Use ChatGPT to Build a Volume Indicator for ThinkOrSwim

[@TOSIndicators]

✅ Download link for the Volume Intensity indicator:
tosindicators.com/indicators/volume-intensity

[@andreialcaza]

Intresting video 👍

[@TOSIndicators]

Thanks!

[@BillyJ10]

That's an excellent idea for an indicator. Would be nice if you increased it to 7 tickers & default it to the "Mag 7".

[@TOSIndicators]

Thank you! You can add more symbols by copy/pasting more of the code block chunks.

[@virgilio1956]

will this work on futures ?

[@TOSIndicators]

It should!

[@tonykukush]

great stuff! i made another piece to this code combining intensities into one additional line.
def combinedIntensity = (intensity1 + intensity2 + intensity3 + intensity4 + intensity5) / 5;
plot combinedIntensityLine = if !IsNaN(close) then combinedIntensity else Double.NaN;
combinedIntensityLine.setPaintingStrategy(PaintingStrategy.Line);
combinedIntensityLine.setLineWeight(3);
combinedIntensityLine.AssignValueColor(
if combinedIntensity > 2 then color.Light_Green else
if combinedIntensity > 1.5 then Color.Green else
if combinedIntensity > 1 then Color.Dark_Green else
if combinedIntensity > 0.75 then Color.Dark_Red else
if combinedIntensity > 0.5 then color.Red else
color.Light_Red
);

[@TOSIndicators]

Nice addition! Thanks for sharing.

[@edwardsciacca8012]

why? volume is the total of buy's sell's to open and close break them up separate them then use them .