SBV Flow Trading For ThinkOrSwim

[antwerks]

The “SBV Flow Trading System (2 Signal Lines)” is a volume-based momentum indicator.
https://www.marketvolume.com/sbv/blog.asp

It shows whether big players are buying or selling and uses two smoothed ema lines to flag when that pressure shifts direction.

Component	Purpose
SBV Formula	(Close − Close[1]) × Volume measures whether volume supports price change.
Fast/Slow EMA	Smooth SBV values to reduce noise and show directional flow.
Histogram	Shows strength and direction of the flow (green = positive momentum).
Crossovers	When the fast line crosses above the slow → bullish; below → bearish.
Labels/Lines	Optional visual alerts for signal events.

shared study link: https://tos.mx/!2KgEYD93

# ==============================================================
# SBV Flow Trading System (Adaptive Version with Volatility Labels)
# --------------------------------------------------------------
# Displays volatility regime, ATR%, and adaptive factor.
# ==============================================================

declare lower;

# ---------- INPUTS ----------
input baseFastLength = 12;
input baseSlowLength = 26;
input atrLength      = 14;
input atrMultiplier  = 10;
input showHistogram  = yes;
input showSignals    = yes;
input showVolatilityLabels = yes;

# ---------- DEFINE GLOBAL COLORS ----------
DefineGlobalColor("FastLine", Color.CYAN);
DefineGlobalColor("SlowLine", Color.YELLOW);
DefineGlobalColor("HistUp",   Color.GREEN);
DefineGlobalColor("HistDown", Color.RED);
DefineGlobalColor("ZeroLine", Color.DARK_GRAY);
DefineGlobalColor("VolLow",   Color.LIGHT_GREEN);
DefineGlobalColor("VolNorm",  Color.LIGHT_GRAY);
DefineGlobalColor("VolHigh",  Color.ORANGE);

# ---------- VOLATILITY MEASURE ----------
def atr = Average(TrueRange(high, close, low), atrLength);
def atrPercent = atr / close * 100;
def adjFactor = Max(0.5, Min(2.0, 1 + (atrPercent / atrMultiplier - 0.1)));

# ---------- SBV BASE CALCULATION ----------
def SBV = (close - close[1]) * volume;

# ---------- CUSTOM DYNAMIC EMA ----------
def alphaFast = 2 / (baseFastLength / adjFactor + 1);
def alphaSlow = 2 / (baseSlowLength / adjFactor + 1);

rec fastLine = CompoundValue(1, fastLine[1] + alphaFast * (SBV - fastLine[1]), SBV);
rec slowLine = CompoundValue(1, slowLine[1] + alphaSlow * (SBV - slowLine[1]), SBV);

def hist = fastLine - slowLine;

# ---------- PLOTS ----------
plot pFast = fastLine;
pFast.SetDefaultColor(GlobalColor("FastLine"));
pFast.SetLineWeight(2);

plot pSlow = slowLine;
pSlow.SetDefaultColor(GlobalColor("SlowLine"));
pSlow.SetLineWeight(2);

plot pHist = if showHistogram then hist else Double.NaN;
pHist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
pHist.SetLineWeight(3);
pHist.AssignValueColor(
    if hist >= 0 then GlobalColor("HistUp")
    else GlobalColor("HistDown")
);

# ---------- SIGNALS ----------
def crossUp   = fastLine crosses above slowLine;
def crossDown = fastLine crosses below slowLine;

AddVerticalLine(showSignals and crossUp, "BUY", Color.GREEN, Curve.SHORT_DASH);
AddVerticalLine(showSignals and crossDown, "SELL", Color.RED, Curve.SHORT_DASH);

AddLabel(showSignals and crossUp, "SBV Bullish Crossover", Color.GREEN);
AddLabel(showSignals and crossDown, "SBV Bearish Crossover", Color.RED);

# ---------- ZERO LINE ----------
plot ZeroLine = 0;
ZeroLine.SetDefaultColor(GlobalColor("ZeroLine"));
ZeroLine.SetStyle(Curve.LONG_DASH);
ZeroLine.HideBubble();

# ---------- VOLATILITY LABELS ----------
def volRegime =
    if atrPercent < 0.75 then 0
    else if atrPercent < 2 then 1
    else 2;

# Always show labels (no need for lastBar check)
AddLabel(showVolatilityLabels,
    "ATR%: " + Round(atrPercent, 2) + "%",
    if volRegime == 0 then GlobalColor("VolLow")
    else if volRegime == 1 then GlobalColor("VolNorm")
    else GlobalColor("VolHigh")
);

AddLabel(showVolatilityLabels,
    "Adaptive Factor: " + Round(adjFactor, 2),
    Color.LIGHT_GRAY
);

AddLabel(showVolatilityLabels,
    if volRegime == 0 then "Volatility: LOW"
    else if volRegime == 1 then "Volatility: NORMAL"
    else "Volatility: HIGH",
    if volRegime == 0 then GlobalColor("VolLow")
    else if volRegime == 1 then GlobalColor("VolNorm")
    else GlobalColor("VolHigh")
);

 

[antwerks]

Here is a bullish scanner https://tos.mx/!abQXZVm3 You can run it intraday or any time frame