{"id":49659,"date":"2020-02-21T12:59:00","date_gmt":"2020-02-21T17:59:00","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=49659"},"modified":"2023-06-08T15:21:05","modified_gmt":"2023-06-08T19:21:05","slug":"a-script-you-can-use-for-your-volume-indicator","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator","title":{"rendered":"Optimize Your Trades: A Custom Script for Your Volume Indicator"},"content":{"rendered":"

In a recent YouTube video<\/a> we received many questions about a volume indicator one of our SMB Traders was using to display volume. The study color codes volume by the amount of volume on up-tick vs amount of volume on down-tick.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Use this script in TOS:<\/p>\n

#HINT: This study color codes volume by amount of volume on up-tick versus amount of volume on down-tick<\/span><\/p>\n

declare lower;<\/span><\/p>\n

def O = open;<\/span>
\ndef H = high;<\/span>
\ndef C = close;<\/span>
\ndef L = low;<\/span>
\ndef V = volume;<\/span>
\ndef Buying = V*(C-L)\/(H-L);<\/span>
\ndef Selling = V*(H-C)\/(H-L);<\/span><\/p>\n

# Selling Volume<\/span>
\nPlot SV = selling;<\/span>
\nSV.setPaintingStrategy(PaintingStrategy.Histogram);<\/span>
\nSV.SetDefaultColor(Color.Red);<\/span>
\nSV.HideTitle();<\/span>
\nSV.HideBubble();<\/span>
\nSV.SetLineWeight(5);<\/span><\/p>\n

# Buying Volume<\/span>
\n# Plot BV = Buying;<\/span>
\n# Note that Selling + Buying Volume = Volume.<\/span>
\nPlot BV = \u00a0volume;<\/span>
\nBV.setPaintingStrategy(PaintingStrategy.Histogram);<\/span>
\nBV.SetDefaultColor(Color.Dark_Green);<\/span>
\nBV.HideTitle();<\/span>
\nBV.HideBubble();<\/span>
\nBV.SetLineWeight(5);<\/span><\/p>\n

\"\"<\/p>\n

* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent YouTube video we received many questions about a volume indicator one of our SMB Traders was using to display volume. The study color codes volume by the amount of volume on up-tick vs amount of volume on down-tick.   Use this script in TOS: #HINT: This study color codes volume by amount of volume on up-tick versus … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":49662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2"],"yoast_head":"\nA Script You Can Use for Your Volume Indicator | SMB Training<\/title>\n<meta name=\"description\" content=\"Learn how to use a script for your volume indicator to improve your trading. Join us now!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Script You Can Use for Your Volume Indicator | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Learn how to use a script for your volume indicator to improve your trading. Join us now!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-21T17:59:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-08T19:21:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"863\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"Optimize Your Trades: A Custom Script for Your Volume Indicator\",\"datePublished\":\"2020-02-21T17:59:00+00:00\",\"dateModified\":\"2023-06-08T19:21:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png\",\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\",\"name\":\"A Script You Can Use for Your Volume Indicator | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png\",\"datePublished\":\"2020-02-21T17:59:00+00:00\",\"dateModified\":\"2023-06-08T19:21:05+00:00\",\"description\":\"Learn how to use a script for your volume indicator to improve your trading. Join us now!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png\",\"width\":1260,\"height\":863},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Optimize Your Trades: A Custom Script for Your Volume Indicator\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\",\"name\":\"smbcapital\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Script You Can Use for Your Volume Indicator | SMB Training","description":"Learn how to use a script for your volume indicator to improve your trading. Join us now!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator","og_locale":"en_US","og_type":"article","og_title":"A Script You Can Use for Your Volume Indicator | SMB Training","og_description":"Learn how to use a script for your volume indicator to improve your trading. Join us now!","og_url":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2020-02-21T17:59:00+00:00","article_modified_time":"2023-06-08T19:21:05+00:00","og_image":[{"width":1260,"height":863,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png","type":"image\/png"}],"author":"smbcapital","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"smbcapital","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator"},"author":{"name":"smbcapital","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a"},"headline":"Optimize Your Trades: A Custom Script for Your Volume Indicator","datePublished":"2020-02-21T17:59:00+00:00","dateModified":"2023-06-08T19:21:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator"},"wordCount":153,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png","articleSection":["General Comments"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator","url":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator","name":"A Script You Can Use for Your Volume Indicator | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png","datePublished":"2020-02-21T17:59:00+00:00","dateModified":"2023-06-08T19:21:05+00:00","description":"Learn how to use a script for your volume indicator to improve your trading. Join us now!","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2020\/02\/VolumeBar.png","width":1260,"height":863},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/a-script-you-can-use-for-your-volume-indicator#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Optimize Your Trades: A Custom Script for Your Volume Indicator"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a","name":"smbcapital","url":"https:\/\/www.smbtraining.com\/blog\/author\/smbcapital"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/49659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/290"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=49659"}],"version-history":[{"count":6,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/49659\/revisions"}],"predecessor-version":[{"id":55695,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/49659\/revisions\/55695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/49662"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=49659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=49659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=49659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}