Stock Volume Indicator that shows volume selling vs buying

[mchapma72]

Is there a script that will show the daily volume and distinguish between sellers and buyers as?

One Day the volume candle may have a long green with short red section. Next day the volume candle may be a short green with long red section.

I don't see a way to paste an image in this post. You can insert a link to insert an image but the image is on my desktop.

Thanks,
Mark

 

[MerryDay]

Is there a script that will show the daily volume and distinguish between sellers and buyers as?

One Day the volume candle may have a long green with short red section. Next day the volume candle may be a short green with long red section.

I don't see a way to paste an image in this post. You can insert a link to insert an image but the image is on my desktop.

Thanks,
Mark

The ToS data feeds do not provide buyers and sellers volume data.
A workaround used by members is to assume where there is a bullish price candle spread that there is buying volume pressure.
Read more:
https://usethinkscript.com/threads/...ssure-indicators-labels-for-thinkorswim.8466/

 

[netarchitech]

@mchapma72 Try this:
Not true volume. Volume Pressure:

declare lower;
declare zerobase;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;

#Replace the two lines below to accommodate unfilled gaps
#def Selling = V * (H - C) / (H - L);
#def Buying = V * (C - L) / (H - L);

# Unfilled Gap down: Use prior close as high
def equivHi = if H < C[1] then C[1] else H;
# Unfilled Gap up: Use prior close as low
def equivLo = if L > C[1] then C[1] else L;

def Buying = Round(V * (C - equivLo) / (equivHi - equivLo), 0);
def Selling = Round(V * (equivHi - C) / (equivHi - equivLo), 0);

# Selling Volume
plot SV = Selling;
SV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
SV.SetDefaultColor(CreateColor(255, 0, 0)); #Red
SV.SetLineWeight(1);
#SV.hide();

# Buying Volume
plot BV = Buying;
BV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BV.SetDefaultColor(CreateColor(0, 255, 0));
BV.SetLineWeight(5);
#BV.hide()

Good Luck and Good Trading

 

[mchapma72]

@mchapma72 Try this:
Not true volume. Volume Pressure:

declare lower;
declare zerobase;

def O = open;
def H = high;
def C = close;
def L = low;
def V = volume;

#Replace the two lines below to accommodate unfilled gaps
#def Selling = V * (H - C) / (H - L);
#def Buying = V * (C - L) / (H - L);

# Unfilled Gap down: Use prior close as high
def equivHi = if H < C[1] then C[1] else H;
# Unfilled Gap up: Use prior close as low
def equivLo = if L > C[1] then C[1] else L;

def Buying = Round(V * (C - equivLo) / (equivHi - equivLo), 0);
def Selling = Round(V * (equivHi - C) / (equivHi - equivLo), 0);

# Selling Volume
plot SV = Selling;
SV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
SV.SetDefaultColor(CreateColor(255, 0, 0)); #Red
SV.SetLineWeight(1);
#SV.hide();

# Buying Volume
plot BV = Buying;
BV.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BV.SetDefaultColor(CreateColor(0, 255, 0));
BV.SetLineWeight(5);
#BV.hide()

Good Luck and Good Trading

Looks good. One question though. What does the first number (looks like ratio to me) represent? The number is blue. Thank you for your script and responding. Mark

 

[netarchitech]

Looks good. One question though. What does the first number (looks like ratio to me) represent? The number is blue. Thank you for your script and responding. Mark

I'm not seeing a blue number...can you take a screenshot?