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Need help with a simple TOS script


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Need help with a simple TOS script
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   #1 (permalink)
Baltimore
 
 
Posts: 3 since Sep 2018
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Hello,

I'm looking for some help with a simple script I want to create. I'm awful with programming, so any help would be greatly appreciated.

I want to create a thinkorswim script for volume divergence with a smaller trading range (primarily for intraday trades). Here are the rules...

body = absolute value (open - close)

Body of candle 1 > body of candle 2
Volume candle 1 < Volume candle 2

So essentially its a smaller body candle formed on higher volume after a larger body candle. In an uptrend, if it could plot a dot or an arrow on the top of the second candle. And vice versa for a downtrend.

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Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
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Posts: 3,341 since Aug 2011
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I can't program either but I have a volume divergence indicator that I use on ToS.

Here is the original article that started me on that path and a picture.

Let me know if you care,

Dan

Current right edge of that chart. (not cherry-picked)

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Need help with a simple TOS script-kvo-article.pdf  
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Elite Member
Trubchevsk
 
Experience: Beginner
Platform: tos
Trading: stocks
 
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traderbones View Post
Hello,

I'm looking for some help with a simple script I want to create. I'm awful with programming, so any help would be greatly appreciated.

I want to create a thinkorswim script for volume divergence with a smaller trading range (primarily for intraday trades). Here are the rules...

body = absolute value (open - close)

Body of candle 1 > body of candle 2
Volume candle 1 < Volume candle 2

So essentially its a smaller body candle formed on higher volume after a larger body candle. In an uptrend, if it could plot a dot or an arrow on the top of the second candle. And vice versa for a downtrend.






declare upper;
def body = absvalue(open - close);
plot s = body < body[1] and volume > volume[1];
s.setPaintingStrategy(paintingStrategy.BOOLEAN_POINTS);

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Baltimore
 
 
Posts: 3 since Sep 2018
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Thank you both for your quick responses!

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