
In today's thinkScript tutorial, I'll show you how you can build a custom volume scanner to find momentum trades and new trends forming.
The scan that we're going to be building has 3 different volume conditions:
1. Volume must be greater than the average volume over the past 50 bars
2. Volume must be increasing, compared to the previous bar
3. Volume should be a green bar for bullish momentum, and a red bar for bearish momentum
Follow along the tutorial to learn how to build the scan yourself, or use the download links below to import the scan into ThinkOrSwim.
✅ DOWNLOAD INCREASING VOLUME SCANS:
https://www.tosindicators.com/scans/increasing-volume
For those interested, here is a download link for the Unusual Volume Scans, built previously:
✅ DOWNLOAD UNUSUAL VOLUME SCANS:
https://www.tosindicators.com/scans/unusual-volume
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⏱️ Here are video timestamps that might come in handy:
0:08 - Introduction
1:05 - Volume Average Indicator
2:40 - Basic Stock Filters
3:50 - Planning the Requirements
5:50 - thinkScript Coding
8:10 - Daily Scan Example
9:05 - Weekly Scan Example
9:40 - Bearish Volume Scans
10:40 - Conclusion
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✅ Download the Futures Volatility Box here:
https://www.tosindicators.com/volatility-box
✅ Download the Stock Volatility Box here:
https://www.volatilitybox.com/product/volatility-box-stock-early-invite/
✅ Watch the new Triple Pro Squeeze course here:
https://www.tosindicators.com/squeeze-course
#thinkScript #Volume #ThinkOrSwim
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