Tick Buy and Sell Volume Indicator for ThinkorSwim

[MerryDay]

What is the difference between volume and tick_count functions?

TicksPerVolume: Shows volume divided by ticks or in other words the volume traded divided by the number of trades. Higher means larger lots being traded and lower bar means smaller lots.

 

[Noo]

Hi @BenTen... Thank you so much for this TicksBuyTicksSell indicator. I love it. Made some adjustment on my end to differentiate the counting of BID and ASK. Gotta use in conjuntion with volume indicator as large block of order supersede the counts.

Here's the code:

declare lower;

declare zerobase;

def TradeCountASK = tick_count(priceType = PriceType.ASK);

def TradeCountBID = tick_count(priceType = PriceType.BID);

plot TCA = TradeCountASK;

TCA.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

TCA.SetDefaultColor(Color.RED);

TCA.HideBubble();

TCA.SetLineWeight(4);

plot TCB = TradeCountBID;

TCB.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

TCB.SetDefaultColor(Color.WHITE);

TCB.HideBubble();

TCB.SetLineWeight(4);

Hello how to start to do this at the beginnings? I tried to do but it didn’t work? Would you tell step by step pls?

 

[MerryDay]

Hello how to start to do this at the beginnings? I tried to do but it didn’t work? Would you tell step by step pls?

The follow 2 indicators are best used in situations where one would want to know if the majority of trading is machine-driven or not.

TicksPerVolume: Shows volume divided by ticks or in other words the volume traded divided by the number of trades. Higher means larger lots being traded and lower bar means smaller lots.

TicksBuyTicksSell: Shows the number of trades on the buy side plus the number of trades on the sell side divided by the number of trades.

 

[Jim Klopp]

I've never used tick charts before... Had my ticks too high... question solved.