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ThinkorSwim Edition

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Features

Number 1

Up/Down Volume Ratio

013 number 2

Daily Closing Range

024 number 3

Weekly Closing Range

Number 4

Average Dollar Volume

Number 5

Optionable Label

Up/Down Volume Ratio

The Up/Down Volume Ratio Label is calculated by dividing the volume on up days with the volume on down days over a span of 50 Days or 20 Days depending on the number of days the symbol has been publicly listed on the markets.

If U/D is greater than or equal to 1 the label is green. If U/D is less than 1 the label is red. The U/D Ratio will not match MarketSmith as it’s calculated differently.


Daily Closing Range / Weekly Closing Range

Closing Range


The Daily/Weekly Closing Range is calculated as highlighted above. Our blog: Price and Volume Basics covers the importance of Daily/Weekly Closing Ranges.


Average Dollar Volume


Average Dollar Volume is a measure of liquidity for stocks. We calculate the Average Dollar Volume over a span of 50 Days or 20 Days depending on the number of days the symbol has been publicly listed on the markets.


Optionable


Simply put: Does the ticker symbol have options available for purchase.

Instructions

  1. Launch ThinkorSwim on your computer
  2. Click Set Up on the top right of your ThinkorSwim application and click Open Shared Item
  3. Under Shared Item URL: https://tos.mx/GIFIOsV
  4. Click Preview then Click Import
  5. Right Click the Chart, look for Studies > Edit Studies
  6. Under Studies Tab search for TraderLion Enhanced Volume
  7. Double Click The Script to add it.
  8. Click Apply
Script instructions

Contributors

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