Trade Count

[danjoh]

I wouldn't think this hard to find, but I can't find how to find out the number or actual trades that make up the volume for a given period? You may have good volume, but if there is a relatively small number of trades it would indicate institutional buying and you could get fooled on liquidly. HELP!

 

[mashume]

perhaps something in this, though it is do do with renko charts
https://usethinkscript.com/threads/renko-wave-volume.10005/#post-89852
might be of interest.

You can divide volume by tick_count
https://tlc.thinkorswim.com/center/...ts/FundamentalType/FundamentalType-TICK-COUNT
to perhaps see a pattern in the volume per trade taking place. If the volume per trade is high, it may be larger traders moving in or out. If the volume per trade is low or constant, it may be non-institutional traders. But those are certainly only guesses.

-mashume

 

[danjoh]

perhaps something in this, though it is do do with renko charts
https://usethinkscript.com/threads/renko-wave-volume.10005/#post-89852
might be of interest.

You can divide volume by tick_count
https://tlc.thinkorswim.com/center/...ts/FundamentalType/FundamentalType-TICK-COUNT
to perhaps see a pattern in the volume per trade taking place. If the volume per trade is high, it may be larger traders moving in or out. If the volume per trade is low or constant, it may be non-institutional traders. But those are certainly only guesses.

-mashume

Thank you so much! I will check it out and let you know if it works.
Thanks @mashume I like what I see, can you extrapulate a bit on how you visualize and interpet the lower study.

 

[mashume]

I threw this together back a while:

declare lower;

input length = 12;

def V = volume;
def T = Tick_count;

def tvb = (close - low) + (close - open) - (high - close);

def sign = if HL2 + tvb > HL2 then 1 else -1;

plot VolumePerTick = sign * V / T;
VolumePerTick.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
VolumePerTick.AssignValueColor(if VolumePerTick > 0 then Color.DARK_GREEN else Color.DARK_RED);

plot MovingVPT = MovAvgExponential(VolumePerTick, length = length);
AddCloud(MovingVPT * 3.14,  0,  Color.GREEN,  Color.RED);

plot zero = 0;

it provides some interesting notion of movements as it tries to use the true value of a bar to determine the direction of most of the trades.


a much simplified version that looks at just v/t and a moving average works like this:

declare lower;
input length = 12;

def V = volume;
def T = Tick_count;

plot VolumePerTick = V / T;

plot MovingVPT = MovAvgExponential(VolumePerTick, length = length);

No screen shots today, just some code.

-mashume