who has an option volume indicator for thinkorswim?
- Thread starter igorzivt
- Start date
The sizzle index is built-in to the scanner. You can read about it on the ToS site: https://tlc.thinkorswim.com/center/howToTos/thinkManual/Scan/Stock-Hacker/Sizzle-Index.html
You should be able to build a scan yourself fairly easily with the s/w. Are you just looking for abnormal volume?
Two things you could do. Plot a moving average and scan for abnormal above average volume.
The other would be to look for a volume spike over a span of time (say 2 weeks) or two months.
Everyone under the sun looks for abnormal volume so there should be plenty out there.
Two things you could do. Plot a moving average and scan for abnormal above average volume.
The other would be to look for a volume spike over a span of time (say 2 weeks) or two months.
Everyone under the sun looks for abnormal volume so there should be plenty out there.
Theres a configuration gear on the upper side of the chart window. In it you can select a box to show the volume subgraph in the options tab.
You mean horizontal lines on the chart with just the strikes on them? I'm a little confused.
One cool thing TOS does is, once you place an option order, TOS will post your order on the chart based on the theoretical price. Useful for putting an order inside of S/R levels.
level II quotes are displayed on the bottom of the chart. You can enable/disable it on the right side of the chart. Do you use level II for trading options?
EDIT oh I understand now. Yeah did the volume display on the chart for you properly?