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Volume UP/Down Ratios
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Volume UP/Down Ratios

  #1 (permalink)
Trading Apprentice
Los Angeles, California USA
 
Futures Experience: Intermediate
Platform: Thinkorswim
Favorite Futures: E-mini's all
 
Posts: 1 since Dec 2013
Thanks: 0 given, 0 received

Volume UP/Down Ratios

Hello everyone - I have just started looking at programing in ThinkScript - I have been using Worden2000 and programing there is very, very easy.

Currently on TOS I have a study that shows me an UP/DOWN ratio on the $VOLD (Up Volume - Down Volume).
It looks like this:

def U = close("$UVOL");
def D = close ("$DVOL");
def UDL = U - D;
def UDR = if U > D then U / D else -D / U;
input mode = {default Ratio, Issues};
def modeSwitch = if mode == mode.Ratio then 1 else 0;
AddLabel(yes, concat(
if modeSwitch then UDR else UDL, concat(" ",
if modeSwitch then ":1 U/D RATIO" else " U/D LINE")),
if modeSwitch then if UDR > UDR[1] then color.green else color.red else if UDL > UDL[1] then color.green else color.red);
plot null = double.nan;

This puts a green or red label on the $VOLD chart and gives me an indication of strength of the move - ie 2.2 to 1 or 3.5 to 1 etc, etc.

What I want to do, and I don't have a clue as to how to do it, is to actually PLOT the U/D ratio on a chart (line or candles) rather than just be a label.

I also have a similar ThinkScript for $ADVN-$DECN (advancers - decliners) (Also have it for Q's)

Can anyone point me in the right direction to get this plotted?

thanks

Harald

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  #2 (permalink)
Elite Member
Edmonton, Alberta
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: nq
 
Posts: 55 since Jan 2012
Thanks: 27 given, 57 received

I think Brad and Peter at Shadow Traders have this on their website. Video regarding market internals on TOS

Created by Camtasia Studio 5

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