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Direct MessagesDate/Time: Wed, 24 Apr 2024 20:27:34 +0000
[User Discussion] - Zig Zag Cumulative Volume bars are vertically compressed
View Count: 4506
| [2013-06-20 13:35:47] |
| MMX - Posts: 119 |
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There is something preventing these volume bars from displaying the full vertical range that they should be, too often they are only showing 20% to 30% of the vertical range that is available to them. The same holds true for SC Zig Zag Accumulated Volume, neither one is adjusting vertically automatically. The only way I can get these volume bars to display their full vertical range is by using the User Defined scaling option. My preference for this is for it to be done automatically, just like it is done for all the rest of the studies. Thanks |
| [2013-06-20 18:43:27] |
| MMX - Posts: 119 |
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This is not a user discussion. The Zig Zag Cumulative Volume is a user contributed study, but the very same thing is occurring on your very own Sierra Chart Zig Zag study, so let me re-phrase the title of this post to "SC Zig Zag Accumulated Volume bars are vertically compressed" and I am now asking you to help me correct a problem that I am having with Sierra Chart's Zig Zag study.
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| [2013-06-20 18:45:13] |
| M5amhan - Posts: 468 |
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post a picture of the problem
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| [2013-06-20 19:44:37] |
| MMX - Posts: 119 |
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For this study and only for this study, the accumulated volume bars are behaving as though the User Defined option was selected for the scale range and the bars never automatically adjust vertically, reducing the size of the vertical bars to, say, 20% as tall as they would be if automatic scaling was properly working. And, if by chance, it just so happens that the largest accumulated volume bar of the day is within the viewable window, then everything is as it should be and 100% of the vertical space is utilized, that is, until that big bar scrolls off the left side and the remaining viewable bars do not automatically adjust vertically to the new "viewable" range.
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| [2013-06-20 22:26:35] |
| Sawtooth - Posts: 3976 |
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Do you have any other studies in the same chart region?
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| [2013-06-20 23:02:13] |
| MMX - Posts: 119 |
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The study is in its own region, also, since playing with this, I've learned that I was wrong in stating that SC Zig Zag accumulated volume bar does the same thing, it doesn't, vertically it performs just as it should. When posting originally, the SC accumulated volume bars certainly had empty upper portion vertical spacing, but I didn't catch the fact that the study was using the same scale as the main graph. CTS T4 uses whole numbers for their values, which on Crude and the S&P, isn't that far off from the volume values. I'm using the Zig Zag Cumulative Volume by JTSH (or something close to JTSH) because I can use 2 colors for the bars and both up and down bars are printed above the 0 line. Does anyone know how to get 2 colors out of SC Zig Zag Accumulated Volume bars? Is it even possible? I've downloaded a couple of other user contributed accumulated volume studies and they do automatically adjust vertically, but they print on both sides of the 0 line.
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| [2013-06-20 23:36:54] |
| M5amhan - Posts: 468 |
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you can do whatever you want with colors by using "color bar based on alert condition"
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| [2013-06-21 02:07:15] |
| MMX - Posts: 119 |
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Trade2day1, I appreciate the suggestion, but writing alert condition formulas is way above my pay grade. I did play around with the different "color bar based on...." studies, cutting and pasting formulas from the SC example page, but never could get anything close to being what I needed. The SC Zig Zag Accumulated Volume works perfectly with the 1 Renko chart per contract that I have, in the Auto-Coloring drop down box I select the "Same As Base Graph" and I get what I want. Just wish I could do that on my time based charts. I don't really know, but I'm assuming this thread, because of its "user discussion" classification, is pretty much off the radar screen of SC Support. So because of that I'm going to start a new thread asking if there's anyway to use 2 colors with their Accumulated Volume bars.
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| [2013-06-21 02:28:30] |
| M5amhan - Posts: 468 |
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i can write your formula if you will give me a picture of the chart w/ the study on it and a snapshot of the subgraphs tab and tell me what you want
Date Time Of Last Edit: 2013-06-21 02:29:38
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| [2013-06-21 02:29:10] |
| M5amhan - Posts: 468 |
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SC support is not doing formulas for people at this point in time
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| [2013-06-21 03:22:33] |
| MMX - Posts: 119 |
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That's very generous of you to offer that, but I've never asked support about the possibilities of the SC Accumulated Volume bars displaying 2 colors. And if it's not available now, with all the attention the Weis Wave has been getting this year, maybe they'll put 2 color boxes next to the accumulated volume line in the Zig Zag subgraph section instead of just the 1 color box they have now. Jts5(???) was able to do it with his user contributed Zig Zag Cumulative Volume study, I would think SC Support would be capable of doing the same thing. Anyway, thanks for the offer, but let me check with support about the 2 color option before taking you up on your kind offer.
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| [2013-06-21 04:28:54] |
| MMX - Posts: 119 |
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Trade2day1 Here is support's response to my question: "We will set the AccumulatedVolume Subgraph in the Zigzag study to support 2 color buttons." |
| [2013-06-23 00:07:09] |
| George - Posts: 60 |
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For the user contributed Zig Zag Cumulative Volume. Try setting the Zig Zag Line in the subgraph setting window to Do Not Draw. |
| [2013-06-26 01:05:05] |
| MMX - Posts: 119 |
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I don't like the Zig Zag line cluttering things up so I've always selected the Do Not Draw.
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| [2014-07-30 12:07:03] |
| User12676 - Posts: 70 |
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UPDATE: Information about this indicator is on http://mboxwave.com All, I have written by own Wave Study for Sierra Charts called "M Wave" that I personally use in my trading and am willing to share, although not for free. I am willing to share because as wyckoff said he had no secrets, and I have none. Thanks to people like him we are able to learn and succeed. So I am just giving back what I have received. I have spent 200+ hours on this study. Please watch the video and read the PDF to find out more. This is the official "M Wave Study" for Sierra Charts. This study is a modern adaptation of the Wyckoff method. We are able to analyze buying and selling pressure in waves on the chart. The combinations of what this study can display are endless. This goes beyond displaying accumulated total volume. KEY FEATURES Information we can accumulate per wave ● Total Volume ● Bid Volume ● Ask Volume ● Ask Bid Volume Difference (Total Ask Volume – Total Bid Volume for Wave) ● Ask Big Volume Difference / Total Volume ● Leg Time (How long it takes in seconds for wave to form) ● Bar Time (For histogram only) (How long it takes for one bar to form) ►Display real time Volume or Time for wave in formation ►Display a secondary text label on the chart to show additional information ►Divisor to show Volume or Time more neatly ►Auto Divisor, automatically determine value for divisor ►No clashing of Volume or Time labels with the bars on the chart ►Accurate drawing of Volume or Time labels on the chart as bars are drawn ►All colors in the studies can be customized The going rate for this plugin is $250, which is a half of what David Weis charges, and can do so much more!! I can ship the plugin out usually within 1 day or same day. Please provide your Sierra Charts login username, as the plugin will be copyprotected your use only. I have tried to be as flexible as possible. David Weis locks his plugin to the use of one computer, which is not practical. Thats why I offer licensed use per user name, so you can use any computer you like with the same login credentials. FYI, this is only available for Sierra Charts. I am unsure if I will ever port this to a different platform. Initially I created this for my use only and as I am an active trader, porting it to another platform would be time consuming. If however, in the unlikely event that there will be a large interest for another platform, I could consider doing it for the common good. Date Time Of Last Edit: 2018-10-02 05:03:00
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