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Direct MessagesDate/Time: Mon, 29 Apr 2024 08:07:56 +0000
[User Discussion] - Large Volume Trade Indicator
View Count: 11642
| [2017-02-02 03:44:18] |
| User104854 - Posts: 441 |
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Hi. I just applied this indicator and have a couple of questions. I get that it factors in large volume but I am unsure how it is actually calculated. I've included a screenshot. My settings are Volume Threshold=0 Draw Mode: Circle based on total volume Auto Indicator: Yes Bid Min: Light Red Bid Max: Dark Red Ask Min: Light Blue Ask Max: Dark Blue So I get that if the volume is equal than or greater to 0 it will put a volume dot on every price. What determines if a circle is large? What determines if it's bid or ask volume? Also, how does it take the colors into affect and apply them? I don't see where to enter a max and a min threshold. I see other areas in the chart that have large volume but not a big circle. Please advise. Thank you. http://www.sierrachart.com/image.php?Image=1486006428173.png |
| [2017-02-02 04:09:17] |
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Here is the updated documentation for this study: https://www.sierrachart.com/index.php?page=doc/TechnicalStudiesReference.html#s390 The study was not intended to be used with a Volume Threshold of 0. Otherwise, not sure what benefit it has when you can just use the Numbers Bars study. There is no maximum threshold supported. 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 |
| [2017-02-02 15:08:42] |
| User104854 - Posts: 441 |
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It seems that one thing this indicator does is provide a visual representation of the volume in the form of a circle or whatever relative to the entire chart. I do not believe the numbers bars does this. I know I can plot the volume but it's only relative to each bar. If I'm wrong please advise. I've read the documentation......a few times......and it still is difficult to understand. And I tend to pick up on these things easier than most so if it's hard for me then it's definitely hard for others. So since it's not totally clear on the documentation as to what I'm looking for I'd appreciate it if you would please answer the questions in my previous post. Thank you. |
| [2017-02-02 15:19:21] |
| User104854 - Posts: 441 |
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....also I have transparency set to 'Yes' and when I go to global settings and change the transparency setting it doesn't change anything. No difference between 0, 50, and 100. Please advise.
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| [2017-02-02 19:01:14] |
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It seems that one thing this indicator does is provide a visual representation of the volume in the form of a circle or whatever relative to the entire chart.
When the Automatic Indicator Size is set to Yes, then the sizing is based upon the markers for the visible chart bars only. The documentation has been updated: http://www.sierrachart.com/index.php?page=doc/TechnicalStudiesReference.html#s390 Reload the page for the latest content. It has been updated as best as we can. It does answer all of the questions. If it is still not clear, we will have to look at this later on. As a matter of policy we do not restate what documentation already states. It also would help to set the Draw Mode to display the text in order to understand better how the coloring works. However, the documentation does explain how the coloring works. Regarding transparency, this has not yet been released even though the study Input is there to support this. 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 |
| [2017-02-02 19:14:09] |
| User20450 - Posts: 330 |
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are you going to add transparency to a draw style with and auto coloring ? this would be great
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| [2017-02-02 23:27:32] |
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We do not understand this. Sierra Chart already supports numerous transparent Draw Styles for studies with automatic coloring. Refer to: Chart Studies: Subgraphs Tab 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 |
| [2017-02-03 00:43:10] |
| User104854 - Posts: 441 |
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I have no idea who the person is that asked about the transparency above. I've looked through this indicator. I understand the coloring system. What I do not understand is what causes the size of the circles. I've read through this 10 times and it is still not clear. I've included a screen shot for your reference. I use blue for ask and red for bid. I've labeled 4 of the circles 1-4. My settings are Volume Threshold:1 Circle based on total volume Automatic Indicator Size: Yes Here are the values for the 4 circles: 1: 520x865 = 1385 Total Volume (Smallest circle) 2: 1372x1126 = 2498 Total Volume (2nd smallest) 3: 571x1110 = 1681 Total Volume (3rd Smallest) 4: 1020x1026 = 2046 Total Volume (largest) The documentation says that the circles are based on total volume. #2 has the largest volume of the 4 but it's the 2nd largest circle. #3 is the largest circle but has the 3rd highest volume. So my question is what determines the size of the circles???? The only thing I can think of is that it says something along the lines of number of trades. Would this mean that 4, 50 lot trades would have a smaller circle than 200, 1 lot trades? Please advise. Thank you. http://www.sierrachart.com/image.php?Image=1486081821187.png |
| [2017-02-03 00:47:13] |
| User104854 - Posts: 441 |
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I think I had 3 and 4 reversed as far as the largest circle but I know you get the point. It doesn't make sense based on total volume. Thanks.
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| [2017-02-03 00:55:19] |
| User20450 - Posts: 330 |
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you support it where , i cant draw a dot or a circle with transparency based in +- im talking about options to color for this studdy in discussion as the point does nothing when transparency is on yes |
| [2017-02-03 02:10:55] |
| User104854 - Posts: 441 |
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I think I have it. The circles represent the amount of the largest trade that is above the threshold. So is a 200 lot trades vs a 50 lot then the 200 lot will have the biggest circle. I'm pretty sure that's it. If I'm wrong let me know, otherwise there's no need to reply. Thanks.
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| [2017-02-03 02:25:49] |
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Yes that is it, but that is not how it is meant to be based upon the Draw Mode you are using. When we added the circle draw style for the study, we missed another area of the code that we needed to update to make this work according to the documentation. This will be solved in the next release. ---- you support it where , i cant draw a dot or a circle with transparency based in +-
im talking about options to color for this studdy in discussion as the point does nothing when transparency is on yes All of this is coming out in the next release. 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 |
| [2017-02-03 08:32:41] |
| User19165 - Posts: 346 |
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Hi there, Looking forward to this indicator when it is ready for the stable release. I just wanted to mention that I coded this sort of thing about a decade ago in Neoticker and my sizing algorithm was based on taking a sample from the trades that are over my threshold and then taking that average to compare a sizing. So your dots were sized as a multiple of your average trade size above your specified threshold. This way you get more constant looking dots (as this is a great visual tool, it needs to be more stable visually) no matter what is in your visible bars. From memory, I used like only the last 20 trades above my threshold to create my average. Just an idea for you to consider. With kind regards, MK |
| [2017-02-03 09:11:09] |
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We will have the changes and improvements out Friday evening.
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 |
| [2017-02-07 04:12:48] |
| dominikos - Posts: 106 |
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the transparency works nicely. A quick observation about this study. It worked nicely for me with ZN and Interactive Brokers feed. However, when I switched to SierraChart Real time feed, this study stopped to work. I guess the quality of your data is too good vs IB data grouping bunch of trades together. Would you consider adding a threshold to this study to control how many recent trades should be grouped together? |
| [2017-02-07 05:11:56] |
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Would you consider adding a threshold to this study to control how many recent trades should be grouped together?
The capability to group trades is coming. It is not yet available. 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 |
| [2017-02-13 09:00:03] |
| User19165 - Posts: 346 |
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Hi Sierra, I did some exploration on this new circle drawing marker over the weekend. I think its a pretty good improvement over the previous marker. It does need some more improvements though as it needs to be consistent across charts of any timeframe given the same settings. As I touched on before when I wrote a similar indicator for a different charting package some years ago, establishing a baseline for "normal" and then adjusting the circle size based on total volume relative to normal does this well. To be more specific, I would hold all the bid volume above my threshold in an array of the 20 most recent large volume trades at the bid and then take an average of that. If the next large volume trade was twice that of the average, then the circle would be twice the size of what the user specified in the indicator settings. Doing this makes it nicely adaptive to those days when you are getting a lot of volume above your threshold and keeps the dot sizes from ballooning too much. The way I did it above is just one way to achieve consistency across charts of any timeframe. You guys are pretty clever and maybe can think of a better way, but the current visual implementation needs some work to become more useful as a discretionary trading tool. Please consider making improvements to this. With kind regards, MK |
| [2017-02-13 17:17:07] |
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We will see how to improve this.
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 |
| [2018-07-06 06:17:10] |
| whats1thingnow - Posts: 407 |
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+1 to post #17 additional idea... even when i use the transparency, when there are multiple large volume orders traded, they overlap... can we 1) add a border to the circle, the marker or marker with volume? this will help distinguish if there are multiple large trades hiding instead of everything blurring together 2) even better, can we combine all the large trades that's close in time to show as one marker? for example, if my chart is in 1 min, all ask and bid large trades in that 1 minute bar will combine to one marker with volume or circle (this is how jigsaw auction vista shows the large volume: https://www.sierrachart.com/Download.php?Folder=SupportBoard&download=26866) Date Time Of Last Edit: 2019-03-18 14:40:59
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 image_02.jpg / V - Attached On 2019-03-18 14:38:36 UTC - Size: 65.2 KB - 3023 views |
| [2018-07-06 08:05:00] |
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2. This is already the case. There is a study Input to control whether you want to see the maximum volume at each price level. That is what you want to set.
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 |
| [2019-08-31 12:00:24] |
| Ackin - Posts: 1865 |
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whats1thingnow can we 1) add a border to the circle, the marker or marker with volume? this will help distinguish if there are multiple large trades hiding instead of everything blurring together +1 for add a border to the circle drawstyle +1 for visualisation as "ratio circle" (two colors inside circle) Date Time Of Last Edit: 2019-08-31 12:05:16
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| [2019-08-31 22:42:49] |
| Chris_uk - Posts: 89 |
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+1 on the above. Thanks |
| [2019-09-11 14:02:52] |
| whats1thingnow - Posts: 407 |
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+1 for visualisation as "ratio circle" (two colors inside circle)
any updates? |
| [2021-03-23 15:53:25] |
| User202416 - Posts: 37 |
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I am using green color for ask and red color for bid in number bar . When I add large volume trade indicator in number bar study , should I maintain same green color for bid dominant min and max or red color Please clarify |
| [2021-03-23 16:22:14] |
| John - SC Support - Posts: 31159 |
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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 |
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