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Direct MessagesDate/Time: Sat, 20 Apr 2024 11:16:26 +0000
Volume By Price -- Multiple Profiles Based on Bar Count
View Count: 445
| [2021-10-21 21:40:54] |
| User964846 - Posts: 38 |
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I am trying to Recreate a picture another trader sent to me. He is using the multiple profiles based on bar count setting. So each bar's time frame, has a volume profile associated with it. Ins Sierra, the SIZE of the Volume by Price bars, (that is, the POC and all Surrounding Horizontal Bars), for each and every profile, is specific to only that profile. However, In his Picture, The Size of the Volume Profile's POC is specific to OTHER Profiles. There is one Volume Profile that is bigger than all other profiles. Profiles which were made overnight, are tiny, by comparison to regular trading hour profiles. In Sierra, the Max POC is based on, 100% = Largest Volume for that time period. In his Multi Profiles Picture, the Max POC is Set by the largest POC for the entire chart Window. This way, If the Max Volume by Price for 12:10-12:20, is much lower than the Max Volume for 9:30-9:40, We'll be able to see that, and it won't look like 12:10-12:20, has the same volume as 9:30-9:40. In this Way, we might say, The Maximum POC of All the profiles in your chart window, set's a distinct #, like 50,000 contracts, which is the absolute Maximum. & all the other Profiles then display a Percentage of that Maximum POC, based on How many Contracts they have, which will always be less than 50,000. I hope I am explaining this well. Its kinda like, Volume By Price, Meets Candle Price Volume Bars. Does Sierra Have a Way to Do this? If Not, is this something you will work on in the future? If you need picture's Let me know. Date Time Of Last Edit: 2021-10-21 21:47:19
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| [2021-10-21 22:45:33] |
| John - SC Support - Posts: 30976 |
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Refer to the following Input for the Volume by Price study: Volume By Price Study: Volume Profile Bars Length Relative to All Visible Profiles For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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