Support Board

Date/Time: Wed, 15 May 2024 00:45:39 +0000

Post From: Large Volume Trade Indicator

[2017-02-03 00:43:10] Link To Thread - Link To Post [Go To First Post]
User104854 - Posts: 441
I have no idea who the person is that asked about the transparency above. I've looked through this indicator. I understand the coloring system. What I do not understand is what causes the size of the circles. I've read through this 10 times and it is still not clear. I've included a screen shot for your reference. I use blue for ask and red for bid. I've labeled 4 of the circles 1-4. My settings are Volume Threshold:1 Circle based on total volume Automatic Indicator Size: Yes Here are the values for the 4 circles: 1: 520x865 = 1385 Total Volume (Smallest circle) 2: 1372x1126 = 2498 Total Volume (2nd smallest) 3: 571x1110 = 1681 Total Volume (3rd Smallest) 4: 1020x1026 = 2046 Total Volume (largest) The documentation says that the circles are based on total volume. #2 has the largest volume of the 4 but it's the 2nd largest circle. #3 is the largest circle but has the 3rd highest volume. So my question is what determines the size of the circles???? The only thing I can think of is that it says something along the lines of number of trades. Would this mean that 4, 50 lot trades would have a smaller circle than 200, 1 lot trades? Please advise. Thank you. http://www.sierrachart.com/image.php?Image=1486081821187.png