This is a Supertrend indicator for ThinkorSwim created by Mobius. I use both in my scans and as a watchlist column. The Sizzle Index that features in the Scan Hacker scanning tool displays stocks with unusually high volume. I hope that helps. Altered default settings for values that … Create a new indicator in ThinkorSwim and import this code. Any one of the above should work intraday. Sizzle Index is a thinkorswim feature that allows you to find stock symbols that currently see an increase in the number of options traded compared to the last five days’ average.It is calculated as the ratio of the current total volume of put and call options to the arithmetic mean of daily put and call volumes over the last five days. Sizzle Index. … Both are built in. If the IV is currently 60, the IV index would be 100. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. ... thinkorswim® Mobile: thinkorswim® has advanced mobile trading capabilities that facilitate trade orders, charting, news, and even account funding. In today’s video, we’ll use some of our free ThinkOrSwim indicators to do some weekend homework.. Our ThinkOrSwim Put Call Ratio indicator (found in our Utility Labels) turned red, giving us a reason to be cautious heading into next week.. With the Utility Labels for ThinkOrSwim, we’ll take a broader view at all of our major ETFs and take a look to see what is bullish, bearish and neutral. I'm trying to create a custom scan to do daily in the morning based on premarket data, but I do not have a good understanding on how high unusual volume scans work. The How to Use Sizzle Index Click the Scan tab and choose Stock Hacker from the sub-tab row. How to create an unusual volume stock scan? What's new in V03.10.2015 Added Bubbles to mark entry and exit prices. Sizzle Index is a thinkorswim feature that allows you to find stock symbols that Individual call and put Sizzle Index values are also calculated and available as watchlist columns. Doesn't give much time to follow into trade, but better than guessing. I noticed thinkorswim has something called the sizzle index based on options volume. So if over a year, the stock had a 30-60 IV range and the current IV is 30, the index would be 0. One thing, Stock Sizzle will not work on Android. It may as well be called “Relative Options Volume” because in effect it’s the ratio between total-option volume on a given day to the average total-daily option volume for the previous five trading days. When a stock suddenly increased or decreased in trading volume, that means it's being traded at an unexpectedly high level and a lot of traders often take advantage of this. What are the parameters that go into creating an unusual volume scan for stocks? Sizzle Index is for options, Stock Sizzle is for stock. On TOS, the Volatility Index is a measure of where the current IV sits in the 52 week scale of past IV. The third metric—the sizzle index—is a number you’ll find only on the thinkorswim platform. Here is a scanner that will help you screen for stocks with unusual volume in ThinkorSwim. Our proprietary Sizzle Index™ quickly compares the day’s movements against the five-day average volume and volatility, so you can easily spot unusual conditions.