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FreeIndicators·ThinkorSwim

Volume Intensity

Measures how forceful current volume is versus normal.

How to install in ThinkorSwim

  1. In ThinkorSwim, open a chart, then go to Studies → Edit Studies.
  2. Click Create, clear the editor, and paste the code.
  3. Name it, click Apply, then OK, and it draws on your chart.

How to Use — WeTradePro Volume Intensity

Volume normalized against its own average, so every ticker reads the same: how intense is this bar vs normal? Educational, not advice.

What it is (one line)

A colored histogram of volume divided by its own moving average — 1.0 is an average bar, 2.0 is twice normal — so climactic, high-conviction bars jump out and quiet bars fade, on any stock at any price.

Who it's for & best timeframe

Trader typeHow you use itBest timeframeNotes
Day traderBest fit — spot the breakout/exhaustion bar with real participation1-min – 15-minTier colors flag climactic bars instantly
Swing traderConfirm daily breakouts and reversals are backed by conviction volumeDailyHigh/climactic bars at S/R matter most
Position traderValidate accumulation/distribution at major levelsDaily / WeeklySustained high tiers = institutional interest

Best overall: Works on every timeframe. Day traders lean on the intraday climactic flag; swing traders use it to confirm breakout and reversal conviction on the Daily.

What you see (lower panel)

  • Histogram: volume as a multiple of its own average.
  • Gray = quiet (below quietMult, low participation).
  • Blue = normal.
  • Orange = high (at/above highMult).
  • Red = climactic (at/above climaxMult).
  • Dashed line at 1.0: the "normal" reference.
  • Labels: the exact relative-volume multiple (e.g. 2.3x avg) and its tier.

How to use it

  1. Confirm breakouts. A breakout on an orange/red bar has real demand behind it; a breakout on a gray/blue bar is suspect and prone to failure.
  2. Read climax. A lone red bar after an extended run can mark exhaustion (a buying/selling climax) — watch for reversal.
  3. Filter the noise. Gray bars = low participation; be skeptical of moves made on quiet volume.
  4. Watch accumulation. Repeated orange bars while price holds a level = something is being built (accumulation or distribution).

Settings (inputs)

  • length (20) — lookback for the "normal" volume baseline.
  • highMult (1.5) — threshold for the HIGH (orange) tier.
  • climaxMult (2.5) — threshold for the CLIMACTIC (red) tier.
  • quietMult (0.5) — below this is QUIET (gray).

Best on

  • Any liquid stock or ETF. Because it's normalized, it reads identically on a $5 stock and a $500 stock — that's the whole point. Avoid ultra-thin tickers where the average is unstable.

Common mistakes

  • Reading raw height instead of color — the tier color is the fast read; height is the detail.
  • Acting on a single climactic bar alone — pair it with price (breakout vs exhaustion context).
  • Too-short `length` — makes the baseline jumpy; 20 is a solid default.
  • Ignoring quiet bars — low volume is information too (lack of conviction).

Video script outline (for your WeTradePro tutorial)

  1. Hook: "Is 2 million shares a lot? Depends — so let's normalize it."
  2. Show the same setup on a cheap and expensive stock reading identically.
  3. The tiers: gray quiet, blue normal, orange high, red climactic.
  4. Breakout confirmation: orange/red good, gray/blue suspect.
  5. Climax reversal: the lone red bar after a run.
  6. Tuning the thresholds for your instrument.
  7. Recap + "import link in description."

Educational analysis, not financial advice.

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