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Direct MessagesDate/Time: Sun, 05 May 2024 01:08:01 +0000
[User Discussion] - Setting up my footprint chart
View Count: 4056
| [2018-08-27 16:32:05] |
| User226793 - Posts: 160 |
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Hi, i Need some help in setting up my footprint chart: I primary want 2 colors with 6 shades. 1. Color Represents the Volume / Type of Color Represents the Delta: Positive Delta- Blue; Negative Delta Red 2.Degree of Shades:Light Blue, Med Blue and Dark Blue & Light Red, Med Red and Dark Red (Total Volume Traded within the Rotation) 3. Lot of volume in the rotation - Dark Blue or Dark Red / Little Volume traded in the rotation - Light Blue or Light Red |
| [2018-08-27 17:28:03] |
| cmet - Posts: 537 |
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Might be able to help you. Though it isn't completely clear from the info above what you're trying to do. 1. When you say "Type of Color", do you mean you want the text for each price in each bar to be the ask/bid volume difference and you want that text to be red or blue based on +/-? 2. "Total Volume Traded within the rotation". Do you mean within each bar? Do you want the footprint background to be all one color/shade or do you want the background of each price a different shade? 3. Rotation = bar? An image of what you're after would be useful if you have one. Date Time Of Last Edit: 2018-08-27 17:28:21
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| [2018-08-27 18:27:20] |
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Refer to the documentation here for this: Numbers Bars: Numbers Bars Background Coloring Methods 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 |
| [2018-08-27 19:02:35] |
| User226793 - Posts: 160 |
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1. When you say "Type of Color", do you mean you want the text for each price in each bar to be the ask/bid volume difference and you want that text to be red or blue based on +/-? Answer: I want the Text at a price to represent the bid/ask volume at that price for a PNF Bar, however I want the background color at that price to represent the Delta. If there is more buying then the delta is positive and the background of that price is blue. If the difference between the Bid/Ask is negative (the delta is negative) there will be a red background. To take this one step further the blue background will have 3 shades (Light Blue/ Med Blue and Dark Blue)and the red background will have 3 shades (Light Red/ Med Red and Dark Red). I have also attached a chart for your reference 2. "Total Volume Traded within the rotation". Do you mean within each bar? Do you want the footprint background to be all one color/shade or do you want the background of each price a different shade? Answer: Please refer to the attached chart for your reference 3. Rotation = bar? Answer: Rotation = PNF If you have any questions, you could also call me at 646 467 2630 |
| [2018-08-27 20:29:29] |
| User226793 - Posts: 160 |
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Hi there, I just wanted to make sure I was able to clarify your questions and you are clear with what I need your help with
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| [2018-08-27 21:35:35] |
| cmet - Posts: 537 |
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To clarify, you want to create a footprint using PNF bars and want to see Bid x Ask for the text and want the background to be shaded based on Bid/Ask volume difference (delta)? Just checking since you note that a bar has the highest volume so it should be dark blue, however you can't color the background based on total volume and delta, you have to pick one. Also, to color background in different shades with numbers bars, you are going to have to pick thresholds. Since I'm unsure what you consider high and low delta, I've just used +/- 200,500,1000. So any delta below 200 will be shaded light red/blue, anything above 200 up to 500 will be medium red/blue, anything above 500 dark red/blue See attached image. The chart book is attached. Take a look and see if that's what you're looking for. Date Time Of Last Edit: 2018-08-27 21:56:17
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 footprint.PNG / V - Attached On 2018-08-27 21:35:21 UTC - Size: 54.47 KB - 2179 views  DeltaFootprint.Cht - Attached On 2018-08-27 21:55:44 UTC - Size: 30.05 KB - 822 views |
| [2018-08-27 21:54:39] |
| User226793 - Posts: 160 |
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To clarify, you want to create a footprint using PNF bars and want to see Bid x Ask for the text and want the background to be shaded based on Bid/Ask volume difference (delta)? Answer: Yes Just checking since you note that a bar has the highest volume so it should be dark blue, however you can't color the background based on total volume and delta, you have to pick one. Answer: Lets pick total volume Also, to color background in different shades with numbers bars, you are going to have to pick thresholds. Since I'm unsure what you consider high and low delta, I've just used +/- 200,500,1000 Answer:Can this be variable based on the total volume of the PNF? As the prior PNF bar may have highest volume 7777* 1000 (Dark Red) and the next pnf may have highest volume (222*10) (Dark Red) rather than hard coding it? |
| [2018-08-27 22:07:50] |
| cmet - Posts: 537 |
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Here's the same chart book with the background colored based on dominant total volume at each price. I used 500,1000,2000 for thresholds. "Can this be variable based on the total volume of the PNF? As the prior PNF bar may have highest volume 7777* 1000 (Dark Red) and the next pnf may have highest volume (222*10) (Dark Red) rather than hard coding it?" You're limited to the Numbers Bars Settings and, to my knowledge, you have to use the thresholds. It's what the shading is based on. Though someone else might have another solution. Check out that link above that SC support posted. It tells you all the different ways you can shade the backgrounds. For Volume, you have: Actual Volume, Dominant Total Volume, Volume Percentage. Those are all going to be based on prices within each bar only though. Date Time Of Last Edit: 2018-08-27 22:10:48
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| DeltaFootprint2.Cht - Attached On 2018-08-27 22:07:14 UTC - Size: 30.05 KB - 699 views |
| [2018-08-29 16:36:22] |
| User226793 - Posts: 160 |
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Folks, thank you very much for the chart..I took your inputs ands modified my chart...I need your help with the below to add to my chart FootPrint Bar Statistics: Summary of Statistics at the bottom of the Chart 1.Volume: Volume within the Bar (Light Volume Light Blue and Darker Volume Darker Blue): Shaded of blue based on light to dark and when we compare the last 3-4 bars 2. Delta: Net Interaction within the bar (Buy Volume - Sell Volume) Shades of Delta: Lighter Blue to Dark Blue and Lighter Red to Dark Red 3. Cumulative Delta: Delta for the Day (Globex) Other stats 1. VWAP 2. Highlight Imbalance: 400% to look for shifts (Diagonally) If you could update that in the DeltaFootprint2.cht that you have attached above, that would be very helpful for me to take that information and modify my chart.. Thanks again guys, you guys are very helpful |
| [2018-08-29 18:59:47] |
| User226793 - Posts: 160 |
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Folks, please let me know if you need anything else from my end and thank you for your help
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| [2018-08-30 13:56:36] |
| User226793 - Posts: 160 |
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Folks, please let me know if you need anything else from my end with respect to the above question? and thank you for your help
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| [2018-08-30 23:37:17] |
| cmet - Posts: 537 |
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The Numbers Bars Calculated Values study gives you the stats. There is only one shading option for the cell backgrounds and it is based on a percentage of positive/negative within the bar though. In other words, the total volume threshold option isn't in this study. You can read about the coloring logic towards the bottom of this page: Numbers Bars: Displaying Numeric Information Below Numbers Bars So for #1, the shading can't be based on higher/lower volume. You also can't compare across multiple bars. #2, same as above Other Stats VWAP - you just add the Volume Weighted Average Price study to the main chart pane. Imbalances in my experience are usually done in the text of the footprint bars. In this case I've turned them bright blue/red. You may be able to get a custom solution for the shading but hopefully that helps. |
| DeltaFootprint3.Cht - Attached On 2018-08-30 23:37:03 UTC - Size: 48.68 KB - 525 views |
| [2018-08-31 02:21:47] |
| User226793 - Posts: 160 |
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Hi there, thank you for your response. I found something on the numbers bars calculated value and have attached a chart. Would you be able to just take a shot to see if you could address #1 and #2 of the above.. Thanks again for your help
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Private File Attachment Deleted. |
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