Plot price level line at the highs of candles when Volume is greater than average


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Hello Hahn,

Is it possible to create a study that plots price level lines at the highs of each daily candle that does above-average volume (VolumeAvg50 default)?

 

So in essence, the condition will be.

If the stock (at close) has done daily volume greater than its average volume (Volume> Volumeavg 50), plot a price level line at the high of that day’s candle.

This should work for previous candles only and never for the current day’s candle

 

Also now for the properties of the price level line

Color= Yellow

Width= 3

Name= Amount of volume done on the day

Show name= on the right

Left extension= off

Right extension= on

 

 

I have included a link to a screenshot below on how the code should function.

http://tos.mx/7mCd8S

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Posted by (Questions: 22, Answers: 63)
Asked on August 12, 2018 12:06 pm
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( at August 12, 2018 2:33 pm)
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There is no way to add or manipulate drawing objects from code on Thinkorswim. You can only create plots. As you know, plots do not have properties such as name, value, or left/right extension.

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Posted by (Questions: 37, Answers: 4087)
Answered on August 12, 2018 2:25 pm