Technical Studies Reference


Volume At Price Threshold Alert

The Volume At Price Threshold Alert study gives an alert when the Bid Volume, Ask Volume or Total Volume at any price level within the current bar exceeds the specified threshold.

Both an audible and a text message alert is given. An email or SMS message can also be sent. The text message is displayed in Window >> Alert Manager >> Alerts Log. If you only want the text message, set the Bid/Ask/Total Volume Alert Input to No Alert.

This study has 3 Subgraphs, one each for Bid Volume, Ask Volume and Total Volume. By default the Draw Style for these are set to Ignore. If you set them to a visible Draw Style, then make sure the study is as far down in the list of Studies to Graph in the Chart Studies window as possible. Otherwise, the particular Draw Style you are using may be drawn behind other studies on the chart.

A study Subgraph can only draw one value at each chart bar. Therefore, for each chart bar, it is only possible to draw the particular Draw Style at one price level within the chart bar where the volume threshold was first detected. Therefore, even if multiple price levels within the Bar meet the Volume Threshold, each study Subgraph will only draw at one price level.

To verify if one of the threshold alerts is true at a particular chart column, you can use the Chart Values tool to examine any of the trigger values for a bar. If a trigger value is zero for a bar, then it is not triggered. Otherwise, there should be a marker at the trigger value.

Inputs

  • Bid Volume Threshold (Zero disables): This Input sets the Bid Volume value that has to be met or exceeded at any price level within the current bar to generate an alert.
  • Bid Volume Alert: This Input sets the Alert Sound Number to use when the Bid Volume Threshold has been met. To configure the Alert Sound Number, refer to Alert Sound Settings.
  • Ask Volume Threshold (Zero disables): This Input sets the Ask Volume value that has to be met or exceeded at any price level within the current bar to generate an alert.
  • Ask Volume Alert: This Input sets the Alert Sound Number to use when the Ask Volume Threshold has been met. To configure the Alert Sound Number, refer to Alert Sound Settings.
  • Total Volume Threshold (Zero disables): This Input sets the Total Volume value that has to be met or exceeded at any price level within the current bar to generate an alert.
  • Total Volume Alert: This Input sets the Alert Sound Number to use when the Total Volume Threshold has been met. To configure the Alert Sound Number, refer to Alert Sound Settings.

*Last modified Friday, 21st April, 2017.