Time and Sales Plus Bid Ask Multi Correlation Futures

[Ishaam]

@BenTen and @horserider and any other software programmers here on this forum, please can you help me to put this together, see YouTube video of the idea below.

I already saw scripts for Time and Sales and Correlation scripts plus volume scripts here in this forum. I am not sure how to put this all together for Thinkorswim. I'm sure you guys can help me to code this.

 

[Ishaam]

Following links in this forum to assist with possible coding of this request if at all possible:

https://usethinkscript.com/threads/looking-for-tape-momentum-indicator.569/
https://usethinkscript.com/threads/futures-correlation-indicator-for-thinkorswim.308/
https://usethinkscript.com/threads/...utures-market-in-thinkorswim.1249/#post-12551
There's a ton of volume indicators on this forum, so I am looking for a signal volume indicator breakout to use that will be applicable to add to this strategy.

Thanks

 

[MatthewA]

I am not 100% skilled in this but it seems everything comes down to how you define a re-tracement or how you define a reversal.
In the example if a certain tick amount was passed it was very likely a trend would continue in that direction.

I think what you desire is to know if the proper following will create a trend and so the difficulty there is that on a short timeframe prices can go up during high selling if selling into a high price & prices can go down with high Buying if buying into a lower price.

So I think you want to know how many are Buying at the Bid or Selling at the Ask ???