Need help with a simple TOS script

September 13th, 2018, 11:30 AM

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.

September 13th, 2018, 12:00 PM

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)

September 13th, 2018, 04:30 PM

traderbones

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);

September 14th, 2018, 08:00 AM

Thank you both for your quick responses!

Need help with a simple TOS script

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Need help with a simple TOS script