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Direct MessagesDate/Time: Wed, 24 Apr 2024 12:51:43 +0000
[User Discussion] - Colour Bar study
View Count: 980
| [2014-09-24 09:41:36] |
| User96105 - Posts: 113 |
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I’d like to be able to colour the bars to show small orders, where the average trade size within that bar is, say, less than 5 contracts, and then a different colour to show large trades where the average trade size is, say, more than 50 contracts. Is this possible using one of the standard colour bar studies? Thanks |
| [2014-09-24 09:44:31] |
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No. Quickly thinking about this, it seems rather involved to accomplish. It would require custom programming and that is not within the scope of our support. 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 |
| [2014-09-24 11:56:42] |
| User96105 - Posts: 113 |
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Okay thanks ~ I'll have a go to see if I can do this with a spreadsheet study.
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| [2014-10-08 02:17:21] |
| Shane - Posts: 31 |
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This is not that difficult to do. Average trade size is easy to calculate using a tick chart (SC calls it a "number of trades per bar" chart). Each bar is a fixed number of trades you define, say 1000 as an example. Add a volume study. Your formula is then: volume / 1000. This is the average trade size. If you want to display this value on some other kind of chart, you use study/price overlay to move it to the target chart and then a color bar by alert condition on the target chart that references the study/price overlay study. I do this now and display average trade size above a certain threshold on range bar charts. regards, shane |
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