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Direct MessagesDate/Time: Fri, 19 Apr 2024 05:15:37 +0000
Adding Volume Cluster Analysis to Numbers Bars
View Count: 10923
| [2014-04-17 01:31:09] |
| cmet - Posts: 534 |
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This is a feature that is offered on Ninjatrader using the OFA tools. Would be a great addition to the Sierra Numbers Bars. http://www.youtube.com/watch?v=ksmIXfXbhqM The quick explanation of these areas are the "3 or 4 consecutive prices within the bar where the most volume is taking place" These are then colored based on the dominant side. Can provide very valuable clues as to when buyers/sellers step in as well as give a good indication at what point those buyers and sellers would be in trouble or trapped. (Being able to use a hollow candle shape (as shown in the above video) as a background would also be a great feature) Any chance this can be added? Or, if this can be constructed with the existing settings, perhaps you can post below. Thanks Date Time Of Last Edit: 2014-04-17 03:40:48
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| [2014-04-17 04:14:00] |
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Sierra Chart does support Dominant side coloring based on comparing the bid volume to the ask volume. Here is the documentation for that: https://www.sierrachart.com/index.php?l=doc/doc_NumbersBars.php#DominantSideColoring Not quite sure if that is what you are looking for. For the time being there is no other functionality planned. 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 |
| [2014-04-17 12:37:31] |
| cmet - Posts: 534 |
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Yeah, thanks. Was more interested in something that took into account the amount traded as opposed to just percentage differences between bid/ask. This could also be accomplished by simply adding control for size thresholds in the Numbers Bars settings so that colors only fire when certain volume amounts are reached. This would also help to exclude small imbalances like, say, 50x100 contracts in ES which aren't very useful (in my opinion). Just a thought. Thanks Date Time Of Last Edit: 2014-04-17 12:41:08
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| [2014-04-17 17:36:25] |
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Was more interested in something that took into account the amount traded as opposed to just percentage differences between bid/ask. This could also be accomplished by simply adding control for size thresholds in the Numbers Bars settings so that colors only fire when certain volume amounts are reached. This is currently supported. Are you interested in the total amount traded at a particular price level within a chart bar? Or what specifically. 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 |
| [2014-04-17 17:48:49] |
| cmet - Posts: 534 |
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As mentioned in the original post above, I'm looking to have a coloring option for Numbers Bars that colors the 3 or 4 highest volume prices within the bar with the dominant side. Almost like have a Value Area for the bar and then letting you know who was more aggressive where the most volume took place. This can help you clearly see where large/aggressive buyers step in. Something like in this image: http://s29.postimg.org/z4bg8ttp3/volumeclusters.jpg |
| [2014-04-17 21:21:24] |
| cmet - Posts: 534 |
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Here's another pic that really shows the value of this method. Hopefully it's something you can consider implementing. http://s4.postimg.org/t0bd7ql71/clusters2.jpg |
| [2014-04-18 12:29:47] |
| cmet - Posts: 534 |
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This is the functionality from MarketDelta http://support.marketdelta.com/entries/20858357-multiple-price-highligher |
| [2014-04-18 15:34:00] |
| crazybears - Posts: 314 |
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take a look here : http://www.sierrachart.com/supportboard/showthread.php?t=37616 |
| [2014-04-18 16:43:54] |
| cmet - Posts: 534 |
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Interesting. Thank you. Just need to learn how to use it now! Still think that these volume based tools/settings would be a no brainer addition to the Numbers Bars. |
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