real-time volume indicator - can we use part of it to make zigzag real time?

H

hautetoddy

New member
the zigzag indicator showing volume and showing ticks are good, but would be great if they are real time like the below volume indicator.

1st indicator is real time - 2nd two indicators are not real time and could utilize real time functionality from the first one???

i'm a good trader, but not coder. any chance to help integrate and use the best of both?

please? thank you so much


1) volume indicator - real time - shows relative percent buy/sell - amazingly helpful...
https://usethinkscript.com/threads/advanced-volume-indicator-for-thinkorswim.1665/
plot Data = close;
#Advanced Volume Study
#[email protected]
#v5.15.2020
declare on_volume;
input ShowVolumeAsCandlesticks = no;
input ShowBuySellStrengthOnVolumeBars = no;
input ShowBuySellStrength2ndAgg = no;
input AvgDayVolLength = 5;
input AvgVolLength = 20;
input ShowDayVolLabel = yes;
input ShowBarVolLabel = yes;
input ShowEthTotalVol = no;
input ShowBuySellStrength = yes;
input BuySellStrAgg2 = AggregationPeriod.THIRTY_MIN;
def BuySellStrAggregation2 = if GetAggregationPeriod() < BuySellStrAgg2 then BuySellStrAgg2 else GetAggregationPeriod();

input VolAverageType = AverageType.SIMPLE;
#if ShowBuySellStrengthOnVolumeBars is toggled on then the following volume bar paint options will not show, only the VolSignal Triangle set at the top of the bars will be painting according to volume average levels.
input PaintAboveAvgVolBars = yes;
input PaintAccordingToRelPrevVol = yes;
input RelativetoPrevVolTolerance = 1.25; #if volume is 1.25x greater than previous bar it will paint even if it is still below the average/sigma2/sigma3
input PaintBelowAvgVol = yes;
input PaintPriceAsVol = no;
input ShowVerticalTickLines = yes;
def ShowVertLines = if ShowVerticalTickLines and GetAggregationPeriod() < AggregationPeriod.DAY then 1 else 0;
input TickLevel = 1000;
input ShowTickLabel = yes;


def NA = Double.NaN;
def PriceRange = high - low;
def TopShadowRange = if open >= close then high - open else high - close;
def BottomShadowRange = if open <= close then open - low else close - low;
def BodyRange = PriceRange - (TopShadowRange + BottomShadowRange);
def VolumeTopShadowValue = (1 - (TopShadowRange / PriceRange)) * volume;
def VolumeBottomShadowValue = ((BottomShadowRange / PriceRange) * volume);
def BodyRangeVolValue = ((BodyRange + BottomShadowRange) / PriceRange) * volume;
#def DayVolAgg = if GetAggregationPeriod() < AggregationPeriod.DAY then AggregationPeriod.DAY else if GetAggregationPeriod() >= AggregationPeriod.DAY then AggregationPeriod.WEEK else GetAggregationPeriod();
def DayVolAgg = if GetAggregationPeriod() < AggregationPeriod.DAY then AggregationPeriod.DAY else GetAggregationPeriod();
def DayVol = volume("period" = DayVolAgg);
def AvgDayVol = Average(DayVol, AvgDayVolLength);
def Start = 0930;
def End = 1600;
def conf = SecondsFromTime(Start) >= 0 and SecondsFromTime(End) <= 0;

plot VolColor = NA;
VolColor.DefineColor("Bullish", Color.GREEN);
VolColor.DefineColor("Bearish", Color.RED);
VolColor.DefineColor("VolAvg", CreateColor(0, 100, 200));
VolColor.DefineColor("VolSigma2", Color.DARK_ORANGE);
VolColor.DefineColor("VolSigma3", Color.MAGENTA);
VolColor.DefineColor("Relative to Prev", Color.YELLOW);
VolColor.DefineColor("Below Average", Color.GRAY);
VolColor.DefineColor("ETH TVOL", Color.GRAY);
#Current Candle Buy and Sell Strength
def BuyStr = ((close - low) / PriceRange) * 100;
def SellStr = ((high - close) / PriceRange) * 100;

def BuyStr2 = ((close("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2)) / (high("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2))) * 100;
def SellStr2 = ((high("period" = BuySellStrAggregation2) - close("period" = BuySellStrAggregation2)) / (high("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2))) * 100;

plot BuyVol = if ShowBuySellStrengthOnVolumeBars then (BuyStr/100)*volume else NA;
def SellVol = (SellStr/100)*volume;
def BuyVol2 = (BuyStr2/100)*volume("period" = BuySellStrAggregation2);
def SellVol2 = (SellStr2/100)*volume("period" = BuySellStrAggregation2);
AddCloud(if ShowBuySellStrength2ndAgg then BuyVol2 else NA, 0, VolColor.Color("Bullish"), VolColor.Color("Bullish"), yes);
AddCloud(if ShowBuySellStrength2ndAgg then volume("period" = BuySellStrAggregation2) else NA, BuyVol2, VolColor.Color("Bearish"), VolColor.Color("Bearish"), yes);

BuyVol.SetDefaultColor(VolColor.Color("Bullish"));
BuyVol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
#BuyVol2.SetDefaultColor(Color.GREEN);
#BuyVol2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
#SellVol2.SetDefaultColor(Color.GREEN);
#SellVol2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

plot Vol = volume;
plot VolumeBottom = if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then NA else VolumeBottomShadowValue;
plot VolumeBody = if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then NA else BodyRangeVolValue;

VolumeBottom.HideTitle();
VolumeBody.HideTitle();

plot VolAvg = MovingAverage(VolAverageType, volume, AvgVolLength);

#2Sigma and 3Sigma Vol Filter
def Num_Dev1 = 2.0;
def Num_Dev2 = 3.0;
def averageType = AverageType.SIMPLE;
def sDev = StDev(data = Vol, length = AvgVolLength);

plot VolSigma2 = VolAvg + Num_Dev1 * sDev;
plot VolSigma3 = VolAvg + Num_Dev2 * sDev;


def RelDayVol = DayVol / AvgDayVol;
def RelPrevDayVol = DayVol / volume("period" = DayVolAgg)[1];
#Daily aggregation volume labels
AddLabel(if GetAggregationPeriod() >= AggregationPeriod.DAY then 0 else if ShowDayVolLabel then 1 else 0, "DayVol: " + DayVol + " / " + Round(RelDayVol, 2) + "x Avg(" + AvgDayVolLength + ") / " + Round(RelPrevDayVol, 2) + "x Prev", if DayVol > AvgDayVol then VolColor.Color("VolAvg") else VolColor.Color("Below Average"));

def RelVol = Vol / VolAvg;
def RelPrevVol = volume / volume[1];

#Triangle Vol Signal
plot VolSignal = if Vol > VolSigma3 then volume else if Vol > VolSigma2 then volume else if Vol > VolAvg then volume else if RelPrevVol >= RelativetoPrevVolTolerance then volume else NA;

#current aggregation's volume labels
AddLabel(ShowBarVolLabel, "Vol: " + volume + " / " + Round(RelVol, 2) + "x Avg(" + AvgVolLength + ") / " + Round(RelPrevVol, 2) + "x Prev", if Vol > VolSigma3 then VolColor.Color("VolSigma3") else if Vol > VolSigma2 then VolColor.Color("VolSigma2") else if Vol > VolAvg then VolColor.Color("VolAvg") else VolColor.Color("Below Average"));

#ETH Total Vol Label
def ETH_VOL = if !conf and conf[1] then volume else if !conf then CompoundValue(1, ETH_VOL[1] + volume, volume) else ETH_VOL[1];

AddLabel(if !ShowEthTotalVol then 0 else if GetAggregationPeriod() >= AggregationPeriod.DAY then 0 else 1, "ETH TVOL: " + ETH_VOL, VolColor.Color("ETH TVOL"));

#$TICK Vertical Lines
def tickc = close("$TICK");
def tickh = high("$TICK");
def tickl = low("$TICK");

AddVerticalLine(if ShowVertLines and (tickh > TickLevel) or ShowVertLines and (tickl < -TickLevel) then 1 else 0, if (tickh > TickLevel) then tickh else if (tickl < -TickLevel) then tickl else Double.NaN, Color.WHITE);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#current candle Buy/Sell strength labels
AddLabel(if ShowBuySellStrength then 1 else 0, " ", Color.GREEN);
AddLabel(if ShowBuySellStrength then 1 else 0, "1", Color.RED);
AddLabel(if ShowBuySellStrength then 1 else 0, "Sell " + Round(SellStr, 2) + "%", if SellStr > BuyStr then Color.RED else Color.BLACK);
AddLabel(if ShowBuySellStrength then 1 else 0, "Buy " + Round(BuyStr, 2) + "%", if BuyStr > SellStr then Color.GREEN else Color.BLACK);

VolumeBottom.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
VolumeBottom.AssignValueColor(Color.BLACK);
VolumeBody.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);

VolumeBody.AssignValueColor(if PaintAboveAvgVolBars and Vol > VolSigma3 then VolColor.Color("VolSigma3") else if PaintAboveAvgVolBars and Vol > VolSigma2 then VolColor.Color("VolSigma2") else if PaintAboveAvgVolBars and Vol > VolAvg then VolColor.Color("VolAvg") else if PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintBelowAvgVol and Vol < VolAvg then VolColor.Color("Below Average") else if close > open then VolColor.Color("Bullish") else VolColor.Color("Bearish"));
#VolumeTop.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
#VolumeTop.AssignValueColor(if close > open then Color.Black else Color.Black);

VolAvg.SetDefaultColor(VolColor.Color("VolAvg"));
VolSigma2.SetDefaultColor(VolColor.Color("VolSigma2"));


Vol.SetPaintingStrategy(if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then PaintingStrategy.SQUARED_HISTOGRAM else PaintingStrategy.HISTOGRAM);

Vol.SetLineWeight(1);
Vol.AssignValueColor(if ShowBuySellStrengthOnVolumeBars then VolColor.Color("Bearish") else if PaintAboveAvgVolBars and volume > VolSigma3 then VolColor.Color("VolSigma3") else if PaintAboveAvgVolBars and volume > VolSigma2 then VolColor.Color("VolSigma2") else if PaintAboveAvgVolBars and volume > VolAvg then VolColor.Color("VolAvg") else if PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintBelowAvgVol and volume < VolAvg then VolColor.Color("Below Average") else if close > open then VolColor.Color("Bullish") else VolColor.Color("Bearish"));

AssignPriceColor(if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolSigma3 then VolColor.Color("VolSigma3") else if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolSigma2 then VolColor.Color("VolSigma2") else if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolAvg then VolColor.Color("VolAvg") else if PaintPriceAsVol and PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintPriceAsVol and PaintBelowAvgVol and volume < VolAvg then VolColor.Color("Below Average") else Color.CURRENT);

VolSignal.AssignValueColor(if Vol > VolSigma3 then VolColor.Color("VolSigma3") else if Vol > VolSigma2 then VolColor.Color("VolSigma2") else if Vol > VolAvg then VolColor.Color("VolAvg") else if RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else VolColor.Color("Below Average"));
VolSignal.SetPaintingStrategy(PaintingStrategy.TRIANGLES);
VolAvg.SetLineWeight(2);
VolSignal.SetLineWeight(1);

-------

2) zigzag indicator that is not real time...

plot Data = close;# ZigZag High Low Stats
# tomsk
# 11.16.2019

# V1.0 - 11.16.2019 - tomsk - Initial release of ZigZag High Low Stats

# Extracted idea from RDMercer's post #369 of a variant of a massive
# Zig Zag High Low Supply Demand study that comprises many different
# components
#
# https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369
#
# I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in this study called Zig Zag High
# Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points
#
# Label for Confirmed/Unconfirmed Status of Current Zigzag
# Price Change between Zigzags
# Price at Zigzag High/Low
# Bar Count between Zigzags
# Volume at Zigzag Reversals

input showBubblesChange = no; # Price Change between Zigzags
input showBubblesPrice = no; # Price at Zigzag High/Low
input showBubblesBarCount = no; # Bar Count between Zigzags
input showBubblesVolume = no; # Volume at Zigzag Reversals

input BubbleOffset = .0005;
input PercentAmount = .01;
input RevAmount = .05;
input ATRreversal = 3.0;
input ATRlength = 5;

def zz = ZigZagHighLow("price h" = high, "price l" = low, "percentage reversal" = PercentAmount,
"absolute reversal" = RevAmount, "atr length" = ATRlength, "atr reversal" = ATRreversal);

def ReversalAmount = if (close * PercentAmount / 100) > Max(RevAmount < ATRreversal * reference ATR(ATRlength), RevAmount)
then (close * PercentAmount / 100)
else if RevAmount < ATRreversal * reference ATR(ATRlength)
then ATRreversal * reference ATR(ATRlength)
else RevAmount;
# Zig Zag Specific Data

def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1);
def chg = (if zzSave == high then high else low) - GetValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= ReversalAmount or (IsNaN(GetValue(zz, 1)) and GetValue(isConf, 1));

# Price Change Specific Data

def xxHigh = if zzSave == high then high else xxHigh[1];
def chgHigh = high - xxHigh[1];
def xxLow = if zzSave == low then low else xxLow[1];
def chgLow = low - xxLow[1];

# Bar Count Specific Data

def zzCount = if zzSave[1] != zzSave then 1 else if zzSave[1] == zzSave then zzCount[1] + 1 else 0;
def zzCountHiLo = if zzCountHiLo[1] == 0 and (zzSave == high or zzSave == low) then 1
else if zzSave == high or zzSave == low then zzCountHiLo[1] + 1
else zzCountHiLo[1];
def zzHiLo = if zzSave == high or zzSave == low then zzCountHiLo else zzCountHiLo + 1;
def zzCountHigh = if zzSave == high then zzCount[1] else Double.NaN;
def zzCountLow = if zzSave == low then zzCount[1] else Double.NaN;

# Volume Specific Data

def vol = if BarNumber() == 0 then 0 else volume + vol[1];
def vol1 = if BarNumber() == 1 then volume else vol1[1];
def xxVol = if zzSave == high or zzSave == low then TotalSum(volume) else xxVol[1];
def chgVol = if xxvol - xxVol[1] + vol1 == vol then vol else xxVol - xxVol[1];

# Zigzag Status Label

#AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + " ATRrev " + Round(reference ATR(ATRlength) * ATRreversal, 2) + " RevAmt " + Round(ReversalAmount, 2), if !isConf then Color.Dark_Orange else if isUp then Color.Green else Color.Red);

# Zig Zag Plot

plot zzp = if isUp <= 1 then zz else Double.NaN;
zzp.AssignValueColor(if isUp then Color.DARK_ORANGE else if !isUp then Color.DARK_ORANGE else Color.Dark_Orange);
zzp.SetStyle(Curve.FIRM);
zzp.EnableApproximation();
zzp.HideBubble();

# Bubbles

# Price Change between Zigzags

AddChartBubble(showBubblesChange and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), "$" + Round(chg, 2), if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, isUp);

# Price at Zigzag High/Low

AddChartBubble(showBubblesPrice and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if isUp then "$" + high else "$" + low, if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, isUp);

# Bar Count between Zigzags

AddChartBubble(showBubblesBarCount and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if zzSave == high then zzCountHigh else zzCountLow, if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, if isUp then yes else no);

# Volume at Zigzag Reversals

AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + bubbleoffset) else low * (1 - bubbleoffset), chgVol, if isUp and chghigh > 0 then Color.DARK_ORANGE else if isUp and chghigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chglow > 0 then Color.DARK_ORANGE else if !isUp and chglow < 0 then Color.DARK_ORANGE else Color.Yellow, if isUp then yes else no);

# End ZigZag High Low Stats

-------

3) other zigzag indicator that is not real time...

#hautetoddy shareable
input price = close;
input reversalAmount = 1.0;
input showBubbles = no;
input showLabel = no;

assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount);

plot "ZZ$" = reference ZigZagHighLow(price, price, 0, reversalAmount, 1, 0);

def zzSave = if !IsNaN("ZZ$") then price else getValue(zzSave, 1);
def chg = price - getValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= reversalAmount or (IsNaN(getValue("ZZ$", 1)) and getValue(isConf, 1));

"ZZ$".EnableApproximation();
"ZZ$".DefineColor("Up Trend", Color.GREEN);
"ZZ$".DefineColor("Down Trend", Color.LIGHT_RED);
"ZZ$".AssignValueColor(if isUp then "ZZ$".color("Up Trend") else "ZZ$".color("Down Trend"));

DefineGlobalColor("Up", Color.GREEN);
DefineGlobalColor("Down", Color.LIGHT_RED);

def barNumber = barNumber();

AddChartBubble(showBubbles and !IsNaN("ZZ$") and barNumber != 1, price, chg, if isUp then globalColor("Up") else globalColor("Down"), isUp);
AddLabel(showLabel and barNumber != 1, (if isConf then "Confirmed" else "Unconfirmed") + "ZigZag: " + chg, if isUp then globalColor("Up") else globalColor("Down"));
 
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hautetoddy said:
the zigzag indicator showing volume and showing ticks are good, but would be great if they are real time like the below volume indicator.

1st indicator is real time - 2nd two indicators are not real time and could utilize real time functionality from the first one???

i'm a good trader, but not coder. any chance to help integrate and use the best of both?

please? thank you so much


1) volume indicator - real time - shows relative percent buy/sell - amazingly helpful...

plot Data = close;
#[email protected]
#v5.15.2020
declare on_volume;
input ShowVolumeAsCandlesticks = no;
input ShowBuySellStrengthOnVolumeBars = no;
input ShowBuySellStrength2ndAgg = no;
input AvgDayVolLength = 5;
input AvgVolLength = 20;
input ShowDayVolLabel = yes;
input ShowBarVolLabel = yes;
input ShowEthTotalVol = no;
input ShowBuySellStrength = yes;
input BuySellStrAgg2 = AggregationPeriod.THIRTY_MIN;
def BuySellStrAggregation2 = if GetAggregationPeriod() < BuySellStrAgg2 then BuySellStrAgg2 else GetAggregationPeriod();

input VolAverageType = AverageType.SIMPLE;
#if ShowBuySellStrengthOnVolumeBars is toggled on then the following volume bar paint options will not show, only the VolSignal Triangle set at the top of the bars will be painting according to volume average levels.
input PaintAboveAvgVolBars = yes;
input PaintAccordingToRelPrevVol = yes;
input RelativetoPrevVolTolerance = 1.25; #if volume is 1.25x greater than previous bar it will paint even if it is still below the average/sigma2/sigma3
input PaintBelowAvgVol = yes;
input PaintPriceAsVol = no;
input ShowVerticalTickLines = yes;
def ShowVertLines = if ShowVerticalTickLines and GetAggregationPeriod() < AggregationPeriod.DAY then 1 else 0;
input TickLevel = 1000;
input ShowTickLabel = yes;


def NA = Double.NaN;
def PriceRange = high - low;
def TopShadowRange = if open >= close then high - open else high - close;
def BottomShadowRange = if open <= close then open - low else close - low;
def BodyRange = PriceRange - (TopShadowRange + BottomShadowRange);
def VolumeTopShadowValue = (1 - (TopShadowRange / PriceRange)) * volume;
def VolumeBottomShadowValue = ((BottomShadowRange / PriceRange) * volume);
def BodyRangeVolValue = ((BodyRange + BottomShadowRange) / PriceRange) * volume;
#def DayVolAgg = if GetAggregationPeriod() < AggregationPeriod.DAY then AggregationPeriod.DAY else if GetAggregationPeriod() >= AggregationPeriod.DAY then AggregationPeriod.WEEK else GetAggregationPeriod();
def DayVolAgg = if GetAggregationPeriod() < AggregationPeriod.DAY then AggregationPeriod.DAY else GetAggregationPeriod();
def DayVol = volume("period" = DayVolAgg);
def AvgDayVol = Average(DayVol, AvgDayVolLength);
def Start = 0930;
def End = 1600;
def conf = SecondsFromTime(Start) >= 0 and SecondsFromTime(End) <= 0;

plot VolColor = NA;
VolColor.DefineColor("Bullish", Color.GREEN);
VolColor.DefineColor("Bearish", Color.RED);
VolColor.DefineColor("VolAvg", CreateColor(0, 100, 200));
VolColor.DefineColor("VolSigma2", Color.DARK_ORANGE);
VolColor.DefineColor("VolSigma3", Color.MAGENTA);
VolColor.DefineColor("Relative to Prev", Color.YELLOW);
VolColor.DefineColor("Below Average", Color.GRAY);
VolColor.DefineColor("ETH TVOL", Color.GRAY);
#Current Candle Buy and Sell Strength
def BuyStr = ((close - low) / PriceRange) * 100;
def SellStr = ((high - close) / PriceRange) * 100;

def BuyStr2 = ((close("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2)) / (high("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2))) * 100;
def SellStr2 = ((high("period" = BuySellStrAggregation2) - close("period" = BuySellStrAggregation2)) / (high("period" = BuySellStrAggregation2) - low("period" = BuySellStrAggregation2))) * 100;

plot BuyVol = if ShowBuySellStrengthOnVolumeBars then (BuyStr/100)*volume else NA;
def SellVol = (SellStr/100)*volume;
def BuyVol2 = (BuyStr2/100)*volume("period" = BuySellStrAggregation2);
def SellVol2 = (SellStr2/100)*volume("period" = BuySellStrAggregation2);
AddCloud(if ShowBuySellStrength2ndAgg then BuyVol2 else NA, 0, VolColor.Color("Bullish"), VolColor.Color("Bullish"), yes);
AddCloud(if ShowBuySellStrength2ndAgg then volume("period" = BuySellStrAggregation2) else NA, BuyVol2, VolColor.Color("Bearish"), VolColor.Color("Bearish"), yes);

BuyVol.SetDefaultColor(VolColor.Color("Bullish"));
BuyVol.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
#BuyVol2.SetDefaultColor(Color.GREEN);
#BuyVol2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
#SellVol2.SetDefaultColor(Color.GREEN);
#SellVol2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

plot Vol = volume;
plot VolumeBottom = if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then NA else VolumeBottomShadowValue;
plot VolumeBody = if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then NA else BodyRangeVolValue;

VolumeBottom.HideTitle();
VolumeBody.HideTitle();

plot VolAvg = MovingAverage(VolAverageType, volume, AvgVolLength);

#2Sigma and 3Sigma Vol Filter
def Num_Dev1 = 2.0;
def Num_Dev2 = 3.0;
def averageType = AverageType.SIMPLE;
def sDev = StDev(data = Vol, length = AvgVolLength);

plot VolSigma2 = VolAvg + Num_Dev1 * sDev;
plot VolSigma3 = VolAvg + Num_Dev2 * sDev;


def RelDayVol = DayVol / AvgDayVol;
def RelPrevDayVol = DayVol / volume("period" = DayVolAgg)[1];
#Daily aggregation volume labels
AddLabel(if GetAggregationPeriod() >= AggregationPeriod.DAY then 0 else if ShowDayVolLabel then 1 else 0, "DayVol: " + DayVol + " / " + Round(RelDayVol, 2) + "x Avg(" + AvgDayVolLength + ") / " + Round(RelPrevDayVol, 2) + "x Prev", if DayVol > AvgDayVol then VolColor.Color("VolAvg") else VolColor.Color("Below Average"));

def RelVol = Vol / VolAvg;
def RelPrevVol = volume / volume[1];

#Triangle Vol Signal
plot VolSignal = if Vol > VolSigma3 then volume else if Vol > VolSigma2 then volume else if Vol > VolAvg then volume else if RelPrevVol >= RelativetoPrevVolTolerance then volume else NA;

#current aggregation's volume labels
AddLabel(ShowBarVolLabel, "Vol: " + volume + " / " + Round(RelVol, 2) + "x Avg(" + AvgVolLength + ") / " + Round(RelPrevVol, 2) + "x Prev", if Vol > VolSigma3 then VolColor.Color("VolSigma3") else if Vol > VolSigma2 then VolColor.Color("VolSigma2") else if Vol > VolAvg then VolColor.Color("VolAvg") else VolColor.Color("Below Average"));

#ETH Total Vol Label
def ETH_VOL = if !conf and conf[1] then volume else if !conf then CompoundValue(1, ETH_VOL[1] + volume, volume) else ETH_VOL[1];

AddLabel(if !ShowEthTotalVol then 0 else if GetAggregationPeriod() >= AggregationPeriod.DAY then 0 else 1, "ETH TVOL: " + ETH_VOL, VolColor.Color("ETH TVOL"));

#$TICK Vertical Lines
def tickc = close("$TICK");
def tickh = high("$TICK");
def tickl = low("$TICK");

AddVerticalLine(if ShowVertLines and (tickh > TickLevel) or ShowVertLines and (tickl < -TickLevel) then 1 else 0, if (tickh > TickLevel) then tickh else if (tickl < -TickLevel) then tickl else Double.NaN, Color.WHITE);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#$TICK Label
AddLabel(if ShowTickLabel then 1 else 0,"$TICK: " + tickc, if tickc > 0 then Color.BLACK else Color.BLACK);

#current candle Buy/Sell strength labels
AddLabel(if ShowBuySellStrength then 1 else 0, " ", Color.GREEN);
AddLabel(if ShowBuySellStrength then 1 else 0, "1", Color.RED);
AddLabel(if ShowBuySellStrength then 1 else 0, "Sell " + Round(SellStr, 2) + "%", if SellStr > BuyStr then Color.RED else Color.BLACK);
AddLabel(if ShowBuySellStrength then 1 else 0, "Buy " + Round(BuyStr, 2) + "%", if BuyStr > SellStr then Color.GREEN else Color.BLACK);

VolumeBottom.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
VolumeBottom.AssignValueColor(Color.BLACK);
VolumeBody.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);

VolumeBody.AssignValueColor(if PaintAboveAvgVolBars and Vol > VolSigma3 then VolColor.Color("VolSigma3") else if PaintAboveAvgVolBars and Vol > VolSigma2 then VolColor.Color("VolSigma2") else if PaintAboveAvgVolBars and Vol > VolAvg then VolColor.Color("VolAvg") else if PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintBelowAvgVol and Vol < VolAvg then VolColor.Color("Below Average") else if close > open then VolColor.Color("Bullish") else VolColor.Color("Bearish"));
#VolumeTop.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
#VolumeTop.AssignValueColor(if close > open then Color.Black else Color.Black);

VolAvg.SetDefaultColor(VolColor.Color("VolAvg"));
VolSigma2.SetDefaultColor(VolColor.Color("VolSigma2"));


Vol.SetPaintingStrategy(if !ShowVolumeAsCandlesticks or ShowBuySellStrengthOnVolumeBars then PaintingStrategy.SQUARED_HISTOGRAM else PaintingStrategy.HISTOGRAM);

Vol.SetLineWeight(1);
Vol.AssignValueColor(if ShowBuySellStrengthOnVolumeBars then VolColor.Color("Bearish") else if PaintAboveAvgVolBars and volume > VolSigma3 then VolColor.Color("VolSigma3") else if PaintAboveAvgVolBars and volume > VolSigma2 then VolColor.Color("VolSigma2") else if PaintAboveAvgVolBars and volume > VolAvg then VolColor.Color("VolAvg") else if PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintBelowAvgVol and volume < VolAvg then VolColor.Color("Below Average") else if close > open then VolColor.Color("Bullish") else VolColor.Color("Bearish"));

AssignPriceColor(if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolSigma3 then VolColor.Color("VolSigma3") else if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolSigma2 then VolColor.Color("VolSigma2") else if PaintPriceAsVol and PaintAboveAvgVolBars and volume > VolAvg then VolColor.Color("VolAvg") else if PaintPriceAsVol and PaintAccordingToRelPrevVol and RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else if PaintPriceAsVol and PaintBelowAvgVol and volume < VolAvg then VolColor.Color("Below Average") else Color.CURRENT);

VolSignal.AssignValueColor(if Vol > VolSigma3 then VolColor.Color("VolSigma3") else if Vol > VolSigma2 then VolColor.Color("VolSigma2") else if Vol > VolAvg then VolColor.Color("VolAvg") else if RelPrevVol >= RelativetoPrevVolTolerance then VolColor.Color("Relative to Prev") else VolColor.Color("Below Average"));
VolSignal.SetPaintingStrategy(PaintingStrategy.TRIANGLES);
VolAvg.SetLineWeight(2);
VolSignal.SetLineWeight(1);

-------

2) zigzag indicator that is not real time...

plot Data = close;# ZigZag High Low Stats
# tomsk
# 11.16.2019

# V1.0 - 11.16.2019 - tomsk - Initial release of ZigZag High Low Stats

# Extracted idea from RDMercer's post #369 of a variant of a massive
# Zig Zag High Low Supply Demand study that comprises many different
# components
#
# https://usethinkscript.com/threads/...-signals-for-thinkorswim.183/page-19#post-369
#
# I heavily modified, cleaned up and extracted some interesting Zig Zag statistical information resulting in this study called Zig Zag High
# Low Stats. It displays the following information represented via bubbles at each of the Zig zag turning points
#
# Label for Confirmed/Unconfirmed Status of Current Zigzag
# Price Change between Zigzags
# Price at Zigzag High/Low
# Bar Count between Zigzags
# Volume at Zigzag Reversals

input showBubblesChange = no; # Price Change between Zigzags
input showBubblesPrice = no; # Price at Zigzag High/Low
input showBubblesBarCount = no; # Bar Count between Zigzags
input showBubblesVolume = no; # Volume at Zigzag Reversals

input BubbleOffset = .0005;
input PercentAmount = .01;
input RevAmount = .05;
input ATRreversal = 3.0;
input ATRlength = 5;

def zz = ZigZagHighLow("price h" = high, "price l" = low, "percentage reversal" = PercentAmount,
"absolute reversal" = RevAmount, "atr length" = ATRlength, "atr reversal" = ATRreversal);

def ReversalAmount = if (close * PercentAmount / 100) > Max(RevAmount < ATRreversal * reference ATR(ATRlength), RevAmount)
then (close * PercentAmount / 100)
else if RevAmount < ATRreversal * reference ATR(ATRlength)
then ATRreversal * reference ATR(ATRlength)
else RevAmount;
# Zig Zag Specific Data

def zzSave = if !IsNaN(zz) then zz else GetValue(zzSave, 1);
def chg = (if zzSave == high then high else low) - GetValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= ReversalAmount or (IsNaN(GetValue(zz, 1)) and GetValue(isConf, 1));

# Price Change Specific Data

def xxHigh = if zzSave == high then high else xxHigh[1];
def chgHigh = high - xxHigh[1];
def xxLow = if zzSave == low then low else xxLow[1];
def chgLow = low - xxLow[1];

# Bar Count Specific Data

def zzCount = if zzSave[1] != zzSave then 1 else if zzSave[1] == zzSave then zzCount[1] + 1 else 0;
def zzCountHiLo = if zzCountHiLo[1] == 0 and (zzSave == high or zzSave == low) then 1
else if zzSave == high or zzSave == low then zzCountHiLo[1] + 1
else zzCountHiLo[1];
def zzHiLo = if zzSave == high or zzSave == low then zzCountHiLo else zzCountHiLo + 1;
def zzCountHigh = if zzSave == high then zzCount[1] else Double.NaN;
def zzCountLow = if zzSave == low then zzCount[1] else Double.NaN;

# Volume Specific Data

def vol = if BarNumber() == 0 then 0 else volume + vol[1];
def vol1 = if BarNumber() == 1 then volume else vol1[1];
def xxVol = if zzSave == high or zzSave == low then TotalSum(volume) else xxVol[1];
def chgVol = if xxvol - xxVol[1] + vol1 == vol then vol else xxVol - xxVol[1];

# Zigzag Status Label

#AddLabel(BarNumber() != 1, (if isConf then "Confirmed " else "Unconfirmed ") + "ZigZag: " + chg + " ATRrev " + Round(reference ATR(ATRlength) * ATRreversal, 2) + " RevAmt " + Round(ReversalAmount, 2), if !isConf then Color.Dark_Orange else if isUp then Color.Green else Color.Red);

# Zig Zag Plot

plot zzp = if isUp <= 1 then zz else Double.NaN;
zzp.AssignValueColor(if isUp then Color.DARK_ORANGE else if !isUp then Color.DARK_ORANGE else Color.Dark_Orange);
zzp.SetStyle(Curve.FIRM);
zzp.EnableApproximation();
zzp.HideBubble();

# Bubbles

# Price Change between Zigzags

AddChartBubble(showBubblesChange and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), "$" + Round(chg, 2), if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, isUp);

# Price at Zigzag High/Low

AddChartBubble(showBubblesPrice and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if isUp then "$" + high else "$" + low, if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, isUp);

# Bar Count between Zigzags

AddChartBubble(showBubblesBarCount and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + BubbleOffset) else low * (1 - BubbleOffset), if zzSave == high then zzCountHigh else zzCountLow, if isUp and chgHigh > 0 then Color.DARK_ORANGE else if isUp and chgHigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chgLow > 0 then Color.DARK_ORANGE else if !isUp and chgLow < 0 then Color.DARK_ORANGE else Color.Yellow, if isUp then yes else no);

# Volume at Zigzag Reversals

AddChartBubble(showBubblesVolume and !IsNaN(zz) and BarNumber() != 1, if isUp then high * (1 + bubbleoffset) else low * (1 - bubbleoffset), chgVol, if isUp and chghigh > 0 then Color.DARK_ORANGE else if isUp and chghigh < 0 then Color.DARK_ORANGE else if isUp then Color.Yellow else if !isUp and chglow > 0 then Color.DARK_ORANGE else if !isUp and chglow < 0 then Color.DARK_ORANGE else Color.Yellow, if isUp then yes else no);

# End ZigZag High Low Stats

-------

3) other zigzag indicator that is not real time...

#hautetoddy shareable
input price = close;
input reversalAmount = 1.0;
input showBubbles = no;
input showLabel = no;

assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount);

plot "ZZ$" = reference ZigZagHighLow(price, price, 0, reversalAmount, 1, 0);

def zzSave = if !IsNaN("ZZ$") then price else getValue(zzSave, 1);
def chg = price - getValue(zzSave, 1);
def isUp = chg >= 0;
def isConf = AbsValue(chg) >= reversalAmount or (IsNaN(getValue("ZZ$", 1)) and getValue(isConf, 1));

"ZZ$".EnableApproximation();
"ZZ$".DefineColor("Up Trend", Color.GREEN);
"ZZ$".DefineColor("Down Trend", Color.LIGHT_RED);
"ZZ$".AssignValueColor(if isUp then "ZZ$".color("Up Trend") else "ZZ$".color("Down Trend"));

DefineGlobalColor("Up", Color.GREEN);
DefineGlobalColor("Down", Color.LIGHT_RED);

def barNumber = barNumber();

AddChartBubble(showBubbles and !IsNaN("ZZ$") and barNumber != 1, price, chg, if isUp then globalColor("Up") else globalColor("Down"), isUp);
AddLabel(showLabel and barNumber != 1, (if isConf then "Confirmed" else "Unconfirmed") + "ZigZag: " + chg, if isUp then globalColor("Up") else globalColor("Down"));
Click to expand...
I entered the first scripts, but nothing is shown on the chart, what needs to be done? Thanks
 
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Do you see how the real-time live aspect of the volume indicator would be helpful on both the zigzag indicators? updating BEFORE bar is closed. do you think there's a chance it could be figured out?

thank you so much
 
Last edited:
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zeek said:
Volume doesn’t use future data to show values/results so no, it doesn’t repaint. What you see is what you get and once the current bar is closed, the results shown will stay this way.
Click to expand...
Hi Zeek, as i don't really code, can i ask you if the volume indicator operates real-time or am i making a false assumption? and if it is real-time, can we assume the zigzags should be able to operate real-time as well? thank you for any explanation.
 
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