Price Volume Anomoly by Anna Coulling for ThinkorSwim

[Afghan1]

Has anyone ever tried creating the script by infamous Anna coulling?

Simply put it utilizes capitulations and only spits out hidden buyers and sellers. few diff variables but when price action is tanking and big volume bar comes in to stop it (hidden buyer etc).

Have been hunting for this code for ages, it does exist have seen few guys at hedge fund use it. would love to know if anyone else has it. the overall objective of script would be to find hidden seller, it just reduces some eye strain from looking at tape.

http://prntscr.com/pm17vu

 

[Pahi]

@guga while I have not seen any prior studies regarding Anna Couling, I have optimized the logic based on your script using a bunch of boolean constructs. Hope this is helpful

input OpenTime = 0945;
input CloseTime = 1555;

def active = SecondsFromTime(OpenTime) >= 0 and SecondsTillTime(CloseTime) > 0;
def anomaly1 = active and sum(close > close[1], 5) >= 5 and volume > (volume[1] * 1.33);
def anomaly2 = active and sum(close < close[1], 5) >= 5 and volume > (volume[1] * 1.33);

plot H = if anomaly1 then high else Double.NaN;
plot L = if anomaly2 then low else Double.NaN;

H.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
H.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
H.SetDefaultColor(Color.CYAN);
L.SetDefaultColor(Color.YELLOW);
H.SetLineWeight(3);
L.SetLineWeight(3);

After added the script getting Red bubble top of Green candle and White bubble bottom of Red candle. Actually are they reversal signals to buy/Sell. How can I utilize these signals

 

[MerryDay]

Yeah added to my chart. I don't know the purpose of this indicator with red/white bubbles. for example RSI below 30 oversold above 70 over bought and based on that momentum sign we can make some decision. Here I can understand this script is for volume but not able to figure what information it is giving out of this alert with red/white and based on that what decision I can make out of it

This is not a strategy or buy / sell signals.
Red means a Price Volume Anomaly happened while the price of the last five candles was running higher and Volume is also running high.
White means the Price of the last five candles is running lower but volume is running higher.

You can google price volume divergences to better understand what this is signalling.
Here is a start: https://www.athrasher.com/is-the-divergence-in-volume-a-concern/

Recommend you put it on your chart. Nothing beats personal experience The only way you will know what works best for you is to play with the settings and see how the indicator line up w/ your strategy and with your other indicators. To determine if this indicator brings value, analyze it over different timeframes, across history and with multiple instruments.

 

[Pahi]

This is not a strategy or buy / sell signals.
Red means a Price Volume Anomaly happened while the price of the last five candles was running higher and Volume is also running high.
White means the Price of the last five candles is running lower but volume is running higher.

If these signals align with your strategy triggers it may be telling you something. No way of knowing until you watch for a while.
Might not align with your strategy at all.

Some of my strategies have little-to-no volume at time of entry so there is no alignment with this indicator.
One of my strategies seems to always have an anomaly candle at time of entry but not always.

This indicator can be placed on your charts and can provide additional detail to your own strategy signals.

Recommend you put it on your chart. Nothing beats personal experience The only way you will know what works best for you is to play with the settings and see how the indicator line up w/ your strategy and with your other indicators. To determine if this indicator brings value, analyze it over different timeframes, across history and with multiple instruments.

Okay Thanks for clear info on Red/White signals. in some one response saw it can be used as reversal indicator, that's why bit carried away.

Is this work in all lower timeframe or 5min and above.
Do you have any script for Long/Short to use in day trade

 

[MerryDay]

Okay Thanks for clear info on Red/White signals. in some one response saw it can be used as reversal indicator, that's why bit carried away.

Is this work in all lower timeframe or 5min and above.
Do you have any script for Long/Short to use in day trade

If you search the forum, you will find a plethora of day trading strategies.