 

[iselloptions]

like i dont want them serperate. i want them as a ratio or 1 greater then the other!

 

[rad14733]

@iselloptions Unfortunately the Option Hacker won't process the Option fields as custom study code...

 

[c0der]

As per image. I already saved the grid and workspace WITHOUT this study, but after clicking on the grid setup, this thing appears again, but only on /ES charts. Is there a way to permanently hide this?

Separately I got a very simple / silly question on AddLabel. Must it always be linked to a variable, because I simply want to add notes for myself that is not tied to any label?

"testing" on 2ⁿᵈ line doesn't work.

AddLabel(yes, Concat("A<30, Breakout>8", Round(0)), CreateColor(43, 152, 242));
AddLabel(yes, "testing", Color.BLUE)

Lastly, I inserted an ATR trailing stop but only the buy bubble is indicated, not sell bubble. how do I make both appear? This issue happens on my pivots too.

 

[MerryDay]

TOS Open Interest:
The Open Interest is the total number of options or futures contracts that are not closed on a particular day.

Simple text labels work fine for me:

The ATR trailing stop bubble is applied to where ever it is on the current candle

 

[sinistralleo]

I had that problem too.
I selected "overlay volume" and it removes the lower study. It is putting in the upper, but since there is nothing to show, there is nothing there. It saves that way also.
Hope that helps.

 

[c0der]

@MerryDay, my question wasn't "what is open interest". The problem is that OI wasn't added by me, and it keeps re-appearing no matter how many times I delete the study, and save my grid + workspace + styles + studies. I want to get rid of it permanently.

For the simple labels, I am unable to click OK even though there are no errors:

 

[MerryDay]

@c0der
If there is no script error, the most common reason for the ok button to be grayed out is if you have an unacceptable name for your study.

For future reference: Posting partial screen grabs makes for difficult troubleshooting.

 

[c0der]

I had that problem too.
I selected "overlay volume" and it removes the lower study. It is putting in the upper, but since there is nothing to show, there is nothing there. It saves that way also.
Hope that helps.

hmm I selected overlay volume but it still shows though:

@MerryDay you're right, it was the study name. will you have suggestions for the OI issue too?

 

[MerryDay]

@c0der Have you tried to unclick open interest in settings?

 

[c0der]

ah! I missed that setting. thank you so much!

 

[mnzzz]

Saw someone on twitter had made an indicator that plots option open interest per strike at their respective price levels on the chart (here are 2 pics of what I assume are 2 different versions) I was wondering if anyone here has the code for this? If anyone knows how to make this that would also be greatly appreciated.

 

[Topas]

I think its nothing but Volume Profile with different approach ... to get the job done plot volume profile on daily chart and compare, I think you would find the same values .....
they import higher aggregation period to daily to plot it .... so the interest range is spread out ... and showing all highest / lowest (accordingly) volume traded in that price range as interest ....

 

[iselloptions]

hey! love this! Can we scan for this? would be really nice to scan for options where volume is greater then open interest!?!

 

[RlyNotUrBroker]

Hello,

I was wondering if it was possible to create a script for a scan that would be able to return an increase in open interest. I assume it wouldn't be incredibly in depth as long as you could call on open interest, but I don't really know where to start. Any help would be appreciated!

Thanks

 

[MerryDay]

@iselloptions @RlyNotUrBroker The ToS Options Hacker Module doesn't allow the using of custom scripts to scan against options related data.
Your scan requests can't be scripted into the scanner.

 

[Noca Jones]

I have seen some custom columns for the option chain floating around. Was wondering if anyone has or knows if it possible to show if the volume is buying or selling on the chain as a column? Thanks in advance for any replies!

 

[MerryDay]

@Noca Jones Looks like no contributor has been able to help you.
Try a watchlist column as a work around:
https://usethinkscript.com/threads/...percent-for-thinkorswim.389/page-6#post-76660

 

[richy]

Saw someone on twitter had made an indicator that plots option open interest per strike at their respective price levels on the chart (here are 2 pics of what I assume are 2 different versions) I was wondering if anyone here has the code for this? If anyone knows how to make this that would also be greatly appreciated.

Did You Ever Find this indicator? Where on twitter can i find it?

 

[MerryDay]

@richy Read post#130 to for more information