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Direct MessagesDate/Time: Wed, 01 May 2024 21:25:08 +0000
Multiple Bars Volume Profiles
View Count: 1089
| [2015-10-15 18:03:07] |
| Johnny - Posts: 99 |
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Hello, I want to point out a VbP study issue when it comes to profiles with multiple bars. Volume profiles are calculated based on the first bar of the chart and at a predefined set of bars contrary to how multi-bar VWAPs are calculated where the VWAP value for the defined number of bars is calculated at each bar. Please see the attached images in order to get my point. Both studies have a 3-bar setting. http://www.sierrachart.com/image.php?l=1444931207943.png http://www.sierrachart.com/image.php?l=1444931418439.png |
| [2015-10-15 18:30:36] |
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You cannot make a comparison between the Volume by Price study and Volume Weighted Average Price-Rolling. The calculation methods are different and we are under no circumstances at all going to add that capability to the Volume by Price study. There is nothing wrong here. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-10-15 18:34:51
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| [2015-10-24 20:16:08] |
| Johnny - Posts: 99 |
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I really don't see the reason that the calculation methods between these two studies are so different when it comes to multiple bars. These two studies are so interrelated that they are in fact one study. Regarding the VbP study everything is fine when the time period length is only one bar. But there's no way right now to compare the POC and VWAP values for 3 or more bars and that is very restrictive.
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| [2015-10-26 18:42:03] |
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It will always be restrictive. There is no logical way that a Volume by Price study can implement a rolling timeframe. That will be a complete mess. We will not get involved with it. There simply is no logic to this at all.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-13 19:56:47] |
| Johnny - Posts: 99 |
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From your post I guess that it would be challenging to create that calculation method from a programming perspective. When I say that the VbP calculation method for multiple bars should match that of the VWAP study, I'm not talking about volume profiles that contain 30 or 50 bars but rather 3,4 or 6. So, I propose a supplementary rolling multi-bar calculation method next to the one currently available, on a limited scale and up to a certain number of bars.
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| [2015-11-13 20:03:39] |
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The Volume By price study is not the kind of study which it makes sense to use a rolling calculation with. There would be a Volume Profile at each and every single bar and each of those Volume Profiles would contain volume from prior profiles. It would be tremendously confusing and illogical to implement. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-11-13 20:53:53
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| [2015-11-26 16:59:54] |
| Johnny - Posts: 99 |
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Would the rolling calculation feature be easier to implement for the Volume value area lines study instead of the VbP study?
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