Custom ThinkScript Indicator Scripts for the Think Or Swim Platform
Posted in Indicator on May 13th, 2009
Here is a bit of a twist on my earlier Up/Down Volume Ratio study. Rather than plot the ratio of an underlying equity or future contract, this study averages the volume of the /ES, /YM, /NQ, and /TF and performs the same calculations. In essence, I’m trying to see if more of the volume is [...]
Posted in Indicator on Jan 20th, 2009
This indicator attempts to capture the ratio of rising price volume to falling price volume. The display is an average of up bar volume divided by down bar volume. The mid line is the 50/50 ratio. A divergence between price and the indicator can signal non-confirmation of the trend. (Note: Initial positing of the code [...]
