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Direct MessagesDate/Time: Mon, 29 Apr 2024 04:55:14 +0000
Issue with Relative Volume study's average vol calculation
View Count: 1751
| [2019-11-20 19:15:26] |
| preston04401 - Posts: 5 |
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I have noticed an issue with the average volume part of the relative volume study that seems to lead to inaccurate relative volume output. The chart (link below) has the volume numbers based on the Numbers bars calculated values study for each half hour period and an overlay of the average volume calculated by the relative volume study. I have attached an image of my calculations for a 5 period average compared to the relative volume's calculation for a 5 period average and the difference (all for the 8-8:30 time frame, which is highlighted in the chart). Additionally I attached an image of my relative volume settings. Please let me know if I am making a mistake somewhere or there is an issue with the study's calculations. Thank you. http://www.sierrachart.com/image.php?Image=1574276667518.png |
 Relative volume calculation table.png / V - Attached On 2019-11-20 19:08:41 UTC - Size: 26.5 KB - 378 views Settings Relative Volume.png / V - Attached On 2019-11-20 19:09:38 UTC - Size: 48.6 KB - 294 views |
| [2019-11-21 17:16:19] |
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Set the Input in the Relative Volume study for Minimum Required Data for Day as Percentage to 0. Refer to the information for this Input here: Relative Volume: Inputs And also understand that the average volume for a particular chart bar does not include the volume for that bar. 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 |
| [2019-11-22 19:02:14] |
| preston04401 - Posts: 5 |
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I changed the Minimum Required for Day as Percentage to 0 and it did not change the average volume for any of the periods. The difference from what I calculated remains unchanged. I am not including the current bar period in my calculations.
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| [2019-11-24 04:58:09] |
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We ran through a test and definitively do not see any problem at all. The Average Volume calculation is 100% accurate. To see what it is you are doing we must get that particular chart with no other studies other than the Relative Volume study and also tell us to time zone of that chart. Instructions: Support Board Posting Information: Providing Chartbook with Only a Single Chart 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: 2019-11-24 04:58:59
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| [2019-11-24 23:01:32] |
| preston04401 - Posts: 5 |
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Attached is the chart as requested. Thank you for your help with this.
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 Relative Volume Issue upload.Cht - Attached On 2019-11-24 23:00:09 UTC - Size: 37.23 KB - 268 views |
| [2019-11-25 19:27:50] |
| preston04401 - Posts: 5 |
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Sorry, I forgot to note that the time zone of the chart is Los Angeles (-8 PST/-7PDT)
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| [2019-11-26 06:45:21] |
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We took a look at your chart and specifically at the calculation for the Average Volume on November 20, 2019 for the 08:00 bar, which matches the data you displayed in your image. The Average Volume calculated by the Relative Volume study matches your calculations exactly. The value is 67812.4, and you showed a value of 67813. Refer to the data below. We do not know where you got the value of 66,611, as we do not see that anywhere near that particular bar. The one thing we want to point out is that you do not have the Average Volume being displayed in the Tool Values Window, so we do not know how exactly you determined the value from the Relative Volume study. Chart Values for Tools Y: 63493.5 Wed 2019-11-20 08:00:00.000 Begin Time Wed 2019-11-20 08:29:59.074 End Time Region 1 ESZ19 [CBV][M] 30 Min #1 () ID:0 Price Chg: -0.50 Open: 3117.00 High: 3118.25 Low: 3114.25 Last: 3116.25 Volume: 49812 # of Trades: 7274 OHLC Avg: 3116.44 HLC Avg: 3116.25 HL Avg: 3116.25 Bid Volume: 25821 Ask Volume: 23991 Region 2 Relative Volume ID:5 Cumulative Volume Ratio: 92.3 Average Volume: 67812.4 Cumulative Volume: 319495.0 Volume Average Volume Difference: -18000.4 Cum Volume Average Cum Volume Difference: -26756.4 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: 2019-11-26 06:48:40
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| [2019-11-28 03:43:53] |
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Also refer to: Relative Volume: Accuracy of Average Volume Calculation 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 |
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