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Direct MessagesDate/Time: Mon, 29 Apr 2024 15:43:16 +0000
[User Discussion] - Large Volume Trade Indicator
View Count: 11643
| [2021-03-23 16:22:14] |
| John - SC Support - Posts: 31162 |
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The colors in the Large Volume Trade Indicator are completely separate from the Numbers Bars. If you want to use the same colors, then you would just need to change them in the Large Volume Trade Indicator. Keeping in mind that the Large Volume Trade Indicator colors use a gradient between the two color settings, and the Numbers Bars just use the given colors. Refer to the information here: Large Volume Trade Indicator: Inputs For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-24 03:32:14] |
| User202416 - Posts: 37 |
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If I have 1000 lots in ask ( green) and 10 lots (red) in bid in number bars and 800 lots large trade volume in ask side , what color I have to use ?
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| [2021-03-24 13:55:06] |
| John - SC Support - Posts: 31162 |
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The Large Volume Trade Indicator is going to color the indicator based on the Dominant side (Ask or Bid). You can not control this. Also, keep in mind that the determination of dominance is done with the filtered data. So even if the Numbers Bars shows one side dominant, it could go the other way with the Large Volume Trade Indicator depending on the size of the trades for each size. As to the colors, refer to the inputs for the Large Volume Trade Indicator for the colors. You have the ability to set the Ask and Bid colors as noted above. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-24 14:33:25] |
| User202416 - Posts: 37 |
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Dear Mr John I understand the concept behind large volume trade . My question is simple “If I have 1000 lots in ask ( green) and 10 lots (red) in bid in number bars and 800 lots large trade volume in ask side , what color I have to use ?” From the above number bar , I can interpret ask side is dominant and from large volume trade indicator 800 lots mean ,aggressive market orders buyers are dominant or limit orders sellers are dominant |
| [2021-03-24 14:59:28] |
| John - SC Support - Posts: 31162 |
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We really do not understand your question. You have control over the colors that are used in the Large Volume Trade Indicator. If you want to see an Ask dominant indicator as Green, then set the Inputs for Ask Dominant Color Range Minimum and Ask Dominant Color Range Maximum to be Green Colors. If you want to see a gradient of colors based on the largest Ask volume, then set these two values to be different green colors. If you just want to see a single color, then make them the same. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-24 18:43:39] |
| User202416 - Posts: 37 |
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Dear Mr John What large trade volume indicator does ? Is it hitting the bid and showing sellers are there ( passive limit buy orders are there ) or vice versa I have due respect for your contributions here but not coming to my question straight You have not even touched my question but telling different. Can you please attend my question straight ? If it hits bid , it is straight market sell orders ( of course passive limit buy order equally ) . Then in this case it should show red color to show aggressive market sell order and in the background it must show passive limit buy order in green color Am I right or not ? The entire study needs to be corrected I already corrected at my end |
 68D962FC-724B-4189-ACD7-AADC6C76CBC8.png / V - Attached On 2021-03-24 18:36:16 UTC - Size: 909.25 KB - 531 views Attachment Deleted. |
| [2021-03-24 19:35:20] |
| John - SC Support - Posts: 31162 |
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First, refer to the following for the definition of a Bid Trade and an Ask Trade within Sierra Chart: https://www.sierrachart.com/index.php?page=doc/NumbersBars.php#BidTrade The Large Volume Trade Indicator works the same as the Numbers Bars, in terms of the trade being a Bid Trade or an Ask Trade. It is only dealing with actual trades that occur on the market. Here is what happens using a Draw Mode of Based On Total Volume Above Threshold for example: - Each trade that is larger than the Threshold setting is added together at the price point and displayed at that price. - The total volume of the trades at the Bid are added together and the total volume of trades at the Ask are added together (per the definitions given in the above). - A comparison is made of the total volume of Bid trades and the total volume of Ask trades. - If the total volume of Ask trades is greater than or equal to the total volume of Bid trades, then it is considered Ask dominant and is colored per the Ask coloring Inputs. - If the total volume of Ask trades is less than the total volume of Bid trades, then it is considered Bid dominant and is colored per the Bid coloring Inputs. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-25 02:12:00] |
| User202416 - Posts: 37 |
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Question : If I have 1000 lots in ask ( green) and 10 lots (red) in bid in number bars and 800 lots large trade volume in ask side , what color I have to use ?” Answer should be : same green color for large trade volume |
| [2021-03-25 14:58:19] |
| John - SC Support - Posts: 31162 |
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Assuming there is a single trade for at least 800 at that level, then the marker would be green, as it is not possible for it to have occurred at the Bid. Note that it is possible to not get a marker at that level at all given the situation you state.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-25 16:01:30] |
| User202416 - Posts: 37 |
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Why not Mr John ? Can you please substantiate your claim ? A resting limit order of 800 lots and balance 200 lots from so many traders may sit there . Just by placing one buy market order at 800 lots it will create large trade there and at the same time in number bar, we will have 1000 lots in green color This depicts there is a situation where in buyers lifting offer heavily and also big guys are pushing up the price up further . Only in number bar , Sierra is taking ask-bid and silent in other studies like large trade volume . Sierra takes limit orders for low bid and high ask volume percent Sierra needs to document in which it is configured so that users won’t have any confusion Market orders can’t move the price if there are no limit orders in order book . Limit orders can’t move the price if there are no market orders in exchange trades . Period So we must create where passive limit orders are resting in system with market and if it gets penetrated we must indicate aggressive power too in foot print |
| [2021-03-25 17:01:32] |
| John - SC Support - Posts: 31162 |
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You are missing the point of the Large Volume Trade Indicator. It indicates "Large Volume Trades". If you are just looking for the information on which side of the market is the aggressor at any time, then that is what the Numbers Bars can give you. When you set a Volume Threshold for the Large Volume Trade Indicator, then you are stating that you are only interested in trades that are that size or larger. Therefore, setting a value of 800 says that you only want to see trades that are 800 or larger. Just because there is a volume of 1000 on the Ask does not mean that there is a trade of at least 800. It could be made up of 10 trades of 100, or 1000 1 lot trades, or any combination thereof. All of this is covered in the Large Volume Trade Indicator documentation here (and our responses above): Large Volume Trade Indicator For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-03-26 10:09:00] |
| User202416 - Posts: 37 |
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If it is one trade of 800 lots on ask side , what color should I use is my basic question ? Please clarify .
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| [2021-03-26 14:31:44] |
| John - SC Support - Posts: 31162 |
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Apparently we are unable to understand your question. We will not be answering any further. We have set this thread to be a User Discussion as hopefully one of the other users understands what you want and will be able to help you. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2021-03-26 14:32:06
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| [2021-03-26 16:28:37] |
| User202416 - Posts: 37 |
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Dear Mr John You have not touched my simple question . I am subscriber of Sierra chart . Your reply in 2 posts are contradictory to what your own administrator accepted that “ it is market order hitting the resting bid or offer “ but you are closing the topic without replying to my color specific question . The description is totally misleading and not conveying exact essence . |
| [2021-03-26 16:28:38] |
| User202416 - Posts: 37 |
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Dear Mr John You have not touched my simple question . I am subscriber of Sierra chart . Your reply in 2 posts are contradictory to what your own administrator accepted that “ it is market order hitting the resting bid or offer “ but you are closing the topic without replying to my color specific question . The description is totally misleading and not conveying exact essence . |
| [2022-03-13 15:40:42] |
| Tomas.R - Posts: 9 |
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If it is one trade of 800 lots on ask side , what color should I use is my basic question ? Please clarify This is not possible. There will be many small trades on T&S tape. No one can see if 800 contracts traded within last 10 secs were initiated by one single trade/aggresor, or if it was 800 times 1 contract trades. Date Time Of Last Edit: 2022-03-13 15:41:16
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