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Thinkscript for scanning in Option Hacker


Discussion in ThinkOrSwim

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  #1 (permalink)
AlphaIQ
easton
 
Posts: 4 since Oct 2019
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I am trying to create a filter in the think or swim scanner. I want to know which options strikes have volume > open interest. I know we can do this for stocks but I think we need to write the thinkscript code to get it for options. Can anyone please help with this line of thinkscript code?

many thanks!


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  #2 (permalink)
VanDriver
Jackson, MS
 
Posts: 34 since Dec 2015
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TOS is unable to process that type of search in the option hacker scan. It requires knowing the specific option tag and then its specific volume and open interest. I suggest a temporary fix, such as described on the following linked page. Using the options chain columns, entering the provided free custom script, and letting it change the background color green if volume > open interest else red. They also discuss how to use this the options hacker tool volume setting and options setting as a limited ability scan

https://www.hahn-tech.com/ans/option-unusual-volume-open-interest-scans/


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