Relative Volume For ThinkOrSwim

Z

zack3d_

New member
The author states:
Volume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend columns are shown to highlight activity and can be seen at bottom of the volume columns, this is done using ZLSMA and LSMA.

ILTaPDK.png


Hello, relative volume has been a helpful indicator for me and I find this RVOL on tradingview to be very good. I have tried to convert the code but have not been successful. Any assistance would be appreciated!

https://www.tradingview.com/script/rZpNXicF-Relative-Volume/

Thank you in advance!
 
Last edited by a moderator:
zack3d_ said:
Hello, relative volume has been a helpful indicator for me and I find this RVOL on tradingview to be very good. I have tried to convert the code but have not been successful. Any assistance would be appreciated!

https://www.tradingview.com/script/rZpNXicF-Relative-Volume/

Thank you in advance!
Click to expand...
check the below:

CSS: 
#// Indicator for TOS
#// © veryfid
#study("Relative Volume", shorttitle="RVOL", format = format.volume)
# Converted by Sam4Cok@Samer800    - 03/2024
declare lower;

input lsmalength = 50; #,"LSMA Length",group = "General Settings")
input avglength = 30; #,"Lookback bars for Average",group = "General Settings")
input volalert = 200000000; #, title = "Alert when volume reaches",group = "General Settings")
input showEntrySignals = yes; #(true, "Show Entry Signals?",group = "Entry Signals")
input showRvol = no; #(false, "Show RVOL Calculation?",group = "General Settings")
input showLsma21 = yes; #(true,"Show LSMA 21 Entry Points", group = "Entry Signals")
input showLsma6 = yes; #(true,"Show LSMA 6 Entry Points",group = "Entry Signals")
input showAnomalies = yes; #(true, "Show Anomalies",group = "General Settings")
input ShowTrendColumns = no; #(false, title = "Show Trend Columns",group = "General Settings")

def na = Double.NaN;
DefineGlobalColor("up", CreateColor(0,255,170));
DefineGlobalColor("dn", CreateColor(255,82,82));
DefineGlobalColor("yel",CreateColor(255,235,59));
DefineGlobalColor("bg", CreateColor(10, 109, 187));
  
############## ALMA
script ALMA {
  input Data = close;
  input Window = 9;
  input Sigma = 6;
  input Offset = 0.85;
    def m = (Offset * (Window - 1));
    def s = Window/Sigma;
    def SumVectorData = fold y = 0 to Window with WS do
         WS + Exp(-(sqr(y-m))/(2*sqr(s))) * getvalue(Data, (Window-1)-y);
    def SumVector = fold z = 0 to Window with CW do
         CW + Exp(-(sqr(z-m))/(2*sqr(s)));
 plot ALMA = SumVectorData / SumVector;
}
def len = 20;
def src = volume;
def hh = highest(src , 100);
def ma1 = Average(src, len);
def ma2 = Inertia(src, lsmalength);
def ma3 = Inertia(src, 21);
def ma4 = Inertia(src, 6);

def length = 21;
def std = 21;
def hullma = HullMovingAvg(src, length);
def windowsize = 9;
def offset = 0.85;
def sigma = 6;
def lsma2 = Inertia(ma2, len);
def a = ma2 - lsma2;
def zlsma = ma2 + a;
def almaMov = ALMA(src, windowsize, offset, sigma);
def stdv = stdev(src, std);
def dif = zlsma - ma2;
def clean = src - ma2;
#cond1 = crossover(ma2,0)
def cond1 = if showlsma21 and !showlsma6 then (ma2 crosses above 0) or (ma3  crosses above 0) else
            if showlsma6 and !showlsma21 then (ma2  crosses above 0) or (ma4  crosses above 0) else
            if showlsma6 and showlsma21 then (ma2  crosses above 0) or (ma3  crosses above 0) or (ma4  crosses above 0) else
            (ma2  crosses above 0);
def cond2 = (src  crosses above volalert);
def cond3 = src > ma2;

AddCloud(almaMov, 0, GlobalColor("bg"), GlobalColor("bg"), yes);
AddCloud(stdv, 0, GlobalColor("bg"), GlobalColor("bg"), yes);
AddCloud(ma1, 0, GlobalColor("bg"), GlobalColor("bg"), yes);

plot EntrySignal = if showEntrySignals and cond1 then hh else na; # "Entry Signal"
plot Anomalies = if showAnomalies and clean > stdv then src else na; # "Entry Signal"
plot TrendColumns = if ShowTrendColumns and dif > 0 then dif else na; # #fff9c4, title = "Trend Columns")
plot LSMA = ma2; # "LSMA"
plot volHist = src;     # "Volume"

EntrySignal.SetPaintingStrategy(PaintingStrategy.SQUARES);
EntrySignal.SetDefaultColor(GlobalColor("yel"));
Anomalies.AssignValueColor(if close > open then GlobalColor("up") else  GlobalColor("dn"));
Anomalies.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
TrendColumns.SetDefaultColor(GlobalColor("yel"));
TrendColumns.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
LSMA.SetDefaultColor(Color.WHITE);
volHist.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
volHist.AssignValueColor(if close > open then GlobalColor("up") else  GlobalColor("dn"));

def avg = Average(src[1], avglength);
def rvol = src / avg;

AddLabel(showrvol, "RVOL(" + Round(rvol, 2) + ")", Color.WHITE);
#-- END of CODE
 
Last edited by a moderator:
samer800 said:
check the below:

CSS: 
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © veryfid
#study("Relative Volume", shorttitle="RVOL", format = format.volume)
# Converted by Sam4Cok@Samer800    - 03/2024
declare lower;

input lsmalength = 50; #,"LSMA Length",group = "General Settings")
input avglength = 30; #,"Lookback bars for Average",group = "General Settings")
input volalert = 200000000; #, title = "Alert when volume reaches",group = "General Settings")
input showEntrySignals = yes; #(true, "Show Entry Signals?",group = "Entry Signals")
input showRvol = no; #(false, "Show RVOL Calculation?",group = "General Settings")
input showLsma21 = yes; #(true,"Show LSMA 21 Entry Points", group = "Entry Signals")
input showLsma6 = yes; #(true,"Show LSMA 6 Entry Points",group = "Entry Signals")
input showAnomalies = yes; #(true, "Show Anomalies",group = "General Settings")
input ShowTrendColumns = no; #(false, title = "Show Trend Columns",group = "General Settings")

def na = Double.NaN;
DefineGlobalColor("up", CreateColor(0,255,170));
DefineGlobalColor("dn", CreateColor(255,82,82));
DefineGlobalColor("yel",CreateColor(255,235,59));
DefineGlobalColor("bg", CreateColor(10, 109, 187));
   
############## ALMA
script ALMA {
  input Data = close;
  input Window = 9;
  input Sigma = 6;
  input Offset = 0.85;
    def m = (Offset * (Window - 1));
    def s = Window/Sigma;
    def SumVectorData = fold y = 0 to Window with WS do
         WS + Exp(-(sqr(y-m))/(2*sqr(s))) * getvalue(Data, (Window-1)-y);
    def SumVector = fold z = 0 to Window with CW do
         CW + Exp(-(sqr(z-m))/(2*sqr(s)));
 plot ALMA = SumVectorData / SumVector;
}
def len = 20;
def src = volume;
def hh = highest(src , 100);
def ma1 = Average(src, len);
def ma2 = Inertia(src, lsmalength);
def ma3 = Inertia(src, 21);
def ma4 = Inertia(src, 6);

def length = 21;
def std = 21;
def hullma = HullMovingAvg(src, length);
def windowsize = 9;
def offset = 0.85;
def sigma = 6;
def lsma2 = Inertia(ma2, len);
def a = ma2 - lsma2;
def zlsma = ma2 + a;
def almaMov = ALMA(src, windowsize, offset, sigma);
def stdv = stdev(src, std);
def dif = zlsma - ma2;
def clean = src - ma2;
#cond1 = crossover(ma2,0)
def cond1 = if showlsma21 and !showlsma6 then (ma2 crosses above 0) or (ma3  crosses above 0) else
            if showlsma6 and !showlsma21 then (ma2  crosses above 0) or (ma4  crosses above 0) else
            if showlsma6 and showlsma21 then (ma2  crosses above 0) or (ma3  crosses above 0) or (ma4  crosses above 0) else
            (ma2  crosses above 0);
def cond2 = (src  crosses above volalert);
def cond3 = src > ma2;

AddCloud(almaMov, 0, GlobalColor("bg"), GlobalColor("bg"), yes);
AddCloud(stdv, 0, GlobalColor("bg"), GlobalColor("bg"), yes);
AddCloud(ma1, 0, GlobalColor("bg"), GlobalColor("bg"), yes);

plot EntrySignal = if showEntrySignals and cond1 then hh else na; # "Entry Signal"
plot Anomalies = if showAnomalies and clean > stdv then src else na; # "Entry Signal"
plot TrendColumns = if ShowTrendColumns and dif > 0 then dif else na; # #fff9c4, title = "Trend Columns")
plot LSMA = ma2; # "LSMA"
plot volHist = src;     # "Volume"

EntrySignal.SetPaintingStrategy(PaintingStrategy.SQUARES);
EntrySignal.SetDefaultColor(GlobalColor("yel"));
Anomalies.AssignValueColor(if close > open then GlobalColor("up") else  GlobalColor("dn"));
Anomalies.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
TrendColumns.SetDefaultColor(GlobalColor("yel"));
TrendColumns.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
LSMA.SetDefaultColor(Color.WHITE);
volHist.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
volHist.AssignValueColor(if close > open then GlobalColor("up") else  GlobalColor("dn"));

def avg = Average(src[1], avglength);
def rvol = src / avg;

AddLabel(showrvol, "RVOL(" + Round(rvol, 2) + ")", Color.WHITE);
#-- END of CODE
Click to expand...
This is awesome! Thank you very much @samer800
 
Hello, samer800...I copied and pasted the thinkscript in my TOS platform and I get an AddLable error:
"AddLabel is not allowed in this context"
Any idea what went wrong?
 
pasjr said:
Hello, samer800...I copied and pasted the thinkscript in my TOS platform and I get an AddLable error:
"AddLabel is not allowed in this context"
Any idea what went wrong?
Click to expand...
This script was created for adding to your charts.

The error that you are seeing occurs when you are attempting to add a chart script to a ToS widget.
If you are attempting to use this study in the scan hacker widget, here is a tutorial:
https://usethinkscript.com/threads/how-to-use-thinkorswim-stock-hacker-scans.284/
 
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