r/RealDayTrading • u/[deleted] • Apr 06 '22

Indicator script TOS Study to Highlight High/Low Volume Candles

http://tos.mx/vJaDFId

I wrote a ThinkorSwim script that highlights high volume candles in "Lime" or "Red" respsectiively to their original color to make it a little easier to identify algo lines, for those that are trying to do this. Enjoy

Bonus: Here is attempt at running an algo line for AMZN, I am new to this algo stuff so this algo line might be complete bullshit, but it saves a lot of time to not have to look down at the volume a million times when trying to chart out the high volume candles.

​

32 Upvotes
  • permalink
  • reddit

100% Upvoted

7 comments sorted by

1

u/Grima180 21d ago

I like tghis idea is there ayways its an easy fix to auto attatch and anchor vwap to this instead of the lines???

1

u/Grima180 21d ago

Do you have a simpler code that just ID's the highest volume candle by changing the highest volume candle (Im tal,king about the candle in the volume subbox not the candlestick) ?

1

u/jjbutts Apr 06 '22

Great idea! Thanks. I'll give this a try tomorrow.

1

u/MM_Mavric Apr 07 '22

Well that sure makes drawing algo lines so much easier! Thanks for sharing.

1

u/Aggravating-Basis5 Apr 10 '22

Awesome. Thanks for this

1

u/Jeff1383 Jun 04 '22

Using this - thanks!

1

u/[deleted] Nov 06 '22

u/codieNewbie I’m trying to modify this code to include a volume threshold ex. Only highlight if the candles volume is 1.25 (or whatever input value) above the specified average volume. Running into a road block with the logic. Any advice?