VBox for Thinkorswim


I recently watched a video by Scott Landers which described a method by which he uses volume to determine significant areas of support / resistance on intra-day charts. His method seemed like it could be a useful tool to add to my intra-day trading strategy, so I wrote some code for it.

I recommend watching the video to get a better idea of what this ThinkScript is designed to do. The short version is that volume is an important indicator of market sentimentality and may be used as a tool to determine potential areas of support and resistance.