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Date/Time: Fri, 29 Mar 2024 05:54:52 +0000



A few Numbers Bars requests - market imbalance projection lines

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[2019-03-31 01:35:57]
User873570 - Posts: 27
Hi,

I have a couple of Numbers Bars inquiries/requests:

1. For "Highlight Point of Control," is it possible for the row to be highlighted the desired color (i.e. specify the desired background color for that price level) rather than draw a box around it? (Ideally in this case, I would be able to specify an alternate text color for this price level as well, but that would be a bonus.)

2. I would like to have Sierra track and draw additional formatting based on a specific set of parameters related to 'volume imbalance.' What I would like is:
A. To be able to specify Diagonal Dominant Side when certain % threshold of volume difference exists, along with a minimum actual-volume threshold for applying the formatting. Sierra already does this part today, and I use it to drive text coloring.
B. I *ALSO* want a second set of the same parameters -- %age thresholds and a specified min volume -- to generate additional formatting. In my case, I want this second set of parameters to drive background-coloring of the cell. For my particular use case, I want to set higher threshold numbers to background-color only a select number of my text-colored cells that I have already created in Sierra today using the existing set of parameters.
C. I then want this background-colored cell to project forward onto future bars similar to the POC's "Extension line until future intersection" option.
D. I only want my special background color to stop painting when a new bar CLOSES on the other side of it, not just touches it.

MarketDelta provides these lines and calls this Edge Zones or EZ Levels and they are described here: https://marketdelta.com/solutions/real-time-support-resistance/

Thank you in advance for the consideration.
[2019-03-31 04:37:40]
User105769 - Posts: 10
https://www.simplesystemtrading.com/imbalance/ try this if I understand what you mean
[2019-04-01 13:29:16]
User873570 - Posts: 27
Thank you, that is definitely along the lines of what I am looking for (although it doesn't address #1).
Is this a capability that Sierra would consider / is considering implementing natively?
[2019-04-01 14:32:07]
User105769 - Posts: 10
I don't know if sierra will develop this thing natively, I would like a graphic highlighter of the icebeg block orders ... besides a mapping of the high frequency orders that I saw on another platform, given that 80% of the exchanges are attributable to them ... hopefully in time
[2019-04-01 16:14:12]
binaryduke - Posts: 351
https://www.emojitrading.com/indicators/etg-edge-zones - We have worked with Anthony Drager for equivalent functionality.
https://www.emojitrading.com/indicators/POC-extension

Both of these provide everything described in post #1 (not the text colouring but you can deal with that in Numbers Bars) plus price-based and order flow-based tracking of these levels over time (https://www.emojitrading.com/emojizone)
Date Time Of Last Edit: 2019-04-01 16:18:00
[2019-04-01 18:15:01]
User873570 - Posts: 27
The more I think about this, the more simple I see that this is. In fact, the only thing Sierra would need to build in to fully support are three minor tweaks, all applied only to the existing %age thresholds and specified min volume setting:
1. Enable a forward-projecting line to be drawn for imbalance levels that meet the threshold conditions
2. Enable the line to be drawn as a highlighted background
3. Allow the user to specify whether the line should be made to stop painting on touch of the level vs on bar close THRU the level

If those tweaks existed, then we could simple apply two numbers bar studies. One that lights up the text per desired thresholds. A second that specifies more stringent thresholds and also leverages the enhancements above.

Thanks for the continued consideration.
[2019-04-02 19:21:02]
User873570 - Posts: 27
Hello, appreciate any feedback that Sierra can provide. Thank you in advance.
[2019-04-04 22:46:42]
Sierra Chart Engineering - Posts: 104368
In regards to post #7, it sounds like this can be supported with the Volume at Price Threshold Alert V2 study.

There is some underlying work we need to do first and we will do that.
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
[2019-04-12 18:56:11]
User873570 - Posts: 27
How do I find out when this and other requested enhancements which you agreed to are completed? Apologies if this is already documented somewhere.
[2019-04-12 21:15:23]
Sierra Chart Engineering - Posts: 104368
You cannot consider anything we say is agreeing to anything . All we said is we are going to work on the underlying functionality. And we have no idea when this can be. Sometimes we say something and it could be two years later. It is entirely possible we may not even get to this for a year. We just simply do not know.

It is our intent to get the underlying functionality done within 30 days but we really do not know because sometimes we do not and then it can be years later. We do not expect it will be that long and as we said we will try to get the underlying functionality done in 30 days but there are cases where things do not get done until years later.
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: 2019-04-12 23:39:21
[2019-04-17 03:39:52]
Sierra Chart Engineering - Posts: 104368
In regards to this post:
A few Numbers Bars requests - market imbalance projection lines | Post: 175842

The Volume at Price Threshold Alert V2 study has been enhanced to support this and will be part of the next release (1903).

This also includes support for this new ACSIL function:
int sc.AddLineUntilFutureIntersectionEx(const n_ACSIL::s_LineUntilFutureIntersection& LineUntilFutureIntersection);

A future intersection line can always be set to extend to the end of the chart and can also be a transparent drawn range rather than just a single line.
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: 2019-04-17 03:41:33
[2019-04-19 16:16:04]
User873570 - Posts: 27
Thank you for this enhancement, it's great. One additional enhancement would make this usable to me in the manner I am looking for. Per the above request:

"...all applied only to the existing %age thresholds and specified min volume setting"
--Alert v2 allows me to do a %age threshold comparison on a diagonal difference ratio. I can use two instances of the study; one for bid, one for ask, to get my different colors. But it appears to NOT do a minimum volume check per cell. This was requested here as well: Using both percentage and minimum Volume diagonal threshold in Volume at Price v2

"3. Allow the user to specify whether the line should be made to stop painting on touch of the level vs on bar close THRU the level"

I'm not sure what methodology is being used right now. For my purposes, I would like the line to stay drawn until a candle closes beyond it, but I cannot tell if this methodology is currently being applied.

With regard to the existing highlight lines, some of them only cover fractions of a whole price level. This does not seem to be by design but I am not sure.


Thank you for your continued consideration.
Date Time Of Last Edit: 2019-04-23 11:25:46
imagehighlight lines.PNG / V - Attached On 2019-04-19 16:14:34 UTC - Size: 61.17 KB - 1483 views
[2019-04-20 03:12:56]
Acro - Posts: 436
I also think the new feature mentioned in post #12 is great but the ability to reset at end of day would be very welcome because the action into the close of eg ES is unlike any other action in the day and would result in extension lines being drawn across many price levels around the close until price crossed those levels the next day.

If we had an option not to extend after close of day I think it would be much better.

The same applies to the bid ask non zero extension lines in the Number Bars. If these had an option to reset at end of the trading day that would be a welcome improvement too
[2019-04-26 04:36:59]
Sierra Chart Engineering - Posts: 104368
Really what we recommend is that you modify the Volume at Price Threshold Alert V2 study to meet your requirements. Refer to:
How to Build an Advanced Custom Study from Source Code

In the very latest prerelease, it is now supported for a study to control the ending point of an extension line through this structure member:
s_LineUntilFutureIntersection::EndBarIndex



So you should therefore be able to accomplish what you need.
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
[2019-04-26 06:29:39]
Ackin - Posts: 1863
#15

nice...

I wanted the same thing and you told me "in no way"
https://www.sierrachart.com/SupportBoard.php?ThreadID=40789

other Q:
Can I ask if do you plan to make an extended rectangle?
Date Time Of Last Edit: 2019-04-26 06:31:39
[2019-04-26 06:55:58]
Sierra Chart Engineering - Posts: 104368
Okay we think we misunderstood you at the time.


Can I ask if do you plan to make an extended rectangle?

You can already do this with these new parameters:
LineUntilFutureIntersection.LineValue2ForRange;
LineUntilFutureIntersection.UseLineValue2;


These will set the value of the bottom side of the rectangle. LineValue sets the top. There is even a transparency level:

LineUntilFutureIntersection::TransparencyLevel
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: 2019-04-26 07:08:14
[2019-04-26 10:46:08]
User873570 - Posts: 27
Hi, would you please comment on post #13 at some point. Thank you.

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