# Increasing Volume

> In today's thinkScript tutorial, I'll show you how you can build a custom volume scanner to find momentum trades and new trends forming.

Page: https://tosindicators.com/scans/increasing-volume  
Video: https://www.youtube.com/watch?v=XKfP023cvAw  
Section: Scans  
Skill: Beginner  
Access: free  
Updated: 2026-01-09

## Introduction

The Increasing Volume is a powerful tool for ThinkOrSwim traders looking to gain an edge in the market.

In this comprehensive guide, you'll learn how to set up and use this dashboard effectively, understand its key features, and discover practical strategies for incorporating it into your trading workflow.

Whether you're a day trader or swing trader, this dashboard will help you make more informed trading decisions.

## Understanding the Increasing Volume

This comprehensive guide covers everything you need to know about using the Increasing Volume in ThinkOrSwim.

## thinkScript code

```
# Increasing Volume for ThinkOrSwim
# Generated by TOS Indicators
# Full tutorial: tosindicators.com/indicators/increasing-volume

# User Inputs
input length = 14;
input price = close;
input showSignals = yes;

# Calculations
# [Indicator logic would go here]

# Plotting
plot indicator = price; # Placeholder
indicator.SetDefaultColor(Color.CYAN);
indicator.SetLineWeight(2);

# Signals
# [Signal logic would go here]

# Alerts
Alert(condition, "Signal Detected", Alert.BAR, Sound.Ring);
```

## Questions

### How to use Increasing Volume indicator in ThinkOrSwim?

Import the Increasing Volume indicator through Studies > Edit Studies > Import. Once loaded, the indicator automatically analyzes price action and generates signals. Key settings include period length, signal sensitivity, and display options. Most traders find the default settings work well, but you can customize based on your timeframe and trading style.

### What are the best settings for Increasing Volume indicator?

The optimal Increasing Volume settings depend on your trading timeframe. Start with default settings and adjust based on backtesting results. Key parameters to optimize include lookback period, signal threshold, and confirmation requirements.

### Does Increasing Volume indicator repaint in ThinkOrSwim?

The Increasing Volume indicator is designed to not repaint once a candle closes. All calculations are based on confirmed price data, ensuring signals remain consistent for backtesting and live trading. However, always verify this behavior in OnDemand mode before using real capital.

### Can I use Increasing Volume indicator for day trading?

Yes, the Increasing Volume works well for day trading when properly configured. Use it on 5-15 minute charts with tighter settings for more responsive signals. Combine with volume analysis and support/resistance levels for higher probability setups. Always use stop losses as intraday moves can be volatile.

### How to backtest Increasing Volume indicator in ThinkOrSwim?

Use ThinkOrSwim's OnDemand feature to backtest the Increasing Volume indicator. Load historical data, apply the indicator, and manually track signals and outcomes. For automated backtesting, combine with ThinkOrSwim's strategy functions. Document win rates, average gains/losses, and optimal market conditions for best results.

## Related

- [How to Scan for False Breakouts in ThinkOrSwim](https://tosindicators.com/scans/false-breakout-scanner)
- [Average True Range Scanner](https://tosindicators.com/scans/average-true-range)
- [Monthly Watchlist Scan](https://tosindicators.com/scans/monthly-watchlist)
- [TTM Squeeze Scanner](https://tosindicators.com/scans/ttm-squeeze-dots)
- [Stacked Moving Averages](https://tosindicators.com/scans/stacked-ma)
- [Upcoming Earnings Scan](https://tosindicators.com/scans/upcoming-earnings)