Options Volume Histogram Study

Fedegrosso

New member
Hi,

Is there a already built in study in TOS where in the lower panel you can see a histogram of daily options activity?

Something like this:

UeynEkG.png
 
Last edited by a moderator:
Ha - you are following the good Doctor on twitter as well. His thinkscript charts are great - I love how clean they are.

I have been working on a version of this, and am getting closer. I will share as soon as I make some progress.

In the meantime, there are others on this site curious as well. Check out:

Simple Options Volume Indicator
and
Option Volume / Open Interest Indicator

I can't seem to get the SPX data to pull lately, and some of the thinkscript code (GetATMOption) doesn't seem to work as intended. But getting closer....
 

codydog

Active member
tos' options data can be quirky, I have trouble with amzn and a few other names.

The doc you pulled those charts from has some good insights but because of the constant nagging about sharing his work, he is stopping the shares now
 
Yeah - he likes to keep a sense of mystery about those charts. I never reply, as I can see that it frustrates him. Not surprised to see that he has stopped sharing. He's still a great follow, as he has some innovative ideas and shows what can be done on thinkscript.
 

codydog

Active member
i agree 200% with you, but find it odd that tos, who wants to forward leaning in options, isnt rolling out stuff like what he does and very limited interest in tos' thinkscript room on stuff like this.

Not being negative on anyone, just disappointed.
 

HumanSuit

New member
I have that study but mine stopped working today. Does anyone have one that is working. I can post code here if you like to see what happened and if there is a fix
 
https://tos.mx/qd6mQHN

Here you go. I have the call and put set up at the bottom of my /ES chart. It works. Just change the dates as needed
This is great, but do you know if there is a way to filter calls at the bid to the put side and put at the bid to the call side? Or do those even count as calls or puts in the histogram?

Also, do calls at the bid usually indicate a covered call so it's still bullish and the same for puts at the bid? In your experience? Sorry for the curveball question. Thank you for sharing your indicator.
 

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top