![]() 5 Īddlabel(cond1, "Negative Price Convergence", color.red) Īddlabel(cond2, "Positive Price Convergence", een) Īddlabel(cond3, "Negative Volume Convergence", color.red) Īddlabel(cond4, "Positive Volume Convergence", een) Īddlabel(normprice > 0.9, "Price overbought", color.red) Īddlabel(normprice < 0.1, "Price oversold", color. Plot mean = if isNaN(close) then Double.NaN else. The reason is simple: You can't tell how. #Price ivolume full#To get the full picture, you need to also check the volume. Plot Range = (((Max - Min) * (c - ll)) / (hh - ll)) + Min The price changes in a stock tell you only part of the story. A blank volume cell within the days trading range. Hi Andre, In my data I have price and volume data for individual medications (e.g., drug A, drug B, drug C) and the conditions for which they treat (e.g., condition 1, condition 2, condition 3. Activity bar shading is the darkest at the start of a session and becomes progressively lighter throughout the session in half-hour increments. What Is a Price by Volume Chart (PBV) A price by volume (PBV) chart is a horizontal histogram plotted on a security's chart, showing the volume of shares traded at a specific price level. # Assembled by BenTen at ĭef bearish4 = (CLOSE > CLOSE AND CLOSE > CLOSE AND CLOSE > CLOSE AND VOLUMEAVG(LENGTH = 20) VOLUMEAVG(LENGTH = 20) AND VOLUMEAVG(LENGTH = 20) > VOLUMEAVG(LENGTH = 20) AND VOLUMEAVG(LENGTH = 20) > VOLUMEAVG(LENGTH = 20)) īull3.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP) ĭef bearish5 = (CLOSE > CLOSE AND CLOSE > CLOSE AND CLOSE > CLOSE AND CLOSE > CLOSE AND VOLUMEAVG(LENGTH = 20) VOLUMEAVG(LENGTH = 20) AND VOLUMEAVG(LENGTH = 20) > VOLUMEAVG(LENGTH = 20) AND VOLUMEAVG(LENGTH = 20) > VOLUMEAVG(LENGTH = 20) and VOLUMEAVG(LENGTH = 20) > VOLUMEAVG(LENGTH = 20)) īull4.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP) Īlert(bull3, " ", Alert.Bar, Sound.Chimes) Īlert(bear3, " ", Alert.Bar, Sound.Chimes) Īlert(bull4, " ", Alert.Bar, Sound.Bell) Īlert(bear4, " ", Alert.Bar, Sound.Bell) Volume at Price Level: Color-shaded activity bars display in the Vol Bars column that let you identify when the volume occurred during the session. # Based on the framework of Trend Exhaustion Indicator # Price Volume Divergence Indicator for ThinkorSwim ![]()
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