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Volume Break study
Started:January 11th, 2016 (08:39 PM) by dutabao1 Views / Replies:504 / 1
Last Reply:February 10th, 2016 (01:22 AM) Attachments:0

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Volume Break study

Old January 11th, 2016, 08:39 PM   #1 (permalink)
Trading Apprentice
Chicago + IL/USA
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Stocks
Posts: 3 since May 2014
Thanks: 1 given, 0 received

Volume Break study

I wrote a TOS script for break down volume in to bid and ask. The script editor does not show any error, but the charts does not show anything. Could anyone help?

declare lower;

input length = 50;

def volAsk = volume(priceType="ask");
def volBid = volume(priceType="bid");
plot volDif = volAsk-volBid;
plot volDifAvg = Average(volDif, length);

volDif.DefineColor("Up", Color.UPTICK);
volDif.DefineColor("Down", Color.DOWNTICK);
volDif.AssignValueColor(if close > close[1] then volDif.color("Up") else if close < close[1] then volDif.color("Down") else GetColor(1));

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Old February 10th, 2016, 01:22 AM   #2 (permalink)
Elite Member
San Diego, CA/United States
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: Emini ES
Posts: 13 since Apr 2015
Thanks: 2 given, 3 received

I tested it and it doesn't show anything on mine either. It "may" be a limitation in thinkorswim.

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