Support Board
Date/Time: Sat, 24 May 2025 11:38:32 +0000
volume at price threshold alert v2 question
View Count: 454
| [2023-08-02 06:04:12] |
| User486817 - Posts: 83 |
|
hello, on the volume at price threshold alert v2 indicator, is Trigger 0 (sg1) always the latest imbalance in a bar? if not, is there a way to reference only the latest imbalance in a formula? best regards, |
| [2023-08-02 16:35:12] |
| John - SC Support - Posts: 40015 |
|
By chance, the code for the Volume at Price Threshold Alert Indicator V2, works from the bottom of the bar upward. So when Trigger 0 is non-zero, it is giving the price of the lowest value in a bar at which an alert is true. Then comes Trigger 1, Trigger 2, etc.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-08-03 00:57:30] |
| User486817 - Posts: 83 |
|
hello, thank you for your reply john. one quick add-on question -- if the percentage threshold is set to a negative value, does the code flip and look for the highest value in the bar at which the alert is true? thanks again for clearing this up. kindest regards, |
| [2023-08-03 14:29:28] |
| John - SC Support - Posts: 40015 |
|
Setting a negative threshold does not make any difference on how the code goes through the data. It is always starting at the bottom of the bar and moving up one price at a time and setting the "trigger" when the condition is true at that price. Again, always starting with Trigger 0 and then going up in consecutive order. We do want to point out that although we do not expect this to change, and we do not see any reason for a major update to that study, there is always a possibility that the functionality could change and it is not something we would announce, as this is really an internal mechanism. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-08-04 01:25:08] |
| User486817 - Posts: 83 |
|
thanks John, i really appreciate the thorough answer. i'm not a programmer (yet) but i'm gradually moving in that direction so i can access more advanced aspects of SC and you answer helps. i really appreciate the service. kindest regards, |
| [2023-08-04 13:01:45] |
| John - SC Support - Posts: 40015 |
|
I will admit that you got a little lucky in that I have done some work in that part of the code, so I am aware of how it works.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
To post a message in this thread, you need to log in with your Sierra Chart account: