Thinkorswim custom scripts for ATR search select stocks by some characteristics: minimum ATR and average volume. It assumes that the buy volume = (Close - Low)/ (High - Low) * total volume and that the sell volume = (High - Close)/ (High - Low) * total volume. Select Studies> Add Study> All Studies> UW> Volume Profile. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. For illustrative purposes only. How To Set Up Volume Profile In Thinkorswim - OTC.Financial Futures, futures options, and forex trading services provided by Charles Schwab Futures & Forex LLC. To me, it looks like the script is simply calculating the buy volume and sell volume as price movement proportions obtained from values of the price candlestick and multiplying it by total volume. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Futures traders use it because it shows overnight trading activityoffering a clue as to how the next trading session might start. If you continue to use this site we will assume that you are happy with it. Join useThinkScript to post your question to a community of 21,000+ developers and traders. The symbol parameter defines a symbol to calculate the volume profile for. They offer a unique way to visualize price action. You are now leaving the TDAmeritrade Web site and will enter an How to set up the volume profile indicator in ThinkorSwim Description. Please read the Risk Disclosure Statement prior to trading futures products. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. TDAmeritrade is a trademark jointly owned by TDAmeritrade IP Company, Inc. and The Toronto-Dominion Bank. Not all clients will qualify. The volume profile is available as a study in the charting feature of thinkorswim. 2022 Charles Schwab & Co., Inc. All rights reserved. The volume profile is often shaped like a balanced bell curve. Chart Source: the thinkorswim platform from TD Ameritrade. Learning Center - VolumeProfile - Thinkorswim Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial.
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