How To Add Dollar Volume ($Vol) On TD Ameritrade ThinkOrSwim (TOS)

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by

Alex Winkler
in

Why

The reason I like $vol is that it allows me to quickly see how much $ is being traded that day. In the past, I would use vol but when you trade stocks in many price categories it is easier/faster for the eye to identify what’s trading the most that day.

How To Add

  1. Go to any table and click the gear icon. There will usually be 2 options (1. Customize… 2. No Sorting)
  2. Click Customize
  3. Go to the “Available Items” list and search for “Custom”
  4. Add A Custom field to your current set
  5. Find the new custom field in your current set and click edit formula
  6. Click on “thinkScript Editor” and add formula below
  7. Give custom column name at the top
  8. Make sure the time Variable is set to “D” for Day (this is found directly to the right of the custom name field) and “FX Price Type” is “Last”

Formula

plot DollarVolume = Round("number" = (hl2 * volume / 1000000), "numberOfDigits" = 1);

Share Link

http://tos.mx/EpqSl63

P.S. Thanks to my friend Mike who I met at the T&I Summit in Florida this year who informed me about this metric and showed me how to add it to my TOS account.