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I have been studying Price Volume Analysis for a while now and have really been struggling with interpreting the Volume piece. This is going to be a game changer for me. Thank you so much!!! And your Video is so succinct. Great job!
This is awesome! I struggled writing a script to split the "Bid" and "Ask" information on Volume, thanks for sharing the thinkScript. It works well on my ThinkOrSwim.
This code does not use buy and sell volume (that data is not available to the end user to use in scripts). It uses the candle information (def Buying = V * (C - L) / (H - L); def Selling = V * (H - C) / (H - L);) to make a very rough guess at what the buy-sell volume might be. It really does not tell you anything you can't see by just looking at the candles. That said, I think your work on other videos is outstanding.
My goodness you are the best teacher ever on YT!. your explanation is super simple and straight and easy to follow. I appreciate all the hard work you are putting in to write these scripts!!!!. you got a new follower!.
Thanks for this indicator, I have made a few modifications to it and incorporated it into my trading strategy. I'll just say that this coupled with a volatility indicator has supercharged my options trading in a major way. I am still making functional and visual modifications here and there yet I have found this volume indicator the most useful in identifying opportunities on days where the price trades outside of it's normal range with at least 85% buying or selling volume.
Best modification I've ever installed on my TOS desktop app... That is until I realized every time I log out, then, log back in next day my "advanced volume bars" subgraph mysteriously disappears, leaving me with NO volume graph at all. It then takes 15 minutes to reinstall it to all 7 of my charts. My guess is you're probably not going to explain what needs to be done to ameliorate this situation. The advanced bars are terrific though ~ worth the 15 minute reinstallation time.
If you want to save it after the next time you add it, right click on your chart, the go down to the bottom and choose "studies">save study set, name it and from there you are able to load it to any chart that you want quickly. The only thing you would do is start a new chart, right click on it and choose "load study set" and then choose the name of the set that includes this study script. I hope this helps.
Althought the people at TD Ameritrade are good people; they are technical and not marketing types. I have to say your presentations are 10 times easier to understand and better than the staff from TD Ameritrade. Thank you.
WOW!!! Super dope script and video that fully explains everything and all in under 10 minutes!! Glad I found this today and I'm subscribing right away. Thanks man.
This is great, and it would be even better if AH volume was added too, that would give an idea as to whether ah is getting more attention or not. Thanks for the video.
@@shortthestrike Hi, i just wanna understand more about buy side and sell side on the volume bar itself. A bar represents the total volume transacted on the set period. If 100 shares transacted on that period. 100 shares were sold by somebody and 100 shares were bought by somebody. So what does it mean by sell side and buy side in that particular volume bar?
I was looking for something like this. Not sure why the premarket volume seems off in some charts though. I love this as it give me a better looking indicator.
thank you so much, don't stop, i want to learn to read the tape one day . thanks for all you do. really appreciate it. loaded this thanks to you im new to tos.
Thinkorswim mobile doesn't show me the buy and sell volume. Do you know a website that can show me this, or if I can edit volume on the mobile app so that I can see buy and sell volume?
Thank you, this works very well! Do you know if there is a script available that will show what percentage a position is of your entire porfolio? Or maybe a future video on how to make a ThinkScript for displaying this as a column in the Monitor tab/Position Statement?
This is great! Thanks for sharing and doing a very good job at being concise. Much appreciated. Is there a way to show the buyers vs sellers through numerical format? Either in volume, or something I was thinking would be cool, through the 'time and sales' i.e. "the tape"? That would be very useful. Let me know, please, if you're able to. Thanks again :)
Thank you very much for sharing your script !! Great video too. Wondering if the same can be done with the volume column in the Active Trader. That way it would be easy to graphically see up and down volume at certain price point instead of time. Thanks again.
Hi, I realize your script is for regular trading day. However, would the script still works (the calculations?) if the "AggregationPeriod" is changed from DAY to Week? I've made the change (test only) on ToS and the script ran (volume data displayed for 3Y Wk time frame). Since the data displayed which means the script didn't break but I'm unsure if the volume calculations are correctly reflecting the week time frame? Also, great how-to ToS contents, thank you. AddLabel(yes, "Total Vol: " + volume(period = AggregationPeriod.week), Color.WHITE);
Very interesting video, but where can I get the "text" for this custom volume script to paste it ??? I would really appreciate if you can send it to me or tell me where can I find it please
I've been trying to figure out how to script /plot premarket volume for everyday to compare and see when it's a low pre market vs high volume premarket.
Love the video but one question so I installed it and I changed it to the 10 day average volume and I usually use a 5 minute chart but when I look at the ameritrade desktop or app they are set to 10 day average volume and their 10-day average volume is way different from what this will indicate like million or shares different even on like Apple or big name stocks. Is the ameritrade app and desktop not accurate?
When I implemented the custom script everything worked find but the price axis is in the millions. How do I change the price axis to show the stock price?
Is there a way to add this as a subgraph like the default Volume subgraph to the chart? I tried moving it to the Price section and even Volume section in studies but the candles end up taking over the entire screen. It only seems to work if it's in the 'Lower' portion of your studies.
Hi .. I see monthly subscriptions .. what does the whale subscription do .. Is there any trial to check how it works.. !! Also , in below script .. the total Volume figure doesn't show in Chart ..
Dear StS. I noticed "pre-market" volume figures are huge compared to "Total Vol", etc. Is pre-market vol that high at any time of the day and for any instrument we chart?
I Only SEE the [ Cur Bar Sell % :50 ] Not the other % Boxes [ Total Vol: ] [ CurrentBar Vol: ] [ PreMarket Vol: ] they don't show up on line #2 in scrip I wish i could SEE it all, it would help ! Thank you !!! Thank you !!! Thank you !!!
The script is very helpful thank you , however I think if you can get more out of it. if It would tell how much the volume was 1 min ago,3 min ago ,5 min ago with price change (if any)
@Rafael Martinez Actually looking at it today I see I have a plot line at bottom to show a line which then you can color to fill in the space. plot ZeroLine = 0 ; ZeroLine.SetDefaultColor(GetColor(0));
I was using VolAvg indicatore before your indicator and by accident I had them both in the same windows and I notice that even thou your script is Volume Avg is 50 and defualt indicator is same there is quite bit of difference in the avg yellow line, can you check? I will see If can attach a small screenshot
thanks so much for this. i was wondering if it's possible to make the total volume numerical values follow the colors as well (green when positive, red when negative)? on the regular volume study it does this but it's missing from this thinkscript and only shows a single color that you pick
This video is very misleading. The script defines Buying volume as V * (C - L) / (H - L) and Selling volume as V * (H - C) / (H - L), which are NOT buying/selling volume. Furthermore, the script displays a volume average line of 20, not of 50 as he says in the video.
Hi, i just wanna understand more about buy side and sell side on the volume bar itself. A bar represents the total volume transacted on the set period. If 100 shares transacted on that period. 100 shares were sold by somebody and 100 shares were bought by somebody. So what does it mean by sell side and buy side in that particular volume bar?
Really good question! When you purchase stock, you're not buying it from another person out there in the world wanting to sell their shares. You're generally buy/selling from a market maker or an exchange. Their business model is based on transactions not on being directional. So you side of the trade is reflected in the time and sales information not the market maker/exchange taking the other side of the trade. Let me know if that helps clear things up!
For some reason this isnt working for me. Not sure why. I am copying the entire script and pasting as is. It gets added but has no information, just a blank study box. No error message either. Any suggestions? Thank you
🛠Just launched my trading journal! If you trade stocks, options, futures, or crypto, give it a try with a 7-day free trial and let me know what you think! traderlog.io/
You said you would post the code below? Where? I do not see it
I have been studying Price Volume Analysis for a while now and have really been struggling with interpreting the Volume piece. This is going to be a game changer for me. Thank you so much!!! And your Video is so succinct. Great job!
This is awesome! I struggled writing a script to split the "Bid" and "Ask" information on Volume, thanks for sharing the thinkScript. It works well on my ThinkOrSwim.
Its not even using the bid/ask information in the calculation. It simply calculates the % based on spread between Close to Low and Hight to Low.
This code does not use buy and sell volume (that data is not available to the end user to use in scripts). It uses the candle information (def Buying = V * (C - L) / (H - L);
def Selling = V * (H - C) / (H - L);) to make a very rough guess at what the buy-sell volume might be. It really does not tell you anything you can't see by just looking at the candles.
That said, I think your work on other videos is outstanding.
i kind of agree. i was initially looking for something that separates out the buy/sell but now that i look at it, it's very hard to read haha
Really a great script. One can see the volume build/wane and buying/selling pressure BEFORE the close of the bar.
My goodness you are the best teacher ever on YT!. your explanation is super simple and straight and easy to follow. I appreciate all the hard work you are putting in to write these scripts!!!!. you got a new follower!.
Thank you!!
same here!
Thanks for this indicator, I have made a few modifications to it and incorporated it into my trading strategy. I'll just say that this coupled with a volatility indicator has supercharged my options trading in a major way. I am still making functional and visual modifications here and there yet I have found this volume indicator the most useful in identifying opportunities on days where the price trades outside of it's normal range with at least 85% buying or selling volume.
Exatcly what I was looking for. Clean, understandable, and you even put the script on the page!!!! Thank you! Subscribed!
You seriously make the best financial content on all of UA-cam……. and that’s me being succinct.
Thank you!!
Best modification I've ever installed on my TOS desktop app... That is until I realized every time I log out, then, log back in next day my "advanced volume bars" subgraph mysteriously disappears, leaving me with NO volume graph at all. It then takes 15 minutes to reinstall it to all 7 of my charts. My guess is you're probably not going to explain what needs to be done to ameliorate this situation. The advanced bars are terrific though ~ worth the 15 minute reinstallation time.
If you want to save it after the next time you add it, right click on your chart, the go down to the bottom and choose "studies">save study set, name it and from there you are able to load it to any chart that you want quickly.
The only thing you would do is start a new chart, right click on it and choose "load study set" and then choose the name of the set that includes this study script. I hope this helps.
Your are the Man!!! It didn't worked until i deleted the last row-stop...!!. Thank you!!!
Althought the people at TD Ameritrade are good people; they are technical and not marketing types. I have to say your presentations are 10 times easier to understand and better than the staff from TD Ameritrade. Thank you.
Thank you so much!
WOW!!! Super dope script and video that fully explains everything and all in under 10 minutes!! Glad I found this today and I'm subscribing right away. Thanks man.
Glad it was helpful!
This is great, and it would be even better if AH volume was added too, that would give an idea as to whether ah is getting more attention or not. Thanks for the video.
I’ll see what I can do!
@@shortthestrike Hi, i just wanna understand more about buy side and sell side on the volume bar itself. A bar represents the total volume transacted on the set period. If 100 shares transacted on that period. 100 shares were sold by somebody and 100 shares were bought by somebody. So what does it mean by sell side and buy side in that particular volume bar?
Hello. Can you use this indicator on the one minute timeframe for accuracy?
You are the BEST at what you do.
The finest! Looking forward to more tips on Day Trading Strategies. Your teacher qualities shine through your presentation.
New Thinkorswim user here. Excellent content. Liked and subscribed. thanks!
Excellent study. Thank you very much.
very nice of you to share this, been wanting to do this for a while now thank you so much
Thank you for your video that make me undersatnd more volume of daytrading ;))))))
Thank you for sharing your BuySellVol script
thanks!!!!! been looking for these volume bars forever!!!!
Thanks man, I gonna try it and see what can I do.
I was looking for something like this. Not sure why the premarket volume seems off in some charts though. I love this as it give me a better looking indicator.
thank you so much, don't stop, i want to learn to read the tape one day . thanks for all you do. really appreciate it. loaded this thanks to you im new to tos.
Thank you!
lets goooooo this actually worked, thank you so much!!!!!
Thanks for the script. How do you get your bars so clear like that? My candles and volume bars are very thin.
Thanks for this. My question. What does the orange horizontal line indicate please?
Nice work!! Where is the script you referred to for copying?
You should see it in the pinned comment!
Found it Thank You!!
@@daveg.9939 Thank You!!!
Thinkorswim mobile doesn't show me the buy and sell volume. Do you know a website that can show me this, or if I can edit volume on the mobile app so that I can see buy and sell volume?
Thank you, this works very well! Do you know if there is a script available that will show what percentage a position is of your entire porfolio? Or maybe a future video on how to make a ThinkScript for displaying this as a column in the Monitor tab/Position Statement?
This is great! Thanks for sharing and doing a very good job at being concise. Much appreciated.
Is there a way to show the buyers vs sellers through numerical format? Either in volume, or something I was thinking would be cool, through the 'time and sales' i.e. "the tape"? That would be very useful. Let me know, please, if you're able to.
Thanks again :)
Thank you very much for sharing your script !! Great video too. Wondering if the same can be done with the volume column in the Active Trader. That way it would be easy to graphically see up and down volume at certain price point instead of time. Thanks again.
works like a charm, thank you so much! exactly what i needed :) liked the vid!
Thanks!!
Hi! Thanks for the video
I am facing and issue on 1 minute chart. It does not show the pre market volume. How can I fix this?
This feature of sell/buy volume is very helpful. Would you please share the script? Thanks!
Hi; Do you have a buy and a sell arrow indicator scripts / code or share link? Thank you so much for sharing this video. Really appreciate it!
Really helpful script. Thanks so much for sharing!
Glad it was helpful!
This is seriously great - thank you!
Glad it was helpful!
Thank you for the script.
Thank you so much for doing this!
Hi! Where is the TOS script for this indicator? You mentioned its below the video but I don't see it....thanks!
Thanks for the script! can you please add current bar buy/sell % label as well?
good job with the script bro...
Hi, I realize your script is for regular trading day. However, would the script still works (the calculations?) if the "AggregationPeriod" is changed from DAY to Week? I've made the change (test only) on ToS and the script ran (volume data displayed for 3Y Wk time frame). Since the data displayed which means the script didn't break but I'm unsure if the volume calculations are correctly reflecting the week time frame? Also, great how-to ToS contents, thank you.
AddLabel(yes, "Total Vol: " + volume(period = AggregationPeriod.week), Color.WHITE);
You are the man!
Very interesting video, but where can I get the "text" for this custom volume script to paste it ??? I would really appreciate if you can send it to me or tell me where can I find it please
Great script. Do you have similar for Trading View?
I may try to write on in Pinescript using this concept
Genius. Thank you.
Amazing man. Thank you !
Best info always thanks
So great. THanks.
Good stuff. thanks. Keep it up.
I've been trying to figure out how to script /plot premarket volume for everyday to compare and see when it's a low pre market vs high volume premarket.
Game changer
Just watched the great video, but don’t see a script to copy and load. Help please!!
It’s in the pinned comment of this video!
Love the video but one question so I installed it and I changed it to the 10 day average volume and I usually use a 5 minute chart but when I look at the ameritrade desktop or app they are set to 10 day average volume and their 10-day average volume is way different from what this will indicate like million or shares different even on like Apple or big name stocks. Is the ameritrade app and desktop not accurate?
When I implemented the custom script everything worked find but the price axis is in the millions. How do I change the price axis to show the stock price?
You are a godsend
Is there a way to add this as a subgraph like the default Volume subgraph to the chart? I tried moving it to the Price section and even Volume section in studies but the candles end up taking over the entire screen. It only seems to work if it's in the 'Lower' portion of your studies.
Hi .. I see monthly subscriptions .. what does the whale subscription do .. Is there any trial to check how it works.. !! Also , in below script .. the total Volume figure doesn't show in Chart ..
Dear StS. I noticed "pre-market" volume figures are huge compared to "Total Vol", etc. Is pre-market vol that high at any time of the day and for any instrument we chart?
hi,
I could not find the script for 'Custom Buy and Sell Side Volume Indicator', can you pls' post in the comments section.
Hi, I am in the CST time zone, should I change my Pre-Market input startTime to 0600 and my endTime to 1129
Thank you so much
I Only SEE the [ Cur Bar Sell % :50 ] Not the other % Boxes [ Total Vol: ] [ CurrentBar Vol: ] [ PreMarket Vol: ]
they don't show up on line #2 in scrip
I wish i could SEE it all, it would help ! Thank you !!! Thank you !!!
Thank you !!!
Where could I find the scrip? I don't see any kind of link or something...
great script
The script is very helpful thank you , however I think if you can get more out of it. if It would tell how much the volume was 1 min ago,3 min ago ,5 min ago with price change (if any)
Thank you !
love this
thank you for useful info
@shortthestrike What can I do to show the bars on 1D 1m chart? It only works on 1Y 1D or greater. Thanks btw.
Can you use this for the 1 minute time frame?
What does the 400,929,50 stand for? (Study tab, lower)
What I do is I select, “DUPLICATE” study or strategy and this way the original is always protected.
Great indicator! I notice a gap/space under the bars that the regular volume bars does not have. How can we get the bars to start fro the very bottom?
I have this same problem, any fix?
@@RafaelMartinez-mb6up Nope, still have the gap.
@Rafael Martinez Actually looking at it today I see I have a plot line at bottom to show a line which then you can color to fill in the space.
plot ZeroLine = 0 ;
ZeroLine.SetDefaultColor(GetColor(0));
I was using VolAvg indicatore before your indicator and by accident I had them both in the same windows and I notice that even thou your script is Volume Avg is 50 and defualt indicator is same there is quite bit of difference in the avg yellow line, can you check? I will see If can attach a small screenshot
Can this Indicator used as a Volume profile plot ?
The buy sell volume script only appears on a Daily chart. ??
I thought he showed the 1D 1m chart with it, but I can't get it to work either
Thank you so much!
Hope it helps!
Thank you.
I do not see the script for your custom volume setting. Could you please send me a copy.
Do you have a script like this for for Tradingview?
Thanks so much @shortthestike! This is incredibly useful!
thanks so much for this. i was wondering if it's possible to make the total volume numerical values follow the colors as well (green when positive, red when negative)? on the regular volume study it does this but it's missing from this thinkscript and only shows a single color that you pick
Yes you absolutely can. I'll have to make some adjustments to the script to that but it can be done
Thanks!!
Hello, where is the script? I don't see in the comment section. Please advise.
amazing thank you!
Glad you liked it!
hi i new in your channel how copy the scrip to my thinkorswin
Can anyone tell me why this volume indicator only works on daily charts? When I use weekly charts, this script is blank. Thanks!
This video is very misleading. The script defines Buying volume as V * (C - L) / (H - L) and Selling volume as V * (H - C) / (H - L), which are NOT buying/selling volume. Furthermore, the script displays a volume average line of 20, not of 50 as he says in the video.
Can someone provide a copy of the tos script - this is great indicator? thanks
Where do we find the script??
is there an update? it doesnt look like this on my app
Hi, i just wanna understand more about buy side and sell side on the volume bar itself. A bar represents the total volume transacted on the set period. If 100 shares transacted on that period. 100 shares were sold by somebody and 100 shares were bought by somebody. So what does it mean by sell side and buy side in that particular volume bar?
Really good question! When you purchase stock, you're not buying it from another person out there in the world wanting to sell their shares. You're generally buy/selling from a market maker or an exchange. Their business model is based on transactions not on being directional. So you side of the trade is reflected in the time and sales information not the market maker/exchange taking the other side of the trade. Let me know if that helps clear things up!
For some reason this isnt working for me. Not sure why. I am copying the entire script and pasting as is. It gets added but has no information, just a blank study box. No error message either. Any suggestions? Thank you
Take this shared item and load it as a shared item. The study will then be your study window under the name "Advanced_Volume_bar": tos.mx/7ZBn3Mn
Is this same script compatible with ToS Mobile?
pero de donde saco el script para compiarlo en Ameritrade