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Date/Time: Sat, 27 Apr 2024 19:04:24 +0000



Volume Dots and Zooming compatibilites

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[2019-03-14 07:17:43]
User590016 - Posts: 50
Hello,

Is there a way to plot automatically volume dots showing the composition of both bid and ask side and the size for the traded volume automatically on the historical heatmap like on on Bookmap and a zoom in zoom out function representing decently the relevant data based on the zoom?

Thanks
[2019-03-17 19:41:55]
Sierra Chart Engineering - Posts: 104368
You can use this particular study:
Large Volume Trade Indicator

To zoom in and out, refer to:
Working With Charts: Zooming In and Out
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
[2019-03-18 14:42:40]
whats1thingnow - Posts: 407
+1 for post #1

i am using the above approach as per #2 but the problem with it is that if multiple large trades occur on bid and ask, they all overlap and hence we cannot see what's happening (even with the transparency setting) - talked about in 2018-07-06
(Large Volume Trade Indicator | Post: 151888)


basically the same request as #1:

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)

[2019-03-30 19:50:22]
nosast2 - Posts: 73
+1 for post #1

Would also love to sse these bubbles similar to bookmap. The large trade indicator study is not useful to show the volume trade at a specific prive level in a specific bar/candle. I suppose it would plot 1 trade of thousand lots but not 50 trades of 20 lots happening in the same bar.

Can the large volume trade indicator be changed to also sum up trades?

Attached bookmap view...
imageBildschirmfoto 2019-03-30 um 20.45.58.png / V - Attached On 2019-03-30 19:50:16 UTC - Size: 120.8 KB - 1414 views
[2019-03-31 01:20:44]
whats1thingnow - Posts: 407
jigsaw does it even better than bookmap imo, because it combines both the bid volume and ask volume into ONE volume dot (composition based on % of ask/bid volume: top portion is ask volume, bottom portion is bid volume):
https://www.sierrachart.com/Download.php?Folder=SupportBoard&download=26866

in the above example, there is a completely red dot. this means it was 99% bid volume and lots of sell market went through without many buy market orders

additionally, the volume dots ADJUST in size according to other volume dots that's visible on the chart

for example, we set a volume threshold to be 500 (so at the minimum, combined bid and ask volume needs to be 500 or more on a bar for the volume dot to show)

few minutes later, a 2000 volume dot appears

the 2000 volume dot would be BIGGER than the 500 volume dot
Date Time Of Last Edit: 2019-03-31 01:22:56
[2019-03-31 19:41:21]
nosast2 - Posts: 73
Bookmap can also show portioned dots like pie charts but I found it to be too distracting and I just need the option to show if the majority went of on bid or ask side. But you are right - this options needs to be configurable by the user.
[2019-04-03 07:59:56]
nosast2 - Posts: 73
@Sierra Chart Engineers:

Is there a chance you implement something similar to the Volume Dots in Bookmap, Ninja, Jigsaw?
[2019-04-13 13:20:39]
User574234 - Posts: 15
+1 for post #5

Can the large volume trade indicator be changed to also sum up trades?

Summing up trades is important, not just large volume.

Seeing large trades is good, but if there are a 2000 1 lot traders at that price, the large volume trade indicator just doesn't show anything.
[2019-04-15 21:22:48]
Sierra Chart Engineering - Posts: 104368

Seeing large trades is good, but if there are a 2000 1 lot traders at that price, the large volume trade indicator just doesn't show anything.
This can be accomplished with this particular setting:
Chart Settings: Combine Trades into Original Summary Trade (Data Feed and Exchange Specific) (Chart >> Chart Settings >> Chart Data >> Chart Data menu)
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
[2019-04-16 01:09:57]
User19165 - Posts: 346
AFAIK, the comment in post #9 only applies to CME products and the sierra data feed. So the comment from support is only partly accurate.
[2019-04-16 07:31:07]
nosast2 - Posts: 73
Also this only works for one single large trade. Much better is to summarize all the trades at one particular pricelevel inside the bar as most big trades are anyways executed in a bunch of trades instead of one big order.
Date Time Of Last Edit: 2019-04-16 18:21:22
[2019-04-17 14:10:23]
whats1thingnow - Posts: 407
Summing up trades is important, not just large volume.



Much better is to summarize all the trades at one particular pricelevel inside the bar as most big trades are anyways executed in a bunch of trades instead of one big order

absolutely agree
[2019-04-20 15:15:00]
User574234 - Posts: 15
jigsaw does it even better than bookmap imo, because it combines both the bid volume and ask volume into ONE volume dot (composition based on % of ask/bid volume: top portion is ask volume, bottom portion is bid volume):
https://www.sierrachart.com/Download.php?Folder=SupportBoard&download=26866

in the above example, there is a completely red dot. this means it was 99% bid volume and lots of sell market went through without many buy market orders

additionally, the volume dots ADJUST in size according to other volume dots that's visible on the chart

for example, we set a volume threshold to be 500 (so at the minimum, combined bid and ask volume needs to be 500 or more on a bar for the volume dot to show)

few minutes later, a 2000 volume dot appears

the 2000 volume dot would be BIGGER than the 500 volume dot

i'm really missing this from jigsaw:

combines both the bid volume and ask volume into ONE volume dot

the volume dots ADJUST in size according to other volume dots that's visible on the chart

[2019-04-21 01:44:57]
Acro - Posts: 436
I hear what you are saying in post #13 buy my two cents:

1. The sierra large trade dots have a setting - auto size based on visible so it does adjust the size of dots based on what is visible at the moment. So, if a 2000 trade was the largest on screen it would be the biggest but if a 4000 appeared whilst the 2000 was on screen the 2000 one becomes a lot smaller.

2. I totally agree with you re the "pie shape" of the Jigsaw/Bookmap dots showing proportions of at bid and at ask. That would be a tremendous improvement if the Sierra dot could adopt that pie shape.
For the time being it does not, so I recommend you have some or all of the other tools at hand:
- time and sales (or multiple time and sales) window(s)
- numbers bars
- chart/trade dom columns
- volume bars split by at bid or at ask

Some or all of these tools help you achieve the same.

What I would not recommend is using both Sierra and Bookmap/Jigsaw at the same time.
There are lots of reasons but my simplest is that I'd rather get better at my craft on one than try and be a jack of all platforms (and yes, I own them all)
Date Time Of Last Edit: 2019-04-21 01:46:29
[2019-04-22 05:05:55]
User574234 - Posts: 15
1. The sierra large trade dots have a setting - auto size based on visible so it does adjust the size of dots based on what is visible at the moment. So, if a 2000 trade was the largest on screen it would be the biggest but if a 4000 appeared whilst the 2000 was on screen the 2000 one becomes a lot smaller.

this doesn't show accumulation of volume a price and change the volume dots according to the ACCUMULATED size :(
[2019-05-31 15:03:31]
whats1thingnow - Posts: 407
show accumulation of volume a price and change the volume dots according to the ACCUMULATED size

yes yes yes!
Date Time Of Last Edit: 2019-05-31 15:03:47
[2019-06-16 01:01:53]
User574234 - Posts: 15
SC, just want to follow up on this!

Thanks!!!
[2019-06-19 17:41:52]
whats1thingnow - Posts: 407
need this badly!

hopefully we can get to this soon :)

thank you sc!!!!!!!
[2019-07-02 08:10:00]
nosast2 - Posts: 73
@SC: any possibility that the delta dots could be implemented like in Bookmap?

https://bookmap.com/blog/new-volume-delta-more-opportunities-for-volume-analysis/
[2019-08-22 04:12:48]
whats1thingnow - Posts: 407
@sc support - please consider this

thank you!
[2019-09-11 15:18:26]
whats1thingnow - Posts: 407
@SC: any possibility that the delta dots could be implemented like in Bookmap?

https://bookmap.com/blog/new-volume-delta-more-opportunities-for-volume-analysis/

the volume delta looks so good

please sc support :D
[2019-09-12 04:28:51]
User106180 - Posts: 88
+1
[2019-09-24 09:57:36]
nosast - Posts: 290
+1
[2019-10-08 16:11:42]
Acro - Posts: 436
Hi,

I am finding a real deficiency in the settings for the large volume trade indicator in that you cannot currently set the minimum indicator size when you have it on automatic sizing.

This means that if there is one really big trade above your threshhold then all the other dots become so small as to be almost invisible.
This defeats the purpose of having theme there - ie if you can't see them because they are that small then you can't take advantage of them.

I think it would be a very simple remedy for SC to sort this out
Introduce an input for minimum dot size into this indicator's settings

eg Automatic sizing - ON
Minimum size - 10
Maximum size - 35

Then at least we could still see all the dots that were above the set volume threshhold

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