Vertical Line when Volume of day crosses VolumeAvg(x)

nbn707

New member
Can anyone help me to add vertical line at the time (lets say on a 5min chart) at which Volume of the day surpassed VolumeAvg(20)? Thank you.
 
Solution
I'll go out on a limb and assume you want only regular trading hours volume... and we'll look at daily aggregated volume for the long average so this will not work as a scanner.
Code:
declare upper;

input length = 20;
def AvgVol = SimpleMovingAvg(VOLUME(period = AggregationPeriod.DAY), length);
def sumDayVol = if secondsFromTime(0930) >= 0 then sumDayVol[1] + VOLUME else 0;

AddVerticalLine(sumDayVol crosses above avgVol, text = "Daily Volume Above " + length + " day Average", color = Color.CYAN);

You can adjust the length of the average and it should run on whatever timeframe you have open, as long as it is day or shorter. If you want pre market, adjust the secondsFromTime() function to something earlier than 930.

Hope it helps...
I'll go out on a limb and assume you want only regular trading hours volume... and we'll look at daily aggregated volume for the long average so this will not work as a scanner.
Code:
declare upper;

input length = 20;
def AvgVol = SimpleMovingAvg(VOLUME(period = AggregationPeriod.DAY), length);
def sumDayVol = if secondsFromTime(0930) >= 0 then sumDayVol[1] + VOLUME else 0;

AddVerticalLine(sumDayVol crosses above avgVol, text = "Daily Volume Above " + length + " day Average", color = Color.CYAN);

You can adjust the length of the average and it should run on whatever timeframe you have open, as long as it is day or shorter. If you want pre market, adjust the secondsFromTime() function to something earlier than 930.

Hope it helps you
Trade Happy,
mashume
 
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

I'll go out on a limb and assume you want only regular trading hours volume... and we'll look at daily aggregated volume for the long average so this will not work as a scanner.
Code:
declare upper;

input length = 20;
def AvgVol = SimpleMovingAvg(VOLUME(period = AggregationPeriod.DAY), length);
def sumDayVol = if secondsFromTime(0930) >= 0 then sumDayVol[1] + VOLUME else 0;

AddVerticalLine(sumDayVol crosses above avgVol, text = "Daily Volume Above " + length + " day Average", color = Color.CYAN);

You can adjust the length of the average and it should run on whatever timeframe you have open, as long as it is day or shorter. If you want pre market, adjust the secondsFromTime() function to something earlier than 930.

Hope it helps you
Trade Happy,
mashume
Thanks a lot really appreciate it. I changed start time to 0700 to catch this condition meeting in premarket. One more follow-upm how do i get the vertical line to draw in in the middle of candle where the condition is met?
 
Thanks a lot really appreciate it. I changed start time to 0700 to catch this condition meeting in premarket. One more follow-upm how do i get the vertical line to draw in in the middle of candle where the condition is met?
Nope. Can't be done. The condition is calculated at the end of each bar. Just the way ToS does it.

-mashume
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
311 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top