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Date/Time: Sat, 18 May 2024 21:05:39 +0000



Post From: Alert Condition for Numbers Bars Calculated Values

[2024-04-18 15:32:00]
John - SC Support - Posts: 31704
To start with, there is not a built-in method to the Numbers Bars study to allow you to setup alerts based on the percentages.

Second to this, the Bid/Ask volume data is not readily exposed, so it is difficult to reproduce what is occurring within the Numbers Bars study.

Our recommendation would be to use the "Volume At Price Threshold Alert V2" study. You would set the "Comparison Method" to "Ask Volume Bid Volume Diagonal Ratio", which is the equivalent to "Based on Diagonal Dominant Side AskVol BidVol Percentage" and then set the "Percentage Threshold" to match your Range 2 percentage threshold. Note that in the "Volume at Price Threshold Alert V2" you enter the percentage as a whole number rather than a decimal, so for a value of 1.25 in the Numbers Bars, you would enter 125 in the Volume at Price Threshold Alert V2.

You would need a total of 4 copies of the Volume at Price Threshold Alert V2, as a positive value for the threshold gives you the Ask/Bid results, and a negative value will give you the bid/ask results. You would also need two more for the Range 3 value.

Refer to the following:
Volume at Price Threshold Alert V2
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