Unusual Volume For ThinkOrSwim

[TradeUp]

Simple script modification that helps me to confirm when a trend is broken. All it does is paint candles dark red or dark green if volume is 3x average. If you see anything wrong with the code please point it out thank you.

https://ibb.co/p2dmnFL - for an example on TSLA, I made good money trading puts off that broken trend.

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
# Modified VolumeAvg to paint candlesticks that are 3x the average volume.
# Make sure you put this in the Volume section of studies

declare lower;
declare zerobase;

input length = 50;

def AvgVol = Average(volume * 3);

plot Vol = volume;
plot VolAvg = Average(volume, length);

Vol.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Vol.SetLineWeight(3);
Vol.DefineColor("Up", Color.UPTICK);
Vol.DefineColor("Down", Color.DOWNTICK);
Vol.AssignValueColor(if close > close[1] then Vol.color("Up") else if close < close[1] then Vol.color("Down") else GetColor(1));
VolAvg.SetDefaultColor(GetColor(8));

AssignPriceColor(if close > close[1] AND volume > AvgVol then color.DARK_GREEN else color.current);
AssignPriceColor(if close < close[1] AND volume > AvgVol then color.DARK_RED else color.current);

https://imgur.com/a/JHG8Dd3

I really like this indicator but Instead of changing the color of the candles can someone help me add arrows instead? Please.

 

[MerryDay]

I really like this indicator but Instead of changing the color of the candles can someone help me add arrows instead? Please.

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
# Modified VolumeAvg to paint candlesticks that are 3x the average volume.
# Make sure you put this in the Volume section of studies

declare lower;
declare zerobase;

input length = 50;

def AvgVol = Average(volume * 3);

plot Vol = volume;
plot VolAvg = Average(volume, length);

Vol.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Vol.SetLineWeight(3);
Vol.DefineColor("Up", Color.UPTICK);
Vol.DefineColor("Down", Color.DOWNTICK);
Vol.AssignValueColor(if close > close[1] then Vol.color("Up") else if close < close[1] then Vol.color("Down") else GetColor(1));
VolAvg.SetDefaultColor(GetColor(8));

#AssignPriceColor(if close > close[1] AND volume > AvgVol then color.DARK_GREEN else color.current);
#AssignPriceColor(if close < close[1] AND volume > AvgVol then color.DARK_RED else color.current);

plot UpArrow= if close > close[1] AND volume > AvgVol then low else double.NaN ;
UpArrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
UpArrow.SetDefaultColor(color.blue) ;
UpArrow.SetLineWeight(1);

plot DnArrow = if  close < close[1] AND volume > AvgVol  then high else double.NaN ;
DnArrow .SetPaintingStrategy(PaintingStrategy.ARROW_down);
DnArrow .SetDefaultColor(color.magenta) ;
DnArrow .SetLineWeight(1);

 

[richlabz]

@crawford5002

AssignBackgroundColor( if percentOf30Bar >=200 then color.Dark_GREEN else  if percentOf30Bar >= 100 then color.yellow else  if percentOf30Bar < 100 then color.red else color.black);

Any way to add an alert to this? if >=200?, i just tried but my coding skills are still new

 

[MerryDay]

Any way to add an alert to this? if >=200?, i just tried but my coding skills are still new

Alert(percentOf30Bar >=200, ">=200", Alert.Bar, Sound.Chimes);

 

[richlabz]

Alert(percentOf30Bar >=200, ">=200", Alert.Bar, Sound.Chimes);

Thank you, it doesn't seem to work. Is this because its in the watchlist? Ive never used an alarm within a watchlist before.

 

[MerryDay]

Thank you, it doesn't seem to work. Is this because its in the watchlist? Ive never used an alarm within a watchlist before.

Can't use an alarm in a watchlist.
Read more here: https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-58010