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Date/Time: Sun, 19 May 2024 21:13:40 +0000



Post From: Please Consider Adding Volume Cluster Options In Numbers Bars

[2015-03-06 14:24:48]
cmet - Posts: 538
The Numbers Bars study is an excellent order flow tool but with one glaring omission - volume cluster analysis/controls.

Adding a set of tools for identifying high and low volume areas of each bar would make this an even more powerful study.

This could be as "simple" as:

A) Adding Background option for Volume Clusters
B) Adding specific volume cluster background color options (for example: one for high volume clusters, one for low, high/low volume with buyers or sellers dominating)
C) Add threshold inputs - things like total volume, or percentage of volume (similar to a value area)

I'm sure there's a bit of work that goes into that but I think it would be well worth the effort in terms of user benefits.

Here is a quick mockup of what I'm talking about:

http://s23.postimg.org/x57pvp6iz/vca.jpg

Another nice feature would be "Show Candle" which would show the actual candle shape of the bar. This can be done by creating another chart and using Study/Overlay but it would be nice to have the functionality within the Numbers Bars study.

http://s13.postimg.org/vi4qbff87/vca2.jpg

As would the ability to see zeroes instead of blank spaces when using the Bid/Ask Volume Text Threshold. Right now it just leaves blank spaces where the threshold is not met.

Hopefully you'll consider some of these things.



Date Time Of Last Edit: 2015-03-06 15:35:59