![]() We provide custom thinkScripts and tutorials to help people use the ThinkOrSwim trading platform from TD Ameritrade. All rights reserved.ĭISCLAIMER: WE ARE NOT CERTIFIED FINANCIAL ADVISORS AND NOTHING IN THIS WEBSITE IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, AND NEITHER ARE ANY OF THE PRODUCTS OR CONTENTS OF THIS SITE OR OUR SOCIAL MEDIA CHANNELS INTENDED TO INSTRUCT YOU ON HOW TO MAKE TRADING OR INVESTING DECISIONS. I’m finding the volume gradient to be a real value add, and especially on the tick charts: Example chart of KO with the new relative volume gradient paintbars indicator for Thinkorswim Get the Relative Volume study here!Ĭopyright © 2013-Present Ahyh LLC. Using the MA-based relative volume on tick charts lets you see an additional dimension of volume on the same graph (tick count bars combined with share count highlighting really adds additional depth of information).MA-based relative volume indicator can be used on tick charts, intraday minute charts, or daily and higher charts.This release really simplifies down the number of scripts and makes each more powerful and customizable.You can even hide the histogram altogether and just use the paintbars function to gauge volume and save screen space.High volume bars now immediately pop out visually on your chart without having to look down at the histogram.Added a MA BASED relative volume QUOTE COLUMN so you can see when a stock in your watchlist has surging volume on ANY timeframe you want (hourly, daily, etc).Added a TIME BASED relative volume QUOTE COLUMN so you can see when a stock in your watchlist has surging volume on whatever INTRADAY timeframe you want (5 minute, hourly, etc).Combined long term studies into 1 study with custom period reset (12 for monthly charts, 52 for weekly charts, 252 for daily charts). ![]() Simply add 2 instances if you want both relative tick count & share count on the same chart!
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