Cumulative Volume By Time Indicator for Think or Swim

This indicator is similar to the Relative Average Volume by Time script I did. Rather than comparing the current bar’s volume to the average volume for the same bar in the past, this script compares cumulative volume at each bar with what it was on past days.

To further explain, this next plot shows just the cumulated volume during each day, which is just the sum of all volume up to each bar:

My Cumulative Volume by Time indicator averages these profiles over the last N days (however many days are in your chart) and compares the current day’s cumulative volume to the average. If it is above average, the bar is yellow, and if below, it is gray. This can be useful to tell you if the current day’s volume activity is above or below average, possibly indicating if the market is active or likely to be lifeless.

This indicator is also free. Get “CumulativeVolumeByTimeSTUDY.ts” at my Google site under “Released Thinkscript Studies“. Thanks for reading, and thanks to my donors for your support!

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5 Responses to “Cumulative Volume By Time Indicator for Think or Swim”

  1. Prospectus – Cumulative Volume By Time Indicator for Think or Swim » ThinkOrSwim | marketHEIST.com Says:

    […] To further explain, this next plot shows just the cumulated volume during each day, which is just the sum of all volume up to each bar Continue to Cumulative Volume By Time Indicator for Think or Swim […]

  2. Fred Esch Says:

    I am a complete TOS newbie. Is there any way to use this indicator on a MarketWatch Quotes page? If so, would you be so kind as to describe how to do so?

  3. Prospectus Says:

    This indicator is too complex to work in the market watch columns as it stands. The functionality of the columns is more limited than what you can do running on a single chart.

  4. Fred Esch Says:

    Thank you for your rapid response. Are you aware of any suitable alternatives for use in the Market Watch columns?

  5. Steve Says:

    Hi, I was wondering if you could post the cumulative volume study, I did not see it on the released think script studies page. Thank you

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