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[User Discussion] - View developing daily Range/Volume compared to previous (x)

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[2013-10-26 16:03:55] #1 [Go To First Post]
emp0804 - Posts: 31
Is there a study/custom study to view the developing daily Range/Volume compared to previous (x) in the current time frame, similiar to the attached screenshot? Thanks


Dly-Vol-Range.jpg / V - Attached On 2013-10-26 16:03:07 UTC - Size: 264.39 KB - 496 views

[2013-10-29 10:42:56] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
This can be done. We will put together a study collection for this later today for you. 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

[2013-10-29 15:14:14] #3 [Go To First Post]
emp0804 - Posts: 31
Looking forward to it. Thanks!

[2013-10-30 03:50:04] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Here is an example image: http://www.sierrachart.com/image.php?l=1383104660573.png Use this study collection: https://www.sierrachart.com/AdditionalFiles/CumulativeVolumeAndDailyRange.StdyCollct Here are the instructions for using a study collection: http://www.sierrachart.com/index.php?l=doc/doc_DLLUsage.html#SC 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: 2013-10-30 03:50:22

[2013-10-31 08:54:00] #5 [Go To First Post]
Marmany - Posts: 303
I find this study collection very useful, thank you Sierra. On the first post in this thread the .jpg shows a yellow line which is the moving average of volume / range development. Would it be possible to add the n period SMA (default = 5) to the studies?

[2013-10-31 17:24:30] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
You can add a Moving Average to the displayed studies by using the Based On setting documented here: http://www.sierrachart.com/index.php?l=doc/doc_ChartStudies.html#BasedOn 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

[2013-10-31 19:13:05] #7 [Go To First Post]
Marmany - Posts: 303
Unfortunately what I was looking for will not be given by simply adding a moving average to the display. I am after an average of the range or cumulative volume values at the same time each day. My computer skills not up to doing this in C++, but could probably manage via a spreadsheet. Please advise if you see an easier way of generating the value. Thank you

[2013-10-31 19:34:08] #8 [Go To First Post]
Sawtooth - Posts: 3976
Check out this thread from the old forum: http://www.sierrachart.com/supportboard/showthread.php?t=26498

[2013-10-31 19:50:19] #9 [Go To First Post]
Sawtooth - Posts: 3976
There is also a Relative Volume study in the User Contributed Studies: Analysis >> Studies >> Add Custom Study >> User Contributed Studies >> Relative Volume

[2013-11-01 08:14:08] #10 [Go To First Post]
Marmany - Posts: 303
Tom, thanks. This study also provides basis I can work from for another study currently calculated from a spreadsheet - cumulative volume at current time today vs cumulative volume at same time yesterday. The value yields useful info when scanning a market to day trade eg > 150% = strong likely to break to new highs / lows < 80% = weak market likely to revert to daily mean If day vol starts to fall during the session, this indicates deceleration and likely to be dangerous for trend following or break out entries. Will post code if succesful in developing a useful study.

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